Globus Medical (GMED)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	165,393	243,019	180,407	125,899	189,946
Revenue	US$ in thousands	1,568,480	1,022,840	958,102	789,042	785,368
Pretax margin		10.54%	23.76%	18.83%	15.96%	24.19%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $165,393K ÷ $1,568,480K
= 10.54%

The pretax margin of Globus Medical Inc has shown fluctuation over the past five years. The trend indicates a decrease from 24.19% in 2019 to 10.54% in 2023. The pretax margin peaked in 2022 at 23.76%, followed by a slight decline in 2023. This suggests that the company's ability to generate profit before taxes relative to its revenue has varied over the period analyzed. Further analysis and context would be needed to understand the specific factors driving these fluctuations and assess the overall financial performance of Globus Medical Inc.