ZEBRA TECHNOLOGIES CORP-CL A (ZBRA) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:ZBRA • US9892071054

241.08 USD
-4.17 (-1.7%)
At close: Feb 5, 2026
243.62 USD
+2.54 (+1.05%)
Pre-Market: 2/6/2026, 7:59:53 AM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to ZBRA. ZBRA was compared to 123 industry peers in the Electronic Equipment, Instruments & Components industry. While ZBRA belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. ZBRA scores decently on growth, while it is valued quite cheap. This could make an interesting combination. With these ratings, ZBRA could be worth investigating further for value investing!.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year ZBRA was profitable.
  • In the past year ZBRA had a positive cash flow from operations.
  • In the past 5 years ZBRA has always been profitable.
  • Of the past 5 years ZBRA 4 years had a positive operating cash flow.
ZBRA Yearly Net Income VS EBIT VS OCF VS FCFZBRA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 6.35%, ZBRA is in the better half of the industry, outperforming 78.05% of the companies in the same industry.
  • ZBRA has a better Return On Equity (13.66%) than 80.49% of its industry peers.
  • ZBRA has a better Return On Invested Capital (10.71%) than 86.99% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ZBRA is above the industry average of 8.89%.
Industry RankSector Rank
ROA 6.35%
ROE 13.66%
ROIC 10.71%
ROA(3y)5.61%
ROA(5y)7.93%
ROE(3y)13.8%
ROE(5y)18.59%
ROIC(3y)11.59%
ROIC(5y)14.22%
ZBRA Yearly ROA, ROE, ROICZBRA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

1.3 Margins

  • Looking at the Profit Margin, with a value of 9.74%, ZBRA belongs to the top of the industry, outperforming 81.30% of the companies in the same industry.
  • ZBRA's Profit Margin has declined in the last couple of years.
  • ZBRA's Operating Margin of 15.34% is amongst the best of the industry. ZBRA outperforms 89.43% of its industry peers.
  • In the last couple of years the Operating Margin of ZBRA has remained more or less at the same level.
  • ZBRA's Gross Margin of 48.39% is amongst the best of the industry. ZBRA outperforms 83.74% of its industry peers.
  • In the last couple of years the Gross Margin of ZBRA has remained more or less at the same level.
Industry RankSector Rank
OM 15.34%
PM (TTM) 9.74%
GM 48.39%
OM growth 3Y-5.09%
OM growth 5Y-0.99%
PM growth 3Y-10.68%
PM growth 5Y-2.66%
GM growth 3Y1.23%
GM growth 5Y0.68%
ZBRA Yearly Profit, Operating, Gross MarginsZBRA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • ZBRA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, ZBRA has more shares outstanding
  • Compared to 5 years ago, ZBRA has less shares outstanding
  • Compared to 1 year ago, ZBRA has an improved debt to assets ratio.
ZBRA Yearly Shares OutstandingZBRA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
ZBRA Yearly Total Debt VS Total AssetsZBRA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • ZBRA has an Altman-Z score of 3.73. This indicates that ZBRA is financially healthy and has little risk of bankruptcy at the moment.
  • With a decent Altman-Z score value of 3.73, ZBRA is doing good in the industry, outperforming 60.98% of the companies in the same industry.
  • The Debt to FCF ratio of ZBRA is 2.74, which is a good value as it means it would take ZBRA, 2.74 years of fcf income to pay off all of its debts.
  • ZBRA has a better Debt to FCF ratio (2.74) than 72.36% of its industry peers.
  • ZBRA has a Debt/Equity ratio of 0.56. This is a neutral value indicating ZBRA is somewhat dependend on debt financing.
  • ZBRA's Debt to Equity ratio of 0.56 is on the low side compared to the rest of the industry. ZBRA is outperformed by 74.80% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 2.74
Altman-Z 3.73
ROIC/WACC0.78
WACC13.8%
ZBRA Yearly LT Debt VS Equity VS FCFZBRA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 1.61 indicates that ZBRA should not have too much problems paying its short term obligations.
  • ZBRA has a Current ratio of 1.61. This is in the lower half of the industry: ZBRA underperforms 71.54% of its industry peers.
  • ZBRA has a Quick Ratio of 1.19. This is a normal value and indicates that ZBRA is financially healthy and should not expect problems in meeting its short term obligations.
  • ZBRA has a worse Quick ratio (1.19) than 70.73% of its industry peers.
Industry RankSector Rank
Current Ratio 1.61
Quick Ratio 1.19
ZBRA Yearly Current Assets VS Current LiabilitesZBRA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • ZBRA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 38.24%, which is quite impressive.
  • The Earnings Per Share has been growing slightly by 0.88% on average over the past years.
  • Looking at the last year, ZBRA shows a quite strong growth in Revenue. The Revenue has grown by 12.87% in the last year.
  • Measured over the past years, ZBRA shows a small growth in Revenue. The Revenue has been growing by 2.12% on average per year.
EPS 1Y (TTM)38.24%
EPS 3Y-9.87%
EPS 5Y0.88%
EPS Q2Q%11.17%
Revenue 1Y (TTM)12.87%
Revenue growth 3Y-3.98%
Revenue growth 5Y2.12%
Sales Q2Q%5.18%

