Insulet Corp Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Insulet Corp has an operating margin of 14.9%, meaning the company retains $15 of operating profit per $100 of revenue. This strong profitability earns a score of 75/100, reflecting efficient cost management and pricing power. This is up from 13.0% the prior year.
Insulet Corp's revenue surged 22.1% year-over-year to $2.1B, reflecting rapid business expansion. This strong growth earns a score of 92/100.
Insulet Corp carries a low D/E ratio of 1.07, meaning only $1.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.58, Insulet Corp holds $3.58 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Insulet Corp converts 14.7% of revenue into free cash flow ($305.4M). This strong cash generation earns a score of 74/100.
Insulet Corp earns a strong 34.5% return on equity (ROE), meaning it generates $35 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 28.2% the prior year.
Insulet Corp scores 7.01, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($17.1B) relative to total liabilities ($1.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Insulet Corp passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Insulet Corp generates $1.03 in operating cash flow ($430.3M OCF vs $418.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Insulet Corp earns $7.2 in operating income for every $1 of interest expense ($308.9M vs $42.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Insulet Corp (PODD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Insulet Corp generated $2.1B in revenue in fiscal year 2024. This represents an increase of 22.1% from the prior year.
Insulet Corp's EBITDA was $389.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 33.1% from the prior year.
Insulet Corp generated $305.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 335.7% from the prior year.
Insulet Corp reported $418.3M in net income in fiscal year 2024. This represents an increase of 102.8% from the prior year.
Insulet Corp earned $5.78 per diluted share (EPS) in fiscal year 2024. This represents an increase of 96.6% from the prior year.
Insulet Corp held $953.4M in cash against $1.3B in long-term debt as of fiscal year 2024.
Insulet Corp had 70M shares outstanding in fiscal year 2024. This represents an increase of 0.5% from the prior year.
Insulet Corp's gross margin was 69.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.4 percentage points from the prior year.
Insulet Corp's operating margin was 14.9% in fiscal year 2024, reflecting core business profitability. This is up 2.0 percentage points from the prior year.
Insulet Corp's net profit margin was 20.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 8.0 percentage points from the prior year.
Insulet Corp's ROE was 34.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 6.4 percentage points from the prior year.
Insulet Corp invested $219.6M in research and development in fiscal year 2024. This represents an increase of 7.1% from the prior year.
Insulet Corp invested $124.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 65.2% from the prior year.
PODD Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $706.3M+8.8% | $649.1M+14.1% | $569.0M-4.8% | $597.5M+22.3% | $488.5M+10.6% | $441.7M-13.4% | $509.8M+17.8% | $432.7M |
| Cost of Revenue | $196.2M-0.4% | $196.9M+23.1% | $160.0M-4.0% | $166.6M+5.7% | $157.6M+16.8% | $134.9M-9.2% | $148.6M+6.6% | $139.4M |
| Gross Profit | $510.1M+12.8% | $452.2M+10.6% | $409.0M-5.1% | $430.9M+30.2% | $330.9M+7.9% | $306.8M-15.1% | $361.2M+23.2% | $293.3M |
| R&D Expenses | $77.2M+5.2% | $73.4M+23.2% | $59.6M-1.7% | $60.6M+12.4% | $53.9M+7.4% | $50.2M+19.5% | $42.0M-27.3% | $57.8M |
