stockrowIntuitive 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.
- Revenue
- +21.7%
- EPS
- −24.2%
- Free cash flow
- +51.0%
Quarter to September 2026, against a year earlier
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Intuitive Surgical, Inc. (ISRG) Gross margin
Intuitive Surgical, Inc.'s gross margin over the twelve months to 30 September 2026 was 67.2%, up 1.2 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 53.6% and above the Healthcare sector median of 53.9%.
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) |
|---|---|---|
| Sep 2026 | 68.4% | 0.59 |
| Jun 2026 | 67.8% | 1.72 |
| Mar 2026 | 66.1% | (0.38) |
| Dec 2025 | 66.4% | 0.08 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ISRG Intuitive Surgical, Inc. | 67.2% |
| COO The Cooper Companies, Inc. compare | 65.9% |
| RMD ResMed Inc. compare | 61.1% |
| ALC Alcon compare | 56.9% |
| BDX Becton, Dickinson and Company compare | 50.3% |
| MDLN Medline Inc. compare | 44.9% |
| WST West Pharmaceutical Services, Inc. compare | 37.6% |
| BAX Baxter International Inc. compare | 30.1% |
| SOLV Solventum Corporation compare | 0.00% |
| Medical Instruments & Supplies industry median | 53.6% |
| Healthcare sector median | 53.9% |
| Market median | 45.1% |
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
More on ISRG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement