ZBRA vs INVZ vs BELFA Stock Comparison

Zebra Technologies, Innoviz Technologies and Bel Fuse Prices as of Nov 4, 2026 Peers: Industry group
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ZBRA Zebra Technologies Corp
$332.44 -11.5% 1M +27.7% 1Y
Market cap
$15.31B
P/E
25.4x
Revenue (TTM)
$6.14B
Div. yield
–
Electronic Components Technology
7 wins
BELFA Bel Fuse Inc /Nj
$174.19 -16.5% 1M +29.4% 1Y
Market cap
$2.22B
P/E
38.5x
Revenue (TTM)
$785.62M
Div. yield
–
Electronic Components Technology
2 wins

Head to Head

10 decided of 12

Zebra Technologies leads on 7 of the 12 questions below (Zebra Technologies 7, Bel Fuse 2, Innoviz Technologies 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionZBRAINVZBELFALeader
Larger companyMarket capitalisation $15.31B $39.52M $2.22B ZBRA
Cheaper on earningsLower P/E, profitable companies only 25.4x -0.5x 38.5x ZBRA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.7x — 16.8x ZBRA
Faster revenue growthRevenue growth, trailing twelve months +16.9% +41.1% +21.0% INVZ
More profitableNet margin, trailing twelve months 9.8% -153.1% 7.3% ZBRA
Better return on capitalReturn on invested capital 11.9% — 11.6% ZBRA
Less leveragedLower net debt / EBITDA 2.1x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +27.7% -86.4% +29.4% BELFA
Better 5-year returnAnnualised price return, 5 years -11.4%/yr -45.7%/yr +62.3%/yr BELFA
Less volatileAnnualised volatility, 1 year 46.3% 88.4% 59.9% ZBRA
Higher overall scoreMean of the five percentile scores vs peers 68/100 22/100 61/100 ZBRA

Percentile Scorecard

ZBRAINVZBELFA

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisZBRAINVZBELFA
Valuation 70 #34 of 112 14 #96 of 112 75 #29 of 112
Growth 70 #33 of 108 59 #45 of 108 57 #47 of 108
Profitability 84 #18 of 104 9 #95 of 104 71 #31 of 104
Financial Health 18 #95 of 116 24 #88 of 116 75 #30 of 116
Shareholder Returns 96 #4 of 85 5 #81 of 85 27 #62 of 85
Overall 68 22 61
  • ZBRA ranked among 121 companies in Computer Hardware
  • INVZ ranked among 121 companies in Computer Hardware
  • BELFA ranked among 121 companies in Computer Hardware

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodZBRAINVZBELFASPY
1 month -11.5%-33.3%-16.5% -1.0%
3 months -9.9%-45.0%-26.0% -0.4%
6 months +44.7%-70.7%-31.6% +4.5%
Year to date +36.9%-74.1%+14.7% +12.4%
1 year +27.7%-86.4%+29.4% +13.6%
3 years +55.1%-86.3%+238.2% +76.4%
3 years, per year +15.8%-48.4%+50.2% +20.8%
5 years -45.3%-95.3%+1,023.1% +63.7%
5 years, per year -11.4%-45.7%+62.3% +10.4%
10 years +427.9%—+769.6% +267.7%
10 years, per year +18.1%—+24.2% +13.9%

Risk

MeasureZBRAINVZBELFASPY
Volatility, 1Y 46.3%88.4%59.9% 12.8%
Downside volatility, 1Y 40.1%93.0%69.4% 12.7%
Beta vs S&P 500, 1Y 1.652.162.07 1.00
Return / volatility, 1Y 0.60-0.980.49 1.06
Max drawdown, 5Y -67.8%-97.1%-44.8% -25.4%
From 52-week high -15.0%-87.0%-40.2% -1.6%
52-week high $391.00$1.69$291.23 $779.14
52-week low $199.30$0.21$114.02 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleZBRAINVZBELFA
P/E now vs peer median 26.1xmedian 28.1x -0.5xmedian 28.1x 43.6xmedian 28.1x
P/S now vs peer median 2.5xmedian 2.6x 0.9xmedian 2.6x 2.7xmedian 2.6x
EV/EBITDA now vs peer median 15.8xmedian 18.4x -0.3xmedian 18.4x 11.6xmedian 18.4x
P/FCF now vs peer median 15.8xmedian 26.6x -0.9xmedian 26.6x 26.5xmedian 26.6x
P/B now vs peer median 4.4xmedian 2.8x 1.0xmedian 2.8x 2.3xmedian 2.8x
PEG now vs peer median 2.25median 1.11 -0.02median 1.11 -2.98median 1.11

