Skip to main content
ZBH logo

ZBH · Zimmer Biomet Holdings, Inc.

Track ZBH — free
$103.21 -1.35 (-1.29%) At close · Nov 13
Market Cap
$19.53B
Shares
189.25M
Volume · Nov 13 2.52M Avg daily vol (3M) 2.05M

Price & Indicators

Drag to pan · scroll to zoom
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$103.21 Open$105.61 Day$102.88–105.61 52W close$79.58–110.15 Avg vol 30d2.3M Short int7.8M · 4.1% of shares · 3.9d Short vol84% Last earningsNov 4, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 4

Up next

Feb 9, 2027 Est · unconfirmed · in 12 wks

Latest documents

2026
Nov 12
Current report 8-K Events of Nov 5
Two note offerings issued November 12, 2026

Zimmer Biomet Holdings, Inc. issued €500.0 million of 4.375% notes due 2033 and $500.0 million of 5.850% notes due 2036 on November 12, 2026.

Entered into a material agreement, New debt or off-balance-sheet obligation Read from the first part of this long document
3 source passages
On November 5, 2026, Zimmer Biomet Holdings, Inc. (the “Company”) entered into an underwriting agreement (the “EUR Underwriting Agreement”) with Barclays Bank PLC, Citigroup Global Markets Limited, HSBC Bank plc, Morgan Stanley & Co. International plc and RBC Europe Limited, as representatives of the underwriters named therein (collectively, the “EUR Underwriters”), in connection with the public offering of €500.0 million aggregate principal amount of the Company’s 4.375% notes due 2033 (the “EUR Notes”). Also on November 5, 2026, the Company entered into an underwriting agreement (the “USD Underwriting Agreement” and, together with the EUR Underwriting Agreement, the “Underwriting Agreements”) with Barclays Capital Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and SMBC Nikko Securities America, Inc., as representatives of the underwriters named therein (collectively, the “USD Underwriters” and, together with the EUR Underwriters, the “Underwriters”), in connection with the public offering of $500.0 million aggregate principal amount of the Company’s 5.850% notes due 2036 (the “USD Notes” and, together with the EUR Notes, the “Notes”). The issuance of the Notes was completed on November 12, 2026. Open the document at this passage
Nov 4
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Net sales rise 3.1% as earnings reach $191.6 million

Zimmer Biomet reported three-month net sales growth of 3.1% and nine-month growth of 5.7%. Nine-month net earnings reached $628.1 million, while three-month net earnings fell to $191.6 million from $230.9 million.

Revenue $2.06B ▲ 3.1% Net income $191.6M ▼ 17.0% Diluted EPS $1.00 ▼ 13.8%
Read from the MD&A section
2 source passages
In the three and nine-month periods ended September 30, 2026, our net sales increased 3.1 percent and 5.7 percent, respectively, when compared to the same prior year periods. Our net earnings were $191.6 million and $628.1 million in the three and nine-month periods ended September 30, 2026, respectively, compared to $230.9 million and $565.8 million, respectively, in the same prior year periods. Open the document at this passage
Nov 4
Current report 8-K
Raises 2026 guidance after 3.7% constant-currency sales growth

Zimmer Biomet Holdings, Inc. reported third-quarter net sales of $2.063 billion, up 3.7% on a constant currency basis, and raised 2026 organic constant-currency revenue growth guidance to 3.0% - 3.5%. Adjusted diluted EPS was $1.90, consistent with the prior year period.

Financial results Read from the first part of this long document
3 source passages
Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH) today reported financial results for the quarter ended September 30, 2026. The Company reported third quarter net sales of $2.063 billion, an increase of 3.1% over the prior year period and an increase of 3.7% on a constant currency1 basis. Diluted earnings per share were $1.00 for the third quarter, a decrease of 13.8%, and adjusted1 diluted earnings per share were $1.90, consistent with the prior year period. 2026 Organic Constant Currency Revenue Change(1) | 2.25% - 3.25% | 3.0% - 3.5% Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$8.57B
Trailing 12 months
Net income (TTM)
$767.40M
Trailing 12 months
Revenue growth YoY
+3.1%
Year over year
Operating margin
13.6%
Trailing 12 months
P / E (TTM)
26.1
Trailing earnings · reciprocal yield 3.8%
FCF yield
8.4%
TTM · current market cap
Return on invested capital
5.1%
Trailing 12 months
Net cash
−$7.10B
Latest balance sheet
Dividend yield
0.9%
Trailing 12 months
Shares change YoY
-3.7%
Year over year · fewer shares
Price change (1Y)
+14.0%
Trailing year
Short interest
4.1%
Latest settlement · 3.9 days to cover
View all 125 metrics

