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) Return on invested capital

Alert me on Return on invested capital

Zimmer Biomet Holdings, Inc.'s return on invested capital over the twelve months to 30 June 2026 was 3.82%, up 0.3 percentage points from fiscal 2025 (3.50%). Over the past ten years it has ranged from 0.11% (fiscal 2018) to 4.48% (fiscal 2023); the current reading is higher than 73% of that period. That is above the Medical Devices industry median of −10.3% and above the Healthcare sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 3.50% (0.93)
FY2024 4.43% (0.05)
FY2023 4.48% 1.97
FY2022 2.51% (0.27)
FY2021 2.78% 2.51
FY2020 0.27% (3.29)
FY2019 3.56% 3.45
FY2018 0.11% (2.23)
FY2017 2.34% (0.19)
FY2016 2.53% 1.05

Against its own ten years

Low 0.11% High 4.48%
Ten-year median 2.53%
Current reading's percentile 73

Return on invested capital against peers

Company Return on invested capital
DXCM DexCom, Inc. compare 37.1%
PEN Penumbra, Inc. compare 13.1%
GMED Globus Medical, Inc. compare 9.58%
GEHC GE HealthCare Technologies Inc. compare 8.37%
STE STERIS plc compare 8.27%
PHG Koninklijke Philips N.V. compare 6.69%
ZBH Zimmer Biomet Holdings, Inc. 3.82%
BIO.B Bio-Rad Laboratories, Inc. compare 0.49%
SNN Smith & Nephew SNATS, Inc. compare 0.00%
Medical Devices industry median −10.3%
Healthcare sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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