Inspire Medical Systems, Inc.
—- Market cap
- —
- Debt
- +$33.69M
- Cash
- −$308.27M
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $279.07B
Decision snapshot: INSP stock price vs IBM: inconclusive — current versus $129.67 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at IBM's multiple
Implied fair value · at INSP's multiple
Needs INSP P/E.
Live quote
As of 2025-12-31
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: INSP FY 2025 (ended Dec 31, 2025) · IBM FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 82% equity / 18% debt · EV / Revenue 4.83x · EV / EBITDA 15.66x
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
Inspire Medical Systems, Inc. · implied price per share
Bear
$14.19
Base
$16.69
Bull
$19.20
INTERNATIONAL BUSINESS MACHINES CORP · implied price per share
Bear
$110.58
Base
$130.10
Bull
$149.61
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.04x
1.88x
Net debt / EBITDA
Leverage against operating earnings
-4.05x
2.26x
Cash and equivalents
Liquid reserves on the balance sheet
$308.27M
$14.20B
Total debt
Interest-bearing obligations outstanding
$33.69M
$61.26B
Comparable set
Where the pair sits against the wider comparable set.
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Live quote
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