INMD
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 7.29 | 9.38 | 18.21 | 34.77 |
| Price to Sales | 3.35 | 3.78 | 6.48 | 16.08 |
| Book Value Per Common Share | 10.12 | 9.38 | 6.72 | 5.01 |
| Price to Book | 1.65 | 2.37 | 5.31 | 14.09 |
| Price to Operating Cash Flow | 9.98 | 10.51 | 16.22 | 32.87 |
| Price to Free Cash Flow | 10.03 | 10.55 | 16.36 | 33.05 |
| Enterprise Value to EBITDA | 102558.82 | 95153.26 | 148428.07 | 348616.87 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 42.57 | 34.38 | 68.23 | 14.52 | 25.68 |
| Price to Sales | 10.12 | 9.55 | 15.66 | 12.27 | 10.02 |
| Book Value Per Common Share | 10.32 | 9.94 | 10.17 | 10.12 | 9.66 |
| Price to Book | 1.44 | 1.45 | 1.74 | 1.65 | 1.75 |
| Price to Operating Cash Flow | 38.54 | 37.94 | 86.88 | 37.00 | 38.34 |
| Price to Free Cash Flow | 38.75 | 38.29 | 87.39 | 37.27 | 38.43 |
| Enterprise Value to EBITDA | 447909.20 | 395583.26 | 684301.24 | 413193.98 | 267020.92 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -3.38 | 20.92 | -3.45 | |
| Revenue YoY | -19.76 | 8.32 | 27.05 | |
| EBITDA YoY | -42.30 | -1.13 | 18.18 | |
| Net Profit YoY | -8.41 | 22.54 | -2.09 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | -16.67 | 61.54 | -77.39 | 74.24 | |
| Revenue YoY | -2.55 | 22.77 | -20.42 | -24.86 | |
| EBITDA YoY | -8.75 | 46.10 | -43.82 | -41.92 | |
| Net Profit YoY | -18.24 | 46.93 | -78.01 | 62.33 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 7.52 | 8.88 | 6.64 | 5.11 |
| Quick Ratio | 9.13 | 12.24 | 7.02 | 8.50 |
| Current Ratio | 10.23 | 13.18 | 7.67 | 9.07 |
| Debt to Equity | 0.12 | 0.10 | 0.16 | 0.15 |
| Long-Term Debt to Equity | 0.02 | 0.02 | 0.01 | 0.03 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 8.41 | 8.07 | 7.46 | 8.30 | 8.89 |
| Quick Ratio | 8.71 | 8.58 | 7.86 | 9.13 | 9.91 |
| Current Ratio | 9.75 | 9.60 | 8.73 | 10.23 | 10.68 |
| Debt to Equity | 0.12 | 0.13 | 0.14 | 0.12 | 0.12 |
| Long-Term Debt to Equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 23.07 | 22.93 | 25.06 | 34.47 |
| ROE | 25.76 | 25.14 | 29.12 | 39.68 |
| Gross Margin | 80.31 | 83.60 | 83.82 | 85.01 |
| Operating Margin | 28.50 | 39.76 | 43.55 | 46.84 |
| EBITDA Margin | 28.69 | 39.89 | 43.70 | 46.98 |
| Net Profit Margin | 45.91 | 40.22 | 35.56 | 46.14 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 2.98 | 3.78 | 2.58 | 10.54 | 6.19 |
| ROE | 3.35 | 4.26 | 2.94 | 11.76 | 6.92 |
| Gross Margin | 77.61 | 79.97 | 78.22 | 79.34 | 81.53 |
| Operating Margin | 22.43 | 23.93 | 20.06 | 28.48 | 37.06 |
| EBITDA Margin | 22.60 | 24.13 | 20.28 | 28.73 | 37.16 |
| Net Profit Margin | 23.47 | 27.97 | 23.37 | 84.59 | 39.15 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 785,667.00 | 863,286.00 | 644,409.00 | 478,541.00 |
| Current Assets | 714,452.00 | 845,330.00 | 629,371.00 | 470,114.00 |
| Cash and Short-Term Investments | 596,472.00 | 741,605.00 | 547,383.00 | 415,914.00 |
| Cash and Cash Equivalents | 155,329.00 | 144,411.00 | 97,540.00 | 68,136.00 |
| Short-Term Investments | 441,143.00 | 597,194.00 | 449,843.00 | 347,778.00 |
| Net Receivables | 41,051.00 | 43,629.00 | 28,265.00 | 24,770.00 |
| Inventory | 59,548.00 | 45,095.00 | 39,897.00 | 21,026.00 |
| Other Current Assets | 17,381.00 | 15,001.00 | 13,826.00 | 8,404.00 |
| Non-Current Assets | 71,215.00 | 17,956.00 | 15,038.00 | 8,427.00 |
