Insmed Incorporated logo INSM - Insmed Incorporated

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 33
HOLD 1
SELL 1
STRONG
SELL
0
| PRICE TARGET: $213.11 DETAILS
HIGH: $269.00
LOW: $160.00
MEDIAN: $213.50
CONSENSUS: $213.11
UPSIDE: 100.59%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Revenue
Revenue 606.4 363.7 305.2 245.4 188.5 164.4 136.5 9.8 0 0 0 11.5 11.5 0 4.4 6.9 10.4 11.7 7.5 1.0 0.1 0.1 0.1 2.0 0.3 0.1 0.0
Cost of Revenue 124.9 85.7 65.6 55.1 44.2 39.9 24.2 2.4 2.9 2.4 2.0 33.5 0 21.4 0 0 0 0 0.6 1.5 0 0 0 0 0 0 (0.1)
Gross Profit 481.5 278.0 239.6 190.2 144.3 124.5 112.3 7.4 (2.9) (2.4) (2.0) (22.0) 0 (21.4) 4.4 6.9 10.4 11.7 7.0 (0.5) 0 0 0 0 0 0 0.1
Operating Expenses
R&D Expenses 771.1 598.4 571.0 397.5 272.7 181.2 131.7 145.3 109.7 122.7 74.3 56.3 44.3 29.8 28.6 4.7 9.2 21.0 18.9 21.1 21.8 23.3 7.1 18.1 35.5 21.6 5.7
SG&A Expenses 701.2 461.1 344.5 265.8 234.3 203.6 210.8 168.2 79.2 50.7 43.2 31.1 18.6 12.7 11.5 10.3 9.8 5.1 8.5 25.7 5.7 4.2 3.6 3.0 5.0 9.6 2.5
Other Expenses 186.0 96.7 33.7 (15.7) 12.4 5.0 5.0 1.2 0.3 0.1 (0.0) 0.1 3.6 0 26.0 0 0 0 0 7.1 0 0 0 17.9 0 50.4 0.1
Operating Expenses 1,658.3 1,156.2 949.3 647.6 519.4 389.8 347.5 314.8 188.9 173.4 117.5 87.4 66.5 42.4 66.1 15.0 19.0 26.1 27.4 53.9 27.6 27.6 10.7 39.0 40.5 81.6 8.2
Operating Income
Operating Income (1,176.7) (878.3) (709.6) (457.3) (375.1) (265.2) (235.2) (307.3) (188.9) (173.4) (117.5) (87.4) (55.0) (42.4) (61.7) (8.1) (8.7) (14.4) (20.4) (54.4) (27.4) (27.4) (10.6) (37.0) (40.2) (81.5) (8.1)
Interest Expense 83.8 84.9 81.7 26.4 40.5 29.6 27.7 25.5 5.9 3.5 2.9 2.4 2.4 0.8 0.0 0.1 0.8 1.3 0.7 3.7 14.2 0 0 0 0 0 0
Interest Income 60.7 53.3 42.1 11.1 0.2 1.7 9.9 10.3 1.6 0.6 0.3 0.1 0.2 1.8 0 0 0 0.5 1.2 1.9 0.8 0.2 0 0.6 0 0 0
Profitability
EBITDA (1,171.5) (818.8) (660.2) (447.4) (383.6) (250.4) (217.1) (295.2) (184.1) (170.2) (115.3) (86.1) (54.2) (40.0) (59.3) (6.2) 120.3 (13.4) (20.0) (51.0) (14.5) (27.4) (10.5) (34.1) (38.6) (30.3) (8.0)
EBIT (1,188.0) (829.8) (670.8) (457.7) (397.8) (264.5) (227.3) (300.0) (187.0) (172.7) (117.3) (87.2) (54.9) (40.6) (59.7) (6.2) 119.6 (14.4) (20.4) (54.4) (27.4) (27.4) (10.6) (34.5) (40.2) (31.1) (8.1)
Income Before Tax (1,271.7) (910.1) (747.0) (480.2) (436.4) (292.7) (253.6) (324.1) (192.9) (176.2) (120.2) (89.6) (57.3) (41.4) (59.7) (6.4) 118.8 (15.7) 0 0 0 0 0 (36.4) (37.2) (79.7) 0
Income Tax Expense 5.0 3.7 2.6 1.4 (1.8) 1.4 0.8 0.2 (0.3) 0.1 (2.0) (10.4) (1.2) 0.8 0 0.1 0.5 0 0 0 0 0 0 0 0 0.2 0
Net Income (1,276.8) (913.8) (749.6) (481.5) (434.7) (294.1) (254.3) (324.3) (192.6) (176.3) (118.2) (79.2) (56.1) (41.4) (59.7) (6.4) 118.3 (15.7) (20.0) (56.1) (40.9) (27.2) (10.3) (36.4) (37.2) (79.9) (7.8)
