ZimVie (ZIMV) Financials

$9.39 +0.14 (+1.51%)

Closing price 04:00 PM Eastern

Extended Trading

$9.39 0.00 (0.00%)

As of 04:05 PM Eastern

Annual Income Statements for ZimVie

This table shows ZimVie's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-95	-64	-393	-26
Consolidated Net Income / (Loss)	-95	-64	-393	-26
Net Income / (Loss) Continuing Operations	16	-47	-56	-34
Total Pre-Tax Income	21	-55	-51	-24
Total Operating Income	22	-46	-31	-21
Total Gross Profit	296	294	457	287
Total Revenue	472	463	457	450
Operating Revenue	472	463	457	450
Total Cost of Revenue	176	169	0.00	162
Operating Cost of Revenue	176	169	-	162
Total Operating Expenses	275	340	488	308
Selling, General & Admin Expense	208	253	249	239
Research & Development Expense	27	31	26	27
Amortization Expense	28	27	194	24
Restructuring Charge	11	29	4.49	19
Total Other Income / (Expense), net	-1.24	-8.01	-20	-2.93
Interest Expense	0.41	11	23	19
Interest & Investment Income	-	0.21	2.51	7.05
Other Income / (Expense), net	-0.83	2.86	0.33	8.91
Income Tax Expense	4.19	-7.60	5.20	10
Net Income / (Loss) Discontinued Operations	-112	-17	-337	8.01
Basic Earnings per Share	($3.66)	($2.45)	($14.87)	($0.94)
Weighted Average Basic Shares Outstanding	26.08M	26.24M	27.08M	27.68M
Diluted Earnings per Share	($3.66)	($2.45)	($14.87)	($0.94)
Weighted Average Diluted Shares Outstanding	26.08M	26.24M	27.08M	27.68M
Weighted Average Basic & Diluted Shares Outstanding	26.08M	26.24M	27.08M	27.68M

This table shows ZimVie's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	0.83	-30	-30	-23	-5.09	-335	-7.76	-4.01	-2.28	-12
Consolidated Net Income / (Loss)	0.83	-30	-30	-23	-5.09	-335	-7.76	-4.01	-2.28	-12
Net Income / (Loss) Continuing Operations	0.83	-13	-16	-5.91	-10	-24	-11	-9.55	-3.05	-9.75
Total Pre-Tax Income	-22	27	-11	-9.76	-9.86	-20	-7.41	-6.78	-3.74	-5.67
Total Operating Income	-17	24	-6.19	-4.39	-3.88	-16	-2.73	-6.69	-4.84	-6.41
Total Gross Profit	155	-164	77	74	68	238	74	73	103	37
Total Revenue	215	-221	120	119	105	113	118	117	103	112
Operating Revenue	215	-221	120	119	105	113	118	117	103	112
Total Cost of Revenue	60	-57	43	44	37	-124	44	44	0.00	75
Total Operating Expenses	172	-189	83	79	72	254	77	80	108	43
Selling, General & Admin Expense	129	-136	67	63	57	63	60	62	57	59
Research & Development Expense	15	-16	7.21	6.46	5.68	6.82	6.70	6.58	6.93	6.70
Amortization Expense	19	-33	6.79	6.81	6.78	173	6.02	6.00	42	-30
Restructuring Charge	8.42	-2.80	2.51	2.74	3.33	-4.09	3.62	5.02	0.69	9.24
Total Other Income / (Expense), net	-5.63	2.86	-5.11	-5.37	-5.97	-3.46	-4.68	-0.09	1.10	0.74
Interest Expense	6.24	-0.77	5.08	5.93	5.55	6.18	4.37	5.07	4.83	4.63
Other Income / (Expense), net	0.62	1.88	-0.03	-0.17	-0.99	1.52	-0.31	3.01	3.46	2.75
Income Tax Expense	-23	41	5.08	-3.85	0.33	3.65	4.07	2.78	-0.69	4.08
Net Income / (Loss) Discontinued Operations	-	-	-14	-17	5.09	-311	3.72	5.54	0.76	-2.02
Basic Earnings per Share	$0.03	($1.17)	($1.14)	($0.89)	($0.19)	($12.65)	($0.29)	($0.15)	($0.08)	($0.42)
Weighted Average Basic Shares Outstanding	26.09M	26.24M	26.38M	26.53M	26.54M	27.08M	27.29M	27.57M	27.60M	27.68M
Diluted Earnings per Share	$0.03	($1.17)	($1.14)	($0.89)	($0.19)	($12.65)	($0.29)	($0.15)	($0.08)	($0.42)
Weighted Average Diluted Shares Outstanding	26.09M	26.24M	26.38M	26.53M	26.54M	27.08M	27.29M	27.57M	27.60M	27.68M
Weighted Average Basic & Diluted Shares Outstanding	26.09M	26.24M	26.38M	26.53M	26.54M	27.08M	27.29M	27.57M	27.60M	27.68M

