Zimmer Biomet Holdings, Inc. (ZBH) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.09B | 2.24B | 2B | 2.08B | 1.91B | 2.02B | 1.82B | 1.94B | 1.89B | 1.94B | 1.75B | 1.87B | 1.83B | 1.83B | 1.67B | 1.78B | 1.66B | 2.04B | 1.69B | 1.76B |
| Revenue Growth % | 9.3% | 10.9% | 9.71% | 6.97% | 1.05% | 4.28% | 4.03% | 3.87% | 3.18% | 6.3% | 5.02% | 4.93% | 10.09% | -10.44% | -0.93% | 1.05% | 3.86% | -2.27% | -12.64% | 43.81% |
| Cost of Goods Sold | 576.2M | 792.4M | 559.3M | 592.2M | 549.8M | 586.7M | 538.6M | 553.6M | 512.3M | 538.8M | 518.6M | 525.5M | 500.8M | 520.3M | 488.2M | 511M | 500M | 661.5M | 491.4M | 496.2M |
| COGS % of Revenue | 27.61% | 35.32% | 27.95% | 28.51% | 28.8% | 29% | 29.53% | 28.51% | 27.12% | 27.77% | 29.57% | 28.11% | 27.35% | 28.51% | 29.24% | 28.68% | 30.06% | 32.46% | 29.16% | 28.14% |
| Gross Profit | 1.51B | 1.45B | 1.44B | 1.49B | 1.36B | 1.44B | 1.29B | 1.39B | 1.38B | 1.4B | 1.24B | 1.34B | 1.33B | 1.3B | 1.18B | 1.27B | 1.16B | 1.38B | 1.19B | 1.27B |
| Gross Margin % | 72.39% | 64.68% | 72.05% | 71.49% | 71.2% | 71% | 70.47% | 71.49% | 72.88% | 72.23% | 70.43% | 71.89% | 72.65% | 71.49% | 70.76% | 71.32% | 69.94% | 67.54% | 70.84% | 71.86% |
| Gross Profit Growth % | 11.12% | 1.04% | 12.17% | 6.96% | -1.28% | 2.51% | 4.1% | 3.3% | 3.51% | 7.4% | 4.52% | 5.77% | 14.36% | -5.2% | -1.04% | 0.29% | -0.16% | -4.28% | -12.2% | 58.07% |
| Operating Expenses | 1.14B | 1.16B | 1.09B | 1.19B | 1.07B | 1.05B | 1.01B | 1.04B | 1.11B | 1.05B | 968.4M | 1.01B | 1B | 1.33B | 936.3M | 989.9M | 964.8M | 1.3B | 951M | 1.04B |
| OpEx % of Revenue | 54.5% | 51.86% | 54.5% | 57.05% | 55.89% | 51.77% | 55.15% | 53.4% | 58.81% | 53.97% | 55.22% | 54.26% | 54.77% | 73.04% | 56.07% | 55.56% | 58.01% | 63.66% | 56.43% | 59.11% |
| Selling, General & Admin | 849.9M | 867.1M | 811.4M | 814.8M | 758.8M | 746.9M | 709.7M | 737.1M | 736.2M | 722.3M | 674.9M | 725.8M | 715.9M | 727.1M | 654.9M | 695.2M | 684.5M | 934M | 684.4M | 696.8M |
| SG&A % of Revenue | 40.73% | 38.64% | 40.54% | 39.22% | 39.75% | 36.92% | 38.9% | 37.96% | 38.97% | 37.23% | 38.49% | 38.82% | 39.1% | 39.84% | 39.22% | 39.02% | 41.16% | 45.83% | 40.61% | 39.52% |
| Research & Development | 103.4M | 118.8M | 115.9M | 113.3M | 110.6M | 108.5M | 111.6M | 109.4M | 107.9M | 113.3M | 116.9M | 118.1M | 110.4M | 108M | 101.7M | 99.4M | 96.9M | 113.4M | 93.8M | 165M |