Per Share Data
EPS (Basic) -6.41 -5.57 -5.34 -3.91 -3.88 -3.01 -3.01 -4.22 -2.89 -2.85 -2.02 -1.84 -1.60 -1.56 -2.56 -0.49 9.30 -1.28 -1.74 -5.89 -8.40 -6.95 -2.89 -11.01 -11.31 -43.60 -24.70
EPS (Diluted) -6.41 -5.57 -5.34 -3.91 -3.88 -3.01 -3.01 -4.22 -2.89 -2.85 -2.02 -1.84 -1.60 -1.56 -2.56 -0.49 9.30 -1.28 -1.74 -5.89 -8.40 -6.95 -2.89 -11.01 -11.31 -43.60 -24.70
Shares Outstanding 213.6 164.0 140.4 123.0 112.1 97.6 84.6 76.8 66.6 61.9 58.5 43.0 35.0 26.5 23.3 13.2 12.7 12.2 11.5 9.5 4.9 3.9 3.6 3.3 3.3 1.8 0.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999
Current Assets
Cash & Cash Equivalents 510.4 555.0 482.4 1,074.0 716.8 532.8 487.4 495.1 381.2 162.6 12.7 2.1 9.2 29.5 27.3 51.2 71.6 0.3
Short-Term Investments 919.6 878.8 298.1 74.2 0 0 0 0 0 0 109.4 0.3 0 0 0 0 11.5 4.3
Net Receivables 140.9 52.0 41.2 29.7 24.4 16.6 19.2 5.5 0 0 2.3 0.1 0 0 0 0 0 0
Inventory 132.1 98.6 83.2 69.9 67.0 49.6 28.3 7.0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 91.2 37.2 24.2 25.5 0 0 0 0 0 0 0 0 0.5 0.2 0.6 0.3 1.5 0.0
Total Current Assets 1,794.2 1,621.7 929.1 1,273.4 837.0 622.9 555.2 518.9 389.4 168.4 124.6 2.6 9.7 29.8 28.2 55.0 84.6 4.7
Non-Current Assets
Property, Plant & Equipment 139.2 115.6 104.4 102.1 95.5 97.2 113.1 22.6 12.4 10.0 0 0 0.0 0.1 0.2 1.2 1.6 0.2
Goodwill 136.1 136.1 136.1 136.1 136.1 0 0 0 0 0 0 0 0 0 0 15.4 0 0
Intangible Assets 97.7 58.7 63.7 68.8 73.8 49.3 53.7 58.7 58.2 58.2 0 0 0 0 0 0 16.2 0
Long-Term Investments 0 0 0 0 50.0 0 0 0 0 0 2.1 0 0 0 0 0 0 0
Other Non-Current Assets 97.4 93.2 96.6 76.1 51.0 26.8 20.3 4.3 2.0 1.3 0.0 2.2 3.3 0 0 0 0.2 0.4
Total Non-Current Assets 470.4 403.6 400.8 383.1 406.5 173.3 187.1 85.6 72.6 69.5 2.1 2.2 3.3 0.1 0.2 16.6 18.1 0.6
Total Assets 2,264.6 2,025.2 1,329.8 1,656.4 1,243.5 796.2 742.3 604.6 462.0 238.0 126.7 4.8 13.0 29.8 28.3 71.6 102.7 5.3
Current Liabilities
Account Payables 79.9 73.0 65.4 50.5 35.8 42.9 13.2 17.7 14.7 10.4 0.3 1.3 2.6 0.7 0.9 4.4 3.4 0.7
Short-Term Debt 19.3 16.5 0 0 0 0 0 0 0 0 0.2 1.6 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0.5 0.5 0 0 0.3 0.1 0 0
Other Current Liabilities 258.2 127.7 55.6 42.7 33.5 25.6 19.4 23.7 12.8 7.7 0 0.1 1.5 2.3 0.4 0.7 0.7 0.1
Total Current Liabilities 468.9 297.5 225.6 190.2 135.2 118.8 85.2 79.7 44.7 28.0 2.8 4.9 5.0 2.9 3.9 10.3 4.1 0.8
Non-Current Liabilities
Long-Term Debt 716.0 1,264.4 1,155.3 1,125.2 566.6 356.3 335.9 316.6 55.6 54.8 0 0.5 0 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 307.8 144.7 242.8 208.5 95.7 9.2 10.6 0 0.8 0.7 0 2.2 0.7 0.6 1.0 1.7 1.8 0.0
