GKOS vs PODD: Glaukos and Insulet compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Glaukos is the larger company, worth $9.9B, close to Insulet's $9.7B.
- Glaukos grew revenue faster over the last year (+49.5% vs +23.5%).
- Insulet keeps more of each dollar of revenue as operating profit (16.9% vs -31.6%).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | GKOS | PODD |
|---|---|---|
| Market cap | $9.9B | $9.7B |
| Share price | $165.69 | $135.28 |
| Revenue (last fiscal year) | $507M | $2.7B |
| Free cash flow (last fiscal year) | -$22M | $358M |
| Revenue growth, last year | +49.5% | +23.5% |
| Revenue growth per year, last 5 fiscal years | +14.6% | +27.0% |
| Operating margin | -31.6% | 16.9% |
| Net margin | -30.7% | 12.3% |
| Return on equity | -27.6% | 26.4% |
| P/E (trailing) | — | 32.8x |
| Price / free cash flow | — | 25.8x |
| EV / EBITDA | — | 14.9x |
| FCF growth the price implies | — | 9.0% |
| Dividend yield | — | — |
| Debt / equity | 0.35x | 1.23x |
| Fundamental grade | D | B |
| Superinvestors holding it | 4 | 5 |
| Insider purchases, last 12 months | 0 | 3 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Glaukos
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $294M | -$23M | -11.2% |
| 2022 | $283M | -$63M | -29.1% |
| 2023 | $315M | -$78M | -40.9% |
| 2024 | $383M | -$68M | -31.9% |
| 2025 | $507M | -$22M | -39.3% |
Insulet
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.0B | -$191M | 12.1% |
| 2022 | $1.1B | -$17M | 3.6% |
| 2023 | $1.7B | $62M | 13.0% |
| 2024 | $2.1B | $296M | 14.9% |
| 2025 | $2.7B | $358M | 17.5% |
Where the revenue comes from
Glaukos · by products, 2025
Glaucoma$421M83%
Corneal Health$86M17%
Insulet · by products, 2025
U.S.$1.9B71%
International$754M28%
Drug Delivery$34M1%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open GKOS in InvestinglyQuestions
Which is bigger, Glaukos or Insulet?
Glaukos (GKOS), at $9.9B against $9.7B.
Which grows faster, GKOS or PODD?
Glaukos: revenue grew +49.5% over the last year, against +23.5%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.