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Companies / Health Care / Zimmer Biomet
ZBH

Zimmer Biomet

Health CareMedical InstrumentsS&P 500
Ticker ZBHWARSAW, INFiscal year ends DecemberBook value per share $64.97Diluted shares 194.3M

Zimmer Biomet Holdings, Inc. (NYSE: ZBH) is a global medical technology leader headquartered in Warsaw, Indiana, with operations spanning the United States, Europe, Asia Pacific, and other international markets. The company designs, manufactures, and markets a comprehensive portfolio of orthopedic reconstructive… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$8.23BFY2025
+7.2% year over year
Last 12 mo $8.51B
13.34%FY2025
−3.4 percentage points
Last 12 mo 14.16%
$705.10MFY2025
−22.1% year over year
Last 12 mo $807.00M
6.76%FY2025
−2 percentage points
Last 12 mo 6.39%
Cash & financing
$1.70BFY2025
+13.2% year over year
Last 12 mo $1.74B
$1.47BFY2025
+13.7% year over year
Last 12 mo $1.52B
0.59FY2025
Was 0.50× a year earlier
Last 12 mo 0.59
198.7MFY2025
−2.6% year over year
Last 12 mo 194.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Zimmer Biomet does

In the company’s own words

Zimmer Biomet Holdings, Inc. (NYSE: ZBH) is a global medical technology leader headquartered in Warsaw, Indiana, with operations spanning the United States, Europe, Asia Pacific, and other international markets. The company designs, manufactures, and markets a comprehensive portfolio of orthopedic reconstructive products, sports medicine and biologics, extremities and trauma solutions, craniomaxillofacial and thoracic products, bone cement, surgical instruments, and integrated digital and robotic technologies. The company's website is www.zimmerbiomet.com.

Zimmer Biomet operates through three primary geographic segments: the Americas, which represents the largest segment with the United States accounting for approximately 95 percent of regional sales; Europe, Middle East and Africa, the second-largest segment where France, Germany, Italy, Spain, and the United Kingdom collectively represent approximately 50 percent of regional sales; and Asia Pacific, where Japan comprises approximately 50 percent of regional sales. The company employs approximately 17,000 people worldwide, including roughly 2,000 dedicated to research and development and 6,000 in manufacturing operations, with approximately 7,000 employees in the United States and 10,000 internationally.

The company's product portfolio includes significant orthopedic brands such as the Persona Knee, NexGen Knee Implants, Taperloc Hip System, and Avenir Complete Hip System, along with the ROSA Robot for surgical assistance. The S.E.T. category encompasses sports medicine, biologics, foot and ankle, upper extremities, trauma, and craniomaxillofacial products. The company also markets the ZBEdge Platform, connecting robotic and digital technologies to collect surgical data and deliver patient insights.

Zimmer Biomet's history dates to 1927 with the founding of Zimmer Manufacturing Company. The company was spun off as an independent public company in 2001 and acquired Biomet in 2015, adopting its current name. The company maintains extensive research and development facilities across multiple locations including Warsaw, Montreal, Denver, Jacksonville, Austin, Zug, and Beijing. Consignment sales represent approximately 85 percent of net sales, reflecting the company's direct relationships with healthcare institutions and surgical centers.

Company details
Sector
Health Care
Industry (SIC)
Medical Instruments
Headquarters
WARSAW, IN
Fiscal year end
December
CIK
1136869
SIC
3842

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.27B$1.40B$4.06B$6.73B$9.40B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Zimmer Biomet — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

630
funds hold it
2 of 35
superinvestors hold it
$9.30B
held by funds, at market
57.4%
of shares held by funds
12
bond issues held by funds

Superinvestors in Zimmer Biomet · what they did last quarter

Bill NygrenDECREASED -1.7%
Harris Associates (Oakmark)
1.5%of 13F portfolio
Mark HillmanDECREASED -3.2%
Hillman Capital Management
3.4%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Zimmer Biomet’s weight in each

Dodge & Cox Stock Fund
DODGX · Dodge & Cox Funds
1.13%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
Oakmark Fund
OAKMX · HARRIS ASSOCIATES INVESTMENT TRUST
2.01%of fund net assets
VANGUARD WINDSOR II FUND
VWNFX · VANGUARD WINDSOR FUNDS
—of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.03%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Zimmer Biomet’s bonds, as funds hold them

Funds report holding 12 issues of Zimmer Biomet’s debt, $1.15B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.63%, maturing 2026 to 2045.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Zimmer Biomet and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Zimmer Biomet's earnings go — cash, debt, buybacks, reinvestment?”
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