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Zimmer Biomet Holdings, Inc. (ZBH) Stock: Price, Forecast & Analyst Target

Zimmer Biomet Holdings, Inc. (ZBH) — MoonshotScore 80/100 (Exceptional band), calculated Oct 5, 2026. Price $88.29 (+0.26%), as of the Oct 2, 2026 trading session; market cap $17.1B. Expected results Nov 4, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 41.71× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Nov 4, 2026

$88.29 +$0.23 (+0.26%) Market Cap $17.1B

Zimmer Biomet Holdings, Inc. · ZBH · NYSE · Healthcare · Medical - Devices

Research dated 2026-09-12: Zimmer Biomet sells orthopedic reconstruction systems led by knee and hip products, alongside sports medicine, trauma, extremities, spine, dental and related surgical offerings across major global regions. The unresolved tension is whether spending on the United States commercial organization can translate product demand into durable growth without prolonging margin pressure.

Price as of Oct 2, 2026

Key Statistics

80 of 100

MoonshotScore v2 · Zimmer Biomet Holdings (ZBH)

Exceptional
Business Quality Elite (85)
Financial Safety Okay (40)
Valuation Fair (79)
Growth Durability Compounding (84)
Momentum Rising (66)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

High quality and durable growth, at a cheap price, though the balance sheet is only middling. Business Quality: Elite; Financial Safety: Okay; Valuation: Fair; Growth Durability: Compounding; Momentum: Rising.

  • quarterly revenue $2.18B (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 6 of 8
  • Altman Z 2.40 · Piotroski F 7

Helping: business quality, an attractive price, durable growth

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for ZBH (29 recorded, newest six shown)
RecordedScoreBand
79Strong
79Strong
79Strong
79Strong
80Exceptional
80Exceptional

The score was 80 in the stored Oct 4, 2026 snapshot and remains 80 in the current publication computed Oct 5, 2026 (0); the largest pillar moves were Growth Durability -1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged. This current publication is not yet represented in the immutable snapshot archive.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$88.29
Change on the day+0.26%
52-week range$79.12 – $106.88
Market capitalisation$17.1B
Price / earnings (trailing)21.38
Shares traded on the day1.98M
Beta (volatility vs the S&P 500)0.47
Dividends per share (last 12 months)$0.96
Dividend yield (last 12 months)1.09%

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $82, high $106, latest $88. 4 reported quarters marked, 4 above and 0 below the recorded estimate. 1 other dated event marked. $106 $82 high $106 Nov 5, 2025 · Earnings results · reported above the recorded estimate · close $891Feb 10, 2026 · Earnings results · reported above the recorded estimate · close $962Apr 28, 2026 · Earnings results · reported above the recorded estimate · close $833Aug 5, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $974Aug 5, 2026 · Earnings results · reported above the recorded estimate · close $975 Sep 5, 2025 Oct 2, 2026 · $88 $106Sep 5, 2025$100Sep 19, 2025$101Oct 3, 2025$102Oct 17, 2025$101Oct 31, 2025$90Nov 14, 2025$98Nov 28, 2025$92Dec 12, 2025$91Dec 26, 2025$93Jan 9, 2026$87Jan 23, 2026$90Feb 6, 2026$99Feb 20, 2026$94Mar 6, 2026$88Mar 20, 2026$91Apr 2, 2026$95Apr 17, 2026$83May 1, 2026$84May 15, 2026$82May 29, 2026$89Jun 12, 2026$93Jun 26, 2026$91Jul 10, 2026$91Jul 24, 2026$97Aug 7, 2026$101Aug 21, 2026$98Sep 4, 2026$95Sep 18, 2026$88Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · management outlook
  • · Earnings results · above the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

Dated events ahead, in order, not to scaleOct 30, 2026, Dividend payment date; Nov 4, 2026, Next results due. Spacing is order only and carries no duration.Oct 2, 20261Oct 30, 20262Nov 4, 2026
  1. Dividend payment dateCompany record
  2. Next results dueProvider estimate

Management outlook

  • Regarding our updated outlook for the full year 2026. As Ivan mentioned, we now expect organic constant currency revenue growth of 2.25% to 3.25%, up from 1% to 3% previously.

    Paul Stellato · Statement from

  • For the full year, we continue to expect gross margin to be around 71%, and we now forecast operating margins to decline a little more than 50 basis points, reflecting the aforementioned investments in our U.S. commercial organization.

