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 | ||
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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