Total Non-Current Liabilities 1,056.7 1,442.3 1,436.1 1,378.2 697.9 401.5 395.4 316.6 56.3 55.5 0 2.7 0.7 0.6 1.0 1.7 1.8 0
Total Liabilities 1,525.6 1,739.9 1,661.8 1,568.5 833.0 520.3 480.6 396.3 101.0 83.5 2.8 7.6 5.8 3.6 4.9 11.9 5.9 0.8
Stockholders' Equity
Common Stock 2.1 1.8 1.5 1.4 1.2 1.0 0.9 0.8 0.8 0.6 1.3 1.2 0.4 0.4 0.3 0.3 0.3 0.0
Retained Earnings (5,636.7) (4,359.9) (3,446.1) (2,696.6) (2,265.2) (1,830.6) (1,536.5) (1,282.2) (957.9) (765.2) (228.1) (346.4) (213.7) (186.5) (176.2) (139.8) (102.6) (22.8)
Accumulated Other Comprehensive Income 1.5 (2.3) (0.7) 0.8 1.0 0.2 (0.0) (0.0) (0.0) (0.1) 0.4 0 (0.5) (0.5) (0.4) (1.2) 0.2 (0.1)
Total Stockholders' Equity 739.0 285.4 (331.9) 88.0 410.5 275.9 261.7 208.3 361.1 154.5 123.9 (2.8) 7.2 26.2 23.4 59.7 96.8 4.5
Total Liabilities & Equity 2,264.6 2,025.2 1,329.8 1,656.4 1,243.5 796.2 742.3 604.6 462.0 238.0 126.7 4.8 13.0 29.8 28.3 71.6 102.7 5.3
Debt Metrics
Total Debt 768.2 1,314.1 1,204.0 1,177.9 612.3 404.8 397.0 316.6 55.6 54.8 0.2 2.1 0 0 0 0 0 0
Net Debt 257.7 759.1 721.6 103.8 (104.5) (127.9) (90.4) (178.5) (325.6) (107.8) (12.5) (0.0) (9.2) (29.5) (27.3) (51.2) (71.6) (0.3)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999
Operating Activities
Net Income (1,276.8) (913.8) (749.6) (481.5) (434.7) (294.1) (254.3) (324.3) (192.6) (176.3) (40.9) (27.2) (10.3) (36.4) (37.2) (79.9) (7.8)
Depreciation & Amortization 16.4 11.0 10.6 10.3 14.2 14.2 10.2 4.8 2.9 2.4 12.9 0.0 0.1 0.3 1.5 0.8 0.1
Stock-Based Compensation 152.7 96.8 74.8 57.7 46.0 36.2 27.0 26.2 18.1 18.0 0 0 0 0.1 0.1 0 0
Change in Working Capital (80.3) (3.2) (39.2) 6.6 (58.6) (3.0) (63.0) 15.7 11.3 8.6 0.2 2.2 (0.7) (3.5) 4.0 2.1 0.2
Other Non-Cash Items 252.9 125.2 167.2 6.5 52.0 27.4 29.5 17.3 0.8 0.5 0.0 0.0 0.1 15.5 (0.1) 55.6 0.3
Operating Cash Flow (935.0) (683.9) (536.2) (400.4) (363.3) (219.3) (250.6) (258.0) (159.6) (146.7) (27.8) (24.9) (10.8) (24.1) (31.8) (21.4) (7.2)
Investing Activities
Capital Expenditure (32.6) (21.9) (13.3) (9.9) (7.3) (6.8) (42.3) (14.8) (3.0) (4.2) 0 0 0 (0.3) (0.3) (1.3) (0.1)
Acquisitions 0 0 3.4 24.7 (6.7) 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (2,092.0) (1,577.3) (588.7) (99.7) (50.3) 0 0 0 0 0 0 0 0 0 0 (19.2) (4.3)
Sales/Maturities of Investments 2,090 1,016 375 75 57.0 0 0 0 0 0 0 0 0 (0.2) 11.5 12.3 0
Other Investing Activities (30) 0 0 (24.7) (57.0) 0 0 0 0 0 0 0 0 11.7 0 3.6 0
Investing Cash Flow (64.6) (583.2) (223.6) (34.6) (64.3) (6.8) (42.3) (14.8) (3.0) (4.2) 0 0 0 11.2 11.2 (4.6) (4.4)
Financing Activities