    Paul Stellato · Statement from

Chronological order, not a duration scale. Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Other perspectives

Council score for Zimmer Biomet Holdings (ZBH): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Strong
Momentum Moderate
Business Quality Strong
Financial Safety Neutral
Valuation Moderate

Legends Council

6 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Favorable read
Simons-style lens (simulated) Jim Simons Favorable read
Englander-style lens (simulated) Izzy Englander Neutral read
Klarman-style lens (simulated) Seth Klarman Favorable read
Moon AI lens (model) Favorable read

Read on: Oct 2, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Neutral
Margin of Safety Undervalued
Profit Margin Neutral
Revenue Growth Neutral
Debt/Equity Weak
ROE Neutral
Gross Margin Strong

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 10, 2026, the Munger lens read the price at that time as undervalued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the ZBH film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Zimmer Biomet Holdings (ZBH), and what does it report?

Short answer · as of

Zimmer Biomet is an orthopedic reconstruction specialist rather than a general hospital-equipment vendor.

Research dated 2026-09-12.

Zimmer Biomet is an orthopedic reconstruction specialist rather than a general hospital-equipment vendor. It designs, manufactures and markets products used in joint reconstruction and related surgical fields, so revenue reflects demand for implants and surgical products across procedures and markets.

Reporting uses a geographic lens across the Americas, Europe, the Middle East, Africa and Asia Pacific, while the product view separates knees, hips and S E T. Knees form the largest disclosed product pool, making joint reconstruction more important to the revenue mix than the broad medical-device label suggests.

Sources (as of 2026-09-12): Sector / industry (provider taxonomy); Business description; Revenue by segment

2 · Latest results

What do the latest results show for Zimmer Biomet Holdings (ZBH)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $2.18B.

Research dated 2026-09-12.

The latest quarter delivered higher revenue and gross profit than the preceding period and the comparable prior period. Operating profit, net income and diluted earnings per share retreated sequentially but improved against the comparable period, showing that growth has not yet produced a smooth profit progression.

Estimate comparisons use an adjusted earnings series that sits above reported diluted earnings per share, so an earnings beat and the statutory profit trend answer different questions. Management raised its organic constant-currency revenue outlook and expects foreign exchange to help reported growth, while forecasting further operating-margin pressure from investment in the United States commercial organization. Selling and administrative expense rose sequentially and against the comparable period, consistent with that explanation without proving causation.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Reported versus estimated, last 8 quarters; Management outlook — dated call excerpts

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$2.18B Jun 30, 2026
Latest quarter · R&D
$104.80M Jun 30, 2026
Latest quarter · SG&A
$899.30M Jun 30, 2026
Latest quarter · FMP standardized operating result
$326.10M Jun 30, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026$2.18B$104.80M$899.30M$326.10M
Mar 31, 2026$2.09B$103.40M$849.90M$373.20M
Dec 31, 2025$2.24B$118.80M$867.10M$287.80M
Sep 30, 2025$2.00B$115.90M$811.40M$351.30M

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$2.18B Aug 5, 2026
Latest report · revenue estimate
$2.13B Aug 5, 2026
Latest report · revenue vs estimate
Above estimate Aug 5, 2026
Latest report · EPS vs estimate
Above estimate Aug 5, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Aug 5, 2026$2.18B$2.13B$2.0700$2.0100
Apr 28, 2026$2.09B$2.07B$2.0900$1.8600
Feb 10, 2026$2.24B$2.22B$2.4200$2.3800
Nov 5, 2025$2.00B$2.01B$1.9000$1.8700

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$2.18B$198M$1.03 (diluted)
Q1 FY2026$2.09B$238M$1.22 (diluted)
Q4 FY2025$2.24B$140M$0.70 (diluted)
Q3 FY2025$2.00B$231M$1.16 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Zimmer Biomet Holdings (ZBH)?

Short answer

Cash and short-term investments were $410.00M at the Jun 30, 2026 balance-sheet date. Operating cash flow was $447.80M for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.

Research dated 2026-09-12.

Operating cash flow remained positive throughout the reported series and strengthened in the latest quarter against the preceding and comparable periods. Liquidity ratios remain above parity, free cash flow is meaningful relative to market value, and the regular dividend has continued at an unchanged recent rate.

The balance sheet is nevertheless far from a net-cash position. Debt vastly exceeds cash and short-term investments, while cash ended below its level at the start of the reported window despite considerable fluctuations between periods. Rising annual revenue accompanied falling net income in the latest year, so sustained cash conversion matters more than revenue growth alone when assessing the leverage burden.

