ASTS vs ZBRA: Ast Spacemobile and Zebra Technologies compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Ast Spacemobile is the larger company, worth $22.1B, close to Zebra Technologies's $18.5B.
- Ast Spacemobile grew revenue faster over the last year (+2626.6% vs +20.4%).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | ASTS | ZBRA |
|---|---|---|
| Market cap | $22.1B | $18.5B |
| Share price | $50.97 | $387.18 |
| Revenue (last fiscal year) | $71M | $5.4B |
| Free cash flow (last fiscal year) | -$1.1B | $831M |
| Revenue growth, last year | +2626.6% | +20.4% |
| Revenue growth per year, last 5 fiscal years | +54.6% | -1.0% |
| Operating margin | — | 14.7% |
| Net margin | -536.7% | 9.2% |
| Return on equity | -25.8% | 15.7% |
| P/E (trailing) | — | 46.9x |
| Price / free cash flow | — | 22.2x |
| EV / EBITDA | — | 23.6x |
| FCF growth the price implies | — | 6.4% |
| Dividend yield | — | — |
| Debt / equity | 1.44x | 1.51x |
| Fundamental grade | F | C |
| Superinvestors holding it | 2 | 5 |
| Insider purchases, last 12 months | 3 | 3 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Ast Spacemobile
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $12M | -$95M | — |
| 2022 | $14M | -$214M | — |
| 2023 | $0 | -$268M | — |
| 2024 | $4M | -$300M | — |
| 2025 | $71M | -$1.1B | — |
Zebra Technologies
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $5.6B | $1.0B | 17.4% |
| 2022 | $5.8B | $413M | 9.2% |
| 2023 | $4.6B | -$91M | 10.5% |
| 2024 | $5.0B | $954M | 14.9% |
| 2025 | $5.4B | $831M | 13.0% |
Where the revenue comes from
Ast Spacemobile · by products, 2025
Product$44M63%
Service$27M37%
Zebra Technologies · by segments, 2025
CF$3.0B55%
AVA$2.4B45%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open ASTS in InvestinglyQuestions
Which is bigger, Ast Spacemobile or Zebra Technologies?
Ast Spacemobile (ASTS), at $22.1B against $18.5B.
Which grows faster, ASTS or ZBRA?
Ast Spacemobile: revenue grew +2626.6% over the last year, against +20.4%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.