3.2 Future

  • ZBRA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.92% yearly.
  • ZBRA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.18% yearly.
EPS Next Y18.52%
EPS Next 2Y15.05%
EPS Next 3Y13.46%
EPS Next 5Y13.92%
Revenue Next Year8.45%
Revenue Next 2Y9.09%
Revenue Next 3Y7.89%
Revenue Next 5Y7.18%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ZBRA Yearly Revenue VS EstimatesZBRA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B
ZBRA Yearly EPS VS EstimatesZBRA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10 20 30

More info and screens

Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 15.54, which indicates a correct valuation of ZBRA.
  • 86.18% of the companies in the same industry are more expensive than ZBRA, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.67, ZBRA is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 13.48 indicates a correct valuation of ZBRA.
  • Based on the Price/Forward Earnings ratio, ZBRA is valued cheaper than 87.80% of the companies in the same industry.
  • ZBRA is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.20, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.54
Fwd PE 13.48
ZBRA Price Earnings VS Forward Price EarningsZBRA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • ZBRA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ZBRA is cheaper than 76.42% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, ZBRA is valued cheaply inside the industry as 88.62% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 15.42
EV/EBITDA 13.69
ZBRA Per share dataZBRA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

  • ZBRA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • ZBRA has a very decent profitability rating, which may justify a higher PE ratio.
  • ZBRA's earnings are expected to grow with 13.46% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.84
PEG (5Y)17.63
EPS Next 2Y15.05%
EPS Next 3Y13.46%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for ZBRA!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

ZEBRA TECHNOLOGIES CORP-CL A

NASDAQ:ZBRA (2/5/2026, 8:03:38 PM)

Premarket: 243.62 +2.54 (+1.05%)