Sources (as of 2026-09-12): Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash decline over the reported window; Cash against market value; Trailing twelve-month ratio set; Annual revenue and net result (USD millions); Recent dividends paid; Next scheduled dividend

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
$447.80M Jun 30, 2026
Previous quarter · operating cash flow
$359.40M Mar 31, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jun 30, 2026$447.80M−$116.40M
Mar 31, 2026$359.40M−$75.30M
Dec 31, 2025$517.30M$151.40M
Sep 30, 2025$418.70M$127.10M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at Zimmer Biomet Holdings (ZBH)?

Short answer · as of

The next earnings report is expected on Nov 4, 2026.

Research dated 2026-09-12.

At the scheduled earnings release, separate organic constant-currency growth from the expected foreign-exchange benefit. Operating margin and selling expense deserve particular attention because management has guided to a further sequential margin decline while attributing pressure to commercial investment.

Adjusted earnings have met or exceeded estimates throughout the displayed history, while revenue recorded an isolated miss. Continued beats would carry less information than evidence that reported operating profit and operating cash flow are strengthening alongside sales. Longer-range consensus assumes rising revenue and earnings per share, making progress in knees, hips and S E T—and either a cash rebuild or debt reduction—the more useful confirmation points.

Sources (as of 2026-09-12): Next earnings report; Reported versus estimated, last 8 quarters; Analyst revenue and earnings estimates (average); Management outlook — dated call excerpts; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Revenue by segment; Cash and short-term investments over time (USD millions); Cash, investments and debt

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. Regarding our updated outlook for the full year 2026. As Ivan mentioned, we now expect organic constant currency revenue growth of 2.25% to 3.25%, up from 1% to 3% previously.

    Paul Stellato ·

  2. For the full year, we continue to expect gross margin to be around 71%, and we now forecast operating margins to decline a little more than 50 basis points, reflecting the aforementioned investments in our U.S. commercial organization.

    Paul Stellato ·

  3. We continue to anticipate foreign exchange to be an approximate 50 basis point tailwind to full year revenue growth.

    Paul Stellato ·

  4. Within that, we anticipate third quarter operating margins to be down slightly on a sequential basis from the second quarter.

    Paul Stellato ·

5 · Peer comparison

How does Zimmer Biomet Holdings compare with its peers?

Short answer

Zimmer Biomet Holdings's score ranks 10th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

Zimmer Biomet belongs beside diversified orthopedic reconstruction businesses, not broad device makers centered on diagnostics or monitoring. Its disclosed mix is anchored by knees, followed by hips and S E T, while geographic reach spans major markets across the Americas, Europe, the Middle East, Africa and Asia Pacific.

That combination concentrates the economics around musculoskeletal procedures despite broad geographic coverage. Gross profitability is substantial, but current commercial spending is pressing operating margin, so comparison with similar businesses should emphasize conversion of gross profit into operating profit and cash after selling and research expense rather than sales growth in isolation.

Sources (as of 2026-09-12): Business description; Revenue by segment; Trailing twelve-month ratio set; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Management outlook — dated call excerpts

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
United Therapeutics Corporation (UTHR) Named competitor$541.70 Oct 2, 2026$23.0B97 5-pillar Oct 5, 2026
DexCom, Inc. (DXCM) Named competitor$85.36 Oct 2, 2026$32.2B96 5-pillar Oct 5, 2026
Globus Medical, Inc. (GMED) Same industry, near in market value$75.60 Oct 2, 2026$10.2B96 5-pillar Oct 5, 2026
Penumbra, Inc. (PEN) Same industry, near in market value$317.55 Oct 2, 2026$12.5B95 5-pillar Oct 5, 2026
Edwards Lifesciences Corporation (EW) Same industry, near in market value$85.15 Oct 2, 2026$49.0B90 5-pillar Oct 5, 2026
STERIS plc (STE) Named competitor$208.54 Oct 2, 2026$20.3B87 5-pillar Oct 5, 2026
Smith & Nephew plc (SNN) Same industry, near in market value$26.42 Oct 2, 2026$11.1B87 5-pillar Oct 5, 2026
Align Technology, Inc. (ALGN) Same industry, near in market value$143.74 Oct 2, 2026$10.3B83 5-pillar Oct 5, 2026
Insulet Corporation (PODD) Same industry, near in market value$131.69 Oct 2, 2026$9.12B83 5-pillar Oct 5, 2026
Zimmer Biomet Holdings (ZBH) — this page$88.29$17.1B80
Quest Diagnostics Incorporated (DGX) Named competitor$233.24 Oct 2, 2026$25.7B74 5-pillar Oct 5, 2026
Koninklijke Philips N.V. (PHG) Same industry, near in market value$23.92 Oct 2, 2026$23.4B74 5-pillar Oct 5, 2026
Labcorp Holdings Inc. (LH) Named competitor$308.49 Oct 2, 2026$25.3B71 5-pillar Oct 5, 2026

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Healthcare stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$93.00 – $120.00
Consensus target
$103.11
Median target
$104.00

Consensus record · Captured .