This table details how cash moves in and out of ZimVie's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Net Change in Cash & Equivalents	73	-11	-1.83	-11
Net Cash From Operating Activities	64	25	37	14
Net Cash From Continuing Operating Activities	64	25	37	14
Net Income / (Loss) Continuing Operations	-95	-64	-393	-26
Consolidated Net Income / (Loss)	-95	-64	-393	-26
Depreciation Expense	130	123	122	34
Non-Cash Adjustments To Reconcile Net Income	7.31	47	306	-0.11
Changes in Operating Assets and Liabilities, net	23	-81	2.45	5.80
Net Cash From Investing Activities	-60	-29	-15	282
Net Cash From Continuing Investing Activities	-60	-29	-15	282
Purchase of Property, Plant & Equipment	-28	-16	-6.51	-5.35
Divestitures	-	0.00	0.00	291
Other Investing Activities, net	-32	-12	-8.67	-3.27
Net Cash From Financing Activities	72	-1.31	-26	-295
Net Cash From Continuing Financing Activities	72	-1.31	-26	-295
Repayment of Debt	-18	-64	-29	-290
Payment of Dividends	0.00	-541	0.00	0.00
Issuance of Debt	0.00	595	4.76	0.00
Other Financing Activities, net	90	7.98	-1.12	-4.67
Effect of Exchange Rate Changes	-3.31	-5.46	1.86	-13
Cash Interest Paid	0.00	17	38	22
Cash Interest Received	-	0.00	0.00	4.64
Cash Income Taxes Paid	12	26	20	8.69

This table details how cash moves in and out of ZimVie's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-14	-26	-23	-0.20	9.24	12	-19	14	-15	8.48
Net Cash From Operating Activities	2.85	-8.90	-7.20	0.26	23	21	-12	3.04	1.20	21
Net Cash From Continuing Operating Activities	2.85	-8.90	-7.20	0.26	23	21	-12	3.04	1.20	21
Net Income / (Loss) Continuing Operations	0.83	-30	-30	-23	-5.09	-335	-7.76	-4.01	-2.28	-12
Consolidated Net Income / (Loss)	0.83	-30	-30	-23	-5.09	-335	-7.76	-4.01	-2.28	-12
Depreciation Expense	30	30	33	32	31	27	8.43	8.49	8.78	8.62
Non-Cash Adjustments To Reconcile Net Income	-13	-5.15	-8.34	6.94	6.76	301	-7.26	-5.59	3.31	9.42
Changes in Operating Assets and Liabilities, net	-15	-3.73	-1.52	-15	-9.53	29	-4.92	4.15	-8.61	15
Net Cash From Investing Activities	-8.90	-5.56	-5.83	-1.27	-5.34	-2.73	-4.14	290	-0.53	-2.87
Net Cash From Continuing Investing Activities	-8.90	-5.56	-5.83	-1.27	-5.34	-2.73	-4.14	290	-0.53	-2.87
Purchase of Property, Plant & Equipment	-5.32	-4.97	-1.89	-1.27	-2.19	-1.17	-0.84	-1.26	-0.58	-2.68
Divestitures	-	-	-	-	-	-	-	-	-	-0.21
Other Investing Activities, net	-3.58	-0.59	-3.95	-	-3.16	-1.56	-3.30	-0.03	0.05	0.01
Net Cash From Financing Activities	-3.52	-17	-11	1.17	-7.01	-8.88	-1.44	-275	-19	0.78
Net Cash From Continuing Financing Activities	-3.52	-17	-11	1.17	-7.01	-8.88	-1.44	-275	-19	0.78
Other Financing Activities, net	-0.05	1.06	-0.42	1.17	-	-1.87	-1.44	-0.23	-3.77	0.78
Effect of Exchange Rate Changes	-4.47	4.57	0.78	-0.36	-1.04	2.48	-2.10	-3.53	3.50	-11
Cash Interest Paid	5.53	7.82	8.12	9.33	8.75	12	9.36	6.28	6.51	-0.40
Cash Income Taxes Paid	3.99	17	1.66	17	0.34	1.06	-2.37	5.71	1.89	3.46

This table presents ZimVie's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Total Assets	1,827	1,642	1,205	754
Total Current Assets	537	538	483	257
Cash & Equivalents	100	68	72	75
Accounts Receivable	164	67	65	65
Inventories, net	247	77	80	75
Prepaid Expenses	25	28	24	23
Other Current Assets	-	3.15	0.00	0.00
Other Current Nonoperating Assets	-	294	243	19
Plant, Property, & Equipment, net	180	59	54	47
Total Noncurrent Assets	1,110	1,046	668	449
Noncurrent Note & Lease Receivables	-	-	0.00	65
Goodwill	268	260	262	258
Intangible Assets	766	139	114	93
Other Noncurrent Operating Assets	76	17	27	27
Other Noncurrent Nonoperating Assets	-	630	265	7.53
Total Liabilities & Shareholders' Equity	1,827	1,642	1,205	754
Total Liabilities	375	883	796	372
Total Current Liabilities	185	217	174	134
Accounts Payable	45	26	28	33
Current Deferred & Payable Income Tax Liabilities	6.28	14	2.86	3.26
Other Current Liabilities	133	82	67	63
Other Current Nonoperating Liabilities	-	96	76	35
Total Noncurrent Liabilities	191	666	622	238
Long-Term Debt	0.00	532	509	220
Noncurrent Deferred & Payable Income Tax Liabilities	129	2.15	0.27	0.00
Other Noncurrent Operating Liabilities	61	19	18	17
Other Noncurrent Nonoperating Liabilities	-	113	95	0.12
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,451	759	409	382
Total Preferred & Common Equity	1,451	759	409	382
Preferred Stock	0.00	0.00	0.00	0.00
Total Common Equity	1,451	759	409	382
Common Stock	0.00	897	923	939
Retained Earnings	0.00	-48	-441	-467
Accumulated Other Comprehensive Income / (Loss)	-43	-91	-73	-91

