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) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Zimmer Biomet Holdings, Inc. (ZBH) trades at a price to free cash flow of 17.6×. Over the past ten years it has ranged from 14.5× (December 2018) to 117× (April 2021); the current reading is higher than 11% of that period. That is below the Medical Devices industry median of 23.7× and below the Healthcare sector median of 20.2×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 16.5× (39.70%)
FY2024 27.4× (5.29%)
FY2023 28.9× (5.42%)
FY2022 30.6× 16.34%
FY2021 26.3× (56.97%)
FY2020 61.1× 66.28%
FY2019 36.8× 134.68%
FY2018 15.7× (29.85%)
FY2017 22.3× 22.62%
FY2016 18.2× (59.45%)

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 16.0× (8.73%)
Mar 2026 17.5× 5.83%
Dec 2025 16.5× (14.35%)
Sep 2025 19.3× 10.24%
42 more quarters

Against its own ten years

Low 14.5× High 117×
Ten-year median 26.3×
Current reading's percentile 11

Price to free cash flow against peers

Company Price to free cash flow
SNN Smith & Nephew SNATS, Inc. compare 6.4×
PHG Koninklijke Philips N.V. compare 13.3×
GMED Globus Medical, Inc. compare 14.1×
ZBH Zimmer Biomet Holdings, Inc. 17.6×
GEHC GE HealthCare Technologies Inc. compare 20.0×
STE STERIS plc compare 23.2×
DXCM DexCom, Inc. compare 23.4×
BIO.B Bio-Rad Laboratories, Inc. compare 27.4×
PEN Penumbra, Inc. compare 58.5×
Medical Devices industry median 23.7×
Healthcare sector median 20.2×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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