Pricing Log in Create free account
Saturday 17 October 2026 Export ZBH’s income statement to Excel — free account

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
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Zimmer Biomet Holdings, Inc. (ZBH) Operating margin

Alert me on Operating margin

Zimmer Biomet Holdings, Inc.'s operating margin over the twelve months to 30 June 2026 was 14.2%, up 0.8 percentage points from fiscal 2025 (13.3%). Over the past ten years it has ranged from 0.43% (fiscal 2018) to 17.3% (fiscal 2023); the current reading is higher than 73% of that period. That is above the Medical Devices industry median of −15.0% and above the Healthcare sector median of 0.00%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 13.3% (3.40)
FY2024 16.7% (0.54)
FY2023 17.3% 7.25
FY2022 10.0% (2.57)
FY2021 12.6% 11.24
FY2020 1.36% (12.89)
FY2019 14.3% 13.82
FY2018 0.43% (9.81)
FY2017 10.2% (0.47)
FY2016 10.7% 2.92

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 15.0% (2.90)
Mar 2026 17.9% 10.99
Dec 2025 6.89% (10.66)
Sep 2025 17.6% 3.11
42 more quarters

Against its own ten years

Low 0.43% High 17.3%
Ten-year median 10.7%
Current reading's percentile 74

Operating margin against peers

Company Operating margin
DXCM DexCom, Inc. compare 22.9%
GMED Globus Medical, Inc. compare 20.3%
STE STERIS plc compare 18.9%
ZBH Zimmer Biomet Holdings, Inc. 14.2%
GEHC GE HealthCare Technologies Inc. compare 12.9%
PEN Penumbra, Inc. compare 12.5%
PHG Koninklijke Philips N.V. compare 9.64%
BIO.B Bio-Rad Laboratories, Inc. compare 2.05%
SNN Smith & Nephew SNATS, Inc. compare 0.00%
Medical Devices industry median −15.0%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on ZBH