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) Operating margin
Intuitive Surgical, Inc.'s operating margin over the twelve months to 30 September 2026 was 28.4%, down 0.9 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 1.97% 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) |
|---|---|---|
| Sep 2026 | 19.4% | (14.16) |
| Jun 2026 | 33.6% | 2.73 |
| Mar 2026 | 30.9% | 0.72 |
| Dec 2025 | 30.2% | (0.18) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| RMD ResMed Inc. compare | 33.0% |
| MDLN Medline Inc. compare | 29.7% |
| ISRG Intuitive Surgical, Inc. | 28.4% |
| WST West Pharmaceutical Services, Inc. compare | 23.0% |
| COO The Cooper Companies, Inc. compare | 12.8% |
| BDX Becton, Dickinson and Company compare | 11.1% |
| ALC Alcon compare | 8.73% |
| SOLV Solventum Corporation compare | 0.00% |
| BAX Baxter International Inc. compare | −1.90% |
| Medical Instruments & Supplies industry median | 1.97% |
| 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
More on ISRG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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