vs

Side-by-side financial comparison of Bone Biologics Corp (BBLG) and Zimmer Biomet (ZBH). Click either name above to swap in a different company.

Zimmer Biomet is the larger business by last-quarter revenue ($2.2B vs $255, roughly 8798823.5× Bone Biologics Corp). Zimmer Biomet runs the higher net margin — 6.2% vs -339596.1%, a 339602.3% gap on every dollar of revenue. On growth, Zimmer Biomet posted the faster year-over-year revenue change (10.9% vs -54.1%).

Bone Biologics Corp is a clinical-stage biotechnology firm focused on developing orthobiologic products to boost bone regeneration and healing for orthopedic surgery patients, including spinal fusion recipients. It mainly operates in the U.S. healthcare market, targeting orthopedic care and regenerative medicine segments.

Zimmer Biomet Holdings, Inc. is a publicly traded American medical device company. It was founded in 1927 to produce aluminum splints. The firm is headquartered in Warsaw, Indiana, where it is part of the medical devices business cluster.

BBLG vs ZBH — Head-to-Head

Bigger by revenue
ZBH
ZBH
8798823.5× larger
ZBH
$2.2B
$255
BBLG
Growing faster (revenue YoY)
ZBH
ZBH
+65.0% gap
ZBH
10.9%
-54.1%
BBLG
Higher net margin
ZBH
ZBH
339602.3% more per $
ZBH
6.2%
-339596.1%
BBLG

Income Statement — Q1 2024 vs Q4 2025

Metric
BBLG
BBLG
ZBH
ZBH
Revenue
$255
$2.2B
Net Profit
$-866.0K
$139.4M
Gross Margin
64.7%
Operating Margin
-354327.8%
6.9%
Net Margin
-339596.1%
6.2%
Revenue YoY
-54.1%
10.9%
Net Profit YoY
76.7%
-41.8%
EPS (diluted)
$-1.31
$0.71

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BBLG
BBLG
ZBH
ZBH
Q4 25
$2.2B
Q3 25
$2.0B
Q2 25
$2.1B
Q1 25
$1.9B
Q4 24
$2.0B
Q3 24
$1.8B
Q2 24
$1.9B
Q1 24
$255
$1.9B
Net Profit
BBLG
BBLG
ZBH
ZBH
Q4 25
$139.4M
Q3 25
$230.9M
Q2 25
$152.8M
Q1 25
$182.0M
Q4 24
$239.5M
Q3 24
$249.1M
Q2 24
$242.8M
Q1 24
$-866.0K
$172.4M
Gross Margin
BBLG
BBLG
ZBH
ZBH
Q4 25
64.7%
Q3 25
72.1%
Q2 25
71.5%
Q1 25
71.2%
Q4 24
71.0%
Q3 24
70.5%
Q2 24
71.5%
Q1 24
72.9%
Operating Margin
BBLG
BBLG
ZBH
ZBH
Q4 25
6.9%
Q3 25
17.6%
Q2 25
14.4%
Q1 25
15.3%
Q4 24
19.2%
Q3 24
15.3%
Q2 24
18.1%
Q1 24
-354327.8%
14.1%
Net Margin
BBLG
BBLG
ZBH
ZBH
Q4 25
6.2%
Q3 25
11.5%
Q2 25
7.4%
Q1 25
9.5%
Q4 24
11.8%
Q3 24
13.7%
Q2 24
12.5%
Q1 24
-339596.1%
9.1%
EPS (diluted)
BBLG
BBLG
ZBH
ZBH
Q4 25
$0.71
Q3 25
$1.16
Q2 25
$0.77
Q1 25
$0.91
Q4 24
$1.18
Q3 24
$1.23
Q2 24
$1.18
Q1 24
$-1.31
$0.84

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BBLG
BBLG
ZBH
ZBH
Cash + ST InvestmentsLiquidity on hand
$591.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.7M
$12.7B
Total Assets
$3.8M
$23.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBLG
BBLG
ZBH
ZBH
Q4 25
$591.9M
Q3 25
$1.3B
Q2 25
$556.9M
Q1 25
$1.4B
Q4 24
$525.5M
Q3 24
$569.0M
Q2 24
$420.1M
Q1 24
$393.0M
Stockholders' Equity
BBLG
BBLG
ZBH
ZBH
Q4 25
$12.7B
Q3 25
$12.8B
Q2 25
$12.5B
Q1 25
$12.4B
Q4 24
$12.5B
Q3 24
$12.4B
Q2 24
$12.7B
Q1 24
$3.7M
$12.6B
Total Assets
BBLG
BBLG
ZBH
ZBH
Q4 25
$23.1B
Q3 25
$23.5B
Q2 25
$22.9B
Q1 25
$22.2B
Q4 24
$21.4B
Q3 24
$21.7B
Q2 24
$21.5B
Q1 24
$3.8M
$21.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BBLG
BBLG
ZBH
ZBH
Operating Cash FlowLast quarter
$-1.3M
$517.4M
Free Cash FlowOCF − Capex
$442.6M
FCF MarginFCF / Revenue
19.7%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
3.71×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BBLG
BBLG
ZBH
ZBH
Q4 25
$517.4M
Q3 25
$418.7M
Q2 25
$378.2M
Q1 25
$382.8M
Q4 24
$506.3M
Q3 24
$395.7M
Q2 24
$369.4M
Q1 24
$-1.3M
$228.0M
Free Cash Flow
BBLG
BBLG
ZBH
ZBH
Q4 25
$442.6M
Q3 25
$363.7M
Q2 25
$328.1M
Q1 25
$338.2M
Q4 24
$454.8M
Q3 24
$351.2M
Q2 24
$316.7M
Q1 24
$172.9M
FCF Margin
BBLG
BBLG
ZBH
ZBH
Q4 25
19.7%
Q3 25
18.2%
Q2 25
15.8%
Q1 25
17.7%
Q4 24
22.5%
Q3 24
19.3%
Q2 24
16.3%
Q1 24
9.2%
Capex Intensity
BBLG
BBLG
ZBH
ZBH
Q4 25
3.3%
Q3 25
2.7%
Q2 25
2.4%
Q1 25
2.3%
Q4 24
2.5%
Q3 24
2.4%
Q2 24
2.7%
Q1 24
2.9%
Cash Conversion
BBLG
BBLG
ZBH
ZBH
Q4 25
3.71×
Q3 25
1.81×
Q2 25
2.48×
Q1 25
2.10×
Q4 24
2.11×
Q3 24
1.59×
Q2 24
1.52×
Q1 24
1.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BBLG
BBLG

Segment breakdown not available.

ZBH
ZBH

Knees$911.0M41%
SET$587.6M26%
Hips$555.4M25%
Technology And Data Bone Cement And Surgical$189.8M8%

Related Comparisons