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. In the quarter to June 2026, revenue grew 4.80%, EPS grew 33.8%, free cash flow grew 13.1% and total debt fell 1.23%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five.

95.06 0.68 +0.72%
Market cap
$18.0B
P/E
23.0×
Fwd P/E
17.7×
Dividend yield
1.01%
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 June 2026 was 69.9%, up 0.2 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 56.0% and above the Healthcare sector median of 53.5%.

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)
Jun 2026 70.8% (1.58)
Mar 2026 72.4% 7.71
Dec 2025 64.7% (7.37)
Sep 2025 72.1% 0.56
42 more quarters

Against its own ten years

Low 68.9% High 72.7%
Ten-year median 71.3%
Current reading's percentile 14

Gross margin against peers

Company Gross margin
SNN Smith & Nephew SNATS, Inc. compare 70.5%
ZBH Zimmer Biomet Holdings, Inc. 69.9%
GMED Globus Medical, Inc. compare 68.6%
PEN Penumbra, Inc. compare 67.8%
DXCM DexCom, Inc. compare 62.5%
BIO.B Bio-Rad Laboratories, Inc. compare 51.9%
PHG Koninklijke Philips N.V. compare 45.9%
STE STERIS plc compare 44.4%
GEHC GE HealthCare Technologies Inc. compare 39.5%
Medical Devices industry median 56.0%
Healthcare sector median 53.5%
Market median 46.2%

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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