MDT vs ZBH
Medtronic (MDT) and Zimmer Biomet (ZBH) compared side by side. Medtronic (MDT) is larger, with a market cap of $122.0B versus $18.8B for Zimmer Biomet, about 6.5 times the size. On trailing earnings, ZBH is cheaper at 23.0x versus 23.4x for MDT.
Head to head
| Metric | MDT | ZBH |
|---|---|---|
| Market cap | $122.0B | $18.8B |
| P/E (TTM) | 23.4x | 23.0x |
| Forward P/E | 14.9x | 10.9x |
| Revenue (TTM) | $37.5B | $8.5B |
| Revenue growth | 13.7% | 4.8% |
| Gross margin | 65.3% | 69.5% |
| Operating margin | 19.3% | 18.0% |
| Free cash flow | $6.1B | $1.4B |
| Dividend yield | 3.02% | 0.97% |
| 1-year return | +4.6% | -3.4% |
| 5-year return (annual) | -1.9% | -6.7% |
| Max drawdown | -73% | -65% |
| FI Handbook grade | B- | B- |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
MDT vs ZBH FAQ
Which is bigger, MDT or ZBH?
Medtronic (MDT) is larger, with a market cap of $122.0B versus $18.8B for Zimmer Biomet, about 6.5 times the size.
Is MDT or ZBH cheaper?
On trailing earnings, ZBH is cheaper at 23.0x versus 23.4x for MDT. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, MDT or ZBH?
MDT returned +4.6% over the past year including dividends, versus -3.4% for ZBH, through October 23, 2026.
Which pays a higher dividend, MDT or ZBH?
MDT yields 3.02% versus 0.97% for ZBH.
Full pages: Medtronic · Zimmer Biomet