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsZBRAINVZBELFA
Revenue $6.14B $53.17M $785.62M
Gross profit $3.00B $3.48M $313.22M
Operating income $912.00M -$81.62M $127.41M
Net income $602.00M -$81.40M $93.79M
Free cash flow $988.00M -$50.21M $81.06M
R&D $634.00M $56.95M $34.33M
EPS (diluted) $12.59 $-0.41 $4.00
Cash & equivalents $182.00M $25.73M $333.12M
Total debt $2.57B – –
Shares (diluted) 47.81M 199.90M 14.44M
Enterprise value $14.73B -$25.93M $1.47B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricZBRAINVZBELFA
P/E 26.1x -0.5x 43.6x
P/FCF 15.8x -0.9x 26.5x
P/Operating cash flow 14.7x -0.9x 22.5x
P/S 2.5x 0.9x 2.7x
P/B 4.4x 1.0x 2.3x
P/Tangible book 5.4x 1.0x 3.0x
EV/EBITDA 15.8x -0.3x 11.6x
EV/EBIT 19.8x -0.3x 14.2x
EV/Revenue 2.9x 0.4x 2.3x
EV/FCF 18.3x -0.4x 22.4x
EV/Operating cash flow 16.9x -0.4x 19.0x
PEG (3Y EPS CAGR) 2.25 -0.02 -2.98

Growth

14 metrics
MetricZBRAINVZBELFA
Revenue growth (1Y) 16.9% 41.1% 21.0%
Revenue CAGR (3Y) 6.5% 120.9% 5.5%
Gross profit growth (1Y) 18.1% -61.0% 24.7%
Gross profit CAGR (3Y) 8.4% 31.2% 13.0%
Operating income growth (1Y) 16.0% -6.8% 30.6%
Operating income CAGR (3Y) 11.0% 16.8% 12.4%
Net income growth (1Y) 17.6% -9.2% 26.6%
Net income CAGR (3Y) 9.0% 15.4% 7.3%
EPS growth (1Y) 25.8% 8.7% -22.4%
EPS CAGR (3Y) 11.6% 25.7% -14.6%
Operating cash flow growth (1Y) 23.3% 13.0% 60.8%
Operating cash flow CAGR (3Y) 106.1% 18.3% -0.7%
Free cash flow growth (1Y) 24.7% 11.1% 81.7%
Free cash flow CAGR (3Y) 170.4% 11.3% -1.5%

Profitability

14 metrics
MetricZBRAINVZBELFA
Gross margin 48.9% 6.5% 39.9%
EBITDA margin 18.6% -142.7% 19.9%
Operating margin 14.9% -153.5% 16.2%
Pretax margin 12.2% -152.8% 14.2%
Net margin 9.8% -153.1% 7.3%
FCF margin 16.1% -94.4% 10.3%
Operating cash flow margin 17.4% -97.2% 12.2%
Return on equity 17.2% -150.0% 10.2%
Return on assets 6.9% -67.2% 7.3%
Return on invested capital 11.9% – 11.6%
Return on capital employed 19.3% -103.1% 12.7%
Asset turnover 0.7x 0.4x 0.6x
Cash conversion (OCF / net income) 1.8x 0.6x 1.0x
Stock comp / revenue 2.8% 29.6% 1.3%

