GMED - Globus Medical, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$110.29
DETAILS
HIGH:
$117.00
LOW:
$100.00
MEDIAN:
$112.00
CONSENSUS:
$110.29
UPSIDE:
30.04%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||
| Revenue | 2,938.9 | 2,519.4 | 1,568.5 | 1,022.8 | 958.1 | 789.0 | 785.4 | 713.0 | 636.0 | 564.0 | 544.8 | 474.4 | 434.5 | 386.0 | 331.5 | 288.2 | 254.3 |
| Cost of Revenue | 957.8 | 1,035.5 | 548.2 | 263.7 | 239.2 | 217.5 | 180.0 | 159.4 | 150.5 | 134.7 | 132.3 | 110.8 | 100.3 | 75.2 | 68.8 | 53.8 | 41.6 |
| Gross Profit | 1,981.1 | 1,483.9 | 1,020.3 | 759.1 | 718.9 | 571.6 | 605.4 | 553.6 | 485.5 | 429.3 | 412.4 | 363.6 | 334.1 | 310.8 | 262.7 | 234.4 | 212.7 |
| Operating Expenses | |||||||||||||||||
| R&D Expenses | 185 | 163.8 | 124.0 | 73.0 | 97.3 | 84.5 | 60.1 | 55.5 | 43.7 | 44.5 | 36.3 | 31.2 | 26.9 | 27.9 | 23.5 | 21.3 | 20.5 |
| SG&A Expenses | 1,316.3 | 981.0 | 643.4 | 432.1 | 408.1 | 354.8 | 354.8 | 311.6 | 267.8 | 222.2 | 214.0 | 187.8 | 182.5 | 168.9 | 140.4 | 122.6 | 108.4 |
| Other Expenses | 0 | 173.1 | 119.7 | 26.0 | 41.4 | 20.9 | 18.6 | 17.1 | 12.2 | 8.5 | (6.4) | 5.4 | 23.1 | (0.8) | 1.5 | 2.8 | 1.9 |
| Operating Expenses | 1,501.3 | 1,317.9 | 887.2 | 531.2 | 546.9 | 460.1 | 433.4 | 384.2 | 323.7 | 275.1 | 240.2 | 225.2 | 232.4 | 196.0 | 165.3 | 146.7 | 130.8 |
| Operating Income | |||||||||||||||||
| Operating Income | 479.8 | 166.0 | 133.1 | 228.0 | 172.0 | 111.4 | 172.0 | 169.3 | 161.8 | 154.1 | 172.2 | 138.4 | 101.7 | 114.8 | 97.4 | 87.7 | 81.9 |
| Interest Expense | 0 | 4.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 7.1 | 0 | 20.1 | 14.2 | 9.3 | 14.0 | 17.4 | 13.3 | 6.6 | 3.1 | 1.3 | 0.8 | 0.5 | 0.1 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||
| EBITDA | 729.9 | 473.7 | 346.6 | 304.5 | 264.7 | 178.3 | 229.5 | 218.5 | 205.4 | 193.0 | 195.6 | 159.6 | 120.9 | 132.7 | 115.8 | 105.7 | 97.3 |
| EBIT | 609.9 | 219.7 | 201.8 | 236.3 | 194.9 | 115.5 | 176.8 | 176.9 | 163.3 | 154.2 | 171.5 | 137.8 | 101.5 | 114.6 | 98.8 | 90.5 | 83.8 |
| Income Before Tax | 609.9 | 120.7 | 165.4 | 243.0 | 180.4 | 125.9 | 189.9 | 188.6 | 169.9 | 157.3 | 172.8 | 138.6 | 102.0 | 114.7 | 96.9 | 87.7 | 81.8 |
| Income Tax Expense | 72 | 17.7 | 42.5 | 52.9 | 31.2 | 23.6 | 34.7 | 32.1 | 62.6 | 52.9 | 60.0 | 46.2 | 33.4 | 40.8 | 36.2 | 33.3 | 29.7 |
| Net Income | 537.9 | 103.0 | 122.9 | 190.2 | 149.2 | 102.3 | 155.2 | 156.5 | 107.3 | 104.3 | 112.8 | 92.5 | 68.6 | 73.8 | 60.8 | 54.5 | 48.7 |