| R&D % of Revenue | 4.96% | 5.29% | 5.79% | 5.45% | 5.79% | 5.36% | 6.12% | 5.63% | 5.71% | 5.84% | 6.67% | 6.32% | 6.03% | 5.92% | 6.09% | 5.58% | 5.83% | 5.56% | 5.57% | 9.36% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 373.2M | 287.8M | 351.3M | 300M | 292.3M | 389M | 279.5M | 351.3M | 265.9M | 354.2M | 266.6M | 329.6M | 327.3M | -28.3M | 245.3M | 280.9M | 198.4M | 79.1M | 243M | 224.8M |
| Operating Margin % | 17.88% | 12.83% | 17.55% | 14.44% | 15.31% | 19.23% | 15.32% | 18.09% | 14.07% | 18.26% | 15.2% | 17.63% | 17.88% | -1.55% | 14.69% | 15.77% | 11.93% | 3.88% | 14.42% | 12.75% |
| Operating Income Growth % | 27.68% | -26.02% | 25.69% | -14.6% | 9.93% | 9.83% | 4.84% | 6.58% | -18.76% | 1351.59% | 8.68% | 17.34% | 64.97% | -135.78% | 0.95% | 24.96% | -23.31% | -67.14% | -18.78% | 230.93% |
| EBITDA | 535.3M | 571.8M | 634.9M | 571.8M | 546.7M | 652.6M | 530.4M | 594.5M | 504.5M | 595.4M | 507.8M | 567.1M | 559.1M | 200.2M | 476.7M | 513.6M | 432.2M | 346.2M | 476M | 460.6M |
| EBITDA Margin % | 25.65% | 25.48% | 31.72% | 27.53% | 28.64% | 32.26% | 29.08% | 30.61% | 26.7% | 30.69% | 28.96% | 30.33% | 30.54% | 10.97% | 28.55% | 28.82% | 25.99% | 16.99% | 28.24% | 26.12% |
| EBITDA Growth % | -2.09% | -12.38% | 19.7% | -3.82% | 8.36% | 9.61% | 4.45% | 4.83% | -9.77% | 197.4% | 6.52% | 10.42% | 29.36% | -42.17% | 0.15% | 11.51% | -12.58% | -31.59% | -14.66% | 448.33% |
| D&A (Non-Cash Add-back) | 162.1M | 284M | 283.6M | 271.8M | 254.4M | 263.6M | 250.9M | 243.2M | 238.6M | 241.2M | 241.2M | 237.5M | 231.8M | 228.5M | 231.4M | 232.7M | 233.8M | 267.1M | 233M | 235.8M |
| EBIT | 376.2M | 169.9M | 354.6M | 303.9M | 295.2M | 350.9M | 284.6M | 353.3M | 265.8M | 334.8M | 270.3M | 328.4M | 335M | -32.2M | 219.9M | 238.3M | 142.3M | -89.9M | 243.3M | 232.8M |
| Net Interest Income | -68.8M | -71.9M | -75.4M | -79.3M | -66.2M | -61.9M | -54.3M | -51.1M | -50.7M | -50.3M | -51.1M | -51.6M | -48.2M | -42.6M | -42.3M | -38.8M | -41.1M | -48.8M | -52.6M | -54.7M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 68.8M | 71.9M | 75.4M | 79.3M | 66.2M | 61.9M | 54.3M | 51.1M | 50.7M | 50.3M | 51.1M | 51.6M | 48.2M | 42.6M | 42.3M | 38.8M | 41.1M | 48.8M | 52.6M | 54.7M |
| Other Income/Expense | -71.9M | -189.8M | -72.1M | -75.4M | -63.3M | -100M | -49.2M | -49.1M | -50.8M | -69.7M | -47.4M | -52.8M | -40.5M | -46.5M | -67.7M | -81.4M | -97.2M | -217.8M | -52.3M | -46.7M |
| Pretax Income | 301.3M | 98M | 279.2M | 224.6M | 229M | 289M | 230.3M | 302.2M | 215.1M | 284.5M | 219.2M | 276.8M | 286.8M | -74.8M | 177.6M | 199.5M | 101.2M | -138.7M | 190.7M | 178.1M |
| Pretax Margin % | 14.44% | 4.37% | 13.95% | 10.81% | 12% | 14.28% | 12.62% | 15.56% | 11.39% | 14.66% | 12.5% | 14.81% | 15.66% | -4.1% | 10.64% | 11.2% | 6.08% | -6.81% | 11.31% | 10.1% |
