ZIMMER BIOMET HOLDINGS, INC.

EDGAR

Annual consolidated revenue for 2025: about USD 8.232B, using the latest reported figures. The previous period, 2024, was about USD 7.679B.

Watchlist

Latest quarter

Revenue

2.18 billion USD

2026 Q2 · USD

Exact inputs and evidence
  • Revenue: 2177000000 USD Source

Operating margin

14.98%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 326100000 USD Source
  • Revenue: 2177000000 USD Source

Operating cash flow

448 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 807200000 USD Source
  • Operating Cash Flow: 359400000 USD Source

Free cash flow

394 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 807200000 USD Source
  • Operating Cash Flow: 359400000 USD Source
  • Capital Expenditure: 90500000 USD Source
  • Capital Expenditure: 36300000 USD Source
Cash and cash equivalents
410 million USD Source
Exact value

410000000 USD

Long-term debt including current maturities
1 billion USD Source
Exact value

1000000000 USD

Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

8.51 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 2001400000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 8231500000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 5987700000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 2086700000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 2177000000 USD · 2026-04-01 – 2026-06-30 Source

Net income

807 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 230900000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 705100000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 565800000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 238100000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 198300000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

1.74 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 1179700000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 761000000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 1697100000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 1179700000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 359400000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 807200000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 359400000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

220 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Capital expenditure: 149700000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 94700000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 224500000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 149700000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 36300000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 90500000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 36300000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

1.52 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 1179700000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 761000000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 1697100000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 1179700000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 359400000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 807200000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 359400000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 149700000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 94700000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 224500000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 149700000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 36300000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 90500000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 36300000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-05.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 10 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 10 of 11 periods available· newest 2025-12-31
  • Total liabilities: 10 of 11 periods available· newest 2025-12-31
  • Current assets: 10 of 11 periods available· newest 2025-12-31
  • Current liabilities: 10 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 1 of 11 periods available· newest 2021-12-31
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +7.2%

    Prior period

    USD 7.68 billion

    –

    Current period

    USD 8.23 billion

    –

    Exact inputs and evidence

    8231500000 − 7678600000 = 552900000 USD

    7678600000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    8231500000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    -22%

    Prior period

    USD 903.8 million

    –

    Current period

    USD 705.1 million

    –

    Exact inputs and evidence

    705100000 − 903800000 = -198700000 USD

    903800000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    705100000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +13.2%

    Prior period

    USD 1.5 billion

    –

    Current period

    USD 1.7 billion

    –

    Exact inputs and evidence

    1697100000 − 1499400000 = 197700000 USD

    1499400000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1697100000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +10.2%

    Prior period

    USD 203.8 million

    –

    Current period

    USD 224.5 million

    –

    Exact inputs and evidence

    224500000 − 203800000 = 20700000 USD

    203800000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    224500000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 8.23 billion 100% of revenue
  • Operating costs Derived USD 7.13 billion 87% of revenue
  • Operating income USD 1.1 billion 13% of revenue
  • Tax, interest and other Derived USD 393 million 4.8% of revenue
  • Net income USD 705.1 million 8.6% of revenue

