Insulet Corporation

PODD Healthcare Medical Devices

Insulet Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 30.7% from fiscal 2024. In the quarter to June 2026, revenue grew 23.5%, EPS grew 328.1%, free cash flow fell 70.5% and total debt fell 32.2%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

141.10 2.33 +1.68%
Market cap
$9.6B
P/E
26.4×
Fwd P/E
24.7×
Dividend yield
—
F-score
6/9
Altman Z
9.09
Beneish M
−2.59
Dividend safety
n/a

Insider Decisions trades per month

Total buys 2.89
Total sells 0.60
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — 1 — 2 — — — 2 — 1 — —
Sell — 1 — — — — — 1 — — — —
Insider Ownership 0.36%

Capital & Financial Ratios $m

Market Cap 9,620.00
Revenue 3,053.40
Net Income 375.30
Free Cash Flow 265.60
Net Debt 413.50
Current Ratio 2.48 (at or above 1.5: strong)
Debt/Equity 0.67
P/E ratio 26.37
Fwd P/E 24.70
P/S ratio 3.20
P/B ratio 6.88 (above 6: high)
Past 5Y EPS Growth 103.38% (at or above 15%: strong)
This Y EPS Growth 30.93% (at or above 15%: strong)
Next Y EPS Growth 18.68% (at or above 15%: strong)
Next Y revenue growth 21.38% (at or above 10%: strong)
Next 5Y EPS Growth 23.30% (at or above 15%: strong)

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

Valuation vs history

P/E against its own 10 years 1.64%
10-year low 10-year high
P/S against its own 10 years 1.11%
10-year low 10-year high
P/B against its own 10 years 1.11%
10-year low 10-year high
EV/Sales against its own 10 years 1.11%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2028 Powerpack
2027 Powerpack
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 704 953 716 535
Receivables 360 366 517 589
Inventory 403 430 453 485
Other — — — —
1,583 1,891 1,914 1,849
2023 2024 2025 Q'26
Payables 19 20 75 123
ST’ Debt 49 84 18 19
Other — — — —
451 528 680 744

Compound Annual Growth %

10y 5y 3y
Sales 26.22% 24.53% 27.54%
Cash Flow 0.00% 46.63% 68.50%
Earnings 0.00% 105.15% 277.32%
Book Value 46.16% 20.21% 47.06%

Revenue $m

Mar Jun Sep Dec Year
’26 762 802 — — —
’25 569 649 706 784 2,708
’24 442 489 544 598 2,072
’23 358 397 433 510 1,697
’22 295 299 341 370 1,305
’21 252 263 276 308 1,099
’20 198 226 234 246 904
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 114 88 — — —
’25 64 197 126 183 569
’24 88 87 108 148 430
’23 1 44 56 45 146
’22 (14) 25 57 51 119
’21 (35) 18 (26) (25) (68)
’20 (4) 26 44 17 84
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 86 51 — — —
’25 48 173 95 34 350
’24 64 62 79 92 296
’23 (37) 26 34 14 37
’22 (30) 6 23 (38) (38)
’21 (68) (5) (55) (62) (191)
’20 (31) 2 18 (71) (82)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.30 1.37 — — —
’25 0.50 0.32 1.24 1.44 3.48
’24 0.73 2.59 1.08 1.39 5.78
’23 0.34 0.39 0.74 1.44 2.94
’22 0.40 (0.50) (0.08) 0.24 0.07
’21 0.00 (0.37) 0.18 0.42 0.24
’20 (0.03) 0.22 0.17 (0.26) 0.10
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
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 23.94 36.80 67.88 70.80 121.00 218.28 181.00 125.82 160.19 230.05

