InMode (INMD) Operating Margin (2018 - 2026)

InMode's (INMD) quarterly Operating Margin came in at 12.26% in Q1 2026, down 779.0% year-on-year from 1.81% in Q1 2025, and down 51.01% quarter-over-quarter from 25.03% in Q4 2025.

InMode (INMD) Operating Margin (2018 - 2026) Analysis & Trends

InMode has disclosed Operating Margin across 9 years of filings, most recently posting 12.26% for Q1 2026.

  • Operating Margin for Q1 2026 came in at 12.26%, down 779.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.31% (down 674.0% YoY), and the FY2025 annual result was 23.05%, down 546.0% from the prior year.
  • Operating Margin came in at 12.26% for Q1 2026 at InMode, down from 25.03% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 46.67% in Q2 2023 to a low of 12.26% in Q1 2026.
  • The 5-year median for Operating Margin is 37.06% (2024), against an average of 32.33%.
  • Across the five-year window, Operating Margin soared 334 bps in 2023 and sank 2549 bps in 2024, its largest moves.
  • InMode's Operating Margin stood at 44.84% in 2022, then slipped by 10 bps to 40.42% in 2023, then decreased by 30 bps to 28.48% in 2024, then retreated by 12 bps to 25.03% in 2025, then slumped by 51 bps to 12.26% in 2026.
  • The last three Operating Margin figures came in at 12.26% (Q1 2026), 25.03% (Q4 2025), and 22.43% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Abbott Laboratories 154.42 Bn 147.76 Bn 6.27 Bn 12.05%
2 Stryker 118.12 Bn 115.25 Bn 3.81 Bn 15.55%
3 Medtronic 101.72 Bn 93.55 Bn 5.76 Bn 16.24%
4 Boston Scientific 67.19 Bn 65.98 Bn 3.61 Bn 21.16%
5 Edwards Lifesciences 50.69 Bn 47.02 Bn 1.29 Bn 28.97%
6 Koninklijke Philips 29.38 Bn 26.07 Bn 2.07 Bn 6.17%
7 Dexcom 28.09 Bn 26.97 Bn 750.30 Mn 21.42%
8 GE HealthCare Technologies 28.08 Bn 26.02 Bn 1.98 Bn 10.04%
9 Steris 19.80 Bn 19.37 Bn 697.10 Mn 19.94%
10 InMode 3.35 -388.37 Mn 61.55 Mn 12.26%

Historic Data

Download Data
DateValue
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%