Cash

  • Operating cash flow USD 1.7 billion 21% of revenue
  • Capital expenditure USD 224.5 million 2.7% of revenue
  • Free cash flow Derived USD 1.47 billion 18% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 89%
  • 2017 Net income was higher than operating income, so the split is not drawn.
  • 2018 Net loss: net income was −4.8% of revenue.
  • 2019 14%86%
  • 2020 Net loss: net income was −2.3% of revenue.
  • 2021 87%
  • 2022 90%
  • 2023 14%83%
  • 2024 12%83%
  • 2025 87%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-317668400000 6847300000 Derived 821100000 515200000 Derived 305900000 1447500000 Derived
Source
2017 2017-01-01 – 2017-12-317803300000 7004000000 Derived 799300000 -1014500000 Derived 1813800000 1426300000 Derived
Source
2018 2018-01-01 – 2018-12-317932900000 7899100000 Derived 33800000 413000000 Derived -379200000 1584700000 Derived
Source
2019 2019-01-01 – 2019-12-317982200000 6844700000 Derived 1137500000 5900000 Derived 1131600000 1378700000 Derived
Source
2020 2020-01-01 – 2020-12-316127500000 6044400000 Derived 83100000 222000000 Derived -138900000 963700000 Derived
Source
2021 2021-01-01 – 2021-12-316827300000 5967000000 Derived 860300000 458700000 Derived 401600000 1260700000 Derived
Source
2022 2022-01-01 – 2022-12-316939900000 6243600000 Derived 696300000 464900000 Derived 231400000 1168300000 Derived
Source
2023 2023-01-01 – 2023-12-317394200000 6116500000 Derived 1277700000 253700000 Derived 1024000000 1290500000 Derived
Source
2024 2024-01-01 – 2024-12-317678600000 6392900000 Derived 1285700000 381900000 Derived 903800000 1295600000 Derived
Source
2025 2025-01-01 – 2025-12-318231500000 7133400000 Derived 1098100000 393000000 Derived 705100000 1472600000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 8.2B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.8.9B6.7B4.4B2.2B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue7668400000
2017Revenue7803300000
2018Revenue7932900000
2019Revenue7982200000
2020Revenue6127500000
2021Revenue6827300000
2022Revenue6939900000
2023Revenue7394200000
2024Revenue7678600000
2025Revenue8231500000

Revenue growth

Change in revenue from the same financial period one year earlier.

7.2% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.14%4%-6%-16%-26%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over yearNo prior comparable period
2017Year over year1.8%
2018Year over year1.7%
2019Year over year0.6%
2020Year over year-23.2%
2021Year over year11.4%
2022Year over year1.6%
2023Year over year6.5%
2024Year over year3.8%
2025Year over year7.2%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 13.3% 2025
Net margin 8.6% 2025
Free cash flow margin 17.9% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.25.5%17.4%9.2%1.1%-7.0%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin10.7%
2017Operating margin10.2%
2018Operating margin0.4%
2019Operating margin14.3%
2020Operating margin1.4%
2021Operating margin12.6%
2022Operating margin10%
2023Operating margin17.3%
2024Operating margin16.7%
2025Operating margin13.3%
2016Net margin4%
2017Net margin23.2%
2018Net margin-4.8%
2019Net margin14.2%
2020Net margin-2.3%
2021Net margin5.9%
2022Net margin3.3%
2023Net margin13.8%
2024Net margin11.8%
2025Net margin8.6%
2016Free cash flow margin18.9%
2017Free cash flow margin18.3%
2018Free cash flow margin20%
2019Free cash flow margin17.3%
2020Free cash flow margin15.7%
2021Free cash flow margin18.5%
2022Free cash flow margin16.8%
2023Free cash flow margin17.5%
2024Free cash flow margin16.9%
2025Free cash flow margin17.9%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 1.7B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.9B1.4B943.6M471.8M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow1632200000
2017Operating cash flow1582300000
2018Operating cash flow1747400000
2019Operating cash flow1585800000
2020Operating cash flow1075600000
2021Operating cash flow1404300000
2022Operating cash flow1356200000
2023Operating cash flow1581600000
2024Operating cash flow1499400000
2025Operating cash flow1697100000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 1.5B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.7B1.3B855.7M427.9M0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow1447500000
2017Free cash flow1426300000
2018Free cash flow1584700000
2019Free cash flow1378700000
2020Free cash flow963700000
2021Free cash flow1260700000
2022Free cash flow1168300000
2023Free cash flow1290500000
2024Free cash flow1295600000
2025Free cash flow1472600000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

45% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.69%52%34%17%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets63.8%
2017Liabilities / assets54.9%
2018Liabilities / assets53.3%
2019Liabilities / assets49.7%
2020Liabilities / assets50%
2021Liabilities / assets46%
2022Liabilities / assets42.9%
2023Liabilities / assets41.9%
2024Liabilities / assets41.6%
2025Liabilities / assets45%

Current assets to current liabilities

Current assets divided by current liabilities.

