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

Regency Centers is the larger business by last-quarter revenue ($404.2M vs $263.8M, roughly 1.5× INSMED Inc). Regency Centers runs the higher net margin — 50.1% vs -124.5%, a 174.6% gap on every dollar of revenue. On growth, INSMED Inc posted the faster year-over-year revenue change (152.6% vs 8.5%). Over the past eight quarters, INSMED Inc's revenue compounded faster (86.9% CAGR vs 5.4%).

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.

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

INSM vs REG — Head-to-Head

Bigger by revenue
REG
REG
1.5× larger
REG
$404.2M
$263.8M
INSM
Growing faster (revenue YoY)
INSM
INSM
+144.1% gap
INSM
152.6%
8.5%
REG
Higher net margin
REG
REG
174.6% more per $
REG
50.1%
-124.5%
INSM
Faster 2-yr revenue CAGR
INSM
INSM
Annualised
INSM
86.9%
5.4%
REG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INSM
INSM
REG
REG
Revenue
$263.8M
$404.2M
Net Profit
$-328.5M
$202.5M
Gross Margin
83.2%
Operating Margin
-121.2%
71.0%
Net Margin
-124.5%
50.1%
Revenue YoY
152.6%
8.5%
Net Profit YoY
-39.5%
134.1%
EPS (diluted)
$-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
INSM
INSM
REG
REG
Q4 25
$263.8M
$404.2M
Q3 25
$142.3M
$387.6M
Q2 25
$107.4M
$380.8M
Q1 25
$92.8M
$380.9M
Q4 24
$104.4M
$372.5M
Q3 24
$93.4M
$360.3M
Q2 24
$90.3M
$357.3M
Q1 24
$75.5M
$363.9M
Net Profit
INSM
INSM
REG
REG
Q4 25
$-328.5M
$202.5M
Q3 25
$-370.0M
$109.4M
Q2 25
$-321.7M
$106.0M
Q1 25
$-256.6M
$109.6M
Q4 24
$-235.5M
$86.5M
Q3 24
$-220.5M
$101.5M
Q2 24
$-300.6M
$102.7M
Q1 24
$-157.1M
$109.8M
Gross Margin
INSM
INSM
REG
REG
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%
Q1 24
76.9%
Operating Margin
INSM
INSM
REG
REG
Q4 25
-121.2%
71.0%
Q3 25
-257.1%
72.7%
Q2 25
-291.3%
73.8%
Q1 25
-267.3%
71.8%
Q4 24
-220.6%
71.1%
Q3 24
-228.4%
72.5%
Q2 24
-319.8%
72.3%
Q1 24
-192.7%
72.3%
Net Margin
INSM
INSM
REG
REG
Q4 25
-124.5%
50.1%
Q3 25
-260.0%
28.2%
Q2 25
-299.5%
27.8%
Q1 25
-276.4%
28.8%
Q4 24
-225.5%
23.2%
Q3 24
-236.0%
28.2%
Q2 24
-332.8%
28.7%
Q1 24
-208.1%
30.2%
EPS (diluted)
INSM
INSM
REG
REG
Q4 25
$-1.55
Q3 25
$-1.75
Q2 25
$-1.70
Q1 25
$-1.42
Q4 24
$-1.30
Q3 24
$-1.27
Q2 24
$-1.94
Q1 24
$-1.06

