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Medtronic vs Zimmer Biomet Holdings: Which Stock Looks Stronger in 2026?

Medtronic holds the cleaner structural position, with the lead spread across profitability and stability. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the S&P 500 universe, making them directly comparable.

Updated 2026-08-16

This is not just a one-metric split: both profitability and stability materially support the lead. The overall score gap is 11 points in favour of Medtronic plc.

INDUSTRY COMPARISON

Both operate in: Medical Devices

This comparison is based on industry proximity, not on functional trajectory similarity. MDT and ZBH share the same industry classification.

For a similarity-based comparison, see how Medtronic and Zimmer Biomet each position within their functional peer groups in AssetNext.

Peer-Relative Score
MDT
Medtronic plc
58
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
ZBH
Zimmer Biomet Holdings, Inc.
47
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: MDT vs ZBH Profitability 45 27 Stability 50 37 Valuation 71 67 Growth 63 59 MDT ZBH
Gap Ranking
#1 Profitability +18
#2 Stability +13
#3 Growth +4
#4 Valuation +4
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for MDT and ZBH Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer MDTZBH Relative valuation Structural strength

Neither company combines the stronger profile with the cheaper valuation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where MDT and ZBH each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY MDT Elevated · below norm 0th 50th 100th 55 pct gap ZBH Lower · above norm 0th 50th 100th 81st 26th
Today ZBH sits in the lower-middle of its own 5-year history (26th percentile), while MDT sits higher in its own history (81st). Within each stock's own 5-year context, ZBH is at a historically more favourable entry position than MDT. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Profitability
Medtronic plc holds the stronger peer position on profitability.
Stability
Medtronic plc sits in the stronger part of the group on stability, while Zimmer Biomet Holdings, Inc. is closer to mid-pack.
Profitability — Dominant Gap
MDT
45
ZBH
27
Gap+18in favour of MDT

The clearest distance comes from a stronger profitability profile.

What keeps the gap from being one-sided

Zimmer Biomet Holdings, Inc. still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

The lead is built on both profitability and stability, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the MDT vs ZBH comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-and-stability comparisons

Explore how MDT and ZBH each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.