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Insulet Corporation

PODD Clue Score82
United States Fiscal year ends December CIK 0001145197
$135.28 +0.60% Close, 9 Oct 2026
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Price $135.28 −53.87% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue367.0Operating income−10.7Net income−28.9EPS, diluted−0.48Fiscal year 2017Revenue463.8 +26.4%Operating income−7.4Net income−26.8EPS, diluted−0.46Fiscal year 2018Revenue563.8 +21.6%Operating income27.4Net income3.3EPS, diluted0.05Fiscal year 2019Revenue738.2 +30.9%Operating income50.0Net income11.6 +251.5%EPS, diluted0.19 +280.0%Fiscal year 2020Revenue904.4 +22.5%Operating income51.5Net income6.8 −41.4%EPS, diluted0.10 −47.4%Fiscal year 2021Revenue1,040.6 +15.1%Operating income126.0Net income16.8 +147.1%EPS, diluted0.24 +140.0%Fiscal year 2022Revenue1,055.4 +1.4%Operating income37.6Net income4.6 −72.6%EPS, diluted0.07 −70.8%Fiscal year 2023Revenue1,697.1 +60.8%Operating income220.1Net income206.3 +4,384.8%EPS, diluted2.94 +4,100.0%Fiscal year 2024Revenue2,071.6 +22.1%Operating income308.9Net income418.3 +102.8%EPS, diluted5.78 +96.6%Fiscal year 2025Revenue2,708.1 +30.7%Operating income473.8Net income247.1 −40.9%EPS, diluted3.48 −39.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 367.0 463.8 563.8 738.2 904.4 1,040.6 1,055.4 1,697.1 2,071.6 2,708.1
Growth +26.4% +21.6% +30.9% +22.5% +15.1% +1.4% +60.8% +22.1% +30.7%
Operating income −10.7 −7.4 27.4 50.0 51.5 126.0 37.6 220.1 308.9 473.8
Net income −28.9 −26.8 3.3 11.6 6.8 16.8 4.6 206.3 418.3 247.1
Growth +251.5% −41.4% +147.1% −72.6% +4,384.8% +102.8% −40.9%
EPS, diluted −0.48 −0.46 0.05 0.19 0.10 0.24 0.07 2.94 5.78 3.48
Growth +280.0% −47.4% +140.0% −70.8% +4,100.0% +96.6% −39.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin57.5%Operating margin−2.9%Net margin−7.9%Free cash flow margin−1.7%Fiscal year 2017Gross margin59.8%Operating margin−1.6%Net margin−5.8%Free cash flow margin−7.0%Fiscal year 2018Gross margin65.7%Operating margin4.9%Net margin0.6%Free cash flow margin−21.6%Fiscal year 2019Gross margin65.1%Operating margin6.8%Net margin1.6%Free cash flow margin−8.8%Fiscal year 2020Gross margin64.4%Operating margin5.7%Net margin0.8%Free cash flow margin−5.0%Fiscal year 2021Gross margin72.3%Operating margin12.1%Net margin1.6%Free cash flow margin−17.3%Fiscal year 2022Gross margin76.3%Operating margin3.6%Net margin0.4%Free cash flow margin−0.4%Fiscal year 2023Gross margin68.3%Operating margin13.0%Net margin12.2%Free cash flow margin4.1%Fiscal year 2024Gross margin69.8%Operating margin14.9%Net margin20.2%Free cash flow margin14.7%Fiscal year 2025Gross margin71.6%Operating margin17.5%Net margin9.1%Free cash flow margin13.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 57.5% 59.8% 65.7% 65.1% 64.4% 72.3% 76.3% 68.3% 69.8% 71.6%
Operating margin −2.9% −1.6% 4.9% 6.8% 5.7% 12.1% 3.6% 13.0% 14.9% 17.5%
Net margin −7.9% −5.8% 0.6% 1.6% 0.8% 1.6% 0.4% 12.2% 20.2% 9.1%