Measured against a quoted price of $88.29 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 30, 2026

Transactions
41
Identified insiders
14
Purchases
0
Sales
4
Other transactions
37

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Reporting holders
933 Period end Jun 30, 2026
Previous quarter · holders
932 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Dodge & Cox24,124,735
Blackrock, INC.15,614,847
Harris Associates L P12,738,025
Vanguard Capital Management LLC12,634,937
Capital International Investors12,183,614

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about Zimmer Biomet Holdings (ZBH)?

Read these with our analysis →

Common Questions About ZBH (Healthcare)

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.

Why are knees so important to Zimmer Biomet?

Knees are Zimmer Biomet’s largest disclosed product revenue category, ahead of hips and S E T. Their scale means changes in knee-product demand can materially shape companywide growth even though the portfolio extends across many orthopedic and surgical fields.

Sources (as of 2026-09-12): Revenue by segment; Business description

Why can Zimmer Biomet revenue rise while reported earnings fall?

Revenue and gross profit can advance while selling expense absorbs more of the gain. The latest sequential comparison shows exactly that pattern, and management links expected operating-margin pressure to investment in the United States commercial organization.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Management outlook — dated call excerpts

Why do Zimmer Biomet’s adjusted and diluted earnings differ?

The estimate history compares an adjusted earnings measure, while the income statement presents diluted earnings under the reported accounting basis. An estimate beat therefore does not mean reported net income or diluted earnings improved sequentially.

Sources (as of 2026-09-12): Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands)

Why does Zimmer Biomet report by geography when knees lead product revenue?

The geographic segments show where Zimmer Biomet operates, while the product categories show what generates sales. Reading them together reveals a globally distributed business whose disclosed product mix remains concentrated in joint reconstruction.

Sources (as of 2026-09-12): Business description; Revenue by segment

What is the ZBH stock price today?

The last price recorded on this page for Zimmer Biomet Holdings, Inc. (ZBH) is $88.29, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the ZBH price target?

The analyst consensus price target for Zimmer Biomet Holdings, Inc. (ZBH) is $103.11 (range $93.00 to $120.00, median $104.00), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Does ZBH pay a dividend?

Yes. Zimmer Biomet Holdings, Inc. (ZBH) shows a trailing 12-month dividend yield of 1.09%, as of Oct 2, 2026, in the data on this page. Payout ratio and cash-flow coverage decide whether it can last, and past dividends do not guarantee future payments.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Legal name; Business description; Revenue by segment; Management outlook — dated call excerpts

Sources — records for every figure on this page (83 figures)

The 83 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsPaul Stellato (Aug 5, 2026): Regarding our updated outlook for the full year 2026. As Ivan mentioned, we now expect organic constant currency revenue growth of 2.25% to 3.25%, up from 1% to 3% previously. Paul Stellato (Aug 5, 2026): For the full year, we continue to expect gross margin to be around 71%, and we now forecast operating margins to decline a little more than 50 basis points, reflecting the aforementioned investments in our U.S. commercial organization. Paul Stellato (Aug 5, 2026): We continue to anticipate foreign exchange to be an approximate 50 basis point tailwind to full year revenue growth. Paul Stellato (Aug 5, 2026): Within that, we anticipate third quarter operating margins to be down slightly on a sequential basis from the second quarter.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressWarsaw, INOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "345 East Main Street, Warsaw, IN, 46580, US".

