Globus Medical (GMED)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 133,142 | 227,951 | 171,953 | 111,433 | 171,989 |
| Revenue | US$ in thousands | 1,568,480 | 1,022,840 | 958,102 | 789,042 | 785,368 |
| Operating profit margin | 8.49% | 22.29% | 17.95% | 14.12% | 21.90% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $133,142K ÷ $1,568,480K
= 8.49%
The operating profit margin of Globus Medical Inc has shown fluctuations over the past five years. In 2023, the operating profit margin decreased to 12.87% from the higher levels seen in the previous two years. This decline could indicate potential challenges in managing operating expenses relative to sales revenue or pricing pressures impacting profit margins. However, it is important to note that the company's operating profit margin has historically demonstrated variability, with notable fluctuations in performance. Further analysis of the underlying factors influencing these changes would be necessary to fully assess the company's operational efficiency and profitability trends.
Peer comparison
Dec 31, 2023