Inspire Medical Systems (INSP) Net Margin (2017 - 2026)
Inspire Medical Systems' Net Margin came in at -11.80% for Q3 2026, down 16.23 percentage points from 4.42% a year earlier and down 11.96 percentage points from the prior quarter.
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Analysis
Inspire Medical Systems (INSP) Net Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Inspire Medical Systems reported Net Margin of 11.43%, up 6.38 percentage points year-over-year; for FY2025, it was 15.95%, up 9.28 percentage points from FY2024.
- Net Margin has increased in each of the last five years, with a five-year change of +65.52 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 6.67% in FY2024 (+10.05 pp), -3.39% in FY2023 (+7.62 pp), -11.00% in FY2022 (+7.01 pp) and -18.01% in FY2021 (+31.56 pp).
- The Q3 2026 figure represents the lowest quarterly Net Margin since Q1 2023.
- Year-over-year, Net Margin increased in four of the last eight quarters, with an average year-over-year change of +2.22 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q4 2025 (a gain of 35.88 percentage points), and the weakest in Q3 2026 (a drop of 16.23 percentage points).
- Business Quant data shows INSP's Net Margin at 0.16% (Q2 2026), -5.52% (Q1 2026) and 50.58% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 14.18% |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 7.07% |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 18.84% |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 17.15% |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 11.55% |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 11.33% |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 17.57% |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 4.09% |
| 10 | Inspire Medical Systems | 1.80 Bn | 563.17 Mn | 177.86 Mn | -11.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -11.80% |
| Jun 30, 2026 | 0.16% |
| Mar 31, 2026 | -5.52% |
| Dec 31, 2025 | 50.58% |
| Sep 30, 2025 | 4.42% |
| Jun 30, 2025 | -1.65% |
| Mar 31, 2025 | 1.49% |
| Dec 31, 2024 | 14.69% |
| Sep 30, 2024 | 9.10% |
| Jun 30, 2024 | 5.00% |
| Mar 31, 2024 | -6.10% |
| Dec 31, 2023 | 7.67% |
| Sep 30, 2023 | -5.57% |
| Jun 30, 2023 | -7.91% |
| Mar 31, 2023 | -12.06% |
| Dec 31, 2022 | 2.26% |
| Sep 30, 2022 | -15.43% |
| Jun 30, 2022 | -15.86% |
| Mar 31, 2022 | -24.06% |
| Dec 31, 2021 | -3.05% |
API Access
Inspire Medical Systems Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=INSP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "INSP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=INSP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();