FMP — 71 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateNov 4, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
px.lastLatest provided price$88.29FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T20:54:41.943Z.
px.changeChange on the day+0.26%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$17.1BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:02:17.000Z. Captured from FMP at 2026-10-04T20:54:40.898Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars+$0.23FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$2.18BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.pePrice / earnings (trailing)21.38FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day1.98MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta0.47FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveIvan TornosFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees17,000FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2021 through FY2025: FY2021 revenue $6.83B, net result $401.60M; FY2022 revenue $6.94B, net result $231.40M; FY2023 revenue $7.39B, net result $1.02B; FY2024 revenue $7.68B, net result $903.80M; FY2025 revenue $8.23B, net result $705.20MFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsHips $2.09B · Knees $3.32B · S E T $2.15BFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)69.9%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-06-30.revenue_kRevenue — period end 2026-06-30$2.18BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.rd_kR&D — period end 2026-06-30$104.80MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.sga_kSG&A — period end 2026-06-30$899.30MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.operating_result_kFMP standardized operating result — period end 2026-06-30$326.10MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.revenue_kRevenue — period end 2026-03-31$2.09BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.rd_kR&D — period end 2026-03-31$103.40MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.sga_kSG&A — period end 2026-03-31$849.90MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.operating_result_kFMP standardized operating result — period end 2026-03-31$373.20MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.revenue_kRevenue — period end 2025-12-31$2.24BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.rd_kR&D — period end 2025-12-31$118.80MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.sga_kSG&A — period end 2025-12-31$867.10MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.operating_result_kFMP standardized operating result — period end 2025-12-31$287.80MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.revenue_kRevenue — period end 2025-09-30$2.00BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.rd_kR&D — period end 2025-09-30$115.90MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.sga_kSG&A — period end 2025-09-30$811.40MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.operating_result_kFMP standardized operating result — period end 2025-09-30$351.30MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-08-05.revenue_actualRevenue · reported — report date 2026-08-05$2.18BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-05.revenue_estimatedRevenue · estimate — report date 2026-08-05$2.13BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-05.eps_actualEPS · reported — report date 2026-08-05$2.0700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-05.eps_estimatedEPS · estimate — report date 2026-08-05$2.0100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-28.revenue_actualRevenue · reported — report date 2026-04-28$2.09BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-28.revenue_estimatedRevenue · estimate — report date 2026-04-28$2.07BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-28.eps_actualEPS · reported — report date 2026-04-28$2.0900Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-28.eps_estimatedEPS · estimate — report date 2026-04-28$1.8600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.revenue_actualRevenue · reported — report date 2026-02-10$2.24BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.revenue_estimatedRevenue · estimate — report date 2026-02-10$2.22BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.eps_actualEPS · reported — report date 2026-02-10$2.4200Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-10.eps_estimatedEPS · estimate — report date 2026-02-10$2.3800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-05.revenue_actualRevenue · reported — report date 2025-11-05$2.00BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-05.revenue_estimatedRevenue · estimate — report date 2025-11-05$2.01BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-05.eps_actualEPS · reported — report date 2025-11-05$1.9000Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-05.eps_estimatedEPS · estimate — report date 2025-11-05$1.8700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$410.00MFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow$447.80MFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$7.48BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value1.34×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-06-30.operating_cash_flow_mOperating cash flow — period end 2026-06-30$447.80MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.operating_cash_flow_mOperating cash flow — period end 2026-03-31$359.40MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-06-30.capex_mCapital expenditure (reported) — period end 2026-06-30−$116.40MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.capex_mCapital expenditure (reported) — period end 2026-03-31−$75.30MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.operating_cash_flow_mOperating cash flow — period end 2025-12-31$517.30MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.capex_mCapital expenditure (reported) — period end 2025-12-31$151.40MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.operating_cash_flow_mOperating cash flow — period end 2025-09-30$418.70MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.capex_mCapital expenditure (reported) — period end 2025-09-30$127.10MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$93.00 – $120.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$103.11FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$104.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP41 transactions · 0 purchases, 4 sales, 37 other transactions · 14 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 30, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.holdersReporting holders933FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders932FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesDodge & Cox — shares in provider snapshot24,124,735FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesBlackrock, INC. — shares in provider snapshot15,614,847FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesHarris Associates L P — shares in provider snapshot12,738,025FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesVanguard Capital Management LLC — shares in provider snapshot12,634,937FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesCapital International Investors — shares in provider snapshot12,183,614FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 3 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 6 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-04
fin.scoresDistress and quality screensAltman Z 2.40 · Piotroski F 7UNRECORDEDStored financial-scores observation — Captured 2026-10-03 · Expired observation
px.range5252-week range$79.12 – $106.88UNRECORDEDStored company-profile observation — Captured 2026-10-04

COMPUTED — 5 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments41.71×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $410.00M at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio.
div.ttm_per_shareDividends per share, last 12 months (split-adjusted)$0.96COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-05, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate.
div.ttm_yieldDividend yield, last 12 months1.09%COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate.
earn.history.depth.2026-08-05.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($2.18B) with the recorded estimate ($2.13B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-08-05.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($2.0700) with the recorded estimate ($2.0100) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v280 of 100 · Exceptional · pillars 85 / 40 / 79 / 84 / 66OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement80 (stored snapshot Oct 4, 2026) → 80 (current publication computed Oct 5, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots — The current score publication is not yet represented in the immutable snapshot archive.

