What is Globus Medical's net debt?

Globus Medical (GMED) reported net debt of -$444.69M in Q1 2026.

How has Globus Medical's net debt changed year-over-year?

Globus Medical's net debt decreased by 20.8% year-over-year, from -$368.26M to -$444.69M.

What is the long-term trend for Globus Medical's net debt?

Over 5 years (2020 to 2025), Globus Medical's net debt has grown at a 11.6% compound annual growth rate (CAGR), from -$234.6M to -$406.37M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Globus Medical GMED Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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-8.1×-18.6×

Axalta Coating SystemsAXTA

2.5×-0.2×

Zillow Group, Inc.ZG

-2.1×-4.3×

Federal SignalFSS

1.1×+0.4×

Clearwater AnalyticsCWAN

7.3×+5.0×

Protagonist TherapeuticsPTGX

-5.1×—

Other financials

Income statement

See full

Revenue$759.9M+27.0%

Gross profit$525.8M+30.6%

Operating income$150.4M+55.0%

Net income$124.3M+64.7%

EPS (diluted)$0.90+66.7%

Balance sheet

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Cash & equivalents$561.0M+21.6%

Total debt$116.3M+25.0%

Total equity$4.7B+15.8%

Total assets$5.4B+15.5%

Cash flow

See full

Operating cash flow$202.4M+14.1%

CapEx$39.6M+9.7%

Free cash flow$162.7M+15.3%

Valuation

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Market cap$10.76B+15.7%

Enterprise value$10.31B+15.6%

P/E18.3×-31.7×

P/S3.5×-0.2×

Profitability

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Gross margin67.9%+7.3pp

Operating margin17.2%+7.0pp

Net margin18.9%+11.5pp

FCF margin19.7%-1.1pp

Returns & leverage

See full

Return on equity13.3%+8.7pp

Debt / equity0×0.0×

Current ratio4.6×+0.1×

Where this comes from

Calculated from Globus Medical’s reported figures.

$116.3Mtotal debt−$561.0Mcash and equivalents=-$444.69M

The official record: Globus Medical’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Globus Medical's net debt?: Globus Medical (GMED) reported net debt of -$444.69M in Q1 2026.
How has Globus Medical's net debt changed year-over-year?: Globus Medical's net debt decreased by 20.8% year-over-year, from -$368.26M to -$444.69M.
What is the long-term trend for Globus Medical's net debt?: Over 5 years (2020 to 2025), Globus Medical's net debt has grown at a 11.6% compound annual growth rate (CAGR), from -$234.6M to -$406.37M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.