# ZBRA · Zebra Technologies Corp Snapshot 2026-10-26 · CIK 0000877212 · Nasdaq · General Industrial Machinery & Equipment Price 386.45 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 18.28 B Machine-readable: https://theclaudetrader.com/s/ZBRA.json · index: https://theclaudetrader.com/llms.txt ## Scores ### Graham Defensive: 18.5 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2014–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 22, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham - 1 Adequate size: 5.4 revenue $B · threshold >= 1 · points 5.0/5 - 2a Current ratio: 0.52 · threshold >= 2.0 · points 0.0/15 - 2b Long-term debt vs working capital: None LTD / WC · threshold <= 1.0 · points 0.0/15 - 3 Positive earnings each of 10 years: 9 of 10 · threshold 10 of 10 · points 13.5/15 - 4 Dividends every year for 20 years: 0 of 20 · threshold 20 of 20 · points 0.0/15 - 5 EPS growth, 3-yr avg now vs 10 yrs ago: -1.71 -> 8.03 · threshold >= +33% · points 0.0/10 - 6 P/E on 3-year average EPS: 48.1 · threshold <= 15 · points 0.0/15 - 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 5.32, product 256.3 · threshold <= 1.5 or <= 22.5 · points 0.0/10 Inputs: - Price (close, per traded unit): 386.45 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Revenue: 5396000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - current_assets: 2062000000.0 · 2026-07-04 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - current_liabilities: 3998000000.0 · 2026-07-04 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - lt_debt: 493000000.0 · 2026-07-04 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - equity: 3435000000.0 · 2026-07-04 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - Net income FY2016: -137000000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721219000011/ · unverified - Net income FY2017: 17000000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721220000006/ · unverified - Net income FY2018: 421000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721221000008/ · unverified - Net income FY2019: 544000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721222000026/ · unverified - Net income FY2020: 504000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721223000025/ · unverified - Net income FY2021: 837000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721224000029/ · unverified - Net income FY2022: 463000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721225000027/ · unverified - Net income FY2023: 296000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Net income FY2024: 528000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Net income FY2025: 419000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Dividend years (Yahoo): [] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/ZBRA/history?filter=div · unverified - EPS diluted FY2014: 0.63 · 2014-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/877212/000087721217000009/ · unverified - EPS diluted FY2015: -3.1 · 2015-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/877212/000087721218000011/ · unverified - EPS diluted FY2016: -2.65 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/877212/000087721219000011/ · unverified - EPS diluted FY2023: 5.72 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - EPS diluted FY2024: 10.18 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - EPS diluted FY2025: 8.18 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Shares outstanding: 47310660.0 · 2026-07-28 · SEC cover page 10-Q 0001628280-26-052550 (47,310,660 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/zbra-20260704.htm · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/R1.htm ### Magic Formula: — (insufficient data (invested capital not positive (negative working capital exceeds fixed assets))) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula ### Momentum: 67.6 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum - 12-1 month return: 18.2 % · threshold · points 32.5/50 - 6 month return: 70.3 % · threshold · points 19.0/20 - Price / 52-week high: 0.988 · threshold · points 14.8/15 - Volatility penalty (60d annualised): 54.3 % · threshold · points 1.3/15 Inputs: - Adjusted close series (14 months): 386.45 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · ### Insider: 0.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider - Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold · points 0.0/35 - Distinct buyers: 0 · threshold · points 0.0/25 - Buyer seniority: 0.0 · threshold · points 0.0/20 - Recency (half-life 30d): 0.0 · threshold · points 0.0/10 - Sales penalty (excludes 10b5-1 plan sales): 0.82 bp · threshold · points -6.7/0 Inputs: - Form 4 S Connly Linda 2026-08-10: 188840.0 · 2026-08-10 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/877212/000162828026055740/ - Form 4 S Cho Michael 2026-08-07: 1313200.0 · 2026-08-07 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/877212/000162828026055736/ ### Buffett Quality: 67.9 (ok) · complete: True · missing tests: none · current inputs as of 2026-07-04 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 47, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett - 1 Average return on equity (net income / year-end equity): 20.7% over 8 yrs · threshold >= 15% · points 25.0/25 - 2 Profitable every year: 9 of 10 · threshold all years · points 13.5/15 - 3 Net income growth, 3-yr average now vs start of window: +22.5% a year · threshold >= +10% · points 10.0/10 - 4 Borrowings / 3-yr average earnings (years to repay): 6.7 years · threshold <= 4 · points 4.9/15 - 5 Operating margin, 5-yr average: 13.0% · threshold >= 20% · points 4.2/10 - 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 