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Zebra Valuation Multiples
Discover revenue and EBITDA valuation multiples for Zebra and similar public comparables like QuantumCTek, HGTECH, Onto Innovation, Jiangsu Zhongtian Tech Co. and more.
Zebra Overview
About Zebra
Zebra Technologies is a leading provider of automatic identification and data capture technology to enterprises. Its solutions include barcode printers and scanners, mobile computers, and workflow optimization software. The firm primarily serves the retail, transportation logistics, manufacturing, and healthcare markets, designing custom solutions to improve efficiency at its customers.
Founded
1991
HQ

Employees
10.7K
Website
Financials (LTM)
EV
$14B
Zebra Financials
Zebra reported last 12-month revenue of $6B and EBITDA of $1B.
In the same LTM period, Zebra generated $3B in gross profit, $1B in EBITDA, and $455M in net income.
Revenue (LTM)
Zebra P&L
In the most recent fiscal year, Zebra reported revenue of $5B and EBITDA of $1B.
Zebra expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 48% | XXX | 48% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $455M | XXX | $419M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Zebra Stock Performance
Zebra has current market cap of $11B, and enterprise value of $14B.
Market Cap Evolution
Zebra's stock price is $231.42.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $14B | $11B | 0.0% | XXX | XXX | XXX | $8.52 |
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Start Free TrialZebra Valuation Multiples
Zebra trades at 2.5x EV/Revenue multiple, and 11.6x EV/EBITDA.
EV / Revenue (LTM)
Zebra Financial Valuation Multiples
As of March 7, 2026, Zebra has market cap of $11B and EV of $14B.
Equity research analysts estimate Zebra's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Zebra has a P/E ratio of 25.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV/Revenue | 2.5x | XXX | 2.6x | XXX | XXX | XXX |
| EV/EBITDA | 11.6x | XXX | 11.9x | XXX | XXX | XXX |
| EV/EBIT | 12.4x | XXX | 12.7x | XXX | XXX | XXX |
| EV/Gross Profit | 5.3x | XXX | 5.4x | XXX | XXX | XXX |
| P/E | 25.0x | XXX | 27.2x | XXX | XXX | XXX |
| EV/FCF | 16.5x | XXX | 16.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Zebra Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Zebra Margins & Growth Rates
Zebra's revenue in the last 12 month grew by 10%.
Zebra's revenue per employee in the last FY averaged $0.5M.
Zebra's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Zebra's rule of X is 47% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Zebra Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 13% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 32% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 47% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 12% | XXX | 12% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 8% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 11% | XXX | 11% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 33% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Zebra Public Comps
See public comps and valuation multiples for other Computer Hardware and Networking Hardware comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| QuantumCTek | XXX | XXX | XXX | XXX | XXX | XXX |
| HGTECH | XXX | XXX | XXX | XXX | XXX | XXX |
| Onto Innovation | XXX | XXX | XXX | XXX | XXX | XXX |
| Jiangsu Zhongtian Tech Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| Fuji Electric Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Zebra M&A Activity
Zebra acquired XXX companies to date.
Last acquisition by Zebra was on XXXXXXXX, XXXXX. Zebra acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Zebra
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialZebra Investment Activity
Zebra invested in XXX companies to date.
Zebra made its latest investment on XXXXXXXX, XXXXX. Zebra invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Zebra
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Zebra
| When was Zebra founded? | Zebra was founded in 1991. |
| Where is Zebra headquartered? | Zebra is headquartered in United States. |
| How many employees does Zebra have? | As of today, Zebra has over 10K employees. |
| Who is the CEO of Zebra? | Zebra's CEO is William J. Burns. |
| Is Zebra publicly listed? | Yes, Zebra is a public company listed on Nasdaq. |
| What is the stock symbol of Zebra? | Zebra trades under ZBRA ticker. |
| When did Zebra go public? | Zebra went public in 1991. |
| Who are competitors of Zebra? | Zebra main competitors are QuantumCTek, HGTECH, Onto Innovation, Jiangsu Zhongtian Tech Co.. |
| What is the current market cap of Zebra? | Zebra's current market cap is $11B. |
| What is the current revenue of Zebra? | Zebra's last 12 months revenue is $6B. |
| What is the current revenue growth of Zebra? | Zebra revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Zebra? | Current revenue multiple of Zebra is 2.5x. |
| Is Zebra profitable? | Yes, Zebra is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Zebra? | Zebra's last 12 months EBITDA is $1B. |
| What is Zebra's EBITDA margin? | Zebra's last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of Zebra? | Current EBITDA multiple of Zebra is 11.6x. |
| What is the current FCF of Zebra? | Zebra's last 12 months FCF is $847M. |
| What is Zebra's FCF margin? | Zebra's last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Zebra? | Current FCF multiple of Zebra is 16.5x. |
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