greeksoup/ stock research
Stock research / United States / GMED · Surgical & Medical Instruments & Apparatus · NYSE

Globus Medical Inc. (GMED)

Compare with another name

Globus Medical Inc. (GMED) reported revenue of $790 million for Q2 FY2026, the quarter ended 30 June 2026, up 5.9% on the same quarter a year earlier. Net income was $152 million, down 25.3% on the year, and diluted earnings per share $1.10. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$790 millionup 5.9%
Net income$152 milliondown 25.3%
Diluted EPS$1.10
QuarterQ2 FY2026ended 30 June 2026

Globus Medical (GMED) in brief

Globus Medical (GMED) reported revenue of $2.9 billion for fiscal 2025, the year ended 31 December 2025, up 16.7% on the year before.
Read moreNet income was $538 million and diluted earnings per share $3.92. Revenue was $2.5 billion in fiscal 2024, $1.6 billion in fiscal 2023, $1.0 billion in fiscal 2022 and $958 million in fiscal 2021. Net income in the same years was $103 million, $123 million, $190 million and $149 million. Over the twelve months to 30 June 2026, Globus Medical reported revenue of $3.1 billion and net income of $535 million. Revenue grew 30.1% a year, compounded, over the five years to fiscal 2025. Globus Medical had 134 million shares outstanding at the latest filed count. At 30 June 2026 it carried $0 million of debt and $508 million of cash. At the close of 8 October 2026 the market cap of Globus Medical was $9.8 billion, 18.8 times its earnings over the last twelve months.

Ratios

From the filings

ROE11.2%
ROCE13.4%
Operating margin20.3%
Net margin17.0%
FCF margin24.0%
Interest covern/a
Debt to equity0.00
Cash conversion1.70
Share count, 1 year-0.6%
Sales CAGR, 3 years42.2%
Profit CAGR, 3 years41.4%
EPS, TTM$3.91

At the close of 8 October 2026

Price$73.33
Market cap$9.8 billion
Stock P/E18.75
Price to book2.06
EV / EBITDA10.15
Dividend yieldn/a
Market cap / sales3.13
52-week high$96.82
52-week low$56.57
Price, 1 year21.4%
Price CAGR, 3 years11.3%
Price CAGR, 5 years-0.7%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Globus Medical Inc.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
GMEDgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on GMED

