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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM 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%—	5.6%—	4.2%—	——	——
Net margin	14.3%—	15.9%—	5%—	——	——
EBITDA margin	7.4%—	7.1%—	5.6%—	——	——
Free cash flow margin	10.6%+1.2pp	8.6%-2.7pp	11.2%+6.1pp	9.9%+11.2pp	9.4%+8.9pp
Returns
Return on equity	18.4%—	19.8%—	6.5%—	——	——
Return on assets	16%—	17%—	5.6%—	——	——
Return on invested capital	7.7%—	8%—	5.4%—	——	——
Efficiency
Asset turnover	1.1×-0.1×	1.1×0.0×	1.1×0.0×	1.1×+0.1×	1.2×+0.1×
Inventory turnover	1×-0.8×	1.2×-1.0×	1.3×-1.2×	1.5×-1.2×	1.7×-1.4×
Liquidity
Current ratio	6.3×-2.7×	6.1×-1.1×	5.3×-2.6×	6.1×-3.1×	9×+1.1×
Quick ratio	4.5×-3.0×	4.6×-1.7×	4×-2.9×	4.8×-3.5×	7.4×+0.2×
Cash ratio	1.1×+0.3×	1.1×-0.6×	1×-1.0×	1.1×-1.7×	0.8×-1.6×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0.1×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-1×—	-1.1×—	-1.6×—	——	——
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-67.6%	$2.68B-51.8%	$2.19B-65.0%	$3.91B-1.4%	$4.74B-25.5%
Enterprise value	$1.18B-69.2%	$2.61B-52.0%	$2.11B-65.6%	$3.84B+0.9%	$4.72B-24.0%
Price / earnings	9.5×-48.2×	18.4×—	49.3×—	——	——
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	17.6×-48.0×	40.2×—	42.8×—	——	——
EV / sales	1.3×-3.3×	2.9×-3.9×	2.4×-5.7×	4.5×-0.9×	5.6×-3.8×
Free cash flow yield	7.7%+5.7pp	2.9%+1.3pp	4.5%+3.9pp	2.2%+2.4pp	1.7%+1.6pp
Earnings yield	10.5%+8.8pp	5.4%—	2%—	——	——

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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.