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Insmed INSM Gross margin

Gross margin at other companies

United Therapeutics logo
United TherapeuticsUTHR
86.6%-2.4pp
ANI Pharmaceuticals logo
ANI PharmaceuticalsANIP
60.8%+1.5pp
Innoviva, Inc. logo
Innoviva, Inc.INVA
73.7%-9.9pp
Mannkind logo
MannkindMNKD
91.5%-2.6pp

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$21.37B+1.1%
Enterprise value$21.37B+4.6%
P/S26.1×-27.0×

Profitability

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Operating margin-140.6%-43.9pp
Net margin-144.4%-45.3pp
FCF margin-112.5%-35.3pp

Returns & leverage

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Return on equity-294.5%
Debt / equity0.8×-10.7×
Current ratio4.5×-1.4×

Where this comes from

Calculated from Insmed’s reported figures.

Based on trailing twelve months.

The source filing: Insmed’s 10-Q, filed May 7, 2026. Open the filing →

Filed
May 7, 2026, 7:00 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104506-26-000032

FAQ

What is Insmed's gross margin?
Insmed (INSM) reported gross margin of 81.8% in Q1 2026.
How has Insmed's gross margin changed year-over-year?
Insmed's gross margin increased by 6.9% year-over-year, from 76.5% to 81.8%.
What is the long-term trend for Insmed's gross margin?
Over 5 years (2020 to 2025), Insmed's gross margin has grown at a 1.0% compound annual growth rate (CAGR), from 75.7% to 79.7%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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