Question 1

What is Insmed's P/FCF ratio?

Accepted Answer

Insmed (INSM) P/FCF ratio is currently not available. When trailing twelve-month free cash flow is negative — common during heavy capex cycles or operating losses — P/FCF is reported as N/A and analysts switch to P/S or EV/EBITDA.

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Insmed?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Insmed specifically, the relevant sector benchmark is the current sector median of 19.1×.

Question 5

What is Insmed's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Insmed (INSM) P/FCF ratio has ranged from a low of 46.8× in 2010 to a high of 47.6× in 2010.

Question 6

Why does Insmed's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.

Question 7

Why is Insmed's P/FCF ratio not available?

Accepted Answer

When trailing twelve-month free cash flow is negative — common during heavy capex cycles or operating losses — P/FCF is reported as N/A and analysts switch to P/S or EV/EBITDA.


2025	$37.2B	-$998M	—	—	Dec 31, 2025
2024	$12.4B	-$706M	—	—	Dec 31, 2024
2023	$4.49B	-$550M	—	—	Dec 31, 2023
2022	$2.65B	-$410M	—	—	Dec 31, 2022
2021	$3.23B	-$371M	—	—	Dec 31, 2021
2020	$3.41B	-$226M	—	—	Dec 31, 2020
2019	$2.13B	-$293M	—	—	Dec 31, 2019
2018	$1.01B	-$273M	—	—	Dec 31, 2018
2017	$2.39B	-$163M	—	—	Dec 31, 2017
2016	$816M	-$151M	—	—	Dec 31, 2016
2015	$1.11B	-$104M	—	—	Dec 31, 2015
2014	$754M	-$69.8M	—	—	Dec 31, 2014
2013	$666M	-$47.5M	—	—	Dec 31, 2013
2012	$210M	-$31.3M	—	—	Dec 31, 2012
2011	$75.8M	-$31.2M	—	—	Dec 31, 2011
2010	$119M	-$7.72M	—	—	Dec 31, 2010
2009	$100M	-$11M	—	—	Dec 31, 2009
2008	$57.2M	-$12M	—	—	Dec 31, 2008
2007	$101M	-$25.3M	—	—	Dec 31, 2007
2006	$88.6M	-$44.2M	—	—	Dec 31, 2006
2005	$158M	-$27.8M	—	—	Dec 31, 2005
2004	$98.9M	-$24.9M	—	—	Dec 31, 2004
2003	$114M	-$10.8M	—	—	Dec 31, 2003
2002	$14.6M	-$24.1M	—	—	Dec 31, 2002


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Pfizer (PFE)	16.7×
Humana (HUM)	16.4×
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UnitedHealth Group (UNH)	15.9×
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Becton, Dickinson and (BDX)	14.0×
HCA Healthcare (HCA)	13.5×
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Incyte (INCY)	12.9×
CVS Health (CVS)	12.4×
Universal Health Services (UHS)	12.2×
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IQVIA (IQV)	11.3×
Bristol-Myers Squibb (BMY)	10.4×
Biogen (BIIB)	10.3×
Zimmer Biomet Holdings (ZBH)	9.6×
Cigna (CI)	9.1×
Viatris (VTRS)	9.1×
DaVita (DVA)	6.9×
Teladoc Health (TDOC)	3.9×
Centene (CNC)	2.5×

P/FCF Ratio for Insmed (INSM)

P/FCF Ratio daily chart for Insmed (INSM)

Historical P/FCF Ratio for Insmed (INSM) from 2002 to 2025

About P/FCF Ratio at Insmed (INSM)

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Insmed (INSM) Key Financials