Financial Health

11 metrics
MetricZBRAINVZBELFA
Debt / assets 29.1% – –
Debt / equity 0.7x – –
Net debt / EBITDA 2.1x – –
Debt / FCF 2.6x – –
Liabilities / assets 59.5% 59.3% 28.7%
Equity / assets 40.5% 40.7% 71.3%
Interest coverage – – 17.3x
Current ratio 0.6x 1.7x 2.6x
Quick ratio 0.3x 0.9x 1.8x
Cash ratio 0.0x 0.6x 1.2x
Altman Z-score 3.51 -10.95 5.27

Shareholder Returns

7 metrics
MetricZBRAINVZBELFA
Dividend yield – – 0.1%
Net buyback yield 6.0% -35.2% –
Shareholder yield 6.0% -35.2% 0.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusZBRAINVZBELFA
Forward P/E 14.7xFY2026 – 16.8xFY2026
EPS, next fiscal year $22.59FY2026 $-0.31FY2026 $10.39FY2026
EPS growth, next FY +42.6%FY2026 – +46.3%FY2026
EPS growth, the year after -4.5% – +3.6%
Revenue, next fiscal year $6.35BFY2026 $66.93MFY2026 $771.32MFY2026
Revenue growth, next FY +17.7%FY2026 +21.5%FY2026 +14.2%FY2026
Revenue growth, the year after +1.2% +31.4% +9.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersZBRAINVZBELFA
Held by institutions 100.0% 16.4% 63.1%
Institutions holding 646 95 110
Change in shares held, QoQ +4.5% -19.4% +14.8%
Institutions buying 309 36 70
Institutions selling 242 23 30
Buyers to sellers 1.28 1.57 2.33

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ZBRAINVZBELFA
ZBRA 1.00 0.14 0.28
INVZ 0.14 1.00 0.25
BELFA 0.28 0.25 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, ZBRA, INVZ and BELFA?

Zebra Technologies (ZBRA) is the largest by market capitalisation: Zebra Technologies (ZBRA) $15.31B, Innoviz Technologies (INVZ) $39.52M, Bel Fuse (BELFA) $2.22B.

Which stock is cheaper, ZBRA, INVZ and BELFA?

Zebra Technologies (ZBRA) trades on the lowest price-to-earnings ratio (Zebra Technologies (ZBRA) 25.4x, Innoviz Technologies (INVZ) -0.5x, Bel Fuse (BELFA) 38.5x). On next year's consensus earnings, Zebra Technologies (ZBRA) is cheapest (Zebra Technologies (ZBRA) 14.7x, Bel Fuse (BELFA) 16.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Innoviz Technologies (INVZ) grew revenue fastest over the trailing twelve months: Zebra Technologies (ZBRA) +16.9%, Innoviz Technologies (INVZ) +41.1%, Bel Fuse (BELFA) +21.0%.

Which company is more profitable?

Zebra Technologies (ZBRA) has the highest net margin (Zebra Technologies (ZBRA) 9.8%, Innoviz Technologies (INVZ) -153.1%, Bel Fuse (BELFA) 7.3%). On return on invested capital, Zebra Technologies (ZBRA) leads (Zebra Technologies (ZBRA) 11.9%, Bel Fuse (BELFA) 11.6%).

Which stock has performed better?

Over the past year Bel Fuse (BELFA) returned the most: Zebra Technologies (ZBRA) +27.7%, Innoviz Technologies (INVZ) -86.4%, Bel Fuse (BELFA) +29.4%. Over five years, Bel Fuse (BELFA) compounded fastest (Zebra Technologies (ZBRA) -11.4%/yr, Innoviz Technologies (INVZ) -45.7%/yr, Bel Fuse (BELFA) +62.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Zebra Technologies (ZBRA) has been the steadiest (Zebra Technologies (ZBRA) 46.3%, Innoviz Technologies (INVZ) 88.4%, Bel Fuse (BELFA) 59.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ZBRA, INVZ and BELFA?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Zebra Technologies (ZBRA) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.