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MCK vs. ZBH: McKesson vs. Zimmer Biomet Stock Comparison

How do McKesson (MCK) 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

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

Company profile comparison for McKesson (MCK) and Zimmer Biomet (ZBH)
Profile ItemMCKZBH
NameMcKesson CorporationZimmer 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 DistributorsHealth Care Equipment
Market Capitalization122.48 billion USD19.98 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateNovember 10, 1994July 25, 2001
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

MCK
ZBH
GSPC
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McKesson (MCK) 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 McKesson (MCK) and Zimmer Biomet (ZBH). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for McKesson (MCK) and Zimmer Biomet (ZBH)
MetricMCKZBH
Total Return (1Y)25.40%24.04%
Total Return (3Y, Annualized)32.67%2.38%
Total Return (5Y, Annualized)37.84%-2.74%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for McKesson (MCK) and Zimmer Biomet (ZBH)
MetricMCKZBH
Volatility (1Y, Annualized)31.71%32.39%
Beta (5Y)0.260.42
Max Drawdown (5Y)-27.17%-43.94%
Avg. Volume (3M)822.69K2.09M

Risk-Adjusted Performance

Risk-Return Positioning

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MCK 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 McKesson (MCK) and Zimmer Biomet (ZBH)
MetricMCKZBH
Sharpe Ratio (1Y)0.670.61
Sortino Ratio (1Y)1.150.93

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Zimmer Biomet (ZBH) earns 6.03% on shareholders’ equity, ranked against its industry; McKesson (MCK) has no ROE this period.

MCK

Health Care Equipment & Services industry group

--

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

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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McKesson (MCK) vs. Zimmer Biomet (ZBH): MCK does not report ROE, so it has no value marker; ZBH is benchmarked against the Health Care Equipment & Services industry group.

Net Margin (TTM)

Both McKesson (MCK) at 1.12% 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.

MCK

Health Care Equipment & Services industry group

1.12%

Max
29.35%
Q3
9.33%
Median
2.18%
MCK
1.12%
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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McKesson (MCK) 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 McKesson (MCK) at 1.48%, which runs around its industry’s norm.

MCK

Health Care Equipment & Services industry group

1.48%

Max
35.43%
Q3
14.14%
Median
6.81%
MCK
1.48%
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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McKesson (MCK) vs. Zimmer Biomet (ZBH): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for McKesson (MCK) and Zimmer Biomet (ZBH)
MetricMCKZBH
ROE (TTM)--6.03%
ROA (TTM)4.72%3.81%
Net Margin (TTM)1.12%8.95%
Operating Margin (TTM)1.48%17.35%
Gross Margin (TTM)3.65%69.33%

Growth

Revenue Growth

Both McKesson (MCK) at 12.36% 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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McKesson (MCK) vs. Zimmer Biomet (ZBH): A comparison of their Revenue Growth across different time periods.

EPS Growth

McKesson (MCK) at 49.22% sits in the top EPS growth quartile, while Zimmer Biomet (ZBH) at -19.86% is closer to the peer norm — faster per-share earnings growth for MCK.

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

Growth Metrics

Growth metrics for McKesson (MCK) and Zimmer Biomet (ZBH)
MetricMCKZBH
Revenue Growth (YoY)12.36%7.20%
Revenue Growth (3Y CAGR)13.39%5.85%
EPS Growth (YoY)49.22%-19.86%
EPS Growth (3Y CAGR)15.31%47.78%

Financial Strength

Current Ratio (MRQ)

Zimmer Biomet (ZBH) at 1.46 keeps current ratio within its industry’s typical mid-range, while McKesson (MCK) at 0.90 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MCK.

MCK

Health Care Equipment & Services industry group

0.90

Max
7.59
Q3
4.00
Median
1.98
Q1
1.37
MCK
0.90
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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McKesson (MCK) vs. Zimmer Biomet (ZBH): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Zimmer Biomet (ZBH) carries debt-to-equity ratio of 0.60 against its industry range, while McKesson (MCK) reports no figure this period.

MCK

Health Care Equipment & Services industry group

--

Max
1.88
Q3
0.91
Median
0.58
Q1
0.16
Min
0.00
MCK
--

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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McKesson (MCK) vs. Zimmer Biomet (ZBH): MCK does not report debt-to-equity ratio, so it has no value marker; ZBH is benchmarked against the Health Care Equipment & Services industry group.

Financial Strength Metrics

Financial strength metrics for McKesson (MCK) and Zimmer Biomet (ZBH)
MetricMCKZBH
Current Ratio (MRQ)0.901.46
Debt / Equity (MRQ)--0.60
Net Debt / EBITDA0.642.85

Dividends

Dividend Yield (TTM)

Both McKesson (MCK) at 0.32% 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.

MCK

Health Care Equipment & Services industry group

0.32%

MCK
0.32%
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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McKesson (MCK) vs. Zimmer Biomet (ZBH): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both McKesson (MCK) at 8.77% 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.

MCK

Health Care Equipment & Services industry group

8.77%

MCK
8.77%
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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McKesson (MCK) vs. Zimmer Biomet (ZBH): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for McKesson (MCK) and Zimmer Biomet (ZBH)
MetricMCKZBH
Dividend Yield (TTM)0.32%0.90%
Dividend Payout Ratio (TTM)8.77%24.24%

Valuation

P/E Ratio (TTM)

Both McKesson (MCK) at 27.36 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.

MCK

Health Care Equipment & Services industry group

27.36

Max
80.41
Q3
47.62
Median
29.93
MCK
27.36
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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McKesson (MCK) vs. Zimmer Biomet (ZBH): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

McKesson (MCK) at 0.29 sits in the cheaper P/S ratio quartile while Zimmer Biomet (ZBH) at 2.33 prices around its industry’s middle — MCK costs less per dollar of sales, though read it alongside growth and margins.

MCK

Health Care Equipment & Services industry group

0.29

Max
8.80
Q3
4.32
Median
2.13
Q1
1.10
MCK
0.29
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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McKesson (MCK) vs. Zimmer Biomet (ZBH): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

McKesson (MCK) reports a negative P/B ratio of -30.85, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Zimmer Biomet (ZBH) reports 1.58, ranking against industry peers normally.

MCK

Health Care Equipment & Services industry group

-30.85

Max
11.68
Q3
6.12
Median
3.00
Q1
1.73
Min
-1.31
MCK
-30.85

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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McKesson (MCK) 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 McKesson (MCK) and Zimmer Biomet (ZBH)
MetricMCKZBH
P/E Ratio (TTM)27.3626.66
P/S Ratio (TTM)0.292.33
P/B Ratio (MRQ)-30.851.58
Free Cash Flow Yield (TTM)6.04%7.22%