Zimmer Biomet Holdings
Zimmer Biomet Holdings returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 5.31% | 6.03% | -18.28% | 6.41% | 3.53% | -2.4 pp |
| FY 2026 Q1 | Mar 31, 2026 | 5.24% | 5.93% | -9.75% | 6.07% | 3.39% | -2.5 pp |
| FY 2025 Q4 | Dec 31, 2025 | 4.93% | 5.57% | -12.91% | 5.6% | 3.17% | -2.8 pp |
| FY 2025 Q3 | Sep 30, 2025 | 5.56% | 6.79% | — | 6.41% | 3.56% | -2.1 pp |
| FY 2025 Q2 | Jun 30, 2025 | 5.67% | 6.62% | -10.19% | 6.52% | 3.71% | -2 pp |
| FY 2025 Q1 | Mar 31, 2025 | 6.31% | 6.81% | -19.54% | 7.31% | 4.19% | -1.4 pp |
| FY 2024 Q4 | Dec 31, 2024 | 6.24% | 6.85% | -33.15% | 7.25% | 4.22% | -1.5 pp |
| FY 2024 Q3 | Sep 30, 2024 | — | 6.71% | — | 8.71% | 5.05% | — |
| FY 2024 Q2 | Jun 30, 2024 | 6.74% | 6.7% | 138.01% | 7.94% | 4.66% | -1 pp |
| FY 2024 Q1 | Mar 31, 2024 | 6.62% | 6.48% | 139.75% | 7.79% | 4.52% | -1.1 pp |
| FY 2023 Q4 | Dec 31, 2023 | 6.97% | 6.84% | 147.17% | 8.36% | 4.81% | -0.7 pp |
| FY 2023 Q3 | Sep 30, 2023 | 3.42% | 4.69% | -68.64% | 3.83% | 2.23% | -4.3 pp |
| FY 2023 Q2 | Jun 30, 2023 | 3.74% | 4.59% | -399.76% | 4.13% | 2.37% | -4 pp |
| FY 2023 Q1 | Mar 31, 2023 | 3.56% | 4.36% | — | 3.72% | 2.1% | -4.1 pp |
| FY 2022 Q4 | Dec 31, 2022 | 2.75% | 3.6% | — | 1.88% | 1.04% | -5 pp |
| FY 2022 Q3 | Sep 30, 2022 | 4.35% | 4.01% | — | 2.23% | 1.23% | -3.3 pp |
| FY 2022 Q2 | Jun 30, 2022 | 3.71% | 3.84% | — | 1.86% | 1% | -4 pp |
| FY 2022 Q1 | Mar 31, 2022 | 3.53% | 3.49% | — | 1.78% | 0.95% | -4.2 pp |
| FY 2021 Q4 | Dec 31, 2021 | 3.87% | 3.73% | — | 3.23% | 1.68% | -3.8 pp |
| FY 2021 Q3 | Sep 30, 2021 | — | 4.4% | — | 6.67% | 3.41% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 4.8% | — | 7.57% | 3.83% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | 2.9% | — | 4.67% | 2.29% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | -0.41% | — | -1.13% | -0.57% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | 0.04% | — | -1.27% | -0.63% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | -0.21% | — | 0.32% | 0.15% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | 1.51% | — | 3.22% | 1.51% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | 5.3% | — | 9.57% | 4.64% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | 0.05% | — | -0.74% | -0.36% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | -0.06% | — | -3.03% | -1.45% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 0.35% | — | -2.62% | -1.2% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | 0.15% | — | -3.3% | -1.51% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | 3.39% | — | 15.47% | 6.77% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 3.3% | — | 15.14% | 6.51% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 3.17% | — | 15.4% | 6.24% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 3.42% | — | 16.95% | 6.89% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | 4.28% | — | 6.46% | 2.44% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | 4.27% | — | 7.18% | 2.72% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | 3.79% | — | 5.07% | 1.86% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 3.31% | — | 3.13% | 1.13% | — |
| FY 2016 Q3 | Sep 30, 2016 | 2.96% | 3.45% | 52.91% | 3.65% | 1.34% | -4.7 pp |
| FY 2016 Q2 | Jun 30, 2016 | 1.99% | 3.18% | — | 2.28% | 0.84% | -5.7 pp |
| FY 2016 Q1 | Mar 31, 2016 | — | 2.17% | — | 1.2% | 0.45% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | 2.73% | — | 1.79% | 0.8% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | 2.91% | — | 2.39% | 1.09% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 3.69% | — | 4.12% | 1.85% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 8.17% | — | 10.54% | 5.09% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | 12.07% | — | 11.24% | 7.5% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | 13.12% | — | 12.61% | 8.4% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 12.78% | — | 12.78% | 8.41% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 12.6% | — | 12.79% | 8.43% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | 12.41% | — | 12.52% | 8.19% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | 11.11% | — | 11.34% | 7.47% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 11.81% | — | 12.11% | 7.92% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 13.36% | — | 13.45% | 8.81% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | 13.26% | — | 13.28% | 8.61% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 13.48% | — | 13.28% | 8.94% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 13.74% | — | — | 9.16% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 13.5% | — | — | 9.11% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | 13.7% | — | 13.49% | 9.21% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | 12.76% | — | 11.19% | 7.89% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 12.85% | — | — | 7.95% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | 12.62% | — | — | 7.53% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | 12.74% | — | 10.46% | 7.56% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | 14.46% | — | 12.16% | 9.16% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | 13.76% | — | 11.72% | 8.84% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · ZBH, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.