Saturday 17 October 2026
Export GMED’s income statement to Excel — free account
Globus Medical, Inc.
GMED Healthcare Medical Devices
Globus Medical, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 16.7% from fiscal 2024. In the quarter to June 2026, revenue grew 5.94%, EPS fell 25.3% and free cash flow grew 571.3%, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for three.
76.71
2.13
−2.70%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 19.25 | 24.58 | 41.19 | 38.01 | 33.41 | 59.37 | 52.60 | 43.39 | 49.33 | 51.79 |
Analyst estimates 2026–2028 Powerpack |
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| High | 27.64 | 42.00 | 57.83 | 60.15 | 66.65 | 84.23 | 81.78 | 80.04 | 87.22 | 94.93 | |||||
| People | |||||||||||||||
| People | Employees | 1,400 | 1,500 | 1,800 | 2,000 | 2,200 | 2,400 | 2,600 | 5,000 | 5,300 | 6,000 | ||||
| Revenue/emp, $m | 0.40 | 0.42 | 0.40 | 0.39 | 0.36 | 0.40 | 0.39 | 0.31 | 0.48 | 0.49 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 564 | 636 | 713 | 785 | 789 | 958 | 1,023 | 1,568 | 2,519 | 2,939 | ||||
| Gross margin, % | 76.12 | 76.34 | 77.64 | 77.08 | 72.44 | 75.03 | 74.22 | 65.05 | 58.90 | 67.41 | |||||
| EBT | 157 | 170 | 189 | 190 | 126 | 180 | 243 | 165 | 121 | 605 | |||||
| EBT margin, % | 27.89 | 26.72 | 26.45 | 24.19 | 15.96 | 18.83 | 23.76 | 10.54 | 4.79 | 20.59 | |||||
| Net income | 104 | 107 | 156 | 155 | 102 | 149 | 190 | 123 | 103 | 538 | |||||
| Depreciation | 46 | 45 | 43 | 52 | 63 | 73 | 74 | 225 | 495 | 303 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 5.90 | 6.61 | 7.28 | 7.92 | 8.00 | 9.51 | 10.18 | 13.87 | 18.56 | 21.74 | ||||
| Earnings | 1.09 | 1.12 | 1.60 | 1.57 | 1.04 | 1.48 | 1.89 | 1.09 | 0.76 | 3.98 | |||||
| Cash flow | 1.55 | 1.65 | 1.86 | 1.73 | 2.02 | 2.74 | 1.78 | 2.15 | 3.84 | 5.57 | |||||
| Capex | (0.43) | (0.53) | (0.56) | (0.71) | (0.65) | (0.56) | (0.74) | (0.69) | (0.85) | (1.29) | |||||
| Free cash flow | 1.12 | 1.12 | 1.30 | 1.02 | 1.37 | 2.18 | 1.04 | 1.46 | 2.99 | 4.28 | |||||
| Book value | 8.70 | 10.06 | 12.11 | 14.14 | 15.28 | 17.29 | 18.38 | 35.35 | 30.78 | 33.82 | |||||
| Shares, m | 96 | 96 | 98 | 99 | 99 | 101 | 100 | 113 | 136 | 135 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 22.95 | 38.54 | 27.05 | 37.27 | 62.71 | 48.78 | 38.71 | 45.05 | 110.28 | 21.94 | ||||
| P/S | 4.20 | 6.53 | 5.94 | 7.43 | 8.15 | 7.59 | 7.19 | 3.83 | 4.46 | 4.02 | |||||
| P/B | 2.85 | 4.29 | 3.57 | 4.16 | 4.27 | 4.18 | 3.98 | 1.50 | 2.69 | 2.58 | |||||
| EV/Sales | 3.69 | 5.95 | 5.47 | 7.04 | 7.61 | 7.13 | 6.76 | 3.78 | 4.44 | 4.12 | |||||
| EV/FCF | 19.46 | 35.09 | 30.70 | 54.62 | 44.46 | 31.15 | 66.17 | 35.86 | 27.63 | 21.28 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 148 | 159 | 182 | 172 | 199 | 276 | 178 | 243 | 521 | 753 | ||||
| Capex | (41) | (51) | (55) | (71) | (64) | (57) | (74) | (78) | (115) | (174) | |||||
| Free cash flow | 107 | 108 | 127 | 101 | 135 | 219 | 104 | 165 | 405 | 579 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 434 | 527 | 535 | 576 | 701 | 724 | 824 | 1,523 | 1,321 | 1,627 | ||||
