# ZBH · Zimmer Biomet Holdings, Inc. Snapshot 2026-10-26 · CIK 0001136869 · NYSE · Orthopedic, Prosthetic & Surgical Appliances & Supplies Price 98.56 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 18.8 B Machine-readable: https://theclaudetrader.com/s/ZBH.json · index: https://theclaudetrader.com/llms.txt ## Scores ### Graham Defensive: 60.9 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2013–2025 · price 2026-10-23 · verification {'verified': 14, 'mismatch': 0, 'unverified': 21, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham - 1 Adequate size: 8.23 revenue $B · threshold >= 1 · points 5.0/5 - 2a Current ratio: 1.69 · threshold >= 2.0 · points 10.4/15 - 2b Long-term debt vs working capital: 3.01 LTD / WC · threshold <= 1.0 · points 0.0/15 - 3 Positive earnings each of 10 years: 8 of 10 · threshold 10 of 10 · points 12.0/15 - 4 Dividends every year for 20 years: 14 of 20 · threshold 20 of 20 · points 10.5/15 - 5 EPS growth, 3-yr avg now vs 10 yrs ago: 2.16 -> 4.29 (+98%) · threshold >= +33% · points 10.0/10 - 6 P/E on 3-year average EPS: 23.0 · threshold <= 15 · points 3.0/15 - 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 1.49, product 34.2 · threshold <= 1.5 or <= 22.5 · points 10.0/10 Inputs: - Price (close, per traded unit): 98.56 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Revenue: 8231500000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - current_assets: 5096700000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - current_liabilities: 3013500000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - lt_debt: 6277500000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - equity: 12623900000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - Net income FY2016: 305900000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000156459019004283/ · unverified - Net income FY2017: 1813800000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000156459020005657/ · unverified - Net income FY2018: -379200000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000156459021007163/ · unverified - Net income FY2019: 1131600000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312522178777/ · unverified - Net income FY2020: -138900000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000095017023004264/ · unverified - Net income FY2021: 401600000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000095017024092996/ · unverified - Net income FY2022: 231400000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000095017025026604/ · unverified - Net income FY2023: 1024000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Net income FY2024: 903800000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Net income FY2025: 705100000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Dividend years (Yahoo): [2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/ZBH/history?filter=div · verified (partly: XBRL covers 13 of 20 years) - Dividends per share FY2013 (XBRL): 0.8 · 2013-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1136869/000119312516485039/ · verified - Dividends per share FY2014 (XBRL): 0.88 · 2014-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1136869/000119312517065632/ · verified - Dividends per share FY2015 (XBRL): 0.88 · 2015-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1136869/000156459018003549/ · verified - Dividends per share FY2016 (XBRL): 0.96 · 2016-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1136869/000156459019004283/ · verified - Dividends per share FY2017 (XBRL): 0.96 · 2017-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1136869/000156459020005657/ · verified - Dividends per share FY2018 (XBRL): 0.96 · 2018-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1136869/000156459021007163/ · verified - Dividends per share FY2019 (XBRL): 0.96 · 2019-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1136869/000119312522178777/ · verified - Dividends per share FY2020 (XBRL): 0.96 · 2020-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1136869/000095017023004264/ · verified - Dividends per share FY2021 (XBRL): 0.96 · 2021-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1136869/000095017024092996/ · verified - Dividends per share FY2022 (XBRL): 0.96 · 2022-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1136869/000095017025026604/ · verified - Dividends per share FY2023 (XBRL): 0.96 · 2023-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · verified - Dividends per share FY2024 (XBRL): 0.96 · 2024-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · verified - Dividends per share FY2025 (XBRL): 0.96 · 2025-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · verified - EPS diluted FY2014: 4.2 · 2014-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1136869/000119312517065632/ · unverified - EPS diluted FY2015: 0.77 · 2015-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1136869/000156459018003549/ · unverified - EPS diluted FY2016: 1.51 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1136869/000156459019004283/ · unverified - EPS diluted FY2023: 4.88 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - EPS diluted FY2024: 4.43 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - EPS diluted FY2025: 3.55 