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

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

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

Zebra Technologies has reported FCF Margin for 18 years, with the latest figure at 10.9% in Q2 2026.

  • For the quarter ending Q2 2026, FCF Margin fell 118.0% year-over-year to 10.9%; the trailing twelve-month figure through Apr 2026 stood at 14.97% (down 460.0% YoY), and the FY2025 full-year result was 15.4%, down 375.0% from the prior year.
  • FCF Margin for Q2 2026 stood at 10.9%, down from 22.17% in the prior quarter.
  • The five-year high for FCF Margin was 22.84% in Q2 2024, with the low at 6.55% in Q2 2023.
  • Historically, FCF Margin has averaged 9.98% across 5 years, with a median of 10.11% in 2023.
  • Annual changes were most pronounced in 2022 — FCF Margin sank 1637 bps — and 2024, when it soared 2720 bps.
  • Zebra Technologies' FCF Margin 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Cisco Systems 480.96 Bn 464.32 Bn 10.08 Bn 21.10%
2 Ciena 69.17 Bn 67.87 Bn 625.52 Mn 10.77%
3 Motorola Solutions 68.03 Bn 67.17 Bn 1.36 Bn 14.33%
4 Hewlett Packard Enterprise 65.63 Bn 60.79 Bn 8.25 Bn 6.55%
5 Lumentum Holdings 61.32 Bn 58.15 Bn 357.00 Mn 9.78%
6 Ubiquiti 34.34 Bn 33.97 Bn 370.71 Mn 19.71%
7 AST SpaceMobile 27.21 Bn 27.79 Bn -69.36 Mn -2,101.51%
8 Applied Optoelectronics 13.45 Bn 13.01 Bn 43.92 Mn -94.99%
9 Zebra Technologies 11.38 Bn 11.26 Bn 742.00 Mn 10.90%
10 Viavi Solutions 10.76 Bn 10.75 Bn 234.10 Mn -7.92%

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%