| Total debt | — | — | — | 2 | 5 | 5 | — | 417 | 443 | — | |||||
| Net debt | (291) | (374) | (340) | (309) | (422) | (438) | (446) | (100) | (447) | (557) | |||||
| Shareholders’ equity | 832 | 968 | 1,186 | 1,402 | 1,506 | 1,741 | 1,846 | 3,998 | 4,177 | 4,573 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 11.85 | 10.70 | 13.15 | 10.96 | 6.37 | 8.20 | 9.43 | 3.43 | 1.99 | 10.19 | ||||
| ROIC | 17.80 | 17.03 | 12.51 | 9.84 | 6.42 | 8.25 | 10.17 | 2.14 | 2.78 | 7.47 | |||||
| ROE | 13.49 | 11.93 | 14.53 | 11.99 | 7.03 | 9.19 | 10.60 | 4.20 | 2.52 | 12.29 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Globus Medical, Inc. vs peers in Medical Devices (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ZBH Zimmer Biomet Holdings, Inc. | $18.0B | 23.0× | 17.7× | +4.80% (above 0%: growing) | +33.77% (above 0%: growing) | +13.05% (above 0%: growing) | 70.81% | 14.98% | Compare |
| PEN Penumbra, Inc. | $12.7B | 78.4× | 63.5× | +14.90% (above 0%: growing) | −24.79% (below 0%: shrinking) | +10.81% (above 0%: growing) | 67.93% | 10.52% | Compare |
| SNN Smith & Nephew SNATS, Inc. | $12.2B | 35.4× | 18.6× | +7.99% (above 0%: growing) | −14.23% (below 0%: shrinking) | +293.94% (above 0%: growing) | 69.42% | 0.00% | Compare |
| GMED Globus Medical, Inc. | $10.6B | 19.3× | 20.3× | +5.94% (above 0%: growing) | −25.33% (below 0%: shrinking) | +571.30% (above 0%: growing) | 69.42% | 23.10% | |
| BIO.B Bio-Rad Laboratories, Inc. | $10.3B | 43.7× | — | −0.09% (below 0%: shrinking) | +19.02% (above 0%: growing) | −6.06% (below 0%: shrinking) | 53.12% | 11.15% | Compare |
| GKOS Glaukos Corporation | $9.8B | — (loss-making) | — (loss-making) | +49.54% (above 0%: growing) | n/m | +211.83% (above 0%: growing) | 81.67% | (9.30%) | Compare |
| BIO Bio-Rad Laboratories, Inc. | $9.8B | 42.5× | 35.4× | −0.09% (below 0%: shrinking) | +19.02% (above 0%: growing) | −6.06% (below 0%: shrinking) | 53.12% | 11.15% | Compare |
| PODD Insulet Corporation | $9.6B | 26.4× | 24.7× | +23.51% (above 0%: growing) | +328.13% (above 0%: growing) | −70.51% (below 0%: shrinking) | 70.18% | 16.18% | Compare |
| BRKR Bruker Corporation | $8.6B | — (loss-making) | 55.7× | +5.15% (above 0%: growing) | n/m | +28.63% (above 0%: growing) | 49.61% | (7.79%) | Compare |
| Median of peers | $10.0B | 38.9× | 30.0× | +6.57% | +19.02% | +11.93% | 68.68% | 10.84% |
Globus Medical, Inc. (GMED) key facts
- Strength: Globus Medical, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 16.7% from fiscal 2024.
- Strength: Net income was $537.9 million, or $3.98 per share (basic), a net margin of 18.3%.
- Globus Medical, Inc. (GMED) is a Medical Devices company in the Healthcare sector, listed on the New York Stock Exchange.
- As of October 16, 2026, GMED traded at $76.71, a market capitalization of $10.6 billion.
- At that price the stock trades at 19.3× trailing-twelve-month earnings and 3.3× sales; its P/E is higher than 7% of its own readings over the past ten years.
- Return on equity was 12.3% and debt-to-equity 0.00.
- Its Piotroski F-score is 9 out of 9 and its Altman Z-score is 11.30 (safe zone) for fiscal 2025.