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Side-by-side financial comparison of Grab Holdings Ltd (GRAB) 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 $1.5B, roughly 1.4× Grab Holdings Ltd). Zimmer Biomet runs the higher net margin — 11.4% vs 1.8%, a 9.7% gap on every dollar of revenue.

Grab Holdings Inc. is a Singaporean multinational technology company headquartered in one-north, Singapore. It is the developer of a super-app for ride-hailing, food delivery, and digital payment services on mobile devices. It operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.

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.

GRAB vs ZBH — Head-to-Head

Bigger by revenue
ZBH
ZBH
1.4× larger
ZBH
$2.1B
$1.5B
GRAB
Higher net margin
ZBH
ZBH
9.7% more per $
ZBH
11.4%
1.8%
GRAB

Income Statement — Q4 FY2024 vs Q1 FY2026

Metric
GRAB
GRAB
ZBH
ZBH
Revenue
$1.5B
$2.1B
Net Profit
$26.0M
$238.3M
Gross Margin
43.1%
64.6%
Operating Margin
-2.5%
17.9%
Net Margin
1.8%
11.4%
Revenue YoY
9.3%
Net Profit YoY
30.5%
EPS (diluted)
$0.01
$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
GRAB
GRAB
ZBH
ZBH
Q1 26
$2.1B
Q4 25
$2.2B
Q3 25
$2.0B
Q2 25
$2.1B
Q1 25
$1.9B
Q4 24
$1.5B
$2.0B
Q3 24
$1.8B
Q2 24
$1.9B
Net Profit
GRAB
GRAB
ZBH
ZBH
Q1 26
$238.3M
Q4 25
$139.4M
Q3 25
$230.9M
Q2 25
$152.8M
Q1 25
$182.0M
Q4 24
$26.0M
$239.5M
Q3 24
$249.1M
Q2 24
$242.8M
Gross Margin
GRAB
GRAB
ZBH
ZBH
Q1 26
64.6%
Q4 25
64.7%
Q3 25
72.1%
Q2 25
71.5%
Q1 25
71.2%
Q4 24
43.1%
71.0%
Q3 24
70.5%
Q2 24
71.5%
Operating Margin
GRAB
GRAB
ZBH
ZBH
Q1 26
17.9%
Q4 25
6.9%
Q3 25
17.6%
Q2 25
14.4%
Q1 25
15.3%
Q4 24
-2.5%
19.2%
Q3 24
15.3%
Q2 24
18.1%
Net Margin
GRAB
GRAB
ZBH
ZBH
Q1 26
11.4%
Q4 25
6.2%
Q3 25
11.5%
Q2 25
7.4%
Q1 25
9.5%
Q4 24
1.8%
11.8%
Q3 24
13.7%
Q2 24
12.5%
EPS (diluted)
GRAB
GRAB
ZBH
ZBH
Q1 26
$1.22
Q4 25
$0.71
Q3 25
$1.16
Q2 25
$0.77
Q1 25
$0.91
Q4 24
$0.01
$1.18
Q3 24
$1.23
Q2 24
$1.18

Balance Sheet & Financial Strength

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

Metric
GRAB
GRAB
ZBH
ZBH
Cash + ST InvestmentsLiquidity on hand
$3.0B
$424.2M
Total DebtLower is stronger
$7.5B
Stockholders' EquityBook value
$6.4B
$12.7B
Total Assets
$9.3B
$22.7B
Debt / EquityLower = less leverage
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRAB
GRAB
ZBH
ZBH
Q1 26
$424.2M
Q4 25
$591.9M
Q3 25
$1.3B
Q2 25
$556.9M
Q1 25
$1.4B
Q4 24
$3.0B
$525.5M
Q3 24
$569.0M
Q2 24
$420.1M
Total Debt
GRAB
GRAB
ZBH
ZBH
Q1 26
$7.5B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
GRAB
GRAB
ZBH
ZBH
Q1 26
$12.7B
Q4 25
$12.7B
Q3 25
$12.8B
Q2 25
$12.5B
Q1 25
$12.4B
Q4 24
$6.4B
$12.5B
Q3 24
$12.4B
Q2 24
$12.7B
Total Assets
GRAB
GRAB
ZBH
ZBH
Q1 26
$22.7B
Q4 25
$23.1B
Q3 25
$23.5B
Q2 25
$22.9B
Q1 25
$22.2B
Q4 24
$9.3B
$21.4B
Q3 24
$21.7B
Q2 24
$21.5B
Debt / Equity
GRAB
GRAB
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
GRAB
GRAB
ZBH
ZBH
Operating Cash FlowLast quarter
$591.0M
$359.4M
Free Cash FlowOCF − Capex
$245.9M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
22.73×
1.51×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRAB
GRAB
ZBH
ZBH
Q1 26
$359.4M
Q4 25
$517.4M
Q3 25
$418.7M
Q2 25
$378.2M
Q1 25
$382.8M
Q4 24
$591.0M
$506.3M
Q3 24
$395.7M
Q2 24
$369.4M
Free Cash Flow
GRAB
GRAB
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
GRAB
GRAB
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
GRAB
GRAB
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
GRAB
GRAB
ZBH
ZBH
Q1 26
1.51×
Q4 25
3.71×
Q3 25
1.81×
Q2 25
2.48×
Q1 25
2.10×
Q4 24
22.73×
2.11×
Q3 24
1.59×
Q2 24
1.52×

Financial Flow Comparison

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

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