Zimmer Biomet Holdings, Inc.

ZBH Healthcare Medical Devices

Zimmer Biomet Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.2 billion, up 7.20% from fiscal 2024.

Revenue
+3.07%
EPS
−13.5%
Free cash flow
+29.8%
Total debt
−7.50%

Quarter to September 2026, against a year earlier

105.69 1.16 −1.09%
Market cap
$20.4B
P/E
26.9×
Fwd P/E
18.9×
Dividend yield
0.90%
F-score
6/9
Altman Z
2.38
Beneish M
−2.59
Dividend safety
72/100

Zimmer Biomet Holdings, Inc. (ZBH) Free cash flow margin

Alert me on Free cash flow margin

Zimmer Biomet Holdings, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 13.0%, down 0.6 percentage points from fiscal 2025 (13.6%). Over the past ten years it has ranged from 6.93% (fiscal 2015) to 16.5% (fiscal 2018); the current reading is higher than 64% of that period. That is above the Medical Devices industry median of −3.88% and above the Healthcare sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 13.6% 1.85
FY2024 11.8% (0.09)
FY2023 11.8% (0.84)
FY2022 12.7% (1.66)
FY2021 14.3% 2.85
FY2020 11.5% 0.65
FY2019 10.8% (5.65)
FY2018 16.5% 2.53
FY2017 14.0% (0.41)
FY2016 14.4% 7.44

Against its own ten years

Low 6.93% High 16.5%
Ten-year median 12.7%
Current reading's percentile 64

Free cash flow margin against peers

Company Free cash flow margin
GMED Globus Medical, Inc. compare 24.4%
DXCM DexCom, Inc. compare 21.5%
STE STERIS plc compare 20.9%
ZBH Zimmer Biomet Holdings, Inc. 13.0%
PEN Penumbra, Inc. compare 12.8%
PHG Koninklijke Philips N.V. compare 10.3%
PODD Insulet Corporation compare 8.15%
GKOS Glaukos Corporation compare 5.22%
SNN Smith & Nephew SNATS, Inc. compare 0.00%
Medical Devices industry median −3.88%
Healthcare sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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