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) 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 September 2026 was 3.66%, up 0.2 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 −5.27% 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 39.0%
PODD Insulet Corporation compare 18.8%
PEN Penumbra, Inc. compare 12.7%
GMED Globus Medical, Inc. compare 8.86%
STE STERIS plc compare 8.47%
PHG Koninklijke Philips N.V. compare 6.15%
ZBH Zimmer Biomet Holdings, Inc. 3.66%
SNN Smith & Nephew SNATS, Inc. compare 0.00%
GKOS Glaukos Corporation compare −24.6%
Medical Devices industry median −5.27%
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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