| SG&A Expenses | $315.2M+22.3% | $257.7M-1.1% | $260.6M-0.1% | $260.9M+17.3% | $222.5M+11.4% | $199.7M-6.2% | $212.8M+17.8% | $180.7M |
| Operating Income | $117.7M-2.8% | $121.1M+36.4% | $88.8M-18.8% | $109.4M+100.7% | $54.5M-4.2% | $56.9M-46.5% | $106.4M+94.2% | $54.8M |
| Interest Expense | $15.6M-20.4% | $19.6M+113.0% | $9.2M+7.0% | $8.6M-21.8% | $11.0M+2.8% | $10.7M+59.7% | $6.7M-35.6% | $10.4M |
| Income Tax | $35.2M+496.6% | $5.9M-53.5% | $12.7M+19.8% | $10.6M+107.7% | -$137.5M-4144.1% | $3.4M-24.4% | $4.5M+150.0% | $1.8M |
| Net Income | $87.6M+289.3% | $22.5M-36.4% | $35.4M-64.8% | $100.7M-46.6% | $188.6M+266.2% | $51.5M-50.1% | $103.3M+99.0% | $51.9M |
| EPS (Diluted) | $1.24+287.5% | $0.32-36.0% | $0.50-63.8% | $1.38-46.7% | $2.59+254.8% | $0.73-50.3% | $1.47+98.6% | $0.74 |
PODD Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.0B-12.7% | $3.5B-1.4% | $3.5B+13.9% | $3.1B+7.2% | $2.9B+9.8% | $2.6B+1.4% | $2.6B+4.9% | $2.5B |
| Current Assets | $1.9B-18.4% | $2.3B-2.1% | $2.3B+23.1% | $1.9B+8.1% | $1.7B+8.1% | $1.6B+2.2% | $1.6B+7.6% | $1.5B |
| Cash & Equivalents | $757.4M-32.5% | $1.1B-12.6% | $1.3B+34.6% | $953.4M+16.1% | $821.0M+9.3% | $751.2M+6.7% | $704.2M+2.7% | $685.4M |
| Inventory | $446.3M-0.1% | $446.9M+1.4% | $440.8M+2.4% | $430.4M-0.1% | $430.9M+0.1% | $430.6M+7.0% | $402.6M-2.0% | $410.8M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $51.6M-0.2% | $51.7M+0.4% | $51.5M0.0% | $51.5M-0.4% | $51.7M0.0% | $51.7M0.0% | $51.7M0.0% | $51.7M |
| Total Liabilities | $1.6B-18.0% | $2.0B-8.2% | $2.2B+16.6% | $1.9B-0.4% | $1.9B+2.7% | $1.8B-1.2% | $1.9B-0.3% | $1.9B |
| Current Liabilities | $647.7M-35.9% | $1.0B+94.1% | $520.4M-1.5% | $528.4M+8.7% | $486.0M+12.4% | $432.4M-4.2% | $451.2M0.0% | $451.4M |
| Long-Term Debt | $934.9M-0.4% | $939.0M-41.8% | $1.6B+24.4% | $1.3B-4.7% | $1.4B-0.2% | $1.4B-0.3% | $1.4B-0.3% | $1.4B |
| Total Equity | $1.4B-5.4% | $1.5B+9.9% | $1.3B+9.8% | $1.2B+21.4% | $998.4M+26.3% | $790.7M+7.9% | $732.7M+20.6% | $607.5M |
| Retained Earnings | $185.8M+89.2% | $98.2M+29.7% | $75.7M+87.8% | $40.3M+129.2% | -$137.9M+57.8% | -$326.5M+13.6% | -$378.0M+21.5% | -$481.3M |
PODD Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $125.7M-36.0% | $196.5M+208.0% | $63.8M-56.8% | $147.6M+70.0% | $86.8M-0.9% | $87.6M+93.8% | $45.2M-19.3% | $56.0M |
| Capital Expenditures | $25.6M+37.6% | $18.6M+51.2% | $12.3M-77.1% | $53.6M+138.2% | $22.5M+1.8% | $22.1M-24.6% | $29.3M+45.8% | $20.1M |
| Free Cash Flow | $100.1M-43.7% | $177.9M+245.4% | $51.5M-45.2% | $94.0M+46.2% | $64.3M-1.8% | $65.5M+311.9% | $15.9M-55.7% | $35.9M |
| Investing Cash Flow | -$31.0M-33.6% | -$23.2M-47.8% | -$15.7M+76.9% | -$68.0M-173.1% | -$24.9M-3.8% | -$24.0M+24.1% | -$31.6M-39.8% | -$22.6M |
| Financing Cash Flow | -$457.0M-33.0% | -$343.6M-223.7% | $277.8M+1429.2% | -$20.9M-337.5% | $8.8M+162.4% | -$14.1M-740.9% | $2.2M+131.9% | -$6.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $29.5M | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
PODD Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.2%+2.5pp | 69.7%-2.2pp | 71.9%-0.2pp | 72.1%+4.4pp | 67.7%-1.7pp | 69.5%-1.4pp | 70.9%+3.1pp | 67.8% |
| Operating Margin | 16.7%-2.0pp | 18.7%+3.0pp | 15.6%-2.7pp | 18.3%+7.2pp | 11.2%-1.7pp | 12.9%-8.0pp | 20.9%+8.2pp | 12.7% |
| Net Margin | 12.4%+8.9pp | 3.5%-2.7pp | 6.2%-10.6pp | 16.9%-21.8pp | 38.6%+27.0pp | 11.7%-8.6pp | 20.3%+8.3pp | 12.0% |
| Return on Equity | 6.3%+4.8pp | 1.5%-1.1pp | 2.7%-5.6pp | 8.3%-10.6pp | 18.9%+12.4pp | 6.5%-7.6pp | 14.1%+5.6pp | 8.5% |
| Return on Assets | 2.9%+2.2pp | 0.7%-0.4pp | 1.0%-2.3pp | 3.3%-3.3pp | 6.5%+4.6pp | 2.0%-2.0pp | 4.0%+1.9pp | 2.1% |
