Zebra Technologies Corporation (ZBRA) - Net Assets
Based on the latest financial reports, Zebra Technologies Corporation (ZBRA) has net assets worth $3.59 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.50 Billion) and total liabilities ($4.91 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Zebra Technologies Corporation (ZBRA) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.59 Billion |
| % of Total Assets | 42.2% |
| Annual Growth Rate | 17.72% |
| 5-Year Change | 20.24% |
| 10-Year Change | 353.03% |
| Growth Volatility | 29.87 |
Zebra Technologies Corporation - Net Assets Trend (1990–2025)
This chart illustrates how Zebra Technologies Corporation's net assets have evolved over time, based on quarterly financial data. Also explore ZBRA total assets for the complete picture of this company's asset base.
Annual Net Assets for Zebra Technologies Corporation (1990–2025)
The table below shows the annual net assets of Zebra Technologies Corporation from 1990 to 2025. For live valuation and market cap data, see ZBRA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.59 Billion | +0.06% |
| 2024-12-31 | $3.59 Billion | +18.12% |
| 2023-12-31 | $3.04 Billion | +11.09% |
| 2022-12-31 | $2.73 Billion | -8.41% |
| 2021-12-31 | $2.98 Billion | +39.18% |
| 2020-12-31 | $2.14 Billion | +16.59% |
| 2019-12-31 | $1.84 Billion | +37.75% |
| 2018-12-31 | $1.33 Billion | +60.07% |
| 2017-12-31 | $834.00 Million | +5.30% |
| 2016-12-31 | $792.00 Million | -13.24% |
| 2015-12-31 | $912.87 Million | -12.22% |
| 2014-12-31 | $1.04 Billion | +8.48% |
| 2013-12-31 | $958.66 Million | +11.86% |
| 2012-12-31 | $857.00 Million | +10.31% |
| 2011-12-31 | $776.92 Million | +6.42% |
| 2010-12-31 | $730.03 Million | +2.51% |
| 2009-12-31 | $712.13 Million | +0.20% |
| 2008-12-31 | $710.74 Million | -21.26% |
| 2007-12-31 | $902.69 Million | +2.85% |
| 2006-12-31 | $877.68 Million | +3.19% |
| 2005-12-31 | $850.51 Million | +6.63% |
| 2004-12-31 | $797.65 Million | +22.36% |
| 2003-12-31 | $651.91 Million | +22.05% |
| 2002-12-31 | $534.15 Million | +20.03% |
| 2001-12-31 | $445.01 Million | +19.85% |
| 2000-12-31 | $371.29 Million | +6.29% |
| 1999-12-31 | $349.30 Million | +28.94% |
| 1998-12-31 | $270.90 Million | +50.84% |
| 1997-12-31 | $179.60 Million | +27.83% |
| 1996-12-31 | $140.50 Million | +29.85% |
| 1995-12-31 | $108.20 Million | +31.95% |
| 1994-12-31 | $82.00 Million | +35.31% |
| 1993-12-31 | $60.60 Million | +43.60% |
| 1992-12-31 | $42.20 Million | +37.46% |
| 1991-12-31 | $30.70 Million | +157.98% |
| 1990-12-31 | $11.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zebra Technologies Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 44637.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.28 Billion | 147.13% |
| Common Stock | $1.00 Million | 0.03% |
| Other Comprehensive Income | $-18.00 Million | -0.50% |
| Total Equity | $3.59 Billion | 100.00% |
Zebra Technologies Corporation Competitors by Market Cap
The table below lists competitors of Zebra Technologies Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NIO INC. CL. A DL -00025
F:N3I
|
$10.88 Billion |
|
Godaddy Inc
NYSE:GDDY
|
$10.91 Billion |
|
Sichuan Chuantou Energy Co Ltd
SHG:600674
|
$10.92 Billion |
|
Samsara Inc
NYSE:IOT
|
$10.92 Billion |
|
Grupo Aeroportuario del Pacífico S.A.B. de C.V
MX:GAPB
|
$10.87 Billion |
|
Aecom Technology Corporation
NYSE:ACM
|
$10.87 Billion |
|
Jiangsu Yanghe Brewery Joint-Stock Co Ltd
SHE:002304
|
$10.85 Billion |
|
Societatea Nationala de Gaze Naturale Romgaz SA
RO:SNG
|
$10.83 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zebra Technologies Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,586,000,000 to 3,588,000,000, a change of 2,000,000 (0.1%).
