Is ZEBRA TECHNOLOGIES CORP (ZBRA) Halal?

NASDAQ Technology United States $10.3B
✓ HALAL
Confidence: 95/100
ZEBRA TECHNOLOGIES CORP (ZBRA) is Halal under all 5 major Shariah screening standards. With a debt ratio of just 24.2% against the AAOIFI threshold of 30%, ZEBRA TECHNOLOGIES CORP comfortably passes the key financial ratio tests. The company operates in the Technology sector (Communication Equipment), which is not a prohibited industry under Islamic finance principles.

Shariah Screening — 5 Standards

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI 24.2%
/ 30%
1.1%
/ 30%
7.5%
/ 30%
2.45%
/ 5%
✓ HALAL
DJIM 24.2%
/ 33%
1.1%
/ 33%
7.5%
/ 33%
2.45%
/ 5%
✓ HALAL
MSCI 31.7%
/ 33%
1.5%
/ 33%
9.8%
/ 33%
2.45%
/ 5%
✓ HALAL
S&P 24.2%
/ 33%
1.1%
/ 33%
7.5%
/ 33%
2.45%
/ 5%
✓ HALAL
FTSE 31.7%
/ 33%
1.5%
/ 33%
9.8%
/ 50%
2.45%
/ 5%
✓ HALAL

Financial Highlights

P/E Ratio
24.7
Forward: 10.0
EPS
$8.19
P/B Ratio
2.8
EV/EBITDA
12.7
EV: $12.5B
Revenue
$5.4B
Growth: 10.6%
Beta
1.7
High volatility
Current Ratio
1.0

Profitability

Gross Margin 48.1%
Operating Margin 15.1%
Net Margin 7.8%
Return on Equity (ROE) 11.7%
Return on Assets (ROA) 6.1%

Cash Flow & Balance Sheet

Operating Cash Flow$917M
Free Cash Flow$831M
Total Debt$2.7B
Debt-to-Equity75.2
Current Ratio1.0
Total Assets$8.5B

Price & Trading

Last Close$204.42
50-Day MA$232.21
200-Day MA$276.70
Avg Volume776K
Beta1.7
52-Week Range
$200.44
$352.66

About ZEBRA TECHNOLOGIES CORP (ZBRA)

CEO
Mr. William J. Burns
Employees
10,700
Sector
Technology
Industry
Communication Equipment
Country
United States
Exchange
NASDAQ
Market Cap
$10.3B
Currency
USD

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 printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and electronic sensors and temperature-monitoring labels. It also provides various maintenance, technical support, repair, and managed and professional services; fixed readers, RFID enabled mobile computers, and RFID sleds; tags, sensors, exciters, middleware software, and application software; and physical inventory management solutions; rugged and enterprise-grade mobile computing products and accessories, as well as real-time location systems and services. In addition, the company offers barcode scanners and imagers, RFID readers, industrial machine vision cameras, and fixed industrial scanners; point-of-sale solutions, self-serve kiosks, and interactive touchscreen displays; workflow optimization solutions, such as workforce management, workflow execution and task management, and prescriptive analytics, and communications and collaboration solutions; and cloud-based software. The company serves retail and e-commerce, manufacturing, transportation and logistics, healthcare, public sector, and other industries through direct sales force and network of channel partners. The company was founded in 1969 and is headquartered in Lincolnshire, Illinois.

Purification Calculator

As a halal stock with 2.45% impermissible income, you need to purify your dividends.

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Frequently Asked Questions

Is ZEBRA TECHNOLOGIES CORP (ZBRA) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), ZEBRA TECHNOLOGIES CORP is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is ZEBRA TECHNOLOGIES CORP's debt ratio?

ZEBRA TECHNOLOGIES CORP's debt ratio is 24.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 31.7%.

Does ZEBRA TECHNOLOGIES CORP require dividend purification?

Yes, ZEBRA TECHNOLOGIES CORP has an impermissible income ratio of 2.45%, which means 2.45% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.

What are ZEBRA TECHNOLOGIES CORP's key financial metrics?

ZEBRA TECHNOLOGIES CORP has a market capitalization of $10.3B, trailing P/E ratio of 24.7, and revenue of $5.4B. The company maintains a gross margin of 48.1% and a net margin of 7.8%. Return on equity stands at 11.7%.

How often is the screening data updated?

Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.