Globus Medical (GMED)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	122,873	190,169	149,191	102,285	155,210
Revenue	US$ in thousands	1,568,480	1,022,840	958,102	789,042	785,368
Net profit margin		7.83%	18.59%	15.57%	12.96%	19.76%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $122,873K ÷ $1,568,480K
= 7.83%

The net profit margin of Globus Medical Inc has shown fluctuating trends over the past five years, ranging from 12.96% in 2020 to 19.76% in 2019. The margin decreased to 15.57% in 2021 before further declining to 18.59% in 2022 and significantly dropping to 7.83% in 2023. This downward trend may indicate challenges in maintaining profitability or controlling costs. Further investigation into the company's financial performance and operational efficiency is recommended to understand the factors contributing to the variations in the net profit margin.