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LH vs. ZBH: Labcorp vs. Zimmer Biomet Stock Comparison

How do Labcorp (LH) 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

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

Company profile comparison for Labcorp (LH) and Zimmer Biomet (ZBH)
Profile ItemLHZBH
NameLabcorp Holdings 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-IndustryHealth Care ServicesHealth Care Equipment
Market Capitalization29.77 billion USD19.98 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 29, 1990July 25, 2001
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

LH
ZBH
GSPC
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Labcorp (LH) 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 Labcorp (LH) and Zimmer Biomet (ZBH). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Labcorp (LH) and Zimmer Biomet (ZBH)
MetricLHZBH
Total Return (1Y)48.62%24.04%
Total Return (3Y, Annualized)23.39%2.38%
Total Return (5Y, Annualized)10.54%-2.74%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Labcorp (LH) and Zimmer Biomet (ZBH)
MetricLHZBH
Volatility (1Y, Annualized)24.36%32.39%
Beta (5Y)0.850.42
Max Drawdown (5Y)-34.61%-43.94%
Avg. Volume (3M)721.05K2.09M

Risk-Adjusted Performance

Risk-Return Positioning

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LH 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 Labcorp (LH) and Zimmer Biomet (ZBH)
MetricLHZBH
Sharpe Ratio (1Y)1.820.61
Sortino Ratio (1Y)2.990.93

Profitability

ROE (TTM)

Both Labcorp (LH) at 11.44% 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.

LH

Health Care Equipment & Services industry group

11.44%

Max
47.61%
Q3
14.36%
LH
11.44%
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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Labcorp (LH) vs. Zimmer Biomet (ZBH): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Both Labcorp (LH) at 6.88% 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.

LH

Health Care Equipment & Services industry group

6.88%

Max
29.35%
Q3
9.33%
LH
6.88%
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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Labcorp (LH) 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 Labcorp (LH) at 10.91%, which runs around its industry’s norm.

LH

Health Care Equipment & Services industry group

10.91%

Max
35.43%
Q3
14.14%
LH
10.91%
Median
6.81%
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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Labcorp (LH) vs. Zimmer Biomet (ZBH): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Labcorp (LH) and Zimmer Biomet (ZBH)
MetricLHZBH
ROE (TTM)11.44%6.03%
ROA (TTM)5.48%3.81%
Net Margin (TTM)6.88%8.95%
Operating Margin (TTM)10.91%17.35%
Gross Margin (TTM)28.96%69.33%

Growth

Revenue Growth

Both Labcorp (LH) at 7.25% 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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Labcorp (LH) vs. Zimmer Biomet (ZBH): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Labcorp (LH) at 18.33% 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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Labcorp (LH) vs. Zimmer Biomet (ZBH): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Labcorp (LH) and Zimmer Biomet (ZBH)
MetricLHZBH
Revenue Growth (YoY)7.25%7.20%
Revenue Growth (3Y CAGR)5.55%5.85%
EPS Growth (YoY)18.33%-19.86%
EPS Growth (3Y CAGR)-9.19%47.78%

Financial Strength

Current Ratio (MRQ)

Both Labcorp (LH) at 1.41 and Zimmer Biomet (ZBH) at 1.46 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

LH

Health Care Equipment & Services industry group

1.41

Max
7.59
Q3
4.00
Median
1.98
LH
1.41
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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Labcorp (LH) vs. Zimmer Biomet (ZBH): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both Labcorp (LH) at 0.77 and Zimmer Biomet (ZBH) at 0.60 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

LH

Health Care Equipment & Services industry group

0.77

Max
1.88
Q3
0.91
LH
0.77
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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Labcorp (LH) 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 Labcorp (LH) and Zimmer Biomet (ZBH)
MetricLHZBH
Current Ratio (MRQ)1.411.46
Debt / Equity (MRQ)0.770.60
Net Debt / EBITDA2.812.85

Dividends

Dividend Yield (TTM)

Both Labcorp (LH) at 0.79% 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.

LH

Health Care Equipment & Services industry group

0.79%

LH
0.79%
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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Labcorp (LH) vs. Zimmer Biomet (ZBH): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Labcorp (LH) at 23.61% 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.

LH

Health Care Equipment & Services industry group

23.61%

LH
23.61%
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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Labcorp (LH) vs. Zimmer Biomet (ZBH): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Labcorp (LH) and Zimmer Biomet (ZBH)
MetricLHZBH
Dividend Yield (TTM)0.79%0.90%
Dividend Payout Ratio (TTM)23.61%24.24%

Valuation

P/E Ratio (TTM)

Both Labcorp (LH) at 30.05 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.

LH

Health Care Equipment & Services industry group

30.05

Max
80.41
Q3
47.62
LH
30.05
Median
29.93
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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Labcorp (LH) vs. Zimmer Biomet (ZBH): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Labcorp (LH) at 2.04 and Zimmer Biomet (ZBH) at 2.33 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

LH

Health Care Equipment & Services industry group

2.04

Max
8.80
Q3
4.32
Median
2.13
LH
2.04
Q1
1.10
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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Labcorp (LH) 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 Labcorp (LH) at 3.36 is valued near its industry’s middle — ZBH is cheaper on assets, though weigh it against ROE and asset quality.

LH

Health Care Equipment & Services industry group

3.36

Max
11.68
Q3
6.12
LH
3.36
Median
3.00
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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Labcorp (LH) 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 Labcorp (LH) and Zimmer Biomet (ZBH)
MetricLHZBH
P/E Ratio (TTM)30.0526.66
P/S Ratio (TTM)2.042.33
P/B Ratio (MRQ)3.361.58
Free Cash Flow Yield (TTM)3.55%7.22%