| Property, Plant, Equipment Net | 11,054.00 | 12,080.00 | 7,371.00 | 5,725.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 700.00 | 700.00 | 600.00 | 600.00 |
| Non-Current Deferred Assets | 56,285.00 | 1,506.00 | 3,094.00 | 1,334.00 |
| Other Non-Current Assets | 3,176.00 | 3,670.00 | 3,973.00 | 768.00 |
| Liabilities | 81,854.00 | 75,914.00 | 89,791.00 | 62,739.00 |
| Current Liabilities | 69,851.00 | 64,136.00 | 82,020.00 | 51,850.00 |
| Payables and Expenses | 17,094.00 | 17,319.00 | 35,483.00 | 10,018.00 |
| Account Payables | 13,782.00 | 13,966.00 | 16,242.00 | 8,779.00 |
| Current Accrued Liabilities | 2,379.00 | 1,435.00 | 0 | 0 |
| Short-Term Debt | 2,511.00 | 2,404.00 | 1,453.00 | 1,209.00 |
| Other Current Liabilities | 50,246.00 | 44,413.00 | 45,084.00 | 40,623.00 |
| Non-Current Liabilities | 12,003.00 | 11,778.00 | 7,771.00 | 10,889.00 |
| Long-Term Debt | 5,311.00 | 6,613.00 | 3,509.00 | 3,307.00 |
| Other Non-Current Liabilities | 6,692.00 | 5,165.00 | 4,262.00 | 7,582.00 |
| Equity | 703,813.00 | 787,372.00 | 554,618.00 | 415,802.00 |
| Shareholders Equity | 703,813.00 | 787,372.00 | 554,618.00 | 415,802.00 |
| Capital Stock | 249.00 | 245.00 | 241.00 | 239.00 |
| Share Premium | 197,028.00 | 177,820.00 | 148,803.00 | 122,698.00 |
| Retained Earnings | 874,701.00 | 693,426.00 | 495,507.00 | 333,987.00 |
| Treasury Shares | 367,825.00 | 82,440.00 | 82,440.00 | 39,803.00 |
| Accumulated Other Comprehensive Income | -340.00 | -1,679.00 | -7,493.00 | -1,319.00 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 7,822.00 | 9,017.00 | 4,962.00 | 4,516.00 |
| Common Shares Outstanding | 69,558.67 | 83,982.46 | 82,544.99 | 82,978.12 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 394,818.00 | 492,048.00 | 454,271.00 | 357,565.00 |
| Cost Of Revenue | 77,752.00 | 80,708.00 | 73,485.00 | 53,592.00 |
| Interest Income | 30,938.00 | 21,607.00 | 3,612.00 | 525.00 |
| Non-Interest Expense | 191,398.00 | 202,270.00 | 170,507.00 | 127,764.00 |
| Gross Profit | 317,066.00 | 411,340.00 | 380,786.00 | 303,973.00 |
| Operating Expenses | 204,535.00 | 215,680.00 | 182,932.00 | 136,496.00 |
| Selling, General and Administrative Expenses | 191,398.00 | 202,270.00 | 170,507.00 | 127,764.00 |
| Research and Development Expenses | 13,137.00 | 13,410.00 | 12,425.00 | 9,532.00 |
| Other Operating Expenses | 0 | 0 | 0 | -800.00 |
| Operating Income | 112,531.00 | 195,660.00 | 197,854.00 | 167,477.00 |
| EBT | 143,469.00 | 217,267.00 | 201,466.00 | 168,002.00 |
| Income Tax | -37,806.00 | 19,348.00 | 39,946.00 | 2,928.00 |
| Net Income Including Non-Controlling Interests | 181,275.00 | 197,919.00 | 161,520.00 | 165,074.00 |
| Net Income Non-Controlling Interests | 0 | 0 | 0 | -103.00 |
| Net Income | 181,275.00 | 197,919.00 | 161,520.00 | 164,971.00 |
| EBIT | 112,531.00 | 195,660.00 | 197,854.00 | 167,477.00 |
| Deprecation and Amortization | 728.00 | 623.00 | 680.00 | 517.00 |
| EBITDA | 113,259.00 | 196,283.00 | 198,534.00 | 167,994.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 79,306.00 | 83,534.00 | 82,482.00 | 81,445.00 |
| Average Shares Outstanding Diluted | 80,597.00 | 85,954.00 | 85,404.00 | 86,017.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 132,664.00 | 176,826.00 | 181,578.00 | 174,885.00 |
| Operating Net Income | 181,275.00 | 197,919.00 | 161,520.00 | 165,074.00 |
| Deprecation and Amortization | 728.00 | 623.00 | 680.00 | 517.00 |
