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| Date | Value |
|---|---|
| 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% |