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-06-30.revenue_k, fin.q_table.depth.2026-06-30.rd_k, fin.q_table.depth.2026-06-30.sga_k, fin.q_table.depth.2026-06-30.operating_result_k, fin.q_table.depth.2026-03-31.revenue_k, fin.q_table.depth.2026-03-31.rd_k, fin.q_table.depth.2026-03-31.sga_k, fin.q_table.depth.2026-03-31.operating_result_k, fin.q_table.depth.2025-12-31.revenue_k, fin.q_table.depth.2025-12-31.rd_k, fin.q_table.depth.2025-12-31.sga_k, fin.q_table.depth.2025-12-31.operating_result_k, fin.q_table.depth.2025-09-30.revenue_k, fin.q_table.depth.2025-09-30.rd_k, fin.q_table.depth.2025-09-30.sga_k, fin.q_table.depth.2025-09-30.operating_result_k.
  2. Earnings-history note. Source series as of 2026-08-05. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-08-05.revenue_actual, earn.history.depth.2026-08-05.revenue_estimated, earn.history.depth.2026-08-05.revenue_actual.comparison, earn.history.depth.2026-08-05.eps_actual.comparison, earn.history.depth.2026-08-05.eps_actual, earn.history.depth.2026-08-05.eps_estimated, earn.history.depth.2026-04-28.revenue_actual, earn.history.depth.2026-04-28.revenue_estimated, earn.history.depth.2026-04-28.eps_actual, earn.history.depth.2026-04-28.eps_estimated, earn.history.depth.2026-02-10.revenue_actual, earn.history.depth.2026-02-10.revenue_estimated, earn.history.depth.2026-02-10.eps_actual, earn.history.depth.2026-02-10.eps_estimated, earn.history.depth.2025-11-05.revenue_actual, earn.history.depth.2025-11-05.revenue_estimated, earn.history.depth.2025-11-05.eps_actual, earn.history.depth.2025-11-05.eps_estimated.
  3. Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-06-30.operating_cash_flow_m, fin.opcf.depth.2026-03-31.operating_cash_flow_m, fin.opcf.depth.2026-06-30.capex_m, fin.opcf.depth.2026-03-31.capex_m, fin.opcf.depth.2025-12-31.operating_cash_flow_m, fin.opcf.depth.2025-12-31.capex_m, fin.opcf.depth.2025-09-30.operating_cash_flow_m, fin.opcf.depth.2025-09-30.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Legal name
ZIMMER BIOMET HOLDINGS, INC.

Our market-data provider lists the name as "Zimmer Biomet Holdings, Inc."; the filer's own record is used here.

2026-02-20OFFICIALSEC EDGAR — 10-K filed 2026-02-20
Business description
Zimmer Biomet Holdings, Inc. engages in the design, manufacture, and marketing of orthopedic reconstructive products. The firm also offers sports medicine, biologics, extremities, and trauma products, spine, craniomaxillofacial, and thoracic products, office-based technologies, dental implants, and related surgical products. It operates through the following geographical segments: Americas, Europe Middle East and Africa, and Asia Pacific. The Americas segment consists of the U.S. and includes other North, Central and South American markets. The Europe Middle East and Africa segment includes France, Germany, Italy, Spain, and the United Kingdom. The Asia Pacific segment refers to the key markets such as Japan, China, Australia, New Zealand, Korea, Taiwan, India, Thailand, Singapore, Hong Kong, and Malaysia. The company was founded by Justin O. Zimmer in 1927 and is headquartered in Warsaw, IN.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Hips: $2.09B; Knees: $3.32B; S E T: $2.15B
2025-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Management outlook — dated call excerpts
Captured record · 4 entries
  • Call of 2026-08-05 — Quote: Regarding our updated outlook for the full year 2026. As Ivan mentioned, we now expect organic constant currency revenue growth of 2.25% to 3.25%, up from 1% to 3% previously., Speaker: Paul Stellato
  • Call of 2026-08-05 — Quote: For the full year, we continue to expect gross margin to be around 71%, and we now forecast operating margins to decline a little more than 50 basis points, reflecting the aforementioned investments in our U.S. commercial organization., Speaker: Paul Stellato
  • Call of 2026-08-05 — Quote: We continue to anticipate foreign exchange to be an approximate 50 basis point tailwind to full year revenue growth., Speaker: Paul Stellato
  • Call of 2026-08-05 — Quote: Within that, we anticipate third quarter operating margins to be down slightly on a sequential basis from the second quarter., Speaker: Paul Stellato

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-08-05OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Sector / industry (provider taxonomy)
Healthcare / Medical - Devices

The company's SEC filings classify it under SIC 3842 — Orthopedic, Prosthetic & Surgical Appliances & Supplies.

