Globus Medical

Founded in 2003, Globus’ single-minded focus on advancing spinal surgery has made it the fastest growing company in the history of orthopedics. Globus is driven to utilize superior engineering and technology to achieve pain free, active lives for all patients with spinal disorders.

Type
Public
HQ
Eagleville, US
Founded
2003
Size (employees)
1,200 (est)
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 Metrics

Globus Medical Financial Metrics

Revenue (2016)

$564 m

Revenue growth (2015-16), %

4%

Gross profit

$429.3 m

Gross profit margin (2016), %

76%

Net income (2016)

$104.3 m

Market capitalization (28-Apr-2017)

$2.9 b

Closing share price (28-Apr-2017)

$30.6

Cash (31-Dec-2016)

$132.6 m
Globus Medical's current market capitalization is $2.9 b.
Globus Medical's revenue was reported to be $564 m in FY, 2016 which is a 4% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$434.5 m$474.4 m$544.8 m$564 m

Revenue growth, %

9%15%4%

Cost of goods sold

$132.8 m$134.7 m

Gross profit

$334.1 m$363.5 m$412 m$429.3 m

Gross profit Margin, %

77%77%76%76%

Operating expense total

$232.4 m$225.2 m$239.7 m$275.1 m

EBIT

$101.7 m$138.4 m$172.2 m$154.1 m

EBIT margin, %

23%29%32%27%

Pre tax profit

$172.8 m$157.3 m

Income tax expense

$60 m$52.9 m

Net Income

$68.6 m$92.5 m$112.8 m$104.3 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$90 m$82.3 m$60.2 m$132.6 m

Accounts Receivable

Inventories

$70.4 m$90.9 m$105.3 m$112.7 m

Current Assets

$416.8 m$470 m$544.8 m$513.8 m

PP&E

$64.2 m

Goodwill

$18.4 m$53.2 m$92 m$105.9 m

Total Assets

$566.3 m$703.5 m$834.1 m$927.6 m

Accounts Payable

$10.1 m$15.9 m$16 m$17.5 m

Current Liabilities

$67.9 m$89.4 m$82.7 m$79.9 m

Common Stock

$71 k$71 k$72 k

Additional Paid-in Capital

$154 m$175.2 m$192.6 m$211.7 m

Retained Earnings

$319.3 m$411.8 m$524.6 m$628.9 m

Total Equity

$472.4 m$585.5 m$715.3 m$832.1 m

Financial Leverage

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

Net Income

$68.6 m$92.5 m$112.8 m$104.3 m

Depreciation and Amortization

$19.4 m$21.8 m$24.1 m$3.5 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 m$4.6 m($3.8 m)($23 k)

Cash From Operating Activities

$93.5 m$79.2 m$122 m$171.9 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)

Long-term Borrowings

Cash From Financing Activities

$11 m$12.9 m$6.3 m$2 m

Interest Paid

$96 k$32 k$9 k$35 k

Income Taxes Paid

$38.7 m$51.1 m$57.1 m$50.1 m

Globus Medical Market Value History

Globus Medical Median Salaries

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

Globus Medical Online Presence

Globus Medical Company Life

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