Biotechnology
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INSM vs IONS
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
INSM vs IONS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Biotechnology | Biotechnology |
| Market Cap | $22.62B | $12.56B |
| Revenue (TTM) | $606M | $1.06B |
| Net Income (TTM) | $-1.28B | $-327M |
| Gross Margin | 79.4% | 98.3% |
| Operating Margin | -194.0% | -33.3% |
| Total Debt | $768M | $2.61B |
| Cash & Equiv. | $510M | $372M |
INSM vs IONS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Insmed Incorporated (INSM) | 100 | 431.5 | +331.5% |
| Ionis Pharmaceutica… (IONS) | 100 | 135.2 | +35.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: INSM vs IONS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
INSM is the clearest fit if your priority is income & stability and growth exposure.
- beta 0.54
- Rev growth 66.7%, EPS growth -15.1%, 3Y rev CAGR 35.2%
- 7.9% 10Y total return vs IONS's 121.1%
IONS carries the broadest edge in this set and is the clearest fit for quality and momentum.
- -30.9% margin vs INSM's -210.5%
- +129.9% vs INSM's +53.5%
- -10.1% ROA vs INSM's -57.3%, ROIC -12.8% vs -86.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 66.7% revenue growth vs IONS's 33.9% | |
| Quality / Margins | -30.9% margin vs INSM's -210.5% | |
| Stability / Safety | Beta 0.54 vs IONS's 0.55, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +129.9% vs INSM's +53.5% | |
| Efficiency (ROA) | -10.1% ROA vs INSM's -57.3%, ROIC -12.8% vs -86.5% |
INSM vs IONS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
INSM vs IONS — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
IONS leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
IONS is the larger business by revenue, generating $1.1B annually — 1.7x INSM's $606M. Profitability is closely matched — net margins range from -30.9% (IONS) to -2.1% (INSM). On growth, INSM holds the edge at +152.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $606M | $1.1B |
| EBITDAEarnings before interest/tax | -$1.2B | $4.5B |
| Net IncomeAfter-tax profit | -$1.3B | -$327M |
| Free Cash FlowCash after capex | -$998M | -$971M |
| Gross MarginGross profit ÷ Revenue | +79.4% | +98.3% |
| Operating MarginEBIT ÷ Revenue | -194.0% | -33.3% |
| Net MarginNet income ÷ Revenue | -2.1% | -30.9% |
| FCF MarginFCF ÷ Revenue | -164.5% | -91.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +152.6% | +87.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -16.7% | +39.8% |
Valuation Metrics
IONS leads this category, winning 3 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $22.6B | $12.6B |
| Enterprise ValueMkt cap + debt − cash | $22.9B | $14.8B |
| Trailing P/EPrice ÷ TTM EPS | -16.35x | -31.94x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | 37.30x | 13.31x |
| Price / BookPrice ÷ Book value/share | 30.30x | 24.87x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
IONS leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
IONS delivers a -58.6% return on equity — every $100 of shareholder capital generates $-59 in annual profit, vs $-168 for INSM. INSM carries lower financial leverage with a 1.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to IONS's 5.35x. On the Piotroski fundamental quality scale (0–9), INSM scores 4/9 vs IONS's 3/9, reflecting mixed financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -168.4% | -58.6% |
| ROA (TTM)Return on assets | -57.3% | -10.1% |
| ROICReturn on invested capital | -86.5% | -12.8% |
| ROCEReturn on capital employed | -66.8% | -14.1% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 3 |
| Debt / EquityFinancial leverage | 1.04x | 5.35x |
| Net DebtTotal debt minus cash | $258M | $2.2B |
| Cash & Equiv.Liquid assets | $510M | $372M |
| Total DebtShort + long-term debt | $768M | $2.6B |
| Interest CoverageEBIT ÷ Interest expense | -14.23x | -3.64x |
Total Returns (Dividends Reinvested)
INSM leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in INSM five years ago would be worth $32,168 today (with dividends reinvested), compared to $20,805 for IONS. Over the past 12 months, IONS leads with a +129.9% total return vs INSM's +53.5%. The 3-year compound annual growth rate (CAGR) favors INSM at 77.0% vs IONS's 29.3% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -40.8% | -4.6% |
| 1-Year ReturnPast 12 months | +53.5% | +129.9% |
| 3-Year ReturnCumulative with dividends | +454.5% | +116.1% |
| 5-Year ReturnCumulative with dividends | +221.7% | +108.0% |
| 10-Year ReturnCumulative with dividends | +793.5% | +121.1% |
| CAGR (3Y)Annualised 3-year return | +77.0% | +29.3% |
Risk & Volatility
Evenly matched — INSM and IONS each lead in 1 of 2 comparable metrics.