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Shares outstanding: 190737689.0 · 2026-07-30 · SEC cover page 10-Q 0001193125-26-335044 (190,737,689 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/zbh-20260630.htm · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/R1.htm ### Magic Formula: 34.2 (ok) · complete: True · missing tests: none · current inputs as of 2026-03-31 · stale inputs: operating_income_q · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula - Earnings yield (EBIT/EV): 4.66 % · threshold · points / - Return on capital (EBIT/(NWC+PPE)): 27.9 % · threshold · points / - Combined rank: 229 · threshold · points / Inputs: - operating_income: 1098100000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ - operating_income_q: 373200000.0 · 2026-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) · https://www.sec.gov/Archives/edgar/data/1136869/000119312526201710/ - operating_income_q: 292300000.0 · 2025-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) · https://www.sec.gov/Archives/edgar/data/1136869/000119312526201710/ - operating_income_q: 326100000.0 · 2026-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ - operating_income_q: 300000000.0 · 2025-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ - current_assets: 5096700000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ - current_liabilities: 3013500000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ - cash: 410000000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ - ppe_net: 2236800000.0 · 2026-06-30 · SEC XBRL PropertyPlantAndEquipmentNet · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ - lt_debt: 6277500000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ - debt_lt_current: 1201500000.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ - shares_out: 190737689.0 · 2026-07-30 · SEC cover page 10-Q 0001193125-26-335044 (190,737,689 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/zbh-20260630.htm · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/R1.htm - Price (close): 98.56 · 2026-10-23 · Yahoo Finance / Alpaca Market Data · - note: debt = LongTermDebtNoncurrent + LongTermDebtCurrent · · · ### Momentum: 45.3 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum - 12-1 month return: -11.2 % · threshold · points 11.8/50 - 6 month return: 7.2 % · threshold · points 11.5/20 - Price / 52-week high: 0.965 · threshold · points 14.5/15 - Volatility penalty (60d annualised): 28.0 % · threshold · points 7.5/15 Inputs: - Adjusted close series (14 months): 98.56 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · ### Insider: 0.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider - Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold · points 0.0/35 - Distinct buyers: 0 · threshold · points 0.0/25 - Buyer seniority: 0.0 · threshold · points 0.0/20 - Recency (half-life 30d): 0.0 · threshold · points 0.0/10 - Sales penalty (excludes 10b5-1 plan sales): 0.44 bp · threshold · points -5.5/0 Inputs: - Form 4 S Thornal Kevin R 2026-09-11: 528978.4500000001 · 2026-09-11 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1136869/000178399226000006/ - Form 4 S Phipps Chad F 2026-09-04: 295050.0 · 2026-09-04 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1136869/000134667226000010/ ### Buffett Quality: 48.1 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 46, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett - 1 Average return on equity (net income / year-end equity): 3.8% over 8 yrs · threshold >= 15% · points 0.0/25 - 2 Profitable every year: 8 of 10 · threshold all years · points 12.0/15 - 3 Net income growth, 3-yr average now vs start of window: +6.1% a year · threshold >= +10% · points 6.1/10 - 4 Borrowings / 3-yr average earnings (years to repay): 8.5 years · threshold <= 4 · points 0.0/15 - 5 Operating margin, 5-yr average: 14.0% · threshold >= 20% · points 5.0/10 - 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 1.78 · threshold >= 1.0 · points 10.0/10 - 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 7.2% · threshold >= 7% · points 15.0/15 Inputs: - Price (close, per traded unit): 98.56 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Net income FY2018: -379200000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000156459021007163/ · unverified - Equity at FY2018 end: 11271300000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1136869/000156459020005657/ · unverified - Net income FY2019: 1131600000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312522178777/ · unverified - Equity at FY2019 end: 12388100000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1136869/000156459021007163/ · unverified - Net income FY2020: -138900000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000095017023004264/ · unverified - Equity at FY2020 end: 12194200000.0 · 2020-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1136869/000119312522178777/ · unverified - Net income FY2021: 401600000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000095017024092996/ · unverified - Equity at FY2021 end: 12660700000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1136869/000095017023004264/ · unverified - Net income FY2022: 231400000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000095017025026604/ · unverified - Equity at