ZEBRA TECHNOLOGIES CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 2,502 | 41.1 |
| Stockholders' equity | 3,588 | 58.9 |
| Total capitalization | 6,090 | 100.0 |
47,310,660 shares outstanding at 28 July 2026 (cover page of the 10-Q filed 4 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, noncurrent | 2,361 |
| Current maturities | 141 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 150,000,000 |
| Common shares issued | 72,151,857 |
| Treasury shares | 22,558,911 |
| Par or stated value per share ($) | 0.01 |
| Preferred stock ($ millions) | 0 |
| Outstanding at 7/28/26 | 47,310,660 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: State of incorporation not stated in SEC records. Formerly known as ZEBRA TECHNOLOGIES CORP/DE (to 5 May 2009).
BUSINESS: Classified by the SEC under Standard Industrial Classification 3560, General Industrial Machinery & Equipment. Large accelerated filer. Principal executive office: 3 Overlook Point, Lincolnshire, IL 60069. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 5,396 | 4,981 | 4,584 |
| Cost of revenues | 2,803 | 2,568 | 2,461 |
| Gross profit | 2,593 | 2,413 | 2,123 |
| Research and development | 593 | 563 | 519 |
| Depreciation and amortization | 185 | 172 | 176 |
| Operating income | 700 | 742 | 481 |
| Income before income taxes | 560 | 635 | 334 |
| Income taxes | 141 | 107 | 38 |
| Net income | 419 | 528 | 296 |
| Earned per share, diluted ($) | 8.18 | 10.18 | 5.72 |
| Dividends per share ($) | – | – | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 125 | 901 |
| Receivables, net | 801 | 692 |
| Inventories | 729 | 693 |
| Total current assets | 1,796 | 2,440 |
| Property, plant and equipment, net | 353 | 305 |
| Goodwill | 4,727 | 3,891 |
| Total assets | 8,502 | 7,968 |
| Total current liabilities | 1,852 | 1,704 |
| Long-term debt | 2,361 | 2,092 |
| Total liabilities | 4,914 | 4,382 |
| Stockholders' equity | 3,588 | 3,586 |
| Total liabilities and equity | 8,502 | 7,968 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 5,396 | 700 | 419 | 7.8 | 8.18 | – | 917 | 86 | 831 | 8,502 | 4,914 | 2,502 | 3,588 | 11.7 | 0.70 |
| 12/31/24 | 4,981 | 742 | 528 | 10.6 | 10.18 | – | 1,013 | 59 | 954 | 7,968 | 4,382 | 2,171 | 3,586 | 14.7 | 0.61 |
| 12/31/23 | 4,584 | 481 | 296 | 6.5 | 5.72 | – | (4) | 87 | (91) | 7,306 | 4,270 | 2,220 | 3,036 | 9.7 | 0.73 |
| 12/31/22 | 5,781 | 529 | 463 | 8.0 | 8.80 | – | 488 | 75 | 413 | 7,529 | 4,796 | 2,023 | 2,733 | 16.9 | 0.74 |
| 12/31/21 | 5,627 | 979 | 837 | 14.9 | 15.52 | – | 1,069 | 59 | 1,010 | 6,215 | 3,231 | 991 | 2,984 | 28.0 | 0.33 |
| 12/31/20 | 4,448 | 651 | 504 | 11.3 | 9.35 | – | 962 | 67 | 895 | 5,375 | 3,231 | 1,245 | 2,144 | 23.5 | 0.58 |
| 12/31/19 | 4,485 | 692 | 544 | 12.1 | 9.97 | – | 685 | 61 | 624 | 4,711 | 2,872 | 266 | 1,839 | 29.6 | 0.14 |
| 12/31/18 | 4,218 | 610 | 421 | 10.0 | 7.76 | – | 785 | 64 | 721 | 4,339 | 3,004 | 1,591 | 1,335 | 31.5 | 1.19 |
| 12/31/17 | 3,722 | 322 | 17 | 0.5 | 0.32 | – | 478 | 50 | 428 | 4,275 | 3,441 | 2,176 | 834 | 2.0 | 2.61 |
| 12/31/16 | 3,574 | 80 | (137) | -3.8 | (2.65) | – | 380 | 77 | 303 | 4,632 | 3,840 | 2,648 | 792 | -17.3 | 3.34 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
ZEBRA TECHNOLOGIES CORP
CIK 877212 · EIN 36-2675536
PRINCIPAL OFFICE:
3 Overlook Point, Lincolnshire, IL 60069
Tel.: 847-634-6700
INCORPORATED:
–
INDUSTRY (SEC SIC CODE):
3560 · General Industrial Machinery & Equipment
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 12 February 2026
FORMER NAMES:
ZEBRA TECHNOLOGIES CORP/DE
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/12/26) · 10-K FY2024 (filed 2/13/25) · 10-K FY2023 (filed 2/15/24) · 10-K FY2022 (filed 2/16/23) · 10-K FY2021 (filed 2/10/22) · 10-K FY2020 (filed 2/11/21) · 10-K FY2019 (filed 2/13/20) · 10-K FY2018 (filed 2/14/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.