INSULET CORP
PODD· Nasdaq· Surgical & Medical Instruments & Apparatus
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 13.9%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +24.5%
We record prices for the companies we cover; PODD is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 71.9M
- Revenue
- $2.7B
- Free cash flow
- $377.7M
- Owner earnings
- $315.0M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 71.6%
- Operating
- 17.5%
- Net
- 9.1%
- Free cash flow
- 13.9%
- Owner earnings
- 11.6%
- Stock pay
- 2.3%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 16.3%
- ROE, 5 yr avg
- 16.6%
Growth (CAGR)
- Revenue, 3 yr
- 36.9%
- Revenue, 5 yr
- 24.5%
- Revenue, 9 yr
- 24.9%
- Diluted EPS, 3 yr
- 267.7%
- Diluted EPS, 5 yr
- 103.4%
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $716.1M
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 1.7%
Financials: ten years from the 10-Ks
Revenue
$2.7B
+24.9% a year over 9 years
FY2016FY2025
Margins
Gross71.6%Operating17.5%Net9.1%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$377.7MOwner earnings$315.0M
FY2025
FY2016FY2025
Diluted shares
71.9M
+25.6% over 9 years, net dilution
FY2016FY2025
Return on invested capital
–
FY2025
FY2016FY2025
Net debt (below zero)
–
$712.0M more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $367.0M | $463.8M | $563.8M | $738.2M | $904.4M | $1.0B | $1.1B | $1.7B | $2.1B | $2.7B |
| Revenue growth | 39.1% | 26.4% | 21.6% | 30.9% | 22.5% | 15.1% | 1.4% | 60.8% | 22.1% | 30.7% |
| Gross margin | 57.5% | 59.8% | 65.7% | 65.1% | 64.4% | 72.3% | 76.3% | 68.3% | 69.8% | 71.6% |
| Operating margin | -2.9% | -1.6% | 4.9% | 6.8% | 5.7% | 12.1% | 3.6% | 13.0% | 14.9% | 17.5% |
| Net income | -$28.9M | -$26.8M | $3.3M | $11.6M | $6.8M | $16.8M | $4.6M | $206.3M | $418.3M | $247.1M |
| Net margin | -7.9% | -5.8% | 0.6% | 1.6% | 0.8% | 1.6% | 0.4% | 12.2% | 20.2% | 9.1% |
| Diluted EPS | $-0.48 | $-0.46 | $0.05 | $0.19 | $0.10 | $0.24 | $0.07 | $2.94 | $5.78 | $3.48 |
| Return on invested capital? | – | – | 3.4% | 6.8% | 5.0% | 10.1% | 1.5% | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $15.9M | $41.3M | $35.9M | $98.4M | $84.0M | -$68.1M | $119.0M | $145.7M | $430.2M | $569.3M |
| Capital expenditure | $22.1M | $73.8M | $157.4M | $163.7M | $129.0M | $111.9M | $122.9M | $75.6M | $124.9M | $191.6M |
| Free cash flow | -$6.2M | -$32.5M | -$121.5M | -$65.3M | -$45.0M | -$180.0M | -$3.9M | $70.1M | $305.3M | $377.7M |
| Stock-based compensation | $23.6M | $31.9M | $37.5M | $28.7M | $35.9M | $34.4M | $40.9M | $48.4M | $69.3M | $62.7M |
| Owner earnings? | -$29.8M | -$64.4M | -$159.0M | -$94.0M | -$80.9M | -$214.4M | -$44.8M | $21.7M | $236.0M | $315.0M |
| Free cash flow per share | $-0.11 | $-0.56 | $-1.99 | $-1.05 | $-0.68 | $-2.62 | $-0.06 | $0.95 | $4.13 | $5.25 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | – | – | – | – | – | – | – | $0 | $0 | $59.6M |
| Diluted shares | 57.3M | 58.0M | 61.0M | 62.3M | 65.9M | 68.6M | 69.9M | 73.6M | 73.9M | 71.9M |
| Share count change? | – | 1.3% | 5.2% | 2.1% | 5.8% | 4.0% | 1.9% | 5.3% | 0.4% | -2.7% |
| Balance sheet | ||||||||||
| Cash and equivalents | $137.2M | $272.6M | $113.9M | $213.7M | $907.2M | $806.4M | $689.8M | $704.2M | $953.4M | $716.1M |
| Short-term investments | – | – | $175.0M | $162.4M | $40.4M | $0 | – | – | – | – |
| Total debt | $332.8M | $566.2M | $592.0M | $887.9M | $1.1B | $1.3B | $1.4B | – | – | – |
| Net debt | $195.6M | $293.6M | $303.1M | $511.8M | $111.7M | $467.5M | $712.0M | – | – | – |
| Shareholders' equity | $63.1M | $158.5M | $212.1M | $75.9M | $603.6M | $556.3M | $476.4M | $732.7M | $1.2B | $1.5B |
Latest filings
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-08-05 | 8-K | Earnings release |
| 2026-05-06 | 10-Q | Quarterly report |
| 2026-05-06 | 8-K | Earnings release |
| 2026-04-06 | DEF 14A | Proxy statement |
| 2026-02-18 | 10-K | Annual report |
| 2026-02-18 | 8-K | Earnings release |
| 2025-11-06 | 10-Q | Quarterly report |
| 2025-11-06 | 8-K | Earnings release |
| 2025-08-07 | 10-Q | Quarterly report |
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