• Globus Medical average return on tangible equity for 2023 was 10.5, a 1.69% decline from 2022.
• Globus Medical average return on tangible equity for 2022 was 10.68, a 11.22% decline from 2021.
• Globus Medical average return on tangible equity for 2021 was 12.03, a 28.12% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.