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

111.86 3.10 +2.85%
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

Insmed, Inc. (INSM) Free cash flow margin

Alert me on Free cash flow margin

Insmed, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was −41.3%, up 118.2 percentage points from fiscal 2025 (−159.6%). Over the past ten years it has ranged from −2,773.7% (fiscal 2018) to 0.00% (fiscal 2017); the current reading is higher than 64% of that period. That is below the Biotechnology industry median of 0.00% and below the Healthcare sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 −159.6% 34.51
FY2024 −194.1% (14.01)
FY2023 −180.1% (12.82)
FY2022 −167.2% 29.41
FY2021 −196.6% (59.08)
FY2020 −137.6% 77.08
FY2019 −214.6% 2,559.04
FY2018 −2,773.7% (2,773.68)
FY2017 0.00% 0.00
FY2016 0.00% 0.00

Against its own ten years

Low −2,773.7% High 0.00%
Ten-year median −167.2%
Current reading's percentile 64

Free cash flow margin against peers

Company Free cash flow margin
EXEL Exelixis, Inc. compare 45.8%
ASND Ascendis Pharma A/S compare 32.0%
ALNY Alnylam Pharmaceuticals, Inc. compare 16.1%
INCY Incyte Corporation compare 11.3%
BNTX BioNTech SE Sponsored ADR compare −19.2%
BBIO BridgeBio Pharma, Inc. compare −39.1%
INSM Insmed, Inc. −41.3%
GMAB Genmab A/S Sponsored ADR compare −153.6%
ROIV Roivant Sciences Ltd. compare −10,901.0%
Biotechnology industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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