Inspire Medical Systems (INSP) Gross Margin (2017 - 2026)
Inspire Medical Systems' (INSP) quarterly Gross Margin came in at 86.47% in Q1 2026, up 173.0% year-on-year from 31.68% in Q1 2025, and little changed quarter-over-quarter from 86.59% in Q4 2025.
Inspire Medical Systems (INSP) Gross Margin (2017 - 2026) Analysis & Trends
Inspire Medical Systems has disclosed Gross Margin across 10 years of filings, most recently posting 86.47% for Q1 2026.
- Gross Margin for Q1 2026 came in at 86.47%, up 173.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 85.78% (up 112.0% YoY), and the FY2025 annual result was 85.39%, up 71.0% from the prior year.
- Gross Margin came in at 86.47% for Q1 2026 at Inspire Medical Systems, roughly flat from 86.59% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 86.59% in Q4 2025 to a low of 81.88% in Q3 2022.
- The 5-year median for Gross Margin is 84.75% (2025), against an average of 84.72%.
- Across the five-year window, Gross Margin tumbled 414 bps in 2022 and surged 222 bps in 2023, its largest moves.
- Inspire Medical Systems' Gross Margin stood at 83.94% in 2022, then increased by 2 bps to 85.43% in 2023, then retreated by 1 bps to 84.99% in 2024, then rose by 2 bps to 86.59% in 2025, then fell by 0 bps to 86.47% in 2026.
- The last three Gross Margin figures came in at 86.47% (Q1 2026), 86.59% (Q4 2025), and 85.85% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 63.83% |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 78.01% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 45.22% |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 62.95% |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 38.53% |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 43.89% |
| 10 | Inspire Medical Systems | 1.22 Bn | 933.64 Mn | 176.91 Mn | 86.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 86.47% |
| Dec 31, 2025 | 86.59% |
| Sep 30, 2025 | 85.85% |
| Jun 30, 2025 | 84.03% |
| Mar 31, 2025 | 84.75% |
| Dec 31, 2024 | 84.99% |
| Sep 30, 2024 | 84.06% |
| Jun 30, 2024 | 84.77% |
| Mar 31, 2024 | 84.91% |
| Dec 31, 2023 | 85.43% |
| Sep 30, 2023 | 84.10% |
| Jun 30, 2023 | 83.95% |
| Mar 31, 2023 | 84.45% |
| Dec 31, 2022 | 83.94% |
| Sep 30, 2022 | 81.88% |
| Jun 30, 2022 | 84.49% |
| Mar 31, 2022 | 85.58% |
| Dec 31, 2021 | 85.77% |
| Sep 30, 2021 | 86.02% |
| Jun 30, 2021 | 85.80% |