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| 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% |