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MiniMed Group vs Globus Medical: MMED and GMED compared
MiniMed Group is the larger company: $843M of revenue in its latest quarter (Q2 2026) against $764M for Globus Medical (Q3 2026). MiniMed Group is growing faster (+17% against -0.7% a year earlier). Globus Medical is more profitable, with an operating margin of 23.2% against 0.6%.
Where the money goes: MMED and GMED
MiniMed Group (MMED) · Q2 2026
MiniMed Group, Q2 2026: revenue $843M (+17% year over year), operating margin 0.6%, net earnings $0, operating cash flow −$49.0M. The chart follows the revenue to costs, profit and cash.
Globus Medical (GMED) · Q3 2026
Globus Medical, Q3 2026: revenue $764M (-0.7% year over year), operating margin 23.2%, net earnings $141M, operating cash flow $265M. The chart follows the revenue to costs, profit and cash.
| MiniMed Group (MMED) | Globus Medical (GMED) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $843M | $764M |
| Revenue growth, Y/Y | +17% | -0.7% |
| Gross margin | 55.2% | — |
| Operating margin | 0.6% | 23.2% |
| Net earnings | $0 | $141M |
| Net margin | 0.0% | 18.5% |
| Operating cash flow | −$49.0M | $265M |
| Free cash flow | — | $225M |
| Market value | $4.7B | $9.7B |
| P/E | — | 17.3× |
| Analysts’ mean target | $25.47 | $96.54 |
Where the revenue comes from
MiniMed Group
- CGM: $431M (51%)
- Consumables: $261M (31%)
- Pumps: $144M (17%)
- Other: $7.0M (1%)
Globus Medical
- Musculoskeletal Solutions: $729M (95%)
- Enabling Technologies: $34.9M (5%)
Questions
Which is bigger, MiniMed Group or Globus Medical?
MiniMed Group is the larger company: $843M of revenue in its latest quarter (Q2 2026) against $764M for Globus Medical (Q3 2026).
Is MiniMed Group or Globus Medical growing faster?
MiniMed Group is growing faster (+17% against -0.7% a year earlier).
Which is more profitable, MiniMed Group or Globus Medical?
Globus Medical is more profitable, with an operating margin of 23.2% against 0.6%.
More: MiniMed Group earnings · how MiniMed Group makes money · Globus Medical earnings · how Globus Medical makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 8, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.