Inspire Medical Systems, Inc.

INSP Healthcare Medical Devices

Inspire Medical Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $912.0 million, up 13.6% from fiscal 2024.

Revenue
−7.93%
EPS
−348.0%
Free cash flow
−33.1%

Quarter to September 2026, against a year earlier

64.39 2.14 −3.22%
Market cap
$1.9B
P/E
19.1×
Fwd P/E
−1,627×
Dividend yield
—
F-score
6/9
Altman Z
14.49
Beneish M
−1.88
Dividend safety
n/a

Inspire Medical Systems, Inc. (INSP) EV/Sales

Alert me on EV/Sales

As of 5 November 2026, Inspire Medical Systems, Inc. (INSP) trades at a EV/Sales of 1.8×. Over the past ten years it has ranged from 1.0× (May 2026) to 54.5× (March 2021); the current reading is higher than 9% of that period. That is below the Medical Devices industry median of 2.7× and below the Healthcare sector median of 3.5×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 2.6× (58.25%)
FY2024 6.3× (21.74%)
FY2023 8.1× (50.47%)
FY2022 16.3× (37.25%)
FY2021 26.0× (36.04%)
FY2020 40.7× 103.36%
FY2019 20.0× 123.59%
FY2018 8.9× 681.62%
FY2017 1.1× 0.00%
FY2016 1.1× —

Quarterly newest first

Period EV/Sales Change
Sep 2026 1.9× 76.59%
Jun 2026 1.1× (17.66%)
Mar 2026 1.3× (50.13%)
Dec 2025 2.6× 25.16%
35 more quarters

Against its own ten years

Low 1.0× High 54.5×
Ten-year median 15.9×
Current reading's percentile 9

EV/Sales against peers

Company EV/Sales
ENOV Enovis Corporation compare 1.3×
CNMD CONMED Corporation compare 1.7×
NVCR NovoCure Limited compare 1.8×
INSP Inspire Medical Systems, Inc. 1.8×
UFPT UFP Technologies, Inc. compare 3.7×
TMDX TransMedics Group, Inc. compare 3.8×
ESTA Establishment Labs Holdings Inc. compare 8.7×
BFLY Butterfly Network, Inc. compare 12.5×
ALMR Alamar Biosciences, Inc. compare 15.6×
Medical Devices industry median 2.7×
Healthcare sector median 3.5×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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