Globus Medical

Globus Medical, Inc. is a medical device company focused on the design, development, and commercialization of musculoskeletal implants that promote healing in patients with spine disorders. The Company's products are classified into two categories: Innovative Fusion and Disruptive Technologies. The Innovative Fusion products are used in cervical, thoracolumbar, sacral, and interbody, corpectomy fusion procedures to treat degenerative, deformity, tumor, and trauma conditions.

Company Growth (employees)
Type
Public
HQ
Eagleville, US
Founded
2003
Size (employees)
1,400 (est)+17%
Globus Medical was founded in 2003 and is headquartered in Eagleville, US

Globus Medical Office Locations

Globus Medical has an office in Eagleville
Eagleville, US (HQ)
2560 General Armistead Ave

Globus Medical Data and Metrics

Globus Medical Financial Metrics

Globus Medical's revenue was reported to be $564 m in FY, 2016 which is a 4% increase from the previous period.
USD

Revenue (FY, 2016)

564 m

Revenue growth (FY, 2015 - FY, 2016), %

4%

Gross profit (FY, 2016)

429.3 m

Gross profit margin (FY, 2016), %

76%

Net income (FY, 2016)

104.3 m

EBIT (FY, 2016)

154.1 m

Market capitalization (20-Jun-2017)

3.2 b

Closing share price (20-Jun-2017)

33.2

Cash (31-Dec-2016)

132.6 m
Globus Medical's current market capitalization is $3.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

434.5 m474.4 m544.8 m564 m

Revenue growth, %

9%15%4%

Cost of goods sold

132.8 m134.7 m

Gross profit

334.1 m363.5 m412 m429.3 m

Gross profit Margin, %

77%77%76%76%

Operating expense total

232.4 m225.2 m239.7 m275.1 m

EBIT

101.7 m138.4 m172.2 m154.1 m

EBIT margin, %

23%29%32%27%

Pre tax profit

172.8 m157.3 m

Income tax expense

60 m52.9 m

Net Income

68.6 m92.5 m112.8 m104.3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

90 m82.3 m60.2 m132.6 m

Inventories

70.4 m90.9 m105.3 m112.7 m

Current Assets

416.8 m470 m544.8 m513.8 m

PP&E

64.2 m

Goodwill

18.4 m53.2 m92 m105.9 m

Total Assets

566.3 m703.5 m834.1 m927.6 m

Accounts Payable

10.1 m15.9 m16 m17.5 m

Current Liabilities

67.9 m89.4 m82.7 m79.9 m

Common Stock

71 k71 k72 k

Additional Paid-in Capital

154 m175.2 m192.6 m211.7 m

Retained Earnings

319.3 m411.8 m524.6 m628.9 m

Total Equity

472.4 m585.5 m715.3 m832.1 m

Financial Leverage

1.2 x1.2 x1.2 x1.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

68.6 m92.5 m112.8 m104.3 m

Depreciation and Amortization

19.4 m21.8 m24.1 m3.5 m

Accounts Receivable

(9.6 m)(13 m)(4.2 m)(4.7 m)

Inventories

(17 m)(18 m)(19 m)(11 m)

Accounts Payable

1.8 m4.6 m(3.8 m)(23 k)

Cash From Operating Activities

93.5 m79.2 m122 m171.9 m

Purchases of PP&E

(23.7 m)(24.8 m)(50.8 m)(40.9 m)

Cash From Investing Activities

(227.2 m)(100 m)(150.6 m)(99.6 m)

Cash From Financing Activities

11 m12.9 m6.3 m2 m

Interest Paid

96 k32 k9 k35 k

Income Taxes Paid

38.7 m51.1 m57.1 m50.1 m
Y, 2016

Financial Leverage

1.1 x

Globus Medical Market Value History

Globus Medical Median Salaries

Source: 27 public H-1B filings from Globus Medical

Globus Medical Online and Social Media Presence

Globus Medical Company Life and Culture

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