Zimmer Biomet

Health Care Health Care Equipment Warsaw, Indiana Last filing Feb 20, 2026 · FY2025

                    Revenue
                    FY2025
                
$8.2B
                    3y CAGR +5.9%
                    
                    P58
                    
                    +7.2%
                    
                    Net income
                    FY2025
                
$705.1M
                    Net margin +8.6%
                    
                    P38
                    
                    -22.0%
                    
                    Total assets
                    FY2025
                
$23.1B
                    ROA +3.1%
                    
                    P25
                    
                    +8.1%
                    
                    Operating cash flow
                    FY2025
                
$1.7B
                    FCF margin +17.9%
                    
                    P63
                    
                    +13.2%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 10 years

Total assets $23.1B

Total liabilities $10.4B

Shareholders equity $12.7B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	2.6%	2.5%	1.9%	1.8%	2.0%	3.3%	2.5%	2.2%	2.0%	2.4%
Accounts Receivable	7.4%	6.9%	6.7%	6.6%	6.0%	5.9%	5.5%	5.3%	5.8%	6.0%
Inventory	9.9%	10.5%	11.1%	10.2%	10.2%	10.0%	9.7%	9.4%	8.0%	7.3%
Prepaid Expenses	2.3%	2.0%	1.7%	2.5%	1.2%	0.7%	1.4%	1.5%	1.6%	1.7%
Other Current Assets	4.8%	5.1%	5.4%	5.3%	4.5%	4.0%	4.0%	1.7%	1.5%	2.1%
Total Current Assets	22.2%	21.9%	21.4%	21.0%	20.8%	20.8%	19.2%	18.4%	17.4%	17.5%
Property,Plant and Equipment	9.6%	9.6%	9.6%	8.9%	8.6%	8.4%	8.4%	8.4%	7.9%	7.6%
Goodwill	43.1%	41.9%	41.0%	40.7%	38.0%	37.9%	39.0%	39.8%	41.1%	39.9%
Intangible Assets	20.4%	21.5%	22.6%	24.0%	26.9%	28.9%	29.5%	31.9%	32.2%	32.9%
Other Noncurrent Assets	4.8%	5.1%	5.4%	5.3%	4.5%	4.0%	4.0%	1.7%	1.5%	2.1%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	1.3%	0.9%	1.9%	1.7%	1.5%	1.4%	1.6%	1.5%	1.3%	1.4%
Accrued Liabilities	2.1%	3.4%	2.9%	2.8%	3.1%	3.6%	3.2%	2.8%	3.1%	3.0%
Current Portion of Long Term Debt	2.5%	4.0%	4.2%	2.6%	6.8%	2.0%	6.1%	2.2%	4.7%	2.2%
Other Current Liabilities	7.3%	6.5%	6.9%	6.7%	6.2%	6.8%	5.7%	5.8%	5.0%	4.7%
Total Current Liabilities	11.2%	11.5%	13.3%	11.2%	14.8%	10.5%	14.0%	10.0%	11.6%	8.9%
Long Term Debt	30.0%	25.0%	22.6%	24.5%	23.3%	31.2%	27.3%	34.9%	34.3%	40.0%
Deferred Tax Liabilities	1.1%	1.6%	1.7%	2.3%	2.8%	3.2%	3.6%	5.8%	5.9%	13.6%
Other Noncurrent Liabilities	2.7%	3.5%	3.0%	3.0%	2.6%	2.7%	2.3%	1.5%	1.7%	3.5%
Total Liabilities	45.0%	41.6%	41.9%	42.9%	46.0%	50.0%	49.7%	53.3%	54.8%	63.8%
Equity
Preferred Stock	0.0%	0.0%	1.2%	0.0%	1.1%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	44.1%	47.0%	45.8%	45.1%	39.7%	37.4%	36.2%	36.0%	32.8%	31.4%
Retained Earnings	50.3%	51.9%	48.3%	45.4%	43.9%	41.3%	42.3%	39.3%	38.6%	31.7%
Treasury Stock	38.5%	39.3%	35.2%	32.6%	28.6%	27.5%	27.3%	27.9%	25.9%	25.2%
Accumulated Other Comprehensive Income	-0.9%	-1.2%	-0.9%	-0.9%	-1.0%	-1.2%	-1.0%	-0.8%	-0.3%	-1.6%
Noncontrolling Interest	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%	0.0%
Total Stockholders Equity	55.0%	58.4%	58.1%	57.1%	54.0%	49.9%	50.3%	46.7%	45.2%	36.2%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

