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Side-by-side financial comparison of EXPONENT INC (EXPO) and INSMED Inc (INSM). Click either name above to swap in a different company.

INSMED Inc is the larger business by last-quarter revenue ($263.8M vs $166.3M, roughly 1.6× EXPONENT INC). EXPONENT INC runs the higher net margin — 17.8% vs -124.5%, a 142.3% gap on every dollar of revenue. On growth, INSMED Inc posted the faster year-over-year revenue change (152.6% vs 14.3%). Over the past eight quarters, INSMED Inc's revenue compounded faster (86.9% CAGR vs 8.8%).

Exponent, Inc. is an American engineering and scientific consulting firm. Exponent has a team of scientists, physicians, engineers, and business consultants which performs research and analysis in more than 90 technical disciplines. The company operates 20 offices in the United States and five offices overseas.

Insmed Inc. is a global biopharmaceutical firm focused on developing and commercializing innovative therapies for patients with serious rare diseases that have high unmet medical needs. Its key offerings target pulmonary and endocrine rare disorders, serving markets across North America, Europe, and Asia Pacific.

EXPO vs INSM — Head-to-Head

Bigger by revenue
INSM
INSM
1.6× larger
INSM
$263.8M
$166.3M
EXPO
Growing faster (revenue YoY)
INSM
INSM
+138.3% gap
INSM
152.6%
14.3%
EXPO
Higher net margin
EXPO
EXPO
142.3% more per $
EXPO
17.8%
-124.5%
INSM
Faster 2-yr revenue CAGR
INSM
INSM
Annualised
INSM
86.9%
8.8%
EXPO

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
EXPO
EXPO
INSM
INSM
Revenue
$166.3M
$263.8M
Net Profit
$29.6M
$-328.5M
Gross Margin
83.2%
Operating Margin
24.9%
-121.2%
Net Margin
17.8%
-124.5%
Revenue YoY
14.3%
152.6%
Net Profit YoY
11.0%
-39.5%
EPS (diluted)
$0.59
$-1.55

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EXPO
EXPO
INSM
INSM
Q1 26
$166.3M
Q4 25
$147.1M
$263.8M
Q3 25
$142.0M
$142.3M
Q2 25
$145.5M
$107.4M
Q1 25
$136.8M
$92.8M
Q4 24
$104.4M
Q3 24
$136.3M
$93.4M
Q2 24
$140.5M
$90.3M
Net Profit
EXPO
EXPO
INSM
INSM
Q1 26
$29.6M
Q4 25
$28.0M
$-328.5M
Q3 25
$26.6M
$-370.0M
Q2 25
$26.6M
$-321.7M
Q1 25
$23.6M
$-256.6M
Q4 24
$-235.5M
Q3 24
$26.0M
$-220.5M
Q2 24
$29.2M
$-300.6M
Gross Margin
EXPO
EXPO
INSM
INSM
Q1 26
Q4 25
83.2%
Q3 25
79.4%
Q2 25
73.9%
Q1 25
77.1%
Q4 24
75.0%
Q3 24
77.3%
Q2 24
76.8%
Operating Margin
EXPO
EXPO
INSM
INSM
Q1 26
24.9%
Q4 25
19.7%
-121.2%
Q3 25
12.1%
-257.1%
Q2 25
30.5%
-291.3%
Q1 25
19.9%
-267.3%
Q4 24
-220.6%
Q3 24
19.0%
-228.4%
Q2 24
25.4%
-319.8%
Net Margin
EXPO
EXPO
INSM
INSM
Q1 26
17.8%
Q4 25
19.1%
-124.5%
Q3 25
18.7%
-260.0%
Q2 25
18.3%
-299.5%
Q1 25
17.2%
-276.4%
Q4 24
-225.5%
Q3 24
19.1%
-236.0%
Q2 24
20.8%
-332.8%
EPS (diluted)
EXPO
EXPO
INSM
INSM
Q1 26
$0.59
Q4 25
$0.55
$-1.55
Q3 25
$0.52
$-1.75
Q2 25
$0.52
$-1.70
Q1 25
$0.45
$-1.42
Q4 24
$-1.30
Q3 24
$0.50
$-1.27
Q2 24
$0.57
$-1.94

