GLOBUS MEDICAL INC
GMED · Surgical & Medical Instruments & Apparatus · 135.7M shares · +3%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $173M (gross $226M, SBC $53M)
Reference price $80.76 · est. market cap ~$11.0B — last insider sale, 2026-06-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A80Spine/ortho device leader (post-NuVasive) — profitable with strong FCF and an earnings inflection.
Strengths
- Strong FCF and margins — FCF $589M (94th), operating margin 16% (88th), net margin 18% (93rd)
- Earnings inflection — net income +422%, revenue +17%
- Strong liquidity — current ratio 4.3 (63rd)
Risks
- NuVasive-integration execution — per 10-K
- Hospital-capex/procedure cyclicality — per 10-K
- Competition — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $629M cash & investments
- FDA approvalFDA clearance/approval — SCRIPT Rods, CREO Stabilization System, REVERE® Stabilization System, REVERE® (2026-05-07)
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, CITADEL ADVISORS LLC, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
- Pending mergerNuVasive Merger On September 1, 2023, pursuant to that certain merger agreement (the “NuVasive Merger Agreement”) with NuVasive, Inc
- Insider sellingInsider selling — 5 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$5M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
67.4%
Operating margin
16.3%
Net margin
18.3%
Return on equity
11.8%
Return on assets
10.1%
Revenue growth (QoQ)
-8.1%
Net-income growth
422.3%
Current ratio
4.3×
Free cash flow
$589M
EBITDA
$757M
Tangible book value
$2.4B
Cash & investments
$629M
Stock comp / revenue
1.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-05 | Davidar David D | Option exercise | 25K | $26.27 |
| 2026-06-05 | Davidar David D | Sell | 25K | $80.76 |
| 2026-06-04 | RHOADS ANN D | Option exercise | 25K | $26.27 |
| 2026-02-25 | Huller Kelly | Option exercise | 20K | $43.58 |
| 2026-02-25 | Huller Kelly | Sell | 20K | $94.50 |
| 2026-02-12 | Huller Kelly | Option exercise | 10K | $45.64 |
| 2026-02-12 | Huller Kelly | Sell | 10K | $87.67 |
| 2026-01-08 | Kline Kyle | Option exercise | 3.6K | $51.87 |
| 2026-01-08 | Kline Kyle | Sell | 3.6K | $101.10 |
| 2026-01-08 | Norwalk Leslie V | Sell | 2.0K | $101.10 |
| 2025-12-12 | Norwalk Leslie V | Sell | 4.0K | $88.85 |
| 2025-12-08 | Paul David C | Option exercise | 34K | $25.52 |
| 2025-12-01 | Kline Kyle | Option exercise | 4.9K | $63.68 |
| 2025-12-01 | Kline Kyle | Option exercise | 3.6K | $53.14 |
| 2025-12-01 | Kline Kyle | Option exercise | 5.0K | $56.43 |
| 2025-12-01 | Kline Kyle | Option exercise | 5.0K | $64.44 |
| 2025-12-01 | Kline Kyle | Sell | 19K | $90.00 |
| 2025-11-25 | Huller Kelly | Option exercise | 7.5K | $25.96 |
| 2025-11-25 | Huller Kelly | Sell | 7.5K | $90.00 |
| 2025-11-12 | Davidar David D | Option exercise | 25K | $25.52 |
| 2025-11-12 | Davidar David D | Sell | 25K | $86.00 |
| 2025-11-11 | ZARRILLI STEPHEN T | Sell | 25K | $84.29 |
| 2025-11-11 | ZARRILLI STEPHEN T | Option exercise | 25K | $44.14 |
| 2025-11-10 | RHOADS ANN D | Sell | 2.0K | $85.00 |
| 2025-11-07 | RHOADS ANN D | Sell | 8.0K | $81.00 |
| 2025-09-15 | RHOADS ANN D | Sell | 10K | $58.46 |
| 2025-02-28 | RHOADS ANN D | Sell | 7.5K | $78.68 |
| 2025-01-10 | Pfeil Keith W | Sell | 1.7K | $89.17 |
| 2025-01-10 | Pfeil Keith W | Option exercise | 5.8K | $49.65 |
| 2025-01-10 | Pfeil Keith W | Option exercise | 8.3K | $53.27 |
| 2025-01-10 | Pfeil Keith W | Sell | 13K | $88.17 |
| 2025-01-02 | Davidar David D | Gift | 6.1K | — |
All non-derivative Form 4 activity (SEC), newest first.