17 accounts · 10 years

Revenue $8.2B

Operating income $1.1B

Net income $705.1M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	35.6%	35.9%	34.4%	32.9%	29.1%	25.1%	32.4%	32.9%	30.1%	28.7%
Expenses Cost of Revenue	10.8%	10.3%	9.7%	9.6%	8.4%	7.5%	9.1%	9.4%	8.2%	8.9%
Expenses Research and Development	2.0%	2.0%	2.1%	1.9%	1.9%	1.3%	1.8%	1.6%	1.4%	1.4%
Expenses Selling,General and Administrative	14.1%	13.7%	13.2%	13.1%	12.1%	11.1%	13.6%	14.0%	12.0%	11.0%
Expenses Depreciation and Amortization	4.7%	4.7%	4.4%	4.4%	4.0%	3.7%	4.1%	4.3%	4.1%	3.9%
Expenses Share Based Compensation	0.4%	0.5%	0.5%	0.5%	0.3%	0.3%	0.3%	0.3%	0.2%	0.2%
Expenses Operating Expenses	30.9%	29.9%	28.5%	29.6%	25.4%	24.8%	27.8%	32.7%	27.0%	25.7%
Other Income Expense Operating Income	4.8%	6.0%	5.9%	3.3%	3.7%	0.3%	4.6%	0.1%	3.1%	3.1%
Other Income Expense Other Income/expense	0.1%	-0.1%	-0.0%	-0.6%	0.1%	0.1%	-0.0%	-0.1%	-0.0%	-0.2%
Other Income Expense Income Before Tax	3.6%	4.9%	5.0%	1.9%	2.1%	-0.4%	3.7%	-1.1%	1.8%	1.5%
Income Tax Income Tax Expense	0.5%	0.6%	0.2%	0.5%	0.2%	-0.4%	-0.9%	0.4%	-5.2%	0.4%
net Income net Income	3.1%	4.2%	4.8%	1.1%	1.7%	-0.6%	4.6%	-1.6%	7.0%	1.1%
net Income Comprehensive Income	3.3%	3.9%	4.7%	1.1%	2.0%	-0.8%	4.4%	-1.8%	8.3%	0.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%	0.0%	-0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%	0.0%	-0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.9%	1.0%	1.0%	1.0%	0.9%	0.8%	0.8%	0.8%	0.8%	0.7%
Earnings Per Share Weighted Average Shares Diluted	0.9%	1.0%	1.0%	1.0%	0.9%	0.8%	0.8%	0.8%	0.8%	0.8%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 10 years

