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Side-by-side financial comparison of News Corp (Class A) (NWSA) and Zimmer Biomet (ZBH). Click either name above to swap in a different company.

News Corp (Class A) is the larger business by last-quarter revenue ($2.4B vs $2.1B, roughly 1.1× Zimmer Biomet). Zimmer Biomet runs the higher net margin — 11.4% vs 8.2%, a 3.2% gap on every dollar of revenue. On growth, Zimmer Biomet posted the faster year-over-year revenue change (9.3% vs 5.5%). Zimmer Biomet produced more free cash flow last quarter ($245.9M vs $132.0M). Over the past eight quarters, Zimmer Biomet's revenue compounded faster (3.7% CAGR vs -1.3%).

News is information about current events. This may be provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, or through the testimony of observers and witnesses to events. News is sometimes called "hard news" to differentiate it from soft media.

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.

NWSA vs ZBH — Head-to-Head

Bigger by revenue
NWSA
NWSA
1.1× larger
NWSA
$2.4B
$2.1B
ZBH
Growing faster (revenue YoY)
ZBH
ZBH
+3.8% gap
ZBH
9.3%
5.5%
NWSA
Higher net margin
ZBH
ZBH
3.2% more per $
ZBH
11.4%
8.2%
NWSA
More free cash flow
ZBH
ZBH
$113.9M more FCF
ZBH
$245.9M
$132.0M
NWSA
Faster 2-yr revenue CAGR
ZBH
ZBH
Annualised
ZBH
3.7%
-1.3%
NWSA

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
NWSA
NWSA
ZBH
ZBH
Revenue
$2.4B
$2.1B
Net Profit
$193.0M
$238.3M
Gross Margin
64.6%
Operating Margin
17.9%
Net Margin
8.2%
11.4%
Revenue YoY
5.5%
9.3%
Net Profit YoY
-10.2%
30.5%
EPS (diluted)
$0.34
$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
NWSA
NWSA
ZBH
ZBH
Q1 26
$2.1B
Q4 25
$2.4B
$2.2B
Q3 25
$2.1B
$2.0B
Q2 25
$1.6B
$2.1B
Q1 25
$2.0B
$1.9B
Q4 24
$2.2B
$2.0B
Q3 24
$2.6B
$1.8B
Q2 24
$2.6B
$1.9B
Net Profit
NWSA
NWSA
ZBH
ZBH
Q1 26
$238.3M
Q4 25
$193.0M
$139.4M
Q3 25
$112.0M
$230.9M
Q2 25
$743.0M
$152.8M
Q1 25
$103.0M
$182.0M
Q4 24
$215.0M
$239.5M
Q3 24
$119.0M
$249.1M
Q2 24
$50.0M
$242.8M
Gross Margin
NWSA
NWSA
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
NWSA
NWSA
ZBH
ZBH
Q1 26
17.9%
Q4 25
6.9%
Q3 25
17.6%
Q2 25
8.5%
14.4%
Q1 25
7.5%
15.3%
Q4 24
19.2%
19.2%
Q3 24
7.9%
15.3%
Q2 24
4.3%
18.1%
Net Margin
NWSA
NWSA
ZBH
ZBH
Q1 26
11.4%
Q4 25
8.2%
6.2%
Q3 25
5.2%
11.5%
Q2 25
45.6%
7.4%
Q1 25
5.1%
9.5%
Q4 24
9.6%
11.8%
Q3 24
4.6%
13.7%
Q2 24
1.9%
12.5%
EPS (diluted)
NWSA
NWSA
ZBH
ZBH
Q1 26
$1.22
Q4 25
$0.34
$0.71
Q3 25
$0.20
$1.16
Q2 25
$1.30
$0.77
Q1 25
$0.18
$0.91
Q4 24
$0.38
$1.18
Q3 24
$0.21
$1.23
Q2 24
$0.09
$1.18

