Which has the lower trailing P/E, SMTC or ZBRA?

ZBRA has the lower trailing P/E: SMTC trades at 129.28 and ZBRA at 35.36. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, SMTC or ZBRA?

Over the past five years, SMTC grew revenue faster — SMTC at a 12.54% CAGR versus ZBRA at 2.51%.

Is SMTC or ZBRA more profitable?

SMTC runs the higher net margin — SMTC at 13.11% versus ZBRA at 9.22%.

How have SMTC and ZBRA total returns compared?

Over the past 10 years, SMTC delivered 21.00% and ZBRA delivered 18.35% annualized total return. Past performance doesn't predict future results.

Semtech Corporation (SMTC) vs Zebra Technologies Corporation (ZBRA)

A side-by-side comparison of Semtech Corporation and Zebra Technologies Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.

SMTC

Semtech Corporation

$18.15B

$194.88TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT

ZBRA

Zebra Technologies Corporation

$17.90B

$375.86TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT

Total return — SMTC vs ZBRA

growth of $100 · dividends reinvested · last 10y

SMTC +618.2% (+21.8%/yr)ZBRA +462.0% (+18.8%/yr)SMTC compounded faster over this window

SMTC ZBRA

SMTC vs ZBRA: by the numbers

•SMTC is the larger company ($18.15B vs $17.90B market cap).
•ZBRA trades at the lower trailing earnings multiple (35.36 vs 129.28 P/E), one valuation lens rather than an overall verdict.
•SMTC converts more revenue to profit (13.11% vs 9.22% net margin).
•SMTC grew revenue faster over the past five years (12.54% vs 2.51% CAGR).

Metrics side by side

Valuation

Metric	SMTC	ZBRA
P/E ratio	129.28	35.36
Forward P/E	56.04	17.78
P/S ratio	15.46	3.06
P/B ratio	24.24	5.21
EV / EBITDA	102.33	17.93
FCF yield	1.00%	5.05%

Profitability

Metric	SMTC	ZBRA
Gross margin	52.04%	48.90%
Operating margin	12.71%	16.09%
Net margin	13.11%	9.22%
ROE	20.56%	15.69%
ROIC	10.98%	10.35%

Growth (annualized)

Metric	SMTC	ZBRA
Revenue CAGR (5Y)	12.54%	2.51%
EPS CAGR (5Y)	N/A	-2.66%
FCF CAGR (5Y)	13.26%	-3.62%
Total return CAGR (5Y)	18.84%	-5.98%

Frequently asked

Which has the lower trailing P/E, SMTC or ZBRA?: ZBRA has the lower trailing P/E: SMTC trades at 129.28 and ZBRA at 35.36. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, SMTC or ZBRA?: Over the past five years, SMTC grew revenue faster — SMTC at a 12.54% CAGR versus ZBRA at 2.51%.
Is SMTC or ZBRA more profitable?: SMTC runs the higher net margin — SMTC at 13.11% versus ZBRA at 9.22%.
How have SMTC and ZBRA total returns compared?: Over the past 10 years, SMTC delivered 21.00% and ZBRA delivered 18.35% annualized total return. Past performance doesn't predict future results.

Go deeper

Full SMTC analysis Full ZBRA analysis Interactive comparison tool

Dig into the metrics

Semtech P/E ratio Zebra Technologies P/E ratio Semtech ROE Zebra Technologies ROE Semtech operating margin Zebra Technologies operating margin Semtech revenue growth Zebra Technologies revenue growth Semtech free cash flow Zebra Technologies free cash flow

Semtech & Zebra Technologies appear in these rankings

Highest FCF Yield Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 2, 2026.