Inspire Medical Systems, Inc.: stock overview

INSPNYSEHealthcare · Surgical & Medical Instruments & Apparatus

Price

$61.10

November 13, 2026Market cap $1.7B

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See the plans
  • The full history: 10 fiscal years, from 2016
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • Most of the reported profit is a tax credit, not money earned from customers. We leave out the P/E and the earnings growth, which would not compare with a company that paid tax.
  • Profit over the last twelve months is well above what the business itself earned, because it includes large gains outside the business, such as on investments or from selling a business. The P/E is lower than the business alone would give.

In short

Inspire Medical Systems had revenue of $881M over the last 12 months and net income of $101M, a net margin of 11.4%. Revenue grew by 51.2% a year on average over the last 5 years. It holds more cash than debt, by $328M. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$1.7B
28.59M shares
P/E
–
Revenue, 12 months
$881M
+51.2% a year over 5 years
Net margin
11.4%
2025: 16.0%, above 85% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+20.8% a year over 2 years

  • 202510-K
    Revenue$912M
  • 202410-K
    Revenue$803M
  • 202310-K
    Revenue$625M

Fiscal years in figures

INSP's revenue, profit, cash flow and dividend with each year-end price, from 2016 to 2022, 7 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $5.5B
$1.7B
Enterprise value 
$1.4B
P/E 
–
EV / EBIT 
90.0
EV / Revenue 
1.6
P/B 3-year median: 8.0
2.1
FCF yield 3-year median: 1.7%
5.6%
Earnings yield 3-year median: 0.9%
–

Profitability

Gross margin 
86.2%
Operating margin 
1.8%
Net margin 3-year median: 6.7%
11.4%
ROIC 
1.6%
ROIC, 5-year average 
-3.2%
ROE 
12.9%

Growth

Revenue, yearly change 
+13.6%
EPS, yearly change 
–
FCF, yearly change 
-13.9%
Revenue, average a year 
+51.2%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$328M
Total debt 
$29M
Of which operating leases 
$29M
Net cash 
$328M
Net debt / EBITDA 
-11.0x
Interest cover 
115.1x
Current ratio 
6.45

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
10.02%
Total returned 
10.02%
Shares, yearly change 
-3.6%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 38).

Gross margin

85.4%

Above 97% of the 161 companies in its industry, and 98% of all.

Operating margin

5.6%

Above 54% of the 186 companies in its industry, and 52% of all.

Net margin

16.0%

Above 85% of the 189 companies in its industry, and 77% of all.

ROE

18.6%

Above 85% of the 174 companies in its industry, and 82% of all.

ROA

16.0%

Above 94% of the 190 companies in its industry, and 95% of all.

Revenue growth

13.6%

Above 67% of the 186 companies in its industry, and 71% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Inspire Medical Systems, Inc.
CIK
1609550
Exchange
NYSE
Industry (SIC)
3841 · Surgical & Medical Instruments & Apparatus
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
28.59M

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The full analysis

What do Inspire Medical Systems's filings show?

These are Inspire Medical Systems's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about INSP

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What is INSP's market cap?

Inspire Medical Systems, Inc.'s market cap is $1.7B, at a price of $61.10 on November 13, 2026 and 28.59M shares.

How much revenue does INSP have?

Inspire Medical Systems had revenue of $881M over the last 12 months. Over the last 5 years it changed by +51.2% a year on average.

Does INSP pay a dividend?

No. Inspire Medical Systems paid no regular dividend over the last 12 months.

Where do the figures come from?

From Inspire Medical Systems, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.