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%
Market cap
$10.6B
P/E
19.3×
Fwd P/E
20.3×
Dividend yield
—
F-score
9/9
Altman Z
11.30
Beneish M
−2.31
Dividend safety
n/a

Insider Decisions trades per month

Total sells 17.54
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 4 2 2 2 — — — 1 — 1 1 —
Insider Ownership 17.81%

Capital & Financial Ratios $m

Market Cap 10,590.00
Revenue 3,144.93
Net Income 535.43
Free Cash Flow 755.59
Net Debt (595.14)
Current Ratio 4.62 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 19.32
Fwd P/E 20.30
P/S ratio 3.29
P/B ratio 2.17
Past 5Y EPS Growth 31.16% (at or above 15%: strong)
This Y EPS Growth 25.64% (at or above 15%: strong)
Next Y EPS Growth 7.98%
Next Y revenue growth 8.88%
Next 5Y EPS Growth 13.83%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 6.78%
10-year low 10-year high
P/S against its own 10 years 5.86%
10-year low 10-year high
P/B against its own 10 years 11.72%
10-year low 10-year high
EV/Sales against its own 10 years 7.41%
10-year low 10-year high
EV/FCF against its own 10 years 2.10%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 518 890 557 595
Receivables 505 578 744 739
Inventory 848 659 759 811
Other — — — —
1,915 2,177 2,126 2,216
2023 2024 2025 Q'26
Payables 57 75 99 107
ST’ Debt — 443 — —
Other 61 34 20 23
392 856 498 479

Compound Annual Growth %

10y 5y 3y
Sales 18.36% 30.08% 42.17%
Cash Flow 19.77% 30.54% 61.62%
Earnings 16.91% 39.37% 41.42%
Book Value 20.38% 24.87% 35.30%

Revenue $m

Mar Jun Sep Dec Year
’26 760 790 — — —
’25 598 745 769 826 2,939
’24 607 630 626 657 2,519
’23 277 292 384 617 1,568
’22 231 264 254 274 1,023
’21 227 251 230 250 958
’20 191 149 216 233 789
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 202 210 — — —
’25 177 78 250 249 753
’24 52 54 204 210 521
’23 53 35 50 105 243
’22 45 37 33 64 178
’21 64 59 77 76 276
’20 42 23 53 80 199
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 163 177 — — —
’25 136 26 204 202 579
’24 24 26 162 193 405
’23 37 17 29 82 165
’22 25 13 21 46 104
’21 50 51 59 59 219
’20 20 13 36 66 135
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.90 1.10 — — —
’25 0.54 1.49 0.88 1.03 3.92
’24 (0.05) 0.23 0.38 0.19 0.75
’23 0.48 0.57 0.01 0.11 1.07
’22 0.37 0.53 0.47 0.49 1.85
’21 0.44 0.40 0.45 0.14 1.44
’20 0.25 (0.21) 0.44 0.52 1.01
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten 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
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.

All 10 years →

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%

All 149 Medical Devices stocks →

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.

Source: company filings (standardised) and stockrow calculations.

Globus Medical, Inc. (GMED) Latest News

10 May

stockrow.com/GMED · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com