| Per Share Data | |||||||||||||||||
| EPS (Basic) | 3.98 | 0.76 | 1.09 | 1.89 | 1.48 | 1.04 | 1.57 | 1.60 | 1.12 | 1.09 | 1.19 | 0.98 | 0.74 | 0.82 | 0.84 | 0.75 | 0.55 |
| EPS (Diluted) | 3.92 | 0.75 | 1.07 | 1.85 | 1.44 | 1.01 | 1.52 | 1.54 | 1.10 | 1.08 | 1.17 | 0.97 | 0.73 | 0.80 | 0.81 | 0.72 | 0.54 |
| Shares Outstanding | 135.2 | 135.7 | 113.1 | 100.5 | 100.7 | 98.6 | 99.2 | 97.9 | 96.2 | 95.6 | 95.0 | 94.2 | 92.6 | 89.6 | 72.7 | 72.7 | 88.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 526.2 | 784.4 | 467.3 | 150.5 | 193.1 | 239.4 | 195.7 | 139.7 | 118.8 | 67.0 |
| Short-Term Investments | 31.1 | 105.6 | 50.5 | 295.6 | 250.4 | 187.3 | 115.8 | 199.9 | 254.9 | 223.4 |
| Net Receivables | 678.9 | 578.3 | 504.9 | 217.3 | 165.7 | 148.1 | 162.4 | 144.4 | 127.1 | 95.8 |
| Inventory | 759.3 | 659.2 | 848.1 | 299.0 | 237.0 | 229.2 | 196.3 | 131.3 | 108.4 | 112.7 |
| Other Current Assets | 130.2 | 49.6 | 44.6 | 21.0 | 0 | 0 | 0 | 0.1 | 0 | 0.5 |
| Total Current Assets | 2,125.6 | 2,177.3 | 1,915.4 | 983.3 | 864.5 | 821.8 | 687.5 | 630.7 | 620.3 | 513.8 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 628.2 | 611.6 | 646.9 | 243.7 | 221.1 | 216.9 | 199.8 | 171.9 | 143.2 | 124.2 |
| Goodwill | 1,435.0 | 1,432.4 | 1,434.5 | 197.5 | 179.7 | 156.7 | 128.8 | 123.7 | 123.9 | 105.9 |
| Intangible Assets | 745.1 | 795.1 | 924.6 | 63.6 | 68.7 | 86.9 | 78.8 | 87.3 | 78.7 | 61.7 |
| Long-Term Investments | 0 | 66.1 | 75.4 | 495.9 | 562.5 | 358.5 | 409.5 | 263.1 | 56.1 | 60.4 |
| Other Non-Current Assets | 150.6 | 75.1 | 78.6 | 43.3 | 36.3 | 32.0 | 21.7 | 10.4 | 36.3 | 30.9 |
| Total Non-Current Assets | 3,177.2 | 3,074.5 | 3,170.7 | 1,092.8 | 1,092.7 | 857.7 | 844.6 | 670.0 | 458.2 | 413.9 |
| Total Assets | 5,302.8 | 5,251.8 | 5,086.1 | 2,076.1 | 1,957.3 | 1,679.5 | 1,532.1 | 1,300.7 | 1,078.5 | 927.6 |
| Current Liabilities | ||||||||||
| Account Payables | 98.9 | 75.1 | 56.7 | 36.1 | 22.0 | 18.2 | 24.6 | 25.9 | 25.0 | 17.5 |
| Short-Term Debt | 14.7 | 443.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 27.7 | 22.1 | 18.4 | 14.1 | 12.0 | 8.1 | 5.4 | 2.6 | 0.8 | 0 |
| Other Current Liabilities | 357.3 | 185.6 | 201.9 | 66.7 | 64.2 | 50.7 | 43.9 | 39.3 | 40.4 | 37.3 |
| Total Current Liabilities | 498.5 | 855.9 | 392.3 | 159.2 | 140.2 | 120.8 | 111.4 | 96.1 | 93.1 | 79.9 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 103.9 | 0 | 417.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 23.8 | 23.9 | 84.4 | 1.8 | 4.3 | 6.2 | 6.0 | 8.1 | 10.7 | 7.9 |
