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NYSE · Medical Devices · USD

Inspire Medical Systems, Inc. (INSP) Stock Analysis

Inspire Medical Systems, Inc. (INSP) is a Medical Devices stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

INSP

$71.07

−$0.27 (−0.38%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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INSP Key Statistics

As of Oct 21, 2026
Trading
Open
$70.84
Previous Close
$71.34
Day's Range
70.41–72.44
52-Week Range
38.91–147.03
Volume
554.25K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.73
Valuation
Market Cap
$2.05B
P/E Ratio
15.65
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
46.26
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.29
EPS (ttm)Profit attributable to each share over the last twelve months.
4.54
Financials (FY)
Revenue (FY)
$911.98M+13.60%
Net Income (FY)
$145.42M+171.77%
Profit marginThe share of revenue left as profit after all costs and taxes.
15.03%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
28.91M
1-Year Return
−14.16%
Dividend and dates
Earnings Date
November 2, 2026
Avg Volume
801.87K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, INSP closed at $71.07, −14.16% over 1 year.

Inspire Medical Systems, Inc. (INSP) has a market capitalization of $2.05B.

In fiscal 2025, INSP reported revenue of $911.98M.

INSP Stock Return by Calendar Year

Inspire Medical Systems, Inc. (INSP) return since May 2018: what $10,000 became

1 year
$10,000 $8,584
−14.16%
5 years
$10,000 $2,770
−72.30%
Since May 2018
$10,000 $28,451
+184.51%

If you had invested $10,000 in Inspire Medical Systems, Inc. (INSP) at the close on May 3, 2018, the earliest close on record here, it would have been worth $28,451 at the close on October 21, 2026: +184.51% in total, +13.14% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−22.94%
2025−50.25%
2024−8.87%
2023−19.24%
2022+9.48%
2021+22.31%
2020+153.46%
2019+75.64%
2018 (partial year)+69.14%

As of October 21, 2026.

INSP Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$911.98M$145.42M15.9%
2024$802.80M$53.51M6.7%
2023$624.80M−$21.15M−3.4%
2022$407.86M−$44.88M−11.0%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$911.98M$778.76M$50.95M$145.42M15.9%
2024$802.80M$679.82M$36.08M$53.51M6.7%
2023$624.80M$528.22M−$40.27M−$21.15M−3.4%
2022$407.86M$341.74M−$47.59M−$44.88M−11.0%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

INSP Valuation vs Medical Devices Median

Median of 145 stocks
MetricINSPMedical Devices medianvs median
P/E15.6527.0842% below
P/S ratio2.292.5310% below
Profit margin15.03%−14.78%29.8 pts above

Medians across 145 Medical Devices stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Inspire Medical Systems, Inc. (INSP) carries a market capitalisation of $2.05B. The company sits in the Healthcare sector, in the Medical Devices industry. The company reports 1,333 employees.

Over the past 52 weeks the price has ranged from $38.91 to $147.03. INSP last closed at $71.07 on October 21, 2026. That is −$0.27 (−0.38%) against the previous close. The latest close sits 82.65% above that 52-week low.

Financial Health

In fiscal 2025, Inspire Medical Systems, Inc. reported revenue of $911.98M. Against the prior fiscal year total of $802.80M, that is a change of +13.60%. The same year closed with net income of $145.42M. That is +171.77% against the prior fiscal year. The reported profit margin is 15.03%. That is 29.8 percentage points above the Medical Devices median of −14.78%. Trailing earnings per share are 4.54.

Across the 4 fiscal years on file, revenue moves from $407.86M in 2022 to $911.98M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 15.65 times earnings. That is 42.21% below the Medical Devices median of 27.08. The forward P/E on file is 46.26. Measured against sales, the shares trade at 2.29 times revenue. On price-to-sales that is 9.63% below the Medical Devices median of 2.53. 145 Medical Devices companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is −14.16%. Measured over 5 years, that is −22.64% a year compounded. The reported beta is 0.73. Annualized volatility over the trailing 8 years is 60.21%.

Growth & Income

The record shows no dividend for INSP.

The strongest complete calendar year on file is 2020 at +153.46%; the weakest is 2025 at −50.25%. Of the 7 complete calendar years on file, 4 finished higher. So far in 2026 the total return is −22.94%.

Peer Comparison

Inspire Medical Systems, Inc. (INSP) operates in the Medical Devices industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Inspire Medical Systems, Inc. INSP $2.05B 15.7
Abbott Laboratories ABT $173.92B 32.4
Medtronic plc. MDT $119.00B 22.9
Stryker Corporation SYK $114.15B 30.8

The Medical Devices industry average P/E ratio is 27.1x. Inspire Medical Systems, Inc. trades at a P/E of 15.7.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Inspire Medical Systems, Inc.

Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA) in the United States and internationally. The company offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for patients with moderate to severe OSA. It also develops a novel, closed-loop solution that continuously monitors a patient's breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. The company was incorporated in 2007 and is headquartered in Golden Valley, Minnesota.

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