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FCF Margin for Zebra Technologies (ZBRA)

As of · Reported

Metric

TTM

15.0%

YoY change

−3.75pp

Trough year (2002)

-4.6%

Peak year (1994)

29.4%

FCF Margin history chart for Zebra Technologies (ZBRA) from 1990 to 2025

Latest: 15.4%

FCF Margin change chart for Zebra Technologies (ZBRA) from 1990 to 2025

Latest: −3.75pp

FCF Margin history table for Zebra Technologies (ZBRA) from 1990 to 2025

  • 202515.4%-3.75pp
  • 202419.2%+21.14pp
  • 2023-2.0%-9.13pp
  • 20227.1%-10.81pp
  • 202117.9%-2.17pp
  • 202020.1%+6.21pp
  • 201913.9%-3.18pp
  • 201817.1%+5.59pp
  • 201711.5%+3.25pp
  • 20168.3%+8.57pp
  • 2015-0.3%-12.83pp
  • 201412.5%-4.16pp
  • 201316.7%+0.87pp
  • 201215.8%+10.57pp
  • 20115.2%-6.65pp
  • 201011.9%+1.88pp
  • 200910.0%+1.51pp
  • 20088.5%-6.62pp
  • 200715.1%+8.41pp
  • 20066.7%-4.44pp
  • 200511.2%-3.18pp
  • 200414.3%-3.59pp
  • 200317.9%+22.52pp
  • 2002-4.6%-5.59pp
  • 20011.0%-24.96pp
  • 200026.0%+23.04pp
  • 19992.9%+1.11pp
  • 19981.8%+5.36pp
  • 1997-3.6%-1.79pp
  • 1996-1.8%-6.76pp
  • 19955.0%-24.43pp
  • 199429.4%+20.73pp
  • 19938.7%-9.20pp
  • 199217.9%-4.70pp
  • 199122.6%+0.48pp
  • 199022.1%—

FCF Margin values are taken from Zebra Technologies's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Zebra Technologies (ZBRA)

According to Zebra Technologies's latest reported financial statements, the company's latest reported free cash flow margin is 15.0%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Zebra Technologies (ZBRA) free cash flow margin totalled 15.40% – contracted 3.8 percentage points year-over-year.

Across the available history, free cash flow margin reached its high of 29.41% in 1994 and its low of -4.60% in 2002.

Zebra Technologies FCF Margin by Year

Zebra Technologies FCF Margin 2025: 15.4%

2025's free cash flow margin for Zebra Technologies came in at 15.40%, contracted 3.8 percentage points from 2024.

Zebra Technologies FCF Margin 2024: 19.2%

Zebra Technologies posted free cash flow margin of 19.15% in 2024, expanded 21.1 percentage points from 2023.

Zebra Technologies FCF Margin 2023: -2.0%

In 2023, Zebra Technologies reported free cash flow margin of -1.99%, contracted 9.1 percentage points from 2022.

Zebra Technologies FCF Margin 2022: 7.1%

Zebra Technologies free cash flow margin in 2022 was 7.14%, contracted 10.8 percentage points from 2021.

Zebra Technologies FCF Margin 2021: 17.9%

Zebra Technologies free cash flow margin in 2021 was 17.95%.

See more financial history for Zebra Technologies (ZBRA).

Sector peers by FCF Margin

Technology peers of Zebra Technologies (ZBRA), ranked by their latest free cash flow margin

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Capital Return

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