ZBRA Zebra Technologies Corporation - Class A Common Stock
About Zebra Technologies Corporation - Class A Common Stock Company overview from Wikipedia
Zebra Technologies Corporation (ZBR), commonly known as Zebra, is an American multinational technology conglomerate corporation, specializing in smart data capture systems.
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Zebra Technologies Corporation (ZBR), commonly known as Zebra, is an American multinational technology conglomerate corporation, specializing in smart data capture systems.
As of 2025, Zebra holds nearly 8,000 patents and patent applications worldwide. Zebra (ZBRA) stock has been listed on the NASDAQ since its initial public offering (IPO) in 1991.
History
20th century
Zebra was incorporated in 1969 as Data Specialties Incorporated, a manufacturer of high-speed electromechanical products. The company changed its focus to specialty on-demand labeling and ticketing systems in 1982 and became Zebra Technologies Corporation in 1986. Zebra became a publicly traded company on the NASDAQ stock exchange in 1991.
In 1986, Zebra (then Data Specialties Incorporated) acquired Qwint Systems.
In 1998, Zebra Technologies merged with Eltron International, Inc.
21st century
In 2000, Comtec Information Systems was acquired by Zebra Technologies, followed in 2003 by the acquisition of Atlantek, Inc., which was a manufacturer of photo ID printers.
In 2004, the company expanded into RFID smart label manufacturing. In the following years, Zebra also acquired Swecoin, WhereNet Corp, Proveo AG, and Navis Holdings (later divested in 2011).
The company bought the Enterprise Solutions Group (ESG) in 2008 and renamed the group Zebra Enterprise Solutions in 2009. In the same year, Multispectral Solutions, Inc. was acquired. In 2012, the companies LaserBand, and StepOne Systems were purchased with a cash price of $1.5 million.
In 2013, the company acquired Hart Systems for $94 million in cash from the private equity firm Topspin Partners LBO.
In 2014, Zebra acquired Motorola Solutions' Enterprise Division in a $3.45 billion transaction, providing mobile computing and advanced data capture communications technologies and services. Zebra's acquisition of the Enterprise Division included the Symbol Technologies and Psion product lines. Also in 2014, Zebra provided its real-time location system (RTLS) in NFL stadiums to track players and officials and provide location-based data for the NFL's Next Gen Stats program. Zebra’s partnership with the NFL extends through the 2025 football season.
In 2018, the company acquired Xplore Technologies, a maker of ruggedized tablets and other hard-wearing hardware.
In 2019, Zebra acquired Temptime Corporation, a provider of temperature monitoring devices to the healthcare industry. That same year, Zebra also acquired Profitect, a retail software company that developed a product line used for tracking and identifying inventory losses.
In 2020, Zebra acquired Reflexis Systems, a provider of workforce scheduling and task management software to the retail, food service, hospitality, and banking industries for $575 Million.
In 2021, Zebra acquired Adaptive Vision (provider of graphical Machine Vision software), Fetch Robotics (manufacturer of autonomous mobile robots) and Antuit.ai (provider of AI-powered SaaS solutions specific to forecasting and merchandising for the retail and CPG industries).
In 2022, Zebra acquired Matrox Imaging, a developer of machine vision components and systems.
In December 2023, Zebra partnered with Verizon Business to create a software package that will allow for a faster private 5G network. Zebra tablets and computers will work on Verizon's private network, allowing for more network capacity and fast communication.
In 2023, Zebra unveiled Zebra Workcloud - its purpose-built suite of enterprise software applications, primarily serving in retail, banking and healthcare industries. Zebra also introduced the WS50 powered by Workcloud, the first wearable Android touch computer.
In August 2025, Zebra announced a $1.3 billion all-cash acquisition of Elo Touch Solutions, a touch screen technology maker.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
ZBRA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
ZBRA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
ZBRA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 6 24.0%
- Buy 12 48.0%
- Hold 7 28.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
16 analysts · 2026-08-21Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $6.35 | $4.44 | 1.9% |
| March 31, 2026 | $4.75 | $4.33 | 0.42% |
| Dec. 31, 2025 | $4.33 | $4.42 | -0.09% |
| Sept. 30, 2025 | $3.88 | $3.83 | 0.05% |
| June 30, 2025 | $3.61 | $3.39 | 0.22% |
| March 31, 2025 | $4.02 | $3.69 | 0.33% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ZBRA | $12.04B | 29.7 | 8.3% | 7.8% | 11.6% | 48.0% |
| KEYS | $36.97B | 37.3 | 8.0% | 15.8% | 15.5% | — |
| TDY | $23.89B | 27.4 | 7.9% | 14.6% | 8.6% | — |
| AEIS | $7.91B | 54.5 | 21.4% | 8.2% | 11.3% | 37.7% |
| CGNX | $6.01B | 52.9 | 8.7% | 11.5% | 7.6% | 66.9% |
| RAL | $5.75B | -4.7 | -4.0% | -59.1% | -52.3% | 50.3% |
| NOVT | $4.24B | 80.9 | 3.3% | 5.5% | 5.2% | 44.4% |
| VNT | $5.29B | 13.5 | 3.2% | 13.2% | 35.4% | — |
| ITRI | $4.17B | 14.3 | -3.0% | 12.7% | 19.4% | 37.7% |
| MIR | — | 212.9 | 7.5% | 3.1% | 1.7% | 47.4% |
| BMI | $6.49B | 36.4 | 10.9% | 15.4% | 20.4% | 41.7% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.40B | $4.98B | $4.58B | $5.78B | $5.63B | $4.45B | $4.49B | $4.22B | $3.72B | $3.57B | $3.65B | $1.67B | |
