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.


Peer comparison

Dec 31, 2023