Inspire Medical Systems vs Varex Imaging
Inspire Medical Systems and Varex Imaging are similar in size: $912m and $845m of revenue in their latest fiscal years. Inspire Medical Systems grew faster (13.6% against 4.1%). Inspire Medical Systems kept more of each dollar of sales as profit: a net margin of 15.9% against -8.3%. Inspire Medical Systems carries less debt relative to equity (0.0% against 78.3%).
| Latest fiscal year | Inspire Medical SystemsINSP, 2025 | Varex ImagingVREX, 2025 |
|---|---|---|
| Revenue | $912m | $845m |
| Revenue growth | 13.6% | 4.1% |
| Net income | $145m | −$70.3m |
| Operating margin | 5.6% | -3.3% |
| Net margin | 15.9% | -8.3% |
| Return on equity | 19.8% | -14.0% |
| Free cash flow | $78.5m | $18.8m |
| Cash | $105m | $145m |
| Total debt | $0 | $370m |
| Debt to equity | 0.0% | 78.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $175m | — |
| Employees | 1,333 | 2,400 |
| Market value | $1.80bn | $781m |
| Price vs our value range | — | Above our value range |
| Moat score | 39 (Weak) | 52 (Moderate) |
| Insider trades, 12 months | 0 buys, 7 sales | 0 buys, 3 sales |