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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) Operating margin

Alert me on Operating margin

Intuitive Surgical, Inc.'s operating margin over the twelve months to 30 June 2026 was 31.3%, up 2.0 percentage points from fiscal 2025 (29.3%). Over the past ten years it has ranged from 24.1% (fiscal 2020) to 35.1% (fiscal 2016); the current reading is higher than 45% of that period. That is above the Medical Instruments & Supplies industry median of 1.07% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 29.3% 1.15
FY2024 28.1% 3.32
FY2023 24.8% (0.55)
FY2022 25.4% (6.54)
FY2021 31.9% 7.80
FY2020 24.1% (6.60)
FY2019 30.7% (1.52)
FY2018 32.2% (1.66)
FY2017 33.9% (1.22)
FY2016 35.1% 4.05

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 33.6% 2.73
Mar 2026 30.9% 0.72
Dec 2025 30.2% (0.18)
Sep 2025 30.3% (0.14)
42 more quarters

Against its own ten years

Low 24.1% High 35.1%
Ten-year median 30.7%
Current reading's percentile 67

Operating margin against peers

Company Operating margin
RMD ResMed Inc. compare 33.4%
ISRG Intuitive Surgical, Inc. 31.3%
MDLN Medline Inc. compare 31.1%
SOLV Solventum Corporation compare 25.0%
WST West Pharmaceutical Services, Inc. compare 20.5%
BDX Becton, Dickinson and Company compare 10.3%
ALC Alcon compare 8.73%
RGEN Repligen Corporation compare 8.23%
BAX Baxter International Inc. compare −2.39%
Medical Instruments & Supplies industry median 1.07%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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