1.23 · threshold >= 1.0 · points 10.0/10 - 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 3.1% · threshold >= 7% · points 0.3/15 Inputs: - Price (close, per traded unit): 386.45 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Net income FY2018: 421000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721221000008/ · unverified - Equity at FY2018 end: 1335000000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/877212/000087721222000026/ · unverified - Net income FY2019: 544000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721222000026/ · unverified - Equity at FY2019 end: 1839000000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/877212/000087721223000025/ · unverified - Net income FY2020: 504000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721223000025/ · unverified - Equity at FY2020 end: 2144000000.0 · 2020-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/877212/000087721224000029/ · unverified - Net income FY2021: 837000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721224000029/ · unverified - Equity at FY2021 end: 2984000000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/877212/000087721225000027/ · unverified - Net income FY2022: 463000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721225000027/ · unverified - Equity at FY2022 end: 2733000000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Net income FY2023: 296000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Equity at FY2023 end: 3036000000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Net income FY2024: 528000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Equity at FY2024 end: 3586000000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - Net income FY2025: 419000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Equity at FY2025 end: 3588000000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - Net income FY2016: -137000000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721219000011/ · unverified - Net income FY2017: 17000000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721220000006/ · unverified - Net income FY2018: 421000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721221000008/ · unverified - Net income FY2019: 544000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721222000026/ · unverified - Net income FY2020: 504000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721223000025/ · unverified - Net income FY2021: 837000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721224000029/ · unverified - Net income FY2022: 463000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721225000027/ · unverified - Net income FY2023: 296000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Net income FY2024: 528000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Net income FY2025: 419000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - debt_incl_current: 2776000000.0 · 2026-07-04 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - Operating income FY2021: 979000000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721224000029/ · unverified - Revenue FY2021: 5627000000.0 · 2021-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/877212/000087721224000029/ · unverified - Operating income FY2022: 529000000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721225000027/ · unverified - Revenue FY2022: 5781000000.0 · 2022-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/877212/000087721225000027/ · unverified - Operating income FY2023: 481000000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Revenue FY2023: 4584000000.0 · 2023-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Operating income FY2024: 742000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Revenue FY2024: 4981000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Operating income FY2025: 700000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Revenue FY2025: 5396000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Operating cash flow FY2021: 1069000000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/877212/000087721224000029/ · unverified - Capital expenditure FY2021: 59000000.0 · 2021-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/877212/000087721224000029/ · unverified ### Lynch GARP: 19.5 (ok) · complete: True · missing tests: none · current inputs as of 2026-07-04 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 5, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch - 1 PEG: P/E divided by 5-yr EPS growth (in % points): None · threshold <= 1.0 · points 0.0/30 - 2 EPS growth, 5-yr compound rate: -2.6% a year · threshold 12% to 35% a year · points 0.0/20 - 3 P/E on latest annual EPS: 47.2 · threshold <= 25 · points 0.0/10 - 4 Borrowings / equity: 0.81 · threshold <= 0.5 · points 10.4/15 - 5 Years of the last 5 in which EPS rose: 2 of 5 · threshold 5 of 5 · points 6.0/15 - 6 Net cash (cash minus borrowings) / market cap: -14.3% · threshold >= +10% · points 3.1/10 Inputs: - Price (close, per traded unit): 386.45 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - EPS diluted FY2025: 8.18 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - EPS diluted FY2020: 9.35 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/877212/000087721223000025/ · unverified - debt_incl_current: 2776000000.0 · 2026-07-04 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - equity: 3435000000.0 · 2026-07-04 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - cash: 157000000.0 · 2026-07-04 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified ### Graham Enterprising: 15.