Friday 6 November 2026 Export INSM’s income statement to Excel — free account

Insmed, Inc.

INSM Healthcare Biotechnology

Insmed, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $606.4 million, up 66.7% from fiscal 2024.

Revenue: +268.4%
EPS: +73.8%
Free cash flow: +81.1%
Total debt: +0.27%

Quarter to September 2026, against a year earlier

Revenue growth 5 yrs

114.36 5.60 +5.15%

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Market cap: $23.9B
P/E: 0.0×
Fwd P/E: −64.6×
Dividend yield: —
F-score: 4/9
Altman Z: 9.29
Beneish M: −1.90
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	—	—	—	—	3	3	4	4	4	4
P/E ratio Full definition →	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score Full definition →	—	—	(2.23)	(0.48)	0.40	(0.52)	(1.32)	(2.95)	0.42	9.29
P/S ratio Full definition →	—	—	0.00	14.80	19.76	16.20	9.62	13.78	31.14	57.12
Altman Z″-Score (non-manufacturers) Full definition →	—	—	(5.01)	(4.15)	(5.02)	(3.75)	(2.81)	(8.77)	(5.47)	(7.47)
P/FCF ratio Full definition →	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Beneish M-Score Full definition →	—	—	—	8.75	(3.00)	(2.00)	(2.62)	(2.92)	(2.81)	(1.90)
P/Operating CF Full definition →	—	—	(14.38)	(45.48)	(48.65)	(36.30)	(22.88)	(32.14)	(57.79)	(139.89)
P/B ratio Full definition →	—	—	4.84	7.72	11.78	7.44	26.83	0.00	39.69	46.87
Price to Tangible BV Full definition →	—	—	6.74	9.71	14.34	15.23	0.00	0.00	124.98	68.56
EV/Sales Full definition →	—	—	0.00	13.92	18.86	15.54	9.69	15.13	30.91	56.05
EV/EBITDA Full definition →	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Operating CF Full definition →	—	—	(3.25)	(7.58)	(14.14)	(8.06)	(5.93)	(8.61)	(16.44)	(36.35)
EV/FCF Full definition →	—	—	(3.09)	(6.49)	(13.74)	(7.90)	(5.79)	(8.40)	(15.93)	(35.13)
Quick Ratio Full definition →	5.81	8.54	6.28	5.94	4.62	5.48	6.19	3.64	4.99	3.35
Current Ratio Full definition →	6.02	8.72	6.51	6.51	5.24	6.19	6.69	4.12	5.45	3.83
Net Debt/EBITDA Full definition →	0.63	1.76	0.63	0.64	0.70	0.41	(0.01)	(0.58)	0.36	0.71
Debt/Assets Full definition →	23.03%	12.03%	52.36%	47.89%	46.60%	46.70%	69.72%	88.91%	55.67%	24.80%
Debt/Equity Full definition →	0.35	0.15	1.52	1.36	1.34	1.41	13.13	(3.56)	3.95	0.76
Asset Turnover Full definition →	0.00	0.00	0.02	0.20	0.21	0.18	0.17	0.20	0.22	0.28
Operating CF/Net income Full definition →	0.83	0.83	0.80	0.99	0.75	0.84	0.83	0.72	0.75	0.73
Capex/Depreciation Full definition →	(1.54)	(0.82)	(0.67)	(1.41)	(0.19)	(0.16)	(0.61)	(0.64)	(1.06)	(1.28)
Interest Coverage Full definition →	(49.57)	(31.89)	(12.07)	(8.49)	(8.97)	(9.27)	(17.29)	(8.69)	(10.34)	(14.88)
ROE Full definition →	(75.62%)	(74.74%)	(113.92%)	(108.24%)	(109.42%)	(126.66%)	(193.22%)	614.47%	3,926.49%	(249.28%)
ROA Full definition →	(59.30%)	(55.04%)	(60.81%)	(37.77%)	(38.23%)	(42.62%)	(33.21%)	(50.20%)	(54.47%)	(59.53%)
ROIC Full definition →	(232.15%)	(332.97%)	(645.62%)	(113.35%)	(145.21%)	(85.44%)	(302.28%)	(633.88%)	0.00%	0.00%
Return on Tangible Assets Full definition →	(117.17%)	(53.93%)	(70.21%)	(47.98%)	(52.70%)	(57.58%)	(42.25%)	(97.50%)	(65.07%)	(89.39%)
Average Days of Receivables Full definition →	—	—	204.67	51.44	36.77	47.16	44.20	49.26	52.20	84.78
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	1,477.20%	96.51%	110.18%	144.72%	162.02%	187.09%	164.52%	127.15%
Selling, General and Administrative Expense of Revenue Full definition →	0.00%	0.00%	1,710.40%	154.47%	123.84%	124.31%	108.32%	112.87%	126.78%	115.62%