AI Brief

Q2 FY26 earnings call · Aug 5, 2026
Q2 FY26

TL;DR. Zimmer Biomet raised full-year 2026 organic constant currency revenue guidance to 2.25%-3.25% (from 1%-3%) and adjusted EPS guidance to $8.47-$8.59 (from $8.40-$8.55), and increased its 2026 share repurchase plan by $250 million to up to $1 billion, following Q2 organic constant currency revenue growth of 4.0%, Hips up 5.1% and Technology & Data up 21.5%, though adjusted operating margin contracted 210 bps year-over-year to 25.7%.

Bullish
  • + Raised full-year 2026 organic constant currency revenue guidance to 2.25%-3.25% from 1%-3%
  • + Raised full-year 2026 adjusted EPS guidance to $8.47-$8.59 from $8.40-$8.55
  • + Increased 2026 share repurchase plan by $250 million to up to $1 billion
  • + Hips grew 5.1% constant currency, including 5.9% in the U.S., driven by the Z1/HEMER/OrthoGrid 'HIP triple play'
  • + Technology & Data, Bone Cement and Surgical grew 21.5%, with U.S. technology sales up 53% and new ROSA Shoulder launch underway
Bearish
  • − Adjusted operating margin contracted 210 bps year-over-year to 25.7% in Q2, with full-year operating margins now expected to decline a little more than 50 bps
  • − Adjusted gross margin declined 120 bps year-over-year to 71.1% on increased manufacturing costs
  • − Pricing was an 80 bps headwind in the quarter within the full-year range of up to 100 bps
  • − Knees grew only 0.1% organically with international down 1.5% on China and emerging market pressures; management flagged China declining 20% this year
  • − Adjusted EPS of $2.07 was flat year-over-year despite higher revenue due to Paragon 28 dilution and U.S. commercial investments

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Buy
SellHoldBuy
Technical Buy Momentum Very Strong Sentiment Neutral Fundamentals Strong Quant / Vol Moderate
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 200-day avg +12%
above
Price vs 50-day avg +8%
above
RSI (14) 56
neutral
MACD trend Positive
52-week position 77%
mid-range
Volume (OBV) Bearish div.
distributing
Momentum
relative strength
Very Strong
1-month return +9%
trailing
6-month return +22%
trailing
YTD return +15%
this year
Relative strength +22%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $96 › 200d $93 — 50d above 200d
Institutional flow Distributing
829 of 921 funds reported for Sep 30 · net -3.6M sh shares · +79 new
Insider flow Distributing
Net -$824.0K over 90 days · 100% sells
Short interest Falling
4.15% of shares out · ▼ -1.4% MoM · 3.9 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr low
921 holders — near 3-yr low, contrarian setup
Squeeze score 67
elevated · 0–100
Fundamentals
Strong
Revenue growth +7%
Y/Y
Gross margin 42%
contracting
EPS growth −20%
Y/Y
Free cash flow $1.5B
Valuation P/E 26.1
below peers
Buyback $1.5B
authorized
Balance sheet $6.9B
net debt
Quant / Vol
risk profile
Moderate
Volatility 32%
annualized · 1-yr
Max drawdown −21%
past year
ATR 3.2%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the 8-K filed Aug 5, 2026
2026 Reported Revenue Change · Projected Year Ending December 31, 2026 Raised 3.9% – 4.9%
Apr 28, 2026 2.5% – 4.5% changed to Aug 5, 2026 3.9% – 4.9%
2026 Constant Currency Revenue Change · Projected Year Ending December 31, 2026 Non-GAAP Raised 3.4% – 4.4%
Apr 28, 2026 2% – 4% changed to Aug 5, 2026 3.4% – 4.4%
2026 Organic Constant Currency Revenue Change · Projected Year Ending December 31, 2026 Non-GAAP Initiated 2.25% – 3.25%
Adjusted Diluted EPS · Projected Year Ending December 31, 2026 Non-GAAP Raised $8.47 – $8.59
Apr 28, 2026 $8.40 – $8.55 changed to Aug 5, 2026 $8.47 – $8.59
Previous outlook earlier release · from the 8-K filed Feb 10, 2026

Still-open targets the latest release did not restate under the same label.

