Inspire Medical Systems (INSP) Operating Margin (2017 - 2026)
Inspire Medical Systems' Operating Margin was -13.89% in Q3 2026, down 18.19 percentage points from 4.30% a year earlier and down 13.64 percentage points from the prior quarter.
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Analysis
Inspire Medical Systems (INSP) Operating Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Inspire Medical Systems' Operating Margin was 1.79% through Sep 30, 2026, down 2.37 percentage points year-over-year; for FY2025, it came in at 5.59%, up 1.09 percentage points from FY2024.
- Operating Margin has now increased for five consecutive years, with a five-year change of +54.30 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 4.49% in FY2024 (+10.94 pp), -6.45% in FY2023 (+5.22 pp), -11.67% in FY2022 (+5.41 pp) and -17.07% in FY2021 (+31.64 pp).
- The Q3 2026 figure marks the lowest quarterly Operating Margin since Q1 2023.
- Compared with a year earlier, Operating Margin was higher in five of the last eight quarters, with an average year-over-year change of -0.34 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q3 2024 (a gain of 15.83 percentage points); the worst was Q3 2026 (a drop of 18.19 percentage points).
- Per Business Quant data, INSP's Operating Margin in the three quarters before Q3 2026 was -0.26% (Q2 2026), -0.55% (Q1 2026) and 17.14% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 265.71 Bn | 242.23 Bn | 5.13 Bn | 18.65% |
| 2 | Abbott Laboratories | 189.37 Bn | 163.23 Bn | 7.39 Bn | 10.44% |
| 3 | Danaher | 164.78 Bn | 144.43 Bn | 3.84 Bn | 19.00% |
| 4 | Intuitive Surgical | 157.85 Bn | 138.13 Bn | 2.08 Bn | 19.44% |
| 5 | Medtronic | 129.66 Bn | 94.91 Bn | 6.34 Bn | 18.08% |
| 6 | Stryker | 121.82 Bn | 108.01 Bn | 4.25 Bn | 15.86% |
| 7 | Boston Scientific | 63.42 Bn | 58.86 Bn | 3.43 Bn | 16.12% |
| 8 | Edwards Lifesciences | 59.49 Bn | 42.69 Bn | 1.35 Bn | 17.44% |
| 9 | Becton Dickinson | 58.38 Bn | 55.53 Bn | 2.32 Bn | 13.31% |
| 10 | Inspire Medical Systems | 1.83 Bn | 589.02 Mn | 177.86 Mn | -13.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -13.89% |
| Jun 30, 2026 | -0.26% |
| Mar 31, 2026 | -0.55% |
| Dec 31, 2025 | 17.14% |
| Sep 30, 2025 | 4.30% |
| Jun 30, 2025 | -1.53% |
| Mar 31, 2025 | -0.74% |
| Dec 31, 2024 | 13.30% |
| Sep 30, 2024 | 7.05% |
| Jun 30, 2024 | 2.60% |
| Mar 31, 2024 | -9.28% |
| Dec 31, 2023 | 4.83% |
| Sep 30, 2023 | -8.79% |
| Jun 30, 2023 | -10.99% |
| Mar 31, 2023 | -15.25% |
| Dec 31, 2022 | -0.24% |
| Sep 30, 2022 | -15.75% |
| Jun 30, 2022 | -15.33% |
| Mar 31, 2022 | -23.14% |
| Dec 31, 2021 | -2.32% |
API Access
Inspire Medical Systems Operating 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=operating-margin&ticker=INSP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=INSP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();