Globus Medical (GMED)

Net 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
Net income (ttm)	US$ in thousands	122,873	157,904	204,337	201,215	190,170	155,211	154,991	141,946	149,191	187,042	184,047	121,665	102,285	94,858	88,949	147,949	155,210	146,431	143,332	150,146
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
Net profit margin		7.83%	12.87%	18.63%	18.82%	18.59%	15.55%	15.91%	14.77%	15.57%	19.87%	19.83%	14.73%	12.96%	12.36%	11.90%	18.66%	19.76%	19.03%	19.30%	20.81%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $122,873K ÷ $1,568,476K
= 7.83%

The net profit margin of Globus Medical Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the net profit margin was 7.83%, which represents a decrease compared to the previous quarter (Q3 2023) where it stood at 12.87%. The lowest net profit margin in recent quarters was observed in Q2 2023 at 18.63%, followed by a slight decrease to 18.82% in Q1 2023.

Comparing the most recent quarter (Q4 2023) with the same quarter in the previous year (Q4 2022), the net profit margin has slightly decreased from 18.59% to 7.83%. However, it is important to note that the company has generally maintained a healthy net profit margin above 15% in the past quarters, indicating efficient cost management and profitability in its operations.

Further trend analysis is recommended to identify any underlying factors contributing to the fluctuations in the net profit margin of Globus Medical Inc over time.