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-07-04 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 10, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising - 1 Current ratio: 0.52 · threshold >= 1.5 · points 0.0/15 - 2 Borrowings vs working capital: None · threshold <= 1.1x · points 0.0/15 - 3 No earnings deficit in the last 5 years: 5 of 5 profitable · threshold 5 of 5 · points 15.0/15 - 4 Pays a current dividend: no · threshold yes · points 0.0/10 - 5 EPS higher than five years earlier: 9.35 -> 8.18 · threshold higher · points 0.0/10 - 6 Price / book value per share: 5.32 · threshold <= 1.2 · points 0.0/20 - 7 Price / net current asset value per share (current assets minus all liabilities): None · threshold <= 0.67 · points 0.0/15 Inputs: - Price (close, per traded unit): 386.45 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - current_assets: 2062000000.0 · 2026-07-04 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - current_liabilities: 3998000000.0 · 2026-07-04 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - Net income FY2021: 837000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721224000029/ · unverified - Net income FY2022: 463000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000087721225000027/ · unverified - Net income FY2023: 296000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Net income FY2024: 528000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Net income FY2025: 419000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - Dividend years (Yahoo): [] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/ZBRA/history?filter=div - EPS diluted FY2025: 8.18 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - EPS diluted FY2020: 9.35 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/877212/000087721223000025/ · unverified - equity: 3435000000.0 · 2026-07-04 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - Shares outstanding: 47310660.0 · 2026-07-28 · SEC cover page 10-Q 0001628280-26-052550 (47,310,660 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/zbra-20260704.htm · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/R1.htm ### Piotroski F-Score: 55.6 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski - 1 Return on assets is positive: 4.9% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 2 Operating cash flow is positive: 917M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 3 Return on assets improved on the prior year: 6.6% -> 4.9% · threshold pass = 1 · points 0.0/11.11111111111111 - 4 Operating cash flow exceeds net income (accruals): 917M vs 419M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 5 Long-term debt / assets fell: 26.3% -> 27.8% · threshold pass = 1 · points 0.0/11.11111111111111 - 6 Current ratio improved: 1.43 -> 0.97 · threshold pass = 1 · points 0.0/11.11111111111111 - 7 No new shares issued (share count did not rise): 51M -> 47M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 14.9% -> 13.0% · threshold pass = 1 · points 0.0/11.11111111111111 - 9 Asset turnover (revenue / assets) improved: 0.63 -> 0.63 · threshold pass = 1 · points 11.11111111111111/11.11111111111111 Inputs: - net_income 2025-12-31: 419000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - total_assets 2025-12-31: 8502000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - cfo 2025-12-31: 917000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - net_income 2025-12-31: 419000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - net_income 2024-12-31: 528000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - total_assets 2025-12-31: 8502000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - total_assets 2024-12-31: 7968000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - cfo 2025-12-31: 917000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - net_income 2025-12-31: 419000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - lt_debt 2025-12-31: 2361000000.0 · 2025-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - lt_debt 2024-12-31: 2092000000.0 · 2024-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - total_assets 2025-12-31: 8502000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - total_assets 2024-12-31: 7968000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - current_assets 2025-12-31: 1796000000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - current_assets 2024-12-31: 2440000000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - current_liabilities 2025-12-31: 1852000000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - current_liabilities 2024-12-31: 1704000000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - shares_out 2026-07-28: 47310660.0 · 2026-07-28 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - shares_out 2025-07-29: 50845151.0 · 2025-07-29 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/877212/000087721225000131/ · unverified - operating_income 2025-12-31: 700000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - operating_income 2024-12-31: 742000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - revenue 2025-12-31: 5396000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - revenue 2024-12-31: 4981000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - revenue 2025-12-31: 5396000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - revenue 2024-12-31: 4981000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified - total_assets 2025-12-31: 8502000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/ · unverified - total_assets 2024-12-31: 7968000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ · unverified ## Market value, source trail - Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used - Traded price: 386.45 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1 - SEC shares outstanding: 