- Net income of 419,000,000 contributed positively to equity growth.
- Share repurchases of 587,000,000 reduced equity.
- Other comprehensive income increased equity by 26,000,000.
- Other factors increased equity by 144,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $419.00 Million | +11.68% |
| Share Repurchases | $587.00 Million | -16.36% |
| Other Comprehensive Income | $26.00 Million | +0.72% |
| Other Changes | $144.00 Million | +4.01% |
| Total Change | $- | 0.06% |
Book Value vs Market Value Analysis
This analysis compares Zebra Technologies Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1027.53x to 3.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-12-31 | $0.22 | $227.08 | x |
| 1991-12-31 | $0.57 | $227.08 | x |
| 1992-12-31 | $0.78 | $227.08 | x |
| 1993-12-31 | $1.12 | $227.08 | x |
| 1994-12-31 | $1.52 | $227.08 | x |
| 1995-12-31 | $2.00 | $227.08 | x |
| 1996-12-31 | $2.58 | $227.08 | x |
| 1997-12-31 | $3.29 | $227.08 | x |
| 1998-12-31 | $3.86 | $227.08 | x |
| 1999-12-31 | $4.93 | $227.08 | x |
| 2000-12-31 | $5.30 | $227.08 | x |
| 2001-12-31 | $6.40 | $227.08 | x |
| 2002-12-31 | $7.59 | $227.08 | x |
| 2003-12-31 | $9.12 | $227.08 | x |
| 2004-12-31 | $11.02 | $227.08 | x |
| 2005-12-31 | $11.81 | $227.08 | x |
| 2006-12-31 | $12.37 | $227.08 | x |
| 2007-12-31 | $13.10 | $227.08 | x |
| 2008-12-31 | $11.02 | $227.08 | x |
| 2009-12-31 | $11.98 | $227.08 | x |
| 2010-12-31 | $12.71 | $227.08 | x |
| 2011-12-31 | $14.34 | $227.08 | x |
| 2012-12-31 | $16.53 | $227.08 | x |
| 2013-12-31 | $18.77 | $227.08 | x |
| 2014-12-31 | $20.24 | $227.08 | x |
| 2015-12-31 | $17.90 | $227.08 | x |
| 2016-12-31 | $15.36 | $227.08 | x |
| 2017-12-31 | $15.53 | $227.08 | x |
| 2018-12-31 | $24.61 | $227.08 | x |
| 2019-12-31 | $33.68 | $227.08 | x |
| 2020-12-31 | $39.77 | $227.08 | x |
| 2021-12-31 | $55.36 | $227.08 | x |
| 2022-12-31 | $52.00 | $227.08 | x |
| 2023-12-31 | $58.71 | $227.08 | x |
| 2024-12-31 | $69.12 | $227.08 | x |
| 2025-12-31 | $70.06 | $227.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zebra Technologies Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.68%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.77%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.37x
- Recent ROE (11.68%) is below the historical average (16.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 55.46% | 17.37% | 2.35x | 1.36x | $5.41 Million |
| 1991 | 27.69% | 18.64% | 0.93x | 1.59x | $5.43 Million |
| 1992 | 27.96% | 20.10% | 1.07x | 1.30x | $7.58 Million |
| 1993 | 30.20% | 20.91% | 1.14x | 1.27x | $12.24 Million |
| 1994 | 25.73% | 19.70% | 1.13x | 1.16x | $12.90 Million |
| 1995 | 20.89% | 15.21% | 1.13x | 1.21x | $11.78 Million |
| 1996 | 25.69% | 14.30% | 1.55x | 1.16x | $22.05 Million |
| 1997 | 28.84% | 17.44% | 1.46x | 1.13x | $33.84 Million |
| 1998 | 14.80% | 11.80% | 1.10x | 1.14x | $13.01 Million |
| 1999 | 19.93% | 17.30% | 1.02x | 1.13x | $34.67 Million |
