Zimmer Biomet Holdings Inc (ZBH) — Cash Flow Reinvestment Rate

Latest as of September 2025: 0.69x

Zimmer Biomet Holdings Inc (ZBH) has a Cash Flow Reinvestment Rate of 0.69x as of September 2025, reinvesting $290.40 Million (capex $127.10 Million plus investments $-163.30 Million) from operating cash flow of $418.70 Million. See ZBH cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

0.69x
(Capex + Investments) / Operating CF

Total Reinvested

$290.40 Million
Capex + Investments

Operating Cash Flow

$418.70 Million
USD

Capital Expenditures

$127.10 Million
USD

Zimmer Biomet Holdings Inc Cash Flow Reinvestment Rate (1998–2024)

Historical reinvestment intensity for Zimmer Biomet Holdings Inc across 27 annual periods. For the full cash flow conversion analysis, see Zimmer Biomet Holdings Inc (ZBH) cash flow conversion.

Annual Cash Flow Reinvestment Rate for Zimmer Biomet Holdings Inc (1998–2024)

Year-by-year capital reinvestment analysis for Zimmer Biomet Holdings Inc. See Zimmer Biomet Holdings Inc financial flexibility index to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2024 0.83x $1.24 Billion $1.50 Billion $356.80 Million ▲ +23.3%
2023 0.67x $1.07 Billion $1.58 Billion $394.50 Million ▲ +20.6%
2022 0.56x $717.10 Million $1.28 Billion $187.90 Million ▲ +27.6%
2021 0.44x $655.60 Million $1.50 Billion $152.00 Million ▲ +207.3%
2020 0.14x $171.40 Million $1.20 Billion $117.90 Million ▼ -50.2%
2019 0.29x $452.80 Million $1.59 Billion $404.70 Million ▲ +115.2%
2018 0.13x $231.90 Million $1.75 Billion $162.70 Million ▼ -68.5%
2017 0.42x $666.80 Million $1.58 Billion $156.00 Million ▲ +46.5%
2016 0.29x $469.40 Million $1.63 Billion $184.70 Million ▼ -67.7%
2015 0.89x $755.80 Million $849.80 Million $167.70 Million ▲ +341.6%
2014 0.20x $213.60 Million $1.06 Billion $144.90 Million ▼ -2.1%
2013 0.21x $198.10 Million $963.10 Million $100.00 Million ▼ -35.3%
2012 0.32x $366.30 Million $1.15 Billion $114.70 Million ▼ -1.8%
2011 0.32x $381.10 Million $1.18 Billion $113.80 Million ▼ -10.8%
2010 0.36x $433.50 Million $1.19 Billion $87.70 Million ▲ +22.6%
2009 0.30x $331.00 Million $1.12 Billion $264.60 Million ▼ -48.5%
2008 0.58x $597.30 Million $1.04 Billion $597.30 Million ▲ +88.4%
2007 0.31x $331.20 Million $1.08 Billion $331.20 Million ▲ +18.5%
2006 0.26x $268.30 Million $1.04 Billion $268.30 Million ▲ +115.0%
2005 0.12x $105.30 Million $878.20 Million $105.30 Million ▲ +2.6%
2004 0.12x $100.80 Million $862.20 Million $100.80 Million ▼ -63.5%
2003 0.32x $158.50 Million $494.80 Million $158.50 Million ▲ +109.3%
2002 0.15x $33.70 Million $220.20 Million $33.70 Million ▼ -51.9%
2001 0.32x $54.70 Million $171.80 Million $54.70 Million ▲ +155.2%
2000 0.12x $29.00 Million $232.40 Million $29.00 Million ▼ -31.9%
1999 0.18x $33.00 Million $180.00 Million $33.00 Million ▲ +82.4%
1998 0.10x $20.00 Million $199.00 Million $20.00 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow