GLOBUS MEDICAL INC GMED
Globus Medical, Inc. (together, as applicable, with its consolidated subsidiaries, "Globus," the "Company," "we," "us" or "our"), headquartered in Audubon, Pennsylvania, is a medical device company that develops and commercializes healthcare solutions whose mission is to improve the quality of life of patients with musculoskeletal disorders. Founded in 2003, Globus is committed to medical device innovation and delivering exceptional service to hospitals, ambulatory surgery centers and physicians to advance patient care and improve efficiency. Since inception, Globus has listened to the voice of the surgeon to develop practical solutions and products to help surgeons effectively treat patients and improve lives.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.94B | $2.52B | $1.57B | $1.02B | $958.1M | $789.0M | $785.4M | $713.0M | $636.0M | $564.0M |
| Cost of revenue | $957.8M | $1.04B | $548.2M | $263.7M | $239.2M | $217.5M | $180.0M | $159.4M | $150.5M | $134.7M |
| Gross profit | $1.98B | $1.48B | $1.02B | $759.1M | $718.9M | $571.6M | $605.4M | $553.6M | $485.5M | $429.3M |
| R&D | $147.2M | $163.8M | $124.0M | $73.0M | $97.3M | $84.5M | $60.1M | $55.5M | $43.7M | $44.5M |
| SG&A | $1.18B | $981.4M | $643.8M | $432.1M | $408.1M | $354.8M | $354.8M | $311.6M | $267.8M | $222.2M |
| Total operating expenses | — | — | $887.2M | $531.2M | $546.9M | $460.1M | $433.4M | $384.2M | $323.7M | $275.1M |
| Operating income | $479.8M | $166.0M | $133.1M | $228.0M | $172.0M | $111.4M | $172.0M | $169.3M | $161.8M | $154.1M |
| Interest expense | — | $4.2M | $20.1M | $14.2M | $9.3M | $14.0M | $17.4M | $13.3M | $6.6M | $3.1M |
| Pre-tax income | $605.1M | $120.7M | $165.4M | $243.0M | $180.4M | $125.9M | $189.9M | $188.6M | $169.9M | $157.3M |
| Income tax | $67.2M | $17.7M | $42.5M | $52.9M | $31.2M | $23.6M | $34.7M | $32.1M | $62.6M | $52.9M |
| Net income | $537.9M | $103.0M | $122.9M | $190.2M | $149.2M | $102.3M | $155.2M | $156.5M | $107.3M | $104.3M |
| EPS, basic | 3.98 | 0.76 | 1.09 | 1.89 | 1.48 | 1.04 | 1.57 | 1.60 | 1.12 | 1.09 |
| EPS, diluted | 3.92 | 0.75 | 1.07 | 1.85 | 1.44 | 1.01 | 1.52 | 1.54 | 1.10 | 1.08 |
| Shares, diluted (wtd. avg.) | 137.1M | 137.9M | 114.6M | 102.6M | 103.6M | 101.0M | 102.0M | 101.3M | 97.9M | 96.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $526.2M | $784.4M | $467.3M | $150.5M | $193.1M | $239.4M | $195.7M | $139.7M | $118.8M | $67.0M |
| Short-term investments | $31.1M | $105.6M | $50.5M | $295.6M | $250.4M | $187.3M | $115.8M | $199.9M | — | — |
| Receivables | $678.9M | $557.7M | $503.2M | $213.2M | $164.4M | $141.7M | $154.3M | $137.1M | $116.7M | $92.0M |
| Inventory | $759.3M | $659.2M | $848.1M | $299.0M | $237.0M | $229.2M | $196.3M | $131.3M | $108.4M | $112.7M |
| Total current assets | $2.13B | $2.18B | $1.92B | $983.3M | $864.5M | $821.8M | $687.5M | $630.7M | $620.3M | $513.8M |
| Property, plant and equipment | $564.5M | $561.9M | $586.9M | $243.7M | $221.1M | $216.9M | $199.8M | $171.9M | $143.2M | $124.2M |
| Goodwill | $1.44B | $1.43B | $1.43B | $197.5M | $179.7M | $156.7M | $128.8M | $123.7M | $123.9M | $105.9M |
| Other intangibles | $745.1M | $795.1M | $924.6M | $63.6M | $68.7M | $86.9M | $78.8M | $87.3M | $78.7M | $61.7M |
| Total assets | $5.30B | $5.25B | $5.09B | $2.08B | $1.96B | $1.68B | $1.53B | $1.30B | $1.08B | $927.6M |
| Accounts payable | $98.9M | $75.1M | $56.7M | $36.1M | $22.0M | $18.2M | $24.6M | $25.9M | $25.0M | $17.5M |
| Total current liabilities | $498.5M | $855.9M | $392.3M | $159.2M | $140.2M | $120.8M | $111.4M | $96.1M | $93.1M | $79.9M |
| Total liabilities | $729.5M | $1.07B | $1.09B | $229.8M | $215.9M | $173.2M | $129.6M | $115.2M | $110.7M | $95.6M |
| Retained earnings | $1.39B | $1.15B | $1.14B | $1.24B | $1.19B | $1.05B | $1.05B | $892.7M | $736.2M | $628.9M |
| Total equity | $4.57B | $4.18B | $4.00B | $1.85B | $1.74B | $1.51B | $1.40B | $1.19B | $967.8M | $832.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $753.4M | $520.6M | $243.5M | $178.5M | $276.3M | $198.8M | $172.0M | $181.6M | $159.1M | $147.8M |
| Depreciation and amortisation | $276.8M | $253.4M | $145.5M | $68.3M | $69.9M | $62.9M | $52.7M | $41.6M | $42.1M | $38.8M |
| Stock-based compensation | $49.8M | $54.2M | $52.7M | $32.8M | $30.6M | $27.1M | $26.1M | $21.9M | $14.7M | $11.4M |
| Capital expenditure | $164.7M | $115.4M | $78.3M | $74.0M | $56.9M | $63.7M | $70.8M | $59.7M | $51.3M | $40.9M |
| Investing cash flow | -$355.0M | -$176.1M | $303.0M | -$110.4M | -$375.9M | -$117.3M | -$140.3M | -$193.0M | -$111.3M | -$162.7M |
| Financing cash flow | -$679.2M | -$27.7M | -$231.8M | -$110.0M | $54.1M | -$38.7M | $24.4M | $32.6M | $1.6M | $470.0K |
| Buybacks | $300.5M | $85.8M | $225.6M | $144.5M | — | $104.7M | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-027196.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $564.0M | $636.0M | $713.0M | $785.4M | $789.0M | $958.1M | $1.02B | $1.57B | $2.52B | $2.94B |
| Gross profit | $429.3M | $485.5M | $553.6M | $605.4M | $571.6M | $718.9M | $759.1M | $1.02B | $1.48B | $1.98B |
| Net income | $104.3M | $107.3M | $156.5M | $155.2M | $102.3M | $149.2M | $190.2M | $122.9M | $103.0M | $537.9M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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