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

Zimmer Biomet is the larger business by last-quarter revenue ($2.1B vs $1.6B, roughly 1.3× Globe Life). Globe Life runs the higher net margin — 17.3% vs 11.4%, a 5.9% gap on every dollar of revenue. On growth, Zimmer Biomet posted the faster year-over-year revenue change (9.3% vs 5.3%). Over the past eight quarters, Globe Life's revenue compounded faster (4.1% CAGR vs 3.7%).

Globe Life Inc. (GL) is an American financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.

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.

GL vs ZBH — Head-to-Head

Bigger by revenue
ZBH
ZBH
1.3× larger
ZBH
$2.1B
$1.6B
GL
Growing faster (revenue YoY)
ZBH
ZBH
+4.0% gap
ZBH
9.3%
5.3%
GL
Higher net margin
GL
GL
5.9% more per $
GL
17.3%
11.4%
ZBH
Faster 2-yr revenue CAGR
GL
GL
Annualised
GL
4.1%
3.7%
ZBH

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
GL
GL
ZBH
ZBH
Revenue
$1.6B
$2.1B
Net Profit
$270.5M
$238.3M
Gross Margin
64.6%
Operating Margin
17.9%
Net Margin
17.3%
11.4%
Revenue YoY
5.3%
9.3%
Net Profit YoY
30.5%
EPS (diluted)
$3.39
$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
GL
GL
ZBH
ZBH
Q1 26
$1.6B
$2.1B
Q4 25
$1.5B
$2.2B
Q3 25
$1.5B
$2.0B
Q2 25
$1.5B
$2.1B
Q1 25
$1.5B
$1.9B
Q4 24
$1.5B
$2.0B
Q3 24
$1.5B
$1.8B
Q2 24
$1.4B
$1.9B
Net Profit
GL
GL
ZBH
ZBH
Q1 26
$270.5M
$238.3M
Q4 25
$266.1M
$139.4M
Q3 25
$387.8M
$230.9M
Q2 25
$252.7M
$152.8M
Q1 25
$254.6M
$182.0M
Q4 24
$255.2M
$239.5M
Q3 24
$303.0M
$249.1M
Q2 24
$258.4M
$242.8M
Gross Margin
GL
GL
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
26.1%
70.5%
Q2 24
23.3%
71.5%
Operating Margin
GL
GL
ZBH
ZBH
Q1 26
17.9%
Q4 25
21.7%
6.9%
Q3 25
31.5%
17.6%
Q2 25
21.2%
14.4%
Q1 25
21.4%
15.3%
Q4 24
21.3%
19.2%
Q3 24
26.3%
15.3%
Q2 24
23.5%
18.1%
Net Margin
GL
GL
ZBH
ZBH
Q1 26
17.3%
11.4%
Q4 25
17.5%
6.2%
Q3 25
25.6%
11.5%
Q2 25
17.1%
7.4%
Q1 25
17.2%
9.5%
Q4 24
17.4%
11.8%
Q3 24
20.8%
13.7%
Q2 24
17.9%
12.5%
EPS (diluted)
GL
GL
ZBH
ZBH
Q1 26
$3.39
$1.22
Q4 25
$3.28
$0.71
Q3 25
$4.73
$1.16
Q2 25
$3.05
$0.77
Q1 25
$3.01
$0.91
Q4 24
$3.00
$1.18
Q3 24
$3.44
$1.23
Q2 24
$2.83
$1.18

Balance Sheet & Financial Strength

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

Metric
GL
GL
ZBH
ZBH
Cash + ST InvestmentsLiquidity on hand
$183.8M
$424.2M
Total DebtLower is stronger
$7.5B
Stockholders' EquityBook value
$6.1B
$12.7B
Total Assets
$22.7B
Debt / EquityLower = less leverage
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GL
GL
ZBH
ZBH
Q1 26
$183.8M
$424.2M
Q4 25
$314.7M
$591.9M
Q3 25
$62.8M
$1.3B
Q2 25
$116.7M
$556.9M
Q1 25
$134.1M
$1.4B
Q4 24
$85.0M
$525.5M
Q3 24
$100.5M
$569.0M
Q2 24
$100.6M
$420.1M
Total Debt
GL
GL
ZBH
ZBH
Q1 26
$7.5B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
GL
GL
ZBH
ZBH
Q1 26
$6.1B
$12.7B
Q4 25
$6.0B
$12.7B
Q3 25
$5.7B
$12.8B
Q2 25
$5.4B
$12.5B
Q1 25
$5.4B
$12.4B
Q4 24
$5.3B
$12.5B
Q3 24
$4.6B
$12.4B
Q2 24
$5.2B
$12.7B
Total Assets
GL
GL
ZBH
ZBH
Q1 26
$22.7B
Q4 25
$30.8B
$23.1B
Q3 25
$30.5B
$23.5B
Q2 25
$29.8B
$22.9B
Q1 25
$29.7B
$22.2B
Q4 24
$29.1B
$21.4B
Q3 24
$29.6B
$21.7B
Q2 24
$28.3B
$21.5B
Debt / Equity
GL
GL
ZBH
ZBH
Q1 26
0.59×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
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
GL
GL
ZBH
ZBH
Operating Cash FlowLast quarter
$359.4M
Free Cash FlowOCF − Capex
$245.9M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GL
GL
ZBH
ZBH
Q1 26
$359.4M
Q4 25
$350.6M
$517.4M
Q3 25
$306.0M
$418.7M
Q2 25
$307.9M
$378.2M
Q1 25
$431.9M
$382.8M
Q4 24
$336.9M
$506.3M
Q3 24
$340.6M
$395.7M
Q2 24
$374.1M
$369.4M
Free Cash Flow
GL
GL
ZBH
ZBH
Q1 26
$245.9M
Q4 25
$330.1M
$442.6M
Q3 25
$208.7M
$363.7M
Q2 25
$295.0M
$328.1M
Q1 25
$420.1M
$338.2M
Q4 24
$321.9M
$454.8M
Q3 24
$311.3M
$351.2M
Q2 24
$356.5M
$316.7M
FCF Margin
GL
GL
ZBH
ZBH
Q1 26
11.8%
Q4 25
21.7%
19.7%
Q3 25
13.8%
18.2%
Q2 25
19.9%
15.8%
Q1 25
28.4%
17.7%
Q4 24
22.0%
22.5%
Q3 24
21.4%
19.3%
Q2 24
24.8%
16.3%
Capex Intensity
GL
GL
ZBH
ZBH
Q1 26
Q4 25
1.3%
3.3%
Q3 25
6.4%
2.7%
Q2 25
0.9%
2.4%
Q1 25
0.8%
2.3%
Q4 24
1.0%
2.5%
Q3 24
2.0%
2.4%
Q2 24
1.2%
2.7%
Cash Conversion
GL
GL
ZBH
ZBH
Q1 26
1.51×
Q4 25
1.32×
3.71×
Q3 25
0.79×
1.81×
Q2 25
1.22×
2.48×
Q1 25
1.70×
2.10×
Q4 24
1.32×
2.11×
Q3 24
1.12×
1.59×
Q2 24
1.45×
1.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GL
GL

Life premium$853.2M55%
Health premium$416.9M27%
Other$289.5M19%

ZBH
ZBH

Segment breakdown not available.

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