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    Z

    Zimmer Biomet Holdings Inc (ZBH)

    Official site

    HEALTHCARE • MEDICAL DEVICES • NYSE

    $105.56
    -1.28 (-1.20%)

    Market Cap: $21.01B

    Last updated: Nov 06, 2026 at 4:20 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    93%(37/40)
    Avg Surprise
    +7.44%
    Streak
    19 Q

    Upcoming Estimates

    Period ending Dec 31, 2026
    EPS Consensus$2.78
    Range$2.74 - $2.82
    27 analysts
    Revenue Consensus
    $2.4B
    Range$2.3B - $2.4B
    25 analysts
    Last 12 of 40 reported quarters and 1 upcoming estimate
    PeriodReportedEst.RangeSurpriseB/MAnalystsRevisionsYoY
    Dec 26EST
    		-$2.78$2.74 - $2.82--27--
    Sep 26
    Reported Nov 4
    		$1.90$1.89$1.86 - $1.91+0.53%Beat24
    12
    7
    30d
    		+0.0%
    Jun 26
    Reported Aug 5
    		$2.07$2.01$1.98 - $2.05+2.99%Beat24
    0
    3
    30d
    		+0.0%
    Mar 26
    Reported Apr 28
    		$2.09$1.86$1.84 - $1.93+12.37%Beat24
    1
    1
    30d
    		+15.5%
    Dec 25
    Reported Feb 10
    		$2.42$2.40$2.35 - $2.45+0.83%Beat24
    1
    2
    30d
    		+4.8%
    Sep 25
    Reported Nov 5
    		$1.90$1.88$1.72 - $1.95+1.06%Beat24
    2
    5
    30d
    		+9.2%
    Jun 25
    Reported Aug 7
    		$2.07$1.98$1.79 - $2.07+4.55%Beat23
    0
    2
    30d
    		+3.0%
    Mar 25
    Reported May 5
    		$1.81$1.77$1.71 - $1.92+2.26%Beat25
    3
    1
    30d
    		-6.7%
    Dec 24
    Reported Feb 6
    		$2.31$2.29$2.24 - $2.34+0.87%Beat27
    0
    4
    30d
    		+5.0%
    Sep 24
    Reported Oct 30
    		$1.74$1.74$1.63 - $1.96+0.00%Beat26
    0
    1
    30d
    		+5.5%
    Jun 24
    Reported Aug 7
    		$2.01$1.99$1.94 - $2.03+1.00%Beat26
    No revisions (30d)
    		+10.4%
    Mar 24
    Reported May 2
    		$1.94$1.87$1.80 - $1.92+3.74%Beat25
    1
    2
    30d
    		+2.6%
    Dec 23
    Reported Feb 8
    		$2.20$2.16$2.11 - $2.21+1.85%Beat24
    No revisions (30d)
    		+17.0%

    Dividends

    Last ex-dividend: Sep 30, 2026

    Dividend Metrics

    Forward Yield0.91%
    Forward Annual Dividend$0.96
    Payout Ratio9.70%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR+0.00%
    5Y CAGR+0.00%
    ZBH dividend history and ex-dividend datesRun ZBH in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio12.45EV/EBITDA11.94x
    Price/FCF12.24xFCF Yield8.17%
    Profitability
    Profit Margin9.48%Operating Margin18.00%
    ROE6.41%ROIC5.04%
    Financial Health
    Debt/Equity0.59xInterest Coverage4.07x
    Current Ratio1.46xQuick Ratio0.79x
    Trading Statistics
    Beta0.47Avg Volume2.37M
    52-Week High$112.5552-Week Low$78.70

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$99.89
    SMA 20$97.37
    SMA 50$95.01
    SMA 200$91.73
    EMA 10$101.23
    EMA 20$98.42
    EMA 50$95.87
    EMA 200$93.12

    MACD

    Line: 2.95Signal: 1.73Hist: 1.22

    ADX

    ADX: 23.4+DI: 38.7-DI: 14.9

    Aroon & PSAR

    Aroon Up92.0
    Aroon DownN/A
    PSAR$95.10

    Bollinger Bands

    Upper Band$107.10
    Lower Band$87.64
    %B Position1998%(Upper)
    Band Width0.92

    RSI (14-Day)

    Neutral
    64.2

    Momentum Oscillators

    Stoch %K73.0
    Stoch %D74.0
    Williams %R-37.7
    ROC (10d)7.1%
    Momentum7.00
    CCI (20d)171.2
    MFI (14d)52.0

