ZIMMER BIOMET HOLDINGS, INC. · Orthopedic, Prosthetic & Surgical Appliances & Supplies

ZBH

Low riskNext report: In 7 days (est.)

View price ↗

The short version

A profitable company with steady sales.

Going well

Profitable
Brings in more cash than it spends
Buying back shares: share count down 5.5% in 3 years

Money moves

No insider buying or selling in the last 30 days
Institutions added 3.4% to their holdings in the quarter ending June 2026 (392 bought, 395 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$97.44-1.2% that day

Company value: $18.6B; Share price times all shares
Price vs profit (P/E): 23.7x; You pay about $24 for each $1 of yearly profit
Price vs sales: 2.2x; Company value is 2.2 times a year of sales
Dividend yield: 1.0%; Yearly dividend as a share of today's price
Cash vs value: 2%; Cash as a share of company value
Debt vs value: 40%; Debt as a share of company value

From ZBH's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$2.2B+4.8% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $8.5B, up 8.6% from the 12 months before. Over 5 years, sales grew about 6.1% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of ZBH. Starting points are the company's recent numbers.

Sales growth+9% a yearRecently: +8.6% a yearProfit margin9%Last 12 months: 9.5%P/E at the end24xToday: 23.7x. Many steady companies trade at 12x to 25xShare count change-2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$13.1B

Profit in 5 years$1.2B

Price these guesses point to$164.02+68% vs $97.44 todayAbout +11% a year, before dividends

What today's price needs: with a 9% margin and a 24x P/E, sales could shrink about 1.8% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.5.6%
MissDebt under half of equityNot relying on borrowed money.0.59x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.8.6%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.5B
PassShare count not growingNot diluting owners. Falling means buybacks.-5.5% in 3 years

Revenue: $8.2B; +7.2% vs prior year
5-year growth: +6.1%/yr; revenue, per year
Total debt: $7.5B; 0.59x equity
Current ratio: 1.98x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 5

Revenue: $2.2B; +4.8% YoY
EPS: $1.03; vs $0.77
Op. margin: 15.0%; +0.6 pts
Gross margin: 70.8%; -0.7 pts
Free cash flow: $393.6M
Share count: -2.8%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.7
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+3.4%

Institutions added 3.4% to their holdings. 392 bought, 395 sold.

Shares held by institutions199.0M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-3.0%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.6x · $7.5B debt

Shares outstandingLatest reported

191M

Earnings reports

Last 12

Next reportIn 7 days (est.)Estimated from the same quarter last year

Results filedAug 5
Results filedApr 28
Results filedFeb 10
Results filedNov 5, 2025
Results filedAug 7, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Aug 13 · View filing ↗Big holder New 5%+ holder (passive)Aug 12 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

New insiderOct 5 · Form 3 ↗New insiderOct 5 · Form 3 ↗

Option exerciseGary Craig CampbellPresident, Americas

3,586 shares

Now owns 2,654 shares
2 transactions
Filed 4 days after trade
Also: Shares withheld for taxes

Oct 1Form 4 ↗

Stock awardSreelakshmi KolliDirector

174 shares

+3% of holdings
Now owns 7,034 shares
Exercise price $89.85
Phantom Stock Units
Filed 2 days after trade

Sep 30Form 4 ↗

Stock awardDevdatt KurdikarDirector

174 shares

+6% of holdings
Now owns 3,171 shares
Exercise price $89.85
Phantom Stock Units
Filed 2 days after trade

Sep 30Form 4 ↗

Stock awardMaria Teresa HiladoDirector

376 shares

+3% of holdings
Now owns 13,392 shares
Exercise price $89.85
Phantom Stock Units
Filed 2 days after trade

Sep 30Form 4 ↗

Stock awardLouis ShapiroDirector

153 shares

+4% of holdings
Now owns 3,865 shares
Exercise price $89.85
Phantom Stock Units
Filed 2 days after trade

Sep 30Form 4 ↗

Stock awardArthur J HigginsDirector

306 shares

+1% of holdings
Now owns 38,077 shares
Exercise price $89.85
Phantom Stock Units
Filed 2 days after trade

Sep 30Form 4 ↗

Insider tradeOct 2 · Form 4 ↗Insider tradeOct 2 · Form 4 ↗Insider tradeSep 15 · Form 4 ↗Planned insider saleSep 11 · Form 144 ↗Insider tradeSep 9 · Form 4 ↗Leadership changeSep 8 · Form 8-K ↗Planned insider saleSep 4 · Form 144 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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