| Cost of Revenue | $2.80B | $2.57B | $2.46B | $3.16B | $3.00B | $2.44B | $2.38B | $2.24B | $2.01B | $1.93B | $2.01B | $893M | |
| Gross Profit | $2.59B | $2.41B | $2.12B | $2.62B | $2.63B | $2.00B | $2.10B | $1.98B | $1.71B | $1.64B | $1.64B | $778M | |
| R&D Expense | $593M | $563M | $519M | $570M | $567M | $453M | $447M | $444M | $389M | $376M | $394M | $151M | |
| SG&A Expense | $433M | $381M | $334M | $375M | $348M | $304M | $323M | $328M | $301M | $307M | $283M | $138M | |
| Operating Expenses | $1.89B | $1.67B | $1.64B | $2.10B | $1.65B | $1.35B | $1.41B | $1.37B | $1.39B | $1.56B | $1.61B | $689M | |
| Operating Income | $700M | $742M | $481M | $529M | $979M | $651M | $692M | $610M | $322M | $80M | $37M | $89M | |
| Interest Expense | · | · | · | · | $5M | $76M | $89M | $91M | $227M | $193M | $193M | $62M | |
| Other Non-op | $-14M | $-14M | $-12M | $-5M | $-1M | $3M | $1M | $10M | $-6M | $-11M | $-1M | $-1M | |
| Pretax Income | $560M | $635M | $334M | $544M | $968M | $560M | $598M | $524M | $88M | $-129M | $-180M | $17M | |
| Income Tax | $141M | $107M | $38M | $81M | $131M | $56M | $54M | $103M | $71M | $8M | $-22M | $-15M | |
| Net Income | $419M | $528M | $296M | $463M | $837M | $504M | $544M | $421M | $17M | $-137M | $-158M | $32M | |
| EPS (Basic) | $8.24 | $10.25 | $5.75 | $8.86 | $15.66 | $9.43 | $10.08 | $7.86 | $0.33 | $-2.65 | $-3.10 | $0.64 | |
| EPS (Diluted) | $8.18 | $10.18 | $5.72 | $8.80 | $15.52 | $9.35 | $9.97 | $7.76 | $0.32 | $-2.65 | $-3.10 | $0.63 | |
| Shares (Basic) | 50,820,589 | 51,494,957 | 51,378,051 | 52,207,903 | 53,446,399 | 53,441,375 | 53,991,249 | 53,591,655 | 53,021,761 | 51,579,112 | 50,996,297 | 50,789,173 | |
| Shares (Diluted) | 51,212,395 | 51,879,709 | 51,710,962 | 52,558,712 | 53,902,430 | 53,913,245 | 54,594,417 | 54,299,812 | 53,688,832 | 51,579,112 | 50,996,297 | 51,379,698 | |
| EBITDA | $700M | $742M | $481M | $529M | $979M | $651M | $692M | $610M | $322M | $80M | $37M | $89M |
Balance Sheet 31
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $125M | $901M | $137M | $105M | $332M | $168M | $30M | $44M | $62M | $156M | $192M | $394M | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | · | $0 | $24M | |
| Receivables | $801M | $692M | $521M | $768M | $752M | $508M | $613M | $520M | $479M | $625M | $671M | $671M | |
| Inventory | $729M | $693M | $804M | $860M | $491M | $511M | $474M | $520M | $458M | $345M | $397M | $394M | |
| Prepaid Expense | $110M | $134M | $147M | $124M | $106M | $70M | $46M | $54M | $24M | $64M | $70M | $53M | |
| Other Current Assets | · | · | · | · | · | · | · | $38M | $24M | $41M | $63M | · | |
| Current Assets | $1.80B | $2.44B | $1.67B | $1.88B | $1.69B | $1.27B | $1.20B | $1.16B | $1.06B | $1.22B | $1.33B | $1.67B | |
| PP&E (Net) | $353M | $305M | $309M | $278M | $272M | $274M | $259M | $249M | $264M | $292M | $298M | $255M | |
| PP&E (Gross) | $859M | $781M | $731M | $685M | $645M | $643M | $610M | $546M | $641M | $598M | $554M | $448M | |
| Accum. Depreciation | $506M | $476M | $422M | $407M | $373M | $369M | $351M | $297M | $377M | $306M | $256M | $193M | |
| Goodwill | $4.73B | $3.89B | $3.90B | $3.90B | $3.27B | $2.99B | $2.62B | $2.50B | $2.46B | $2.46B | $2.49B | $2.49B | |
| Intangibles | $809M | $422M | $527M | $630M | $469M | $402M | $275M | $232M | $299M | $480M | $757M | $1.03B | |
| Other Non-current Assets | $237M | $231M | $296M | $276M | $197M | $164M | $126M | $87M | $65M | $67M | $91M | $93M | |
| Total Assets | $8.50B | $7.97B | $7.31B | $7.53B | $6.21B | $5.38B | $4.71B | $4.34B | $4.28B | $4.63B | $5.04B | $5.54B | |
| Accounts Payable | $695M | $633M | $456M | $811M | $700M | $601M | $552M | $552M | $424M | $413M | $289M | $327M | |
| Accrued Liabilities | $558M | $503M | $504M | $744M | $639M | $559M | $379M | $322M | $296M | $323M | $367M | $421M | |
| Current Liabilities | $1.85B | $1.70B | $1.60B | $2.33B | $1.80B | $1.85B | $1.40B | $1.30B | $1.00B | $949M | $895M | $953M | |
| Capital Leases | $157M | $155M | $152M | $139M | $121M | $129M | $100M | $0 | · | · | · | · | |
| Deferred Tax | $32M | $57M | $67M | $75M | $6M | $0 | $0 | $8M | $0 | $3M | $1M | $200M | |
| Other Non-current Liabilities | $116M | $70M | $94M | $108M | $67M | $97M | $67M | $89M | $117M | $116M | $115M | $74M | |
| Total Liabilities | $4.91B | $4.38B | $4.27B | $4.80B | $3.23B | $3.23B | $2.87B | $3.00B | $3.44B | $3.84B | $4.15B | $4.50B | |
| Long-term Debt | $2.50B | $2.17B | $2.22B | $2.02B | $991M | $1.25B | $266M | $1.59B | $2.18B | $2.65B | $3.01B | $3.16B | |
| Total Debt | $2.50B | $2.17B | $2.22B | $2.02B | $991M | $1.25B | $1.28B | $1.59B | $2.23B | $2.65B | $0 | $3.19B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | |
| Paid-in Capital | $814M | $669M | $615M | $561M | $462M | $395M | $339M | $294M | $257M | $210M | $194M | $147M | |
| Retained Earnings | $5.28B | $4.86B | $4.33B | $4.04B | $3.57B | $2.74B | $2.23B | $1.69B | $1.25B | $1.24B | $1.38B | $1.53B | |
| Treasury Stock | $2.49B | $1.90B | $1.86B | $1.80B | $1.02B | $919M | $689M | $613M | $620M | $614M | $631M | $634M | |
| AOCI | $-18M | $-44M | $-54M | $-66M | $-29M | $-69M | $-44M | $-35M | $-52M | $-45M | $-48M | $-9M | |
| Stockholders' Equity | $3.59B | $3.59B | $3.04B | $2.73B | $2.98B | $2.14B | $1.84B | $1.33B | $834M | $792M | $893M | $1.04B | |
| Liabilities + Equity | $8.50B | $7.97B | $7.31B | $7.53B | $6.21B | $5.38B | $4.71B | $4.34B | $4.28B | $4.63B | $5.04B | $5.54B | |
