Zimmer Biomet Holdings, Inc. (ZBH) Stock Price & Analysis
Zimmer Biomet Holdings, Inc. (ZBH) closed at USD 98.81 on Thursday, October 22, 2026, up 4.16% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 98.81; the Oct 22, 2026 session ranged USD 95.43–98.92 on volume of 2,223,554 shares. Market capitalization is —, with a 52-week range of USD 79.12–104.15 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ZBH.md
Key facts (ZBH)
- Last four reported quarters (through Jun 30, 2026): revenue $8.51B, net income $807M (9.5% margin), free cash flow $1.52B (SEC filings).
- 7 of 80 tracked superinvestors hold ZBH (13F, Q2 2026): 0 new, 1 added, 6 reduced, 0 unchanged.
- Total return with dividends: 1Y -3.2% vs S&P 500 +14.9%; 5Y -29.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 1.88, revenue estimate $2.04B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ZBH)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.83B | $6.94B | $7.39B | $7.68B | $8.23B | $8.51B |
| Gross profit | $4.87B | $4.92B | $5.31B | $5.49B | $5.74B | — |
| Operating income | $860M | $696M | $1.28B | $1.29B | $1.10B | $1.21B |
| Net income | $402M | $231M | $1.02B | $904M | $705M | $807M |
| EPS (diluted) | $1.91 | $1.10 | $4.88 | $4.43 | $3.55 | — |
| Free cash flow | $1.36B | $1.17B | $1.29B | $1.30B | $1.47B | $1.52B |
| Gross margin | 71.3% | 70.9% | 71.8% | 71.5% | 69.7% | — |
| Operating margin | 12.6% | 10.0% | 17.3% | 16.7% | 13.3% | 14.2% |
| Net margin | 5.9% | 3.3% | 13.8% | 11.8% | 8.6% | 9.5% |
| Revenue growth | +11.4% | +1.6% | +6.5% | +3.8% | +7.2% | — |
| Cash + short-term investments | $378M | $376M | $416M | $526M | $592M | — |
| Total debt | $7.07B | $5.70B | $5.80B | $6.20B | $7.52B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ZBH)
P/E at fiscal year-ends: Dec 2025 25.3x, Dec 2024 23.8x, Dec 2023 24.9x.
Superinvestors (SEC 13F-HR, Q2 2026) (ZBH)
7 of 80 tracked investors hold ZBH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Hillman Capital | Hillman Capital Management | 3.36% | $4.6M | Reduced -3.1% |
| Harry Burn | Sound Shore | 2.11% | $68.4M | Reduced -24.5% |
| Bill Nygren | Oakmark Funds | 1.46% | $1.10B | Reduced -1.7% |
| Dodge & Cox Funds | Dodge & Cox | 1.09% | $2.08B | Added +2.5% |
| Sarah Ketterer | Causeway Capital Management | 0.74% | $67.9M | Reduced -2.4% |
| Mairs & Power | Mairs & Power Funds | 0.01% | $570K | Reduced -17.7% |
| John Rogers | Ariel Investments | <0.01% | $258K | Reduced -0.5% |
Analysts (ZBH)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Argus Research | Reiterated | Buy | $125 |
| 2026-10-07 | Barclays | Initiated | Equal-Weight | $100 |
| 2026-08-10 | Canaccord Genuity | Target raised | Hold | $83 → $100 |
| 2026-08-07 | Truist Securities | Target raised | Hold | $92 → $106 |
| 2026-08-06 | RBC Capital | Target raised | Outperform | $101 → $110 |
| 2026-08-06 | Bernstein | Target raised | Market Perform | $91 → $93 |
| 2026-08-06 | Stifel | Target raised | Buy | $105 → $110 |
| 2026-07-09 | BMO Capital | Initiated | Outperform → Market Perform | $95 |
| 2026-07-06 | Evercore ISI Group | Target lowered | Outperform | $120 → $110 |
Total return (dividends reinvested) (ZBH)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -3.2% | -29.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -3.2% | -6.7% |
| Volatility (annualized) | 33.6% | 25.4% |
| Max drawdown | -22.5% (Nov 2025→May 2026) | -42.0% (Jun 2023→May 2026) |
ZBH revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Knees | $828.9M | 38.1% | +0.4% |
| SET | $586.0M | 26.9% | +6.4% |
| Hips | $562.7M | 25.8% | +5.0% |
| Technology & Data Bone Cement & Surgical | $199.4M | 9.2% | +21.1% |
| Total revenue | $2.18B | 100% | — |
ZBH revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Americas | $1.36B | 62.4% | +5.6% |
| United States | $1.24B | 57.0% | +5.6% |
| Others Countries | $937.0M | 43.0% | +3.7% |
| EMEA | $478.5M | 22.0% | +4.5% |
| Asia Pacific | $339.5M | 15.6% | +2.2% |
| Total revenue | $2.18B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ZBH suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Zimmer Biomet Foundation | “Our ERGs also receive funding from the Zimmer Biomet Foundation, Inc. to support communities and partnerships aligned to our Mission.” |
| Competitor | Johnson & Johnson (JNJ) | “In the global markets for our knees, hips, and S.E.T. products, our major competitors include Johnson & Johnson MedTech (formerly the DePuy Synthes Companies of Johnson & Johnson), Stryker Corporation and Smith & Nephew plc.” |
Quoted from the company's 10-K filed Feb 20, 2026.
