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ELV vs. ZBH: Elevance Health vs. Zimmer Biomet Stock Comparison

How do Elevance Health (ELV) 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

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

Company profile comparison for Elevance Health (ELV) and Zimmer Biomet (ZBH)
Profile ItemELVZBH
NameElevance Health, Inc.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 Capitalization91.96 billion USD19.98 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateOctober 30, 2001July 25, 2001
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ELV
ZBH
GSPC
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Elevance Health (ELV) 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 Elevance Health (ELV) and Zimmer Biomet (ZBH). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Elevance Health (ELV) and Zimmer Biomet (ZBH)
MetricELVZBH
Total Return (1Y)35.51%24.04%
Total Return (3Y, Annualized)-0.68%2.38%
Total Return (5Y, Annualized)1.10%-2.74%

Risk Profile

Drawdown History

ELV
ZBH
GSPC
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Elevance Health (ELV) 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 Elevance Health (ELV) and Zimmer Biomet (ZBH). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Elevance Health (ELV) and Zimmer Biomet (ZBH)
MetricELVZBH
Volatility (1Y, Annualized)35.05%32.39%
Beta (5Y)0.610.42
Max Drawdown (5Y)-50.38%-43.94%
Avg. Volume (3M)1.19M2.09M

Risk-Adjusted Performance

Risk-Return Positioning

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ELV 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 Elevance Health (ELV) and Zimmer Biomet (ZBH)
MetricELVZBH
Sharpe Ratio (1Y)0.890.61
Sortino Ratio (1Y)1.250.93

Profitability

ROE (TTM)

Both Elevance Health (ELV) at 11.48% 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.

ELV

Health Care Equipment & Services industry group

11.48%

Max
47.61%
Q3
14.36%
ELV
11.48%
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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Elevance Health (ELV) vs. Zimmer Biomet (ZBH): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Both Elevance Health (ELV) at 2.55% 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.

ELV

Health Care Equipment & Services industry group

2.55%

Max
29.35%
Q3
9.33%
ELV
2.55%
Median
2.18%
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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Elevance Health (ELV) 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 Elevance Health (ELV) at 4.22%, which runs around its industry’s norm.

ELV

Health Care Equipment & Services industry group

4.22%

Max
35.43%
Q3
14.14%
Median
6.81%
ELV
4.22%
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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Elevance Health (ELV) vs. Zimmer Biomet (ZBH): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Elevance Health (ELV) and Zimmer Biomet (ZBH)
MetricELVZBH
ROE (TTM)11.48%6.03%
ROA (TTM)4.01%3.81%
Net Margin (TTM)2.55%8.95%
Operating Margin (TTM)4.22%17.35%
Gross Margin (TTM)26.43%69.33%

Growth

Revenue Growth

Both Elevance Health (ELV) at 12.62% 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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Elevance Health (ELV) vs. Zimmer Biomet (ZBH): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Elevance Health (ELV) at -1.83% and Zimmer Biomet (ZBH) at -19.86% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Elevance Health (ELV) vs. Zimmer Biomet (ZBH): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Elevance Health (ELV) and Zimmer Biomet (ZBH)
MetricELVZBH
Revenue Growth (YoY)12.62%7.20%
Revenue Growth (3Y CAGR)8.34%5.85%
EPS Growth (YoY)-1.83%-19.86%
EPS Growth (3Y CAGR)0.53%47.78%

Financial Strength

Current Ratio (MRQ)

Both Elevance Health (ELV) at 1.47 and Zimmer Biomet (ZBH) at 1.46 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

ELV

Health Care Equipment & Services industry group

1.47

Max
7.59
Q3
4.00
Median
1.98
ELV
1.47
Q1
1.37
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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Elevance Health (ELV) vs. Zimmer Biomet (ZBH): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both Elevance Health (ELV) at 0.69 and Zimmer Biomet (ZBH) at 0.60 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ELV

Health Care Equipment & Services industry group

0.69

Max
1.88
Q3
0.91
ELV
0.69
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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Elevance Health (ELV) 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 Elevance Health (ELV) and Zimmer Biomet (ZBH)
MetricELVZBH
Current Ratio (MRQ)1.471.46
Debt / Equity (MRQ)0.690.60
Net Debt / EBITDA-0.812.85

Dividends

Dividend Yield (TTM)

Both Elevance Health (ELV) at 1.59% and Zimmer Biomet (ZBH) at 0.90% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

ELV

Health Care Equipment & Services industry group

1.59%

ELV
1.59%
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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Elevance Health (ELV) vs. Zimmer Biomet (ZBH): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Elevance Health (ELV) at 29.17% and Zimmer Biomet (ZBH) at 24.24% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

ELV

Health Care Equipment & Services industry group

29.17%

ELV
29.17%
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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Elevance Health (ELV) vs. Zimmer Biomet (ZBH): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Elevance Health (ELV) and Zimmer Biomet (ZBH)
MetricELVZBH
Dividend Yield (TTM)1.59%0.90%
Dividend Payout Ratio (TTM)29.17%24.24%

Valuation

P/E Ratio (TTM)

Elevance Health (ELV) at 18.07 sits in the cheaper P/E ratio quartile, while Zimmer Biomet (ZBH) at 26.66 is closer to its industry’s usual earnings multiple — a discount for ELV, though growth and earnings durability still matter.

ELV

Health Care Equipment & Services industry group

18.07

Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
ELV
18.07
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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Elevance Health (ELV) vs. Zimmer Biomet (ZBH): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Elevance Health (ELV) at 0.46 sits in the cheaper P/S ratio quartile while Zimmer Biomet (ZBH) at 2.33 prices around its industry’s middle — ELV costs less per dollar of sales, though read it alongside growth and margins.

ELV

Health Care Equipment & Services industry group

0.46

Max
8.80
Q3
4.32
Median
2.13
Q1
1.10
ELV
0.46
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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Elevance Health (ELV) vs. Zimmer Biomet (ZBH): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Zimmer Biomet (ZBH) at 1.58 sits in the lower P/B ratio quartile against book while Elevance Health (ELV) at 2.06 is valued near its industry’s middle — ZBH is cheaper on assets, though weigh it against ROE and asset quality.

ELV

Health Care Equipment & Services industry group

2.06

Max
11.68
Q3
6.12
Median
3.00
ELV
2.06
Q1
1.73
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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Elevance Health (ELV) 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 Elevance Health (ELV) and Zimmer Biomet (ZBH)
MetricELVZBH
P/E Ratio (TTM)18.0726.66
P/S Ratio (TTM)0.462.33
P/B Ratio (MRQ)2.061.58
Free Cash Flow Yield (TTM)8.69%7.22%