Operating cash flow $1.7B

Investing cash flow $-2.0B

Financing cash flow $326.0M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	3.1%	4.2%	4.8%	1.1%	1.7%	-0.6%	4.6%	-1.6%	7.0%	1.1%
Operating Activities Depreciation and Amortization	4.7%	4.7%	4.4%	4.4%	4.0%	3.7%	4.1%	4.3%	1.7%	1.7%
Operating Activities Stock Based Compensation	0.4%	0.5%	0.5%	0.5%	0.3%	0.3%	0.3%	0.3%	0.2%	0.2%
Operating Activities Deferred Income Taxes	-0.4%	-0.2%	-0.4%	-0.3%	-0.4%	0.2%	-2.2%	0.1%	-6.8%	-0.6%
Operating Activities Changes In Operating Assets and Liabilities	-0.4%	-0.2%	1.1%	0.4%	0.0%	0.1%	0.5%	0.8%	0.5%	-0.3%
Operating Activities net Cash From Operating Activities	7.3%	7.0%	7.4%	—	6.4%	4.9%	6.4%	7.2%	6.1%	6.1%
Investing Activities Capital Expenditures	1.0%	1.0%	1.4%	0.9%	0.6%	0.5%	0.8%	0.7%	0.6%	0.7%
Investing Activities Other Investing Activities	0.0%	0.2%	-0.1%	0.2%	0.1%	0.1%	0.1%	0.1%	0.1%	0.0%
Investing Activities net Cash From Investing Activities	-8.6%	-4.2%	-3.6%	—	-2.1%	-2.5%	-3.0%	-1.7%	-2.0%	-6.3%
Financing Activities Proceeds From Debt	10.8%	6.7%	2.3%	2.8%	6.8%	6.1%	2.2%	3.1%	1.5%	2.8%
Financing Activities Repurchase of Common Stock	2.1%	4.1%	3.2%	0.6%	—	—	—	—	—	1.6%
Financing Activities Dividends Paid	0.8%	0.9%	0.9%	1.0%	0.9%	0.8%	0.8%	0.8%	0.7%	0.7%
Financing Activities Proceeds From Stock Issuance	0.2%	0.4%	0.5%	0.4%	0.5%	0.5%	0.6%	0.4%	0.6%	0.5%
Financing Activities Other Financing Activities	-0.1%	-0.1%	0.0%	-0.0%	0.6%	-0.0%	-0.0%	0.0%	-0.0%	-0.1%
Financing Activities net Cash From Financing Activities	1.4%	-2.3%	-3.6%	—	-5.6%	-1.7%	-3.2%	-5.4%	-4.7%	-2.8%
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	-0.1%	0.0%	-0.1%	-0.1%	0.1%	-0.0%	-0.0%	0.1%	-0.1%
Cash Reconciliation net Change In Cash	0.3%	0.5%	0.2%	-0.5%	-1.4%	0.8%	0.3%	0.1%	-0.4%	-3.1%
Cash Reconciliation Cash At Beginning of Period	2.6%	2.5%	1.9%	1.8%	2.0%	3.3%	2.5%	2.2%	2.0%	2.4%
Cash Reconciliation Cash At End of Period	2.6%	2.5%	1.9%	1.8%	2.0%	3.3%	2.5%	2.2%	2.0%	2.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+69.7%	+71.5%	+71.8%	+70.9%	+71.3%	+70.2%	+71.8%	+71.4%	+72.7%	+68.9%
Operating margin	+13.3%	+16.7%	+17.3%	+10.0%	+12.6%	+1.4%	+14.3%	+0.4%	+10.2%	+10.7%
Net margin	+8.6%	+11.8%	+13.8%	+3.3%	+5.9%	-2.3%	+14.2%	-4.8%	+23.2%	+4.0%
FCF margin	+17.9%	+16.9%	+17.5%	—	+19.9%	+17.8%	+17.3%	+20.0%	+18.3%	+18.9%
Growth
Revenue CAGR (3y)	+5.9%	+4.0%	+6.5%	-4.6%	-4.9%	-7.7%	+1.3%	+9.8%	+18.6%	+18.4%
Returns
ROE	+5.6%	+7.2%	+8.2%	+1.9%	+3.2%	-1.1%	+9.1%	-3.4%	+15.5%	+3.2%
ROA	+3.1%	+4.2%	+4.8%	+1.1%	+1.7%	-0.6%	+4.6%	-1.6%	+7.0%	+1.1%
ROIC	+4.7%	+6.2%	+6.9%	+2.9%	+4.0%	+0.4%	+5.7%	+0.2%	+3.7%	+3.1%
Liquidity
Current ratio	1.98x	1.91x	1.61x	1.88x	1.41x	1.99x	1.37x	1.83x	1.50x	1.96x
Quick ratio	0.89x	0.82x	0.65x	0.75x	0.54x	0.88x	0.58x	0.75x	0.67x	0.94x
Leverage
D/E	0.82x	0.71x	0.72x	0.75x	0.85x	1.00x	0.99x	1.14x	1.21x	1.76x
Interest coverage	—	—	—	—	—	—	—	—	2.44x	2.29x
Efficiency
Asset turnover	0.36x	0.36x	0.34x	0.33x	0.29x	0.25x	0.32x	0.33x	0.30x	0.29x
Cash conversion cycle	+366d	+410d	+417d	+397d	+456d	+511d	+384d	+363d	+370d	+321d

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Zimmer Biomet

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