InMode Ltd.

INMD Healthcare Medical Devices

InMode Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $370.5 million, down 6.16% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 31.0% and free cash flow fell 12.6%, each against the same quarter a year earlier.

14.16 0.16 −1.12%
Market cap
$824.0M
P/E
11.3×
Fwd P/E
11.8×
Dividend yield
—
F-score
4/9
Altman Z
10.45
Beneish M
−2.25
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 18.31%

Capital & Financial Ratios $m

Market Cap 824.03
Revenue 374.63
Net Income 77.51
Free Cash Flow 82.53
Net Debt (501.11)
Current Ratio 8.18 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 11.33
Fwd P/E 11.80
P/S ratio 2.23
P/B ratio 1.22
Past 5Y EPS Growth 9.95%
This Y EPS Growth (19.01%) (below 0%: weak)
Next Y EPS Growth 5.84%
Next Y revenue growth (0.05%) (below 0%: weak)
Next 5Y EPS Growth (3.28%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 39.99%
10-year low 10-year high
P/S against its own 10 years 1.05%
10-year low 10-year high
P/B against its own 10 years 0.44%
10-year low 10-year high
EV/Sales against its own 10 years 2.60%
10-year low 10-year high
EV/FCF against its own 10 years 11.34%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 742 596 555 501
Receivables 59 58 69 77
Inventory 45 60 74 72
Other — — — —
845 714 699 650
2023 2024 2025 Q'26
Payables 14 14 18 19
ST’ Debt — — — —
Other 50 56 53 61
64 70 71 79

Compound Annual Growth %

10y 5y 3y
Sales — 12.44% (6.57%)
Cash Flow — 1.48% (22.28%)
Earnings — 4.57% (16.56%)
Book Value — 21.74% 7.20%

Revenue $m

Mar Jun Sep Dec Year
’26 82 96 — — —
’25 78 96 93 104 370
’24 80 86 130 98 395
’23 106 136 123 127 492
’22 86 114 121 134 454
’21 66 87 94 111 358
’20 40 31 60 75 206
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 15 21 — — —
’25 14 24 24 23 85
’24 24 42 34 32 133
’23 21 53 41 61 177
’22 32 47 46 57 182
’21 25 47 50 53 175
’20 6 1 30 42 79
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 15 21 — — —
’25 14 24 24 22 84
’24 24 42 34 32 132
’23 21 53 41 61 176
’22 32 46 45 57 180
’21 25 46 50 53 174
’20 6 1 30 42 79
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.18 0.29 — — —
’25 0.26 0.42 0.34 0.42 1.43
’24 0.28 0.28 0.65 1.14 2.25
’23 0.47 0.65 0.54 0.64 2.30
’22 0.36 0.52 0.58 0.44 1.89
’21 0.32 0.48 0.52 0.61 1.92
’20 0.08 0.11 0.29 0.43 0.89
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — 6.53 6.57 22.65 20.60 18.57 14.87 13.14

