NASDAQ : PODD
Insulet Corporation — Financial statements
Healthcare · Medical Devices · United States
Last price 149.68 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 10.38B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Insulet Corporation (PODD) reported revenue of 3.05B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.05B | 2.71B | 2.07B | 1.70B | 1.31B | 1.10B |
| Cost of Revenue | 883.20M | 768.20M | 625.90M | 537.20M | 499.70M | 346.70M |
| Gross Profit | 2.17B | 1.94B | 1.45B | 1.16B | 805.60M | 752.10M |
| Selling, General & Admin | 1.31B | 1.17B | 917.20M | 734.80M | 567.80M | 466.00M |
| Research & Development | 345.90M | 301.10M | 219.60M | 205.00M | 180.20M | 160.10M |
| Operating Expenses | 1.65B | 1.47B | 1.14B | 939.80M | 748.00M | 626.10M |
| Operating Income | 515.60M | 473.80M | 308.90M | 220.10M | 57.60M | 126.00M |
| Interest Expense | -58.80M | -59.40M | -42.70M | -36.20M | -36.00M | -61.70M |
| Interest & Investment Income | 22.90M | 34.70M | 39.50M | 28.60M | 9.30M | 500.00K |
| Currency Exchange Gain (Loss) | 1.80M | 1.80M | -2.30M | -1.30M | -2.00M | |
| Other Non Operating Income (Expenses) | 16.00M | 15.30M | 600.00K | 2.10M | 200.00K | 100.00K |
| EBT Excluding Unusual Items | 497.50M | 466.20M | 304.00M | 214.60M | 29.80M | 62.90M |
| Gain (Loss) on Sale of Investments | -2.80M | -2.80M | -3.80M | |||
| Legal Settlements | -20.00M | |||||
| Other Unusual Items | -123.90M | -42.40M | ||||
| Pretax Income | 494.70M | 339.50M | 300.20M | 214.60M | 9.80M | 20.50M |
| Income Tax Expense | 119.40M | 92.40M | -118.10M | 8.30M | 5.20M | 3.70M |
| Earnings From Continuing Operations | 375.30M | 247.10M | 418.30M | 206.30M | 4.60M | 16.80M |
| Net Income | 375.30M | 247.10M | 418.30M | 206.30M | 4.60M | 16.80M |
| Net Income to Common | 375.30M | 247.10M | 418.30M | 206.30M | 4.60M | 16.80M |
| Shares Outstanding (Basic) | 70.00M | 70.35M | 70.08M | 69.75M | 69.38M | 67.70M |
| Shares Outstanding (Diluted) | 71.47M | 71.89M | 73.89M | 73.63M | 69.91M | 68.58M |
| EPS (Basic) | 5.36 | 3.51 | 5.97 | 2.96 | 0.07 | 0.25 |
| EPS (Diluted) | 5.30 | 3.48 | 5.78 | 2.94 | 0.07 | 0.24 |
| Free Cash Flow | 293.70M | 377.70M | 305.30M | 70.10M | -3.90M | -180.00M |
| Free Cash Flow Per Share | 4.11 | 5.25 | 4.13 | 0.95 | -0.06 | -2.62 |
| Gross Margin | 71.08% | 71.63% | 69.79% | 68.35% | 61.72% | 68.45% |
| Operating Margin | 16.89% | 17.50% | 14.91% | 12.97% | 4.41% | 11.47% |
| Profit Margin | 12.29% | 9.12% | 20.19% | 12.16% | 0.35% | 1.53% |
| Free Cash Flow Margin | 9.62% | 13.95% | 14.74% | 4.13% | -0.30% | -16.38% |
| EBITDA | 614.90M | 564.20M | 389.70M | 292.90M | 120.80M | 183.40M |
| EBITDA Margin | 20.14% | 20.83% | 18.81% | 17.26% | 9.25% | 16.69% |
| D&A For EBITDA | 99.30M | 90.40M | 80.80M | 72.80M | 63.20M | 57.40M |
| EBIT | 515.60M | 473.80M | 308.90M | 220.10M | 57.60M | 126.00M |
| EBIT Margin | 16.89% | 17.50% | 14.91% | 12.97% | 4.41% | 11.47% |
| Effective Tax Rate | 24.14% | 27.22% | 3.87% | 53.06% | 18.05% | |
