Zebra Technologies Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.40B | $4.98B | $4.58B | $5.78B | $5.63B | $4.45B | $4.49B | $4.22B |
| Product | — | — | $3.45B | $4.72B | $4.64B | $3.49B | $3.60B | $3.43B |
| Service and Software | — | — | $1.13B | $1.07B | $994.0M | $963.0M | $887.0M | $787.0M |
| Cost of Revenue | $2.80B | $2.57B | $2.46B | $3.16B | $3.00B | $2.45B | $2.39B | $2.24B |
| Gross Profit | $2.59B | $2.41B | $2.12B | $2.62B | $2.63B | $2.00B | $2.10B | $1.98B |
| Gross Margin | 48.1% | 48.4% | 46.3% | 45.4% | 46.7% | 45.0% | 46.8% | 47.0% |
| Operating Expenses | ||||||||
| Research & Development | $593.0M | $563.0M | $519.0M | $570.0M | $567.0M | $453.0M | $447.0M | $444.0M |
| SG&A Expense | $433.0M | $381.0M | $334.0M | $375.0M | $348.0M | $304.0M | $323.0M | $328.0M |
| Operating Income | $700.0M | $742.0M | $481.0M | $529.0M | $979.0M | $651.0M | $692.0M | $610.0M |
| Operating Margin | 13.0% | 14.9% | 10.5% | 9.2% | 17.4% | 14.6% | 15.4% | 14.5% |
| Interest Expense | — | — | — | — | $5.0M | $76.0M | $89.0M | $91.0M |
| Pretax Income | $560.0M | $635.0M | $334.0M | $544.0M | $968.0M | $560.0M | $598.0M | $524.0M |
| Income Tax Expense | $141.0M | $107.0M | $38.0M | $81.0M | $131.0M | $56.0M | $54.0M | $103.0M |
| Net Income | $419.0M | $528.0M | $296.0M | $463.0M | $837.0M | $504.0M | $544.0M | $421.0M |
| Net Margin | 7.8% | 10.6% | 6.5% | 8.0% | 14.9% | 11.3% | 12.1% | 10.0% |
| EPS (Basic) | $8.24 | $10.25 | $5.75 | $8.86 | $15.66 | $9.43 | $10.08 | $7.86 |
| EPS (Diluted) | $8.18 | $10.18 | $5.72 | $8.80 | $15.52 | $9.35 | $9.97 | $7.76 |
| Shares Outstanding (Basic) | 50.8M | 51.5M | 51.4M | 52.2M | 53.4M | 53.4M | 54.0M | 53.6M |
| Shares Outstanding (Diluted) | 51.2M | 51.9M | 51.7M | 52.6M | 53.9M | 53.9M | 54.6M | 54.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |