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Insmed INSM Debt-to-equity

Debt-to-equity at other companies

Incyte logo
IncyteINCY
0.0×
Amgen logo
AmgenAMGN
6.2×-3.0×
ALN
Alnylam PharmaceuticalsALNY
0.2×-0.4×
Neurocrine Biosciences logo
Neurocrine BiosciencesNBIX
0.1×-0.1×
Johnson & Johnson logo
Johnson & JohnsonJNJ
0.7×0.0×
Regeneron Pharmaceuticals logo
Regeneron PharmaceuticalsREGN
0.1×0.0×

Other financials

Income statement

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Revenue$306.0M+230%
Gross profit$258.5M+261%
Operating income-$153.3M+38.2%
Net income-$163.6M+36.3%
EPS (diluted)-$0.76+46.5%

Balance sheet

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Cash & equivalents$582.2M+44.4%
Total debt$580.3M-49.2%
Total equity$704.9M+611%
Total assets$2.1B+15.2%

Cash flow

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Operating cash flow-$222.7M+15.0%
CapEx$3.5M-65.4%
Free cash flow-$226.2M+16.9%

Valuation

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Market cap$21.34B+155%
Enterprise value$21.34B+142%
P/S26×+4.1×

Profitability

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Gross margin81.8%+5.3pp
Operating margin-140.6%-43.9pp
Net margin-144.4%-45.3pp

Returns & leverage

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Return on equity-294.5%
Current ratio4.5×-1.4×

Where this comes from

Calculated from Insmed’s reported figures.

Based on the most recent quarter.

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

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Questions, answered.

What is Insmed's debt-to-equity?
Insmed (INSM) reported debt-to-equity of 0.8× in Q1 2026.
How has Insmed's debt-to-equity changed year-over-year?
Insmed's debt-to-equity decreased by 92.9% year-over-year, from 11.5× to 0.8×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.