Balance Sheet & Financial Strength

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

Metric
NWSA
NWSA
ZBH
ZBH
Cash + ST InvestmentsLiquidity on hand
$2.1B
$424.2M
Total DebtLower is stronger
$2.0B
$7.5B
Stockholders' EquityBook value
$8.8B
$12.7B
Total Assets
$15.5B
$22.7B
Debt / EquityLower = less leverage
0.22×
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NWSA
NWSA
ZBH
ZBH
Q1 26
$424.2M
Q4 25
$2.1B
$591.9M
Q3 25
$2.2B
$1.3B
Q2 25
$2.4B
$556.9M
Q1 25
$2.1B
$1.4B
Q4 24
$1.8B
$525.5M
Q3 24
$1.8B
$569.0M
Q2 24
$2.0B
$420.1M
Total Debt
NWSA
NWSA
ZBH
ZBH
Q1 26
$7.5B
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$2.9B
Q2 24
$2.9B
Stockholders' Equity
NWSA
NWSA
ZBH
ZBH
Q1 26
$12.7B
Q4 25
$8.8B
$12.7B
Q3 25
$8.7B
$12.8B
Q2 25
$8.8B
$12.5B
Q1 25
$8.2B
$12.4B
Q4 24
$8.1B
$12.5B
Q3 24
$8.3B
$12.4B
Q2 24
$8.1B
$12.7B
Total Assets
NWSA
NWSA
ZBH
ZBH
Q1 26
$22.7B
Q4 25
$15.5B
$23.1B
Q3 25
$15.3B
$23.5B
Q2 25
$15.5B
$22.9B
Q1 25
$16.6B
$22.2B
Q4 24
$16.2B
$21.4B
Q3 24
$16.9B
$21.7B
Q2 24
$16.7B
$21.5B
Debt / Equity
NWSA
NWSA
ZBH
ZBH
Q1 26
0.59×
Q4 25
0.22×
Q3 25
0.22×
Q2 25
0.22×
Q1 25
0.24×
Q4 24
0.24×
Q3 24
0.35×
Q2 24
0.36×

Cash Flow & Capital Efficiency

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

Metric
NWSA
NWSA
ZBH
ZBH
Operating Cash FlowLast quarter
$231.0M
$359.4M
Free Cash FlowOCF − Capex
$132.0M
$245.9M
FCF MarginFCF / Revenue
5.6%
11.8%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
1.20×
1.51×
TTM Free Cash FlowTrailing 4 quarters
$586.0M
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NWSA
NWSA
ZBH
ZBH
Q1 26
$359.4M
Q4 25
$231.0M
$517.4M
Q3 25
$85.0M
$418.7M
Q2 25
$189.0M
$378.2M
Q1 25
$511.0M
$382.8M
Q4 24
$252.0M
$506.3M
Q3 24
$64.0M
$395.7M
Q2 24
$254.0M
$369.4M
Free Cash Flow
NWSA
NWSA
ZBH
ZBH
Q1 26
$245.9M
Q4 25
$132.0M
$442.6M
Q3 25
$4.0M
$363.7M
Q2 25
$32.0M
$328.1M
Q1 25
$418.0M
$338.2M
Q4 24
$190.0M
$454.8M
Q3 24
$-31.0M
$351.2M
Q2 24
$111.0M
$316.7M
FCF Margin
NWSA
NWSA
ZBH
ZBH
Q1 26
11.8%
Q4 25
5.6%
19.7%
Q3 25
0.2%
18.2%
Q2 25
2.0%
15.8%
Q1 25
20.8%
17.7%
Q4 24
8.5%
22.5%
Q3 24
-1.2%
19.3%
Q2 24
4.3%
16.3%
Capex Intensity
NWSA
NWSA
ZBH
ZBH
Q1 26
Q4 25
4.2%
3.3%
Q3 25
3.8%
2.7%
Q2 25
9.6%
2.4%
Q1 25
4.6%
2.3%
Q4 24
2.8%
2.5%
Q3 24
3.7%
2.4%
Q2 24
5.5%
2.7%
Cash Conversion
NWSA
NWSA
ZBH
ZBH
Q1 26
1.51×
Q4 25
1.20×
3.71×
Q3 25
0.76×
1.81×
Q2 25
0.25×
2.48×
Q1 25
4.96×
2.10×
Q4 24
1.17×
2.11×
Q3 24
0.54×
1.59×
Q2 24
5.08×
1.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NWSA
NWSA

Book Publishing Segment$633.0M27%
Consumer$607.0M26%
News And Information Services Segment$570.0M24%
Real Estate$401.0M17%
Other Product Or Service$173.0M7%

ZBH
ZBH

Segment breakdown not available.

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