1.98× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.15×1.61×1.07×0.54×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities1.96×
2017Current assets / current liabilities1.49×
2018Current assets / current liabilities1.83×
2019Current assets / current liabilities1.37×
2020Current assets / current liabilities1.99×
2021Current assets / current liabilities1.41×
2022Current assets / current liabilities1.88×
2023Current assets / current liabilities1.61×
2024Current assets / current liabilities1.91×
2025Current assets / current liabilities1.98×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 305.9 million
Exact value

Exact value: 305900000 USD

2016-01-01 – 2016-12-31: 305900000 USD Inspect Net Income Open source
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USD 1.63 billion
Exact value

Exact value: 1632200000 USD

2016-01-01 – 2016-12-31: 1632200000 USD Inspect Operating Cash Flow Open source
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USD 184.7 million
Exact value

Exact value: 184700000 USD

2016-01-01 – 2016-12-31: 184700000 USD Inspect Capital Expenditure Open source
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USD 1.45 billion
Calculation and evidence

1632200000 − 184700000 USD

Exact free cash flow: 1447500000 USD

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2017 2017-01-01 – 2017-12-31
USD 1.81 billion
Exact value

Exact value: 1813800000 USD

2017-01-01 – 2017-12-31: 1813800000 USD Inspect Net Income Open source
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USD 1.58 billion
Exact value

Exact value: 1582300000 USD

2017-01-01 – 2017-12-31: 1582300000 USD Inspect Operating Cash Flow Open source
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USD 156 million
Exact value

Exact value: 156000000 USD

2017-01-01 – 2017-12-31: 156000000 USD Inspect Capital Expenditure Open source
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USD 1.43 billion
Calculation and evidence

1582300000 − 156000000 USD

Exact free cash flow: 1426300000 USD

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2018 2018-01-01 – 2018-12-31
−USD 379.2 million
Exact value

Exact value: -379200000 USD

2018-01-01 – 2018-12-31: -379200000 USD Inspect Net Income Open source
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USD 1.75 billion
Exact value

Exact value: 1747400000 USD

2018-01-01 – 2018-12-31: 1747400000 USD Inspect Operating Cash Flow Open source
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USD 162.7 million
Exact value

Exact value: 162700000 USD

2018-01-01 – 2018-12-31: 162700000 USD Inspect Capital Expenditure Open source
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USD 1.58 billion
Calculation and evidence

1747400000 − 162700000 USD

Exact free cash flow: 1584700000 USD

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2019 2019-01-01 – 2019-12-31
USD 1.13 billion
Exact value

Exact value: 1131600000 USD

2019-01-01 – 2019-12-31: 1131600000 USD Inspect Net Income Open source
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USD 1.59 billion
Exact value

Exact value: 1585800000 USD

2019-01-01 – 2019-12-31: 1585800000 USD Inspect Operating Cash Flow Open source
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USD 207.1 million
Exact value

Exact value: 207100000 USD

2019-01-01 – 2019-12-31: 207100000 USD Inspect Capital Expenditure Open source
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USD 1.38 billion
Calculation and evidence

1585800000 − 207100000 USD

Exact free cash flow: 1378700000 USD

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2020 2020-01-01 – 2020-12-31
−USD 138.9 million
Exact value

Exact value: -138900000 USD

2020-01-01 – 2020-12-31: -138900000 USD Inspect Net Income Open source
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USD 1.08 billion
Exact value

Exact value: 1075600000 USD

2020-01-01 – 2020-12-31: 1075600000 USD Inspect Operating Cash Flow Open source
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USD 111.9 million
Exact value

