Zebra Technologies (ZBRA) Free Cash Flow (2009 - 2026)
Zebra Technologies (ZBRA) posted Free Cash Flow of $198 million for Q2 2026, up 52.3% from $130 million a year earlier and up 21.5% from the prior quarter.
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Analysis
Zebra Technologies (ZBRA) Free Cash Flow (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jul 4, 2026, Free Cash Flow at Zebra Technologies was $904 million, up 6.0% year-over-year; for FY2025, it came in at $831 million, down 12.9% from FY2024.
- Annual Free Cash Flow shows a five-year compound annual growth rate of -1.5% (FY2020 to FY2025).
- In prior years, Zebra Technologies' Free Cash Flow was $954 million in FY2024, -$91 million in FY2023, $413 million in FY2022 (-59.1%) and $1.01 billion in FY2021 (+12.8%).
- Quarterly Free Cash Flow has run from a low of -$92 million in Q1 2023 to a high of $327 million in Q4 2025 over five years.
- On a year-over-year basis, Free Cash Flow has increased in each of the last three quarters, with growth averaging 31.2% over the last seven quarters.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was Q4 2024, with growth of 182.4%; the weakest was Q3 2022, with a decline of 83.5%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was $163 million (Q1 2026), $327 million (Q4 2025) and $216 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | 31.91 Bn |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 5.00 Bn |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | 986.00 Mn |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | 1.05 Bn |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | 7.08 Bn |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | 1.12 Bn |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 1.28 Bn |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 1.24 Bn |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | 196.20 Mn |
| 10 | Zebra Technologies | 17.66 Bn | 16.21 Bn | 825.00 Mn | 198.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 4, 2026 | 198.00 Mn |
| Apr 4, 2026 | 163.00 Mn |
| Dec 31, 2025 | 327.00 Mn |
| Sep 27, 2025 | 216.00 Mn |
| Jun 28, 2025 | 130.00 Mn |
| Mar 29, 2025 | 158.00 Mn |
| Dec 31, 2024 | 288.00 Mn |
| Sep 28, 2024 | 277.00 Mn |
| Jun 29, 2024 | 278.00 Mn |
| Mar 30, 2024 | 111.00 Mn |
| Dec 31, 2023 | 102.00 Mn |
| Sep 30, 2023 | -49.00 Mn |
| Jul 1, 2023 | -52.00 Mn |
| Apr 1, 2023 | -92.00 Mn |
| Dec 31, 2022 | 243.00 Mn |
| Oct 1, 2022 | 47.00 Mn |
| Jul 2, 2022 | 83.00 Mn |
| Apr 2, 2022 | 40.00 Mn |
| Dec 31, 2021 | 212.00 Mn |
| Oct 2, 2021 | 284.00 Mn |
API Access
Zebra Technologies Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=ZBRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "ZBRA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=ZBRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();