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Saturday 17 October 2026 Export ISRG’s income statement to Excel — free account

Intuitive Surgical, Inc.

ISRG Healthcare Medical Instruments & Supplies

Intuitive Surgical, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $10.1 billion, up 20.5% from fiscal 2024. In the quarter to June 2026, revenue grew 18.5%, EPS grew 25.5% and free cash flow grew 69.3%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for five consecutive years, operating cash flow growth for three.

426.70 1.16 −0.27%
Market cap
$151.2B
P/E
48.3×
Fwd P/E
46.4×
Dividend yield
—
F-score
7/9
Altman Z
50.09
Beneish M
−2.43
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Intuitive Surgical, Inc. (ISRG) Gross margin

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Intuitive Surgical, Inc.'s gross margin over the twelve months to 30 June 2026 was 66.7%, up 0.7 percentage points from fiscal 2025 (66.0%). Over the past ten years it has ranged from 65.7% (fiscal 2020) to 70.2% (fiscal 2017); the current reading is higher than 18% of that period. That is above the Medical Instruments & Supplies industry median of 54.3% and above the Healthcare sector median of 53.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 66.0% (1.46)
FY2024 67.5% 1.07
FY2023 66.4% (1.05)
FY2022 67.4% (1.88)
FY2021 69.3% 3.67
FY2020 65.7% (3.80)
FY2019 69.5% (0.47)
FY2018 69.9% (0.25)
FY2017 70.2% 0.23
FY2016 69.9% 3.76

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 67.8% 1.72
Mar 2026 66.1% (0.38)
Dec 2025 66.4% 0.08
Sep 2025 66.4% 0.05
42 more quarters

Against its own ten years

Low 65.7% High 70.2%
Ten-year median 67.5%
Current reading's percentile 26

Gross margin against peers

Company Gross margin
ISRG Intuitive Surgical, Inc. 66.7%
RMD ResMed Inc. compare 61.1%
ALC Alcon compare 56.9%
SOLV Solventum Corporation compare 54.7%
RGEN Repligen Corporation compare 53.5%
BDX Becton, Dickinson and Company compare 46.7%
MDLN Medline Inc. compare 46.3%
WST West Pharmaceutical Services, Inc. compare 36.8%
BAX Baxter International Inc. compare 30.1%
Medical Instruments & Supplies industry median 54.3%
Healthcare sector median 53.5%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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