Company / Gross Margin
Globus Medical Gross Margin History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
65.0%
FY2023
5-year range
65.0% / 77.1%
FY2019-FY2023
Trend
-12.4%
vs FY2022
Sector context
#33 of 96
Health Care
What the data says
At 65.0%, Globus Medical's gross margin ranks #33 of 96 in the Health Care sector. Gross Margin has declined for 3 consecutive years, from 77.6% in FY2020 to 65.0% in FY2023.
Based on SEC 10-K filings.
65.0% in FY2023 with a 5-year CAGR of -11.1%.
Declined from 77.1% to 65.0% over the past 2 years.
Health Care sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- -12.6pp
- 5-Year Change
- -11.1pp
- 10-Year Change
- -
Sector benchmark
#33 of 96 in Health CareTop 34% of 96This company 65.0% Sector average 53.6%
▼
+21.4% above sector average
Key checks
Key Insights
- Globus Medical's gross margin has declined for 3 consecutive years.
- In FY2023, gross margin decreased 12.4% year-over-year.
- Currently 11.5pp above the Health Care sector average.
- Peak gross margin was recorded in FY2020.
Company context
Key Data Points
- Altman Z-Score 3.91 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | 65.0% | -12.4% |
| FY2022 | 74.2% | -3.7% |
| FY2021 | 77.1% | -0.7% |
| FY2020 | 77.6% | +0.7% |
| FY2019 | 77.1% | +1.3% |
| FY2018 | 76.1% | -0.3% |
| FY2017 | 76.3% | -0.4% |
| FY2016 | 76.6% | -0.3% |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026