InMode Ltd. designs, develops, manufactures, and markets minimally invasive aesthetic medical products based on its proprietary radio frequency assisted lipolysis and deep subdermal fractional radiofrequency technologies in the United States, Europe, Asia, and internationally. It offers minimally invasive aesthetic medical products for various procedures, such as liposuction with simultaneous skin tightening, body and face contouring, and ablative skin rejuvenation treatments, …
Full INMD analysis →
Competitive advantage assessment
Key strengths
Elite Gross MarginsGross margin quality is top-tier vs peers (score 0.83). This signals strong consumable attach-rate economics.
Superior Capital ReturnsCapital return quality is top-tier (score 0.85). High ROIC indicates the business is reinvesting at attractive rates.
Key risks
Declining FCF MarginFCF trend score is negative (score 0.16). Declining FCF margin warrants scrutiny of capital allocation discipline.
Operating Margin CompressionOperating margin trend is negative (score 0.22). Sustained compression would reduce the commercial moat.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
Upgrade to unlock the signals and evidence behind each defense.
Premium access
Unlock full defense analysis
Get key signals, strengths, and risks for every moat dimension.
InMode Ltd. ranks #16 of 160
scored companies in Medical Devices by moat score — the top 10%.
The widest moat in the group is iRadimed Corporation (IRMD)
at 83/100.
Moat scores for companies ranked near INMD in Medical Devices
How INMD scores on the Medical Devices & Diagnostics defenses
Pricing Power & Consumable Moat
Score 75
· 25% of the moat score
In MedTech, pricing power is rarely about the machine — it is about what the machine consumes.
R&D Pipeline & Capital Returns
Score 79
· 20% of the moat score
Research spending is how a device company keeps its installed base current, but spending alone proves nothing.
FCF Quality & Cash Conversion
Score 60
· 20% of the moat score
MedTech companies grow by acquisition, and the resulting intangible amortisation depresses reported earnings without consuming any cash.
Commercial Execution
Score 68
· 15% of the moat score
Devices are sold into hospitals and labs through committees, tenders and long qualification cycles, which makes the sales organisation expensive and hard to replicate.
Capital Structure & Resilience
Score 92
· 12% of the moat score
Serial acquirers carry debt, and the question is whether the cash flows underneath it are dependable enough to service it through a downturn.
Growth Durability
Score 55
· 8% of the moat score
Growth durability separates an expanding installed base from a good product cycle.
InMode Ltd. (INMD) scores 72 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #16 of 160 scored companies in Medical Devices, the top 10%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 159 companies in Medical Devices. Its strongest defense is Capital Structure & Resilience (92/100) and its weakest is Growth Durability (55/100).
How does InMode Ltd. compare with other Medical Devices companies?
InMode Ltd. ranks #16 of 160 scored companies in Medical Devices by moat score. The widest moat in Medical Devices is iRadimed Corporation (IRMD) at 83/100. The companies ranked closest are Tactile Systems Technology, Inc (TCMD) at 73 just above it and Zimmer Biomet Holdings, Inc. (ZBH) at 72 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Medical Devices & Diagnostics in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 159 companies in Medical Devices. The defenses are then weighted to produce the overall score out of 100.
Why is InMode Ltd. scored with the Medical Devices & Diagnostics template?
Medical device and diagnostics companies place an instrument once and then sell the consumables, reagents and service that instrument needs for the next decade. The economics are a razor-and-blade model wrapped in regulatory approval and clinician habit, so the MedTech template scores the durability of that installed base rather than the size of any single product launch.
Which competitive defenses are measured for InMode Ltd.?
The Medical Devices & Diagnostics template measures 6 defenses, and INMD scores: Pricing Power & Consumable Moat (75), R&D Pipeline & Capital Returns (79), FCF Quality & Cash Conversion (60), Commercial Execution (68), Capital Structure & Resilience (92), Growth Durability (55). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
We value your privacy
We use cookies to enhance your browsing experience, analyze site traffic, and personalize content. By clicking 'Accept All', you consent to our use of cookies.
Read our cookie policy
Cookie Preferences
Manage your cookie preferences. Essential cookies are always enabled.