| Current Ratio | 2.87+0.6 | 2.26-2.2 | 4.47+0.9 | 3.58-0.0 | 3.60-0.1 | 3.74+0.2 | 3.51+0.2 | 3.26 |
| Debt-to-Equity | 0.68+0.0 | 0.64-0.6 | 1.21+0.1 | 1.07-0.3 | 1.36-0.4 | 1.72-0.1 | 1.86-0.4 | 2.26 |
| FCF Margin | 14.2%-13.2pp | 27.4%+18.4pp | 9.0%-6.7pp | 15.7%+2.6pp | 13.2%-1.7pp | 14.8%+11.7pp | 3.1%-5.2pp | 8.3% |
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Frequently Asked Questions
What is Insulet Corp's annual revenue?
Insulet Corp (PODD) reported $2.1B in total revenue for fiscal year 2024. This represents a 22.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Insulet Corp's revenue growing?
Insulet Corp (PODD) revenue grew by 22.1% year-over-year, from $1.7B to $2.1B in fiscal year 2024.
Is Insulet Corp profitable?
Yes, Insulet Corp (PODD) reported a net income of $418.3M in fiscal year 2024, with a net profit margin of 20.2%.
What is Insulet Corp's earnings per share (EPS)?
Insulet Corp (PODD) reported diluted earnings per share of $5.78 for fiscal year 2024. This represents a 96.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Insulet Corp's EBITDA?
Insulet Corp (PODD) had EBITDA of $389.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Insulet Corp have?
As of fiscal year 2024, Insulet Corp (PODD) had $953.4M in cash and equivalents against $1.3B in long-term debt.
What is Insulet Corp's gross margin?
Insulet Corp (PODD) had a gross margin of 69.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Insulet Corp's operating margin?
Insulet Corp (PODD) had an operating margin of 14.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Insulet Corp's net profit margin?
Insulet Corp (PODD) had a net profit margin of 20.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Insulet Corp's return on equity (ROE)?
Insulet Corp (PODD) has a return on equity of 34.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Insulet Corp's free cash flow?
Insulet Corp (PODD) generated $305.4M in free cash flow during fiscal year 2024. This represents a 335.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Insulet Corp's operating cash flow?
Insulet Corp (PODD) generated $430.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Insulet Corp's total assets?
Insulet Corp (PODD) had $3.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Insulet Corp's capital expenditures?
Insulet Corp (PODD) invested $124.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Insulet Corp spend on research and development?
Insulet Corp (PODD) invested $219.6M in research and development during fiscal year 2024.
How many shares does Insulet Corp have outstanding?
Insulet Corp (PODD) had 70M shares outstanding as of fiscal year 2024.
What is Insulet Corp's current ratio?
Insulet Corp (PODD) had a current ratio of 3.58 as of fiscal year 2024, which is generally considered healthy.
What is Insulet Corp's debt-to-equity ratio?
Insulet Corp (PODD) had a debt-to-equity ratio of 1.07 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Insulet Corp's return on assets (ROA)?
Insulet Corp (PODD) had a return on assets of 13.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Insulet Corp's Altman Z-Score?
Insulet Corp (PODD) has an Altman Z-Score of 7.01, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Insulet Corp's Piotroski F-Score?
Insulet Corp (PODD) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Insulet Corp's earnings high quality?
Insulet Corp (PODD) has an earnings quality ratio of 1.03x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Insulet Corp cover its interest payments?
Insulet Corp (PODD) has an interest coverage ratio of 7.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Insulet Corp?
Insulet Corp (PODD) scores 85 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.