241.08

-4.17 (-1.7%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)10-28
Earnings (Next)02-12
Inst Owners98.81%
Inst Owner Change2.16%
Ins Owners0.7%
Ins Owner Change-0.17%
Market Cap12.21B
Revenue(TTM)5.25B
Net Income(TTM)512.00M
Analysts79.2
Price Target355.02 (47.26%)
Short Float %2.8%
Short Ratio2.27
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.94%
Min EPS beat(2)1.41%
Max EPS beat(2)6.47%
EPS beat(4)3
Avg EPS beat(4)4.07%
Min EPS beat(4)-0.59%
Max EPS beat(4)8.97%
EPS beat(8)7
Avg EPS beat(8)6.01%
EPS beat(12)9
Avg EPS beat(12)4.27%
EPS beat(16)12
Avg EPS beat(16)3.16%
Revenue beat(2)0
Avg Revenue beat(2)-1.47%
Min Revenue beat(2)-1.49%
Max Revenue beat(2)-1.45%
Revenue beat(4)0
Avg Revenue beat(4)-1.05%
Min Revenue beat(4)-1.49%
Max Revenue beat(4)-0.61%
Revenue beat(8)3
Avg Revenue beat(8)-0.33%
Revenue beat(12)5
Avg Revenue beat(12)-0.89%
Revenue beat(16)6
Avg Revenue beat(16)-1.18%
PT rev (1m)-2.25%
PT rev (3m)-6.45%
EPS NQ rev (1m)0.13%
EPS NQ rev (3m)2.06%
EPS NY rev (1m)0.2%
EPS NY rev (3m)1.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.26%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.09%
Valuation
Industry RankSector Rank
PE 15.54
Fwd PE 13.48
P/S 2.32
P/FCF 15.42
P/OCF 14.1
P/B 3.26
P/tB N/A
EV/EBITDA 13.69
EPS(TTM)15.51
EY6.43%
EPS(NY)17.88
Fwd EY7.42%
FCF(TTM)15.63
FCFY6.48%
OCF(TTM)17.09
OCFY7.09%
SpS103.73
BVpS73.96
TBVpS-11.05
PEG (NY)0.84
PEG (5Y)17.63
Graham Number160.66
Profitability
Industry RankSector Rank
ROA 6.35%
ROE 13.66%
ROCE 12.47%
ROIC 10.71%
ROICexc 12.79%
ROICexgc 62.7%
OM 15.34%
PM (TTM) 9.74%
GM 48.39%
FCFM 15.07%
ROA(3y)5.61%
ROA(5y)7.93%
ROE(3y)13.8%
ROE(5y)18.59%
ROIC(3y)11.59%
ROIC(5y)14.22%
ROICexc(3y)12.35%
ROICexc(5y)15.17%
ROICexgc(3y)83.03%
ROICexgc(5y)N/A
ROCE(3y)13.49%
ROCE(5y)16.56%
ROICexgc growth 3Y-36.88%
ROICexgc growth 5Y-17.49%
ROICexc growth 3Y-16.79%
ROICexc growth 5Y-8.38%
OM growth 3Y-5.09%
OM growth 5Y-0.99%
PM growth 3Y-10.68%
PM growth 5Y-2.66%
GM growth 3Y1.23%
GM growth 5Y0.68%
F-Score9
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 2.74
Debt/EBITDA 2.16
Cap/Depr 44.05%
Cap/Sales 1.41%
Interest Coverage 250
Cash Conversion 88.91%
Profit Quality 154.69%
Current Ratio 1.61
Quick Ratio 1.19
Altman-Z 3.73
F-Score9
WACC13.8%
ROIC/WACC0.78
Cap/Depr(3y)40.17%
Cap/Depr(5y)39.59%
Cap/Sales(3y)1.46%
Cap/Sales(5y)1.39%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)38.24%
EPS 3Y-9.87%
EPS 5Y0.88%
EPS Q2Q%11.17%
EPS Next Y18.52%
EPS Next 2Y15.05%
EPS Next 3Y13.46%
EPS Next 5Y13.92%
Revenue 1Y (TTM)12.87%
Revenue growth 3Y-3.98%
Revenue growth 5Y2.12%
Sales Q2Q%5.18%
Revenue Next Year8.45%
Revenue Next 2Y9.09%
Revenue Next 3Y7.89%
Revenue Next 5Y7.18%
EBIT growth 1Y28.14%
EBIT growth 3Y-8.88%
EBIT growth 5Y1.11%
EBIT Next Year24.74%
EBIT Next 3Y14.92%
EBIT Next 5Y13.71%
FCF growth 1Y1484%
FCF growth 3Y-1.88%
FCF growth 5Y8.86%
OCF growth 1Y609.84%
OCF growth 3Y-1.78%
OCF growth 5Y8.14%

ZEBRA TECHNOLOGIES CORP-CL A / ZBRA FAQ

Can you provide the ChartMill fundamental rating for ZEBRA TECHNOLOGIES CORP-CL A?

ChartMill assigns a fundamental rating of 6 / 10 to ZBRA.


Can you provide the valuation status for ZEBRA TECHNOLOGIES CORP-CL A?

ChartMill assigns a valuation rating of 7 / 10 to ZEBRA TECHNOLOGIES CORP-CL A (ZBRA). This can be considered as Undervalued.


How profitable is ZEBRA TECHNOLOGIES CORP-CL A (ZBRA) stock?

ZEBRA TECHNOLOGIES CORP-CL A (ZBRA) has a profitability rating of 7 / 10.


How financially healthy is ZEBRA TECHNOLOGIES CORP-CL A?

The financial health rating of ZEBRA TECHNOLOGIES CORP-CL A (ZBRA) is 5 / 10.