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Zebra TechnologiesZBRA +7.51%80 FCF Margin % is 10.90% as of Mar. 2026, which is 26% below its 10-year median of 14.66. GuruFocus rates ZBRA with a GF Score™ of 80/100 and a GF Value™ of $338.56 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,476 Hardware companies, Zebra Technologies ranks better than 89.18% on this metric.
The historical rank and industry rank for Zebra Technologies's FCF Margin % or its related term are showing as below:
ZBRA'
s FCF Margin % Range Over the Past 10 Years
Min: -1.99 Med: 14.66 Max: 20.12
Current: 14.97
During the past 13 years, the highest FCF Margin % of Zebra Technologies was 20.12%. The lowest was -1.99%. And the median was 14.66%.
ZBRA's FCF Margin % is ranked better than 89.18% of 2476
companies
in the Hardware industry
Industry Median: 0.495
vs ZBRA: 14.97
Zebra Technologies FCF Margin % Related Terms
Zebra Technologies FCF Margin % Historical Data
* Premium members only.
The historical data trend for Zebra Technologies's FCF Margin % 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.
For the Communication Equipment subindustry, Zebra Technologies's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Zebra Technologies's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Zebra Technologies's FCF Margin % falls into.
* 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 (ZBRA) has a FCF Margin % of 10.90% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Zebra Technologies and its competitors. This is 26% below median its historical median of 14.66. According to the industry distribution chart, Zebra Technologies ranks #268 out of 2476 companies in the Hardware industry, placing it in the top 10.8%.
Is Zebra Technologies' FCF Margin % too high?
Zebra Technologies' current FCF Margin % of 10.90% is 26% below median its 10-year median of 14.66. The Hardware industry median FCF Margin % is 0.50. Zebra Technologies' value of 10.90% is 2102% above this industry median. Based on the distribution chart, Zebra Technologies ranks #268 out of 2476 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. 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' FCF Margin % compare to VSAT and VIAV?
According to the Hardware industry distribution chart, Zebra Technologies ranks #268 out of 2476 companies for FCF Margin %. This places Zebra Technologies in the top 11% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 0.50. Zebra Technologies' value of 10.90% is 2102% above this benchmark. While the company's 10-year median is 14.66 vs. the industry median of 0.50, Zebra Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Hardware company?
The median FCF Margin % among Hardware companies is 0.50, based on 2,476 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zebra Technologies's current FCF Margin % of 10.90% is 2102% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Zebra Technologies and its competitors. For the Hardware industry, the median FCF Margin % is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zebra Technologies's current FCF Margin % is 10.90%, which is 26% below median its own 10-year median of 14.66. 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 $338.56, compared to a current price of $284.40 — trading 16% below its estimated fair value. The current FCF Margin % is 10.90%, which is 26% below median its 10-year median of 14.66 and 2102% above the Hardware industry median of 0.50. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Zebra Technologies (ZBRA), the current FCF Margin % is 10.90% 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 $284.40 is trading 16% below its estimated GF Value™ of $338.56.
GuruFocus considers Zebra Technologies to be Modestly Undervalued.
Key valuation signals for ZBRA:
FCF Margin %: 10.90% (26% below median its 10-year median of 14.66)
GF Value™: $338.56 vs. price of $284.40 (16% below fair value)
Industry Position: 2102% above the Hardware median (#268 of 2476)
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 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.
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