Zebra Technologies (ZBRA) Return on Invested Capital [ROIC] (2015 - 2026)
Zebra Technologies (ZBRA) posted Return on Invested Capital [ROIC] of 10.59% for Q2 2026, down 0.79 percentage points from 11.38% a year earlier but up 1.81 percentage points from the prior quarter.
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Analysis
Zebra Technologies (ZBRA) Return on Invested Capital [ROIC] (2015 - 2026) Analysis & Trends
For FY2025, Zebra Technologies' Return on Invested Capital [ROIC] came in at 8.84%, down 2.36 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of -9.17 percentage points (FY2020 to FY2025).
- In prior years, Zebra Technologies' Return on Invested Capital [ROIC] was 11.20% in FY2024 (+2.69 pp), 8.52% in FY2023 (-1.80 pp), 10.31% in FY2022 (-12.68 pp) and 22.99% in FY2021 (+4.98 pp).
- Quarterly Return on Invested Capital [ROIC] has run from a low of 6.51% in Q2 2024 to a high of 23.57% in Q3 2021 over five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined in each of the last three quarters, with an average year-over-year change of +0.76 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q3 2021, with a gain of 6.67 percentage points; the weakest was Q3 2022, with a drop of 14.67 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 8.77% (Q1 2026), 8.72% (Q4 2025) and 10.26% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 66.86% |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 15.92% |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 37.37% |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | - |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 73.74% |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 66.09% |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 40.01% |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 12.73% |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | 8.09% |
| 10 | Zebra Technologies | 17.78 Bn | 16.33 Bn | 825.00 Mn | 10.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 4, 2026 | 10.59% |
| Apr 4, 2026 | 8.77% |
| Dec 31, 2025 | 8.72% |
| Sep 27, 2025 | 10.26% |
| Jun 28, 2025 | 11.38% |
| Mar 29, 2025 | 11.24% |
| Dec 31, 2024 | 10.87% |
| Sep 28, 2024 | 9.53% |
| Jun 29, 2024 | 6.51% |
| Mar 30, 2024 | 7.08% |
| Dec 31, 2023 | 8.09% |
| Sep 30, 2023 | 10.62% |
| Jul 1, 2023 | 14.00% |
| Apr 1, 2023 | 9.48% |
| Dec 31, 2022 | 9.41% |
| Oct 1, 2022 | 8.90% |
| Jul 2, 2022 | 10.96% |
| Apr 2, 2022 | 19.91% |
| Dec 31, 2021 | 21.76% |
| Oct 2, 2021 | 23.57% |
API Access
Zebra Technologies Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=ZBRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=ZBRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();