| Other Non-Current Liabilities | 103.3 | 111.0 | 102.9 | 65.3 | 71.4 | 46.2 | 12.2 | 10.9 | 7.0 | 7.8 |
| Total Non-Current Liabilities | 231.0 | 218.5 | 695.8 | 70.5 | 75.7 | 52.4 | 18.2 | 19.0 | 17.7 | 15.7 |
| Total Liabilities | 729.5 | 1,074.4 | 1,088.1 | 229.8 | 215.9 | 173.2 | 129.6 | 115.2 | 110.7 | 95.6 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Retained Earnings | 1,388.0 | 1,152.8 | 1,137.3 | 1,240.0 | 1,194.3 | 1,045.1 | 1,047.9 | 892.7 | 736.2 | 628.9 |
| Accumulated Other Comprehensive Income | 15.3 | (6.9) | (10.2) | (24.6) | (6.8) | 4.0 | (2.9) | (7.2) | (6.9) | (8.6) |
| Total Stockholders' Equity | 4,573.2 | 4,177.3 | 3,998.0 | 1,846.4 | 1,741.4 | 1,506.3 | 1,402.5 | 1,185.5 | 967.8 | 832.1 |
| Total Liabilities & Equity | 5,302.8 | 5,251.8 | 5,086.1 | 2,076.1 | 1,957.3 | 1,679.5 | 1,532.1 | 1,300.7 | 1,078.5 | 927.6 |
| Debt Metrics | ||||||||||
| Total Debt | 118.7 | 537.2 | 520.4 | 6.0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | (407.5) | (247.2) | 53.1 | (144.5) | (193.1) | (239.4) | (195.7) | (139.6) | (118.8) | (67.0) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 537.9 | 103.0 | 122.9 | 190.2 | 149.2 | 102.3 | 155.2 | 156.5 | 107.3 | 104.3 |
| Depreciation & Amortization | 276.8 | 254.0 | 144.7 | 68.3 | 69.9 | 62.9 | 52.7 | 41.6 | 42.1 | 38.8 |
| Stock-Based Compensation | 49.8 | 54.2 | 52.7 | 32.8 | 30.6 | 27.1 | 26.1 | 21.9 | 14.7 | 11.4 |
| Change in Working Capital | (82.7) | (97.6) | (116.6) | (105.3) | (17.3) | (37.6) | (73.4) | (49.9) | (30.5) | 3.5 |
| Other Non-Cash Items | (47.0) | 332.9 | 97.5 | 14.7 | 61.5 | 48.5 | 7.1 | 10.5 | 17.7 | 17.7 |
| Operating Cash Flow | 753.4 | 520.6 | 243.5 | 178.5 | 276.3 | 198.8 | 172.0 | 181.6 | 159.5 | 171.9 |
| Investing Activities | ||||||||||
| Capital Expenditure | (164.7) | (115.4) | (78.3) | (74.0) | (56.9) | (63.7) | (70.8) | (59.7) | (51.3) | (40.9) |
| Acquisitions | 13.5 | (17.6) | (296.0) | (31.4) | (34.5) | (33.5) | (23.8) | (14.8) | (29.9) | (76.1) |
| Purchases of Investments | (107.5) | (113.5) | (100.6) | (419.5) | (622.4) | (223.5) | (346.5) | (537.9) | (392.9) | (287.3) |
| Sales/Maturities of Investments | 179.5 | 70.5 | 777.9 | 414.7 | 337.8 | 203.4 | 300.8 | 384.4 | 362.9 | 334.7 |
| Other Investing Activities | (275.8) | 0 | 0 | 0 | 0 | 0 | 0 | 35 | 0 | (30) |