Analyst estimates 2026–2028

Powerpack
High 45.60 72.99 108.91 187.25 269.42 324.81 320.00 335.91 279.77 354.88
People
People Employees 640 857 1,169 1,350 1,900 2,300 2,600 3,000 3,900 5,400
Revenue/emp, $m 0.57 0.54 0.48 0.55 0.48 0.48 0.50 0.57 0.53 0.50
Income, $m
Income, $m Revenue 367 464 564 738 904 1,099 1,305 1,697 2,072 2,708
Gross margin, % 57.52 59.77 65.66 65.06 64.39 68.45 61.72 68.35 69.79 71.63
EBT (27) (27) 5 15 10 21 10 215 300 340
EBT margin, % (7.31) (5.74) 0.92 1.96 1.07 1.87 0.75 12.65 14.49 12.54
Net income (29) (27) 3 12 7 17 5 206 418 247
Depreciation 14 14 16 28 55 57 63 73 81 90
Per share, $
Per share, $ Revenue 6.41 8.00 9.58 12.18 13.97 16.23 18.82 24.33 29.56 38.50
Earnings (0.50) (0.46) 0.06 0.19 0.11 0.25 0.07 2.96 5.97 3.51
Cash flow 0.28 0.71 0.61 1.62 1.30 (1.01) 1.72 2.09 6.14 8.09
Capex (0.39) (1.33) (2.76) (2.82) (2.57) (1.81) (2.27) (1.57) (1.91) (3.12)
Free cash flow (0.11) (0.62) (2.15) (1.20) (1.27) (2.82) (0.55) 0.52 4.23 4.97
Book value 1.10 2.73 3.60 1.25 9.32 8.22 6.87 10.50 17.29 21.54
Shares, m 57 58 59 61 65 68 69 70 70 70
Valuation, ×
Valuation, × P/E 0.00 0.00 1,322.00 951.11 2,323.91 1,156.83 4,091.14 70.88 43.66 81.21
P/S 5.83 8.63 8.28 14.05 18.30 16.39 15.22 8.59 8.83 7.38
P/B 33.86 25.25 22.01 136.68 27.42 32.38 41.70 19.91 15.10 13.20
EV/Sales 5.98 8.95 8.86 14.75 18.42 16.83 15.78 9.01 9.04 7.47
EV/FCF (354.03) (127.76) (38.46) (150.20) (201.94) (96.93) (537.72) 419.10 63.20 57.81
Cash, $m
Cash, $m Operating cash flow 16 41 36 98 84 (68) 119 146 430 569
Capex (22) (77) (162) (171) (166) (123) (157) (109) (134) (219)
Free cash flow (6) (36) (126) (72) (82) (191) (38) 37 296 350
Balance, $m
Balance, $m Working capital 314 451 346 433 1,041 1,101 949 1,132 1,363 1,234
Total debt 333 566 592 892 1,059 1,274 1,402 1,416 1,380 949
Net debt 34 126 303 516 112 482 727 712 427 233
Shareholders’ equity 63 159 212 76 604 556 476 733 1,212 1,515
Returns, %
Returns, % ROA (7.89) (4.21) 0.38 1.12 0.45 0.86 0.21 8.53 14.74 7.87
ROIC (6.87) (1.62) 3.32 5.28 4.50 7.58 1.95 9.52 11.79 16.94
ROE (59.42) (24.18) 1.78 8.06 2.00 2.90 0.89 34.12 43.03 18.12
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Insulet Corporation 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
PEN Penumbra, Inc. $12.7B 78.4× 63.5× +14.90% (above 0%: growing) −24.79% (below 0%: shrinking) +10.81% (above 0%: growing) 67.93% 10.52% Compare
SNN Smith & Nephew SNATS, Inc. $12.2B 35.4× 18.6× +7.99% (above 0%: growing) −14.23% (below 0%: shrinking) +293.94% (above 0%: growing) 69.42% 0.00% Compare
GMED Globus Medical, Inc. $10.6B 19.3× 20.3× +5.94% (above 0%: growing) −25.33% (below 0%: shrinking) +571.30% (above 0%: growing) 69.42% 23.10% Compare
BIO.B Bio-Rad Laboratories, Inc. $10.3B 43.7× — −0.09% (below 0%: shrinking) +19.02% (above 0%: growing) −6.06% (below 0%: shrinking) 53.12% 11.15% Compare
GKOS Glaukos Corporation $9.8B — (loss-making) — (loss-making) +49.54% (above 0%: growing) n/m +211.83% (above 0%: growing) 81.67% (9.30%) Compare
BIO Bio-Rad Laboratories, Inc. $9.8B 42.5× 35.4× −0.09% (below 0%: shrinking) +19.02% (above 0%: growing) −6.06% (below 0%: shrinking) 53.12% 11.15% Compare
PODD Insulet Corporation $9.6B 26.4× 24.7× +23.51% (above 0%: growing) +328.13% (above 0%: growing) −70.51% (below 0%: shrinking) 70.18% 16.18%
BRKR Bruker Corporation $8.6B — (loss-making) 55.7× +5.15% (above 0%: growing) n/m +28.63% (above 0%: growing) 49.61% (7.79%) Compare
HAE Haemonetics Corporation $5.5B 57.7× 18.0× +5.60% (above 0%: growing) +2.86% (above 0%: growing) +220.38% (above 0%: growing) 59.76% 16.93% Compare
Median of peers $10.0B 43.1× 27.9× +5.77% −5.69% +120.23% 63.85% 10.84%

All 149 Medical Devices stocks →

PODD metrics, ten years each

Insulet Corporation (PODD) key facts

  • Concern: Net income was $247.1 million, or $3.51 per share (basic), a net margin of 9.12%.
  • Strength: Insulet Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 30.7% from fiscal 2024.
  • Insulet Corporation (PODD) is a Medical Devices company in the Healthcare sector, listed on Nasdaq.
  • As of October 16, 2026, PODD traded at $141.10, a market capitalization of $9.6 billion.
  • At that price the stock trades at 26.4× trailing-twelve-month earnings and 3.2× sales; its P/E is higher than 2% of its own readings over the past ten years.
  • Return on equity was 18.1% and debt-to-equity 0.67.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 9.09 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Insulet Corporation (PODD) Latest News

12 Aug

Impact 3 · transcript
stockrow.com/PODD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com