Risk & Volatility
INSM is the less volatile stock with a 0.54 beta — it tends to amplify market swings less than IONS's 0.55 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IONS currently trades 87.6% from its 52-week high vs INSM's 49.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.54x | 0.55x |
| 52-Week HighHighest price in past year | $212.75 | $86.74 |
| 52-Week LowLowest price in past year | $63.81 | $31.66 |
| % of 52W HighCurrent price vs 52-week peak | +49.3% | +87.6% |
| RSI (14)Momentum oscillator 0–100 | 41.9 | 58.8 |
| Avg Volume (50D)Average daily shares traded | 2.3M | 2.0M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates INSM as "Buy" and IONS as "Buy". Consensus price targets imply 107.2% upside for INSM (target: $217) vs 41.1% for IONS (target: $107).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $217.11 | $107.27 |
| # AnalystsCovering analysts | 35 | 32 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
IONS leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). INSM leads in 1 (Total Returns). 1 tied.
INSM vs IONS: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is INSM or IONS a better buy right now?
For growth investors, Insmed Incorporated (INSM) is the stronger pick with 66.
7% revenue growth year-over-year, versus 33. 9% for Ionis Pharmaceuticals, Inc. (IONS). Analysts rate Insmed Incorporated (INSM) a "Buy" — based on 35 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — INSM or IONS?
Over the past 5 years, Insmed Incorporated (INSM) delivered a total return of +221.
7%, compared to +108. 0% for Ionis Pharmaceuticals, Inc. (IONS). Over 10 years, the gap is even starker: INSM returned +793. 5% versus IONS's +121. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — INSM or IONS?
By beta (market sensitivity over 5 years), Insmed Incorporated (INSM) is the lower-risk stock at 0.
54β versus Ionis Pharmaceuticals, Inc. 's 0. 55β — meaning IONS is approximately 1% more volatile than INSM relative to the S&P 500. On balance sheet safety, Insmed Incorporated (INSM) carries a lower debt/equity ratio of 104% versus 5% for Ionis Pharmaceuticals, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — INSM or IONS?
By revenue growth (latest reported year), Insmed Incorporated (INSM) is pulling ahead at 66.
7% versus 33. 9% for Ionis Pharmaceuticals, Inc. (IONS). On earnings-per-share growth, the picture is similar: Ionis Pharmaceuticals, Inc. grew EPS 21. 7% year-over-year, compared to -15. 1% for Insmed Incorporated. Over a 3-year CAGR, INSM leads at 35. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — INSM or IONS?
Ionis Pharmaceuticals, Inc.
(IONS) is the more profitable company, earning -40. 4% net margin versus -210. 5% for Insmed Incorporated — meaning it keeps -40. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IONS leads at -40. 5% versus -194. 0% for INSM. At the gross margin level — before operating expenses — IONS leads at 98. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — INSM or IONS?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is INSM or IONS better for a retirement portfolio?
For long-horizon retirement investors, Insmed Incorporated (INSM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
54), +793. 5% 10Y return). Both have compounded well over 10 years (INSM: +793. 5%, IONS: +121. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between INSM and IONS?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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