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Side-by-side financial comparison of W. R. Berkley Corporation (WRB) and Zimmer Biomet (ZBH). Click either name above to swap in a different company.

W. R. Berkley Corporation is the larger business by last-quarter revenue ($3.7B vs $2.1B, roughly 1.8× Zimmer Biomet). W. R. Berkley Corporation runs the higher net margin — 14.0% vs 11.4%, a 2.5% gap on every dollar of revenue. On growth, Zimmer Biomet posted the faster year-over-year revenue change (9.3% vs 4.0%). Over the past eight quarters, W. R. Berkley Corporation's revenue compounded faster (5.5% CAGR vs 3.7%).

William Robert Berkley is the founder and current chairman of W. R. Berkley Corporation and the chairman of the New York University Board of Trustees.

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.

WRB vs ZBH — Head-to-Head

Bigger by revenue
WRB
WRB
1.8× larger
WRB
$3.7B
$2.1B
ZBH
Growing faster (revenue YoY)
ZBH
ZBH
+5.3% gap
ZBH
9.3%
4.0%
WRB
Higher net margin
WRB
WRB
2.5% more per $
WRB
14.0%
11.4%
ZBH
Faster 2-yr revenue CAGR
WRB
WRB
Annualised
WRB
5.5%
3.7%
ZBH

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
WRB
WRB
ZBH
ZBH
Revenue
$3.7B
$2.1B
Net Profit
$515.2M
$238.3M
Gross Margin
64.6%
Operating Margin
17.9%
Net Margin
14.0%
11.4%
Revenue YoY
4.0%
9.3%
Net Profit YoY
30.5%
EPS (diluted)
$1.31
$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
WRB
WRB
ZBH
ZBH
Q1 26
$3.7B
$2.1B
Q4 25
$3.7B
$2.2B
Q3 25
$3.8B
$2.0B
Q2 25
$3.7B
$2.1B
Q1 25
$3.5B
$1.9B
Q4 24
$3.7B
$2.0B
Q3 24
$3.4B
$1.8B
Q2 24
$3.3B
$1.9B
Net Profit
WRB
WRB
ZBH
ZBH
Q1 26
$515.2M
$238.3M
Q4 25
$449.5M
$139.4M
Q3 25
$511.0M
$230.9M
Q2 25
$401.3M
$152.8M
Q1 25
$417.6M
$182.0M
Q4 24
$576.1M
$239.5M
Q3 24
$365.6M
$249.1M
Q2 24
$371.9M
$242.8M
Gross Margin
WRB
WRB
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
WRB
WRB
ZBH
ZBH
Q1 26
17.9%
Q4 25
15.4%
6.9%
Q3 25
17.2%
17.6%
Q2 25
14.2%
14.4%
Q1 25
15.2%
15.3%
Q4 24
19.9%
19.2%
Q3 24
14.0%
15.3%
Q2 24
14.7%
18.1%
Net Margin
WRB
WRB
ZBH
ZBH
Q1 26
14.0%
11.4%
Q4 25
12.1%
6.2%
Q3 25
13.6%
11.5%
Q2 25
10.9%
7.4%
Q1 25
11.8%
9.5%
Q4 24
15.7%
11.8%
Q3 24
10.8%
13.7%
Q2 24
11.2%
12.5%
EPS (diluted)
WRB
WRB
ZBH
ZBH
Q1 26
$1.31
$1.22
Q4 25
$1.13
$0.71
Q3 25
$1.28
$1.16
Q2 25
$1.00
$0.77
Q1 25
$1.04
$0.91
Q4 24
$0.89
$1.18
Q3 24
$0.91
$1.23
Q2 24
$0.92
$1.18

Balance Sheet & Financial Strength

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

Metric
WRB
WRB
ZBH
ZBH
Cash + ST InvestmentsLiquidity on hand
$2.1B
$424.2M
Total DebtLower is stronger
$7.5B
Stockholders' EquityBook value
$12.7B
Total Assets
$44.3B
$22.7B
Debt / EquityLower = less leverage
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
WRB
WRB
ZBH
ZBH
Q1 26
$2.1B
$424.2M
Q4 25
$2.5B
$591.9M
Q3 25
$2.4B
$1.3B
Q2 25
$2.0B
$556.9M
Q1 25
$1.7B
$1.4B
Q4 24
$2.0B
$525.5M
Q3 24
$1.6B
$569.0M
Q2 24
$1.6B
$420.1M
Total Debt
WRB
WRB
ZBH
ZBH
Q1 26
$7.5B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
WRB
WRB
ZBH
ZBH
Q1 26
$12.7B
Q4 25
$9.7B
$12.7B
Q3 25
$9.8B
$12.8B
Q2 25
$9.3B
$12.5B
Q1 25
$8.9B
$12.4B
Q4 24
$8.4B
$12.5B
Q3 24
$8.4B
$12.4B
Q2 24
$7.8B
$12.7B
Total Assets
WRB
WRB
ZBH
ZBH
Q1 26
$44.3B
$22.7B
Q4 25
$44.1B
$23.1B
Q3 25
$43.7B
$23.5B
Q2 25
$42.7B
$22.9B
Q1 25
$41.3B
$22.2B
Q4 24
$40.6B
$21.4B
Q3 24
$40.4B
$21.7B
Q2 24
$38.9B
$21.5B
Debt / Equity
WRB
WRB
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
WRB
WRB
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
WRB
WRB
ZBH
ZBH
Q1 26
$359.4M
Q4 25
$995.1M
$517.4M
Q3 25
$1.1B
$418.7M
Q2 25
$703.8M
$378.2M
Q1 25
$743.8M
$382.8M
Q4 24
$810.0M
$506.3M
Q3 24
$1.2B
$395.7M
Q2 24
$881.3M
$369.4M
Free Cash Flow
WRB
WRB
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
WRB
WRB
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
WRB
WRB
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
WRB
WRB
ZBH
ZBH
Q1 26
1.51×
Q4 25
2.21×
3.71×
Q3 25
2.23×
1.81×
Q2 25
1.75×
2.48×
Q1 25
1.78×
2.10×
Q4 24
1.41×
2.11×
Q3 24
3.39×
1.59×
Q2 24
2.37×
1.52×

Financial Flow Comparison

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

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