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Inspire Medical Systems profit margin INSP

Gross, operating and net profit as a share of revenue over the last twelve months, from 2017.

Net margin, 12 months
15.0%
Operating margin, 12 months
6.0%
Net margin on a year earlier
+8.9 pts
Peer median
4.3%

Over the twelve months to Jun 30, 2026, Inspire Medical Systems kept 15.0% of its revenue as net profit, with an operating margin of 6.0% and a gross margin of 86.1%.

Five years earlier its net margin was −26.9%.

The median for 10 medical instruments and supplies stocks of a similar size is 4.3%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY202515.9%5.6%85.4%
FY20246.7%4.5%84.7%
FY2023−3.4%−6.4%84.5%
FY2022−11.0%−11.7%83.8%
FY2021−18.0%−17.1%85.7%
FY2020−49.6%−48.7%84.7%
FY2019−40.5%−42.5%83.4%
FY2018−43.1%−40.3%80.1%
FY2017−61.3%−56.0%78.9%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY2615.0%+8.9 pts6.0%
Q1 FY2614.3%+6.4 pts5.6%
Q4 FY2515.9%+9.3 pts5.6%
Q3 FY255.0%+0.7 pts4.2%
Q2 FY256.2%+5.3 pts4.8%
Q1 FY257.9%+10.3 pts5.9%
Q4 FY246.7%+10.1 pts4.5%
Q3 FY244.4%+10.1 pts1.8%
Q2 FY240.9%+8.7 pts−2.0%
Q1 FY24−2.4%+7.0 pts−5.4%
Q4 FY23−3.4%+7.6 pts−6.4%
Q3 FY23−5.7%+8.7 pts−8.8%

Against its peers

Companies in Medical - Instruments & Supplies nearest Inspire Medical Systems' size, closest first, today.

CompanyProfit margin
INSPInspire Medical Systems15.0%
LMATLemaitre Vascular25.0%
UFPTUFP Technologies11.4%
EYENational Vision2.5%
ATRCAtriCure1.9%
WRBYWarby Parker0.8%
CDRECadre5.3%
BVSBioventus9.4%
STAAStaar Surgical1.1%
NVSTEnvista3.3%
IRMDIradimed26.7%
Peer median4.3%

Where Inspire Medical Systems ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Inspire Medical Systems

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.