Globus Historical Income Statement

GMED Stock  USD 81.78  1.64  1.97%   
Historical analysis of Globus Medical income statement accounts such as Total Revenue of 1.6 B or Gross Profit of 533.4 M can show how well Globus Medical performed in making a profits. Evaluating Globus Medical income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Globus Medical's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Globus Medical latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Globus Medical is a good buy for the upcoming year.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globus Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For information on how to trade Globus Stock refer to our How to Trade Globus Stock guide.

About Globus Income Statement Analysis

Globus Medical Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Globus Medical shareholders. The income statement also shows Globus investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Globus Medical Income Statement Chart

At present, Globus Medical's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 1.6 B, whereas EBIT is forecasted to decline to about 163.4 M.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Globus Medical. It is also known as Globus Medical overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Globus Medical operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Globus Medical is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Cost Of Revenue

Cost of Revenue is found on Globus Medical income statement and represents the costs associated with goods and services Globus Medical provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Globus Medical income statement and is an important metric when analyzing Globus Medical profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most accounts from Globus Medical's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Globus Medical current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globus Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For information on how to trade Globus Stock refer to our How to Trade Globus Stock guide.At present, Globus Medical's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 1.6 B, whereas EBIT is forecasted to decline to about 163.4 M.
 2021 2022 2023 2024 (projected)
Gross Profit718.9M759.1M1.0B533.4M
Total Revenue958.1M1.0B1.6B1.6B

Globus Medical income statement Correlations

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0.770.810.810.780.550.660.820.940.740.80.70.710.750.050.820.720.370.77-0.570.840.860.840.62
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0.290.460.420.550.340.920.350.750.290.370.980.430.920.510.40.890.080.5-0.230.490.420.12-0.04
0.40.530.520.660.450.920.440.870.40.470.930.350.90.410.50.860.40.58-0.250.560.50.270.12
0.960.880.970.820.970.350.440.710.940.980.470.840.54-0.080.970.570.360.8-0.720.90.80.810.73
0.680.750.760.940.710.750.870.710.670.730.850.60.860.240.750.820.420.75-0.450.770.770.680.48
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0.990.91.00.81.00.370.470.980.730.990.490.860.530.021.00.560.310.81-0.620.870.810.830.81
0.420.610.540.70.460.980.930.470.850.410.490.550.960.430.520.940.130.65-0.350.630.590.280.11
0.850.870.850.710.850.430.350.840.60.830.860.550.570.090.870.62-0.150.8-0.610.820.810.690.67
0.450.690.560.750.490.920.90.540.860.420.530.960.570.180.570.980.240.74-0.540.740.70.320.1
0.03-0.110.080.050.050.510.41-0.080.240.080.020.430.090.180.020.14-0.35-0.130.53-0.19-0.2-0.050.06
0.990.911.00.820.990.40.50.970.750.981.00.520.870.570.020.60.310.83-0.630.890.830.820.79
0.490.720.590.720.520.890.860.570.820.460.560.940.620.980.140.60.210.77-0.550.760.710.330.12
0.280.240.310.370.290.080.40.360.420.260.310.13-0.150.24-0.350.310.210.25-0.330.360.240.280.13
0.770.960.80.770.780.50.580.80.750.730.810.650.80.74-0.130.830.770.25-0.780.940.930.570.48
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0.840.970.860.840.840.490.560.90.770.780.870.630.820.74-0.190.890.760.360.94-0.830.930.670.5
0.780.960.80.860.780.420.50.80.770.730.810.590.810.7-0.20.830.710.240.93-0.750.930.720.57
0.840.690.820.840.840.120.270.810.680.840.830.280.690.32-0.050.820.330.280.57-0.40.670.720.9
0.840.60.80.620.83-0.040.120.730.480.870.810.110.670.10.060.790.120.130.48-0.250.50.570.9
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Globus Medical Account Relationship Matchups

Globus Medical income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization58.0M62.9M69.9M68.3M144.7M152.0M
Interest Expense17.4M14.0M9.3M14.2M20.1M21.1M
Total Revenue785.4M789.0M958.1M1.0B1.6B1.6B
Gross Profit605.4M571.6M718.9M759.1M1.0B533.4M
Other Operating Expenses608.6M673.6M763.2M786.6M1.4B1.5B
Operating Income172.0M111.4M172.0M228.0M133.1M153.7M
Ebit172.0M115.5M180.4M236.3M165.4M163.4M
Research Development60.1M84.5M97.3M73.0M124.0M130.2M
Ebitda230.0M178.3M250.3M304.5M310.1M211.4M
Cost Of Revenue180.0M217.5M239.2M263.7M548.2M575.6M
Total Operating Expenses428.6M456.1M524.0M522.9M887.2M931.5M
Income Before Tax189.9M125.9M180.4M243.0M165.4M162.4M
Total Other Income Expense Net18.0M14.5M8.5M15.1M32.3M33.9M
Net Income155.2M102.3M149.2M190.2M122.9M117.3M
Income Tax Expense34.7M23.6M31.2M52.9M42.5M44.9M
Net Income Applicable To Common Shares155.2M102.3M149.2M190.2M218.7M120.8M
Net Income From Continuing Ops155.2M102.3M149.2M190.2M122.9M131.6M
Tax Provision34.7M23.6M31.2M52.9M42.5M34.9M
Net Interest Income17.4M14.0M9.3M14.2M20.1M13.5M
Reconciled Depreciation52.7M62.9M69.9M68.3M144.7M75.8M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Globus Medical is a strong investment it is important to analyze Globus Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Globus Medical's future performance. For an informed investment choice regarding Globus Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globus Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For information on how to trade Globus Stock refer to our How to Trade Globus Stock guide.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Globus Medical. If investors know Globus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Globus Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
42.231
Earnings Share
0.62
Revenue Per Share
18.217
Quarterly Revenue Growth
0.631
Return On Assets
0.0473
The market value of Globus Medical is measured differently than its book value, which is the value of Globus that is recorded on the company's balance sheet. Investors also form their own opinion of Globus Medical's value that differs from its market value or its book value, called intrinsic value, which is Globus Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Globus Medical's market value can be influenced by many factors that don't directly affect Globus Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Globus Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globus Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globus Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.