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Zebra Technologies vs Zurn Elkay Water Solutions: revenue, profit, margins and growth compared

Zebra Technologies brought in $5.4B of revenue in fiscal 2025, Zurn Elkay Water Solutions $1.7B in fiscal 2025. Revenue changed by +8.3% at Zebra Technologies and +8.3% at Zurn Elkay Water Solutions on the year before, so Zebra Technologies grew faster. Zebra Technologies kept 7.8% of its revenue as net profit, Zurn Elkay Water Solutions 11.7%.

Side by side, latest fiscal year

ZBRAZWS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$5.4B$1.7B
Revenue growth+8.3%+8.3%
Net income$419M$198M
Net margin7.8%11.7%
Free cash flow$831Mn/a
Free cash flow margin15.4%n/a
Earnings per share (diluted)$8.18$1.15
Cash$125M$300.5M
Debt$2.5B$496.5M
Price to earnings45.240.6
Market value$17.5B$7.7B
Dividend yieldn/a0.81%
Rank by revenue in sector#116 of 451 · Industrials#234 of 451 · Industrials

Over the years

Revenue
ZBRA FY2018: $4.2BZBRA FY2019: $4.5BZBRA FY2020: $4.4BZBRA FY2021: $5.6BZBRA FY2022: $5.8BZBRA FY2023: $4.6BZBRA FY2024: $5BZBRA FY2025: $5.4BZWS FY2020: $710.1MZWS FY2020: $2.1BZWS FY2020: $746.1MZWS FY2021: $910.9MZWS FY2022: $1.3BZWS FY2023: $1.5BZWS FY2024: $1.6BZWS FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25
ZBRA $5.4BZWS $1.7B
Net income
ZBRA FY2018: $421MZBRA FY2019: $544MZBRA FY2020: $504MZBRA FY2021: $837MZBRA FY2022: $463MZBRA FY2023: $296MZBRA FY2024: $528MZBRA FY2025: $419MZWS FY2020: $180.1MZWS FY2020: $146.7MZWS FY2021: $120.9MZWS FY2022: $61.7MZWS FY2023: $112.7MZWS FY2024: $160.2MZWS FY2025: $198MFY18FY19FY20FY21FY22FY23FY24FY25
ZBRA $419MZWS $198M
Net margin
ZBRA FY2018: 10.0%ZBRA FY2019: 12.1%ZBRA FY2020: 11.3%ZBRA FY2021: 14.9%ZBRA FY2022: 8.0%ZBRA FY2023: 6.5%ZBRA FY2024: 10.6%ZBRA FY2025: 7.8%ZWS FY2020: 8.7%ZWS FY2020: 19.7%ZWS FY2021: 13.3%ZWS FY2022: 4.8%ZWS FY2023: 7.4%ZWS FY2024: 10.2%ZWS FY2025: 11.7%FY18FY19FY20FY21FY22FY23FY24FY25
ZBRA 7.8%ZWS 11.7%
Revenue growth
ZBRA FY2019: +6.3%ZBRA FY2020: -0.8%ZBRA FY2021: +26.5%ZBRA FY2022: +2.7%ZBRA FY2023: -20.7%ZBRA FY2024: +8.7%ZBRA FY2025: +8.3%ZWS FY2020: +191.3%ZWS FY2020: -63.9%ZWS FY2021: +22.1%ZWS FY2022: +40.7%ZWS FY2023: +19.4%ZWS FY2024: +2.4%ZWS FY2025: +8.3%FY19FY20FY21FY22FY23FY24FY25
ZBRA +8.3%ZWS +8.3%
Free cash flow
ZBRA FY2018: $721MZBRA FY2019: $624MZBRA FY2020: $895MZBRA FY2021: $1BZBRA FY2022: $413MZBRA FY2023: -$91MZBRA FY2024: $954MZBRA FY2025: $831MZWS FY2020: $257.2MFY18FY19FY20FY21FY22FY23FY24FY25
ZBRA $831MZWS $257.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Zebra Technologies and Zurn Elkay Water Solutions

Which is bigger by revenue, Zebra Technologies or Zurn Elkay Water Solutions?

Zebra Technologies is bigger by revenue: $5.4B in fiscal 2025, against $1.7B for Zurn Elkay Water Solutions in fiscal 2025.

Which keeps more of its revenue as profit, Zebra Technologies or Zurn Elkay Water Solutions?

Zebra Technologies had a net margin of 7.8% in fiscal 2025; Zurn Elkay Water Solutions had 11.7% in fiscal 2025.

Which grew revenue faster, Zebra Technologies or Zurn Elkay Water Solutions?

In their latest fiscal years revenue changed by +8.3% at Zebra Technologies and +8.3% at Zurn Elkay Water Solutions.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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