INSMED Inc (INSM) stock
INSMNasdaqPharmaceutical PreparationsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 8/30100% above fair value
$121.16+3.09 (+2.62%)
Close on Nov 13, 2026Market cap $26.58BP/E –Yield –
Insmed gross margin
Gross margin is gross profit as a percentage of revenue.
Insmed's gross margin for the twelve months ending Sep 30, 2026 was 84.4%. For fiscal 2025 it was 79.7%, against 76.4% the year before. The highest annual figure on record is 82.3% in fiscal 2019.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 79.7% | +3.3 |
| FY2024 | Dec 31, 2024 | 76.4% | −2.1 |
| FY2023 | Dec 31, 2023 | 78.5% | +1.0 |
| FY2022 | Dec 31, 2022 | 77.5% | +1.0 |
| FY2021 | Dec 31, 2021 | 76.6% | +0.8 |
| FY2020 | Dec 31, 2020 | 75.7% | −6.5 |
| FY2019 | Dec 31, 2019 | 82.3% | +6.9 |
| FY2018 | Dec 31, 2018 | 75.4% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 85.1% | +5.7 |
| Q2 FY2026 | Jun 30, 2026 | 84.2% | +10.3 |
| Q1 FY2026 | Mar 31, 2026 | 84.5% | +7.4 |
| Q4 FY2025 | Dec 31, 2025 | 83.2% | +8.3 |
| Q3 FY2025 | Sep 30, 2025 | 79.4% | +2.0 |
| Q2 FY2025 | Jun 30, 2025 | 73.9% | −2.9 |
| Q1 FY2025 | Mar 31, 2025 | 77.1% | +0.2 |
| Q4 FY2024 | Dec 31, 2024 | 75.0% | −3.0 |
| Q3 FY2024 | Sep 30, 2024 | 77.3% | −1.5 |
| Q2 FY2024 | Jun 30, 2024 | 76.8% | −1.7 |
| Q1 FY2024 | Mar 31, 2024 | 76.9% | −1.9 |
| Q4 FY2023 | Dec 31, 2023 | 78.0% | +0.0 |
| Q3 FY2023 | Sep 30, 2023 | 78.9% | −1.2 |
| Q2 FY2023 | Jun 30, 2023 | 78.5% | +3.7 |
| Q1 FY2023 | Mar 31, 2023 | 78.8% | +1.7 |
| Q4 FY2022 | Dec 31, 2022 | 78.0% | +1.6 |
| Q3 FY2022 | Sep 30, 2022 | 80.1% | +1.9 |
| Q2 FY2022 | Jun 30, 2022 | 74.9% | −1.2 |
| Q1 FY2022 | Mar 31, 2022 | 77.0% | +1.5 |
| Q4 FY2021 | Dec 31, 2021 | 76.3% | +2.6 |
| Q3 FY2021 | Sep 30, 2021 | 78.2% | +2.6 |
| Q2 FY2021 | Jun 30, 2021 | 76.1% | −0.5 |
| Q1 FY2021 | Mar 31, 2021 | 75.5% | −1.6 |
| Q4 FY2020 | Dec 31, 2020 | 73.8% | −7.2 |
| Q3 FY2020 | Sep 30, 2020 | 75.7% | −7.8 |
| Q2 FY2020 | Jun 30, 2020 | 76.6% | −7.0 |
| Q1 FY2020 | Mar 31, 2020 | 77.1% | −3.9 |
| Q4 FY2019 | Dec 31, 2019 | 81.0% | +5.6 |
| Q3 FY2019 | Sep 30, 2019 | 83.4% | – |
| Q2 FY2019 | Jun 30, 2019 | 83.6% | – |
| Q1 FY2019 | Mar 31, 2019 | 81.1% | – |
| Q4 FY2018 | Dec 31, 2018 | 75.4% | – |
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