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Side-by-side financial comparison of FRANKLIN ELECTRIC CO INC (FELE) and Inspire Medical Systems, Inc. (INSP). Click either name above to swap in a different company.

FRANKLIN ELECTRIC CO INC is the larger business by last-quarter revenue ($500.4M vs $269.1M, roughly 1.9× Inspire Medical Systems, Inc.). Inspire Medical Systems, Inc. runs the higher net margin — 50.6% vs 6.9%, a 43.6% gap on every dollar of revenue. On growth, Inspire Medical Systems, Inc. posted the faster year-over-year revenue change (12.2% vs 9.9%). Over the past eight quarters, Inspire Medical Systems, Inc.'s revenue compounded faster (28.1% CAGR vs -4.0%).

Franklin Electric Co., Inc. is a manufacturer and distributor of products and systems focused on the movement and management of water and energy. The company offers pumps, motors, drives, and controls for use in a variety of residential, commercial, agricultural, industrial, and municipal applications. Headquartered in Fort Wayne, Indiana, the company also operates manufacturing facilities in the United States, Germany, Czech Republic, Italy, Turkey, Mexico, Brazil, Australia, South Africa, C...

Inspire Medical Systems, Inc. is a medical technology firm that develops, manufactures and commercializes implantable neurostimulation solutions for obstructive sleep apnea. Its core product serves patients intolerant to CPAP therapy, with main markets across North America, Europe, and select Asia-Pacific regions, operating in sleep medicine and otolaryngology segments.

FELE vs INSP — Head-to-Head

Bigger by revenue
FELE
FELE
1.9× larger
FELE
$500.4M
$269.1M
INSP
Growing faster (revenue YoY)
INSP
INSP
+2.3% gap
INSP
12.2%
9.9%
FELE
Higher net margin
INSP
INSP
43.6% more per $
INSP
50.6%
6.9%
FELE
Faster 2-yr revenue CAGR
INSP
INSP
Annualised
INSP
28.1%
-4.0%
FELE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FELE
FELE
INSP
INSP
Revenue
$500.4M
$269.1M
Net Profit
$34.7M
$136.1M
Gross Margin
35.0%
86.6%
Operating Margin
9.6%
17.1%
Net Margin
6.9%
50.6%
Revenue YoY
9.9%
12.2%
Net Profit YoY
10.6%
286.4%
EPS (diluted)
$0.77
$4.57

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
FELE
FELE
INSP
INSP
Q1 26
$500.4M
Q4 25
$506.9M
$269.1M
Q3 25
$581.7M
$224.5M
Q2 25
$587.4M
$217.1M
Q1 25
$455.2M
$201.3M
Q4 24
$485.7M
$239.7M
Q3 24
$531.4M
$203.2M
Q2 24
$543.3M
$195.9M
Net Profit
FELE
FELE
INSP
INSP
Q1 26
$34.7M
Q4 25
$39.3M
$136.1M
Q3 25
$16.7M
$9.9M
Q2 25
$60.1M
$-3.6M
Q1 25
$31.0M
$3.0M
Q4 24
$33.7M
$35.2M
Q3 24
$54.6M
$18.5M
Q2 24
$59.1M
$9.8M
Gross Margin
FELE
FELE
INSP
INSP
Q1 26
35.0%
Q4 25
33.8%
86.6%
Q3 25
35.9%
85.8%
Q2 25
36.1%
84.0%
Q1 25
36.0%
84.7%
Q4 24
33.8%
85.0%
Q3 24
35.7%
84.1%
Q2 24
36.8%
84.8%
Operating Margin
FELE
FELE
INSP
INSP
Q1 26
9.6%
Q4 25
10.2%
17.1%
Q3 25
14.6%
4.3%
Q2 25
15.0%
-1.5%
Q1 25
9.7%
-0.7%
Q4 24
8.9%
13.3%
Q3 24
13.8%
7.0%
Q2 24
14.6%
2.6%
Net Margin
FELE
FELE
INSP
INSP
Q1 26
6.9%
Q4 25
7.7%
50.6%
Q3 25
2.9%
4.4%
Q2 25
10.2%
-1.7%
Q1 25
6.8%
1.5%
Q4 24
6.9%
14.7%
Q3 24
10.3%
9.1%
Q2 24
10.9%
5.0%
EPS (diluted)
FELE
FELE
INSP
INSP
Q1 26
$0.77
Q4 25
$0.87
$4.57
Q3 25
$0.37
$0.34
Q2 25
$1.31
$-0.12
Q1 25
$0.67
$0.10
Q4 24
$0.73
$1.17
Q3 24
$1.17
$0.60
Q2 24
$1.26
$0.32