This table presents ZimVie's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,629	1,588	1,561	1,508	1,172	790	783
Total Current Assets	546	504	507	498	455	274	266
Cash & Equivalents	116	66	66	75	44	79	67
Accounts Receivable	173	175	168	154	69	71	70
Inventories, net	224	231	228	214	77	72	77
Prepaid Expenses	33	32	46	54	17	20	24
Other Current Nonoperating Assets	-	-	-	-	248	33	28
Plant, Property, & Equipment, net	150	139	130	121	52	50	50
Total Noncurrent Assets	933	945	923	889	664	466	468
Noncurrent Note & Lease Receivables	-	-	-	-	-	60	63
Goodwill	254	261	261	259	260	260	263
Intangible Assets	640	644	625	591	109	103	98
Other Noncurrent Operating Assets	39	39	38	38	27	30	31
Other Noncurrent Nonoperating Assets	-	-	-	-	267	13	12
Total Liabilities & Shareholders' Equity	1,629	1,588	1,561	1,508	1,172	790	783
Total Liabilities	896	844	833	798	783	396	376
Total Current Liabilities	217	197	190	171	170	141	137
Accounts Payable	61	53	59	51	27	27	27
Current Deferred & Payable Income Tax Liabilities	6.37	17	4.54	1.77	4.38	2.50	2.44
Other Current Liabilities	136	127	126	118	62	62	58
Other Current Nonoperating Liabilities	-	-	-	-	69	50	48
Total Noncurrent Liabilities	678	648	643	627	614	255	240
Long-Term Debt	535	522	522	516	502	235	220
Noncurrent Deferred & Payable Income Tax Liabilities	105	96	93	86	0.17	0.06	0.28
Other Noncurrent Operating Liabilities	38	30	28	25	19	19	19
Other Noncurrent Nonoperating Liabilities	-	-	-	-	92	0.39	0.37
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	734	744	728	710	388	394	407
Total Preferred & Common Equity	734	744	728	710	388	394	407
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	734	744	728	710	388	394	407
Common Stock	891	902	909	914	925	931	934
Retained Earnings	-17	-78	-101	-106	-449	-453	-455
Accumulated Other Comprehensive Income / (Loss)	-140	-81	-80	-98	-88	-84	-73

This table displays calculated financial ratios and metrics derived from ZimVie's official financial filings.

