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CNC vs. ZBH: Centene vs. Zimmer Biomet Stock Comparison

How do Centene (CNC) and Zimmer Biomet (ZBH) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Centene (CNC) and Zimmer Biomet (ZBH) both fall under the Health Care Equipment & Services industry group, but CNC is classified in Health Care Providers & Services while ZBH is classified in Health Care Equipment & Supplies.

Company profile comparison for Centene (CNC) and Zimmer Biomet (ZBH)
Profile ItemCNCZBH
NameCentene Corp.Zimmer Biomet Holdings Inc.
Country/RegionUnited StatesUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Providers & ServicesHealth Care Equipment & Supplies
GICS Sub-IndustryManaged Health CareHealth Care Equipment
Market Capitalization34.53 billion USD19.98 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateDecember 13, 2001July 25, 2001
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CNC
ZBH
GSPC
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Centene (CNC) vs. Zimmer Biomet (ZBH), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Centene (CNC) and Zimmer Biomet (ZBH). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Centene (CNC) and Zimmer Biomet (ZBH). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Centene (CNC) and Zimmer Biomet (ZBH)
MetricCNCZBH
Total Return (1Y)84.77%24.04%
Total Return (3Y, Annualized)-0.97%2.38%
Total Return (5Y, Annualized)-1.48%-2.74%

Risk Profile

Drawdown History

CNC
ZBH
GSPC
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Centene (CNC) vs. Zimmer Biomet (ZBH), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Centene (CNC) and Zimmer Biomet (ZBH). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Centene (CNC) and Zimmer Biomet (ZBH)
MetricCNCZBH
Volatility (1Y, Annualized)46.34%32.39%
Beta (5Y)1.070.42
Max Drawdown (5Y)-74.07%-43.94%
Avg. Volume (3M)4.63M2.09M

Risk-Adjusted Performance

Risk-Return Positioning

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CNC and ZBH are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Centene (CNC) and Zimmer Biomet (ZBH)
MetricCNCZBH
Sharpe Ratio (1Y)1.740.61
Sortino Ratio (1Y)2.710.93

Profitability

ROE (TTM)

Both Centene (CNC) at 6.74% and Zimmer Biomet (ZBH) at 6.03% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

CNC

Health Care Equipment & Services industry group

6.74%

Max
47.61%
Q3
14.36%
CNC
6.74%
Median
5.45%
Q1
-10.67%
Min
-47.01%

ZBH

Health Care Equipment & Services industry group

6.03%

Max
47.61%
Q3
14.36%
ZBH
6.03%
Median
5.45%
Q1
-10.67%
Min
-47.01%
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Centene (CNC) vs. Zimmer Biomet (ZBH): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Both Centene (CNC) at 0.81% and Zimmer Biomet (ZBH) at 8.95% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CNC

Health Care Equipment & Services industry group

0.81%

Max
29.35%
Q3
9.33%
Median
2.18%
CNC
0.81%
Q1
-6.29%
Min
-28.46%

ZBH

Health Care Equipment & Services industry group

8.95%

Max
29.35%
Q3
9.33%
ZBH
8.95%
Median
2.18%
Q1
-6.29%
Min
-28.46%
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Centene (CNC) vs. Zimmer Biomet (ZBH): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Zimmer Biomet (ZBH) at 17.35% operates in the top operating margin quartile, ahead of Centene (CNC) at 0.74%, which runs around its industry’s norm.

CNC

Health Care Equipment & Services industry group

0.74%

Max
35.43%
Q3
14.14%
Median
6.81%
CNC
0.74%
Q1
-0.28%
Min
-16.29%

ZBH

Health Care Equipment & Services industry group

17.35%

Max
35.43%
ZBH
17.35%
Q3
14.14%
Median
6.81%
Q1
-0.28%
Min
-16.29%
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Centene (CNC) vs. Zimmer Biomet (ZBH): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Centene (CNC) and Zimmer Biomet (ZBH)
MetricCNCZBH
ROE (TTM)6.74%6.03%
ROA (TTM)2.68%3.81%
Net Margin (TTM)0.81%8.95%
Operating Margin (TTM)0.74%17.35%
Gross Margin (TTM)11.34%69.33%

Growth

Revenue Growth

Both Centene (CNC) at 19.44% and Zimmer Biomet (ZBH) at 7.20% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Centene (CNC) vs. Zimmer Biomet (ZBH): A comparison of their Revenue Growth across different time periods.

EPS Growth

Zimmer Biomet (ZBH) at -19.86% is around its peer norm for EPS growth, while Centene (CNC) at -314.42% falls below its industry range, a notably weak earnings reading.