Clinical trials
| Trial | Title | Phase | Status | Primary completion |
|---|---|---|---|---|
| NCT06298812 ↗ | REFLECT Scoliosis System Post Approval Study Idiopathic Scoliosis | NA | Recruiting | 2027-03-31 |
| NCT07589023 ↗ | A Retrospective Review: Outcomes of the REFLECT™ System for Idiopathic Scoliosis Idiopathic Scoliosis | — | Not Yet Recruiting | 2027-01-30 |
| NCT04088383 ↗ | Amnios™ RT Outcomes Study Plantar Fasciitis | NA | Completed | 2022-11-30 |
| NCT04257279 ↗ | Prospective Robotic Global Research Study (PROGRESS) Lumbar Disc Disease | NA | Unknown | 2021-12-01 |
| NCT03162666 ↗ | Patient Outcomes Using an Expandable Spacer Degenerative Disc Disease | — | Withdrawn | 2020-11-06 |
| NCT01861899 ↗ | Treatment of Sacroiliac Dysfunction With SI-LOK® Sacroiliac Joint Fixation SI-SI-LOK Joint Dysfunction | — | Completed | 2018-07-05 |
| NCT03371316 ↗ | Preliminary Investigation of ViaShield™ Amnion Patch as an Anti-Adhesive Barrier in Hemicraniectomies Hemicraniectomies | NA | Withdrawn | 2018-01-30 |
| NCT00401518 ↗ | A Pivotal Study of a Facet Replacement System to Treat Spinal Stenosis Lumbar Spinal Stenosis | NA | Completed | 2017-08-01 |
| NCT01441999 ↗ | Proximal Junctional Kyphosis Following Long Instrumented Spinal Fusion: The Effect of Implant Selection Kyphosis | NA | Withdrawn | 2016-12-01 |
| NCT01198470 ↗ | TRIUMPH Lumbar Artificial Disc IDE: A Pilot Study Lumbar Degenerative Disc Disease | NA | Completed | 2016-12-01 |
| NCT02075554 ↗ | Study of an Expandable Interbody Device for the Lumbar Spine Degenerative Disc Disease | NA | Completed | 2016-11-01 |
| NCT02184520 ↗ | A Prospective Randomized Postmarket Clinical Study of the TRANSITION Stabilization System Acute Instabilities Thoracic, Lumbar and Sacral Spine, Chronic Instabilities Thoracic, Lumbar and Sacral Spine | NA | Terminated | 2016-10-20 |
| NCT02299323 ↗ | INDEPENDENCE Spacer for Lumbar Fusion Degenerative Disc Disease | — | Completed | 2016-08-01 |
| NCT01156675 ↗ | Study Evaluating the Safety and Effectiveness of the FLEXUS(TM) Interspinous Spacer Lumbar Spinal Stenosis | NA | Terminated | 2015-07-01 |
| NCT02388022 ↗ | A Retrospective Study Using CALIBER® TLIF Expandable Spacer in the Treatment of DDD: 2 Year Follow-up. Degenerative Disc Disease | — | Completed | 2015-01-01 |
| NCT00882661 ↗ | SECURE®-C Cervical Artificial Disc Clinical Study/ SECURE-C Cervical Artificial Disc Postmarket Approval Study Symptomatic Cervical Disc Disease | NA | Completed | 2010-04-01 |
Source: ClinicalTrials.gov (U.S. NIH) · active studies first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-04 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-05-07 | ResultsExhibits | filing ↗ |
| 2026-03-23 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-02-24 | ResultsExhibits | filing ↗ |
| 2026-01-07 | ResultsExhibits | filing ↗ |
| 2025-11-06 | ResultsExhibits | filing ↗ |
| 2025-08-07 | ResultsExhibits | filing ↗ |
| 2025-07-21 | ResultsExec/director changeReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-04 | 2026-06-03 | 0001628280-26-040784 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001628280-26-032164 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001628280-26-032290 ↗ |
| 8-K | 2026-03-23 | 2026-03-23 | 0001628280-26-020612 ↗ |
| 10-K | 2026-02-24 | 2025-12-31 | 0001628280-26-011209 ↗ |
| 8-K | 2026-02-24 | 2026-02-24 | 0001628280-26-011124 ↗ |
| 8-K | 2026-01-07 | 2026-01-07 | 0001628280-26-001189 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001237831-25-000029 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001237831-25-000031 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0001562762-25-000200 ↗ |
| 8-K | 2025-08-07 | 2025-08-07 | 0001562762-25-000198 ↗ |
| 8-K | 2025-07-21 | 2025-07-18 | 0001562762-25-000166 ↗ |