| Shares Outstanding | 49,592,946 | 51,506,059 | 51,378,862 | 51,451,500 | 53,415,275 | 53,462,082 | 54,002,932 | 53,871,184 | 53,236,095 | 52,884,588 | 52,161,851 | 51,654,337 |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $185M | $172M | $176M | $204M | $187M | $146M | $175M | $175M | $263M | $304M | $320M | $81M | |
| Stock-based Comp | $163M | $89M | $55M | $88M | $76M | $51M | $48M | $45M | $35M | $27M | $31M | $20M | |
| Deferred Tax | · | $-94M | $-35M | $-208M | $-68M | $-40M | $-42M | $3M | $-9M | $-43M | $-142M | $-44M | |
| Amort. of Intangibles | $114M | $104M | $104M | $136M | $115M | $78M | $103M | $97M | $184M | $229M | $251M | $54M | |
| Restructuring | $29M | $17M | $98M | $14M | $7M | $11M | $10M | $11M | $16M | $19M | $40M | $6M | |
| Operating Cash Flow | $917M | $1.01B | $-4M | $488M | $1.07B | $962M | $685M | $785M | $478M | $380M | $122M | $248M | |
| CapEx | $86M | $59M | $87M | $75M | $59M | $67M | $61M | $64M | $50M | $77M | $122M | $39M | |
| Investing Cash Flow | $-1.46B | $-57M | $-92M | $-968M | $-546M | $-641M | $-335M | $-137M | $-51M | $-39M | $-148M | · | |
| Debt Issued | $347M | $651M | $440M | $1.28B | $46M | $302M | $637M | $909M | $1.37B | $102M | $0 | $3.19B | |
| Net Debt Issued | $328M | $-43M | $195M | $1.04B | $-257M | $-40M | $-312M | $-657M | $-454M | $102M | $0 | $3.19B | |
| Stock Repurchased | $587M | $47M | $52M | $751M | $57M | $200M | $47M | $0 | $0 | · | $0 | $0 | |
| Net Stock Activity | $-587M | $-47M | $-52M | $-751M | $-57M | $-200M | $-47M | · | · | · | $0 | $0 | |
| Financing Cash Flow | $-239M | $-190M | $117M | $253M | $-371M | $-157M | $-365M | $-661M | $-517M | $-384M | $-161M | · | |
| Net Change in Cash | $-776M | $763M | $21M | $-227M | $152M | $162M | $-14M | $-18M | $-94M | $-36M | $-202M | $331M | |
| Taxes Paid | $134M | $124M | $252M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $831M | $954M | $-91M | $413M | $1.01B | $895M | $624M | $721M | $428M | $295M | $-12M | $209M | |
| Levered FCF | · | · | · | · | $1.01B | $827M | $543M | $648M | $384M | $90M | $-181M | $98M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.0% | 48.4% | 46.3% | 45.4% | 46.7% | 45.0% | 46.8% | 47.0% | 45.9% | 45.9% | 45.0% | 46.6% | |
| Operating Margin | 13.0% | 14.9% | 10.5% | 9.2% | 17.4% | 14.6% | 15.4% | 14.5% | 8.6% | 2.2% | 1.0% | 5.3% | |
| Net Margin | 7.8% | 10.6% | 6.5% | 8.0% | 14.9% | 11.3% | 12.1% | 10.0% | 0.46% | -3.8% | -4.3% | 1.9% | |
| Pretax Margin | 10.4% | 12.8% | 7.3% | 9.4% | 17.2% | 12.6% | 13.3% | 12.4% | 2.4% | -3.6% | -4.9% | 1.0% | |
| EBITDA Margin | 13.0% | 14.9% | 10.5% | 9.2% | 17.4% | 14.6% | 15.4% | 14.5% | 8.6% | 2.2% | 1.0% | 5.3% | |
| ROA | 5.1% | 6.9% | 4.0% | 6.7% | 14.4% | 10.0% | 12.0% | 9.8% | 0.38% | -2.8% | · | 0.97% | |
| ROE | 11.6% | 15.1% | 9.8% | 17.2% | 28.9% | 24.7% | 30.8% | 33.1% | 2.1% | -16.3% | · | 3.2% | |
| ROIC | 8.6% | 10.7% | 8.1% | 9.5% | 21.3% | 17.3% | 20.2% | 16.8% | 2.0% | 2.5% | · | 4.1% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 1.4 | 1.0 | 0.8 | 0.9 | 0.7 | 0.9 | 0.9 | 1.1 | 1.3 | · | 1.7 | |
| Quick Ratio | 0.5 | 0.9 | 0.4 | 0.4 | 0.6 | 0.4 | 0.5 | 0.4 | 0.5 | 0.8 | · | 1.1 | |
| Debt / Equity | 0.7 | 0.6 | 0.7 | 0.7 | 0.3 | 0.6 | 0.7 | 1.2 | 2.7 | 3.3 | · | 3.1 | |
| LT Debt / Equity | 0.7 | 0.6 | 0.7 | 0.7 | 0.3 | 0.4 | 0.6 | 1.1 | 2.6 | 3.3 | · | 3.1 | |
| Interest Coverage | · | · | · | · | 195.8 | 8.6 | 7.8 | 6.7 | 1.4 | 0.4 | 0.2 | 1.6 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | 0.6 | 0.8 | 1.0 | 0.9 | 1.0 | 1.0 | 0.8 | 0.7 | · | 0.5 | |
| Inventory Turnover | 3.9 | 3.4 | 3.0 | 4.7 | 6.0 | 5.0 | 4.8 | 4.6 | 5.0 | 5.2 | · | 3.5 | |
| Receivables Turnover | 7.2 | 8.2 | 7.1 | 7.6 | 8.9 | 7.9 | 7.9 | 8.4 | 6.7 | 5.5 | · | 3.9 |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 8.3% | 8.7% | -20.7% | 2.7% | 26.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -2.3% | -4.0% | 1.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 3.9% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -19.7% | 78.0% | -35.0% | -43.3% | 66.0% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -2.4% | -13.1% | -15.1% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -2.6% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -20.6% | 78.4% | -36.1% | -44.7% | 66.1% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -3.3% | -14.2% | -16.3% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -3.6% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.40B | $4.98B | $4.58B | $5.78B | $5.63B | $4.45B | $4.49B | $4.22B | $3.72B | $3.57B | $3.65B | $1.67B | |
| Net Income TTM | $419M | $528M | $296M | $463M | $837M | $504M | $544M | $421M | $17M | $-137M | $-158M | $32M | |
| Market Cap | $12.04B | $19.89B | $14.04B | $13.19B | $31.79B | $20.55B | $13.79B | $8.58B | $5.53B | $4.54B | · | $4.00B | |
| Enterprise Value | $14.42B | $21.16B | $16.13B | $15.11B | $32.45B | $21.62B | $15.04B | $10.12B | $7.69B | $7.03B | · | $6.77B | |
| P/E | 29.7 | 37.9 | 47.8 | 29.1 | 38.4 | 41.1 | 25.6 | 20.5 | 324.4 | -32.4 | -22.5 | 122.9 | |
| P/S | 2.2 | 4.0 | 3.1 | 2.3 | 5.7 | 4.6 | 3.1 | 2.0 | 1.5 | 1.3 | · | 2.4 | |
| P/B | 3.4 | 5.5 | 4.6 | 4.8 | 10.7 | 9.6 | 7.5 | 6.4 | 6.6 | 5.7 | · | 3.8 | |
| P / Cash Flow | 13.1 | 19.6 | -3510.8 | 27.0 | 29.7 | 21.4 | 20.1 | 10.9 | 11.6 | 12.2 | · | 16.1 | |
| P / FCF | 14.5 | 20.9 | -154.3 | 31.9 | 31.5 | 23.0 | 22.1 | 11.9 | 12.9 | 15.4 | · | 19.1 | |
