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) Gross margin

Alert me on Gross margin

Zimmer Biomet Holdings, Inc.'s gross margin over the twelve months to 30 September 2026 was 69.7%, down 0.0 percentage points from fiscal 2025 (69.7%). Over the past ten years it has ranged from 68.9% (fiscal 2016) to 72.7% (fiscal 2017); the current reading is higher than 18% of that period. That is above the Medical Devices industry median of 57.8% and above the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 69.7% (1.75)
FY2024 71.5% (0.36)
FY2023 71.8% 0.92
FY2022 70.9% (0.39)
FY2021 71.3% 1.06
FY2020 70.2% (1.55)
FY2019 71.8% 0.42
FY2018 71.4% (1.31)
FY2017 72.7% 3.73
FY2016 68.9% (1.04)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 71.2% 0.37
Jun 2026 70.8% (1.58)
Mar 2026 72.4% 7.71
Dec 2025 64.7% (7.37)
43 more quarters

Against its own ten years

Low 68.9% High 72.7%
Ten-year median 71.3%
Current reading's percentile 12

Gross margin against peers

Company Gross margin
GKOS Glaukos Corporation compare 81.1%
PODD Insulet Corporation compare 71.9%
SNN Smith & Nephew SNATS, Inc. compare 70.5%
ZBH Zimmer Biomet Holdings, Inc. 69.7%
GMED Globus Medical, Inc. compare 69.1%
PEN Penumbra, Inc. compare 68.0%
DXCM DexCom, Inc. compare 63.4%
PHG Koninklijke Philips N.V. compare 46.4%
STE STERIS plc compare 44.6%
Medical Devices industry median 57.8%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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