ZIMMER BIOMET HOLDINGS, INC.
Business
Zimmer Biomet designs, manufactures, and markets orthopedic reconstructive products including knee and hip implants, sports medicine solutions, trauma fixation systems, extremities devices, and craniomaxillofacial products. The company also provides bone cement, surgical instruments, and integrated robotic and digital technologies such as the ROSA surgical platform and ZBEdge analytics system. Products are sold directly to hospitals and ambulatory surgery centers, and through distributors, with approximately 85 percent on consignment.
Summary from 10-K filed 2026-02-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net Sales | 8,232 | 7,679 | 7,394 | 6,940 | 6,827 | |
| Cost of products sold, excluding intangible asset amortization | 2,494 | 2,191 | 2,084 | 2,020 | 1,960 | |
| Intangible asset amortization | 666 | 592 | 562 | 527 | 530 | |
| Research and development | 459 | 437 | 459 | 406 | 436 | |
| Selling, general and administrative | 3,257 | 2,930 | 2,839 | 2,762 | 2,843 | |
| Restructuring and other cost reduction initiatives | 181 | 219 | 152 | 192 | 126 | |
| Acquisition, integration, divestiture and related | 77 | 24 | 22 | 11 | 3 | |
| Operating expenses | 7,133 | 6,393 | 6,117 | 6,244 | 5,967 | |
| Operating Profit | 1,098 | 1,286 | 1,278 | 696 | 860 | |
| Other income (expense), net | 26 | −31 | −9 | −128 | 12 | |
| Interest expense, net | −293 | −218 | −201 | −165 | −208 | |
| Earnings before income taxes | 831 | 1,037 | 1,067 | 404 | 499 | |
| Provision for income taxes | 126 | 131 | 42 | 112 | 54 | |
| Net Earnings | 705 | 905 | 1,025 | 291 | 446 | |
| Less: Net (loss) earnings attributable to noncontrolling interest | −100,000 | 2 | 1 | 1 | 500,000 | |
| Net Earnings of Zimmer Biomet Holdings, Inc. | 705 | 904 | 1,024 | 231 | 402 | |
| Basic (per share) | 3.56 | 4.45 | 4.91 | 1.1 | 1.93 | |
| Diluted (per share) | 3.55 | 4.43 | 4.88 | 1.1 | 1.91 | |
| Basic (shares) | 198 | 203 | 209 | 210 | 209 | |
| Diluted (shares) | 199 | 204 | 210 | 210 | 210 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-04-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 592 | 526 | 416 | 376 | — | |
| Accounts receivable, less allowance for credit losses | 1,704 | 1,481 | 1,442 | 1,382 | — | |
| Inventories | 2,286 | 2,235 | 2,385 | 2,147 | — | |
| Prepaid expenses and other current assets | 537 | 430 | 366 | 523 | — | |
| Total Current Assets | 5,120 | 4,672 | 4,610 | 4,427 | — | |
| Property, plant and equipment, net | 2,207 | 2,049 | 2,060 | 1,873 | — | |
| Goodwill | 9,947 | 8,951 | 8,819 | 8,580 | 48 | |
| Intangible assets, net | 4,717 | 4,598 | 4,856 | 5,064 | — | |
| Other assets | 1,100 | 1,096 | 1,152 | 1,122 | — | |
| Total Assets | 23,092 | 21,365 | 21,497 | 21,066 | — | |
| Accounts payable | 303 | 195 | 411 | 354 | — | |
| Other current liabilities | 1,694 | 1,393 | 1,547 | 1,421 | — | |
| Current portion of long-term debt | 587 | 863 | 900 | 544 | — | |
| Total Current Liabilities | 2,584 | 2,451 | 2,857 | 2,358 | — | |
| Deferred income taxes, net | 244 | 353 | 358 | 475 | — | |
| Other long-term liabilities | 626 | 744 | 926 | 633 | — | |
| Long-term debt | 6,932 | 5,342 | 4,868 | 5,152 | — | |
| Total Liabilities | 10,386 | 8,889 | 9,009 | 9,039 | — | |
| Commitments and Contingencies (Note 20) | — | — | — | — | — | |
| Common stock, $0.01 par value, one billion shares authorized, 318.7 million (317.5 million in 2024) issued | 3 | 3 | 3 | 3 | — | |
| Paid-in capital | 10,179 | 10,038 | 9,846 | 9,504 | — | |
