CoverageForm 410-K10-Q8-K13D13G13F

PODD · Insulet Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · PODD

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$2.71B$2.07B$1.70B$1.06B$1.10B$904.40M
Cost of Revenue$768.20M$625.90M$537.20M$499.70M$346.70M$322.10M
Gross Profit$1.94B$1.45B$1.16B$805.60M$752.10M$582.30M
R&D$301.10M$219.60M$205.00M$180.20M$160.10M$146.80M
SG&A$1.17B$917.20M$734.90M$587.80M$466.00M$384.00M
Total Operating Expenses------
D&A$90.40M$80.80M$72.80M$63.20M$57.40M$55.40M
Operating Income$473.80M$308.90M$220.00M$37.60M$126.00M$51.50M
Interest Expense$59.40M$42.70M$36.20M$36.50M$61.70M$48.10M
Income Tax$92.40M($118.10M)$8.30M$5.20M$3.70M$2.90M
Net Income$247.10M$418.30M$206.30M$4.60M$16.80M$6.80M
EPS - Basic$3.51$5.97$2.96$0.07$0.25$0.11
EPS - Diluted$3.48$5.78$2.94$0.07$0.24$0.10

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$716.10M$953.40M$704.20M$689.70M$806.40M$907.20M
Accounts Receivable---$140.90M$161.00M$83.80M
Inventory$452.60M$430.40M$402.60M$346.80M$303.20M$154.30M
Accounts Payable$75.00M$19.80M$19.20M$30.80M$37.70M$54.10M
Current Assets$1.91B$1.89B$1.58B$1.31B$1.33B$1.25B
Total Assets$3.19B$3.09B$2.59B$2.25B$2.05B$1.87B
Current Liabilities$680.10M$528.40M$451.20M$364.70M$228.80M$207.80M
Long-term Debt---$1.37B$1.25B$1.04B
Total Liabilities$1.68B$1.88B$1.86B$1.77B$1.49B$1.27B
Stockholders' Equity$1.52B$1.21B$732.70M$476.40M$556.30M$603.60M
Retained Earnings$287.40M$40.30M($378.00M)($584.30M)($649.50M)($666.30M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$569.30M$430.30M$145.70M$119.00M($68.10M)$84.00M
Investing Cash Flow($222.70M)($146.20M)($119.40M)($191.10M)($82.70M)$14.00M
Financing Cash Flow($595.30M)($28.10M)($13.60M)($40.30M)$40.70M$605.50M
CapEx$191.60M$124.90M$75.60M$122.90M$111.90M$129.00M
Free Cash Flow$377.70M$305.40M$70.10M($3.90M)($180.00M)($45.00M)

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin71.6%69.8%68.3%76.3%68.4%64.4%
Operating margin17.5%14.9%13.0%3.6%11.5%5.7%
EBITDA margin20.8%18.8%17.3%9.6%16.7%11.8%
Net margin9.1%20.2%12.2%0.4%1.5%0.8%
Free cash flow margin13.9%14.7%4.1%-0.4%-16.4%-5.0%
FCF / Net income1.530.730.34-0.85-10.71-6.62
R&D / Revenue11.1%10.6%12.1%17.1%14.6%16.2%
SG&A / Revenue43.0%44.3%43.3%55.7%42.4%42.5%
Effective tax rate27.2%-39.3%3.9%53.1%18.0%29.9%
Return on assets7.7%13.5%8.0%0.2%0.8%0.4%
Return on equity16.3%34.5%28.2%1.0%3.0%1.1%
Return on invested capital---1.0%5.7%2.2%
Liquidity
Current ratio2.813.583.513.605.816.01
Quick ratio2.152.762.622.654.495.27
Cash ratio1.051.801.561.893.524.37
Leverage
Debt / Equity---2.882.241.73
Debt / Assets---0.610.610.56
Debt / EBITDA---13.636.819.76
Interest coverage8.0x7.2x6.1x1.0x2.0x1.1x
Equity multiplier2.112.553.534.733.683.10
Liabilities / Assets0.530.610.720.790.730.68
Efficiency
Asset turnover0.850.670.660.470.540.48
Inventory turnover1.701.451.331.441.142.09
Days sales outstanding---49d53d34d
Days inventory outstanding215d251d274d253d319d175d
Days payable outstanding36d12d13d22d40d61d
Cash conversion cycle---280d333d147d
Valuation
P / E81.7x45.2x73.8x4205.6x1108.6x2556.3x
P / B13.5x15.9x21.8x43.2x32.8x27.9x
P / S7.5x9.3x9.4x19.5x16.6x18.6x
EV / EBITDA34.9x47.1x52.2x211.0x101.9x159.0x
Growth
Revenue growth (YoY)30.7%22.1%60.8%-3.9%21.5%22.5%
Revenue CAGR (3y)36.9%23.5%23.3%12.7%44.1%24.9%
Revenue CAGR (5y)24.5%22.9%35.8%17.9%24.5%22.8%
Gross profit growth (YoY)34.2%24.6%44.0%7.1%29.2%21.2%
Operating income growth (YoY)53.4%40.4%485.1%-70.2%144.7%3.0%
Net income growth (YoY)-40.9%102.8%4384.8%-72.6%147.1%-41.4%
EPS growth (YoY)-39.8%96.6%4100.0%-70.8%140.0%-47.4%
EPS CAGR (3y)267.7%188.8%208.6%-28.3%--
EPS CAGR (5y)103.4%98.0%----
FCF growth (YoY)23.7%335.7%-97.8%-300.0%31.1%
FCF CAGR (5y)------
Book value growth (YoY)25.1%65.4%53.8%-14.4%-7.8%695.3%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Product / service

$5.38B total
Product Omnipod$2.67B · 49.7%
U.S.Omnipod$1.92B · 35.7%
International Omnipod$754.30M · 14.0%
Drug Delivery$34.10M · 0.6%

Geographic

$2.71B total
US$1.95B · 72.1%
Non Us$754.30M · 27.9%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

2.04
Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

6/9
Neutral
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • -Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Surgical & Medical Instruments & Apparatus

CompanyRevenue (last FY)Net marginROE
BSX$20.07B14.4%12.0%
LMAT$249.60M23.1%14.7%
TNDM$1.01B-20.2%-131.9%
SYK$25.12B12.9%14.5%
MMM$24.95B13.0%69.1%

Comparing INSULET CORP against the 5 most active filers in the same SIC group.