Filings14 in twelve months: 7 current reports (8-K), about 5 results of operations; 2 officer or director change; 1 shareholder vote; 1 regulation fd disclosure
Planned insider sales15 Form 144 notices in twelve months, $20.3 million; latest 15 September 2026
Options tapeput/call 0.28 by open interest at the 8 October 2026 close; the straddle prices a 3.7% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 2 Schedule 13D or 13G filings in twelve months
Insider trading14 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest6.8 million shares short, 4.60 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024 †Q3 FY2024 †Q4 FY2024 *Q1 FY2025 †Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue384617607630626657598745769826760790
Cost of revenue135265241260271263195249253261234241
Gross profit248351365370355394403497517565526548
Gross margin65%57%60%59%57%60%67%67%67%68%69%69%
R&D29.352.357.337.735.433.433.140.038.136.236.536.3
SG&A156245249239240253243304314318298287
Operating income0.410.18.049.648.160.397.076.1137169150182
Operating margin0%2%1%8%8%9%16%10%18%20%20%23%
Pre-tax income2.525.0-8.647.657.024.7104188144169157190
Tax rate61%40%n/a33%9%-7%27%-8%17%17%21%20%
Net income1.015.0-7.131.851.826.575.5203119141124152
Net margin0%2%-1%5%8%4%13%27%15%17%16%19%
Diluted EPS$0.01$0.11-$0.05$0.23$0.38$0.19$0.54$1.49$0.88$1.03$0.90$1.10
Operating cash flow50.510552.454.320421017777.9250249202210
Capital expenditure21.522.928.627.842.017.136.146.635.846.239.633.2
Free cash flow28.981.823.826.516219314131.3214202163177
Buybacksn/an/a83.31.50.01.019025.040.045.00.0136
Shares outstanding138m135m135m135m136m138m135m135m134m135m136m134m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023 †FY2024 †FY2025TTM
Revenue4745455646367137857899581,0231,5682,5192,9393,145
Cost of revenue1111321351501591802172392645481,035958989
Gross profit3644124294865546055727197591,0201,4841,9812,156
Gross margin76.6%75.6%76.1%76.3%77.6%77.1%72.4%75.0%74.2%65.1%58.9%67.4%68.5%
Research and development31.236.344.543.755.560.184.597.373.0124164147147
Selling, general and administrative1892102222683123553554084326439811,1781,217
Operating income138172154162169172111172228133166480640
Operating margin29.2%31.6%27.3%25.4%23.7%21.9%14.1%17.9%22.3%8.5%6.6%16.3%20.3%
Pre-tax income139173157170189190126180243165121605660
Income tax46.260.052.962.632.134.723.631.252.942.517.767.2125
Effective tax rate33.3%34.7%33.7%36.8%17.0%18.3%18.8%17.3%21.7%25.7%14.7%11.1%18.9%
Net income92.5113104107156155102149190123103538535
Net margin19.5%20.7%18.5%16.9%21.9%19.8%13.0%15.6%18.6%7.8%4.1%18.3%17.0%
Diluted EPS$0.97$1.17$1.08$1.10$1.54$1.52$1.01$1.44$1.85$1.07$0.75$3.92$3.91
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Musculoskeletal Solutions1,4482,3652,79895.2%
Enabling Technologies1201541414.8%
Musculoskeletal SolutionsEnabling Technologies
1,568FY20232,519FY20242,939FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States1,2802,0002,36880.6%
International28951957119.4%
United StatesInternational
1,568FY20232,519FY20242,939FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023 †FY2024 †FY2025TTM
Operating cash flow79.2124148159182172199276178243521753910
Capital expenditure24.850.840.951.359.770.863.756.974.078.3115165155
Free cash flow54.473.2107108122101135219104165405589756
Free cash flow margin11.5%13.4%19.0%16.9%17.1%12.9%17.1%22.9%10.2%10.5%16.1%20.0%24.0%
Cash from investing-100-153-163-111-193-140-117-376-110303-176-355-499
Cash from financing12.94.30.51.632.624.4-38.754.1-110-232-27.7-679-135
Depreciation and amortisation21.824.138.842.141.652.762.969.968.3146253277280
Share-based compensation7.19.611.414.721.926.127.130.632.852.754.249.849.0
Buybacksn/an/an/an/an/an/a105n/a14422685.8300221
Diluted shares, weighted95m96m96m98m101m102m101m104m103m115m138m137m137m
Shares outstanding at period end95m95m96m97m99m100mn/an/an/an/an/an/a134m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity5857158329681,1861,4021,5061,7411,8463,9984,1774,5734,769