| Retained earnings | 11,611 | 11,095 | 10,385 | 9,559 | — | |
| Accumulated other comprehensive loss | −206 | −263 | −191 | −179 | — | |
| Treasury stock, 123.2 million shares (118.4 million shares in 2024) | −8,889 | −8,406 | −7,562 | −6,867 | — | |
| Total Zimmer Biomet Holdings, Inc. stockholders' equity | 12,698 | 12,468 | 12,481 | 12,020 | — | |
| Noncontrolling interest | 8 | 8 | 8 | 7 | — | |
| Total Stockholders' Equity | 12,706 | 12,476 | 12,488 | 12,027 | — | |
| Total Liabilities and Stockholders' Equity | 23,092 | 21,365 | 21,497 | 21,066 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 1,094 | 996 | 952 | 926 | 938 | |
| Share-based compensation | 90 | 101 | 100 | 105 | 76 | |
| Deferred income tax benefit | −87 | −48 | −96 | −64 | −102 | |
| Income taxes | −167 | −159 | −74 | −153 | −124 | |
| Receivables | −127 | −90 | −52 | −185 | −41 | |
| Inventories | 98 | 50 | −240 | −76 | −8 | |
| Accounts payable and accrued liabilities | 102 | −322 | −55 | 103 | 87 | |
| Other assets and liabilities | −11 | 65 | 23 | −1 | −48 | |
| Net cash provided by operating activities | 1,697 | 1,499 | 1,582 | — | 1,499 | |
| Additions to instruments | −301 | −240 | −312 | −258 | −274 | |
| Additions to other property, plant and equipment | −225 | −204 | −291 | −188 | −144 | |
| Net investment hedge settlements | −400,000 | 22 | 33 | 89 | 2 | |
| Acquisition of intangible assets | −52 | −153 | −103 | −30 | −8 | |
| Business combination investments, net of acquired cash | −1,393 | −276 | −135 | −100 | — | |
| Other investing activities | −5 | −37 | 29 | −36 | −20 | |
| Net cash used in investing activities | −1,976 | −888 | −779 | — | −504 | |
| Net payments on revolving facilities | — | −50 | −325 | −220 | — | |
| Proceeds from senior notes | 2,492 | 1,436 | 500 | — | 1,600 | |
| Redemption of senior notes | −1,463 | −850 | −86 | −1,276 | −2,655 | |
| Payments on term loans | — | 0 | −34 | −243 | — | |
| Dividends paid to stockholders | −190 | −196 | −201 | −201 | −200 | |
| Proceeds from employee stock compensation plans | 40 | 82 | 101 | 78 | 123 | |
| Business combination contingent consideration payments | −25 | −4 | −10 | — | −9 | |
| Debt issuance costs | −23 | −13 | −6 | −2 | −13 | |
| Repurchase of common stock | −487 | −868 | −692 | −126 | — | |
| Other financing activities | −18 | −22 | −10 | −5 | −6 | |
| Net cash provided by (used in) financing activities | 326 | −485 | −764 | — | −1,306 | |
| Effect of exchange rates on cash and cash equivalents | 19 | −17 | 900,000 | −15 | −13 | |
| Increase in cash and cash equivalents | 66 | 110 | 40 | −103 | −324 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is ZIMMER BIOMET HOLDINGS, INC.'s CIK number?
ZIMMER BIOMET HOLDINGS, INC.'s SEC CIK number is 0001136869 (1136869). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ZIMMER BIOMET HOLDINGS, INC.'s SEC filings?
All of ZIMMER BIOMET HOLDINGS, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ZIMMER BIOMET HOLDINGS, INC. last report earnings?
ZIMMER BIOMET HOLDINGS, INC. (ZBH) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-183411). This is ZIMMER BIOMET HOLDINGS, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is ZIMMER BIOMET HOLDINGS, INC.'s most recent earnings 8-K?
ZIMMER BIOMET HOLDINGS, INC.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001193125-26-183411. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View ZIMMER BIOMET HOLDINGS, INC.'s latest earnings 8-K →
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