What are Inspire Medical Systems's profit margins?

Inspire Medical Systems (INSP) runs a 85.8% gross margin and a 5.6% operating margin, with a 14.3% net margin.

Where do Inspire Medical Systems's ratios come from?

Every ratio is computed from Inspire Medical Systems's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Inspire Medical Systems INSP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	85.8%+1.1pp	85.4%+0.7pp	84.9%+0.1pp	84.5%-0.4pp	84.7%0.0pp
Operating margin	5.6%-0.3pp	5.6%+1.1pp	4.2%—	4.8%—	5.9%—
Net margin	14.3%+6.4pp	15.9%+9.3pp	5%—	6.2%—	7.9%—
Returns
Return on equity	18.4%+7.5pp	19.8%+11.3pp	6.5%—	8.1%—	10.9%—
Return on invested capital	7.7%-1.1pp	8%+1.2pp	5.4%—	6.9%—	8.7%—
Efficiency
Asset turnover	1.1×-0.1×	1.1×0.0×	1.1×0.0×	1.1×+0.1×	1.2×+0.1×
Liquidity
Current ratio	6.3×-2.7×	6.1×-1.1×	5.3×-2.6×	6.1×-3.1×	9×+1.1×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0.1×0.0×
Net debt / EBITDA	-1×-0.7×	-1.1×+1.7×	-1.6×—	-1.4×—	-0.3×—
Per Share
Book value per share	$27.61+31.6%	$26.25+16.3%	$22.52-1.0%	$22.97+9.5%	$20.97+5.5%
Valuation
Market capitalization	$1.24B-67.8%	$2.68B-51.8%	$2.19B-65.0%	$3.91B-1.4%	$4.74B-25.5%
Price / earnings	9.5×-48.6×	18.4×-85.4×	49.3×—	73.6×—	71.3×—
Price / sales	1.4×-3.2×	2.9×-4.0×	2.5×-5.8×	4.5×-1.1×	5.6×-4.0×
Price / book	1.6×-4.5×	3.4×-4.6×	3.3×-5.7×	5.8×-0.4×	7.5×-3.3×
EV / EBITDA	17.5×-48.1×	40.2×-87.4×	42.8×—	73.5×—	80.6×—

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Questions, answered.

What are Inspire Medical Systems's profit margins?: Inspire Medical Systems (INSP) runs a 85.8% gross margin and a 5.6% operating margin, with a 14.3% net margin.
Where do Inspire Medical Systems's ratios come from?: Every ratio is computed from Inspire Medical Systems's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.