    Volatility Measures

    ATR (14d)$3.49(3.3%)
    StdDev (20d)4.86
    Hist Vol56.3%(High)

    Volume Flow

    VWAP$105.33
    OBV18.1M
    AD Line-439.2M
    CMF (20d)0.167

    Volume Metrics

    Avg Vol (20d)2.4M
    Vol Ratio1.1x
    VWMA (20d)$98.93

    Pivot Points

    R3$115.91
    R2$113.56
    R1$110.21
    Pivot Point$107.85
    S1$104.50
    S2$102.15
    S3$98.79

    Advanced Oscillators

    TSI24.79
    Ultimate Osc62.9
    KST79.87

    Financial Data

    QuarterSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
    Total Revenue$2.06B$2.18B$2.09B$2.24B$2.00B$2.08B$1.91B$2.02B$1.82B$1.94B$1.89B$1.94B
    Cost of Revenue$594.50M$635.50M$576.20M$792.40M$559.30M$592.20M$549.80M$586.70M$538.60M$553.60M$512.30M$538.90M
    Gross Profit$1.47B$1.54B$1.51B$1.45B$1.44B$1.49B$1.36B$1.44B$1.29B$1.39B$1.38B$1.40B
    Operating Expenses$1.16B$1.22B$1.14B$1.30B$1.09B$1.19B$1.07B$1.05B$1.01B$1.04B$1.11B$1.05B
    R&D$105.90M$104.80M$103.40M$118.70M$115.90M$113.30M$110.60M$108.50M$111.60M$109.40M$107.90M$113.30M
    SG&A$855.00M$899.30M$849.90M$872.20M$811.40M$814.80M$758.80M$746.80M$709.70M$737.10M$736.20M$722.30M
    Operating Income$307.60M$326.10M$373.20M$154.50M$351.30M$300.00M$292.30M$389.00M$279.50M$351.30M$265.90M$354.20M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$74.90M$72.90M$68.80M$71.90M$75.40M$79.30M$66.20M$61.90M$54.30M$51.10M$50.70M$50.30M
    Income Before Tax$230.10M$255.10M$301.30M$98.00M$279.20M$224.60M$229.00M$289.00M$230.30M$302.20M$215.10M$284.50M
    Income Tax Expense$37.20M$55.50M$63.00M$-40,000,000$48.00M$71.20M$46.50M$48.90M$-18,900,000$59.10M$42.30M$-135,200,000
    Net Income$191.60M$198.30M$238.10M$139.40M$230.90M$152.80M$182.00M$239.50M$249.10M$242.80M$172.40M$418.90M
    EBITDA$587.10M$598.80M$640.20M$453.90M$638.20M$575.70M$549.60M$614.50M$535.50M$596.50M$504.40M$575.80M
    EBIT$305.10M$328.00M$370.20M$169.90M$354.60M$303.90M$295.20M$350.90M$284.60M$353.30M$265.80M$334.60M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $13.98M
    Gov Obligations / Revenue
    0.2%
    Obligations YoY
    -36.6%
    Active Awards
    1,548
    New Awards (TTM)
    1,525
    Avg Remaining Term
    8.6 mo

    Top agency: Department of Defense at 95.6% of trailing twelve month obligations across 3 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    SPE2D625F1UDUDepartment of DefenseDefense Logistics Agency$646224Aug 27, 2025
    FA860125P0170Department of DefenseDepartment of the Air Force$195000Sep 24, 2025
    SPE2D625F1RAWDepartment of DefenseDefense Logistics Agency$132522Aug 22, 2025
    36C26026P0348Department of Veterans AffairsDepartment of Veterans Affairs$120000Apr 1, 2026
    SPE2D626F68JBDepartment of DefenseDefense Logistics Agency$114000Feb 20, 2026
    SPE2D626F81UNDepartment of DefenseDefense Logistics Agency$110656Mar 2, 2026
    SPE2D625F1QTUDepartment of DefenseDefense Logistics Agency$99392Aug 22, 2025
    SPE2D626F514ZDepartment of DefenseDefense Logistics Agency$86731Nov 26, 2025
    75N90025P00798Department of Health and Human ServicesNational Institutes of Health$82000Sep 30, 2025
    SPE2D626F13C9Department of DefenseDefense Logistics Agency$60986Dec 9, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

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    Zimmer Biomet unveils surgeon-guided autonomy concept for OR tech

    Zimmer Biomet Holdings, Inc. introduced "Surgeon-Guided Autonomy," a new technology framework aiming to connect surgical planning, execution, and recovery through intelligent systems. This concept...

