ZBRA (Zebra Technologies) EBIT: $684 Mil (TTM As of Mar. 2026)


ZBRA Zebra Technologies Corp ZBRA
80 GF Score
Price $247.89
GF Value $334.13
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Zebra Technologies EBIT?

Zebra Technologies ZBRA +4.16% 80 EBIT is $684 Mil as of Mar. 2026. GuruFocus rates ZBRA with a GF Score™ of 80/100 and a GF Value™ of $334.13 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Zebra Technologies's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $204 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $684 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 Mar. 2026 was 9.63%. Zebra Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 144.30%.

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 Mar. 2026 was 4.70%.


Zebra Technologies  (NAS:ZBRA) 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 Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=896 * ( 1 - 19.16% )/( (7544 + 7506)/ 2 )
=724.3264/7525
=9.63 %

where

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

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

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

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=816/( ( (519 + max(-33, 0)) + (520 + max(92, 0)) )/ 2 )
=816/( ( 519 + 612 )/ 2 )
=816/565.5
=144.30 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(801 + 729 + 110) - (1014 + 446 + 213)
=-33

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(733 + 692 + 126) - (894 + 434 + 131)
=92

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 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: Mar. 2026 )
=684/14542.842
=4.70 %

* 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 973.00 936.00 467.00 733.00 668.00

Zebra Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 188.00 163.00 182.00 135.00 204.00

ZBRA vs VIAV, 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.


ZBRA
80GF Score
Zebra Technologies Corp ZBRA
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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $684 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 $684 Mil mean?
Zebra Technologies (ZBRA) has a EBIT of $684 Mil as of Mar. 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 $684 Mil. Overall, Zebra Technologies has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zebra Technologies' EBIT compare to VIAV and VSAT?
Zebra Technologies' EBIT of $684 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 $684 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?
Based on GuruFocus' analysis, Zebra Technologies (ZBRA) is currently considered Modestly Undervalued. The stock's GF Value™ is $334.13, compared to a current price of $247.89 — trading 25.8% below its estimated fair value. The current EBIT is $684 Mil. Zebra Technologies' overall GF Score™ is 80/100 with 6 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 (ZBRA), the current EBIT is $684 Mil as of Mar. 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 (ZBRA) Overvalued in 2026?

Based on GuruFocus' analysis, Zebra Technologies stock appears to be undervalued. The current stock price of $247.89 is trading 25.8% below its estimated GF Value™ of $334.13. GuruFocus considers Zebra Technologies to be Modestly Undervalued.

Key valuation signals for ZBRA:

  • EBIT: $684 Mil
  • GF Value™: $334.13 vs. price of $247.89 (25.8% below fair value)
  • GF Score™: 80/100 with 6 warning signs

No single metric tells the full story. See the ZBRA 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 is the largest 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.
80GF Score

Get the complete analysis for ZBRA

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

$247.89
Price
$334.13
GF Value