| Income Tax | 63M | -39.9M | 48M | 71.2M | 46.5M | 48.9M | -18.9M | 59.1M | 42.3M | -135.2M | 56.4M | 66.9M | 54.1M | 55.4M | -16.6M | 45.5M | 28M | -54.8M | 28.3M | 33.3M |
| Effective Tax Rate % | 20.91% | -40.71% | 17.19% | 31.7% | 20.31% | 16.92% | -8.21% | 19.56% | 19.67% | -47.52% | 25.73% | 24.17% | 18.86% | -74.06% | -9.35% | 22.81% | 27.67% | 39.51% | 14.84% | 18.7% |
| Net Income | 238.1M | 139.5M | 230.9M | 152.8M | 182M | 239.5M | 249.1M | 242.8M | 172.4M | 419.2M | 162.7M | 209.6M | 232.5M | -130.5M | 194M | 153.7M | 14.2M | -84M | 145.6M | 141.9M |
| Net Margin % | 11.41% | 6.22% | 11.54% | 7.36% | 9.53% | 11.84% | 13.66% | 12.5% | 9.13% | 21.61% | 9.28% | 11.21% | 12.7% | -7.15% | 11.62% | 8.63% | 0.85% | -4.12% | 8.64% | 8.05% |
| Net Income Growth % | 30.82% | -41.75% | -7.31% | -37.07% | 5.57% | -42.87% | 53.1% | 15.84% | -25.85% | 421.23% | -16.13% | 36.37% | 1537.32% | -55.36% | 33.24% | 8.32% | -92.83% | -125.17% | -39.96% | 168.68% |
| Net Income (Continuing) | 238.3M | 137.9M | 231.2M | 153.4M | 182.6M | 240.1M | 249.2M | 243.1M | 172.8M | 419.7M | 162.9M | 209.9M | 232.8M | -130.2M | 194.2M | 154M | 73.2M | -83.9M | 162.4M | 144.8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | -1000K | -1000K |
| Minority Interest | 0 | 0 | 9.5M | 9.3M | 8.7M | 8.1M | 8.5M | 8.4M | 8.1M | 7.7M | 7.2M | 7.1M | 6.9M | 6.7M | 6.4M | 6.2M | 5.9M | 5.7M | 5.6M | 5.4M |
| EPS (Diluted) | 1.22 | 0.70 | 1.16 | 0.77 | 0.91 | 1.20 | 1.23 | 1.18 | 0.84 | 2.01 | 0.77 | 1.00 | 1.11 | -0.62 | 0.92 | 0.73 | 0.07 | -0.40 | 0.69 | 0.67 |
| EPS Growth % | 34.07% | -41.67% | -5.69% | -34.75% | 8.33% | -40.3% | 59.74% | 18% | -24.32% | 424.19% | -16.3% | 36.99% | 1542.01% | -55% | 33.33% | 8.96% | -92.81% | -125.16% | -40.52% | 167% |
| EPS (Basic) | 1.22 | 0.71 | 1.17 | 0.77 | 0.92 | 1.20 | 1.23 | 1.18 | 0.84 | 2.01 | 0.78 | 1.00 | 1.11 | -0.62 | 0.92 | 0.73 | 0.07 | -0.40 | 0.70 | 0.68 |
| Diluted Shares Outstanding | 195.8M | 198.1M | 198.8M | 198.3M | 199.7M | 199.9M | 203M | 206.4M | 206.2M | 208.6M | 210M | 209.9M | 210.4M | 209.8M | 210.3M | 210.3M | 210.1M | 208.9M | 210.6M | 210.7M |
| Basic Shares Outstanding | 195M | 197.2M | 198.1M | 197.9M | 198.9M | 199.1M | 202.3M | 205.7M | 205.2M | 207.9M | 208.9M | 208.6M | 209.4M | 209.8M | 209.8M | 209.6M | 209.2M | 208.9M | 208.8M | 208.6M |
| Dividend Payout Ratio | 19.7% | 34.05% | 20.57% | 31.09% | 26.26% | 20.04% | 19.75% | 20.35% | 28.65% | 11.98% | 30.79% | 24% | 21.63% | - | 25.93% | 32.73% | 353.52% | - | 34.41% | 35.24% |