2026 Reported Revenue Change · Projected Year Ending December 31, 2026 2.5% – 4.5%
2026 Constant Currency Revenue Change · Projected Year Ending December 31, 2026 2% – 4%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy
1 · 3 · 3
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+12% Bullish
Price vs 50-day avg
+8% Bullish
RSI (14)
56 Neutral
MACD trend
Positive Bullish
52-week position
77% Neutral
Volume (OBV)
Bearish div. Bearish
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross) No cross
50d $96 › 200d $93 — 50d above 200d
Institutional flow Distributing
829 of 921 funds reported for Sep 30 · net -3.6M sh shares · +79 new
Insider flow Distributing
Net -$824.0K over 90 days · 100% sells
Short interest Falling
4.15% of shares out · ▼ -1.4% MoM · 3.9 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr low
921 holders — near 3-yr low, contrarian setup
Price context
position in its 52-week range
Range low $80 Now $103 · 77% Range high $110
vs 200-day avg +12% vs 50-day avg +8%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Adjusted effective tax rate non-GAAP 18% Six Months Ended June 30, 2026 —
GAAP → non-GAAP reconciliation
GAAP Effective tax rate $21.8
+$1.6 Tax effect of adjustments made to earnings before taxes
-$5.4 Other certain tax adjustments
= Adjusted effective tax rate $18
Adjusted gross margin non-GAAP 72% Six Months Ended June 30, 2026 —
Adjusted operating profit margin non-GAAP 26.5% Six Months Ended June 30, 2026 —
Free cash flow non-GAAP $554.1M Six Months Ended June 30, 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Medical Devices — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
ZBH
Zimmer Biomet Holdings, Inc.
this stock
$19.53B +14.8% +7.2% 26.1 4.1%
ABT
Abbott Laboratories
$187.95B -13.4% +5.7% 40.5 1.1%
MDT
Medtronic plc
$131.57B +7.1% +8.4% 25.3 1.8%
SYK
Stryker Corp
$117.88B -11.9% +11.2% 33.0 1.7%
BSX
Boston Scientific Corp
$64.27B -53.5% +12.5% 18.8 2.4%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
955
% held
103.5%
Reported
829 of 921
Top holder
Dodge & Cox
Held Float
View
Held by Funds
Fund positions
698
View
Short & Settlement
Short Interest Falling
Shares short
7.8M
Days to cover
3.9d
Change
-111.5K sh
View
Short Volume
Short vol %
84%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
21.7K
Value
$1.9M
As of
Oct 9, 2026
View
Off-Exchange
Off-exchange %
39.2%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$824.0K
Buyers / Sellers
0 / 2
Buyers Sellers
View
Congressional Trades Buy
Member
Alan Armstrong
Amount
$1.0K–$15.0K
Traded
Mar 27, 2026
View
Financials
Financials
Revenue (FY)
$8.2B
Net income (FY)
$705.1M
EPS diluted
$3.55
View
Buybacks
Authorized
$1.5B
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 12, 2026
This year
19

Zimmer Biomet Holdings, Inc. issued €500.0 million of 4.375% notes due 2033 and $500.0 million of 5.850% notes due 2036 on November 12, 2026.

View
Proposed Sales
Value
$529.0K
Shares
5.7K
Filed
Sep 11, 2026
View
Exempt Offerings
Offering
$216.1M
Filed
Feb 15, 2023
View
Earnings & Events
Webcasts Upcoming
Next webcast
Nov 19, 2026
Last webcast
Nov 4, 2026
View
Investor Relations
Latest news
Zimmer Biomet to Present at the A…
Published
Nov 9, 2026
Upcoming events
2
View

Performance

5D 20D 120D MTD YTD
ZBH -2.3% +8.7% +22.3% +9.2% +14.8%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -4.8% +9.8% +21.8% +9.4% +4.2%

Capital returns

Latest dividend
$0.24 / share · ex Sep 30, 2026
Raised 3%
Paid (TTM)
$0.96 / share · 4 payouts
Dividend yield (TTM, derived)
0.93%
Full dividend history
Buyback program · as of Feb 9, 2026
Authorized
$1.50B
Spent (derived)
—
Remaining
—

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1136869 CUSIP 98956P102 13F (30d) 793 filings 700 filers Visit website Investor relations