Metric	2021	2022	2023	2024
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	-1.91%	-1.26%	-1.68%
EBITDA Growth	273.79%	-47.47%	15.05%	-75.23%
EBIT Growth	109.49%	-307.89%	29.84%	61.60%
NOPAT Growth	111.15%	-287.21%	33.45%	33.21%
Net Income Growth	46.79%	32.94%	-515.65%	93.43%
EPS Growth	46.72%	33.06%	-506.94%	93.68%
Operating Cash Flow Growth	-25.23%	-61.69%	50.84%	-61.84%
Free Cash Flow Firm Growth	109.26%	433.37%	-102.93%	-70.15%
Invested Capital Growth	-9.06%	-62.42%	0.42%	5.10%
Revenue Q/Q Growth	0.00%	0.00%	272.15%	-0.34%
EBITDA Q/Q Growth	0.00%	0.00%	-33.03%	-22.85%
EBIT Q/Q Growth	0.00%	0.00%	-389.43%	49.02%
NOPAT Q/Q Growth	0.00%	0.00%	-412.93%	32.77%
Net Income Q/Q Growth	0.00%	0.00%	-343.01%	92.60%
EPS Q/Q Growth	0.00%	0.00%	-338.64%	92.86%
Operating Cash Flow Q/Q Growth	0.00%	-55.16%	446.78%	-0.03%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-107.22%
Invested Capital Q/Q Growth	0.00%	0.00%	-55.68%	-5.76%
Profitability Metrics	-	-	-	-
Gross Margin	62.74%	63.45%	100.00%	63.91%
EBITDA Margin	31.91%	17.09%	19.91%	5.02%
Operating Margin	4.62%	-10.03%	-6.76%	-4.59%
EBIT Margin	4.44%	-9.42%	-6.69%	-2.61%
Profit (Net Income) Margin	-20.17%	-13.79%	-85.98%	-5.74%
Tax Burden Percent	-462.80%	117.21%	773.46%	109.46%
Interest Burden Percent	98.07%	124.91%	166.10%	200.69%
Effective Tax Rate	20.33%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	1.23%	-3.50%	-4.26%	-2.77%
ROIC Less NNEP Spread (ROIC-NNEP)	215.16%	14.34%	489.32%	-11.70%
Return on Net Nonoperating Assets (RNNOA)	-7.70%	-2.28%	-63.08%	-3.76%
Return on Equity (ROE)	-6.48%	-5.78%	-67.34%	-6.53%
Cash Return on Invested Capital (CROIC)	10.72%	87.24%	-4.67%	-7.74%
Operating Return on Assets (OROA)	1.11%	-2.52%	-2.15%	-1.20%
Return on Assets (ROA)	-5.05%	-3.68%	-27.62%	-2.64%
Return on Common Equity (ROCE)	-6.48%	-5.78%	-67.34%	-6.53%
Return on Equity Simple (ROE_SIMPLE)	-6.56%	-8.42%	-96.04%	-6.77%
Net Operating Profit after Tax (NOPAT)	17	-33	-22	-14
NOPAT Margin	3.68%	-7.02%	-4.73%	-3.22%
Net Nonoperating Expense Percent (NNEP)	-213.93%	-17.84%	-493.57%	8.93%
Return On Investment Capital (ROIC_SIMPLE)	-	-2.52%	-2.36%	-2.40%
Cost of Revenue to Revenue	37.26%	36.55%	0.00%	36.09%
SG&A Expenses to Revenue	43.95%	54.64%	54.43%	53.05%
R&D to Revenue	5.78%	6.72%	5.72%	5.98%
Operating Expenses to Revenue	58.12%	73.48%	106.76%	68.51%
Earnings before Interest and Taxes (EBIT)	21	-44	-31	-12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	151	79	91	23
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.32	1.15	1.01
Price to Tangible Book Value (P/TBV)	0.00	0.68	14.26	12.27
Price to Revenue (P/Rev)	0.00	0.53	1.03	0.86
Price to Earnings (P/E)	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.39	1.78	0.99
Enterprise Value to Revenue (EV/Rev)	0.00	1.53	1.99	1.18
Enterprise Value to EBITDA (EV/EBITDA)	0.00	8.94	9.97	23.52
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	28.73	24.45	37.43
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.87	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	0.70	1.24	0.58
Long-Term Debt to Equity	0.00	0.70	1.24	0.58
Financial Leverage	-0.04	-0.16	-0.13	0.32
Leverage Ratio	1.28	1.57	2.44	2.48
Compound Leverage Factor	1.26	1.96	4.05	4.97
Debt to Total Capital	0.00%	41.23%	55.41%	36.61%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	41.23%	55.41%	36.61%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	58.77%	44.59%	63.39%
Debt to EBITDA	0.00	6.72	5.59	9.77
Net Debt to EBITDA	0.00	5.86	4.80	6.45
Long-Term Debt to EBITDA	0.00	6.72	5.59	9.77
Debt to NOPAT	0.00	-16.36	-23.49	-15.24
Net Debt to NOPAT	0.00	-14.26	-20.19	-10.06
Long-Term Debt to NOPAT	0.00	-16.36	-23.49	-15.24
Altman Z-Score	0.00	0.55	0.45	0.50
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	2.91	2.48	2.78	1.92
Quick Ratio	1.43	0.62	0.79	1.05
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	152	811	-24	-40
Operating Cash Flow to CapEx	226.32%	149.65%	570.72%	264.84%
Free Cash Flow to Firm to Interest Expense	375.32	73.18	-1.05	-2.14
Operating Cash Flow to Interest Expense	158.73	2.22	1.63	0.75
Operating Cash Flow Less CapEx to Interest Expense	88.59	0.74	1.35	0.47
Efficiency Ratios	-	-	-	-
Asset Turnover	0.25	0.27	0.32	0.46
Accounts Receivable Turnover	2.64	4.01	6.92	6.90
Inventory Turnover	0.66	1.04	0.00	2.10
Fixed Asset Turnover	2.60	3.88	8.12	8.87
Accounts Payable Turnover	3.72	4.74	0.00	5.34
Days Sales Outstanding (DSO)	138.31	91.10	52.74	52.91
