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| 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% |