| Investing Cash Flow | (355.0) | (176.1) | 303.0 | (110.4) | (375.9) | (117.3) | (140.3) | (193.0) | (111.3) | (99.6) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (300.5) | (85.8) | (225.6) | (144.5) | 0 | (104.7) | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (378.7) | 58.1 | (6.3) | 34.5 | 54.1 | 66.0 | (6.6) | (6.7) | (10.1) | (5.4) |
| Financing Cash Flow | (679.2) | (27.7) | (231.8) | (110.0) | 54.1 | (38.7) | 24.4 | 32.6 | 1.6 | 2.0 |
| Cash Position | ||||||||||
| Net Change in Cash | (258.3) | 317.1 | 316.8 | (42.6) | (46.3) | 43.7 | 56.0 | 20.9 | 51.9 | 72.5 |
| Cash at Beginning | 784.4 | 467.3 | 150.5 | 193.1 | 239.4 | 195.7 | 139.7 | 118.8 | 67.0 | 60.2 |
| Cash at End | 526.2 | 784.4 | 467.3 | 150.5 | 193.1 | 239.4 | 195.7 | 139.7 | 118.8 | 132.6 |
| Free Cash Flow | 588.8 | 405.2 | 165.2 | 104.4 | 219.4 | 135.1 | 101.2 | 121.9 | 108.2 | 131.0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||
| Revenue | 2,938.9 | 2,519.4 | 1,568.5 | 1,022.8 | 958.1 | 789.0 | 785.4 | 713.0 | 636.0 | 564.0 | 544.8 | 474.4 | 434.5 | 386.0 | 331.5 | 288.2 | 254.3 |
| Gross Profit | 1,981.1 | 1,483.9 | 1,020.3 | 759.1 | 718.9 | 571.6 | 605.4 | 553.6 | 485.5 | 429.3 | 412.4 | 363.6 | 334.1 | 310.8 | 262.7 | 234.4 | 212.7 |
| Operating Income | 479.8 | 166.0 | 133.1 | 228.0 | 172.0 | 111.4 | 172.0 | 169.3 | 161.8 | 154.1 | 172.2 | 138.4 | 101.7 | 114.8 | 97.4 | 87.7 | 81.9 |
| Net Income | 537.9 | 103.0 | 122.9 | 190.2 | 149.2 | 102.3 | 155.2 | 156.5 | 107.3 | 104.3 | 112.8 | 92.5 | 68.6 | 73.8 | 60.8 | 54.5 | 48.7 |
| EPS (Diluted) | 3.92 | 0.75 | 1.07 | 1.85 | 1.44 | 1.01 | 1.52 | 1.54 | 1.10 | 1.08 | 1.17 | 0.97 | 0.73 | 0.80 | 0.81 | 0.72 | 0.54 |
| Balance Sheet | |||||||||||||||||
| Cash & Equivalents | 526.2 | 784.4 | 467.3 | 150.5 | 193.1 | 239.4 | 195.7 | 139.7 | 118.8 | 67.0 | |||||||
| Total Assets | 5,302.8 | 5,251.8 | 5,086.1 | 2,076.1 | 1,957.3 | 1,679.5 | 1,532.1 | 1,300.7 | 1,078.5 | 927.6 | |||||||
| Total Debt | 118.7 | 537.2 | 520.4 | 6.0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Stockholders' Equity | 4,573.2 | 4,177.3 | 3,998.0 | 1,846.4 | 1,741.4 | 1,506.3 | 1,402.5 | 1,185.5 | 967.8 | 832.1 | |||||||
| Cash Flow | |||||||||||||||||
| Operating Cash Flow | 753.4 | 520.6 | 243.5 | 178.5 | 276.3 | 198.8 | 172.0 | 181.6 | 159.5 | 171.9 | |||||||
| Capital Expenditure | (164.7) | (115.4) | (78.3) | (74.0) | (56.9) | (63.7) | (70.8) | (59.7) | (51.3) | (40.9) | |||||||
| Free Cash Flow | 588.8 | 405.2 | 165.2 | 104.4 | 219.4 | 135.1 | 101.2 | 121.9 | 108.2 | 131.0 | |||||||