| Revenue as Reported | 3.05B | 2.71B | 2.07B | 1.70B | 1.31B | 1.10B |
| Advertising Expenses | 121.30M | 84.30M | 63.10M | 41.20M | 44.10M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 534.90M | 716.10M | 953.40M | 704.20M | 674.70M | 791.60M |
| Trading Asset Securities | 5.40M | |||||
| Cash & Short-Term Investments | 534.90M | 716.10M | 958.80M | 704.20M | 674.70M | 791.60M |
| Receivables | 588.70M | 516.90M | 365.50M | 359.70M | 205.60M | 161.00M |
| Inventory | 484.80M | 452.60M | 430.40M | 402.60M | 346.80M | 303.20M |
| Prepaid Expenses | 213.50M | 203.00M | 116.50M | 99.80M | 71.70M | 60.70M |
| Other Current Assets | 27.20M | 25.40M | 20.10M | 16.60M | 15.20M | 13.30M |
| Total Current Assets | 1.85B | 1.91B | 1.89B | 1.58B | 1.31B | 1.33B |
| Property, Plant & Equipment | 858.60M | 863.20M | 759.80M | 692.80M | 625.90M | 546.40M |
| Long-Term Investments | 19.10M | 1.00M | 27.80M | 36.90M | 4.50M | |
| Goodwill | 51.60M | 51.60M | 51.50M | 51.70M | 51.70M | 39.80M |
| Other Intangible Assets | 115.10M | 117.10M | 98.50M | 98.70M | 75.50M | 36.60M |
| Long-Term Deferred Tax Assets | 82.40M | 141.80M | 1.80M | |||
| Long-Term Deferred Charges | 56.60M | 53.00M | 40.80M | 32.00M | 31.30M | 26.10M |
| Other Long-Term Assets | 215.00M | 108.10M | 104.00M | 100.50M | 115.80M | 65.60M |
| Total Assets | 3.17B | 3.19B | 3.09B | 2.59B | 2.25B | 2.05B |
| Accounts Payable | 123.30M | 75.00M | 19.80M | 19.20M | 30.80M | 37.70M |
| Accrued Expenses | 464.90M | 472.90M | 343.80M | 300.10M | 193.00M | 121.80M |
| Short-Term Debt | 800.00K | 12.20M | ||||
| Current Portion of Long-Term Debt | 18.90M | 18.40M | 83.80M | 26.50M | 27.50M | 25.10M |
| Current Portion of Leases | 3.00M | 2.10M | 26.40M | 3.60M | 5.00M | |
| Current Unearned Revenue | 2.80M | |||||
| Other Current Liabilities | 137.10M | 110.00M | 66.70M | 76.20M | 109.80M | 39.20M |
| Total Current Liabilities | 744.20M | 680.10M | 528.40M | 451.20M | 364.70M | 228.80M |
| Long-Term Debt | 929.50M | 931.60M | 1.30B | 1.37B | 1.37B | 1.25B |
| Long-Term Leases | 67.10M | 48.90M | 40.00M | 29.50M | 27.40M | 7.60M |
| Long-Term Unearned Revenue | 2.10M | 1.50M | 2.00M | 1.90M | 1.60M | 1.50M |
| Other Long-Term Liabilities | 13.10M | 9.60M | 6.50M | 6.70M | 5.80M | |
| Total Liabilities | 1.74B | 1.68B | 1.88B | 1.86B | 1.77B | 1.49B |
| Common Stock | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K |
| Additional Paid-In Capital | 1.31B | 1.27B | 1.18B | 1.10B | 1.04B | 1.21B |
| Retained Earnings | 473.50M | 287.40M | 40.30M | -378.00M | -584.30M | -649.50M |
| Treasury Stock | -363.50M | -60.40M | ||||
| Comprehensive Income & Other | 3.10M | 13.20M | -13.20M | 8.00M | 20.00M | -2.20M |
| Shareholders' Equity | 1.42B | 1.52B | 1.21B | 732.70M | 476.40M | 556.30M |
| Total Liabilities & Equity | 3.17B | 3.19B | 3.09B | 2.59B | 2.25B | 2.05B |
| Total Debt | 1.02B | 1.00B | 1.43B | 1.45B | 1.43B | 1.29B |