| 2000 | 19.29% | 14.87% | 1.15x | 1.13x | $34.49 Million |
| 2001 | 13.83% | 13.67% | 0.94x | 1.08x | $17.03 Million |
| 2002 | 13.40% | 15.05% | 0.83x | 1.07x | $18.18 Million |
| 2003 | 14.07% | 17.09% | 0.76x | 1.08x | $26.50 Million |
| 2004 | 14.43% | 17.37% | 0.77x | 1.08x | $35.38 Million |
| 2005 | 12.48% | 15.12% | 0.77x | 1.07x | $21.13 Million |
| 2006 | 8.08% | 9.34% | 0.79x | 1.10x | $-16.82 Million |
| 2007 | 12.20% | 12.68% | 0.84x | 1.15x | $19.84 Million |
| 2008 | -5.41% | -3.93% | 1.15x | 1.20x | $-109.49 Million |
| 2009 | 6.61% | 5.86% | 0.97x | 1.17x | $-24.11 Million |
| 2010 | 13.94% | 11.38% | 1.02x | 1.20x | $28.77 Million |
| 2011 | 22.48% | 17.76% | 1.09x | 1.16x | $96.95 Million |
| 2012 | 14.34% | 12.34% | 1.03x | 1.13x | $37.20 Million |
| 2013 | 13.98% | 12.91% | 0.93x | 1.17x | $38.13 Million |
| 2014 | 3.08% | 1.92% | 0.30x | 5.36x | $-71.99 Million |
| 2015 | -17.31% | -4.33% | 0.73x | 5.50x | $-249.29 Million |
| 2016 | -17.30% | -3.83% | 0.77x | 5.85x | $-216.20 Million |
| 2017 | 2.04% | 0.46% | 0.87x | 5.13x | $-66.40 Million |
| 2018 | 31.54% | 9.98% | 0.97x | 3.25x | $287.50 Million |
| 2019 | 29.58% | 12.13% | 0.95x | 2.56x | $360.10 Million |
| 2020 | 23.51% | 11.33% | 0.83x | 2.51x | $289.60 Million |
| 2021 | 28.05% | 14.87% | 0.91x | 2.08x | $538.60 Million |
| 2022 | 16.94% | 8.01% | 0.77x | 2.75x | $189.70 Million |
| 2023 | 9.75% | 6.46% | 0.63x | 2.41x | $-7.60 Million |
| 2024 | 14.72% | 10.60% | 0.63x | 2.22x | $169.40 Million |
| 2025 | 11.68% | 7.77% | 0.63x | 2.37x | $60.20 Million |
Industry Comparison
This section compares Zebra Technologies Corporation's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $185,684,729
- Average return on equity (ROE) among peers: -257.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zebra Technologies Corporation (ZBRA) | $3.59 Billion | 55.46% | 1.37x | $10.88 Billion |
| Applied Opt (AAOI) | $229.11 Million | -81.50% | 1.39x | $2.97 Billion |
| ADTRAN Inc (ADTN) | $479.52 Million | 7.35% | 0.39x | $829.20 Million |
| Airgain Inc (AIRG) | $3.05 Million | 117.49% | 1.86x | $58.36 Million |
| Akoustis Technologies, Inc. (AKTSQ) | $86.24 Million | -73.70% | 0.73x | $138.60K |
| Amplitech Group Inc (AMPG) | $91.07K | -845.48% | 3.88x | $51.62 Million |
| Actelis Networks Inc. (ASNS) | $388.00K | -1620.10% | 27.93x | $725.26K |
| Ast Spacemobile Inc (ASTS) | $669.15 Million | -44.85% | 0.43x | $19.68 Billion |
| Aviat Networks Inc (AVNW) | $111.90 Million | -45.67% | 1.26x | $274.17 Million |
| Belden Inc (BDC) | $244.90 Million | 16.54% | 1.06x | $4.49 Billion |
| BK Technologies Inc (BKTI) | $32.50 Million | -3.38% | 1.43x | $295.52 Million |
About Zebra Technologies Corporation
Zebra Technologies Corporation, together with its subsidiaries, operates in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Connected Frontline, and Asset Visibility and Automation. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card prin… Read more