Days Inventory Outstanding (DIO)	549.49	349.44	0.00	173.86
Days Payable Outstanding (DPO)	98.24	77.08	0.00	68.30
Cash Conversion Cycle (CCC)	589.56	363.47	52.74	158.46
Capital & Investment Metrics	-	-	-	-
Invested Capital	1,351	508	510	536
Invested Capital Turnover	0.33	0.50	0.90	0.86
Increase / (Decrease) in Invested Capital	-135	-843	2.12	26
Enterprise Value (EV)	0.00	708	908	530
Market Capitalization	0.00	244	471	385
Book Value per Share	$55.64	$29.08	$15.43	$13.83
Tangible Book Value per Share	$16.00	$13.80	$1.24	$1.14
Total Capital	1,451	1,291	918	602
Total Debt	0.00	532	509	220
Total Long-Term Debt	0.00	532	509	220
Net Debt	-100	464	437	145
Capital Expenditures (CapEx)	28	16	6.51	5.35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	252	252	238	48
Debt-free Net Working Capital (DFNWC)	352	321	309	123
Net Working Capital (NWC)	352	321	309	123
Net Nonoperating Expense (NNE)	113	31	372	11
Net Nonoperating Obligations (NNO)	-100	-251	100	154
Total Depreciation and Amortization (D&A)	130	123	122	34
Debt-free, Cash-free Net Working Capital to Revenue	53.33%	54.45%	51.98%	10.75%
Debt-free Net Working Capital to Revenue	74.58%	69.19%	67.61%	27.42%
Net Working Capital to Revenue	74.58%	69.19%	67.61%	27.42%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($2.45)	($14.87)	($0.94)
Adjusted Weighted Average Basic Shares Outstanding	26.08M	26.24M	27.08M	27.68M
Adjusted Diluted Earnings per Share	$0.00	($2.45)	($14.87)	($0.94)
Adjusted Weighted Average Diluted Shares Outstanding	26.08M	26.24M	27.08M	27.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	26.08M	26.24M	27.08M	27.68M
Normalized Net Operating Profit after Tax (NOPAT)	26	-12	-19	-1.47
Normalized NOPAT Margin	5.60%	-2.62%	-4.05%	-0.33%
Pre Tax Income Margin	4.36%	-11.76%	-11.12%	-5.25%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	51.82	-3.94	-1.35	-0.62
NOPAT to Interest Expense	42.92	-2.94	-0.95	-0.77
EBIT Less CapEx to Interest Expense	-18.32	-5.42	-1.63	-0.91
NOPAT Less CapEx to Interest Expense	-27.22	-4.42	-1.24	-1.05
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	-846.21%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-846.21%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from ZimVie's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.45%	0.00%	-48.89%	-49.42%	-50.92%	151.06%	-1.84%	-1.55%	-1.98%	-1.37%
EBITDA Growth	766.14%	0.00%	14,101.08%	230.75%	81.19%	-79.43%	-79.61%	-82.44%	-71.10%	-57.41%
EBIT Growth	47.15%	0.00%	80.79%	78.73%	69.65%	-157.06%	51.05%	19.33%	71.78%	75.54%
NOPAT Growth	44.91%	0.00%	81.03%	79.62%	76.71%	3.56%	55.84%	-52.39%	-24.57%	61.12%
Net Income Growth	102.75%	0.00%	-16.81%	-168.29%	-712.39%	-1,003.52%	74.10%	82.83%	55.12%	96.49%
EPS Growth	102.59%	0.00%	-16.33%	-169.70%	-733.33%	-981.20%	74.56%	83.15%	57.89%	96.68%
Operating Cash Flow Growth	128.76%	-141.59%	27.31%	-99.37%	693.90%	341.06%	-59.96%	1,085.94%	-94.70%	-0.02%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	100.02%	101.21%	0.00%	158.00%	262,927.84%	3,959.27%	-123.18%
Invested Capital Growth	0.00%	0.00%	0.00%	-0.28%	-1.45%	0.42%	-58.37%	-53.14%	-50.57%	5.10%
Revenue Q/Q Growth	-8.52%	-203.20%	154.37%	-1.46%	-11.24%	7.36%	662.25%	-1.17%	-11.63%	8.04%
EBITDA Q/Q Growth	70.74%	299.78%	-53.29%	3.73%	-6.47%	-54.61%	-76.58%	-10.71%	53.95%	-33.10%
EBIT Q/Q Growth	25.06%	263.31%	-123.71%	26.68%	-6.91%	-207.10%	15.33%	-20.83%	62.61%	-166.25%
NOPAT Q/Q Growth	22.58%	-2.50%	63.80%	29.08%	11.51%	-324.44%	34.72%	-144.77%	27.67%	-32.48%
Net Income Q/Q Growth	109.54%	-3,751.50%	1.24%	22.01%	78.23%	-6,479.92%	97.68%	48.28%	43.10%	-415.15%
EPS Q/Q Growth	109.09%	-4,000.00%	2.56%	21.93%	78.65%	-6,557.89%	97.71%	48.28%	46.67%	-425.00%
Operating Cash Flow Q/Q Growth	-92.97%	-412.17%	19.15%	103.56%	8,741.41%	-5.21%	-153.65%	126.37%	-60.51%	1,688.99%
Free Cash Flow Firm Q/Q Growth	1.94%	100.00%	0.00%	100.02%	5,901.22%	-195.86%	13,924.19%	-10.55%	-7.38%	-105.27%
Invested Capital Q/Q Growth	-1.68%	-56.50%	136.20%	-1.27%	-2.84%	-55.68%	-2.08%	11.13%	2.49%	-5.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	72.21%	0.00%	64.20%	62.52%	64.95%	210.09%	62.56%	62.75%	100.00%	33.17%
EBITDA Margin	6.59%	0.00%	21.94%	23.09%	24.33%	10.29%	4.56%	4.12%	7.17%	4.44%
Operating Margin	-7.77%	0.00%	-5.14%	-3.70%	-3.69%	-14.58%	-2.31%	-5.72%	-4.69%	-5.75%
EBIT Margin	-7.48%	0.00%	-5.16%	-3.84%	-4.63%	-13.24%	-2.57%	-3.15%	-1.33%	-3.28%
Profit (Net Income) Margin	0.39%	0.00%	-24.89%	-19.70%	-4.83%	-296.15%	-6.57%	-3.44%	-2.21%	-10.55%
