SNN vs ZBH: Smith & Nephew vs Zimmer Biomet Stock Comparison: AI Score, Valuation, Performance and Upside
Smith & Nephew and Zimmer Biomet are both mid-sized orthopedic medtech companies competing against Stryker and J&J for joint replacement and robotic surgery market share. Both have underperformed larger peers in recent years; both have robotic surgery platforms facing an uphill battle against Stryker Mako's installed base lead.
SNN vs ZBH is two orthopedic medtech challengers competing to close the gap with Stryker and J&J — Smith & Nephew wins if wound management provides earnings diversification while CORI gains share; Zimmer Biomet wins if ROSA robotic surgery captures meaningful knee replacement market share.
SNN and ZBH are closely matched — they split the tracked metrics evenly. SNN has delivered stronger 1-year price return (+1.63% vs +0.31%), though ZBH has the better forward P/E setup (10.16x vs 13.06x for SNN). Analyst consensus implies meaningfully more upside for SNN (+14.24%) than for ZBH (+7.34%).
- →want orthopedic medtech exposure diversified across implants, sports medicine, and wound management
- →value Smith & Nephew's wound care segment as a recurring consumable revenue driver
- →prefer a UK-based medtech ADR at a lower valuation than US-listed peers
- →believe CORI robotics can gain traction against Stryker Mako over time
- →prefer US-listed orthopedic medtech focused on knee and hip reconstruction
- →believe ROSA robotic surgery can close the gap with Stryker Mako's installed base
- →value Zimmer Biomet's dental segment as an additional orthopedic-adjacent revenue diversifier
- →are comfortable with operational restructuring risk in exchange for potential margin improvement
| Metric | SNN | ZBH |
|---|---|---|
| AI score | 26.6 | 26.8 |
| AI rank | #2580 | #2552 |
| Latest close | $29.83 | $94.08 |
| 1M return | -2.44% | +6.22% |
| 6M return | -10.10% | +1.32% |
| 1Y return | +1.63% | +0.31% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | SNN | ZBH |
|---|---|---|
| 1Y ago | $10.4K (+4.0%) started 2025-07-14 | $10.02K (+0.2%) started 2025-07-14 |
| 5Y ago | $9.19K (-8.1%) started 2021-07-14 | $6.62K (-33.8%) started 2021-07-14 |
| 10Y ago | $13.78K (+37.8%) started 2016-07-14 | $8.83K (-11.7%) started 2016-07-14 |
Hypothetical — past performance does not guarantee future results.
| Metric | SNN | ZBH |
|---|---|---|
| Market cap | $12.57B | $17.67B |
| Trailing P/E | 20.86 | 23.66 |
| Forward P/E | 13.06 | 10.16 |
| Price/Sales | 2.04 | 2.37 |
| EV/Revenue | 11.16 | 2.95 |
| Analyst target | $34.07 | $98.05 |
| Target upside | +14.24% | +7.34% |
| Metric | SNN | ZBH |
|---|---|---|
| Revenue growth | 7.40% | 9.30% |
| Earnings growth | 70.40% | 34.10% |
| EPS growth | +70.40% | +34.10% |
| FCF margin | +14.22% | +12.42% |
| Operating margin | N/A | 19.69% |
| Profit margin | 10.14% | 9.05% |
| ROIC proxy | 11.84% | 6.07% |
| Return on equity | 11.84% | 6.07% |
| Dividend yield | 2.55% | 1.05% |
| Beta | 0.68 | 0.46 |
| Debt/equity | 62.90 | 59.83 |
| Current ratio | 2.57 | 1.73 |
| Quick ratio | 1.17 | 0.77 |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | SNN | ZBH |
|---|---|---|---|
| 1Y | Growth | +1.63% | +0.23% |
| CAGR | +1.63% | +0.24% | |
| Sharpe ratio | 0.06 | 0.03 | |
| Max drawdown | 24.01% | 26.12% | |
| Max daily drop | 11.72% | 15.15% | |
| Max wkly drop | 10.10% | 14.23% | |
| 5Y | Growth | -20.15% | -35.80% |
| CAGR | -4.40% | -8.49% | |
| Sharpe ratio | -0.19 | -0.36 | |
| Max drawdown | 48.63% | 48.30% | |
| Max daily drop | 13.03% | 15.15% | |
| Max wkly drop | 15.15% | 14.23% | |
| 10Y | Growth | +6.89% | -17.77% |
| CAGR | +0.67% | -1.94% | |
| Sharpe ratio | -0.01 | -0.08 | |
| Max drawdown | 55.06% | 52.63% | |
| Max daily drop | 13.75% | 15.15% | |
| Max wkly drop | 29.62% | 27.48% |
| Category | SNN | ZBH |
|---|---|---|
| Company | Smith & Nephew plc | Zimmer Biomet Holdings, Inc. |
| Sector | Healthcare | Healthcare |
| Industry | N/A | Medical Devices |
| Core business | Global medtech company with orthopedics (knee, hip implants), sports medicine (arthroscopy), and advanced wound management. Smith & Nephew is headquartered in the UK and trades as an ADR on the NYSE. | Global orthopedic implant and surgery company focused on knee and hip reconstruction, spine surgery, and dental implants. Zimmer Biomet's ROSA robotic surgery platform competes with Stryker's Mako. |
| Investor focus | Orthopedic procedure volume recovery, CORI robotic surgery system adoption, wound management innovation, and operational margin improvement. | ROSA robot adoption, orthopedic procedure volume, international revenue growth, and margin improvement after operational restructuring. |
- →Diversified across three segments — orthopedics, sports medicine, and wound management — providing revenue resilience
- →CORI robotic surgery system competes in the fast-growing robot-assisted orthopedic surgery market
- →Advanced wound management is a differentiated, high-margin segment with recurring consumable revenue
- →ROSA robotic surgery platform is gaining share in the robot-assisted knee replacement market
- →Strong brand presence in knee and hip reconstruction in the US and Europe
- →Dental segment diversification provides revenue outside core orthopedics
- →Smith & Nephew has lagged peers in orthopedic revenue growth and has undergone multiple management changes
- →CORI adoption is behind Stryker's Mako and J&J's Velys in installed base
- →UK-listed company with ADR means currency fluctuations affect USD-reported results
- →Zimmer Biomet has lagged Stryker's Mako in robotic surgery market share — a critical competitive battle
- →Restructuring costs and operational complexity have weighed on margins
- →Spine segment faces commoditization pressure from multiple competitors
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