InMode (INMD) Operating Margin (2018 - 2026)
InMode's Operating Margin came in at 12.82% for the quarter ended Jun 30, 2026, down 11.11 percentage points from 23.93% a year earlier but up 0.56 percentage points from the prior quarter.
InMode (INMD) Operating Margin (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, InMode reported Operating Margin of 18.47%, down 10.07 percentage points year-over-year; for the year ended Dec 31, 2025, it was 23.05%, down 5.46 percentage points from the prior year.
- Operating Margin has declined in each of the last four years, with a five-year change of -12.29 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, Operating Margin was 28.50% in the year ended Dec 31, 2024 (-11.26 pp), 39.76% in the year ended Dec 31, 2023 (-3.79 pp), 43.55% in the year ended Dec 31, 2022 (-3.28 pp) and 46.84% in the year ended Dec 31, 2021 (+11.50 pp).
- The five-year range for quarterly Operating Margin is 12.26% (the quarter ended Mar 31, 2026) to 48.99% (the quarter ended Dec 31, 2021).
- Year-over-year, Operating Margin has declined for four consecutive quarters, with an average year-over-year change of -6.16 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in the quarter ended Sep 30, 2021 (a gain of 8.79 percentage points), and the weakest in the quarter ended Jun 30, 2024 (a drop of 20.71 percentage points).
- Business Quant data shows INMD's Operating Margin at 12.26% (quarter ended Mar 31, 2026), 25.03% (quarter ended Dec 31, 2025) and 22.43% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 17.40% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 13.44% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 17.99% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 33.60% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 18.08% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 25.18% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 21.65% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 29.48% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 13.31% |
| 10 | InMode | 900.96 Mn | -725.66 Mn | 71.52 Mn | 12.82% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.82% |
| 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 | 41.89% |
| 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% |
InMode Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=INMD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "INMD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=INMD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();