Free cash flow margin −1.7% −7.0% −21.6% −8.8% −5.0% −17.3% −0.4% 4.1% 14.7% 13.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow15.9Capital expenditure−22.1Free cash flow−6.2Fiscal year 2017Operating cash flow41.3Capital expenditure−73.8Free cash flow−32.5Fiscal year 2018Operating cash flow35.9Capital expenditure−157.4Free cash flow−121.5Fiscal year 2019Operating cash flow98.4Capital expenditure−163.7Free cash flow−65.3Fiscal year 2020Operating cash flow84.0Capital expenditure−129.0Free cash flow−45.0Fiscal year 2021Operating cash flow−68.1Capital expenditure−111.9Free cash flow−180.0Fiscal year 2022Operating cash flow119.0Capital expenditure−122.9Free cash flow−3.9Fiscal year 2023Operating cash flow145.7Capital expenditure−75.6Free cash flow70.1Buybacks0.0Fiscal year 2024Operating cash flow430.2Capital expenditure−124.9Free cash flow305.3 +335.5%Buybacks0.0Fiscal year 2025Operating cash flow569.3Capital expenditure−191.6Free cash flow377.7 +23.7%Buybacks−59.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 15.9 41.3 35.9 98.4 84.0 −68.1 119.0 145.7 430.2 569.3
Capital expenditure −22.1 −73.8 −157.4 −163.7 −129.0 −111.9 −122.9 −75.6 −124.9 −191.6
Free cash flow −6.2 −32.5 −121.5 −65.3 −45.0 −180.0 −3.9 70.1 305.3 377.7
Growth +335.5% +23.7%
Buybacks n/a n/a n/a n/a n/a n/a n/a 0.0 0.0 −59.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash137.2Total debt332.8Net cash (debt)−195.6Shareholders’ equity63.1Debt to equity5.27Fiscal year 2017Cash272.6Total debt566.2Net cash (debt)−293.6Shareholders’ equity158.5Debt to equity3.57Fiscal year 2018Cash113.9Total debt592.0Net cash (debt)−478.1Shareholders’ equity212.1Debt to equity2.79Fiscal year 2019Cash213.7Total debt887.9Net cash (debt)−674.2Shareholders’ equity75.9Debt to equity11.70Fiscal year 2020Cash907.2Total debt1,059.3Net cash (debt)−152.1Shareholders’ equity603.6Debt to equity1.75Fiscal year 2021Cash806.4Total debt1,273.9Net cash (debt)−467.5Shareholders’ equity556.3Debt to equity2.29Fiscal year 2022Cash689.8Total debt1,401.8Net cash (debt)−712.0Shareholders’ equity476.4Debt to equity2.94Fiscal year 2023Cash704.2Total debt49.4Net cash (debt)654.8Shareholders’ equity732.7Debt to equity0.07Fiscal year 2024Cash953.4Total debt83.8Net cash (debt)869.6Shareholders’ equity1,211.6Debt to equity0.07Fiscal year 2025Cash716.1Total debt18.4Net cash (debt)697.7Shareholders’ equity1,515.2Debt to equity0.01
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 137.2 272.6 113.9 213.7 907.2 806.4 689.8 704.2 953.4 716.1
Total debt 332.8 566.2 592.0 887.9 1,059.3 1,273.9 1,401.8 49.4 83.8 18.4
Net cash (debt) −195.6 −293.6 −478.1 −674.2 −152.1 −467.5 −712.0 654.8 869.6 697.7
Shareholders’ equity 63.1 158.5 212.1 75.9 603.6 556.3 476.4 732.7 1,211.6 1,515.2
Debt to equity 5.27 3.57 2.79 11.70 1.75 2.29 2.94 0.07 0.07 0.01

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
57.5% 59.8% 65.7% 65.1% 64.4% 72.3% 76.3% 68.3% 69.8% 71.6%
−2.9% −1.6% 4.9% 6.8% 5.7% 12.1% 3.6% 13.0% 14.9% 17.5%
−7.3% −5.7% 0.9% 2.0% 1.1% 2.0% 0.9% 12.7% 14.5% 12.5%
−7.9% −5.8% 0.6% 1.6% 0.8% 1.6% 0.4% 12.2% 20.2% 9.1%
−1.7% −7.0% −21.6% −8.8% −5.0% −17.3% −0.4% 4.1% 14.7% 13.9%
Spending
15.2% 16.3% 16.8% 17.9% 16.2% 15.4% 17.1% 12.1% 10.6% 11.1%
19.5% 18.3% 44.0% 40.4% 42.5% 44.8% 55.7% 43.3% 44.3% 43.0%
6.0% 15.9% 27.9% 22.2% 14.3% 10.8% 11.6% 4.5% 6.0% 7.1%
n/a n/a 36.5% 20.0% 29.9% 18.0% 53.1% 3.9% −39.3% 27.2%
Returns
−45.8% −16.9% 1.6% 15.3% 1.1% 3.0% 1.0% 28.2% 34.5% 16.3%
−6.3% −3.3% 0.4% 1.0% 0.4% 0.8% 0.2% 8.0% 13.5% 7.7%
Balance and payout
5.27 3.57 2.79 11.70 1.75 2.29 2.94 0.07 0.07 0.01
86.2% 80.6% 77.2% 93.4% 67.8% 72.8% 78.8% 71.7% 60.8% 52.5%
n/a n/a n/a n/a n/a n/a n/a 0.0% 0.0% 15.8%