Tax Burden Percent	-3.73%	-111.55%	265.39%	239.55%	51.63%	1,679.21%	104.75%	59.22%	61.13%	207.51%
Interest Burden Percent	138.87%	103.73%	181.63%	214.06%	202.28%	133.25%	243.48%	184.34%	271.71%	154.88%
Effective Tax Rate	0.00%	149.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	-2.09%	-0.51%	-0.27%	-9.17%	-0.87%	-2.09%	-1.72%	-3.46%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	-13.34%	-5.13%	-0.82%	420.24%	-2.93%	-1.87%	-1.36%	-9.18%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-8.17%	-3.02%	-0.49%	-54.17%	-1.47%	-1.03%	-0.73%	-2.95%
Return on Equity (ROE)	0.00%	0.00%	-10.26%	-3.53%	-0.77%	-63.35%	-2.33%	-3.12%	-2.45%	-6.41%
Cash Return on Invested Capital (CROIC)	0.00%	159.69%	0.00%	0.00%	0.00%	-4.67%	80.16%	69.97%	65.18%	-7.74%
Operating Return on Assets (OROA)	0.00%	0.00%	-1.13%	-0.54%	-0.36%	-4.25%	-0.85%	-1.21%	-0.52%	-1.51%
Return on Assets (ROA)	0.00%	0.00%	-5.46%	-2.78%	-0.38%	-95.15%	-2.17%	-1.33%	-0.87%	-4.84%
Return on Common Equity (ROCE)	0.00%	0.00%	-10.26%	-3.53%	-0.77%	-63.35%	-2.33%	-3.12%	-2.45%	-6.41%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	-9.17%	-11.38%	-12.50%	0.00%	-95.56%	-89.25%	-85.80%	0.00%
Net Operating Profit after Tax (NOPAT)	-12	-12	-4.33	-3.07	-2.72	-12	-1.91	-4.68	-3.39	-4.49
NOPAT Margin	-5.44%	0.00%	-3.60%	-2.59%	-2.58%	-10.20%	-1.62%	-4.01%	-3.28%	-4.02%
Net Nonoperating Expense Percent (NNEP)	-5.77%	-7.33%	11.25%	4.62%	0.54%	-429.41%	2.07%	-0.22%	-0.37%	5.72%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.93%	-	-	-	-1.26%	-	-	-	-0.74%
Cost of Revenue to Revenue	27.79%	0.00%	35.80%	37.48%	35.05%	-110.09%	37.44%	37.25%	0.00%	66.83%
SG&A Expenses to Revenue	60.28%	0.00%	55.62%	52.74%	53.66%	55.64%	51.04%	53.41%	55.52%	52.51%
R&D to Revenue	6.76%	0.00%	5.98%	5.44%	5.39%	6.03%	5.67%	5.63%	6.71%	6.01%
Operating Expenses to Revenue	79.98%	0.00%	69.34%	66.22%	68.64%	224.67%	64.87%	68.47%	104.69%	38.92%
Earnings before Interest and Taxes (EBIT)	-16	26	-6.22	-4.56	-4.87	-15	-3.04	-3.68	-1.38	-3.66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	14	57	26	27	26	12	5.39	4.81	7.41	4.95
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.35	0.32	0.26	0.41	0.35	1.15	1.15	1.26	1.08	1.01
Price to Tangible Book Value (P/TBV)	0.00	0.68	0.00	0.00	0.00	14.26	24.15	15.92	9.59	12.27
Price to Revenue (P/Rev)	0.00	0.53	0.54	1.28	2.03	1.03	0.98	1.10	0.97	0.86
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.59	1.39	0.54	0.64	0.60	1.78	1.83	1.18	1.04	0.99
Enterprise Value to Revenue (EV/Rev)	0.00	1.53	1.85	3.24	5.61	1.99	2.00	1.44	1.31	1.18
Enterprise Value to EBITDA (EV/EBITDA)	0.00	8.94	6.12	6.04	5.07	9.97	13.02	13.79	20.22	23.52
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	65.21	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	99.66	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	12.58	28.73	23.61	0.00	101.52	24.45	27.78	18.38	41.69	37.43
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	1.34	1.08	1.06	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.75	0.70	0.70	0.72	0.73	1.24	1.31	0.60	0.54	0.58
Long-Term Debt to Equity	0.73	0.70	0.70	0.72	0.73	1.24	1.29	0.60	0.54	0.58
Financial Leverage	0.59	-0.33	0.61	0.59	0.61	-0.13	0.50	0.55	0.54	0.32
Leverage Ratio	2.22	1.57	2.14	2.21	2.17	2.44	2.44	2.09	2.05	2.48
Compound Leverage Factor	3.08	1.63	3.88	4.72	4.39	3.25	5.94	3.86	5.57	3.83
Debt to Total Capital	42.82%	41.23%	41.24%	41.78%	42.06%	55.41%	56.73%	37.37%	35.14%	36.61%
Short-Term Debt to Total Capital	1.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.78%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	41.73%	41.23%	41.24%	41.78%	42.06%	55.41%	55.95%	37.37%	35.14%	36.61%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.18%	58.77%	58.76%	58.22%	57.94%	44.59%	43.27%	62.63%	64.86%	63.39%
Debt to EBITDA	0.00	6.72	4.95	4.19	3.79	5.59	7.27	4.95	7.53	9.77
Net Debt to EBITDA	0.00	5.86	4.32	3.66	3.24	4.80	6.65	3.30	5.25	6.45
Long-Term Debt to EBITDA	0.00	6.72	4.95	4.19	3.79	5.59	7.17	4.95	7.53	9.77
Debt to NOPAT	0.00	-16.36	-37.19	-257.01	74.49	-23.49	-26.46	-11.28	-10.24	-15.24
Net Debt to NOPAT	0.00	-14.26	-32.46	-224.43	63.59	-20.19	-24.20	-7.51	-7.13	-10.06
Long-Term Debt to NOPAT	0.00	-16.36	-37.19	-257.01	74.49	-23.49	-26.10	-11.28	-10.24	-15.24
Altman Z-Score	0.00	0.69	0.51	0.51	0.42	0.49	0.48	0.71	0.65	0.53
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.51	2.48	2.57	2.67	2.91	2.78	2.68	1.94	1.94	1.92
