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

Intuitive Surgical, Inc. (ISRG) Net margin

Alert me on Net margin

Intuitive Surgical, Inc.'s net margin over the twelve months to 30 June 2026 was 28.5%, up 0.1 percentage points from fiscal 2025 (28.4%). Over the past ten years it has ranged from 21.3% (fiscal 2022) to 30.8% (fiscal 2019); the current reading is higher than 73% of that period. That is above the Medical Instruments & Supplies industry median of −1.61% and above the Healthcare sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 28.4% 0.57
FY2024 27.8% 2.57
FY2023 25.2% 3.99
FY2022 21.3% (8.60)
FY2021 29.9% 5.52
FY2020 24.3% (6.47)
FY2019 30.8% 0.51
FY2018 30.3% 8.91
FY2017 21.4% (5.90)
FY2016 27.3% 2.59

Quarterly newest first

Period Net margin Change (points)
Jun 2026 28.3% (1.36)
Mar 2026 29.7% 1.92
Dec 2025 27.7% (0.39)
Sep 2025 28.1% 1.14
42 more quarters

Against its own ten years

Low 21.3% High 30.8%
Ten-year median 27.3%
Current reading's percentile 67

Net margin against peers

Company Net margin
ISRG Intuitive Surgical, Inc. 28.5%
RMD ResMed Inc. compare 26.9%
SOLV Solventum Corporation compare 17.3%
WST West Pharmaceutical Services, Inc. compare 17.0%
ALC Alcon compare 5.92%
RGEN Repligen Corporation compare 5.29%
BDX Becton, Dickinson and Company compare 4.20%
MDLN Medline Inc. compare 2.37%
BAX Baxter International Inc. compare −9.27%
Medical Instruments & Supplies industry median −1.61%
Healthcare sector median 0.00%
Market median 0.45%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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