ZEBRA TECHNOLOGIES CORP (ZBRA) closed fiscal year 2025 with a gross margin of 48.1 % and a net margin of 7.8 %.
ZEBRA TECHNOLOGIES CORP (ZBRA) closed fiscal year 2025 with a gross margin of 48.1 % and a net margin of 7.8 %. The same year shows an EBITDA margin of 16.4 % and an EBIT margin of 13.0 %. The free cash flow margin was 15.4 %. Against the previous year the gross margin moved −0.4 pp and the net margin −2.8 pp. Across the period the gross margin ranges between 43.0 % in 2009 and 49.5 % in 2011. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 49.07 % | 43.01 % | 47.05 % | 49.49 % | 49.35 % | 48.46 % | 46.56 % | 45.04 % | 45.94 % | 45.94 % | 46.97 % | 46.82 % | 45.03 % | 46.70 % | 45.39 % | 46.31 % | 48.44 % | 48.05 % |
| EBITDA margin (%) | 2.38 % | 13.97 % | 20.06 % | 20.95 % | 19.13 % | 18.50 % | 10.17 % | 9.78 % | 10.74 % | 15.72 % | 18.61 % | 19.33 % | 17.92 % | 20.72 % | 12.68 % | 14.33 % | 18.35 % | 16.40 % |
| EBIT margin (%) | -1.57 % | 9.52 % | 16.57 % | 18.51 % | 16.50 % | 15.41 % | 5.33 % | 1.01 % | 2.24 % | 8.65 % | 14.46 % | 15.43 % | 14.64 % | 17.40 % | 9.15 % | 10.49 % | 14.90 % | 12.97 % |
| Net margin (%) | -3.93 % | 6.38 % | 11.38 % | 17.76 % | 12.34 % | 12.91 % | 1.92 % | -4.33 % | -3.83 % | 0.46 % | 9.98 % | 12.13 % | 11.33 % | 14.87 % | 8.01 % | 6.46 % | 10.60 % | 7.77 % |
| FCF margin (%) | 9.97 % | 10.94 % | 12.42 % | 5.23 % | 16.15 % | 16.84 % | 12.51 % | 0.00 % | 8.48 % | 11.50 % | 17.09 % | 13.91 % | 20.12 % | 17.95 % | 7.14 % | -1.99 % | 19.15 % | 15.40 % |