Quick Ratio	1.33	0.62	1.23	1.24	1.34	0.79	0.66	1.06	1.00	1.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,179	0.00	-1,204	0.24	14	-14	698	624	578	-30
Operating Cash Flow to CapEx	53.61%	-178.93%	-381.35%	20.21%	1,035.41%	1,835.24%	-1,378.56%	241.34%	205.31%	801.87%
Free Cash Flow to Firm to Interest Expense	-188.87	0.00	-237.14	0.04	2.57	-2.21	159.88	123.26	119.81	-6.59
Operating Cash Flow to Interest Expense	0.46	0.00	-1.42	0.04	4.08	3.47	-2.64	0.60	0.25	4.63
Operating Cash Flow Less CapEx to Interest Expense	-0.40	0.00	-1.79	-0.17	3.68	3.28	-2.83	0.35	0.13	4.06
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.27	0.22	0.14	0.08	0.32	0.33	0.39	0.39	0.46
Accounts Receivable Turnover	0.00	4.01	1.99	1.30	0.75	6.92	3.73	3.80	4.04	6.90
Inventory Turnover	0.00	1.04	0.55	0.40	0.31	0.00	1.09	1.12	0.90	2.10
Fixed Asset Turnover	0.00	3.88	2.50	1.59	0.90	8.12	4.76	5.04	5.28	8.87
Accounts Payable Turnover	0.00	4.74	2.41	1.23	1.20	0.00	4.23	3.86	3.31	5.34
Days Sales Outstanding (DSO)	0.00	91.10	183.49	280.25	485.03	52.74	97.79	96.06	90.39	52.91
Days Inventory Outstanding (DIO)	0.00	349.44	665.98	920.34	1,187.40	0.00	334.52	326.65	407.19	173.86
Days Payable Outstanding (DPO)	0.00	77.08	151.56	297.88	304.41	0.00	86.30	94.47	110.21	68.30
Cash Conversion Cycle (CCC)	0.00	363.47	697.91	902.71	1,368.02	52.74	346.01	328.24	387.37	158.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,167	508	1,199	1,184	1,150	510	499	555	569	536
Invested Capital Turnover	0.00	0.91	0.58	0.20	0.11	0.90	0.54	0.52	0.53	0.86
Increase / (Decrease) in Invested Capital	1,167	0.00	1,199	-3.31	-17	2.12	-700	-629	-582	26
Enterprise Value (EV)	691	708	645	752	690	908	912	655	591	530
Market Capitalization	257	244	190	296	250	471	447	498	438	385
Book Value per Share	$28.13	$29.08	$28.34	$27.59	$26.77	$15.43	$14.34	$14.44	$14.75	$13.83
Tangible Book Value per Share	($6.14)	$13.80	($6.16)	($5.99)	($5.29)	$1.24	$0.68	$1.15	$1.65	$1.14
Total Capital	1,283	1,291	1,266	1,250	1,226	918	897	629	627	602
Total Debt	549	532	522	522	516	509	509	235	220	220
Total Long-Term Debt	535	532	522	522	516	509	502	235	220	220
Net Debt	433	464	456	456	440	437	466	157	153	145
Capital Expenditures (CapEx)	5.32	4.97	1.89	1.27	2.19	1.17	0.84	1.26	0.58	2.68
Debt-free, Cash-free Net Working Capital (DFCFNWC)	227	252	241	251	251	238	249	54	62	48
Debt-free Net Working Capital (DFNWC)	343	321	308	318	326	309	293	133	129	123
Net Working Capital (NWC)	329	321	308	318	326	309	285	133	129	123
Net Nonoperating Expense (NNE)	-13	18	26	20	2.37	323	5.85	-0.67	-1.10	7.28
Net Nonoperating Obligations (NNO)	433	-251	456	456	440	100	111	161	162	154
Total Depreciation and Amortization (D&A)	30	30	33	32	31	27	8.43	8.49	8.78	8.62
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	54.45%	69.30%	108.29%	204.16%	51.98%	54.69%	11.94%	13.79%	10.75%
Debt-free Net Working Capital to Revenue	0.00%	69.19%	88.38%	136.81%	265.55%	67.61%	64.26%	29.28%	28.59%	27.42%
Net Working Capital to Revenue	0.00%	69.19%	88.38%	136.81%	265.55%	67.61%	62.72%	29.28%	28.59%	27.42%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	($1.17)	($1.14)	($0.89)	($0.19)	($12.65)	($0.29)	($0.15)	($0.08)	($0.42)
Adjusted Weighted Average Basic Shares Outstanding	26.09M	26.24M	26.38M	26.53M	26.54M	27.08M	27.29M	27.57M	27.60M	27.68M
Adjusted Diluted Earnings per Share	$0.03	($1.17)	($1.14)	($0.89)	($0.19)	($12.65)	($0.29)	($0.15)	($0.08)	($0.42)
Adjusted Weighted Average Diluted Shares Outstanding	26.09M	26.24M	26.38M	26.53M	26.54M	27.08M	27.29M	27.57M	27.60M	27.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	26.09M	26.24M	26.38M	26.53M	26.54M	27.08M	27.29M	27.57M	27.60M	27.68M
Normalized Net Operating Profit after Tax (NOPAT)	-5.78	15	-2.57	-1.16	-0.39	-14	0.62	-1.17	-2.91	1.98
Normalized NOPAT Margin	-2.69%	0.00%	-2.14%	-0.98%	-0.37%	-12.73%	0.52%	-1.00%	-2.81%	1.78%
Pre Tax Income Margin	-10.39%	0.00%	-9.38%	-8.22%	-9.36%	-17.64%	-6.27%	-5.80%	-3.62%	-5.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.57	0.00	-1.23	-0.77	-0.88	-2.42	-0.70	-0.73	-0.28	-0.79
NOPAT to Interest Expense	-1.87	0.00	-0.85	-0.52	-0.49	-1.87	-0.44	-0.92	-0.70	-0.97
EBIT Less CapEx to Interest Expense	-3.42	0.00	-1.60	-0.98	-1.27	-2.61	-0.89	-0.97	-0.41	-1.37
NOPAT Less CapEx to Interest Expense	-2.72	0.00	-1.23	-0.73	-0.88	-2.05	-0.63	-1.17	-0.82	-1.55
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-846.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-846.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About ZimVie's Financials

