Inspire Medical Systems (INSP) Gross Margin (2017 - 2026)
Inspire Medical Systems (INSP) reported Gross Margin of 86.47% for Q1 2026, up 173.0% on a YoY basis from 31.68% in Q1 2025, and little changed sequentially from 86.59% in Q4 2025.
Inspire Medical Systems (INSP) Gross Margin (2017 - 2026) Analysis & Trends
Inspire Medical Systems (INSP) has 10 years of Gross Margin data on file, last reported at 86.47% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 173.0% year-over-year to 86.47%; the trailing twelve-month figure through Mar 2026 stood at 85.78% (up 112.0% YoY), and the FY2025 full-year result was 85.39%, up 71.0% from the prior year.
- Gross Margin steadied at 86.47% in Q1 2026, 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.
- A 5-year average of 84.72% and a median of 84.75% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 414 bps in 2022 and surged 222 bps in 2023, its largest moves.
- Tracing INSP's Gross Margin over 5 years: stood at 83.94% in 2022, then grew by 2 bps to 85.43% in 2023, then fell by 1 bps to 84.99% in 2024, then increased by 2 bps to 86.59% in 2025, then declined by 0 bps to 86.47% in 2026.
- Business Quant data shows INSP's Gross Margin at 86.47% in Q1 2026, 86.59% in Q4 2025, and 85.85% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | 78.01% |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 62.95% |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | 45.22% |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 38.53% |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Inspire Medical Systems | 1.46 Bn | 1.17 Bn | 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% |