| Net Cash (Debt) | -480.60M | -286.60M | -475.40M | -744.60M | -758.10M | -494.90M |
| Net Cash Per Share | -6.72 | -3.99 | -6.43 | -10.11 | -10.84 | -7.22 |
| Filing Date Shares Outstanding | 69.35M | 70.40M | 70.23M | 69.93M | 69.54M | 69.22M |
| Total Common Shares Outstanding | 69.35M | 70.39M | 70.20M | 69.91M | 69.51M | 69.18M |
| Working Capital | 1.10B | 1.23B | 1.36B | 1.13B | 949.30M | 1.10B |
| Book Value Per Share | 20.51 | 21.53 | 17.26 | 10.48 | 6.85 | 8.04 |
| Tangible Book Value | 1.26B | 1.35B | 1.06B | 582.30M | 349.20M | 479.90M |
| Tangible Book Value Per Share | 18.10 | 19.13 | 15.12 | 8.33 | 5.02 | 6.94 |
| Land | 16.40M | 12.20M | 9.00M | 2.50M | 2.50M | |
| Buildings | 233.70M | 226.80M | 205.30M | 163.90M | 159.50M | |
| Machinery | 810.50M | 693.50M | 590.30M | 544.20M | 453.10M | |
| Construction In Progress | 166.90M | 136.60M | 137.50M | 112.30M | 94.70M | |
| Leasehold Improvements | 24.80M | 16.40M | 16.00M | 11.70M | 5.90M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 375.30M | 247.10M | 418.30M | 206.30M | 4.60M | 16.80M |
| Depreciation & Amortization | 99.30M | 90.40M | 80.80M | 72.80M | 63.20M | 57.40M |
| Loss (Gain) From Sale of Investments | 3.90M | -2.60M | ||||
| Stock-Based Compensation | 77.90M | 62.70M | 69.30M | 48.40M | 40.90M | 34.40M |
| Provision & Write-off of Bad Debts | 1.00M | 5.40M | -200.00K | 2.30M | 4.20M | 3.10M |
| Other Operating Activities | 63.30M | 186.80M | -124.90M | 9.10M | 8.60M | 83.80M |
| Change in Accounts Receivable | -150.20M | -140.20M | -10.40M | -154.20M | -51.80M | -71.30M |
| Change in Inventory | -40.80M | -10.60M | -32.40M | -53.60M | -49.10M | -154.40M |
| Change in Accounts Payable | 16.50M | 49.20M | 2.20M | -11.00M | -2.40M | -15.60M |
| Change in Other Net Operating Assets | 68.90M | 78.50M | 23.60M | 28.20M | 100.80M | -22.30M |
| Operating Cash Flow | 511.20M | 569.30M | 430.20M | 145.70M | 119.00M | -68.10M |
| Capital Expenditures | -217.50M | -191.60M | -124.90M | -75.60M | -122.90M | -111.90M |
| Cash Acquisitions | -26.00M | |||||
| Sale (Purchase) of Intangibles | -28.10M | -27.80M | -9.10M | -33.60M | -34.40M | -10.80M |
| Investment in Securities | -12.20M | -7.20M | -7.80M | 40.00M | ||
| Other Investing Activities | -3.30M | -3.30M | -3.00M | |||
| Investing Cash Flow | -248.90M | -222.70M | -146.20M | -119.40M | -191.10M | -82.70M |
| Long-Term Debt Issued | 506.10M | 175.50M | 532.60M | |||
| Long-Term Debt Repaid | -1.21B | -216.10M | -27.00M | -39.80M | -483.20M | |
| Net Debt Issued (Repaid) | -609.00M | -708.10M | -40.60M | -27.00M | -39.80M | 49.40M |
| Issuance of Common Stock | 23.60M | 33.90M | 20.10M | 26.90M | 16.30M | 23.50M |
| Repurchase of Common Stock | -348.70M | -85.50M | -7.60M | -13.20M | -16.80M | -28.20M |
| Other Financing Activities | 88.70M | 164.40M | 100.00K | -300.00K | -4.00M | |
| Financing Cash Flow | -845.40M | -595.30M | -28.00M | -13.60M | -40.30M | 40.70M |
| Foreign Exchange Rate Adjustments | -3.60M | 11.50M | -6.80M | 1.80M | -4.30M | -5.50M |
