Zebra Technologies (ZBRA) 10-K Summary — Year Ended Dec 31, 2024
Zebra Technologies Corporation reported a revenue increase for the most recent annual period, reversing a prior-year decline. Operating income, net income, and operating cash flow all showed positive results for the year.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Zebra Technologies Corporation reported a revenue increase for the most recent annual period, reversing a prior-year decline. Operating income, net income, and operating cash flow all showed positive results for the year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$5B
Revenue reported for the fiscal year.
Operating income
$742M
Income from operations reported for the year.
Net income
$528M
Net income reported for the year.
Operating cash flow
$1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $5.6B | n/a |
| Dec 31, 2022 | $5.8B | +2.7% |
| Dec 31, 2023 | $4.6B | -20.7% |
| Dec 31, 2024 | $5B | +8.7% |
Business overview
Zebra Technologies Corporation provides enterprise-level hardware, software, and services that enable businesses to track, manage, and optimize their operations. The company's offerings include barcode scanners, mobile computers, printers, RFID solutions, and related software platforms. These products and services are used across industries such as retail, manufacturing, transportation, logistics, and healthcare.
Financial performance
Revenue for the year was reported at a level that represented an increase compared to the prior year, following a decline in the previous period. Operating income and net income were both positive, and operating cash flow was strong. The trend data shows revenue has fluctuated over the past several years, with the most recent year showing a recovery.
Material risks
The filing identifies risk factors in Item 1A, which include potential impacts from economic downturns, supply chain disruptions, cybersecurity threats, and competitive pressures. The company also notes risks related to international operations, regulatory changes, and reliance on key suppliers and partners.
Liquidity and capital
The Liquidity and Capital Resources section discusses the company's cash flow generation and capital allocation activities. The company reported operating cash flow of a significant amount, which supports its ongoing investments and operational needs.
What to watch
Monitor whether the company can sustain its revenue growth trajectory in the next filing, given the prior year's decline and the competitive landscape.