Net Debt Issuance (4.9) 147.4 (1.2) 349.4 336.3 0.8 0 392.2 0 30 35 0 0 0 0 0.1 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 109.5 17.2 151.7 6.3 25.1 24.2 (14.2) 3.4 (0.4) (2.2) (3.6) 0 0 0 0 0.0
Financing Cash Flow 954.1 1,341.0 168.4 793.3 612.5 271.0 285.3 386.7 381.1 30.7 37.4 4.6 13.0 0.2 0.2 97.4 0.3
Cash Position
Net Change in Cash (44.6) 72.7 (591.7) 357.3 184.0 45.3 (7.6) 113.9 218.6 (120.3) 9.6 (20.3) 2.2 (23.9) (20.4) 71.3 (11.4)
Cash at Beginning 555.0 482.4 1,074.0 716.8 532.8 487.4 495.1 381.2 162.6 282.9 9.2 29.5 27.3 51.2 71.6 0.3 11.7
Cash at End 510.4 555.0 482.4 1,074.0 716.8 532.8 487.4 495.1 381.2 162.6 18.8 9.2 29.5 27.3 51.2 71.6 0.3
Free Cash Flow (967.6) (705.8) (549.5) (410.3) (370.6) (226.2) (292.9) (272.8) (162.6) (150.9) (27.8) (24.9) (10.8) (24.3) (32.0) (22.7) (7.3)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Income Statement
Revenue 606.4 363.7 305.2 245.4 188.5 164.4 136.5 9.8 0 0 0 11.5 11.5 0 4.4 6.9 10.4 11.7 7.5 1.0 0.1 0.1 0.1 2.0 0.3 0.1 0.0
Gross Profit 481.5 278.0 239.6 190.2 144.3 124.5 112.3 7.4 (2.9) (2.4) (2.0) (22.0) 0 (21.4) 4.4 6.9 10.4 11.7 7.0 (0.5) 0 0 0 0 0 0 0.1
Operating Income (1,176.7) (878.3) (709.6) (457.3) (375.1) (265.2) (235.2) (307.3) (188.9) (173.4) (117.5) (87.4) (55.0) (42.4) (61.7) (8.1) (8.7) (14.4) (20.4) (54.4) (27.4) (27.4) (10.6) (37.0) (40.2) (81.5) (8.1)
Net Income (1,276.8) (913.8) (749.6) (481.5) (434.7) (294.1) (254.3) (324.3) (192.6) (176.3) (118.2) (79.2) (56.1) (41.4) (59.7) (6.4) 118.3 (15.7) (20.0) (56.1) (40.9) (27.2) (10.3) (36.4) (37.2) (79.9) (7.8)
EPS (Diluted) -6.41 -5.57 -5.34 -3.91 -3.88 -3.01 -3.01 -4.22 -2.89 -2.85 -2.02 -1.84 -1.60 -1.56 -2.56 -0.49 9.30 -1.28 -1.74 -5.89 -8.40 -6.95 -2.89 -11.01 -11.31 -43.60 -24.70
Balance Sheet
Cash & Equivalents 510.4 555.0 482.4 1,074.0 716.8 532.8 487.4 495.1 381.2 162.6 12.7 2.1 9.2 29.5 27.3 51.2 71.6 0.3
Total Assets 2,264.6 2,025.2 1,329.8 1,656.4 1,243.5 796.2 742.3 604.6 462.0 238.0 126.7 4.8 13.0 29.8 28.3 71.6 102.7 5.3
Total Debt 768.2 1,314.1 1,204.0 1,177.9 612.3 404.8 397.0 316.6 55.6 54.8 0.2 2.1 0 0 0 0 0 0
Stockholders' Equity 739.0 285.4 (331.9) 88.0 410.5 275.9 261.7 208.3 361.1 154.5 123.9 (2.8) 7.2 26.2 23.4 59.7 96.8 4.5
Cash Flow
Operating Cash Flow (935.0) (683.9) (536.2) (400.4) (363.3) (219.3) (250.6) (258.0) (159.6) (146.7) (27.8) (24.9) (10.8) (24.1) (31.8) (21.4) (7.2)
Capital Expenditure (32.6) (21.9) (13.3) (9.9) (7.3) (6.8) (42.3) (14.8) (3.0) (4.2) 0 0 0 (0.3) (0.3) (1.3) (0.1)
Free Cash Flow (967.6) (705.8) (549.5) (410.3) (370.6) (226.2) (292.9) (272.8) (162.6) (150.9) (27.8) (24.9) (10.8) (24.3) (32.0) (22.7) (7.3)