Companies that name ZBH in their SEC reports
| Relationship to ZBH | Company | Filing | Sentence |
|---|---|---|---|
| partner | MATERIALISE NV (MTLS) | 20-F Apr 23, 2026 | “In the medical market, we have entered into collaborations with DePuy Synthes Companies of Johnson & Johnson, or DePuy Synthes, and Zimmer Biomet Holdings, Inc., or Zimmer Biomet, as well as with Encore Medical, L.P. (d/b/a Enovis), or Enovis, Limacorporate Spa, or Lima, Mathys AG, or Mathys (which is now part of the same company as Enovis), Smith & Nephew Inc., or Smith & Nephew, Corin Ltd, or Corin, Medtronic In…” |
ZBH analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.88 | $1.88 | +0.2% | $2.04B | 24 |
| Next quarter (ends Dec 2026) | $2.49 | $2.51 | -0.7% | $2.29B | 24 |
| Current fiscal year (ends Dec 2026) | $8.54 | $8.48 | +0.6% | $8.60B | 27 |
| Next fiscal year (ends Dec 2027) | $9.05 | $9.00 | +0.6% | $8.90B | 27 |
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 98.81 |
|---|---|
| Change | ▲ 4.16% (up) |
| Previous Close | USD 98.81 |
| Open | USD 98.81 |
| Day Range | USD 95.43 – 98.92 |
| 52-Week Range | USD 79.12 – 104.15 |
| Volume | 2,223,554 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (ZBH)
Nexqual's technical model rates ZBH "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 62.62 (neutral) |
| vs SMA50 | Above (USD 95.18) |
| MACD | 0.66 (positive) |
Earnings (ZBH)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 1.88 |
| Revenue Estimate | $2.04B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.07 vs est 2.01 ▲ beat |
| 2026-03-31 | USD 2.09 vs est 1.86 ▲ beat |
| 2025-12-31 | USD 2.42 vs est 2.4 ▲ beat |
| 2025-09-30 | USD 1.9 vs est 1.87 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (ZBH)
| Total Revenue | $8.51B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +4.80% |
| Gross Margin | +69.52% |
| Operating Margin | +17.96% |
| Profit Margin | +9.48% |
| ROE | +6.41% |
| Debt / Equity | 0.6 |
| Current Ratio | 1.69 |
| Total Cash | $464.50M |
| Total Debt | $7.60B |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Ownership (ZBH)
| Insider Ownership | +0.16% |
|---|---|
| Institutional Ownership | +111.36% |
| Shares Outstanding | 190.74M |
| Float | 190.13M |
| Short % of Float | +6.74% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Leadership (ZBH)
Zimmer Biomet Holdings, Inc. is led by Ivan Tornos, President, CEO & Chairman of the Board, per Nexqual as of October 23, 2026 at 09:22 UTC.
| President, CEO & Chairman of the Board | Ivan Tornos |
|---|---|
| Group President of Europe, Middle East & Africa | Wilfred van Zuilen |
| Senior VP, Chief Strategy, Business Development, Innovation & Transformation Officer | JehanZeb Noor |
| Interim CFO, VP, Controller & Chief Accounting Officer | Paul A. Stellato |
| Senior Vice President of Investor Relations | David M. DeMartino |
Major Backers & Investors (ZBH)
Notable institutional backers of Zimmer Biomet Holdings, Inc. include Dodge & Cox Inc., Harris Associates L.P., Capital International Investors, according to Nexqual as of October 23, 2026 at 09:22 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Dodge & Cox Inc. | 12.65% |
| Harris Associates L.P. | 6.68% |
| Capital International Investors | 6.39% |
| Price (T.Rowe) Associates Inc | 2.52% |
| WASHINGTON MUTUAL INVESTORS FUND | 2.42% |
| Invesco | 2.09% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.05% |
| BlackRock | 8.19% |
| State Street | 4.65% |
| Geode Capital | 2.8% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From Zimmer Biomet Holdings, Inc.'s Latest SEC 10-K Filing (filed 2026-02-20)
Key Strengths & Strategy (as disclosed to the SEC)
- We are subject to FDA Quality Management System regulations governing design and manufacturing practices, testing, manufacturing quality assurance, labeling and record keeping and reporting requirements for our products, which apply both to our own and to our third-party manufacturers' operations.
- The FDA conducts announced and unannounced periodic and on-going inspections of medical device manufacturers to determine compliance with its Quality System, and other applicable, regulations.
- Our quality management system is based upon the requirements of ISO 13485, the FDA Quality Management System regulations, the MDD, the EU MDR and other applicable regulations for the markets in which we sell.
- We protect our proprietary rights through a variety of methods, including confidentiality agreements and proprietary information agreements with suppliers, employees, consultants and others who may have access to proprietary information.
Partnerships
- We collaborate with healthcare professionals around the globe to advance the pace of innovation.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to complex and expensive laws and governmental regulations relating to the development, design, product standards, packaging, advertising, promotion, post-market surveillance, manufacturing, labeling and marketing of our products, non-compliance with which could adversely affect our business, financial condition and results of operations.
- We are substantially dependent on patent and other proprietary rights, and failing to protect such rights or to be successful in litigation related to our rights or the rights of others may result in the payment of significant monetary damages and/or royalty payments, negatively impact our ability to sell current or future products, or prohibit us from enforcing our patent and other proprietary rights against others.
- We are involved in legal proceedings that may result in adverse outcomes.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| PHG | Koninklijke Philips N.V. NY Reg | USD 26.92 | ▲ 2.63% |
| SNN | Smith & Nephew SNATS, Inc. | USD 30.88 | ▲ 5.64% |
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| GMED | Globus Medical, Inc. | USD 81.66 | ▲ 3.79% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
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