2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: $1.03 per share, R&D: $104.80M, SG&A: $899.30M, EPS basic: $1.03 per share, EPS basis: diluted, Revenue: $2.18B, EPS diluted: $1.03 per share, Net result: $198.30M, Gross profit: $1.54B, Operating result: $326.10M
  • Quarter ended 2026-03-31 — EPS: $1.22 per share, R&D: $103.40M, SG&A: $849.90M, EPS basic: $1.22 per share, EPS basis: diluted, Revenue: $2.09B, EPS diluted: $1.22 per share, Net result: $238.10M, Gross profit: $1.51B, Operating result: $373.20M
  • Quarter ended 2025-12-31 — EPS: $0.7 per share, R&D: $118.80M, SG&A: $867.10M, EPS basic: $0.71 per share, EPS basis: diluted, Revenue: $2.24B, EPS diluted: $0.7 per share, Net result: $139.50M, Gross profit: $1.45B, Operating result: $287.80M
  • Quarter ended 2025-09-30 — EPS: $1.16 per share, R&D: $115.90M, SG&A: $811.40M, EPS basic: $1.17 per share, EPS basis: diluted, Revenue: $2.00B, EPS diluted: $1.16 per share, Net result: $230.90M, Gross profit: $1.44B, Operating result: $351.30M
  • Quarter ended 2025-06-30 — EPS: $0.77 per share, R&D: $113.30M, SG&A: $814.80M, EPS basic: $0.77 per share, EPS basis: diluted, Revenue: $2.08B, EPS diluted: $0.77 per share, Net result: $152.80M, Gross profit: $1.49B, Operating result: $300.00M
  • Quarter ended 2025-03-31 — EPS: $0.91 per share, R&D: $110.60M, SG&A: $758.80M, EPS basic: $0.92 per share, EPS basis: diluted, Revenue: $1.91B, EPS diluted: $0.91 per share, Net result: $182.00M, Gross profit: $1.36B, Operating result: $292.30M
  • Quarter ended 2024-12-31 — EPS: $1.2 per share, R&D: $108.50M, SG&A: $746.90M, EPS basic: $1.2 per share, EPS basis: diluted, Revenue: $2.02B, EPS diluted: $1.2 per share, Net result: $239.50M, Gross profit: $1.44B, Operating result: $389.00M
  • Quarter ended 2024-09-30 — EPS: $1.23 per share, R&D: $111.60M, SG&A: $709.70M, EPS basic: $1.23 per share, EPS basis: diluted, Revenue: $1.82B, EPS diluted: $1.23 per share, Net result: $249.10M, Gross profit: $1.29B, Operating result: $279.50M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $458.50M, Revenue: $8.23B, Period end: 2025-12-31, Net result: $705.20M
  • FY2024 — R&D: $437.40M, Revenue: $7.68B, Period end: 2024-12-31, Net result: $903.80M
  • FY2023 — R&D: $458.70M, Revenue: $7.39B, Period end: 2023-12-31, Net result: $1.02B
  • FY2022 — R&D: $406.00M, Revenue: $6.94B, Period end: 2022-12-31, Net result: $231.40M
  • FY2021 — R&D: $435.80M, Revenue: $6.83B, Period end: 2021-12-31, Net result: $401.60M
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-08-05 — EPS actual: $2.07 per share, EPS estimated: $2.01 per share, Revenue actual: $2.18B, Revenue estimated: $2.13B
  • Reported 2026-04-28 — EPS actual: $2.09 per share, EPS estimated: $1.86 per share, Revenue actual: $2.09B, Revenue estimated: $2.07B
  • Reported 2026-02-10 — EPS actual: $2.42 per share, EPS estimated: $2.38 per share, Revenue actual: $2.24B, Revenue estimated: $2.22B
  • Reported 2025-11-05 — EPS actual: $1.9 per share, EPS estimated: $1.87 per share, Revenue actual: $2.00B, Revenue estimated: $2.01B
  • Reported 2025-08-07 — EPS actual: $2.07 per share, EPS estimated: $1.98 per share, Revenue actual: $2.08B, Revenue estimated: $2.06B
  • Reported 2025-05-05 — EPS actual: $1.81 per share, EPS estimated: $1.77 per share, Revenue actual: $1.91B, Revenue estimated: $1.90B
  • Reported 2025-02-06 — EPS actual: $2.31 per share, EPS estimated: $2.3 per share, Revenue actual: $2.02B, Revenue estimated: $2.01B
  • Reported 2024-10-30 — EPS actual: $1.74 per share, EPS estimated: $1.74 per share, Revenue actual: $1.82B, Revenue estimated: $1.80B
2026-08-05FMPFinancial Modeling Prep (FMP) earnings
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$116.40M, Operating cash flow: $447.80M
  • Quarter ended 2026-03-31 — Capital expenditure: -$75.30M, Operating cash flow: $359.40M
  • Quarter ended 2025-12-31 — Capital expenditure: $151.40M, Operating cash flow: $517.30M
  • Quarter ended 2025-09-30 — Capital expenditure: $127.10M, Operating cash flow: $418.70M
  • Quarter ended 2025-06-30 — Capital expenditure: -$80.10M, Operating cash flow: $378.20M
  • Quarter ended 2025-03-31 — Capital expenditure: -$47.00M, Operating cash flow: $382.80M
  • Quarter ended 2024-12-31 — Capital expenditure: -$84.90M, Operating cash flow: $506.30M
  • Quarter ended 2024-09-30 — Capital expenditure: -$27.10M, Operating cash flow: $395.70M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Cash, investments and debt
Total debt: $7.48B; Liquidity basis: cash and short-term investments; Total liabilities: $10.17B; Cash and short-term investments: $410.00M; Cash and investments: $410.00M; Long-term investments: $0; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and investment components
Total basis: cash short and long-term investments; Total: $410.00M; Cash and short-term investments: $410.00M; Long-term investments: $0; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $410.00M, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $424.20M, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $591.90M, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $1.29B, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $556.90M, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $1.38B, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $525.50M, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $569.00M, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash decline over the reported window
To: 2026-06-30; From: 2024-09-30; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $410.00M; Decline: $159.00M; Opening balance: $569.00M; Average change per period: $22.70M

