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FLEX vs. ZBRA: Flex vs. Zebra Stock Comparison

How do Flex (FLEX) and Zebra (ZBRA) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Flex (FLEX) and Zebra (ZBRA) both belong to the Electronic Equipment, Instruments & Components industry, though FLEX is classified under Electronic Manufacturing Services while ZBRA falls under Electronic Equipment & Instruments.

Company profile comparison for Flex (FLEX) and Zebra (ZBRA)
Profile ItemFLEXZBRA
NameFlex Ltd.Zebra Technologies Corp. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupTechnology Hardware & EquipmentTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & ComponentsElectronic Equipment, Instruments & Components
GICS Sub-IndustryElectronic Manufacturing ServicesElectronic Equipment & Instruments
Market Capitalization25.78 billion USD15.16 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateMarch 18, 1994August 15, 1991
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

FLEX
ZBRA
GSPC
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Flex (FLEX) vs. Zebra (ZBRA), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Flex (FLEX) and Zebra (ZBRA). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Flex (FLEX) and Zebra (ZBRA). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Flex (FLEX) and Zebra (ZBRA)
MetricFLEXZBRA
Total Return (1Y)24.99%26.64%
Total Return (3Y, Annualized)59.41%17.52%
Total Return (5Y, Annualized)42.37%-11.21%

Risk Profile

Drawdown History

FLEX
ZBRA
GSPC
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Flex (FLEX) vs. Zebra (ZBRA), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Flex (FLEX) and Zebra (ZBRA). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Flex (FLEX) and Zebra (ZBRA)
MetricFLEXZBRA
Volatility (1Y, Annualized)76.21%47.91%
Beta (5Y)1.821.64
Max Drawdown (5Y)-58.83%-67.78%
Avg. Volume (3M)4.28M596.00K

Risk-Adjusted Performance

Risk-Return Positioning

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FLEX and ZBRA are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Flex (FLEX) and Zebra (ZBRA)
MetricFLEXZBRA
Sharpe Ratio (1Y)0.270.47
Sortino Ratio (1Y)0.440.82

Profitability

ROE (TTM)

Both Flex (FLEX) at 19.13% and Zebra (ZBRA) at 16.46% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

FLEX

Technology Hardware & Equipment industry group

19.13%

Max
42.47%
FLEX
19.13%
Q3
19.13%
Median
11.00%
Q1
1.63%
Min
-20.62%

ZBRA

Technology Hardware & Equipment industry group

16.46%

Max
42.47%
Q3
19.13%
ZBRA
16.46%
Median
11.00%
Q1
1.63%
Min
-20.62%
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Flex (FLEX) vs. Zebra (ZBRA): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Both Flex (FLEX) at 3.35% and Zebra (ZBRA) at 9.80% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

FLEX

Technology Hardware & Equipment industry group

3.35%

Max
27.60%
Q3
11.66%
Median
4.08%
FLEX
3.35%
Q1
0.00%
Min
-11.02%

ZBRA

Technology Hardware & Equipment industry group

9.80%

Max
27.60%
Q3
11.66%
ZBRA
9.80%
Median
4.08%
Q1
0.00%
Min
-11.02%
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Flex (FLEX) vs. Zebra (ZBRA): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

Both Flex (FLEX) at 5.05% and Zebra (ZBRA) at 14.75% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

FLEX

Technology Hardware & Equipment industry group

5.05%

Max
36.27%
Q3
18.36%
Median
8.84%
FLEX
5.05%
Q1
1.46%
Min
-21.39%

ZBRA

Technology Hardware & Equipment industry group

14.75%

Max
36.27%
Q3
18.36%
ZBRA
14.75%
Median
8.84%
Q1
1.46%
Min
-21.39%
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Flex (FLEX) vs. Zebra (ZBRA): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Flex (FLEX) and Zebra (ZBRA)
MetricFLEXZBRA
ROE (TTM)19.13%16.46%
ROA (TTM)4.39%7.51%
Net Margin (TTM)3.35%9.80%
Operating Margin (TTM)5.05%14.75%
Gross Margin (TTM)9.67%48.90%

Growth

Revenue Growth

Both Flex (FLEX) at 8.14% and Zebra (ZBRA) at 8.33% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Flex (FLEX) vs. Zebra (ZBRA): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Flex (FLEX) at 10.43% and Zebra (ZBRA) at -19.65% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Flex (FLEX) vs. Zebra (ZBRA): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Flex (FLEX) and Zebra (ZBRA)
MetricFLEXZBRA
Revenue Growth (YoY)8.14%8.33%
Revenue Growth (3Y CAGR)-0.69%-2.27%
EPS Growth (YoY)10.43%-19.65%
EPS Growth (3Y CAGR)10.65%-2.41%

Financial Strength

Current Ratio (MRQ)

Flex (FLEX) at 1.34 keeps current ratio within its industry’s typical mid-range, while Zebra (ZBRA) at 0.57 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ZBRA.