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EXPO
EXPO
INSM
INSM
Cash + ST InvestmentsLiquidity on hand
$118.6M
$1.4B
Total DebtLower is stronger
$546.8M
Stockholders' EquityBook value
$338.3M
$739.0M
Total Assets
$687.4M
$2.3B
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPO
EXPO
INSM
INSM
Q1 26
$118.6M
Q4 25
$207.4M
$1.4B
Q3 25
$231.8M
$1.7B
Q2 25
$245.1M
$1.9B
Q1 25
$258.9M
$1.2B
Q4 24
$1.4B
Q3 24
$219.7M
$1.5B
Q2 24
$203.3M
$1.2B
Total Debt
EXPO
EXPO
INSM
INSM
Q1 26
Q4 25
$546.8M
Q3 25
$546.8M
Q2 25
$546.8M
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$971.8M
Q2 24
$1.2B
Stockholders' Equity
EXPO
EXPO
INSM
INSM
Q1 26
$338.3M
Q4 25
$402.9M
$739.0M
Q3 25
$427.8M
$945.6M
Q2 25
$441.4M
$1.2B
Q1 25
$421.1M
$99.2M
Q4 24
$285.4M
Q3 24
$410.3M
$483.4M
Q2 24
$393.2M
$38.8M
Total Assets
EXPO
EXPO
INSM
INSM
Q1 26
$687.4M
Q4 25
$761.4M
$2.3B
Q3 25
$759.4M
$2.4B
Q2 25
$763.2M
$2.5B
Q1 25
$777.3M
$1.8B
Q4 24
$2.0B
Q3 24
$744.1M
$2.1B
Q2 24
$709.2M
$1.8B
Debt / Equity
EXPO
EXPO
INSM
INSM
Q1 26
Q4 25
0.74×
Q3 25
0.58×
Q2 25
0.44×
Q1 25
11.31×
Q4 24
3.93×
Q3 24
2.01×
Q2 24
30.66×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EXPO
EXPO
INSM
INSM
Operating Cash FlowLast quarter
$-247.6M
Free Cash FlowOCF − Capex
$-264.2M
FCF MarginFCF / Revenue
-100.1%
Capex IntensityCapex / Revenue
6.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-967.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPO
EXPO
INSM
INSM
Q1 26
Q4 25
$32.7M
$-247.6M
Q3 25
$36.2M
$-219.8M
Q2 25
$7.3M
$-205.6M
Q1 25
$56.1M
$-262.1M
Q4 24
$-196.0M
Q3 24
$29.7M
$-180.9M
Q2 24
$48.3M
$-123.0M
Free Cash Flow
EXPO
EXPO
INSM
INSM
Q1 26
Q4 25
$30.0M
$-264.2M
Q3 25
$33.9M
$-222.2M
Q2 25
$5.5M
$-209.1M
Q1 25
$53.5M
$-272.2M
Q4 24
$-202.8M
Q3 24
$28.0M
$-184.6M
Q2 24
$47.2M
$-129.7M
FCF Margin
EXPO
EXPO
INSM
INSM
Q1 26
Q4 25
20.4%
-100.1%
Q3 25
23.9%
-156.1%
Q2 25
3.8%
-194.6%
Q1 25
39.1%
-293.2%
Q4 24
-194.1%
Q3 24
20.5%
-197.6%
Q2 24
33.6%
-143.6%
Capex Intensity
EXPO
EXPO
INSM
INSM
Q1 26
Q4 25
1.8%
6.3%
Q3 25
1.6%
1.7%
Q2 25
1.2%
3.2%
Q1 25
1.9%
10.8%
Q4 24
6.5%
Q3 24
1.3%
3.9%
Q2 24
0.8%
7.5%
Cash Conversion
EXPO
EXPO
INSM
INSM
Q1 26
Q4 25
1.16×
Q3 25
1.36×
Q2 25
0.27×
Q1 25
2.38×
Q4 24
Q3 24
1.14×
Q2 24
1.65×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EXPO
EXPO

Revenues before reimbursements$151.8M91%
Reimbursements$14.5M9%

INSM
INSM

Segment breakdown not available.

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