| EV / EBITDA | 20.6 | 28.5 | 33.5 | 28.6 | 33.1 | 33.2 | 21.7 | 16.6 | 23.9 | 87.8 | · | 76.4 | |
| EV / FCF | 17.4 | 22.2 | -177.2 | 36.6 | 32.1 | 24.2 | 24.1 | 14.0 | 18.0 | 23.8 | · | 32.4 | |
| EV / Revenue | 2.7 | 4.2 | 3.5 | 2.6 | 5.8 | 4.9 | 3.4 | 2.4 | 2.1 | 2.0 | · | 4.1 | |
| Earnings Yield | 3.4% | 2.6% | 2.1% | 3.4% | 2.6% | 2.4% | 3.9% | 4.9% | 0.31% | -3.1% | -4.5% | 0.81% |
Income Statement 16
| Metric | Trend | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.56B | $1.50B | $1.48B | $1.32B | $1.29B | $1.31B | $1.33B | $1.25B | $1.22B | $1.18B | $1.01B | $956M | $1.41B | $1.50B | |
| Cost of Revenue | $732M | $753M | $777M | $686M | $677M | $663M | $686M | $642M | $628M | $612M | $561M | $529M | $738M | $818M | |
| Gross Profit | $825M | $742M | $698M | $634M | $616M | $645M | $648M | $613M | $589M | $563M | $448M | $427M | $667M | $685M | |
| R&D Expense | $159M | $165M | $152M | $146M | $144M | $151M | $138M | $141M | $146M | $138M | $116M | $127M | $146M | $142M | |
| SG&A Expense | $114M | $127M | $109M | $111M | $102M | $111M | $107M | $96M | $97M | $81M | $78M | $88M | $99M | $87M | |
| Operating Expenses | $504M | $527M | $559M | $451M | $433M | $450M | $423M | $422M | $422M | $404M | $374M | $439M | $442M | $425M | |
| Operating Income | $321M | $215M | $139M | $183M | $183M | $195M | $225M | $191M | $167M | $159M | $74M | $-12M | $225M | $260M | |
| Other Non-op | $1M | $-11M | $-1M | $-2M | $-9M | $-2M | $-1M | $-2M | $-8M | $-3M | $-4M | $-2M | $-4M | $-2M | |
| Pretax Income | $285M | $167M | $98M | $159M | $138M | $165M | $208M | $149M | $136M | $142M | $2M | $-24M | $185M | $225M | |
| Income Tax | $52M | $32M | $28M | $58M | $26M | $29M | $45M | $12M | $23M | $27M | $-15M | $-9M | $35M | $39M | |
| Net Income | $233M | $135M | $70M | $101M | $112M | $136M | $163M | $137M | $113M | $115M | $17M | $-15M | $150M | $186M | |
| EPS (Basic) | $4.89 | $2.74 | $1.42 | $1.98 | $2.20 | $2.64 | $3.17 | $2.65 | $2.19 | $2.24 | $0.31 | $-0.28 | $2.92 | $3.57 | |
| EPS (Diluted) | $4.85 | $2.72 | $1.40 | $1.97 | $2.19 | $2.62 | $3.14 | $2.64 | $2.17 | $2.23 | $0.32 | $-0.28 | $2.90 | $3.55 | |
| Shares (Basic) | 47,717,205 | 49,017,288 | -102,284,448 | 50,800,552 | 50,939,474 | 51,365,011 | -102,949,564 | 51,567,216 | 51,489,735 | 51,387,570 | -2,825 | 51,336,645 | 51,420,536 | -179,935 | |
| Shares (Diluted) | 48,129,265 | 49,428,337 | -103,047,547 | 51,171,119 | 51,282,273 | 51,806,550 | -103,659,092 | 51,918,055 | 51,830,245 | 51,790,501 | -6,769 | 51,336,645 | 51,748,069 | -197,919 | |
| EBITDA | $321M | $215M | · | $183M | $183M | $195M | · | $191M | $167M | $159M | · | $-12M | $225M | · |
Balance Sheet 29
| Metric | Trend | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $157M | $114M | $125M | $1.05B | $872M | $879M | $901M | $676M | $411M | $127M | $137M | $61M | $85M | $105M | |
| Receivables | $990M | $733M | $801M | $655M | $634M | $617M | $692M | $642M | $701M | $599M | · | $538M | $736M | · | |
| Inventory | $733M | $692M | $729M | $663M | $686M | $681M | $693M | $639M | $678M | $705M | · | $848M | $835M | · | |
| Prepaid Expense | $126M | $126M | $110M | $99M | $92M | $94M | $134M | $109M | $122M | $160M | · | $162M | $140M | · | |
| Current Assets | $2.06B | $1.70B | $1.80B | $2.58B | $2.33B | $2.29B | $2.44B | $2.13B | $1.95B | $1.63B | · | $1.65B | $1.82B | · | |
| PP&E (Net) | $346M | $350M | $353M | $327M | $314M | $309M | $305M | $302M | $297M | $304M | · | $302M | $280M | · | |
| PP&E (Gross) | · | · | $859M | · | · | · | $781M | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $506M | · | · | · | $476M | · | · | · | · | · | · | · | |
| Goodwill | $4.70B | $4.71B | $4.73B | $3.93B | $3.93B | $3.93B | $3.89B | $3.90B | $3.89B | $3.89B | · | $3.89B | $3.90B | · | |
| Intangibles | $725M | $765M | $809M | $376M | $400M | $423M | $422M | $447M | $476M | $501M | · | $552M | $604M | · | |
| Other Non-current Assets | $239M | $233M | $237M | $217M | $229M | $239M | $231M | $239M | $242M | $312M | · | $329M | $273M | · | |
| Total Assets | $8.64B | $8.33B | $8.50B | $8.07B | $7.94B | $7.90B | $7.97B | $7.69B | $7.49B | $7.26B | · | $7.33B | $7.47B | · | |
| Accounts Payable | $738M | $581M | $695M | $533M | $569M | $559M | $633M | $533M | $551M | $467M | · | $433M | $602M | · | |
| Accrued Liabilities | $506M | $459M | $558M | $497M | $469M | $411M | $503M | $490M | $426M | $437M | · | $528M | $671M | · | |
| Current Liabilities | $4.00B | $1.76B | $1.85B | $1.60B | $1.59B | $1.58B | $1.70B | $1.56B | $1.52B | $1.64B | · | $1.56B | $2.07B | · | |
| Capital Leases | $156M | $158M | $157M | $151M | $152M | $153M | $155M | $162M | $145M | $151M | · | $150M | $157M | · | |
| Deferred Tax | $31M | $32M | $32M | $65M | $58M | $57M | $57M | $66M | $66M | $66M | · | $75M | $75M | · | |
| Other Non-current Liabilities | $133M | $124M | $116M | $76M | $74M | $70M | $70M | $95M | $92M | $111M | · | $92M | $64M | · | |
| Total Liabilities | $5.20B | $4.86B | $4.91B | $4.32B | $4.32B | $4.27B | $4.38B | $4.27B | $4.20B | $4.09B | · | $4.32B | $4.58B | · | |
| Long-term Debt | $2.78B | $2.66B | $2.50B | $2.18B | $2.18B | $2.18B | $2.17B | $2.18B | $2.18B | $2.09B | · | $2.28B | $2.10B | · | |
| Total Debt | · | · | · | $2.17B | $2.17B | $2.17B | · | $2.17B | $2.17B | $2.09B | · | $2.27B | · | · | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | · | |
| Paid-in Capital | $882M | $866M | $814M | $781M | $733M | $719M | $669M | $653M | $633M | $629M | · | $599M | $584M | · | |
