ZBRA
Zebra Technologies Corporation
NasdaqGSUSDEQUITY
Technology
DELAYED
Last price
368.51
▲ 7.99 (2.22%)
MARKET · —
Price
Open
360.52
Prev close
360.52
Day high
371.28
Day low
359.36
Volume
674.91K
Market cap
$17.43B
P/E (TTM)
33.78
52W range
199.05 – 386.23
Trailing performance
Returnvs SPY
1W
-2.00%
-0.6%
1M
+43.42%
+39.7%
3M
+52.11%
+49.0%
6M
+44.28%
+33.2%
YTD
+51.76%
+39.5%
1Y
+20.93%
+0.9%
3Y
+38.57%
-35.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$17.43B
Enterprise value$20.24B
Revenue (TTM)$5.85B
Gross profit$2.90B
EBITDA$1.18B
Net income$539.00M
EPS (TTM)$10.91
Free cash flow$576.75M
Total cash$157.00M
Total debt$2.96B
Book value / share$71.72
Shares outstanding47.31M
Float46.87M
Short % of float6.63%
Dividend yield—
Beta (5Y)1.58
Valuation & profitability ratios
Trailing P/E33.78
Forward P/E16.56
PEG ratio0.68
Price / sales—
Price / book5.14
EV / revenue3.46
EV / EBITDA17.09
Gross margin49.58%
Operating margin21.26%
Profit margin9.22%
Return on equity15.29%
Return on assets7.32%
Debt / equity86.23
Current ratio0.52
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $5.40B | $4.98B | $4.58B | $5.79B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $419.00M | $528.00M | $296.00M | $463.00M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $419.00M | $528.00M | $296.00M | $463.00M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 4.38 | 6.35 | +45.1% |
| Mar 2026 | 4.25 | 4.75 | +11.9% |
| Dec 2025 | 4.33 | 4.33 | -0.1% |
| Sep 2025 | 3.75 | 3.88 | +3.4% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 4.89 | 16 | $1.57B | +18.8% |
| Next quarter | 5.18 | 16 | $1.60B | +8.6% |
| Current year | 21.12 | 16 | $6.22B | +15.3% |
| Next year | 22.25 | 17 | $6.59B | +5.9% |
Analyst targets & ownership
Mean target$405.31
High target$455.00
Low target$292.02
Implied upside9.99%
Analyst count16
ConsensusBUY
Strong buy / Buy3 / 9
Hold5
Sell / Strong sell0 / 0
Held by insiders0.85%
Held by institutions105.98%
Institutions holding951
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+102.97K
Net buying
Buy transactions
31
110.63K shares
Sell transactions
6
7.65K shares
Net transactions
+37
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
403.09K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 10, 26 | CONNLY LINDA Director |
SELL | 500 | $188.84K | Direct |
| Aug 7, 26 | CHO MICHAEL Officer |
SELL | 3.50K | $1.31M | Direct |
| May 26, 26 | LUFF LOIZIDES MELISSA Officer |
SELL | 500 | $126.97K | Direct |
| May 19, 26 | MILLER KENNETH BRADLEY Director |
STOCK | 951 | $235.04K | Direct |
| May 19, 26 | DHANASEKARAN SATISH Director |
STOCK | 951 | $235.04K | Direct |
| May 19, 26 | MODRUSON FRANK BLAISE Director |
STOCK | 951 | $235.04K | Direct |
| May 19, 26 | GUSTAFSSON PER ANDERS Director |
STOCK | 951 | $235.04K | Direct |
| May 19, 26 | CONNORS NELDA J Director |
STOCK | 951 | $235.04K | Direct |
| May 19, 26 | CONNLY LINDA Director |
STOCK | 951 | $235.04K | Direct |
| May 19, 26 | MCDOWELL MARY THERESE Director |
STOCK | 951 | $235.04K | Direct |
| May 19, 26 | MANIRE ROSS WAYNE Director |
STOCK | 951 | $235.04K | Direct |
| May 19, 26 | ROBERTS JANICE M Director |
STOCK | 951 | $235.04K | Direct |
| May 19, 26 | SMITH MICHAEL A Director |
STOCK | 951 | $235.04K | Direct |
| May 14, 26 | ROBERTS JANICE M Director |
SELL | 3.00K | $748.62K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BURNS WILLIAM |
Chief Executive Officer | 75.97K | Conversion of Exercise of derivative security |
CHO MICHAEL |
Officer | 16.59K | Stock Award(Grant) |
GUSTAFSSON PER ANDERS |
Director | 228.44K | Stock Award(Grant) |
HUDSON RICHARD EDWARD |
Officer | 17.30K | Stock Award(Grant) |
KOGL CRISTEN L |
Officer | 43.17K | Conversion of Exercise of derivative security |
MANIRE ROSS WAYNE |
Director | 32.57K | Stock Award(Grant) |
MODRUSON FRANK BLAISE |
Director | 31.67K | Stock Award(Grant) |
SMITH MICHAEL A |
Director | 22.34K | Stock Award(Grant) |
WHITE JOSEPH RAMSEY |
Officer | 25.56K | Conversion of Exercise of derivative security |
WINTERS NATHAN ANDREW |
Chief Financial Officer | 45.98K | Conversion of Exercise of derivative security |
Moving averages & technicals
SMA 10
371.65
-0.85% from price
SMA 20
345.05
+6.80% from price
SMA 50
290.88
+26.69% from price
SMA 100
261.92
+40.70% from price
SMA 200
252.05
+46.21% from price
EMA 12
359.84
+2.41% from price
EMA 26
335.35
+9.89% from price
EMA 50
306.61
+20.19% from price
RSI (14)
68.0
Neutral
MACD (12,26,9)
24.49
Hist -2.51
ATR (14)
16.70
4.53% of price
Realised vol 30D
74.5%
Annualised
Bollinger upper
426.29
20, 2σ
Bollinger lower
263.82
20, 2σ
50 / 200 cross
Golden
290.88 vs 252.05
Trend bias
Above 200
+46.21%
Risk profile
Beta vs SPY
1.81
More volatile than market
Correlation to SPY
0.47
Loosely linked
Realised vol 30D
74.5%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-38.3%
Peak to trough
Max drawdown 5Y
-67.8%
Peak to trough
ATR 14
16.70
4.53% of price
Beta (reported)
1.58
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
2.39
Put-heavy session
Put / call open interest
1.17
Positioning, not flow
Max pain
370.00
+0.4% from spot
ATM implied vol
46.7%
Nearest strike to spot
Skew (10% OTM)
-3.1%
Calls bid over puts
Call volume
111
Contracts, this expiry
Put volume
265
Contracts, this expiry
Heaviest call OI
390.00
285 contracts
Heaviest put OI
370.00
224 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.