FLEX

Technology Hardware & Equipment industry group

1.34

Max
5.34
Q3
3.02
Median
1.95
FLEX
1.34
Q1
1.32
Min
0.17

ZBRA

Technology Hardware & Equipment industry group

0.57

Max
5.34
Q3
3.02
Median
1.95
Q1
1.32
ZBRA
0.57
Min
0.17
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Flex (FLEX) vs. Zebra (ZBRA): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Zebra (ZBRA) at 0.78 carries an industry-typical debt-to-equity mix, while Flex (FLEX) at 1.03 uses more debt funding than most peers.

FLEX

Technology Hardware & Equipment industry group

1.03

Max
1.76
FLEX
1.03
Q3
0.78
Median
0.24
Q1
0.04
Min
0.01

ZBRA

Technology Hardware & Equipment industry group

0.78

Max
1.76
ZBRA
0.78
Q3
0.78
Median
0.24
Q1
0.04
Min
0.01
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Flex (FLEX) vs. Zebra (ZBRA): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Flex (FLEX) and Zebra (ZBRA)
MetricFLEXZBRA
Current Ratio (MRQ)1.340.57
Debt / Equity (MRQ)1.030.78
Net Debt / EBITDA1.322.09

Dividends

Dividend Yield (TTM)

Neither Flex (FLEX) nor Zebra (ZBRA) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

FLEX

Technology Hardware & Equipment industry group

0.00%

Max
0.73%
Q3
0.31%
FLEX
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

ZBRA

Technology Hardware & Equipment industry group

0.00%

Max
0.73%
Q3
0.31%
ZBRA
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Flex (FLEX) vs. Zebra (ZBRA): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Flex (FLEX) nor Zebra (ZBRA) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

FLEX

Technology Hardware & Equipment industry group

0.00%

Max
32.27%
Q3
14.48%
FLEX
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

ZBRA

Technology Hardware & Equipment industry group

0.00%

Max
32.27%
Q3
14.48%
ZBRA
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Flex (FLEX) vs. Zebra (ZBRA): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Flex (FLEX) and Zebra (ZBRA)
MetricFLEXZBRA
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

Both Flex (FLEX) at 25.10 and Zebra (ZBRA) at 26.03 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

FLEX

Technology Hardware & Equipment industry group

25.10

Max
69.48
Q3
41.02
Median
26.39
FLEX
25.10
Q1
19.36
Min
6.07

ZBRA

Technology Hardware & Equipment industry group

26.03

Max
69.48
Q3
41.02
Median
26.39
ZBRA
26.03
Q1
19.36
Min
6.07
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Flex (FLEX) vs. Zebra (ZBRA): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

Flex (FLEX) at 0.83 sits in the cheaper P/S ratio quartile while Zebra (ZBRA) at 2.47 prices around its industry’s middle — FLEX costs less per dollar of sales, though read it alongside growth and margins.

FLEX

Technology Hardware & Equipment industry group

0.83

Max
11.30
Q3
5.82
Median
2.56
Q1
1.05
FLEX
0.83
Min
0.00

ZBRA

Technology Hardware & Equipment industry group

2.47

Max
11.30
Q3
5.82
Median
2.56
ZBRA
2.47
Q1
1.05
Min
0.00
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Flex (FLEX) vs. Zebra (ZBRA): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Flex (FLEX) at 4.44 and Zebra (ZBRA) at 4.26 are valued close to their industries’ norm against book — neither stands out from peers.

FLEX

Technology Hardware & Equipment industry group

4.44

Max
10.75
Q3
5.52
FLEX
4.44
Median
3.17
Q1
1.79
Min
0.33

ZBRA

Technology Hardware & Equipment industry group

4.26

Max
10.75
Q3
5.52
ZBRA
4.26
Median
3.17
Q1
1.79
Min
0.33
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Flex (FLEX) vs. Zebra (ZBRA): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Flex (FLEX) and Zebra (ZBRA)
MetricFLEXZBRA
P/E Ratio (TTM)25.1026.03
P/S Ratio (TTM)0.832.47
P/B Ratio (MRQ)4.444.26
Free Cash Flow Yield (TTM)2.41%4.61%