ZBRA Zebra Technologies margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 70

Gross margin

49.6%

Operating margin

14.7%

EBITDA margin

18%

Net margin

9.2%

For the latest period, Zebra Technologies has a gross margin of 49.6%, an operating margin of 14.7%, an EBITDA margin of 18%, and a net margin of 9.2%. Gross margin reported the largest year-over-year gain at 1 percentage points, while net margin reported the largest decline at 1.4 percentage points.

ZBRA margin history

Gross, operating, EBITDA and net margin trends

Zebra Technologies's margins averaged 47.89% gross, 12.96% operating, 16.15% EBITDA, and 8.37% net over the last 3 years. Compared with their three-year averages, all four current margins are higher.

ZBRA margin expansion

Year-over-year margin changes in percentage points

Zebra Technologies's gross margin expanded by 1 percentage point, but operating margin contracted by 0.6 percentage points, EBITDA margin by 0.1 percentage points, and net margin by 1.4 percentage points.

Gross margin expansion

1pp

Operating margin expansion

-0.6pp

EBITDA margin expansion

-0.1pp

Net margin expansion

-1.4pp

ZBRA Gross margin

Reviewing the last 3 years, Zebra Technologies recorded an average gross margin of 47.89%. Zebra Technologies's current gross margin is 49.6% and is 1.7 percentage points above its three-year average. The highest gross margin for Zebra Technologies was 49.6% in Jul 2026, while the lowest was 46.3% in Dec 2023.

ZBRA Operating margin

Over the last 3 years, Zebra Technologies recorded an average operating margin of 12.96%. The current operating margin stands at 14.7%, 1.7 percentage points above its three-year average. The highest operating margin for Zebra Technologies was 15.3% in Jun 2025, while the lowest was 8.9% in Jun 2024.

ZBRA EBITDA margin

The average EBITDA margin for Zebra Technologies was 16.15% across the past 3 years. Right now, the current EBITDA margin for Zebra Technologies is 18%, 1.9 percentage points above its three-year average. The EBITDA margin for Zebra Technologies moved between 12.6% in Jun 2024 and 18.2% in Mar 2025.

ZBRA Net margin

Over the last 3 years, Zebra Technologies's net margin averaged 8.37%. The current net margin of 9.2% is 0.8 percentage points above its three-year average. During this period, net margin reached a high of 10.7% in Mar 2025 and a low of 5.3% in Jun 2024.

ZBRA margin group comparison

Margins compared with peer-group, industry and sector averages

Zebra Technologies's gross margin of 49.6% is above the industry and its peers average but below the Technology sector average. But compared to its Technology sector average of 52.1%, Zebra Technologies's gross margin is only 4.8% lower.

ZBRA margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Zebra Technologies's gross margin?

As of Jul 4, 2026, ZBRA has a gross margin of 49.6%.

What is Zebra Technologies's operating margin?

The current operating margin for ZBRA is 14.7% as of Jul 4, 2026.

What is Zebra Technologies's EBITDA margin?

The current EBITDA margin for ZBRA is 18% as of Jul 4, 2026.

What is Zebra Technologies's net margin?

As of Jul 4, 2026, ZBRA has a net margin of 9.2%.

What are the average margins of ZBRA?

Zebra Technologies's average margins over the last 3 years were 47.9% gross, 13.0% operating, 16.2% EBITDA, and 8.4% net.

What are the highest historical margins of ZBRA?

Across the 5-year period, ZBRA posted its highest margins at 49.6% gross in Jul 2026, 17.4% operating in Dec 2021, 20.6% EBITDA in Dec 2021, and 14.9% net in Dec 2021.

What are the lowest historical margins of ZBRA?

Over the last 5 years, Zebra Technologies's lowest margins were 45.3% gross in Jul 2022, 8.6% operating in Oct 2022, 12.2% EBITDA in Oct 2022, and 5.3% net in Jun 2024.