| Retained Earnings | $5.65B | $5.41B | $5.28B | $5.21B | $5.11B | $5.00B | $4.86B | $4.70B | $4.56B | $4.45B | · | $4.32B | $4.19B | · | |
| Treasury Stock | $3.06B | $2.79B | $2.49B | $2.18B | $2.15B | $2.02B | $1.90B | $1.87B | $1.85B | $1.86B | · | $1.86B | $1.81B | · | |
| AOCI | $-38M | $-24M | $-18M | $-63M | $-78M | $-65M | $-44M | $-59M | $-52M | $-50M | · | $-44M | $-66M | · | |
| Stockholders' Equity | $3.44B | $3.47B | $3.59B | $3.75B | $3.62B | $3.63B | $3.59B | $3.42B | $3.29B | $3.17B | $3.04B | $3.01B | $2.89B | $2.73B | |
| Liabilities + Equity | $8.64B | $8.33B | $8.50B | $8.07B | $7.94B | $7.90B | $7.97B | $7.69B | $7.49B | $7.26B | · | $7.33B | $7.47B | · | |
| Shares Outstanding | 47,388,936 | 48,383,010 | 49,592,946 | 50,737,475 | 50,836,261 | 51,138,251 | 51,506,059 | 51,542,056 | 51,569,991 | 51,399,968 | 51,378,862 | 51,359,284 | 51,424,969 | 51,451,500 |
Cash Flow 14
| Metric | Trend | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | $56M | $59M | $42M | $43M | $41M | $42M | $45M | $42M | $43M | $44M | $44M | $44M | $46M | |
| Stock-based Comp | · | $58M | $33M | $47M | $32M | $51M | $21M | $20M | $31M | $17M | $16M | $19M | $18M | $18M | |
| Amort. of Intangibles | $37M | $37M | $40M | $25M | $25M | $24M | $24M | $29M | $25M | $26M | $26M | $26M | $26M | $29M | |
| Restructuring | $8M | $8M | $76M | $0 | $0 | $0 | $0 | $4M | $3M | $10M | $16M | $58M | $10M | $10M | |
| Operating Cash Flow | · | $176M | $357M | $235M | $147M | $178M | $306M | $294M | $288M | $125M | $141M | $-35M | $-76M | $267M | |
| CapEx | · | $13M | $30M | $19M | $17M | $20M | $18M | $17M | $10M | $14M | $39M | $14M | $16M | $24M | |
| Investing Cash Flow | · | $-2M | $-1.33B | $-22M | $-17M | $-82M | $-15M | $-17M | $-14M | $-11M | $-43M | $-14M | $-17M | $-27M | |
| Debt Issued | · | $186M | $347M | $0 | $0 | $0 | $0 | $0 | $500M | $151M | $-29M | $101M | $191M | $-101M | |
| Net Debt Issued | · | $149M | · | · | · | $0 | · | · | · | $-133M | · | · | $72M | · | |
| Stock Repurchased | · | $300M | $303M | $34M | $125M | $125M | $31M | $16M | $0 | $0 | $0 | $0 | $15M | $96M | |
| Net Stock Activity | · | $-300M | · | · | · | $-125M | · | · | · | $0 | · | · | $-15M | · | |
| Financing Cash Flow | · | $-185M | $47M | $-29M | $-138M | $-119M | $-63M | $-12M | $9M | $-124M | $-23M | $43M | $70M | $-217M | |
| Net Change in Cash | · | $-11M | $-928M | $181M | $-7M | $-22M | $225M | $265M | $284M | $-11M | $77M | $-7M | $-24M | $25M | |
| Free Cash Flow | · | $163M | · | · | · | $158M | · | · | · | $111M | · | · | $-92M | · |
Profitability 8
| Metric | Trend | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.0% | 49.6% | · | 48.0% | 47.6% | 49.3% | · | 48.8% | 48.4% | 47.9% | · | 44.7% | 47.5% | · | |
| Operating Margin | 20.6% | 14.4% | · | 13.9% | 14.1% | 14.9% | · | 15.2% | 13.7% | 13.5% | · | -1.3% | 16.0% | · | |
| Net Margin | 15.0% | 9.0% | · | 7.6% | 8.7% | 10.4% | · | 10.9% | 9.3% | 9.8% | · | -1.6% | 10.7% | · | |
| Pretax Margin | 18.3% | 11.2% | · | 12.0% | 10.7% | 12.6% | · | 11.9% | 11.2% | 12.1% | · | -2.5% | 13.2% | · | |
| EBITDA Margin | 20.6% | 14.4% | · | 13.9% | 14.1% | 14.9% | · | 15.2% | 13.7% | 13.5% | · | -1.3% | 16.0% | · | |
| ROA | · | · | · | 1.3% | 1.5% | 1.8% | · | 1.8% | 1.5% | 1.6% | · | -0.20% | · | · | |
| ROE | · | · | · | 2.8% | 3.2% | 4.0% | · | 4.3% | 3.6% | 3.8% | · | -0.53% | · | · | |
| ROIC | · | · | · | 2.0% | 2.6% | 2.8% | · | 3.1% | 2.5% | 2.5% | · | -0.14% | · | · |
Liquidity & Solvency 4
| Metric | Trend | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | · | · | 1.6 | 1.5 | 1.4 | · | 1.4 | 1.3 | 1.0 | · | 1.1 | · | · | |
| Quick Ratio | · | · | · | 1.1 | 0.9 | 0.9 | · | 0.8 | 0.7 | 0.4 | · | 0.4 | · | · | |
| Debt / Equity | · | · | · | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.7 | 0.7 | · | 0.8 | · | · | |
| LT Debt / Equity | · | · | · | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.7 | · | · |
Efficiency 3
| Metric | Trend | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.1 | · | · | |
| Inventory Turnover | · | · | · | 1.1 | 1.0 | 1.0 | · | 0.9 | 0.8 | 0.8 | · | 0.6 | · | · | |
| Receivables Turnover | · | · | · | 2.0 | 1.9 | 2.2 | · | 2.1 | 1.8 | 1.8 | · | 1.4 | · | · |
Valuation (TTM) 13
| Metric | Trend | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.67B | $5.42B | · | $5.18B | $5.07B | $4.96B | · | $4.60B | $4.56B | $4.75B | · | $4.95B | $5.68B | · | |
| Net Income TTM | $581M | $484M | · | $486M | $498M | $501M | · | $350M | $357M | $394M | · | $449M | $427M | · | |
| Market Cap | · | · | · | $15.21B | $15.72B | $14.36B | · | $19.00B | $15.93B | $15.49B | · | $12.15B | · | · | |
| Enterprise Value | · | · | · | $16.33B | $17.02B | $15.65B | · | $20.49B | $17.69B | $17.45B | · | $14.36B | · | · | |
| P/E | 22.8 | 21.4 | · | 31.8 | 32.1 | 29.1 | · | 54.5 | 44.8 | 39.5 | · | 27.3 | 39.2 | · | |
| P/S | · | · | · | 2.9 | 3.1 | 2.9 | · | 4.1 | 3.5 | 3.3 | · | 2.5 | · | · | |
| P/B | · | · | · | 4.1 | 4.3 | 4.0 | · | 5.6 | 4.8 | 4.9 | · | 4.0 | · | · | |
| P / Cash Flow | · | · | · | · | · | 80.7 | · | · | · | 124.0 | · | · | · | · | |
| P / FCF | · | · | · | · | · | 90.9 | · | · | · | 139.6 | · | · | · | · | |
| EV / EBITDA | · | · | · | 89.2 | 93.0 | 80.3 | · | 107.3 | 105.9 | 109.8 | · | -1196.7 | · | · | |
| EV / FCF | · | · | · | · | · | 99.1 | · | · | · | 157.2 | · | · | · | · | |
| EV / Revenue | · | · | · | 3.2 | 3.4 | 3.2 | · | 4.5 | 3.9 | 3.7 | · | 2.9 | · | · | |