Change in cash, cash equivalents and short-term investments between the 2024-09-30 and 2026-06-30 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length.

2026-06-30COMPUTEDComputed from reported balances
Cash against market value
As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: -$7.07B; Total debt: $7.48B; Cash and investments: $410.00M

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-06-30COMPUTEDComputed from the balance sheet and the latest market capitalization
Trailing twelve-month ratio set
Quick ratio: 1.69; Current ratio: 1.69; Debt to equity: 0.59; Net margin: 9.5%; Gross margin: 69.9%; Operating margin: 15.7%; Return on assets: 3.5%; Return on equity: 6.4%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Recent dividends paid
Captured record · 4 entries
  • Ex date: 2026-06-25, Payment date: 2026-07-31, Amount per share: $0.24
  • Ex date: 2026-03-31, Payment date: 2026-04-30, Amount per share: $0.24
  • Ex date: 2025-12-30, Payment date: 2026-01-30, Amount per share: $0.24
  • Ex date: 2025-09-30, Payment date: 2025-10-31, Amount per share: $0.24

Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here.

2026-06-25FMPFinancial Modeling Prep (FMP) dividend history
Next scheduled dividend
Ex date: 2026-09-30; Declared on: 2026-08-28; Record date: 2026-09-30; Payment date: 2026-10-30; Amount per share: $0.24

Amount is per share as declared, before any withholding. Owning the share before the ex-date is what carries entitlement.

2026-08-28FMPFinancial Modeling Prep (FMP) dividend calendar
Next earnings report
Date: 2026-11-04; EPS estimate: $1.89 per share; Revenue estimate: $2.04B

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2027 — EPS average: $9.07 per share, Revenue average: $8.91B, Revenue low: $8.81B, Revenue high: $9.01B, Analysts (revenue): 20
  • FY2028 — EPS average: $9.73 per share, Revenue average: $9.26B, Revenue low: $9.05B, Revenue high: $9.49B, Analysts (revenue): 20
  • FY2029 — EPS average: $10.44 per share, Revenue average: $9.65B, Revenue low: $9.54B, Revenue high: $9.76B, Analysts (revenue): 10
  • FY2030 — EPS average: $11.12 per share, Revenue average: $10.12B, Revenue low: $10.01B, Revenue high: $10.23B, Analysts (revenue): 10
2026-09-12FMPFinancial Modeling Prep (FMP) analyst estimates
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold ZBH

Funds in our ETF coverage that list ZBH among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
LGHT ETF4.23%