FY2022 end: 12020300000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1136869/000095017024092996/ · unverified - Net income FY2023: 1024000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Equity at FY2023 end: 12480500000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1136869/000095017025026604/ · unverified - Net income FY2024: 903800000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Equity at FY2024 end: 12468100000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Net income FY2025: 705100000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Equity at FY2025 end: 12697700000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - Net income FY2016: 305900000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000156459019004283/ · unverified - Net income FY2017: 1813800000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000156459020005657/ · unverified - Net income FY2018: -379200000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000156459021007163/ · unverified - Net income FY2019: 1131600000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312522178777/ · unverified - Net income FY2020: -138900000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000095017023004264/ · unverified - Net income FY2021: 401600000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000095017024092996/ · unverified - Net income FY2022: 231400000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000095017025026604/ · unverified - Net income FY2023: 1024000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Net income FY2024: 903800000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Net income FY2025: 705100000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - lt_debt: 6277500000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - debt_lt_current: 1201500000.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - Operating income FY2021: 860300000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000095017024092996/ · unverified - Revenue FY2021: 6827300000.0 · 2021-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1136869/000095017024092996/ · unverified - Operating income FY2022: 696300000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000095017025026604/ · unverified - Revenue FY2022: 6939900000.0 · 2022-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1136869/000095017025026604/ · unverified - Operating income FY2023: 1277700000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Revenue FY2023: 7394200000.0 · 2023-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Operating income FY2024: 1285700000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Revenue FY2024: 7678600000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Operating income FY2025: 1098100000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Revenue FY2025: 8231500000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Operating cash flow FY2021: 1499200000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1136869/000156459022007160/ · unverified ### Lynch GARP: 27.8 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 6, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch - 1 PEG: P/E divided by 5-yr EPS growth (in % points): None · threshold <= 1.0 · points 0.0/30 - 2 EPS growth, 5-yr compound rate: None · threshold 12% to 35% a year · points 0.0/20 - 3 P/E on latest annual EPS: 27.8 · threshold <= 25 · points 8.2/10 - 4 Borrowings / equity: 0.59 · threshold <= 0.5 · points 13.6/15 - 5 Years of the last 5 in which EPS rose: 2 of 5 · threshold 5 of 5 · points 6.0/15 - 6 Net cash (cash minus borrowings) / market cap: -37.6% · threshold >= +10% · points 0.0/10 Inputs: - Price (close, per traded unit): 98.56 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - EPS diluted FY2025: 3.55 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - EPS diluted FY2020: -0.67 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1136869/000095017023004264/ · unverified - lt_debt: 6277500000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - debt_lt_current: 1201500000.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - equity: 12623900000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - cash: 410000000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified ### Graham Enterprising: 65.2 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 12, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising - 1 Current ratio: 1.69 · threshold >= 1.5 · points 15.0/15 - 2 Borrowings vs working capital: 3.59 x · threshold <= 1.1x · points 0.0/15 - 3 No earnings deficit in the last 5 years: 5 of 5 profitable · threshold 5 of 5 · points 15.0/15 - 4 Pays a current dividend: yes · threshold yes · points 10.0/10 - 5 EPS higher than five years earlier: -0.67 -> 3.55 · threshold higher · points 10.0/10 - 6 Price / book value per share: 1.49 · threshold <= 1.2 · points 15.2/20 - 7 Price / net current asset value per share (current assets minus all liabilities): None · threshold <= 0.67 · points 0.0/15 Inputs: - Price (close, per traded unit): 98.56 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - current_assets: 5096700000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - current_liabilities: 3013500000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - lt_debt: 6277500000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - debt_lt_current: 1201500000.