Overview
INSULET CORP
Latest 10-K: FY2025, filed Feb 18, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $2.71B
- 30.7%YoYup from FY2024
- TotalRevenue
- Gross profit
- $1.94B
- 34.2%YoYup from FY2024
- GrossProfit
- Operating income
- $0.47B
- 53.4%YoYup from FY2024
- OperatingIncome
- Net income
- $0.25B
- 40.9%YoYdown from FY2024
- NetIncome
- Diluted EPS
- $3.48
- 39.8%YoYdown from FY2024
- EPSDiluted
- Diluted shares
- 71.9M
- 2.7%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- INSULET CORP reported revenue of $2.71B for fiscal 2025, up 30.7% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 5 of the last 5 fiscal years.
Profitability
- Operating margin was 17.5% and net margin was 9.1%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $3.48, down 39.8% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $2.71B30.7%up Benchmark median 6.4% | $2.07B22.1%up Benchmark median 4.5% | $1.70B30.0%up Benchmark median 4.8% | $1.31B18.8%up Benchmark median 10.3% | $1.10B21.5%up Benchmark median 13.8% | 25.3% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $1.94B34.2%up Benchmark median 6.8% | $1.45B24.6%up Benchmark median 5.5% | $1.16B44.0%up Benchmark median 5.2% | $0.81B7.1%up Benchmark median 8.3% | $0.75B29.2%up Benchmark median 15.7% | 26.7% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $473.80M53.4%up Benchmark median 7.3% | $308.90M40.3%up Benchmark median 7.4% | $220.10M485.4%up Benchmark median 4.9% | $37.60M70.2%down Benchmark median 7.5% | $126.00M144.7%up Benchmark median 23.5% | 39.3% Benchmark median 7.2% |
| Net Income | $247.10M40.9%down Benchmark median 4.8% | $418.30M102.8%up Benchmark median 5.7% | $206.30M4384.8%up Benchmark median 1.9% | $4.60M72.6%down Benchmark median 1.3% | $16.80M147.1%up Benchmark median 33.9% | 95.8% Benchmark median 4.1% |
| EPS (Diluted) | $3.4839.8%down Benchmark median 6.2% | $5.7896.6%up Benchmark median 7.9% | $2.944100.0%up Benchmark median 1.9% | $0.0770.8%down Benchmark median 1.5% | $0.24140.0%up Benchmark median 34.8% | 95.1% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $3.19B3.3%up Benchmark median 5.6% | $3.09B19.3%up Benchmark median 3.4% | $2.59B15.0%up Benchmark median 4.1% | $2.25B9.9%up Benchmark median 2.2% | $2.05B9.4%up Benchmark median 6.7% | 11.7% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $1.68B10.7%down Benchmark median 6.4% | $1.88B1.1%up Benchmark median 1.9% | $1.86B4.6%up Benchmark median 2.9% | $1.77B18.9%up Benchmark median 2.0% | $1.49B17.6%up Benchmark median 5.2% | 2.9% Benchmark median 4.4% |
| Stockholders' Equity | $1.52B25.1%up Benchmark median 6.8% | $1.21B65.4%up Benchmark median 5.4% | $0.73B53.8%up Benchmark median 7.3% | $0.48B14.4%down Benchmark median 2.5% | $0.56B7.8%down Benchmark median 9.0% | 28.5% Benchmark median 6.1% |
| Cash & Equivalents | — | — | — | — | — | — Benchmark median 2.0% |
| Total Debt | $0.95B31.2%down Benchmark median 2.1% | $1.38B2.5%down Benchmark median 0.2% | $1.42B1.0%up Benchmark median 0.3% | $1.40B10.0%up Benchmark median 0.1% | $1.27B20.3%up Benchmark median -0.1% | -7.1% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $569.30M32.3%up Benchmark median 6.3% | $430.20M195.3%up Benchmark median 4.8% | $145.70M22.4%up Benchmark median 9.9% | $119.00Mn/m Benchmark median -0.7% | negative: -$68.10M181.1%down Benchmark median 10.7% | n/m Benchmark median 7.0% |
| Capital Expenditures | $191.60M53.4%up Benchmark median 5.4% | $124.90M65.2%up Benchmark median 2.8% | $75.60M38.5%down Benchmark median 11.3% | $122.90M9.8%up Benchmark median 14.0% | $111.90M13.3%down Benchmark median 8.1% | 14.4% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $377.70M23.7%up Benchmark median 7.3% | $305.30M335.5%up Benchmark median 6.1% | $70.10Mn/m Benchmark median 8.8% | negative: -$3.90Mn/m Benchmark median -11.3% | negative: -$180.00Mn/m Benchmark median 10.2% | n/m Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
1.2%
Wall Street
on net earnings
FY2024 2.2%
1.8%
Value investor
on free cash flow
FY2024 1.6%
Gap +0.6 pts: Value-investor figure 0.6 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 81.7×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
7.4%
Wall Street
on book equity
FY2024 6.3%
7.2%
Value investor
on tangible book
FY2024 6.0%
Gap −0.2 pts: Value-investor figure 0.2 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 13.5×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
18.1%
Wall Street
ROE: net income ÷ equity
FY2024 43.0%
13.7%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 11.7%
Gap −4.4 pts: Value-investor figure 4.4 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
20.8%
Wall Street
EBITDA margin
FY2024 18.8%
13.9%
Value investor
Free-cash-flow margin
FY2024 14.7%
Gap −6.9 pts: Value-investor figure 6.9 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
2.81×
Wall Street
Current ratio
FY2024 3.58×
2.15×
Value investor
Quick ratio, inventory excluded
FY2024 2.76×
Gap −0.66×: Value-investor figure 0.66 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.59×
Wall Street
EBITDA ÷ total debt
FY2024 0.28×
0.40×
Value investor
FCF ÷ total debt
FY2024 0.22×
Gap −0.19×: Value-investor figure 0.19 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
9.5×
Wall Street
EBITDA ÷ interest
FY2024 9.1×
8.0×
Value investor
EBIT ÷ interest
FY2024 7.2×
Gap −1.5×: Value-investor figure 1.5 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on PODD yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on PODD and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/PODD
Valuein. (2026, October 31). INSULET CORP (PODD) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/PODD
@misc{valuein_podd_2026,
author = {{Valuein}},
title = {INSULET CORP (PODD) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/PODD}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Feb 18, 2026 · accession 0001145197-26-000028
Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.
point-in-time · survivorship-free · every number traceable to its SEC filing
Index names are trademarks of their owners; Valuein is not affiliated with or endorsed by any index provider.