Analyst estimates 2026–2028

Powerpack
High — — — 29.38 26.60 99.27 71.03 48.25 26.80 19.78
People
People Employees — — 209 251 311 362 480 581 599 660
Revenue/emp, $m — 0.00 0.48 0.62 0.66 0.99 0.95 0.85 0.66 0.56
Income, $m
Income, $m Revenue — 53 100 156 206 358 454 492 395 370
Gross margin, % — 83.06 84.97 87.06 85.03 85.01 83.82 83.60 80.31 78.54
EBT — 10 24 62 76 168 201 217 143 110
EBT margin, % — 18.33 23.59 39.68 36.94 46.99 44.35 44.16 36.34 29.78
Net income — 9 22 61 75 165 162 198 181 94
Depreciation — 0 0 0 0 1 1 1 1 1
Per share, $
Per share, $ Revenue — 1.02 1.88 2.67 2.86 4.39 5.51 5.89 4.98 5.73
Earnings — 0.17 0.42 1.05 1.04 2.03 1.96 2.37 2.29 1.45
Cash flow — 0.28 0.69 1.06 1.10 2.15 2.20 2.12 1.67 1.32
Capex — 0.00 (0.01) (0.01) (0.01) (0.01) (0.02) (0.01) (0.01) (0.01)
Free cash flow — 0.27 0.69 1.05 1.09 2.14 2.18 2.11 1.66 1.30
Book value — 0.37 0.84 3.08 3.54 5.11 6.72 9.43 8.87 10.57
Shares, m — 53 53 58 72 81 82 84 79 65
Valuation, ×
Valuation, × P/E — 10.66 10.66 18.95 23.27 35.11 17.99 9.34 7.05 10.06
P/S — 2.96 2.96 7.33 8.31 16.08 6.40 3.77 3.35 2.56
P/B — 6.62 6.62 6.37 6.70 13.82 5.24 2.36 1.88 1.39
EV/Sales — 2.29 2.29 6.09 7.04 14.91 5.20 2.27 1.84 1.06
EV/FCF — 7.59 7.59 15.48 18.43 30.66 13.12 6.33 5.51 4.68
Cash, $m
Cash, $m Operating cash flow — 15 37 62 79 175 182 177 133 85
Capex — 0 0 (1) 0 (1) (2) (1) (1) (1)
Free cash flow — 14 37 62 79 174 180 176 132 84
Balance, $m
Balance, $m Working capital — 24 48 181 255 418 547 781 645 628
Total debt — — — 1 1 5 5 — — —
Net debt — (25) (61) (193) (261) (416) (547) (742) (596) (555)
Shareholders’ equity — 19 45 180 255 416 555 787 704 683
Returns, %
Returns, % ROA — 14.64 37.13 40.84 29.19 42.61 28.77 26.25 21.99 12.09
ROIC — 0.00 0.00 0.00 0.00 0.00 1,709.17 267.20 65.52 41.74
ROE — 28.12 69.77 54.48 34.47 49.15 33.29 29.50 24.31 13.53
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

InMode Ltd. vs peers in Medical Devices (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LMRI Lumexa Imaging Holdings, Inc. $1.0B — (loss-making) 14.2× +7.82% (above 0%: growing) n/m +257.54% (above 0%: growing) 14.72% 8.72% Compare
PRCT PROCEPT BioRobotics Corporation $1.0B — (loss-making) — (loss-making) +19.34% (above 0%: growing) n/m −24.43% (below 0%: shrinking) 66.01% (28.98%) Compare
QDEL QuidelOrtho Corporation $953.9M — (loss-making) — (loss-making) +2.77% (above 0%: growing) n/m −61.45% (below 0%: shrinking) 43.26% (3.46%) Compare
BBNX Beta Bionics, Inc. $933.8M — (loss-making) — (loss-making) +37.76% (above 0%: growing) n/m −1.87% (below 0%: shrinking) 59.04% (79.90%) Compare
SIBN SiBone $892.3M — (loss-making) — (loss-making) +15.18% (above 0%: growing) n/m +60.12% (above 0%: growing) 79.54% (8.58%) Compare
AHCO AdaptHealth Corp. $871.2M — (loss-making) 13.2× +12.66% (above 0%: growing) n/m −128.56% (below 0%: shrinking) 14.08% (18.61%) Compare
INMD InMode Ltd. $824.0M 11.3× 11.8× −0.01% (below 0%: shrinking) −30.95% (below 0%: shrinking) −12.63% (below 0%: shrinking) 74.82% 12.82%
VREX VAREX IMAGING $784.3M 34.7× 43.4× +3.69% (above 0%: growing) n/m +757.14% (above 0%: growing) 36.44% 10.83% Compare
CTKB Cytek Biosciences, Inc. $703.2M — (loss-making) — (loss-making) +5.57% (above 0%: growing) n/m +42.50% (above 0%: growing) 58.87% (23.68%) Compare
Median of peers $913.1M — 14.2× +10.24% — +20.32% 51.07% (13.59%)

All 149 Medical Devices stocks →

InMode Ltd. (INMD) key facts

  • Concern: InMode Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $370.5 million, down 6.16% from fiscal 2024.
  • InMode Ltd. (INMD) is a Medical Devices company in the Healthcare sector, listed on Nasdaq.
  • As of October 16, 2026, INMD traded at $14.16, a market capitalization of $824.0 million.
  • Return on equity was 13.5% and debt-to-equity 0.00.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 10.45 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

InMode Ltd. (INMD) Latest News

stockrow.com/INMD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com