Inspire Medical Systems Inc (INSP)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 679,818 | 528,223 | 341,741 | 200,115 | 97,758 |
| Revenue | US$ in thousands | 802,804 | 624,799 | 406,179 | 231,266 | 113,364 |
| Gross profit margin | 84.68% | 84.54% | 84.14% | 86.53% | 86.23% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $679,818K ÷ $802,804K
= 84.68%
The gross profit margin of Inspire Medical Systems Inc has demonstrated stability and strength over the past five years, with consistently high levels ranging from 84.14% to 86.53%. The company's ability to maintain gross profit margins above 80% indicates efficient cost management and strong pricing power in its operations. Despite a slight decline in the most recent year, the margin remains robust, reflecting the company's ability to generate significant profits on each dollar of sales after accounting for direct costs of goods sold. This consistent performance suggests that Inspire Medical Systems maintains a competitive position in the market and effectively controls production and supply chain expenses.
Peer comparison
Dec 31, 2024