| Earnings Yield | 4.4% | 4.7% | · | 3.1% | 3.1% | 3.4% | · | 1.8% | 2.2% | 2.5% | · | 3.7% | 2.5% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $5.40B | $4.98B | $4.58B | $5.78B | $5.63B |
| Gross Margin % | 48.0% | 48.4% | 46.3% | 45.4% | 46.7% |
| Operating Margin % | 13.0% | 14.9% | 10.5% | 9.2% | 17.4% |
| Net Income | $419M | $528M | $296M | $463M | $837M |
| Diluted EPS | $8.18 | $10.18 | $5.72 | $8.80 | $15.52 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.7 | 0.6 | 0.7 | 0.7 | 0.3 |
| Current Ratio | 1.0 | 1.4 | 1.0 | 0.8 | 0.9 |
| Quick Ratio | 0.5 | 0.9 | 0.4 | 0.4 | 0.6 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $831M | $954M | $-91M | $413M | $1.01B |
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Institutional owners (13F) 718 filers · $8.0B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 123 (+42 vs prior Q) | 102 (-19 vs prior Q) | 196 (-4 vs prior Q) | 230 (-31 vs prior Q) | +769K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $819,860,614 | 3,114,262 | 10.24% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $702,211,563 | 2,667,369 | 8.77% | Shares |
| STATE STREET CORP | $496,151,379 | 1,884,644 | 6.20% | Shares |
| Alyeska Investment Group, L.P. | $328,674,318 | 1,248,478 | 4.10% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $318,252,162 | 1,208,889 | 3.97% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $313,388,593 | 1,192,719 | 3.91% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $280,818,389 | 1,066,696 | 3.51% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $232,912,440 | 884,724 | 2.91% | Shares |
| MILLENNIUM MANAGEMENT LLC | $216,785,396 | 823,465 | 2.71% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $198,942,615 | 755,689 | 2.48% | Shares |
| Boston Partners | $189,377,130 | 719,354 | 2.36% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $165,472,336 | 628,551 | 2.07% | Shares |
| FMR LLC | $161,459,991 | 613,310 | 2.02% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $160,947,423 | 611,363 | 2.01% | Shares |
| Focus Partners Wealth | $151,346,674 | 574,893 | 1.89% | Shares |
| GOLDMAN SACHS GROUP INC | $147,941,590 | 561,960 | 1.85% | Shares |
| NORGES BANK | $138,972,058 | 527,889 | 1.74% | Shares |
| Fenimore Asset Management Inc | $95,144,007 | 361,407 | 1.19% | Shares |
| Swedbank AB | $94,010,146 | 357,100 | 1.17% | Shares |
| ALLIANCEBERNSTEIN L.P. | $87,103,146 | 416,602 | 1.09% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $84,696,270 | 321,721 | 1.06% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $70,427,315 | 267,520 | 0.88% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $66,318,090 | 251,911 | 0.83% | Shares |
| SUMMITRY LLC | $62,441,833 | 237,187 | 0.78% | Shares |
| Pictet Asset Management Holding SA | $60,621,143 | 230,271 | 0.76% | Shares |
| Woodline Partners LP | $59,526,245 | 226,112 | 0.74% | Shares |
| MORGAN STANLEY | $57,364,788 | 217,901 | 0.72% | Shares |
| SG Capital Management LLC | $56,096,757 | 213,085 | 0.70% | Shares |
| Robeco Institutional Asset Management B.V. | $50,204,998 | 190,705 | 0.63% | Shares |
| RAYMOND JAMES FINANCIAL INC | $49,486,825 | 187,977 | 0.62% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $45,555,368 | 173,043 | 0.57% | Shares |
| Bridgewater Associates, LP | $39,838,609 | 151,328 | 0.50% | Shares |
| SG Capital Management LLC | $39,489,000 | 150,000 | 0.49% | Put option |
| BNP PARIBAS FINANCIAL MARKETS | $39,489,000 | 1,500 | 0.49% | Call option |
| BNP PARIBAS FINANCIAL MARKETS | $39,489,000 | 1,500 | 0.49% | Put option |
| PFA Pension, Forsikringsaktieselskab | $39,462,712 | 149,900 | 0.49% | Shares |
| J. Goldman & Co LP | $37,934,186 | 144,094 | 0.47% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $36,578,924 | 138,946 | 0.46% | Shares |
| LONDON CO OF VIRGINIA | $36,182,197 | 137,425 | 0.45% | Shares |
| Oslo Pensjonsforsikring AS | $33,784,682 | 128,332 | 0.42% | Shares |
| BANK OF AMERICA CORP /DE/ | $32,368,870 | 122,954 | 0.40% | Shares |
| UBS Group AG | $31,273,445 | 118,793 | 0.39% | Shares |
| BLAIR WILLIAM & CO/IL | $30,258,051 | 114,936 | 0.38% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $30,139,627 | 114,485 | 0.38% | Shares |
| Quantinno Capital Management LP | $29,662,929 | 112,675 | 0.37% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $27,037,329 | 102,702 | 0.34% | Shares |
| VANGUARD GROUP INC | $26,790,573 | 110,331 | 0.33% | Shares |
| Vanguard Global Advisers, LLC | $26,258,605 | 99,744 | 0.33% | Shares |
| Swiss National Bank | $25,573,076 | 97,140 | 0.32% | Shares |
| CITADEL ADVISORS LLC | $24,404,202 | 92,700 | 0.30% | Put option |
| BlackRock, Inc. | $24,231,767 | 92,045 | 0.30% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $23,482,792 | 89,200 | 0.29% | Put option |
| RHUMBLINE ADVISERS | $23,136,528 | 87,885 | 0.29% | Shares |
| STRS OHIO | $22,160,700 | 84,178 | 0.28% | Shares |
| Heron Bay Capital Management | $21,218,493 | 80,599 | 0.26% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $21,027,628 | 79,874 | 0.26% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $20,969,712 | 79,654 | 0.26% | Shares |
| Cubist Systematic Strategies, LLC | $20,660,652 | 69,527 | 0.26% | Shares |
| Triodos Investment Management BV | $20,534,280 | 78,000 | 0.26% | Shares |
| BROWN BROTHERS HARRIMAN & CO | $20,224,686 | 76,824 | 0.25% | Shares |
| GOODNOW INVESTMENT GROUP, LLC | $19,765,298 | 75,079 | 0.25% | Shares |
| BARCLAYS PLC | $19,752,923 | 75,032 | 0.25% | Shares |
| California Public Employees Retirement System | $19,564,167 | 74,315 | 0.24% | Shares |