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Centene (CNC) vs. Zimmer Biomet (ZBH): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Centene (CNC) and Zimmer Biomet (ZBH)
MetricCNCZBH
Revenue Growth (YoY)19.44%7.20%
Revenue Growth (3Y CAGR)10.45%5.85%
EPS Growth (YoY)-314.42%-19.86%
EPS Growth (3Y CAGR)--47.78%

Financial Strength

Current Ratio (MRQ)

Zimmer Biomet (ZBH) at 1.46 keeps current ratio within its industry’s typical mid-range, while Centene (CNC) at 1.16 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CNC.

CNC

Health Care Equipment & Services industry group

1.16

Max
7.59
Q3
4.00
Median
1.98
Q1
1.37
CNC
1.16
Min
0.30

ZBH

Health Care Equipment & Services industry group

1.46

Max
7.59
Q3
4.00
Median
1.98
ZBH
1.46
Q1
1.37
Min
0.30
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Centene (CNC) vs. Zimmer Biomet (ZBH): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both Centene (CNC) at 0.70 and Zimmer Biomet (ZBH) at 0.60 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

CNC

Health Care Equipment & Services industry group

0.70

Max
1.88
Q3
0.91
CNC
0.70
Median
0.58
Q1
0.16
Min
0.00

ZBH

Health Care Equipment & Services industry group

0.60

Max
1.88
Q3
0.91
ZBH
0.60
Median
0.58
Q1
0.16
Min
0.00
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Centene (CNC) vs. Zimmer Biomet (ZBH): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Centene (CNC) and Zimmer Biomet (ZBH)
MetricCNCZBH
Current Ratio (MRQ)1.161.46
Debt / Equity (MRQ)0.700.60
Net Debt / EBITDA-1.712.85

Dividends

Dividend Yield (TTM)

Centene (CNC) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Zimmer Biomet (ZBH) reports a yield of 0.90%, ranking against industry peers normally.

CNC

Health Care Equipment & Services industry group

0.00%

CNC
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

ZBH

Health Care Equipment & Services industry group

0.90%

ZBH
0.90%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Centene (CNC) vs. Zimmer Biomet (ZBH): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Centene (CNC) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Zimmer Biomet (ZBH) reports a payout of 24.24%, ranking against industry peers normally.

CNC

Health Care Equipment & Services industry group

0.00%

CNC
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

ZBH

Health Care Equipment & Services industry group

24.24%

ZBH
24.24%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Centene (CNC) vs. Zimmer Biomet (ZBH): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Centene (CNC) and Zimmer Biomet (ZBH)
MetricCNCZBH
Dividend Yield (TTM)0.00%0.90%
Dividend Payout Ratio (TTM)0.00%24.24%

Valuation

P/E Ratio (TTM)

Both Centene (CNC) at 23.97 and Zimmer Biomet (ZBH) at 26.66 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CNC

Health Care Equipment & Services industry group

23.97

Max
80.41
Q3
47.62
Median
29.93
CNC
23.97
Q1
21.19
Min
4.21

ZBH

Health Care Equipment & Services industry group

26.66

Max
80.41
Q3
47.62
Median
29.93
ZBH
26.66
Q1
21.19
Min
4.21
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Centene (CNC) vs. Zimmer Biomet (ZBH): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Centene (CNC) at 0.19 sits in the cheaper P/S ratio quartile while Zimmer Biomet (ZBH) at 2.33 prices around its industry’s middle — CNC costs less per dollar of sales, though read it alongside growth and margins.

CNC

Health Care Equipment & Services industry group

0.19

Max
8.80
Q3
4.32
Median
2.13
Q1
1.10
CNC
0.19
Min
0.03

ZBH

Health Care Equipment & Services industry group

2.33

Max
8.80
Q3
4.32
ZBH
2.33
Median
2.13
Q1
1.10
Min
0.03
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Centene (CNC) vs. Zimmer Biomet (ZBH): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Relative to net asset value, both Centene (CNC) at 1.55 and Zimmer Biomet (ZBH) at 1.58 look inexpensive, sitting in the lower P/B ratio quartile of their industries.

CNC

Health Care Equipment & Services industry group

1.55

Max
11.68
Q3
6.12
Median
3.00
Q1
1.73
CNC
1.55
Min
-1.31

ZBH

Health Care Equipment & Services industry group

1.58

Max
11.68
Q3
6.12
Median
3.00
Q1
1.73
ZBH
1.58
Min
-1.31
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Centene (CNC) vs. Zimmer Biomet (ZBH): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Centene (CNC) and Zimmer Biomet (ZBH)
MetricCNCZBH
P/E Ratio (TTM)23.9726.66
P/S Ratio (TTM)0.192.33
P/B Ratio (MRQ)1.551.58
Free Cash Flow Yield (TTM)8.93%7.22%