Intangible Assets out of Total Assets Full definition →	0.24	0.13	0.10	0.07	0.06	0.17	0.12	0.15	0.10	0.10
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	266.80%	19.76%	21.99%	24.42%	23.51%	24.50%	26.62%	25.18%
Graham Net Nets Full definition →	—	—	0.12	0.04	0.03	0.00	(0.13)	(0.17)	(0.01)	0.01
Graham Number Full definition →	—	—	0.00	0.00	0.00	0.00	0.00	16.85	0.00	0.00
Earnings Yield Full definition →	—	—	(32.16%)	(12.73%)	(9.04%)	(14.21%)	(20.33%)	(17.84%)	(8.10%)	(3.68%)
Free Cash Flow Yield Full definition →	—	—	(26.87%)	(14.51%)	(6.94%)	(12.13%)	(17.39%)	(13.07%)	(6.23%)	(2.79%)
Revenue per Share Full definition →	0.00	0.00	0.13	1.61	1.68	1.68	1.99	2.17	2.22	3.05
Operating CF per Share Full definition →	(2.37)	(2.40)	(3.36)	(2.96)	(2.25)	(3.24)	(3.25)	(3.82)	(4.17)	(4.70)
Capex per Share Full definition →	(0.07)	(0.05)	(0.19)	(0.50)	(0.07)	(0.06)	(0.08)	(0.09)	(0.13)	(0.16)
Free Cash Flow per Share Full definition →	(2.44)	(2.44)	(3.55)	(3.46)	(2.32)	(3.31)	(3.33)	(3.91)	(4.30)	(4.86)
Cash per Share Full definition →	2.63	5.73	6.44	5.76	5.46	6.39	9.33	5.56	8.74	7.19
Shareholders Equity per Share Full definition →	2.50	5.42	2.71	3.09	2.83	3.66	0.71	(2.36)	1.74	3.71
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	2.50	5.42	2.71	3.09	2.83	3.66	0.71	(2.36)	1.74	3.71
Free Cash Flow Full definition →	(150.91)	(162.62)	(272.79)	(292.92)	(226.17)	(370.59)	(410.32)	(549.53)	(705.80)	(967.57)
Working Capital Full definition →	140.42	344.79	439.21	469.95	504.09	701.87	1,083.14	703.43	1,324.13	1,325.33
Capital Expenditures Full definition →	(4.20)	(3.00)	(14.81)	(42.27)	(6.82)	(7.29)	(9.88)	(13.29)	(21.92)	(32.56)
Net Current Asset Value Full definition →	84.93	288.46	122.66	74.57	102.62	4.00	(295.10)	(732.70)	(118.19)	268.63
EV/EBIT Full definition →	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capex to Sales Full definition →	0.00	0.00	1.51	0.31	0.04	0.04	0.04	0.04	0.06	0.05
Price to Operating Income Full definition →	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other line items
Depreciation/Fixed assets Full definition →	0.27	0.30	0.98	0.50	0.66	0.87	0.29	0.32	0.26	0.25
Cash ROIC Full definition →	(40.58%)	(20.38%)	(26.75%)	(26.52%)	(19.17%)	(21.70%)	(17.16%)	(33.70%)	(24.79%)	(35.43%)
Accounts Receivable Turnover Full definition →	—	—	2.91	11.03	9.19	9.21	9.08	8.61	7.80	6.29
Accounts Payable Turnover Full definition →	0.27	0.23	0.15	1.57	1.42	0.53	0.36	0.33	0.34	0.33
Inventory Turnover Full definition →	0.00	0.00	0.14	1.37	1.02	0.76	0.81	0.86	0.94	1.07
Average Days of Payables Full definition →	1,562.85	1,845.89	2,672.50	198.75	392.29	1,033.61	1,205.83	1,196.69	1,214.12	1,354.03
Days of Inventory on Hand Full definition →	0.00	0.00	1,059.30	426.82	453.98	553.96	462.97	463.38	419.64	392.11
Average Receivables Full definition →	—	—	3.38	12.37	17.90	20.46	27.03	35.45	46.60	96.43
Average Payables Full definition →	8.95	12.56	16.21	15.46	28.02	83.94	153.57	198.55	250.10	370.63
Average Inventory Full definition →	—	—	17.50	17.67	38.95	58.30	68.47	76.59	90.91	115.32
Average Assets Full definition →	297.26	350.00	533.30	673.43	769.23	1,019.83	1,449.97	1,493.14	1,677.53	2,144.89
Average Common Equity Full definition →	233.09	257.77	284.66	234.97	268.78	343.18	249.21	(121.99)	(23.27)	512.18

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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