| ZWJ INVESTMENT COUNSEL INC | $19,018,474 | 72,242 | 0.24% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $17,896,830 | 85,598 | 0.22% | Shares |
| Lombard Odier Asset Management (Europe) Ltd | $17,018,706 | 64,646 | 0.21% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $17,013,178 | 64,625 | 0.21% | Shares |
| FIRST TRUST ADVISORS LP | $16,354,545 | 62,124 | 0.20% | Shares |
| Capital Investment Services of America, Inc. | $15,911,171 | 60,439 | 0.20% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $15,876,684 | 60,308 | 0.20% | Shares |
| Thematics Asset Management | $15,805,346 | 53,188 | 0.20% | Shares |
| Impax Asset Management Group plc | $15,137,450 | 57,500 | 0.19% | Shares |
| MCDANIEL TERRY & CO | $15,098,488 | 57,352 | 0.19% | Shares |
| ISTHMUS PARTNERS, LLC | $14,761,778 | 56,073 | 0.18% | Shares |
| Corient Private Wealth LP | $14,294,580 | 54,297 | 0.18% | Shares |
| ROYAL BANK OF CANADA | $13,541,000 | 51,435 | 0.17% | Shares |
| Contour Asset Management LLC | $13,272,779 | 50,417 | 0.17% | Shares |
| Caption Management, LLC | $13,163,000 | 50,000 | 0.16% | Put option |
| ASSETMARK, INC | $12,602,651 | 47,872 | 0.16% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $12,521,435 | 47,563 | 0.16% | Shares |
| Point72 Asset Management, L.P. | $12,260,018 | 46,570 | 0.15% | Shares |
| JANE STREET GROUP, LLC | $12,004,656 | 45,600 | 0.15% | Call option |
| Holocene Advisors, LP | $11,892,244 | 45,173 | 0.15% | Shares |
| PRUDENTIAL FINANCIAL INC | $11,857,757 | 45,042 | 0.15% | Shares |
| BLI - Banque de Luxembourg Investments | $11,771,740 | 45,900 | 0.15% | Shares |
| Medina Value Partners, LLC | $11,632,933 | 44,188 | 0.15% | Shares |
| Gotham Asset Management, LLC | $11,407,319 | 43,331 | 0.14% | Shares |
| Busey Bank | $11,301,871 | 42,930 | 0.14% | Shares |
| Washington Trust Advisors, Inc. | $11,190,919 | 42,509 | 0.14% | Shares |
| STIFEL FINANCIAL CORP | $11,190,404 | 42,507 | 0.14% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $11,165,120 | 42,411 | 0.14% | Shares |
| CITADEL ADVISORS LLC | $11,115,100 | 42,221 | 0.14% | Shares |
| AMERIPRISE FINANCIAL INC | $11,081,404 | 42,093 | 0.14% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $11,064,291 | 42,028 | 0.14% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $10,977,942 | 41,700 | 0.14% | Call option |
| LPL Financial LLC | $10,823,988 | 41,116 | 0.14% | Shares |
| Assenagon Asset Management S.A. | $10,742,061 | 40,804 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $10,731,794 | 40,765 | 0.13% | Shares |
| Ensign Peak Advisors, Inc | $10,667,032 | 40,519 | 0.13% | Shares |
| Oribel Capital Management, LP | $10,398,770 | 39,500 | 0.13% | Shares |
Company insiders 54 insiders · 37 officers · 17 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Bill Burns | Chief Executive Officer | May 7, 2025 M | 46,913 | 0 | 0 | $0 |
| KAPLAN EDWARD L & CAROL K | Chief Executive Officer | Dec. 2, 2005 S | 382,873 | 0 | 0 | $0 |
| Nathan Andrew Winters | Chief Financial Officer | May 5, 2025 F | 15,431 | 0 | 0 | $0 |
| Olivier Leonetti | SVP, Chief Financial Officer | May 11, 2020 M | 6,277 | 0 | 0 | $0 |
| Michael C Smiley | Chief Financial Officer | May 12, 2016 A | 49,817 | 0 | 0 | $0 |
| Charles R Whitchurch | Chief Financial Officer | April 25, 2008 M | 8,547 | 0 | 0 | $0 |
| John Dillon | Division President | Dec. 31, 2007 P | 14,656 | 0 | 0 | $0 |
| Robert John Armstrong Jr | Chief Marketing Officer | Aug. 14, 2025 F | 5,212 | 0 | 0 | $0 |
| Richard Edward Hudson | Chief Revenue Officer | May 5, 2025 F | 6,817 | 0 | 0 | $0 |
| Joseph Ramsey White | Chief Product & Solutions | May 5, 2025 F | 12,142 | 0 | 0 | $0 |
| Tamara Dionne Froese | Chief Supply Chain Officer | May 5, 2025 F | 4,327 | 0 | 0 | $0 |
| Cristen L Kogl | Chief Legal Officer | May 5, 2025 F | 17,258 | 0 | 0 | $0 |
| Jeffrey F Schmitz | Chief People Officer | May 5, 2025 F | 11,255 | 0 | 0 | $0 |
| Colleen M O'Sullivan | Chief Accounting Officer | May 5, 2025 F | 6,460 | 0 | 0 | $0 |
| Joachim Heel | Chief Revenue Officer | May 6, 2023 F | 36,327 | 0 | 0 | $0 |
| Stephen Edgar Williams | Chief Global Ops & Services | Aug. 4, 2022 M | 1,976 | 0 | 0 | $0 |
| Michael H Terzich | SVP, Chief Administrative Ofcr | May 26, 2020 S | 22,266 | 0 | 0 | $0 |
| Holly R Tyson | SVP, Chief HR Officer | April 30, 2020 A | 1,633 | 0 | 0 | $0 |
| Hugh K Gagnier | SVP, Global Supply Chain | Aug. 23, 2018 M | 10,427 | 0 | 0 | $0 |
| KAPUT JIM L | SVP, General Counsel & Secy | Aug. 14, 2018 M | 17,262 | 0 | 0 | $0 |
| Gina Vascsinec | Chief Accounting Officer | May 12, 2016 A | 3,173 | 0 | 0 | $0 |
| Steve Boshold | Acting Chief Accounting Office | Feb. 29, 2016 A | 168 | 0 | 0 | $0 |
| Thomas Joseph Collins | SVP, Supply Chain | May 29, 2015 D | 1,029 | 0 | 0 | $0 |
| Robert Sanders | SVP, General Management | May 15, 2015 A | 5,630 | 0 | 0 | $0 |
| Juliann Larimer | SVP, Chief Marketing Officer | May 15, 2015 A | 5,255 | 0 | 0 | $0 |
| Girish D Rishi | SVP, Enterprise Solutions | April 24, 2015 D | 0 | 0 | 0 | $0 |
| Philip Gerskovich | SVP, New Growth Platforms | Aug. 22, 2014 M | 18,271 | 0 | 0 | $0 |
| Todd R Naughton | VP Finance | Aug. 12, 2014 M | 2,701 | 0 | 0 | $0 |
| Terrance L Collins | SVP, Human Resources | June 20, 2014 F | 642 | 0 | 0 | $0 |
| Gerhard Cless | Executive Vice President | Dec. 20, 2012 S | 67,106 | 0 | 0 | $0 |
| Joanne Townsend | VP Human Resources | Nov. 2, 2012 D | 845 | 0 | 0 | $0 |