    StreetInsider•11/6/26•Somewhat-Bullish

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    Simply Wall St•11/6/26•Neutral

    Shoulder Innovations Q3FY26 Results: Revenue up 38% to $16.2 million

    Shoulder Innovations reported a significant 38% year-over-year increase in net revenue to $16.2 million for Q3FY26...

    scanx.trade•11/6/26•Neutral

    Gross margin reaches 78.5% as Shoulder Innovations (SI) grows Q3 revenue.

    Shoulder Innovations (SI) reported a 37.7% increase in third-quarter revenue to $16.191 million, up from $11.756 million a year earlier...

    Stock Titan•11/6/26•Somewhat-Bullish

    ZBH Valuation and Fair Value

    P/E
    12.4x
    Forward P/E
    10.7x
    EV/EBITDA
    11.9x
    P/FCF
    12.2x
    PEG
    0.6x
    P/B
    1.6x
    See GNG's fair value

    ZBH Profitability: Margins, ROIC and FCF

    Gross margin
    69.7%
    Operating margin
    18.0%
    Net margin
    9.5%
    ROIC
    5.0%
    ROE
    6.4%
    FCF margin
    19.2%
    FCF yield
    8.2%

    ZBH Competitors

    CompanyTicker
    Viatris IncVTRS
    EXACT Sciences CorporationEXAS
    Tenet Healthcare CorporationTHC
    Medpace Holdings IncMEDP
    Insmed IncINSM
    Hologic IncHOLX
    Incyte CorporationINCY
    Ascendis Pharma ASASND

    Sector: Healthcare

    ZBH Analyst Ratings

    Consensus
    Hold
    Analysts
    27
    Strong Buy
    3
    Buy
    6
    Hold
    18
    Sell
    0
    Strong Sell
    0

    ZBH Bull Case vs Bear Case

    Bull case

    • ZBH converts 19.2% of revenue into free cash flow.
    • ZBH beat EPS estimates in 100.0% of its last 8 reported quarters.

    ZBH Earnings: Beat Rate and Next Report

    Beat rate
    8 of 8 quarters (100.0%)
    Average surprise
    3.2%
    EPS estimate (fiscal period ending Dec 31, 2026)
    $2.78

    ZBH Dividend

    Forward yield
    0.9%
    Payout ratio
    9.7%
    3Y DPS growth
    0.0%
    5Y DPS growth
    0.0%
    Pay months
    Jan, Apr, Jul, Oct
    ZBH dividend history

    ZBH Earnings Date

    ZBH reports Feb 8, 2027, after the close. The date is estimated.

    ZBH Earnings Call

    The latest ZBH earnings call transcript on file is labeled 2026Q3.

    Read the 2026Q3 transcript

    ZBH ETF Holders

    GNG tracks 38 ETFs that hold ZBH. The largest weights:

    1. VanEck Morningstar Wide Moat ETF (MOAT), 2.49% of the fund
    2. iShares U.S. Medical Devices ETF (IHI), 2.42% of the fund
    3. MOTG, 1.86% of the fund
    4. COWS, 1.72% of the fund
    5. State Street SPDR S&P Health Care Equipment ETF (XHE), 1.56% of the fund
    Open the ETF Stock Exposure tool for ZBH

    See insider activity

    Frequently Asked Questions About ZBH

    When is ZBH's next ex-dividend date?

    ZBH has not declared its next regular ex-dividend date yet. Its last ex-dividend date was Sep 30, 2026 ($0.24 per share). Over the last 12 months, ZBH went ex-dividend in Mar, Jun, Sep and Dec.

    When does ZBH report earnings?

    Zimmer Biomet Holdings Inc (ZBH) is expected to report earnings on Feb 8, 2027.

    What is ZBH's current dividend yield?

    Zimmer Biomet Holdings Inc (ZBH) has a forward dividend yield of 0.91%.

    Does ZBH pay dividends?

    Yes, Zimmer Biomet Holdings Inc pays dividends with a forward dividend yield of 0.91%.

    What is ZBH's P/E ratio?

    Zimmer Biomet Holdings Inc has a price-to-earnings (P/E) ratio of 12.45.

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