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Side-by-side financial comparison of Genpact LTD (G) and Zebra Technologies (ZBRA). Click either name above to swap in a different company.

Zebra Technologies is the larger business by last-quarter revenue ($1.5B vs $1.3B, roughly 1.1× Genpact LTD). Genpact LTD runs the higher net margin — 10.8% vs 4.7%, a 6.1% gap on every dollar of revenue. On growth, Zebra Technologies posted the faster year-over-year revenue change (10.6% vs 5.6%). Zebra Technologies produced more free cash flow last quarter ($327.0M vs $269.0M). Over the past eight quarters, Zebra Technologies's revenue compounded faster (12.0% CAGR vs 8.0%).

Genpact Ltd. is an American information technology services, consulting, and outsourcing company headquartered in New York City, New York. Founded in Gurgaon, India, and legally domiciled in Bermuda, Genpact employs more than 125,000 people and provides services to clients in over 30 countries worldwide. Genpact is listed on the NYSE and generated revenues of US$4.48 billion in 2023.

Zebra Technologies Corporation (ZBR), commonly known as Zebra, is an American multinational technology conglomerate corporation specializing in smart data capture systems. Zebra is headquartered in Lincolnshire, Illinois outside of Chicago with 10,700 employees across 57 countries.

G vs ZBRA — Head-to-Head

Bigger by revenue
ZBRA
ZBRA
1.1× larger
ZBRA
$1.5B
$1.3B
G
Growing faster (revenue YoY)
ZBRA
ZBRA
+4.9% gap
ZBRA
10.6%
5.6%
G
Higher net margin
G
G
6.1% more per $
G
10.8%
4.7%
ZBRA
More free cash flow
ZBRA
ZBRA
$58.0M more FCF
ZBRA
$327.0M
$269.0M
G
Faster 2-yr revenue CAGR
ZBRA
ZBRA
Annualised
ZBRA
12.0%
8.0%
G