Exact value: 111900000 USD

2020-01-01 – 2020-12-31: 111900000 USD Inspect Capital Expenditure Open source
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USD 963.7 million
Calculation and evidence

1075600000 − 111900000 USD

Exact free cash flow: 963700000 USD

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2021 2021-01-01 – 2021-12-31
USD 401.6 million
Exact value

Exact value: 401600000 USD

2021-01-01 – 2021-12-31: 401600000 USD Inspect Net Income Open source
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USD 1.4 billion
Exact value

Exact value: 1404300000 USD

2021-01-01 – 2021-12-31: 1404300000 USD Inspect Operating Cash Flow Open source
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USD 143.6 million
Exact value

Exact value: 143600000 USD

2021-01-01 – 2021-12-31: 143600000 USD Inspect Capital Expenditure Open source
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USD 1.26 billion
Calculation and evidence

1404300000 − 143600000 USD

Exact free cash flow: 1260700000 USD

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2022 2022-01-01 – 2022-12-31
USD 231.4 million
Exact value

Exact value: 231400000 USD

2022-01-01 – 2022-12-31: 231400000 USD Inspect Net Income Open source
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USD 1.36 billion
Exact value

Exact value: 1356200000 USD

2022-01-01 – 2022-12-31: 1356200000 USD Inspect Operating Cash Flow Open source
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USD 187.9 million
Exact value

Exact value: 187900000 USD

2022-01-01 – 2022-12-31: 187900000 USD Inspect Capital Expenditure Open source
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USD 1.17 billion
Calculation and evidence

1356200000 − 187900000 USD

Exact free cash flow: 1168300000 USD

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2023 2023-01-01 – 2023-12-31
USD 1.02 billion
Exact value

Exact value: 1024000000 USD

2023-01-01 – 2023-12-31: 1024000000 USD Inspect Net Income Open source
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USD 1.58 billion
Exact value

Exact value: 1581600000 USD

2023-01-01 – 2023-12-31: 1581600000 USD Inspect Operating Cash Flow Open source
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USD 291.1 million
Exact value

Exact value: 291100000 USD

2023-01-01 – 2023-12-31: 291100000 USD Inspect Capital Expenditure Open source
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USD 1.29 billion
Calculation and evidence

1581600000 − 291100000 USD

Exact free cash flow: 1290500000 USD

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2024 2024-01-01 – 2024-12-31
USD 903.8 million
Exact value

Exact value: 903800000 USD

2024-01-01 – 2024-12-31: 903800000 USD Inspect Net Income Open source
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USD 1.5 billion
Exact value

Exact value: 1499400000 USD

2024-01-01 – 2024-12-31: 1499400000 USD Inspect Operating Cash Flow Open source
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USD 203.8 million
Exact value

Exact value: 203800000 USD

2024-01-01 – 2024-12-31: 203800000 USD Inspect Capital Expenditure Open source
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USD 1.3 billion
Calculation and evidence

1499400000 − 203800000 USD

Exact free cash flow: 1295600000 USD

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2025 2025-01-01 – 2025-12-31
USD 705.1 million
Exact value

Exact value: 705100000 USD

2025-01-01 – 2025-12-31: 705100000 USD Inspect Net Income Open source
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USD 1.7 billion
Exact value

Exact value: 1697100000 USD

2025-01-01 – 2025-12-31: 1697100000 USD Inspect Operating Cash Flow Open source
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USD 224.5 million
Exact value

Exact value: 224500000 USD

2025-01-01 – 2025-12-31: 224500000 USD Inspect Capital Expenditure Open source
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USD 1.47 billion
Calculation and evidence

1697100000 − 224500000 USD

Exact free cash flow: 1472600000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

112 filings · 5,947 latest values · 5,947 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001136869, 1136869, ZBH, ZMH, edgar:1136869

Also known as ZIMMER BIOMET HOLDINGS, INC., ZIMMER HOLDINGS INC