Is ZEBRA TECHNOLOGIES CORP financially healthy?

ZEBRA TECHNOLOGIES CORP scores 5 out of 9 on the Piotroski F-score. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of ZEBRA TECHNOLOGIES CORP?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

ZEBRA TECHNOLOGIES CORP (ZBRA)

Nasdaq · Common Stock · General Industrial Machinery & Equipment

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business enterprise

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 9

PASSReturn on assets positiveROA 4.9%
PASSOperating cash flow positiveOCF 917M
FAILReturn on assets improving6.6% → 4.9%
PASSCash flow exceeds earningsOCF 917M vs NI 419M
FAILLong-term debt ratio falling26.3% → 27.8% of assets
FAILCurrent ratio improving1.43 → 0.97
PASSNo share dilution52M → 51M shares
FAILGross margin improving48.4% → 48.1%
PASSAsset turnover improving0.63× → 0.63×

Altman Z-score

4.02safe

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Cash conversion: 218.9%
Share count change: -1.3%

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$4.4B	$504.0M	$895.0M	45.0%	53,913,245
FY2021	$5.6B	$837.0M	$1.0B	46.7%	53,902,430
FY2022	$5.8B	$463.0M	$413.0M	45.4%	52,558,712
FY2023	$4.6B	$296.0M	−$91.0M	46.3%	51,710,962
FY2024	$5.0B	$528.0M	$954.0M	48.4%	51,879,709

Ownership flow

1 institutions tracked — 1 added, 0 reduced.

Institutional holders of ZEBRA TECHNOLOGIES CORP and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	1,351,501	+11,712	$355.2M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $300.0M
2025Q1: $125.0M
2024Q1: $0
2023Q1: $15.0M
2022Q1: $305.0M
2021Q1: $0

Identity

CIK: 0000877212
FIGI: BBG000CC7LQ7
SIC: 3560 · General Industrial Machinery & Equipment
Headquarters: LINCOLNSHIRE, IL
Founded: 1969-01-01

Ownership

Institutional: 105.8%
Institutions: 941
Insiders: 0.9%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other general industrial machinery & equipment companies

ZEBRA TECHNOLOGIES CORP files under SIC 3560 — all 5 general industrial machinery & equipment companies compared on assets and F-score.

Ingersoll Rand Inc.IR ILLINOIS TOOL WORKS INCITW Gates Industrial Corp Ltd.GTES Zurn Elkay Water Solutions CorpZWS

Questions about ZEBRA TECHNOLOGIES CORP

Is ZEBRA TECHNOLOGIES CORP financially healthy?: ZEBRA TECHNOLOGIES CORP scores 5 out of 9 on the Piotroski F-score. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of ZEBRA TECHNOLOGIES CORP?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.