When does ZimVie's financial year end?

According to the most recent income statement we have on file, ZimVie's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has ZimVie's net income changed over the last 3 years?

ZimVie's net income appears to be on an upward trend, with a most recent value of -$25.83 million in 2024, falling from -$95.25 million in 2021. The previous period was -$393.28 million in 2023.

What is ZimVie's operating income?

ZimVie's total operating income in 2024 was -$20.66 million, based on the following breakdown:

Total Gross Profit: $287.45 million
Total Operating Expenses: $308.11 million

How has ZimVie revenue changed over the last 3 years?

Over the last 3 years, ZimVie's total revenue changed from $472.31 million in 2021 to $449.75 million in 2024, a change of -4.8%.

How much debt does ZimVie have?

ZimVie's total liabilities were at $371.97 million at the end of 2024, a 53.3% decrease from 2023, and a 0.9% decrease since 2021.

How much cash does ZimVie have?

In the past 3 years, ZimVie's cash and equivalents has ranged from $68.28 million in 2022 to $100.40 million in 2021, and is currently $74.97 million as of their latest financial filing in 2024.

How has ZimVie's book value per share changed over the last 3 years?

Over the last 3 years, ZimVie's book value per share changed from 55.64 in 2021 to 13.83 in 2024, a change of -75.1%.

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This page (NASDAQ:ZIMV) was last updated on 4/17/2025 by MarketBeat.com Staff

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ZimVie (ZIMV) Financials

Frequently Asked Questions About ZimVie's Financials

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