ZBH Zimmer Biomet Holdings margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 62

Gross margin

69.9%

Operating margin

14.2%

EBITDA margin

27.4%

Net margin

9.5%

Using the latest TTM figures, Zimmer Biomet Holdings shows a gross margin of 69.9%, an operating margin of 14.2%, an EBITDA margin of 27.4%, and a net margin of 9.5%. Operating margin had the largest decline, falling by 1.9 percentage points, while the other available margins also weakened.

ZBH margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Zimmer Biomet Holdings recorded average margins of 71.13% gross, 15.57% operating, 28.49% EBITDA, and 11.03% net. The current gross, operating, EBITDA, and net margins are all below their three-year averages.

ZBH margin expansion

Year-over-year margin changes in percentage points

All available margins contracted year over year, led by operating margin with a decline of 1.9 percentage points.

Gross margin expansion

-1.2pp

Operating margin expansion

-1.9pp

EBITDA margin expansion

-1.6pp

Net margin expansion

-1pp

ZBH Gross margin

Zimmer Biomet Holdings recorded an average gross margin of 71.13% across the last 3 years. Zimmer Biomet Holdings currently reports a gross margin of 69.9%, 1.2 percentage points below its three-year average. The gross margin for Zimmer Biomet Holdings moved between 69.7% in Dec 2025 and 71.9% in Mar 2024.

ZBH Operating margin

The average operating margin for Zimmer Biomet Holdings was 15.57% over the last 3 years. Currently, Zimmer Biomet Holdings's current operating margin is 14.2%, which is 1.4 percentage points below its three-year average. The operating margin for Zimmer Biomet Holdings moved between 12.3% in Sep 2023 and 17.3% in Dec 2023.

ZBH EBITDA margin

Throughout the last 3 years, Zimmer Biomet Holdings had an average EBITDA margin of 28.49%. Compared with its three-year average, Zimmer Biomet Holdings's current EBITDA margin is 27.4% and is 1.1 percentage points below its three-year average. Looking back over the last 3 years, Zimmer Biomet Holdings's EBITDA margin reached 30% at its highest point in Dec 2023 and 25.3% at its lowest in Sep 2023.

ZBH Net margin

The average net margin for Zimmer Biomet Holdings was 11.03% during the last 3 years. Right now, the current net margin for Zimmer Biomet Holdings is 9.5%, 1.5 percentage points below its three-year average. The net margin for Zimmer Biomet Holdings moved between 6.5% in Sep 2023 and 14.3% in Sep 2024.

ZBH margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 69.9%, ZBH stands above the Healthcare sector, the industry and its peers average. But in comparison with its Healthcare sector average of 68.5%, Zimmer Biomet Holdings's gross margin is only 2% higher.

ZBH margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Zimmer Biomet Holdings's gross margin?

For the period ending Jun 30, 2026, ZBH recorded a gross margin of 69.9%.

What is Zimmer Biomet Holdings's operating margin?

For the period ending Jun 30, 2026, ZBH recorded an operating margin of 14.2%.

What is Zimmer Biomet Holdings's EBITDA margin?

The current EBITDA margin for ZBH is 27.4% as of Jun 30, 2026.

What is Zimmer Biomet Holdings's net margin?

The current net margin for ZBH is 9.5% as of Jun 30, 2026.

What are the average margins of ZBH?

Zimmer Biomet Holdings's gross, operating, EBITDA, and net margins averaged 71.1% gross, 15.6% operating, 28.5% EBITDA, and 11.0% net over the last 3 years.

What are the highest historical margins of ZBH?

Over the last 5 years, Zimmer Biomet Holdings's highest margins were 71.9% gross in Mar 2024, 18.2% operating in Sep 2021, 30% EBITDA in Dec 2023, and 14.3% net in Sep 2024.

What are the lowest historical margins of ZBH?

Zimmer Biomet Holdings's lowest recorded margins during the past 5 years were 69.7% gross in Dec 2025, 10% operating in Dec 2022, 20.4% EBITDA in Sep 2022, and 3.2% net in Mar 2022.