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Side-by-side financial comparison of Host Hotels & Resorts (HST) 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× Host Hotels & Resorts). Zimmer Biomet runs the higher net margin — 11.4% vs 8.4%, a 3.0% gap on every dollar of revenue. On growth, Host Hotels & Resorts posted the faster year-over-year revenue change (12.3% vs 9.3%). Host Hotels & Resorts produced more free cash flow last quarter ($445.0M vs $245.9M). Over the past eight quarters, Host Hotels & Resorts's revenue compounded faster (4.4% CAGR vs 3.7%).

Host Hotels & Resorts, Inc., based in Bethesda, Maryland, is an American real estate investment trust that invests in hotels. As of December 31, 2024, the company owned 81 upscale hotels containing about 43,400 rooms in the United States, Brazil, and Canada.

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.

HST vs ZBH — Head-to-Head

Bigger by revenue
ZBH
ZBH
1.3× larger
ZBH
$2.1B
$1.6B
HST
Growing faster (revenue YoY)
HST
HST
+3.0% gap
HST
12.3%
9.3%
ZBH
Higher net margin
ZBH
ZBH
3.0% more per $
ZBH
11.4%
8.4%
HST
More free cash flow
HST
HST
$199.1M more FCF
HST
$445.0M
$245.9M
ZBH
Faster 2-yr revenue CAGR
HST
HST
Annualised
HST
4.4%
3.7%
ZBH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HST
HST
ZBH
ZBH
Revenue
$1.6B
$2.1B
Net Profit
$135.0M
$238.3M
Gross Margin
64.6%
Operating Margin
12.0%
17.9%
Net Margin
8.4%
11.4%
Revenue YoY
12.3%
9.3%
Net Profit YoY
25.0%
30.5%
EPS (diluted)
$0.20
$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
HST
HST
ZBH
ZBH
Q1 26
$2.1B
Q4 25
$1.6B
$2.2B
Q3 25
$1.3B
$2.0B
Q2 25
$1.6B
$2.1B
Q1 25
$1.6B
$1.9B
Q4 24
$1.4B
$2.0B
Q3 24
$1.3B
$1.8B
Q2 24
$1.5B
$1.9B
Net Profit
HST
HST
ZBH
ZBH
Q1 26
$238.3M
Q4 25
$135.0M
$139.4M
Q3 25
$161.0M
$230.9M
Q2 25
$221.0M
$152.8M
Q1 25
$248.0M
$182.0M
Q4 24
$108.0M
$239.5M
Q3 24
$82.0M
$249.1M
Q2 24
$239.0M
$242.8M
Gross Margin
HST
HST
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
HST
HST
ZBH
ZBH
Q1 26
17.9%
Q4 25
12.0%
6.9%
Q3 25
7.6%
17.6%
Q2 25
17.5%
14.4%
Q1 25
17.9%
15.3%
Q4 24
11.0%
19.2%
Q3 24
10.2%
15.3%
Q2 24
19.9%
18.1%
Net Margin
HST
HST
ZBH
ZBH
Q1 26
11.4%
Q4 25
8.4%
6.2%
Q3 25
12.1%
11.5%
Q2 25
13.9%
7.4%
Q1 25
15.6%
9.5%
Q4 24
7.6%
11.8%
Q3 24
6.2%
13.7%
Q2 24
16.3%
12.5%
EPS (diluted)
HST
HST
ZBH
ZBH
Q1 26
$1.22
Q4 25
$0.20
$0.71
Q3 25
$0.23
$1.16
Q2 25
$0.32
$0.77
Q1 25
$0.35
$0.91
Q4 24
$0.15
$1.18
Q3 24
$0.12
$1.23
Q2 24
$0.34
$1.18