Debtn/an/an/an/an/an/an/an/a0.04174430.00.0
Operating lease liabilitiesn/an/an/an/an/a1.12.92.93.591.083.610496.8
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/a0.30.30.40.4
Other liabilities11811995.6111115128170213226579547625622
Total liabilities and equity7048349281,0791,3011,5321,6791,9572,0765,0865,2525,3035,488
Owned
Fixed assets69.5115124143172200217221244587562564534
Goodwill53.292.01061241241291571801971,4351,4321,4351,438
Intangible assets34.533.261.778.787.378.886.968.763.6925795745693
Investments222270284311463525546813791126172103333
Cash and equivalents82.357.767.0119140195239193150467784526508
Receivables75.477.792.0117137154142164213503558679692
Inventory90.9105113108131196229237299848659759811
Other assets75.983.980.377.946.753.362.880.5117195289491480
Total assets7048349281,0791,3011,5321,6791,9572,0765,0865,2525,3035,488
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded18.4%30.1%42.2%19.7%
Profit growth, compounded16.9%39.4%41.4%50.1%
Return on equity, average9.1%7.2%5.8%11.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Medical Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Stryker Corp. SYK$106.2 billion28.7015.5%21.4%8.5%0.621.3%
3M Co. MMM$84.4 billion29.06101.5%18.4%2.3%3.691.8%
Boston Scientific Corp. BSX$60.9 billion17.0214.7%19.8%13.5%0.44n/a
Becton Dickinson & Co. BDX$49.8 billion55.053.9%9.6%-2.6%0.552.3%
Resmed Inc. RMD$32.7 billion21.7423.1%33.4%9.9%0.101.1%
Dexcom Inc. DXCM$31.9 billion33.3638.1%22.9%15.5%0.47n/a
West Pharmaceutical Services Inc. WST$25.6 billion46.5118.9%20.5%12.4%0.070.2%
Solventum Corp. SOLV$14.6 billion10.5029.9%25.0%-0.9%1.06n/a
Penumbra Inc. PEN$12.5 billion78.0110.5%12.4%17.6%0.00n/a
Baxter International Inc. BAX$12.4 billionn/a-17.1%-2.4%5.4%1.522.2%
Globus Medical Inc. GMED$9.8 billion18.7511.2%20.3%19.7%0.00n/a
Insulet Corp. PODD$9.3 billion25.1326.4%16.9%29.4%0.65n/a
All 27 in Medical Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Intuitive Surgical Inc. ISRG$147.0 billion47.5817.3%31.3%20.7%0.00n/a
Medtronic plc MDT$112.3 billion21.6110.4%18.1%9.8%0.513.2%
Stryker Corp. SYK$106.2 billion28.7015.5%21.4%8.5%0.621.3%
3M Co. MMM$84.4 billion29.06101.5%18.4%2.3%3.691.8%
Boston Scientific Corp. BSX$60.9 billion17.0214.7%19.8%13.5%0.44n/a
Becton Dickinson & Co. BDX$49.8 billion55.053.9%9.6%-2.6%0.552.3%
Edwards Lifesciences Corp. EW$48.6 billion48.419.5%22.3%14.6%0.06n/a
Resmed Inc. RMD$32.7 billion21.7423.1%33.4%9.9%0.101.1%
Dexcom Inc. DXCM$31.9 billion33.3638.1%22.9%15.5%0.47n/a
GE HealthCare Technologies Inc. GEHC$29.2 billion14.7318.1%12.9%6.5%0.920.2%
West Pharmaceutical Services Inc. WST$25.6 billion46.5118.9%20.5%12.4%0.070.2%
Koninklijke Philips N.V. PHG *$23.4 billion23.218.2%8.0%-1.0%0.741.6%
Steris plc STE$20.5 billion25.7711.2%18.9%8.4%0.261.2%
Zimmer Biomet Holdings, Inc. ZBH$17.0 billion21.576.4%14.2%8.6%0.501.1%
Solventum Corp. SOLV$14.6 billion10.5029.9%25.0%-0.9%1.06n/a
Penumbra Inc. PEN$12.5 billion78.0110.5%12.4%17.6%0.00n/a
Baxter International Inc. BAX$12.4 billionn/a-17.1%-2.4%5.4%1.522.2%
Smith & Nephew plc SNN *$11.8 billion18.8311.8%12.9%6.1%0.592.8%
Cooper Companies, Inc. COO$10.3 billion18.536.8%12.8%4.7%0.310.0%
Align Technology Inc. ALGN$10.0 billion24.539.8%13.2%4.4%0.00n/a
Globus Medical Inc. GMED$9.8 billion18.7511.2%20.3%19.7%0.00n/a
Insulet Corp. PODD$9.3 billion25.1326.4%16.9%29.4%0.65n/a
MSA Safety Inc. MSA$6.9 billion22.1522.4%21.2%6.5%0.431.2%
Haemonetics Corp. HAE$5.4 billion58.5611.5%11.9%0.4%1.42n/a
LivaNova plc LIVN$4.2 billion22.4614.2%12.7%12.4%0.22n/a
Envista Holdings Corp. NVST$3.6 billion39.173.1%9.6%11.9%0.47n/a
Dentsply Sirona Inc. XRAY$1.7 billionn/a-40.4%-8.5%-0.8%1.487.4%
12 companies share its SEC industry code (Surgical & Medical Instruments & Apparatus); the rest are the names nearest in size in its wider industry, Medical Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q30 September 20245 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20247 May 2024EDGAR

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install