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
G
G
ZBRA
ZBRA
Revenue
$1.3B
$1.5B
Net Profit
$143.1M
$70.0M
Gross Margin
36.6%
47.3%
Operating Margin
14.8%
9.4%
Net Margin
10.8%
4.7%
Revenue YoY
5.6%
10.6%
Net Profit YoY
0.8%
-57.1%
EPS (diluted)
$0.82
$1.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
G
G
ZBRA
ZBRA
Q4 25
$1.3B
$1.5B
Q3 25
$1.3B
$1.3B
Q2 25
$1.3B
$1.3B
Q1 25
$1.2B
$1.3B
Q4 24
$1.2B
$1.3B
Q3 24
$1.2B
$1.3B
Q2 24
$1.2B
$1.2B
Q1 24
$1.1B
$1.2B
Net Profit
G
G
ZBRA
ZBRA
Q4 25
$143.1M
$70.0M
Q3 25
$145.8M
$101.0M
Q2 25
$132.7M
$112.0M
Q1 25
$130.9M
$136.0M
Q4 24
$141.9M
$163.0M
Q3 24
$132.8M
$137.0M
Q2 24
$122.0M
$113.0M
Q1 24
$116.9M
$115.0M
Gross Margin
G
G
ZBRA
ZBRA
Q4 25
36.6%
47.3%
Q3 25
36.4%
48.0%
Q2 25
35.9%
47.6%
Q1 25
35.3%
49.3%
Q4 24
35.7%
48.6%
Q3 24
35.6%
48.8%
Q2 24
35.4%
48.4%
Q1 24
35.0%
47.9%
Operating Margin
G
G
ZBRA
ZBRA
Q4 25
14.8%
9.4%
Q3 25
14.8%
13.9%
Q2 25
14.3%
14.2%
Q1 25
15.1%
14.9%
Q4 24
15.2%
16.9%
Q3 24
15.0%
15.2%
Q2 24
14.5%
13.7%
Q1 24
14.1%
13.5%
Net Margin
G
G
ZBRA
ZBRA
Q4 25
10.8%
4.7%
Q3 25
11.3%
7.7%
Q2 25
10.6%
8.7%
Q1 25
10.8%
10.4%
Q4 24
11.4%
12.2%
Q3 24
11.0%
10.9%
Q2 24
10.4%
9.3%
Q1 24
10.3%
9.8%
EPS (diluted)
G
G
ZBRA
ZBRA
Q4 25
$0.82
$1.40
Q3 25
$0.83
$1.97
Q2 25
$0.75
$2.19
Q1 25
$0.73
$2.62
Q4 24
$0.80
$3.14
Q3 24
$0.74
$2.64
Q2 24
$0.67
$2.17
Q1 24
$0.64
$2.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
G
G
ZBRA
ZBRA
Cash + ST InvestmentsLiquidity on hand
$1.2B
$125.0M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$2.5B
$3.6B
Total Assets
$5.8B
$8.5B
Debt / EquityLower = less leverage
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
G
G
ZBRA
ZBRA
Q4 25
$1.2B
$125.0M
Q3 25
$740.8M
$1.1B
Q2 25
$663.3M
$872.0M
Q1 25
$561.6M
$879.0M
Q4 24
$671.6M
$901.0M
Q3 24
$1.0B
$676.0M
Q2 24
$914.2M
$411.0M
Q1 24
$478.4M
$127.0M
Total Debt
G
G
ZBRA
ZBRA
Q4 25
$1.5B
Q3 25
$1.2B
$2.2B
Q2 25
$1.2B
$2.2B
Q1 25
$1.2B
$2.2B
Q4 24
$1.2B
Q3 24
$1.6B
$2.2B
Q2 24
$1.6B
$2.2B
Q1 24
$1.2B
$2.1B
Stockholders' Equity
G
G
ZBRA
ZBRA
Q4 25
$2.5B
$3.6B
Q3 25
$2.5B
$3.7B
Q2 25
$2.6B
$3.6B
Q1 25
$2.5B
$3.6B
Q4 24
$2.4B
$3.6B
Q3 24
$2.4B
$3.4B
Q2 24
$2.3B
$3.3B
Q1 24
$2.3B
$3.2B
Total Assets
G
G
ZBRA
ZBRA
Q4 25
$5.8B
$8.5B
Q3 25
$5.4B
$8.1B
Q2 25
$5.3B
$7.9B
Q1 25
$4.9B
$7.9B
Q4 24
$5.0B
$8.0B
Q3 24
$5.3B
$7.7B
Q2 24
$5.2B
$7.5B
Q1 24
$4.7B
$7.3B
Debt / Equity
G
G
ZBRA
ZBRA
Q4 25
0.60×
Q3 25
0.47×
0.58×
Q2 25
0.47×
0.60×
Q1 25
0.50×
0.60×
Q4 24
0.51×
Q3 24
0.68×
0.64×
Q2 24
0.70×
0.66×
Q1 24
0.54×
0.66×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
G
G
ZBRA
ZBRA
Operating Cash FlowLast quarter
$286.7M
$357.0M
Free Cash FlowOCF − Capex
$269.0M
$327.0M
FCF MarginFCF / Revenue
20.4%
22.2%
Capex IntensityCapex / Revenue
1.3%
2.0%
Cash ConversionOCF / Net Profit
2.00×
5.10×
TTM Free Cash FlowTrailing 4 quarters
$734.7M
$831.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
G
G
ZBRA
ZBRA
Q4 25
$286.7M
$357.0M
Q3 25
$308.4M
$235.0M
Q2 25
$177.4M
$147.0M
Q1 25
$40.4M
$178.0M
Q4 24
$203.2M
$306.0M
Q3 24
$228.5M
$294.0M
Q2 24
$209.3M
$288.0M
Q1 24
$-25.6M
$125.0M
Free Cash Flow
G
G
ZBRA
ZBRA
Q4 25
$269.0M
$327.0M
Q3 25
$292.0M
$216.0M
Q2 25
$155.1M
$130.0M
Q1 25
$18.5M
$158.0M
Q4 24
$183.5M
$288.0M
Q3 24
$208.7M
$277.0M
Q2 24
$190.0M
$278.0M
Q1 24
$-49.6M
$111.0M
FCF Margin
G
G
ZBRA
ZBRA
Q4 25
20.4%
22.2%
Q3 25
22.6%
16.4%
Q2 25
12.4%
10.1%
Q1 25
1.5%
12.1%
Q4 24
14.7%
21.6%
Q3 24
17.2%
22.1%
Q2 24
16.2%
22.8%
Q1 24
-4.4%
9.4%
Capex Intensity
G
G
ZBRA
ZBRA
Q4 25
1.3%
2.0%
Q3 25
1.3%
1.4%
Q2 25
1.8%
1.3%
Q1 25
1.8%
1.5%
Q4 24
1.6%
1.3%
Q3 24
1.6%
1.4%
Q2 24
1.6%
0.8%
Q1 24
2.1%
1.2%
Cash Conversion
G
G
ZBRA
ZBRA
Q4 25
2.00×
5.10×
Q3 25
2.11×
2.33×
Q2 25
1.34×
1.31×
Q1 25
0.31×
1.31×
Q4 24
1.43×
1.88×
Q3 24
1.72×
2.15×
Q2 24
1.72×
2.55×
Q1 24
-0.22×
1.09×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

G
G

High Tech And Manufacturing$525.3M40%
Consumer And Healthcare$445.8M34%
Financial Services$348.2M26%

ZBRA
ZBRA

Tangible Products$1.2B83%
Service And Software$255.0M17%

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