47,310,660 underlying shares, period 2026-07-28, SEC cover page 10-Q 0001628280-26-052550 (47,310,660 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/zbra-20260704.htm, accession 0001628280-26-052550 · https://www.sec.gov/Archives/edgar/data/877212/000162828026052550/R1.htm - Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None - Market value (price date x latest reported shares): 18,283,204,557 USD; 386.45 (price 2026-10-23) / 1 x 47,310,660 (shares at 2026-07-28) = 18,283,204,557 ## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends) - FY2013 (ended 2013-12-31): 1038000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721216000023/ - FY2014 (ended 2014-12-31): 1671000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721217000009/ - FY2015 (ended 2015-12-31): 3650000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721218000011/ - FY2016 (ended 2016-12-31): 3574000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721219000011/ - FY2017 (ended 2017-12-31): 3722000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721220000006/ - FY2018 (ended 2018-12-31): 4218000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721221000008/ - FY2019 (ended 2019-12-31): 4485000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721222000026/ - FY2020 (ended 2020-12-31): 4448000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721223000025/ - FY2021 (ended 2021-12-31): 5627000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721224000029/ - FY2022 (ended 2022-12-31): 5781000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721225000027/ - FY2023 (ended 2023-12-31): 4584000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ - FY2024 (ended 2024-12-31): 4981000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ - FY2025 (ended 2025-12-31): 5396000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ ## Net income by fiscal year (SEC XBRL) - FY2013 (ended 2013-12-31): 134000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721216000023/ - FY2014 (ended 2014-12-31): 32000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721217000009/ - FY2015 (ended 2015-12-31): -158000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721218000011/ - FY2016 (ended 2016-12-31): -137000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721219000011/ - FY2017 (ended 2017-12-31): 17000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721220000006/ - FY2018 (ended 2018-12-31): 421000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721221000008/ - FY2019 (ended 2019-12-31): 544000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721222000026/ - FY2020 (ended 2020-12-31): 504000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721223000025/ - FY2021 (ended 2021-12-31): 837000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721224000029/ - FY2022 (ended 2022-12-31): 463000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000087721225000027/ - FY2023 (ended 2023-12-31): 296000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ - FY2024 (ended 2024-12-31): 528000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ - FY2025 (ended 2025-12-31): 419000000.0 · https://www.sec.gov/Archives/edgar/data/877212/000162828026007668/ ## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets) - FY2013 (ended 2013-12-31): 2.63 [filed 2.63, split factor 1.0] - FY2014 (ended 2014-12-31): 0.63 [filed 0.63, split factor 1.0] - FY2015 (ended 2015-12-31): -3.1 [filed -3.1, split factor 1.0] - FY2016 (ended 2016-12-31): -2.65 [filed -2.65, split factor 1.0] - FY2017 (ended 2017-12-31): 0.32 [filed 0.32, split factor 1.0] - FY2018 (ended 2018-12-31): 7.76 [filed 7.76, split factor 1.0] - FY2019 (ended 2019-12-31): 9.97 [filed 9.97, split factor 1.0] - FY2020 (ended 2020-12-31): 9.35 [filed 9.35, split factor 1.0] - FY2021 (ended 2021-12-31): 15.52 [filed 15.52, split factor 1.0] - FY2022 (ended 2022-12-31): 8.8 [filed 8.8, split factor 1.0] - FY2023 (ended 2023-12-31): 5.72 [filed 5.72, split factor 1.0] - FY2024 (ended 2024-12-31): 10.18 [filed 10.18, split factor 1.0] - FY2025 (ended 2025-12-31): 8.18 [filed 8.18, split factor 1.0] ## Dividend years (Yahoo history) none ## Insider transactions (SEC Form 4 data set, latest 40) - 2026-08-10 S Connly Linda (director) 500 @ 377.68 = 188840 · https://www.sec.gov/Archives/edgar/data/877212/000162828026055740/ - 2026-08-07 S Cho Michael (officer) 3500 @ 375.20 = 1313200 · https://www.sec.gov/Archives/edgar/data/877212/000162828026055736/ - 2026-05-26 S Luff Loizides Melissa (officer) 500 @ 253.95 = 126975 · https://www.sec.gov/Archives/edgar/data/877212/000162828026038811/ - 2026-05-14 S ROBERTS JANICE M (director) 3000 @ 249.54 = 748620 · https://www.sec.gov/Archives/edgar/data/877212/000087721226000007/ ## Links - sec_filings: https://www.sec.gov/edgar/browse/?CIK=0000877212 - sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000877212.json - sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000877212&type=4 - sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000877212&type=8-K - yahoo: https://finance.yahoo.com/quote/ZBRA - stooq: https://stooq.com/q/d/?s=zbra.us - morningstar (link only, nothing stored): https://www.morningstar.com/search?query=ZBRA - finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=ZBRA - stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/zbra/ - seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/ZBRA - openinsider (link only, nothing stored): http://openinsider.com/search?q=ZBRA - google_news (link only, nothing stored): https://news.google.com/rss/search?q=ZBRA+stock Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/ZBRA; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.