Zebra Technologies Corporation
TechnologyNASDAQ:ZBRA · NASDAQ Global Select
+$4.54 today
Vol 0.32M · Avg 0.94M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$5.6B of revenue converted into $418.0M of net income for the selected period. Gross margin is 47.5% and net margin is 7.5%, showing how much revenue survives after costs and taxes. EPS is $8.22, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.4B +8.3% | $5.0B +8.7% | $4.6B -20.7% | $5.8B +2.7% | $5.6B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $2.9B +13.6% | $2.6B +4.3% | $2.5B -22.0% | $3.2B +5.3% | $3.0B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $2.5B +2.7% | $2.4B +13.7% | $2.1B -19.1% | $2.6B -0.2% | $2.6B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 45.9% -2.5pp | 48.4% +2.1pp | 46.3% +0.9pp | 45.4% -1.3pp | 46.7% | 9.8% | 28.9% | 38.3% |
| Research & Development | $593.0M +5.3% | $563.0M +8.5% | $519.0M -8.9% | $570.0M +0.5% | $567.0M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $1.1B +10.7% | $981.0M +7.2% | $915.0M -6.8% | $982.0M +5.0% | $935.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $1.7B +0.5% | $1.7B +1.8% | $1.6B -21.6% | $2.1B +27.0% | $1.6B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $185.0M +7.6% | $172.0M -2.3% | $176.0M -13.7% | $204.0M +9.1% | $187.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $853.0M -9.0% | $937.0M +23.1% | $761.0M -33.2% | $1.1B -1.7% | $1.2B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 15.8% -3.0pp | 18.8% +2.2pp | 16.6% -3.1pp | 19.7% -0.9pp | 20.6% | 5.6% | 46.3% | 42.0% |
| Operating Income | $800.0M +7.8% | $742.0M +54.3% | $481.0M -9.1% | $529.0M -46.0% | $979.0M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 14.8% -0.1pp | 14.9% +4.4pp | 10.5% +1.3pp | 9.2% -8.2pp | 17.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $108.0M -16.3% | $129.0M -3.0% | $133.0M +121.7% | $60.0M +1100.0% | $5.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$240.0M -124.3% | -$107.0M +27.2% | -$147.0M -1080.0% | $15.0M +236.4% | -$11.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $560.0M -11.8% | $635.0M +90.1% | $334.0M -38.6% | $544.0M -43.8% | $968.0M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 10.4% -2.4pp | 12.7% +5.5pp | 7.3% -2.1pp | 9.4% -7.8pp | 17.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $141.0M +31.8% | $107.0M +181.6% | $38.0M -53.1% | $81.0M -38.2% | $131.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $419.0M -20.6% | $528.0M +78.4% | $296.0M -36.1% | $463.0M -44.7% | $837.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | 7.8% -2.8pp | 10.6% +4.1pp | 6.5% -1.6pp | 8.0% -6.9pp | 14.9% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $8 -19.6% | $10 +78.0% | $6 -35.1% | $9 -43.4% | $16 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $8 -19.6% | $10 +78.0% | $6 -35.1% | $9 -43.3% | $16 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $50.8M -1.3% | $51.5M +0.2% | $51.4M -1.6% | $52.2M -2.3% | $53.4M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $51.2M -1.3% | $51.9M +0.3% | $51.7M -1.6% | $52.6M -2.5% | $53.9M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Lumentum Holdings Inc.
NASDAQ:LITE
$71.98B
Entegris, Inc.
NASDAQ:ENTG
$22.87B
TD SYNNEX Corporation
NYSE:SNX
$22.62B
F5, Inc.
NASDAQ:FFIV
$22.28B
Joint Stock Company Kaspi.kz
NASDAQ:KSPI
$15.45B
Gen Digital Inc.
NASDAQ:GEN
$14.54B
Dynatrace, Inc.
NYSE:DT
$11.84B
CACI International Inc
NYSE:CACI
$11.51B
DocuSign, Inc.
NASDAQ:DOCU
$8.56B
Klarna Group plc
NYSE:KLAR
$6.14B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does ZBRA generate?
Zebra Technologies Corporation (ZBRA) reported $5.40B of revenue in fiscal 2025.
Is ZBRA profitable?
Zebra Technologies Corporation (ZBRA) reported $419.00M of net income, with a net margin of 7.8%.
Explore More
Continue the stock analysis
Jump to another research area for this company.