Globus Medical (GMED)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 214,623 | 164,471 | 116,777 | 118,864 | 133,142 | 177,047 | 236,345 | 237,909 | 227,951 | 192,123 | 185,750 | 163,850 | 171,953 | 212,288 | 208,972 | 137,533 | 111,433 | 102,878 | 94,926 | 163,358 |
| Revenue (ttm) | US$ in thousands | 2,519,355 | 2,478,596 | 2,236,530 | 1,898,454 | 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 |
| Operating profit margin | 8.52% | 6.64% | 5.22% | 6.26% | 8.49% | 14.44% | 21.55% | 22.26% | 22.29% | 19.24% | 19.07% | 17.04% | 17.95% | 22.55% | 22.52% | 16.65% | 14.12% | 13.41% | 12.70% | 20.60% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $214,623K ÷ $2,519,355K
= 8.52%
The operating profit margin for Globus Medical fluctuated over the period from March 31, 2020, to December 31, 2024. It started at 20.60% in March 2020 and experienced some variations, reaching a low of 5.22% in June 2024. The margin generally exhibited a downward trend from June 2023 to December 2024, indicating potentially increasing costs relative to revenue. However, there were spikes in the margin in June 2021, September 2021, and December 2022, where it exceeded 20%. The latest data point, December 31, 2024, shows a slight recovery in the operating profit margin to 8.52%. Overall, the analysis suggests that Globus Medical has faced challenges in maintaining a consistent level of operating profitability in recent periods.
Peer comparison
Dec 31, 2024