Globus Medical (GMED)
Gross profit margin
Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
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Gross profit (ttm) | US$ in thousands | 1,020,302 | 873,161 | 813,563 | 793,599 | 759,118 | 743,436 | 725,952 | 717,944 | 718,879 | 703,240 | 691,074 | 602,183 | 571,579 | 561,900 | 553,727 | 605,997 | 605,393 | 592,470 | 573,029 | 558,227 |
Revenue (ttm) | US$ in thousands | 1,568,476 | 1,226,440 | 1,096,949 | 1,068,982 | 1,022,843 | 998,366 | 973,939 | 961,307 | 958,102 | 941,526 | 927,903 | 825,809 | 789,042 | 767,264 | 747,381 | 792,998 | 785,368 | 769,639 | 742,660 | 721,505 |
Gross profit margin | 65.05% | 71.19% | 74.17% | 74.24% | 74.22% | 74.47% | 74.54% | 74.68% | 75.03% | 74.69% | 74.48% | 72.92% | 72.44% | 73.23% | 74.09% | 76.42% | 77.08% | 76.98% | 77.16% | 77.37% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,020,302K ÷ $1,568,476K
= 65.05%
Globus Medical Inc's gross profit margin has shown a varying trend over the past eight quarters. The margin decreased from 74.68% in Q1 2022 to 65.05% in Q4 2023, indicating a decline in profitability in the most recent quarter. However, it is worth noting that the gross profit margin was relatively stable at around 74-75% for the majority of the periods analyzed.
The fluctuations in the gross profit margin may be attributable to changes in the cost of goods sold, pricing strategies, or product mix. It is essential for the company to closely monitor and manage its cost structure to ensure sustainable profitability levels.
Additionally, further analysis of the factors impacting gross profit margin, such as operational efficiency, pricing dynamics, and cost management, would provide a more comprehensive understanding of Globus Medical Inc's financial performance.
Peer comparison
Dec 31, 2023