| Miscellaneous Cash Flow Adjustments | -100.00K | -100.00K | ||||
| Net Cash Flow | -586.70M | -237.30M | 249.20M | 14.40M | -116.70M | -115.60M |
| Free Cash Flow | 293.70M | 377.70M | 305.30M | 70.10M | -3.90M | -180.00M |
| Free Cash Flow Margin | 9.62% | 13.95% | 14.74% | 4.13% | -0.30% | -16.38% |
| Free Cash Flow Per Share | 4.11 | 5.25 | 4.13 | 0.95 | -0.06 | -2.62 |
| Levered Free Cash Flow | 236.90M | 154.90M | 160.68M | -47.76M | -5.90M | -216.41M |
| Unlevered Free Cash Flow | 273.65M | 192.03M | 187.36M | -25.14M | 16.60M | -177.85M |
| Cash Interest Paid | 50.80M | 50.80M | 47.10M | 49.90M | 34.20M | 21.50M |
| Cash Income Tax Paid | 38.50M | 38.50M | 20.60M | 8.10M | 5.50M | 7.00M |
| Change in Working Capital | -105.60M | -23.10M | -17.00M | -190.60M | -2.50M | -263.60M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.38B | 20.00B | 18.31B | 15.15B | 20.45B | 18.35B |
| Enterprise Value | 10.86B | 20.31B | 18.85B | 15.92B | 21.13B | 18.78B |
| Last Close Price | 149.68 | 284.24 | 261.07 | 216.98 | 294.39 | 266.07 |
| PE Ratio | 28.26 | 80.92 | 43.78 | 73.44 | 4,444.57 | 1,092.27 |
| Forward PE | 21.68 | 49.26 | 70.67 | 93.67 | 227.87 | 227.00 |
| PS Ratio | 3.40 | 7.38 | 8.84 | 8.93 | 15.66 | 16.70 |
| PB Ratio | 7.30 | 13.20 | 15.11 | 20.68 | 42.92 | 32.99 |
| P/TBV Ratio | 8.27 | 14.85 | 17.25 | 26.02 | 58.55 | 38.24 |
| P/FCF Ratio | 35.35 | 52.94 | 59.98 | 216.14 | ||
| P/OCF Ratio | 20.31 | 35.12 | 42.57 | 103.99 | 171.81 | |
| PEG Ratio | 1.09 | 1.87 | 2.44 | 2.62 | 4.80 | 2.35 |
| EV/Sales Ratio | 3.56 | 7.50 | 9.10 | 9.38 | 16.19 | 17.09 |
| EV/EBITDA Ratio | 17.66 | 36.00 | 48.37 | 54.35 | 174.91 | 102.39 |
| EV/EBIT Ratio | 21.07 | 42.87 | 61.03 | 72.33 | 366.83 | 149.04 |
| EV/FCF Ratio | 36.98 | 53.78 | 61.75 | 227.10 | ||
| Debt / Equity Ratio | 0.71 | 0.66 | 1.18 | 1.98 | 3.01 | 2.31 |
| Debt / EBITDA Ratio | 1.62 | 1.74 | 3.61 | 4.80 | 11.06 | 6.79 |
| Debt / FCF Ratio | 3.46 | 2.65 | 4.70 | 20.67 | ||
| Net Debt / Equity Ratio | 0.34 | 0.19 | 0.39 | 1.02 | 1.59 | 0.89 |
| Net Debt / EBITDA Ratio | 0.78 | 0.51 | 1.22 | 2.54 | 6.28 | 2.70 |
| Net Debt / FCF Ratio | 1.64 | 0.76 | 1.56 | 10.62 | -194.38 | -2.75 |
| Asset Turnover | 0.92 | 0.86 | 0.73 | 0.70 | 0.61 | 0.56 |
| Inventory Turnover | 1.90 | 1.74 | 1.50 | 1.43 | 1.54 | 1.52 |
| Quick Ratio | 1.51 | 1.81 | 2.51 | 2.36 | 2.41 | 4.16 |
| Current Ratio | 2.48 | 2.81 | 3.58 | 3.51 | 3.60 | 5.81 |
| Return on Equity (ROE) | 26.02% | 18.12% | 43.03% | 34.12% | 0.89% | 2.90% |
| Return on Assets (ROA) | 9.71% | 9.43% | 6.80% | 5.68% | 1.67% | 4.02% |
| Return on Invested Capital (ROIC) | 20.92% | 19.77% | 19.52% | 15.60% | 2.37% | 11.58% |
| Return on Capital Employed (ROCE) | 21.30% | 18.90% | 12.10% | 10.30% | 3.10% | 6.90% |
| Earnings Yield | 3.54% | 1.24% | 2.28% | 1.36% | 0.02% | 0.09% |
| FCF Yield | 2.83% | 1.89% | 1.67% | 0.46% | -0.02% | -0.98% |
| Buyback Yield / Dilution | 1.19% | 2.71% | -0.35% | -5.33% | -1.94% | -3.99% |