| Deferred Income Tax | -55,179.00 | -184.00 | 84.00 | -770.00 |
| Share Based Compensation | 16,569.00 | 23,600.00 | 24,452.00 | 11,962.00 |
| Change in Working Capital | -7,067.00 | -41,438.00 | -4,468.00 | -3,812.00 |
| Other Operating Activities | -3,662.00 | -3,694.00 | -690.00 | 1,914.00 |
| Investing Cash Flow | 162,206.00 | -136,064.00 | -109,474.00 | -160,106.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -669.00 | -705.00 | -1,575.00 | -939.00 |
| Net Purchase/Sale of Investments Net | 162,875.00 | -135,359.00 | -107,899.00 | -159,167.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -282,771.00 | 5,504.00 | -41,085.00 | -15,022.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | -285,385.00 | 0 | -42,637.00 | -35,365.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 2,614.00 | 5,504.00 | 1,552.00 | 20,343.00 |
| Net Change in Cash | 12,099.00 | 46,266.00 | 31,019.00 | -243.00 |
| Cash at Beginning of Period | 144,411.00 | 97,540.00 | 68,136.00 | 68,938.00 |
| Cash at End of Period | 155,329.00 | 144,411.00 | 97,540.00 | 68,136.00 |
| Free Cash Flow | 131,995.00 | 176,121.00 | 180,003.00 | 173,946.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 734,605.00 | 708,348.00 | 704,735.00 | 785,667.00 | 824,033.00 |
| Current Assets | 666,291.00 | 638,781.00 | 634,637.00 | 714,452.00 | 808,396.00 |
| Cash and Short-Term Investments | 532,308.00 | 510,683.00 | 512,925.00 | 596,472.00 | 684,888.00 |
| Cash and Cash Equivalents | 252,437.00 | 216,237.00 | 145,948.00 | 155,329.00 | 164,838.00 |
| Short-Term Investments | 279,871.00 | 294,446.00 | 366,977.00 | 441,143.00 | 520,050.00 |
| Net Receivables | 62,580.00 | 59,988.00 | 57,931.00 | 41,051.00 | 65,224.00 |
| Inventory | 71,403.00 | 68,110.00 | 63,781.00 | 59,548.00 | 58,284.00 |
| Other Current Assets | 0.00 | 0.00 | 0.00 | 17,381.00 | 0.00 |
| Non-Current Assets | 68,314.00 | 69,567.00 | 70,098.00 | 71,215.00 | 15,637.00 |
| Property, Plant, Equipment Net | 11,160.00 | 11,559.00 | 11,366.00 | 11,054.00 | 10,972.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 700.00 | 700.00 | 700.00 | 700.00 | 700.00 |
| Non-Current Deferred Assets | 54,104.00 | 54,763.00 | 55,338.00 | 56,285.00 | 1,048.00 |
| Other Non-Current Assets | 2,350.00 | 2,545.00 | 2,694.00 | 3,176.00 | 2,917.00 |
| Liabilities | 81,220.00 | 79,911.00 | 85,307.00 | 81,854.00 | 87,141.00 |
| Current Liabilities | 68,330.00 | 66,534.00 | 72,658.00 | 69,851.00 | 75,698.00 |
| Payables and Expenses | 16,723.00 | 17,482.00 | 15,052.00 | 17,094.00 | 14,313.00 |
| Account Payables | 16,723.00 | 17,482.00 | 15,052.00 | 13,782.00 | 14,313.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 2,379.00 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 2,511.00 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 50,246.00 | 0 |
| Non-Current Liabilities | 12,890.00 | 13,377.00 | 12,649.00 | 12,003.00 | 11,443.00 |
| Long-Term Debt | 5,593.00 | 6,103.00 | 5,588.00 | 5,311.00 | 5,317.00 |
| Other Non-Current Liabilities | 7,297.00 | 7,274.00 | 7,061.00 | 6,692.00 | 6,126.00 |
| Equity | 653,385.00 | 628,437.00 | 619,428.00 | 703,813.00 | 736,892.00 |
| Shareholders Equity | 653,385.00 | 628,437.00 | 619,428.00 | 703,813.00 | 736,892.00 |
| Capital Stock | 0 | 0 | 0 | 249.00 | 0 |
| Share Premium | 0 | 0 | 0 | 197,028.00 | 0 |
| Retained Earnings | 0 | 0 | 0 | 874,701.00 | 0 |
