Inspire Medical Systems vs Neogen
Inspire Medical Systems and Neogen are similar in size: $912m and $870m of revenue in their latest fiscal years. Inspire Medical Systems grew faster (13.6% against -2.7%). Inspire Medical Systems kept more of each dollar of sales as profit: a net margin of 15.9% against -0.9%. Inspire Medical Systems carries less debt relative to equity (0.0% against 38.2%).
| Latest fiscal year | Inspire Medical SystemsINSP, 2025 | NeogenNEOG, 2026 |
|---|---|---|
| Revenue | $912m | $870m |
| Revenue growth | 13.6% | -2.7% |
| Net income | $145m | −$7.9m |
| Operating margin | 5.6% | -2.5% |
| Net margin | 15.9% | -0.9% |
| Return on equity | 19.8% | -0.4% |
| Free cash flow | $78.5m | $31.9m |
| Cash | $105m | $186m |
| Total debt | $0 | $800m |
| Debt to equity | 0.0% | 38.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $175m | — |
| Employees | 1,333 | 2,636 |
| Market value | $1.80bn | $2.64bn |
| Price vs our value range | — | — |
| Moat score | 39 (Weak) | 44 (Weak) |
| Insider trades, 12 months | 0 buys, 7 sales | 7 buys, 0 sales |