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - Net income FY2021: 401600000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000095017024092996/ · unverified - Net income FY2022: 231400000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000095017025026604/ · unverified - Net income FY2023: 1024000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Net income FY2024: 903800000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Net income FY2025: 705100000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - Dividend years (Yahoo): [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/ZBH/history?filter=div - EPS diluted FY2025: 3.55 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - EPS diluted FY2020: -0.67 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1136869/000095017023004264/ · unverified - equity: 12623900000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - Shares outstanding: 190737689.0 · 2026-07-30 · SEC cover page 10-Q 0001193125-26-335044 (190,737,689 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/zbh-20260630.htm · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/R1.htm ### Piotroski F-Score: 55.6 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski - 1 Return on assets is positive: 3.1% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 2 Operating cash flow is positive: 1,697M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 3 Return on assets improved on the prior year: 4.2% -> 3.1% · threshold pass = 1 · points 0.0/11.11111111111111 - 4 Operating cash flow exceeds net income (accruals): 1,697M vs 705M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 5 Long-term debt / assets fell: 25.0% -> 30.0% · threshold pass = 1 · points 0.0/11.11111111111111 - 6 Current ratio improved: 1.91 -> 1.98 · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 7 No new shares issued (share count did not rise): 198M -> 191M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 16.7% -> 13.3% · threshold pass = 1 · points 0.0/11.11111111111111 - 9 Asset turnover (revenue / assets) improved: 0.36 -> 0.36 · threshold pass = 1 · points 0.0/11.11111111111111 Inputs: - net_income 2025-12-31: 705100000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - total_assets 2025-12-31: 23091700000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - cfo 2025-12-31: 1697100000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - net_income 2025-12-31: 705100000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - net_income 2024-12-31: 903800000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - total_assets 2025-12-31: 23091700000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - total_assets 2024-12-31: 21365300000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - cfo 2025-12-31: 1697100000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - net_income 2025-12-31: 705100000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - lt_debt 2025-12-31: 6932000000.0 · 2025-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - lt_debt 2024-12-31: 5341600000.0 · 2024-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - total_assets 2025-12-31: 23091700000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - total_assets 2024-12-31: 21365300000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - current_assets 2025-12-31: 5119900000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - current_assets 2024-12-31: 4671500000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - current_liabilities 2025-12-31: 2583700000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - current_liabilities 2024-12-31: 2450900000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - shares_out 2026-07-30: 190737689.0 · 2026-07-30 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - shares_out 2025-07-31: 198095984.0 · 2025-07-31 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1136869/000095017025104989/ · unverified - operating_income 2025-12-31: 1098100000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - operating_income 2024-12-31: 1285700000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - revenue 2025-12-31: 8231500000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - revenue 2024-12-31: 7678600000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - revenue 2025-12-31: 8231500000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - revenue 2024-12-31: 7678600000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified - total_assets 2025-12-31: 23091700000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/ · unverified - total_assets 2024-12-31: 21365300000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ · unverified ## Market value, source trail - Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used - Traded price: 98.56 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1 - SEC shares outstanding: 190,737,689 underlying shares, period 2026-07-30, SEC cover page 10-Q 0001193125-26-335044 (190,737,689 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/zbh-20260630.htm, accession 0001193125-26-335044 · https://www.sec.gov/Archives/edgar/data/1136869/000119312526335044/R1.htm - Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None - Market value (price date x latest reported shares): 18,799,106,628 USD; 98.56 (price 2026-10-23) / 1 x 190,737,689 (shares at 2026-07-30) = 18,799,106,628 ## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends) - FY2016 (ended 2016-12-31): 7668400000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000156459019004283/ - FY2017 (ended 2017-12-31): 7803300000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000156459020005657/ - FY2018 (ended 2018-12-31): 7932900000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000156459021007163/ - FY2019 (ended 2019-12-31): 6960600000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000119312522178777/ - FY2020 (ended 2020-12-31): 6127500000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000095017023004264/ - FY2021 (ended 2021-12-31): 6827300000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000095017024092996/ - FY2022 (ended 2022-12-31): 6939900000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000095017025026604/ - FY2023 (ended 2023-12-31): 7394200000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ - FY2024 (ended 2024-12-31): 7678600000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ - FY2025 (ended 2025-12-31): 8231500000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ ## Net income by fiscal year (SEC XBRL) - FY2013 (ended 2013-12-31): 780400000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000119312516485039/ - FY2014 (ended 2014-12-31): 720300000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000119312517065632/ - FY2015 (ended 2015-12-31): 147000000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000156459018003549/ - FY2016 (ended 2016-12-31): 305900000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000156459019004283/ - FY2017 (ended 2017-12-31): 1813800000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000156459020005657/ - FY2018 (ended 2018-12-31): -379200000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000156459021007163/ - FY2019 (ended 2019-12-31): 1131600000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000119312522178777/ - FY2020 (ended 2020-12-31): -138900000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000095017023004264/ - FY2021 (ended 2021-12-31): 401600000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000095017024092996/ - FY2022 (ended 2022-12-31): 231400000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000095017025026604/ - FY2023 (ended 2023-12-31): 1024000000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ - FY2024 (ended 2024-12-31): 903800000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ - FY2025 (ended 2025-12-31): 705100000.0 · https://www.sec.gov/Archives/edgar/data/1136869/000119312526059853/ ## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets) - FY2013 (ended 2013-12-31): 4.54 [filed 4.54, split factor 1.0] - FY2014 (ended 2014-12-31): 4.2 [filed 4.2, split factor 1.0] - FY2015 (ended 2015-12-31): 0.77 [filed 0.77, split factor 1.0] - FY2016 (ended 2016-12-31): 1.51 [filed 1.51, split factor 1.0] - FY2017 (ended 2017-12-31): 8.9 [filed 8.9, split factor 1.0] - FY2018 (ended 2018-12-31): -1.86 [filed -1.86, split factor 1.0] - FY2019 (ended 2019-12-31): 5.47 [filed 5.47, split factor 1.0] - FY2020 (ended 2020-12-31): -0.67 [filed -0.67, split factor 1.0] - FY2021 (ended 2021-12-31): 1.91 [filed 1.91, split factor 1.0] - FY2022 (ended 2022-12-31): 1.1 [filed 1.1, split factor 1.0] - FY2023 (ended 2023-12-31): 4.88 [filed 4.88, split factor 1.0] - FY2024 (ended 2024-12-31): 4.43 [filed 4.43, split factor 1.0] - FY2025 (ended 2025-12-31): 3.55 [filed 3.55, split factor 1.0] ## Dividend years (Yahoo history) 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026 ## Insider transactions (SEC Form 4 data set, latest 40) - 2026-09-11 S Thornal Kevin R (officer) 5691 @ 92.95 = 528978 · https://www.sec.gov/Archives/edgar/data/1136869/000178399226000006/ - 2026-09-04 S Phipps Chad F (officer) 3000 @ 98.35 = 295050 · https://www.sec.gov/Archives/edgar/data/1136869/000134667226000010/ - 2026-05-29 S Yi Sang (Pres) 800 @ 82.66 = 66128 · https://www.sec.gov/Archives/edgar/data/1136869/000163594326000013/ - 2026-05-29 S Yi Sang (Pres) 4200 @ 82.64 = 347088 · https://www.sec.gov/Archives/edgar/data/1136869/000163594326000013/ ## Links - sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001136869 - sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001136869.json - sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001136869&type=4 - sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001136869&type=8-K - yahoo: https://finance.yahoo.com/quote/ZBH - stooq: https://stooq.com/q/d/?s=zbh.us - morningstar (link only, nothing stored): https://www.morningstar.com/search?query=ZBH - finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=ZBH - stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/zbh/ - seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/ZBH - openinsider (link only, nothing stored): http://openinsider.com/search?q=ZBH - google_news (link only, nothing stored): https://news.google.com/rss/search?q=ZBH+stock Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/ZBH; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.