Balance Sheet & Financial Strength

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

Metric
INSM
INSM
REG
REG
Cash + ST InvestmentsLiquidity on hand
$1.4B
Total DebtLower is stronger
$546.8M
$4.7B
Stockholders' EquityBook value
$739.0M
$6.9B
Total Assets
$2.3B
$13.0B
Debt / EquityLower = less leverage
0.74×
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INSM
INSM
REG
REG
Q4 25
$1.4B
Q3 25
$1.7B
Q2 25
$1.9B
Q1 25
$1.2B
Q4 24
$1.4B
Q3 24
$1.5B
Q2 24
$1.2B
Q1 24
$595.7M
Total Debt
INSM
INSM
REG
REG
Q4 25
$546.8M
$4.7B
Q3 25
$546.8M
$4.9B
Q2 25
$546.8M
$4.8B
Q1 25
$1.1B
$4.6B
Q4 24
$1.1B
$4.4B
Q3 24
$971.8M
$4.4B
Q2 24
$1.2B
$4.4B
Q1 24
$1.2B
$4.4B
Stockholders' Equity
INSM
INSM
REG
REG
Q4 25
$739.0M
$6.9B
Q3 25
$945.6M
$6.8B
Q2 25
$1.2B
$6.7B
Q1 25
$99.2M
$6.7B
Q4 24
$285.4M
$6.7B
Q3 24
$483.4M
$6.8B
Q2 24
$38.8M
$6.8B
Q1 24
$-464.8M
$7.0B
Total Assets
INSM
INSM
REG
REG
Q4 25
$2.3B
$13.0B
Q3 25
$2.4B
$13.1B
Q2 25
$2.5B
$12.7B
Q1 25
$1.8B
$12.6B
Q4 24
$2.0B
$12.4B
Q3 24
$2.1B
$12.4B
Q2 24
$1.8B
$12.4B
Q1 24
$1.2B
$12.7B
Debt / Equity
INSM
INSM
REG
REG
Q4 25
0.74×
0.69×
Q3 25
0.58×
0.72×
Q2 25
0.44×
0.72×
Q1 25
11.31×
0.69×
Q4 24
3.93×
0.66×
Q3 24
2.01×
0.65×
Q2 24
30.66×
0.64×
Q1 24
0.63×

Cash Flow & Capital Efficiency

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

Metric
INSM
INSM
REG
REG
Operating Cash FlowLast quarter
$-247.6M
$203.9M
Free Cash FlowOCF − Capex
$-264.2M
FCF MarginFCF / Revenue
-100.1%
Capex IntensityCapex / Revenue
6.3%
Cash ConversionOCF / Net Profit
1.01×
TTM Free Cash FlowTrailing 4 quarters
$-967.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INSM
INSM
REG
REG
Q4 25
$-247.6M
$203.9M
Q3 25
$-219.8M
$218.7M
Q2 25
$-205.6M
$244.0M
Q1 25
$-262.1M
$161.0M
Q4 24
$-196.0M
$191.4M
Q3 24
$-180.9M
$227.6M
Q2 24
$-123.0M
$203.5M
Q1 24
$-184.0M
$167.8M
Free Cash Flow
INSM
INSM
REG
REG
Q4 25
$-264.2M
Q3 25
$-222.2M
Q2 25
$-209.1M
Q1 25
$-272.2M
Q4 24
$-202.8M
Q3 24
$-184.6M
Q2 24
$-129.7M
Q1 24
$-188.7M
FCF Margin
INSM
INSM
REG
REG
Q4 25
-100.1%
Q3 25
-156.1%
Q2 25
-194.6%
Q1 25
-293.2%
Q4 24
-194.1%
Q3 24
-197.6%
Q2 24
-143.6%
Q1 24
-250.0%
Capex Intensity
INSM
INSM
REG
REG
Q4 25
6.3%
Q3 25
1.7%
Q2 25
3.2%
Q1 25
10.8%
Q4 24
6.5%
Q3 24
3.9%
Q2 24
7.5%
Q1 24
6.2%
Cash Conversion
INSM
INSM
REG
REG
Q4 25
1.01×
Q3 25
2.00×
Q2 25
2.30×
Q1 25
1.47×
Q4 24
2.21×
Q3 24
2.24×
Q2 24
1.98×
Q1 24
1.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INSM
INSM

Segment breakdown not available.

REG
REG

Shopping Centers$418.0M103%
Propertymanagementservices$4.1M1%
Assetmanagementservices$1.7M0%

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