InMode (INMD) Operating Margin (2018 - 2026)
InMode (INMD) posted Operating Margin of 12.26% for Q1 2026, down 51.01% sequentially from 25.03% in Q4 2025, and down 779.0% YoY from 1.81% in Q1 2025.
InMode (INMD) Operating Margin (2018 - 2026) Analysis & Trends
InMode has reported Operating Margin for 9 years, with the latest figure at 12.26% in Q1 2026.
- Quarterly Operating Margin fell 779.0% year-over-year to 12.26% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.31% (down 674.0% YoY) and the FY2025 annual result came in at 23.05%, down 546.0% from the prior year.
- Operating Margin eased to 12.26% in Q1 2026 per INMD's latest filing, from 25.03% in the prior quarter.
- Over five years, Operating Margin peaked at 46.67% in Q2 2023 and troughed at 12.26% in Q1 2026.
- A 5-year average of 32.33% and a median of 37.06% in 2024 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2023 and 2024: Operating Margin surged 334 bps in 2023, then sank 2549 bps in 2024.
- Over 5 years, Operating Margin stood at 44.84% in 2022, then declined by 10 bps to 40.42% in 2023, then dropped by 30 bps to 28.48% in 2024, then slipped by 12 bps to 25.03% in 2025, then slumped by 51 bps to 12.26% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 12.26%, 25.03%, and 22.43% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.61 Bn | 194.01 Bn | 7.27 Bn | 13.44% |
| 2 | Stryker | 127.81 Bn | 124.34 Bn | 4.50 Bn | 25.18% |
| 3 | Medtronic | 119.04 Bn | 109.82 Bn | 6.41 Bn | 19.10% |
| 4 | Boston Scientific | 73.68 Bn | 73.14 Bn | 3.85 Bn | 21.65% |
| 5 | Edwards Lifesciences | 51.96 Bn | 47.71 Bn | 1.35 Bn | 29.48% |
| 6 | Dexcom | 34.36 Bn | 32.41 Bn | 830.00 Mn | 24.33% |
| 7 | GE HealthCare Technologies | 33.83 Bn | 31.72 Bn | 2.18 Bn | 13.96% |
| 8 | Koninklijke Philips | 26.36 Bn | 23.04 Bn | 4.55 Bn | 10.30% |
| 9 | Steris | 23.06 Bn | 22.58 Bn | 684.20 Mn | 19.15% |
| 10 | InMode | 911.60 Mn | 496.43 Mn | 71.52 Mn | 12.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.26% |
| Dec 31, 2025 | 25.03% |
| Sep 30, 2025 | 22.43% |
| Jun 30, 2025 | 23.93% |
| Mar 31, 2025 | 20.06% |
| Dec 31, 2024 | 28.48% |
| Sep 30, 2024 | 37.06% |
| Jun 30, 2024 | 21.18% |
| Mar 31, 2024 | 22.54% |
| Dec 31, 2023 | 40.42% |
| Sep 30, 2023 | 37.70% |
| Jun 30, 2023 | 46.67% |
| Mar 31, 2023 | 38.65% |
| Dec 31, 2022 | 44.84% |
| Sep 30, 2022 | 44.33% |
| Jun 30, 2022 | 43.33% |
| Mar 31, 2022 | 40.74% |
| Dec 31, 2021 | 48.99% |
| Sep 30, 2021 | 47.80% |
| Jun 30, 2021 | 47.56% |