| Treasury Shares | 0 | 0 | 0 | 367,825.00 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | -340.00 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 5,593.00 | 6,103.00 | 5,588.00 | 7,822.00 | 5,317.00 |
| Common Shares Outstanding | 0 | 63,209.15 | 60,918.79 | 69,558.67 | 76,249.12 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 93,165.00 | 95,602.00 | 77,874.00 | 97,853.00 | 130,232.00 |
| Cost Of Revenue | 20,856.00 | 19,152.00 | 16,963.00 | 20,216.00 | 24,055.00 |
| Interest Income | 0 | 0 | 6,859.00 | 0 | 0 |
| Non-Interest Expense | 47,869.00 | 50,197.00 | 42,398.00 | 47,106.00 | 54,662.00 |
| Gross Profit | 72,309.00 | 76,450.00 | 60,911.00 | 77,637.00 | 106,177.00 |
| Operating Expenses | 51,412.00 | 53,569.00 | 45,293.00 | 49,773.00 | 57,916.00 |
| Selling, General and Administrative Expenses | 47,869.00 | 50,197.00 | 42,398.00 | 47,106.00 | 54,662.00 |
| Research and Development Expenses | 3,543.00 | 3,372.00 | 2,895.00 | 2,667.00 | 3,254.00 |
| Operating Income | 20,897.00 | 22,881.00 | 15,618.00 | 27,864.00 | 48,261.00 |
| EBT | 25,618.00 | 30,943.00 | 22,477.00 | 32,210.00 | 58,179.00 |
| Income Tax | 3,755.00 | 4,201.00 | 4,276.00 | -50,561.00 | 7,189.00 |
| Net Income Including Non-Controlling Interests | 21,863.00 | 26,742.00 | 18,201.00 | 82,771.00 | 50,990.00 |
| Net Income | 21,863.00 | 26,742.00 | 18,201.00 | 82,771.00 | 50,990.00 |
| EBIT | 20,897.00 | 22,881.00 | 15,618.00 | 27,864.00 | 48,261.00 |
| Deprecation and Amortization | 156.00 | 191.00 | 174.00 | 248.00 | 138.00 |
| EBITDA | 21,053.00 | 23,072.00 | 15,792.00 | 28,112.00 | 48,399.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 63,291.00 | 63,252.00 | 68,760.00 | 71,874.00 | 77,022.00 |
| Average Shares Outstanding Diluted | 63,868.00 | 63,637.00 | 69,435.00 | 72,787.00 | 77,908.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 24,467.00 | 24,072.00 | 14,044.00 | 32,442.00 | 34,049.00 |
| Operating Net Income | 21,863.00 | 26,742.00 | 18,201.00 | 82,771.00 | 50,990.00 |
| Deprecation and Amortization | 156.00 | 191.00 | 174.00 | 248.00 | 138.00 |
| Deferred Income Tax | 602.00 | 566.00 | 896.00 | -55,121.00 | 35.00 |
| Share Based Compensation | 2,696.00 | 3,418.00 | 2,518.00 | 3,447.00 | 3,981.00 |
| Change in Working Capital | -4,114.00 | -6,684.00 | -6,075.00 | -591.00 | -25,117.00 |
| Other Operating Activities | 3,264.00 | -161.00 | -1,670.00 | 1,688.00 | 4,022.00 |
| Investing Cash Flow | 11,668.00 | 71,656.00 | 75,485.00 | 77,816.00 | 114,055.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -134.00 | -219.00 | -85.00 | -234.00 | -77.00 |
| Net Purchase/Sale of Investments Net | 11,802.00 | 71,875.00 | 75,570.00 | 78,050.00 | 114,132.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 249.00 | -26,979.00 | -99,466.00 | -118,429.00 | -75,991.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 0 | -27,484.00 | -99,960.00 | -119,849.00 | -76,556.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 249.00 | 505.00 | 494.00 | 1,420.00 | 565.00 |
| Net Change in Cash | 36,384.00 | 68,749.00 | -9,937.00 | -8,171.00 | 72,113.00 |
| Cash at Beginning of Period | 216,237.00 | 145,948.00 | 155,329.00 | 164,838.00 | 91,997.00 |
| Cash at End of Period | 252,437.00 | 216,237.00 | 145,948.00 | 155,329.00 | 164,838.00 |
| Free Cash Flow | 24,333.00 | 23,853.00 | 13,959.00 | 32,208.00 | 33,972.00 |