Zebra Technologies (ZBRA) FCF Margin (2009 - 2026)
Zebra Technologies' (ZBRA) quarterly FCF Margin came in at 10.9% in Q2 2026, down 118.0% YoY from 60.57% in Q2 2025, and down 50.82% on a QoQ basis from 22.17% in Q4 2025.
Zebra Technologies (ZBRA) FCF Margin (2009 - 2026) Analysis & Trends
Zebra Technologies (ZBRA) has 18 years of FCF Margin data on file, last reported at 10.9% in 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 retreated to 10.9% in Q2 2026, from 22.17% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 22.84% in Q2 2024 to a low of 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 sank 1637 bps — and 2024, when it soared 2720 bps.
- Tracing ZBRA's FCF Margin over 5 years: stood at 16.17% in 2022, then tumbled by 37 bps to 10.11% in 2023, then jumped by 114 bps to 21.59% in 2024, then grew by 3 bps to 22.17% in 2025, then plunged by 51 bps to 10.9% in 2026.
- The last three FCF Margin figures came in at 10.9% (Q2 2026), 22.17% (Q4 2025), and 16.36% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 21.10% |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 7.74% |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 13.21% |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 9.78% |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | - |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 13.92% |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 20.58% |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | 12.01% |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | -2,204.22% |
| 10 | Zebra Technologies | 17.79 Bn | 17.63 Bn | 825.00 Mn | 12.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 4, 2026 | 12.72% |
| 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% |