Zebra Technologies (HAM:ZT1A) EBIT: €721 Mil (TTM As of Jun. 2026)

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HAM:ZT1A Zebra Technologies Corp HAM:ZT1A
84 GF Score
Price €298.00
GF Value €299.39
! 9 Warning Signs
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What is Zebra Technologies EBIT?

Zebra Technologies HAM:ZT1A +1.36% 84 EBIT is €721 Mil as of Jun. 2026. GuruFocus rates HAM:ZT1A with a GF Score™ of 84/100 and a GF Value™ of €299.39. The stock has 9 warning signs investors should review.

Zebra Technologies's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2026 was €275 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2026 was €721 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zebra Technologies's annualized ROC % for the quarter that ended in Jun. 2026 was 12.40%. Zebra Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 195.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zebra Technologies's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 4.31%.


Zebra Technologies  (HAM:ZT1A) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Zebra Technologies's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=1131.8388684803 * ( 1 - 18.246% )/( (6570.0399236243 + 8350.3892241755)/ 2 )
=925.32354853737/7460.2145738999
=12.40 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7231.3834403749 - 720.36104842909 - ( 98.941156049297 - max(0, 1530.1162992536 - 1471.0987675751+98.941156049297))
=6570.0399236243

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7554.447651535 - 897.40225662556 - ( 137.32178780723 - max(0, 3496.8949532056 - 1803.5511239395+137.32178780723))
=8350.3892241755

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Zebra Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1100.8767109838/( ( (451.31053636521 + max(79.84724874155, 0)) + (449.57578938161 + max(143.44441528907, 0)) )/ 2 )
=1100.8767109838/( ( 531.15778510676 + 593.02020467068 )/ 2 )
=1100.8767109838/562.08899488872
=195.85 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(636.17427529943 + 600.59017531679 + 109.3560145808) - (720.36104842909 + 376.67071688943 + 169.24145113695)
=79.84724874155

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(865.91445814747 + 641.12656345666 + 110.20729467331) - (897.40225662556 + 388.34951456311 + 188.0521297997)
=143.44441528907

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Zebra Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2026 )
=721.31346696429/16735.179
=4.31 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Zebra Technologies EBIT Related Terms


Zebra Technologies EBIT Historical Data

* Premium members only.

The historical data trend for Zebra Technologies's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Zebra Technologies EBIT Chart

Zebra Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 834.19 574.70 440.29 706.30 591.90

Zebra Technologies Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 143.81 155.74 115.99 174.37 275.22

HAM:ZT1A vs ASTS, VSAT, AAOI: EBIT Comparison

For the Communication Equipment subindustry, Zebra Technologies's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Zebra Technologies EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, Zebra Technologies's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Zebra Technologies's EV-to-EBIT falls into.


HAM:ZT1A
84GF Score
Zebra Technologies Corp HAM:ZT1A
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Zebra Technologies EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €721 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €721 Mil mean?
Zebra Technologies (HAM:ZT1A) has a EBIT of €721 Mil as of Jun. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Zebra Technologies.
Is Zebra Technologies' EBIT too high?
Zebra Technologies' current EBIT is €721 Mil. Overall, Zebra Technologies has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Zebra Technologies' EBIT compare to ASTS and VSAT?
Zebra Technologies' EBIT of €721 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Hardware company?
A good EBIT depends on the Hardware industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Zebra Technologies. Zebra Technologies's current EBIT is €721 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zebra Technologies stock overvalued right now?
Zebra Technologies (HAM:ZT1A) has a current EBIT of €721 Mil. The stock's GF Value™ is €299.39, compared to a current price of €298.00 — trading 0.5% below its estimated fair value. The current EBIT is €721 Mil. Zebra Technologies' overall GF Score™ is 84/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Zebra Technologies (HAM:ZT1A), the current EBIT is €721 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Zebra Technologies (HAM:ZT1A) Overvalued in 2026?

Based on GuruFocus' analysis, Zebra Technologies stock appears to be undervalued. The current stock price of €298.00 is trading 0.5% below its estimated GF Value™ of €299.39.

Key valuation signals for HAM:ZT1A:

  • EBIT: €721 Mil
  • GF Value™: €299.39 vs. price of €298.00 (0.5% below fair value)
  • GF Score™: 84/100 with 9 warning signs

No single metric tells the full story. See the HAM:ZT1A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zebra Technologies Business Description

Address 3 Overlook Point, Lincolnshire, IL, USA, 60069
Zebra Technologies Corp. is a provider of automatic identification and data capture (AIDC) hardware, software, and services. Its product portfolio includes barcode and RFID printers, scanners, mobile computing devices, machine vision systems, and workflow automation software, sold under brands such as Zebra, Motorola (acquired), and Fetch Robotics. The company serves customers in retail and e-commerce, transportation and logistics, manufacturing, healthcare, and public safety, offering solutions that track assets, inventory, and people across supply chains. Zebra generates revenue through hardware sales, software licenses and subscriptions, and a broad range of services including maintenance, repair, managed services, and software support. It operates globally, with significant revenue from North America, Europe, and Asia-Pacific, and sells directly and through a network of channel partners, distributors, and resellers.
84GF Score

Get the complete analysis for HAM:ZT1A

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€298.00
Price
€299.39
GF Value