KNSAKiniksa Pharmaceuticals International, plc

$78.72

Is the business good?

How good a business is KNSA?

Kiniksa Pharmaceuticals International, plc earns 54% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

54%

Return on invested capital · cost of capital 9.0% · 45 points above what the capital costs: growth creates value

Operating margin
12%

Operating margin · Drug Manufacturers - Specialty & Generic median 12% · 12 months to Q1 2026

Cash conversion
2.25×

Cash conversion · every dollar of reported profit arrived as cash, and more

Share count, year on year
+8.2%

Share count, year on year · shareholders own a smaller slice than a year ago

Operating margin by fiscal year
YearOperating margin
FY2021−406%
FY20224.4%
FY2023−9.3%
FY2024−11%
FY202511%
Details
Gross margin12 months to Q1 2026
89%
Operating margin12 months to Q1 2026
12%
Net margin12 months to Q1 2026
9.7%
Free cash flow margin
22%
R&D as % of revenue
14%
Revenue, trailing twelve months
$754M
Free cash flow, trailing twelve months
$164M
Net income, trailing twelve months
$73M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
54%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.