| William J Walsh | SVP and GM, ZES | Aug. 31, 2010 M | 18,636 | 0 | 0 | $0 |
| Noel Elfant | VP, General Counsel & Secy | May 7, 2009 A | 11,869 | 0 | 0 | $0 |
| Veraje Anjargolian | VP & General Manager, CPS | Oct. 14, 2008 P | 6,000 | 0 | 0 | $0 |
| Bruce R Ralph | VP, Human Resources | Oct. 20, 2007 F | 3,108 | 0 | 0 | $0 |
| John H Kindsvater | Sr. VP Corporate Development | March 4, 2005 M | 3,021 | 0 | 0 | $0 |
| Michael T Edicola | VP Human Resources | Dec. 23, 2003 M | 0 | 0 | 0 | $0 |
| Janice M Roberts | Director | May 19, 2026 A | 7,134 | 0 | 1 | $-748,620 |
| Mary T Mcdowell | Director | Aug. 7, 2025 A | 569 | 0 | 0 | $0 |
| Satish Dhanasekaran | Director | May 8, 2025 A | 2,356 | 0 | 0 | $0 |
| Kenneth Bradley Miller | Director | May 8, 2025 A | 1,531 | 0 | 0 | $0 |
| Frank Blaise Modruson | Director | May 8, 2025 A | 15,360 | 0 | 0 | $0 |
| Nelda J Connors | Director | May 8, 2025 A | 3,177 | 0 | 0 | $0 |
| Michael A Smith | Director | May 8, 2025 A | 10,695 | 0 | 0 | $0 |
| Ross W Manire | Director | May 8, 2025 A | 15,808 | 0 | 0 | $0 |
| GUSTAFSSON ANDERS | Director | May 8, 2025 A | 208,530 | 0 | 0 | $0 |
| Richard L Keyser | Director | Aug. 7, 2023 P | 18,980 | 0 | 0 | $0 |
| Chirantan Jitendra Desai | Director | May 12, 2022 A | 5,985 | 0 | 0 | $0 |
| Andrew K Ludwick | Director | March 5, 2020 M | 6,715 | 0 | 0 | $0 |
| POTTER ROBERT J | Director | March 26, 2015 G | 1,391 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| ZEBRA TECHNOLOGIES CORPORATION ×4 filings | March 27, 2002 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 136 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| DAT · ProShares Trust | 4.56% | 1,040 NS | May 31, 2026 | N-PORT |
| MAKX · ProShares Trust | 3.20% | 699 NS | May 31, 2026 | N-PORT |
| RSPT · Invesco Exchange-Traded Fund Trust | 2.14% | 350,361 SH | Aug. 20, 2026 | Daily |
| RUNN · Strategic Trust | 1.89% | 26,860 NS | May 31, 2026 | N-PORT |
| SPHB · Invesco Exchange-Traded Fund Trust … | 1.50% | 40,113 SH | Aug. 20, 2026 | Daily |
| ROBO · EXCHANGE TRADED CONCEPTS TRUST | 1.11% | 86,530 NS | April 30, 2026 | N-PORT |
| QQQJ · Invesco Exchange-Traded Fund Trust … | 0.82% | 27,595 SH | Aug. 20, 2026 | Daily |
| HIBL · Direxion Shares ETF Trust | 0.56% | 1,951 NS | April 30, 2026 | N-PORT |
| LCLG · Advisors Series Trust | 0.54% | 2,410 NS | April 30, 2026 | N-PORT |
| ILDR · First Trust Exchange-Traded Fund VI… | 0.51% | 6,048 NS | May 31, 2026 | N-PORT |
| PKW · Invesco Exchange-Traded Fund Trust | 0.51% | 25,345 SH | Aug. 20, 2026 | Daily |
| TMFX · RBB Fund, Inc. | 0.50% | 658 NS | May 31, 2026 | N-PORT |
| FXR · First Trust Exchange-Traded AlphaDE… | 0.46% | 14,251 NS | April 30, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.46% | 6,415 NS | April 30, 2026 | N-PORT |
| ITAN · EA Series Trust | 0.40% | 1,473 NS | May 29, 2026 | N-PORT |
| SZNE · Pacer Funds Trust | 0.33% | 194 NS | April 30, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.31% | 8,629 NS | April 30, 2026 | N-PORT |
| RSP · Invesco Exchange-Traded Fund Trust | 0.30% | 859,516 SH | Aug. 20, 2026 | Daily |
| ISCG · iShares Trust | 0.28% | 7,921 SH | Aug. 20, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.27% | 692,130 SH | Aug. 19, 2026 | Daily |
| ISCB · iShares Trust | 0.26% | 2,161 SH | Aug. 20, 2026 | Daily |
| ISCV · iShares Trust | 0.26% | 5,089 SH | Aug. 20, 2026 | Daily |
| ESML · iShares Trust | 0.24% | 19,683 SH | Aug. 20, 2026 | Daily |
| AIQ · Global X Funds | 0.23% | 103,024 NS | May 31, 2026 | N-PORT |
| SMMD · iShares Trust | 0.23% | 24,365 SH | Aug. 20, 2026 | Daily |
| FYEE · Fidelity Greenwood Street Trust | 0.22% | 1,627 NS | April 30, 2026 | N-PORT |
| IYJ · iShares Trust | 0.20% | 10,973 SH | Aug. 20, 2026 | Daily |
| FBUF · Fidelity Greenwood Street Trust | 0.20% | 166 NS | April 30, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.20% | 1,324 NS | May 31, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | 0.19% | 19,559 NS | April 30, 2026 | N-PORT |
| APUE · Trust for Professional Managers | 0.19% | 19,417 NS | May 31, 2026 | N-PORT |
| CSM · ProShares Trust | 0.18% | 3,797 NS | May 31, 2026 | N-PORT |
| FHEQ · Fidelity Greenwood Street Trust | 0.17% | 6,197 NS | April 30, 2026 | N-PORT |
| GINN · Goldman Sachs ETF Trust | 0.17% | 1,450 NS | May 31, 2026 | N-PORT |
| OALC · Unified Series Trust | 0.17% | 1,646 NS | May 31, 2026 | N-PORT |
| AFLG · First Trust Exchange-Traded Fund VI… | 0.16% | 4,332 NS | May 31, 2026 | N-PORT |
| IWS · iShares Trust | 0.16% | 72,125 SH | Aug. 20, 2026 | Daily |
| WSML · iShares Trust | 0.16% | 2,968 SH | Aug. 20, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.15% | 1,089,958 SH | Aug. 19, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.15% | 8,682 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.15% | 88,694 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.14% | 4,369 NS | May 31, 2026 | N-PORT |
| LGDX · Tidal Trust III | 0.12% | 753 NS | April 30, 2026 | N-PORT |
| IWR · iShares Trust | 0.12% | 194,887 SH | Aug. 20, 2026 | Daily |
| VALQ · AMERICAN CENTURY ETF TRUST | 0.11% | 1,635 NS | May 31, 2026 | N-PORT |
| PEXL · Pacer Funds Trust | 0.11% | 214 NS | April 30, 2026 | N-PORT |
| ACVF · ETF Opportunities Trust | 0.10% | 675 NS | April 30, 2026 | N-PORT |
| VGT · VANGUARD WORLD FUND | 0.10% | 628,669 SH | Aug. 19, 2026 | Daily |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.10% | 1,648 NS | May 31, 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.10% | 76,423 NS | April 30, 2026 | N-PORT |