Zebra Technologies (ZBRA) FCF Margin (2009 - 2026)

Zebra Technologies (ZBRA) posted FCF Margin of 10.9% for Q2 2026, down 50.82% on a QoQ basis from 22.17% in Q4 2025, and down 118.0% year-over-year from 60.57% in Q2 2025.

Zebra Technologies (ZBRA) FCF Margin (2009 - 2026) Analysis & Trends

Zebra Technologies' FCF Margin history runs 18 years deep, the most recent figure standing at 10.9% for Q2 2026.

  • Quarterly FCF Margin fell 118.0% year-over-year to 10.9% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 14.97% (down 460.0% YoY) and the FY2025 annual result came in at 15.4%, down 375.0% from the prior year.
  • FCF Margin was 10.9% for Q2 2026 at Zebra Technologies, down from 22.17% in the prior quarter.
  • Across five years, FCF Margin topped out at 22.84% in Q2 2024 and bottomed at 6.55% in Q2 2023.
  • A 5-year average of 9.98% and a median of 10.11% in 2023 frame the typical range for FCF Margin.
  • Annual changes were most pronounced in 2022 — FCF Margin plunged 1637 bps — and 2024, when it soared 2720 bps.
  • Zebra Technologies' FCF Margin stood at 16.17% in 2022, then sank by 37 bps to 10.11% in 2023, then soared by 114 bps to 21.59% in 2024, then rose by 3 bps to 22.17% in 2025, then slumped by 51 bps to 10.9% in 2026.
  • Business Quant data shows ZBRA's FCF Margin at 10.9% in Q2 2026, 22.17% in Q4 2025, and 16.36% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Cisco Systems 446.87 Bn 430.23 Bn 10.08 Bn 21.10%
2 Motorola Solutions 69.94 Bn 69.05 Bn 1.36 Bn 14.33%
3 Hewlett Packard Enterprise 62.40 Bn 57.56 Bn 9.10 Bn 6.55%
4 Ciena 51.78 Bn 50.48 Bn 625.52 Mn 14.91%
5 Lumentum Holdings 50.10 Bn 46.93 Bn 357.00 Mn 9.78%
6 Nokia 48.37 Bn 41.06 Bn 9.86 Bn -
7 Ubiquiti 32.09 Bn 31.72 Bn 370.71 Mn 20.58%
8 Ericsson Lm Telephone 31.68 Bn 26.01 Bn 2.53 Bn 12.01%
9 AST SpaceMobile 16.56 Bn 16.56 Bn 3.67 Mn -2,101.51%
10 Zebra Technologies 12.93 Bn 12.81 Bn 742.00 Mn 10.90%

Historic Data

Download Data
DateValue
Apr 4, 2026 10.90%
Dec 31, 2025 22.17%
Sep 27, 2025 16.36%
Jun 28, 2025 10.05%
Mar 29, 2025 12.08%
Dec 31, 2024 21.59%
Sep 28, 2024 22.07%
Jun 29, 2024 22.84%
Mar 30, 2024 9.45%
Dec 31, 2023 10.11%
Sep 30, 2023 -5.13%
Jul 1, 2023 -4.28%
Apr 1, 2023 -6.55%
Dec 31, 2022 16.17%
Oct 1, 2022 3.41%
Jul 2, 2022 5.65%
Apr 2, 2022 2.79%
Dec 31, 2021 14.45%
Oct 2, 2021 19.78%
Jul 3, 2021 21.79%