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Side-by-side financial comparison of Consolidated Edison (ED) and Zimmer Biomet (ZBH). Click either name above to swap in a different company.

Consolidated Edison is the larger business by last-quarter revenue ($4.0B vs $2.1B, roughly 1.9× Zimmer Biomet). Zimmer Biomet runs the higher net margin — 11.4% vs 7.5%, a 3.9% gap on every dollar of revenue. On growth, Zimmer Biomet posted the faster year-over-year revenue change (9.3% vs 8.2%). Over the past eight quarters, Zimmer Biomet's revenue compounded faster (3.7% CAGR vs -3.7%).

Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc.

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.

ED vs ZBH — Head-to-Head

Bigger by revenue
ED
ED
1.9× larger
ED
$4.0B
$2.1B
ZBH
Growing faster (revenue YoY)
ZBH
ZBH
+1.1% gap
ZBH
9.3%
8.2%
ED
Higher net margin
ZBH
ZBH
3.9% more per $
ZBH
11.4%
7.5%
ED
Faster 2-yr revenue CAGR
ZBH
ZBH
Annualised
ZBH
3.7%
-3.7%
ED

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ED
ED
ZBH
ZBH
Revenue
$4.0B
$2.1B
Net Profit
$298.0M
$238.3M
Gross Margin
64.6%
Operating Margin
12.3%
17.9%
Net Margin
7.5%
11.4%
Revenue YoY
8.2%
9.3%
Net Profit YoY
-3.9%
30.5%
EPS (diluted)
$0.81
$1.22

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
ED
ED
ZBH
ZBH
Q1 26
$2.1B
Q4 25
$4.0B
$2.2B
Q3 25
$4.6B
$2.0B
Q2 25
$3.6B
$2.1B
Q1 25
$4.9B
$1.9B
Q4 24
$3.7B
$2.0B
Q3 24
$4.2B
$1.8B
Q2 24
$3.3B
$1.9B
Net Profit
ED
ED
ZBH
ZBH
Q1 26
$238.3M
Q4 25
$298.0M
$139.4M
Q3 25
$688.0M
$230.9M
Q2 25
$246.0M
$152.8M
Q1 25
$791.0M
$182.0M
Q4 24
$310.0M
$239.5M
Q3 24
$588.0M
$249.1M
Q2 24
$202.0M
$242.8M
Gross Margin
ED
ED
ZBH
ZBH
Q1 26
64.6%
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%
Operating Margin
ED
ED
ZBH
ZBH
Q1 26
17.9%
Q4 25
12.3%
6.9%
Q3 25
21.2%
17.6%
Q2 25
9.8%
14.4%
Q1 25
23.0%
15.3%
Q4 24
13.0%
19.2%
Q3 24
20.4%
15.3%
Q2 24
9.7%
18.1%
Net Margin
ED
ED
ZBH
ZBH
Q1 26
11.4%
Q4 25
7.5%
6.2%
Q3 25
15.1%
11.5%
Q2 25
6.8%
7.4%
Q1 25
16.2%
9.5%
Q4 24
8.5%
11.8%
Q3 24
13.9%
13.7%
Q2 24
6.1%
12.5%
EPS (diluted)
ED
ED
ZBH
ZBH
Q1 26
$1.22
Q4 25
$0.81
$0.71
Q3 25
$1.90
$1.16
Q2 25
$0.68
$0.77
Q1 25
$2.25
$0.91
Q4 24
$0.89
$1.18
Q3 24
$1.69
$1.23
Q2 24
$0.58
$1.18

Balance Sheet & Financial Strength

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

Metric
ED
ED
ZBH
ZBH
Cash + ST InvestmentsLiquidity on hand
$1.6B
$424.2M
Total DebtLower is stronger
$25.8B
$7.5B
Stockholders' EquityBook value
$24.2B
$12.7B
Total Assets
$74.6B
$22.7B
Debt / EquityLower = less leverage
1.07×
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ED
ED
ZBH
ZBH
Q1 26
$424.2M
Q4 25
$1.6B
$591.9M
Q3 25
$181.0M
$1.3B
Q2 25
$1.5B
$556.9M
Q1 25
$360.0M
$1.4B
Q4 24
$1.3B
$525.5M
Q3 24
$93.0M
$569.0M
Q2 24
$1.5B
$420.1M
Total Debt
ED
ED
ZBH
ZBH
Q1 26
$7.5B
Q4 25
$25.8B
Q3 25
Q2 25
Q1 25
Q4 24
$24.7B
Q3 24
Q2 24
Stockholders' Equity
ED
ED
ZBH
ZBH
Q1 26
$12.7B
Q4 25
$24.2B
$12.7B
Q3 25
$24.2B
$12.8B
Q2 25
$23.8B
$12.5B
Q1 25
$23.8B
$12.4B
Q4 24
$22.0B
$12.5B
Q3 24
$21.9B
$12.4B
Q2 24
$21.6B
$12.7B
Total Assets
ED
ED
ZBH
ZBH
Q1 26
$22.7B
Q4 25
$74.6B
$23.1B
Q3 25
$71.8B
$23.5B
Q2 25
$71.5B
$22.9B
Q1 25
$70.7B
$22.2B
Q4 24
$70.6B
$21.4B
Q3 24
$68.6B
$21.7B
Q2 24
$67.9B
$21.5B
Debt / Equity
ED
ED
ZBH
ZBH
Q1 26
0.59×
Q4 25
1.07×
Q3 25
Q2 25
Q1 25
Q4 24
1.13×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
ED
ED
ZBH
ZBH
Operating Cash FlowLast quarter
$1.5B
$359.4M
Free Cash FlowOCF − Capex
$245.9M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.97×
1.51×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ED
ED
ZBH
ZBH
Q1 26
$359.4M
Q4 25
$1.5B
$517.4M
Q3 25
$504.0M
$418.7M
Q2 25
$2.0B
$378.2M
Q1 25
$837.0M
$382.8M
Q4 24
$1.3B
$506.3M
Q3 24
$392.0M
$395.7M
Q2 24
$1.3B
$369.4M
Free Cash Flow
ED
ED
ZBH
ZBH
Q1 26
$245.9M
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
FCF Margin
ED
ED
ZBH
ZBH
Q1 26
11.8%
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%
Capex Intensity
ED
ED
ZBH
ZBH
Q1 26
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%
Cash Conversion
ED
ED
ZBH
ZBH
Q1 26
1.51×
Q4 25
4.97×
3.71×
Q3 25
0.73×
1.81×
Q2 25
8.04×
2.48×
Q1 25
1.06×
2.10×
Q4 24
4.23×
2.11×
Q3 24
0.67×
1.59×
Q2 24
6.63×
1.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ED
ED

Electricity$2.9B73%
Oil And Gas Purchased$923.0M23%
Steam Plant$189.0M5%
Con Edison Transmission$1.0M0%

ZBH
ZBH

Segment breakdown not available.

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