Balance Sheet & Financial Strength

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

Metric
FELE
FELE
INSP
INSP
Cash + ST InvestmentsLiquidity on hand
$80.4M
$308.3M
Total DebtLower is stronger
$134.4M
Stockholders' EquityBook value
$1.3B
$781.2M
Total Assets
$2.0B
$907.3M
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FELE
FELE
INSP
INSP
Q1 26
$80.4M
Q4 25
$99.7M
$308.3M
Q3 25
$102.9M
$322.6M
Q2 25
$104.6M
$300.9M
Q1 25
$84.0M
$369.2M
Q4 24
$220.5M
$445.5M
Q3 24
$106.3M
$411.0M
Q2 24
$58.1M
$439.7M
Total Debt
FELE
FELE
INSP
INSP
Q1 26
$134.4M
Q4 25
$135.2M
Q3 25
$135.2M
Q2 25
$14.5M
Q1 25
$14.9M
Q4 24
$11.6M
Q3 24
$11.6M
Q2 24
$87.2M
Stockholders' Equity
FELE
FELE
INSP
INSP
Q1 26
$1.3B
Q4 25
$1.3B
$781.2M
Q3 25
$1.3B
$666.5M
Q2 25
$1.3B
$677.8M
Q1 25
$1.3B
$635.7M
Q4 24
$1.3B
$689.7M
Q3 24
$1.3B
$696.6M
Q2 24
$1.2B
$638.1M
Total Assets
FELE
FELE
INSP
INSP
Q1 26
$2.0B
Q4 25
$1.9B
$907.3M
Q3 25
$2.0B
$807.7M
Q2 25
$2.0B
$802.2M
Q1 25
$1.9B
$730.8M
Q4 24
$1.8B
$808.4M
Q3 24
$1.8B
$796.2M
Q2 24
$1.8B
$728.4M
Debt / Equity
FELE
FELE
INSP
INSP
Q1 26
0.10×
Q4 25
0.10×
Q3 25
0.10×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.01×
Q3 24
0.01×
Q2 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
FELE
FELE
INSP
INSP
Operating Cash FlowLast quarter
$52.5M
Free Cash FlowOCF − Capex
$41.8M
FCF MarginFCF / Revenue
15.5%
Capex IntensityCapex / Revenue
4.0%
Cash ConversionOCF / Net Profit
0.39×
TTM Free Cash FlowTrailing 4 quarters
$78.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FELE
FELE
INSP
INSP
Q1 26
Q4 25
$104.2M
$52.5M
Q3 25
$102.7M
$68.5M
Q2 25
$51.5M
$2.7M
Q1 25
$-19.5M
$-6.7M
Q4 24
$110.3M
$69.2M
Q3 24
$116.1M
$52.3M
Q2 24
$36.4M
$-78.0K
Free Cash Flow
FELE
FELE
INSP
INSP
Q1 26
Q4 25
$88.7M
$41.8M
Q3 25
$91.3M
$58.1M
Q2 25
$39.9M
$-6.3M
Q1 25
$-26.3M
$-15.1M
Q4 24
$97.5M
$62.2M
Q3 24
$106.6M
$44.3M
Q2 24
$26.1M
$-12.5M
FCF Margin
FELE
FELE
INSP
INSP
Q1 26
Q4 25
17.5%
15.5%
Q3 25
15.7%
25.9%
Q2 25
6.8%
-2.9%
Q1 25
-5.8%
-7.5%
Q4 24
20.1%
25.9%
Q3 24
20.1%
21.8%
Q2 24
4.8%
-6.4%
Capex Intensity
FELE
FELE
INSP
INSP
Q1 26
Q4 25
3.1%
4.0%
Q3 25
2.0%
4.6%
Q2 25
2.0%
4.1%
Q1 25
1.5%
4.2%
Q4 24
2.6%
2.9%
Q3 24
1.8%
3.9%
Q2 24
1.9%
6.3%
Cash Conversion
FELE
FELE
INSP
INSP
Q1 26
Q4 25
2.65×
0.39×
Q3 25
6.14×
6.90×
Q2 25
0.86×
Q1 25
-0.63×
-2.24×
Q4 24
3.28×
1.96×
Q3 24
2.13×
2.83×
Q2 24
0.62×
-0.01×

Financial Flow Comparison

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

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