TCMD vs. INSP

Last updated Jun 4, 2026

TCMD (Tactile Systems Technology, Inc.) and INSP (Inspire Medical Systems, Inc.) are both stocks. Both operate in the Medical Devices industry within the Healthcare sector. Over the past 5 years, TCMD returned -13.39%/yr vs -24.51%/yr for INSP. At a 0.36 correlation, their price movements are largely independent.

Performance

TCMD vs. INSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tactile Systems Technology, Inc. (TCMD) and Inspire Medical Systems, Inc. (INSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCMD achieves a -15.97% return, which is significantly higher than INSP's -56.15% return.

TCMD

• 1D: -0.16%
• 1M: 8.65%
• YTD: -15.97%
• 6M: -7.55%
• 1Y: 137.06%
• 3Y*: 1.64%
• 5Y*: -13.39%
• 10Y*: —

INSP

• 1D: -0.34%
• 1M: -26.26%
• YTD: -56.15%
• 6M: -69.99%
• 1Y: -70.77%
• 3Y*: -49.27%
• 5Y*: -24.51%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TCMD vs. INSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TCMD Tactile Systems Technology, Inc.	-15.97%	69.29%	19.79%	24.56%	-39.67%	-57.65%	-33.43%	48.21%	28.45%
INSP Inspire Medical Systems, Inc.	-56.15%	-50.25%	-8.87%	-19.24%	9.48%	22.31%	153.46%	75.64%	69.14%

Correlation

The correlation between TCMD and INSP is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since May 4, 2018	0.36

Fundamentals

Market Cap TCMD : $549.81M INSP : $1.16B
EPS TCMD : $0.89 INSP : $4.48
PE Ratio TCMD : 27.42 INSP : 9.02
PEG Ratio TCMD : 0.69 INSP : 0.05
PS Ratio TCMD : 1.62 INSP : 1.29
PB Ratio TCMD : 2.52 INSP : 1.46
Total Revenue (TTM) TCMD : $343.52M INSP : $915.25M
Gross Profit (TTM) TCMD : $254.06M INSP : $785.06M
EBITDA (TTM) TCMD : $38.53M INSP : $67.14M

Return for Risk

TCMD vs. INSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TCMD

TCMD Risk / Return Rank: 90
TCMD Sharpe Ratio Rank: 89
TCMD Sortino Ratio Rank: 94
TCMD Omega Ratio Rank: 92
TCMD Calmar Ratio Rank: 89
TCMD Martin Ratio Rank: 88

INSP

INSP Risk / Return Rank: 4
INSP Sharpe Ratio Rank: 6
INSP Sortino Ratio Rank: 4
INSP Omega Ratio Rank: 4
INSP Calmar Ratio Rank: 2
INSP Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TCMD vs. INSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tactile Systems Technology, Inc. (TCMD) and Inspire Medical Systems, Inc. (INSP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TCMD	INSP	Difference
Sharpe ratio Return per unit of total volatility	2.10	-0.95	+3.05
Sortino ratio Return per unit of downside risk	3.86	-1.65	+5.51
Omega ratio Gain probability vs. loss probability	1.48	0.77	+0.71
Calmar ratio Return relative to maximum drawdown	4.29	-0.98	+5.27
Martin ratio Return relative to average drawdown	10.84	-1.58	+12.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCMD vs. INSP - Sharpe Ratio Comparison

The current TCMD Sharpe Ratio is 2.10, which is higher than the INSP Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of TCMD and INSP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TCMD	INSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	-0.95	+3.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.22	-0.41	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.10	+0.05

Drawdowns

TCMD vs. INSP - Drawdown Comparison

The maximum TCMD drawdown since its inception was -91.41%, roughly equal to the maximum INSP drawdown of -87.72%. Use the drawdown chart below to compare losses from any high point for TCMD and INSP.

Drawdown Indicators

	TCMD	INSP	Difference
Max Drawdown Largest peak-to-trough decline	-91.41%	-87.72%	-3.69%
Max Drawdown (1Y) Largest decline over 1 year	-32.13%	-72.19%	+40.06%
Max Drawdown (3Y) Largest decline over 3 years	-63.25%	-87.72%	+24.47%
Max Drawdown (5Y) Largest decline over 5 years	-88.51%	-87.72%	-0.79%
Current Drawdown Current decline from peak	-68.06%	-87.60%	+19.54%
Average Drawdown Average peak-to-trough decline	-49.35%	-27.58%	-21.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.69%	44.74%	-32.05%

Volatility

TCMD vs. INSP - Volatility Comparison

The current volatility for Tactile Systems Technology, Inc. (TCMD) is 14.87%, while Inspire Medical Systems, Inc. (INSP) has a volatility of 18.19%. This indicates that TCMD experiences smaller price fluctuations and is considered to be less risky than INSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCMD	INSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.87%	18.19%	-3.32%
Volatility (6M) Calculated over the trailing 6-month period	35.65%	48.31%	-12.66%
Volatility (1Y) Calculated over the trailing 1-year period	65.76%	74.63%	-8.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.48%	60.37%	+0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.62%	60.61%	-3.99%

Dividends

TCMD vs. INSP - Dividend Comparison

Neither TCMD nor INSP has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

TCMD vs. INSP - Profitability Comparison

The chart below illustrates the profitability comparison between Tactile Systems Technology, Inc. and Inspire Medical Systems, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TCMD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tactile Systems Technology, Inc. reported a gross profit of 51.71M and revenue of 75.27M. Therefore, the gross margin over that period was 68.7%.

INSP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Inspire Medical Systems, Inc. reported a gross profit of 176.91M and revenue of 204.58M. Therefore, the gross margin over that period was 86.5%.

TCMD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tactile Systems Technology, Inc. reported an operating income of -1.53M and revenue of 75.27M, resulting in an operating margin of -2.0%.

INSP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Inspire Medical Systems, Inc. reported an operating income of -1.12M and revenue of 204.58M, resulting in an operating margin of -0.6%.

TCMD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tactile Systems Technology, Inc. reported a net income of -1.76M and revenue of 75.27M, resulting in a net margin of -2.3%.

INSP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Inspire Medical Systems, Inc. reported a net income of -11.29M and revenue of 204.58M, resulting in a net margin of -5.5%.

Frequently Asked Questions

Can I hold both TCMD and INSP in my portfolio?

TCMD and INSP have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TCMD or INSP?

INSP has higher volatility (18.19%) compared to TCMD (14.87%). In terms of maximum drawdown, TCMD dropped -91.41% vs INSP's -87.72%.

Which has better risk-adjusted returns?

TCMD currently has the higher Sharpe Ratio (2.10 vs -0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.