| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $4,448 | $5,627 | $5,781 | $4,584 | $4,981 |
| Gross Profit | $2,003 | $2,628 | $2,624 | $2,123 | $2,413 |
| Operating Income | $651 | $979 | $529 | $481 | $742 |
| Net Income | $504 | $837 | $463 | $296 | $528 |

Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $4,448 | $5,627 | $5,781 | $4,584 | $4,981 |
| Gross Profit | $2,003 | $2,628 | $2,624 | $2,123 | $2,413 |
| Operating Income | $651 | $979 | $529 | $481 | $742 |
| Net Income | $504 | $837 | $463 | $296 | $528 |
Over the five-year period, Zebra Technologies’ revenue and profitability metrics exhibit notable volatility alongside periods of robust growth. In 2020, the company generated USD 4,448 million in revenue with corresponding gross profit of USD 2,003 million, operating income of USD 651 million, and net income of USD 504 million. A strong rebound occurred in 2021, where revenue surged to USD 5,627 million—up roughly 27% year-over-year—and gross profit increased to USD 2,628 million. This robust performance was further underscored by operating income and net income rising to USD 979 million and USD 837 million respectively, indicating improved operational efficiency and profitability. However, the subsequent years revealed significant declines. In 2022, revenue grew marginally to USD 5,781 million, yet operating income nearly halved to USD 529 million and net income fell to USD 463 million—a sharp contrast to the previous year’s performance and suggesting potential challenges such as price pressure or cost inefficiencies. The downturn deepened in 2023 when revenue dropped by over 20% to USD 4,584 million, with net income further contracting to USD 296 million. Encouragingly, 2024 saw a partial recovery with revenue increasing to USD 4,981 million and operating and net income rebounding to USD 742 million and USD 528 million respectively. Overall, while Zebra’s financial performance has been marked by notable year-over-year swings beyond 20% in certain metrics, the recovery efforts demonstrated in 2024 suggest a cautious return to sustainability amidst a competitive and evolving technology landscape.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.