ZBHZimmer Biomet

Health care · Medical Devices · NYSE

Zimmer Biomet is a global medical technology leader with a comprehensive portfolio designed to maximize mobility and improve health. 10-K, Item 1

Employees: 17,000
Headquarters: Warsaw, IN
Next results: around Feb 9, 2027

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RevenueFY2016–25 $8.2B+7.2% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $705.1M−22.0% FY2024: $903.8M 10-K FY2025 · XBRL Free cash flowFY2016–25 $1.5B+13.7% FY2024: $1.3B 10-K FY2025 · XBRL Operating marginFY2016–25 13.3%−3.4 pts 10.7% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 20, 2026 against Feb 25, 2025

Area	What changed	Source
Risk factors	10 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Critical audit matters changed	New this year: Acquisition of Paragon 28 - Valuation of a Certain Technology Intangible Asset (“As described in Note 9 to the consolidated financial statements, on April 21, 2025, the Company completed the acquisition of Paragon 28 and the fair value of consideration transferred was $1,276.5 million. Of the assets”). Same as last year: Tax Liabilities for Certain Unrecognized Tax Benefits	10-K · XBRL
Accounting checks	10 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 20, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-25. Quoted as filed.

We are transforming aspects of our sales and distribution network and go-to-market model in the U.S. and certain other markets, and these efforts may not be successful and they involve risks and challenges that may adversely impact our business, results of operations and financial condition. We are converting substantial portions of our…
10-K, Item 1A

All 10 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

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Critical audit matters changedNew this year: Acquisition of Paragon 28 - Valuation of a Certain Technology Intangible Asset (“As described in Note 9 to the consolidated financial statements, on April 21, 2025, the Company completed the acquisition of Paragon 28 and the fair value of consideration transferred was $1,276.5 million. Of the assets”). Same as last year: Tax Liabilities for Certain Unrecognized Tax Benefits
✓
Receivables +15.1% vs revenue +7.2% (+7.9 pts)
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Cash from operations $1.7B vs net income $705.1M (FY ending 2025-12-31)
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Inventory +2.3% vs revenue +7.2% (-4.9 pts)
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Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 4, 20268-K Quarterly results 8-K item 2.02
Nov 4, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

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