Balance Sheet & Financial Strength

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

Metric
HST
HST
ZBH
ZBH
Cash + ST InvestmentsLiquidity on hand
$768.0M
$424.2M
Total DebtLower is stronger
$1.3B
$7.5B
Stockholders' EquityBook value
$6.6B
$12.7B
Total Assets
$13.0B
$22.7B
Debt / EquityLower = less leverage
0.19×
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HST
HST
ZBH
ZBH
Q1 26
$424.2M
Q4 25
$768.0M
$591.9M
Q3 25
$539.0M
$1.3B
Q2 25
$490.0M
$556.9M
Q1 25
$428.0M
$1.4B
Q4 24
$554.0M
$525.5M
Q3 24
$564.0M
$569.0M
Q2 24
$805.0M
$420.1M
Total Debt
HST
HST
ZBH
ZBH
Q1 26
$7.5B
Q4 25
$1.3B
Q3 25
Q2 25
Q1 25
Q4 24
$896.0M
Q3 24
Q2 24
Stockholders' Equity
HST
HST
ZBH
ZBH
Q1 26
$12.7B
Q4 25
$6.6B
$12.7B
Q3 25
$6.7B
$12.8B
Q2 25
$6.6B
$12.5B
Q1 25
$6.7B
$12.4B
Q4 24
$6.6B
$12.5B
Q3 24
$6.7B
$12.4B
Q2 24
$6.8B
$12.7B
Total Assets
HST
HST
ZBH
ZBH
Q1 26
$22.7B
Q4 25
$13.0B
$23.1B
Q3 25
$13.0B
$23.5B
Q2 25
$13.0B
$22.9B
Q1 25
$12.9B
$22.2B
Q4 24
$13.0B
$21.4B
Q3 24
$13.1B
$21.7B
Q2 24
$12.4B
$21.5B
Debt / Equity
HST
HST
ZBH
ZBH
Q1 26
0.59×
Q4 25
0.19×
Q3 25
Q2 25
Q1 25
Q4 24
0.14×
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
HST
HST
ZBH
ZBH
Operating Cash FlowLast quarter
$543.0M
$359.4M
Free Cash FlowOCF − Capex
$445.0M
$245.9M
FCF MarginFCF / Revenue
27.8%
11.8%
Capex IntensityCapex / Revenue
6.1%
Cash ConversionOCF / Net Profit
4.02×
1.51×
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HST
HST
ZBH
ZBH
Q1 26
$359.4M
Q4 25
$543.0M
$517.4M
Q3 25
$218.0M
$418.7M
Q2 25
$444.0M
$378.2M
Q1 25
$305.0M
$382.8M
Q4 24
$331.0M
$506.3M
Q3 24
$349.0M
$395.7M
Q2 24
$453.0M
$369.4M
Free Cash Flow
HST
HST
ZBH
ZBH
Q1 26
$245.9M
Q4 25
$445.0M
$442.6M
Q3 25
$143.0M
$363.7M
Q2 25
$381.0M
$328.1M
Q1 25
$259.0M
$338.2M
Q4 24
$235.0M
$454.8M
Q3 24
$262.0M
$351.2M
Q2 24
$409.0M
$316.7M
FCF Margin
HST
HST
ZBH
ZBH
Q1 26
11.8%
Q4 25
27.8%
19.7%
Q3 25
10.7%
18.2%
Q2 25
24.0%
15.8%
Q1 25
16.2%
17.7%
Q4 24
16.5%
22.5%
Q3 24
19.9%
19.3%
Q2 24
27.9%
16.3%
Capex Intensity
HST
HST
ZBH
ZBH
Q1 26
Q4 25
6.1%
3.3%
Q3 25
5.6%
2.7%
Q2 25
4.0%
2.4%
Q1 25
2.9%
2.3%
Q4 24
6.7%
2.5%
Q3 24
6.6%
2.4%
Q2 24
3.0%
2.7%
Cash Conversion
HST
HST
ZBH
ZBH
Q1 26
1.51×
Q4 25
4.02×
3.71×
Q3 25
1.35×
1.81×
Q2 25
2.01×
2.48×
Q1 25
1.23×
2.10×
Q4 24
3.06×
2.11×
Q3 24
4.26×
1.59×
Q2 24
1.90×
1.52×

Financial Flow Comparison

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

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