What are Zimmer Biomet Holdings's profit margins?

Zimmer Biomet Holdings (ZBH) runs a 70.0% gross margin and a 14.0% operating margin, with a 9.1% net margin.

Where do Zimmer Biomet Holdings's ratios come from?

Every ratio is computed from Zimmer Biomet Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Zimmer Biomet Holdings ZBH Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	70%+0.3pp	69.7%-1.7pp	71.4%+0.4pp	71.1%0.0pp	71.1%-0.4pp
Operating margin	14%+0.7pp	13.3%-3.3pp	16.6%+0.5pp	16.1%-0.9pp	17%+0.3pp
Net margin	9.1%+0.5pp	8.6%-1.5pp	10.1%-0.5pp	10.5%-1.4pp	11.9%+0.1pp
EBITDA margin	27.2%+0.6pp	26.6%-3.4pp	30%+0.7pp	29.4%-0.8pp	30.2%+0.5pp
Free cash flow margin	17.3%-0.6pp	17.9%-0.6pp	18.5%-0.3pp	18.8%-0.2pp	19%+2.1pp
Returns
Return on equity	6.1%+0.5pp	5.6%-0.8pp	6.4%-0.1pp	6.5%-0.8pp	7.3%+0.1pp
Return on assets	3.4%+0.2pp	3.2%-0.4pp	3.6%-0.1pp	3.7%-0.5pp	4.2%0.0pp
Return on invested capital	6.2%+0.5pp	5.7%+0.2pp	5.6%-0.1pp	5.7%-0.6pp	6.3%+0.2pp
Efficiency
Asset turnover	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Inventory turnover	1.1×0.0×	1.1×+0.2×	0.9×0.0×	0.9×0.0×	1×0.0×
Liquidity
Current ratio	1.7×-0.2×	2×-0.4×	2.4×+0.6×	1.9×-0.6×	2.4×+0.5×
Quick ratio	0.9×-0.1×	1.1×-0.3×	1.4×+0.4×	1×-0.5×	1.5×+0.5×
Cash ratio	0.1×-0.1×	0.2×-0.3×	0.5×+0.3×	0.2×-0.4×	0.6×+0.4×
Leverage
Debt-to-equity	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×+0.1×
Debt-to-assets	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	3.1×-0.2×	3.3×+0.4×	2.8×-0.2×	3×+0.6×	2.5×-0.1×
Per Share
Book value per share	$64.73+1.3%	$63.90-0.4%	$64.17+1.6%	$63.16+1.8%	$62.07+1.5%
Valuation
Market capitalization	$17.69B-0.7%	$17.82B-8.7%	$19.51B+6.8%	$18.27B-18.9%	$22.53B+7.1%
Enterprise value	$24.74B-1.0%	$24.98B-5.1%	$26.33B+4.1%	$25.28B-10.7%	$28.32B+5.1%
Price / earnings	23.2×-2.0×	25.3×+1.0×	24.2×+2.0×	22.2×-2.5×	24.7×+1.4×
Price / sales	2.1×-0.1×	2.2×-0.3×	2.4×+0.1×	2.3×-0.6×	2.9×+0.2×
Price / book	1.4×0.0×	1.4×-0.1×	1.5×+0.1×	1.5×-0.4×	1.8×+0.1×
EV / EBITDA	10.8×-0.6×	11.4×+0.5×	10.9×0.0×	11×-1.2×	12.2×+0.4×
EV / sales	2.9×-0.1×	3×-0.3×	3.3×+0.1×	3.2×-0.5×	3.7×+0.2×
Free cash flow yield	8.2%0.0pp	8.3%+0.7pp	7.6%-0.4pp	8.1%+1.6pp	6.5%+0.3pp
Earnings yield	4.3%+0.3pp	4%-0.2pp	4.1%-0.4pp	4.5%+0.5pp	4.1%-0.2pp
Dividend yield	1.1%0.0pp	1.1%+0.1pp	1%-0.1pp	1.1%+0.2pp	0.9%-0.1pp

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Questions, answered.

What are Zimmer Biomet Holdings's profit margins?: Zimmer Biomet Holdings (ZBH) runs a 70.0% gross margin and a 14.0% operating margin, with a 9.1% net margin.
Where do Zimmer Biomet Holdings's ratios come from?: Every ratio is computed from Zimmer Biomet Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.