Intuitive Surgical (ISRG) EBITDA Margin (2009 - 2026)
Intuitive Surgical (ISRG) recorded EBITDA Margin of 25.90% in Q3 2026, down 11.19 percentage points from 37.10% a year earlier and down 15.18 percentage points from the prior quarter.
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Analysis
Intuitive Surgical (ISRG) EBITDA Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Intuitive Surgical's EBITDA Margin came in at 35.33% as of Sep 30, 2026, down 0.89 percentage points year-over-year; for FY2025, it came in at 35.99%, up 1.44 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of +5.18 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 34.56% in FY2024 (+2.91 pp), 31.65% in FY2023 (-0.01 pp), 31.65% in FY2022 (-6.06 pp) and 37.71% in FY2021 (+6.89 pp).
- The Q3 2026 figure is the lowest quarterly EBITDA Margin since Q2 2020.
- On a year-over-year basis, EBITDA Margin rose in six of the last eight quarters, with an average year-over-year change of +1.28 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 5.63 percentage points in Q4 2024, against a drop of 11.19 percentage points in Q3 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 41.08% (Q2 2026), 38.09% (Q1 2026) and 36.91% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 265.71 Bn | 242.23 Bn | 5.13 Bn | 25.44% |
| 2 | Abbott Laboratories | 189.37 Bn | 163.23 Bn | 7.39 Bn | 20.09% |
| 3 | Danaher | 164.78 Bn | 144.43 Bn | 3.84 Bn | 30.00% |
| 4 | Intuitive Surgical | 157.85 Bn | 138.13 Bn | 2.08 Bn | 25.90% |
| 5 | Medtronic | 129.66 Bn | 94.91 Bn | 6.34 Bn | 25.55% |
| 6 | Stryker | 121.82 Bn | 108.01 Bn | 4.25 Bn | 20.38% |
| 7 | Boston Scientific | 63.42 Bn | 58.86 Bn | 3.43 Bn | 23.14% |
| 8 | Edwards Lifesciences | 59.49 Bn | 42.69 Bn | 1.35 Bn | 20.05% |
| 9 | Becton Dickinson | 58.38 Bn | 55.53 Bn | 2.32 Bn | 24.62% |
| 10 | Agilent Technologies | 50.16 Bn | 43.05 Bn | 1.04 Bn | 27.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.90% |
| Jun 30, 2026 | 41.08% |
| Mar 31, 2026 | 38.09% |
| Dec 31, 2025 | 36.91% |
| Sep 30, 2025 | 37.10% |
| Jun 30, 2025 | 37.20% |
| Mar 31, 2025 | 32.68% |
| Dec 31, 2024 | 37.62% |
| Sep 30, 2024 | 34.49% |
| Jun 30, 2024 | 34.24% |
| Mar 31, 2024 | 31.06% |
| Dec 31, 2023 | 31.99% |
| Sep 30, 2023 | 33.38% |
| Jun 30, 2023 | 32.35% |
| Mar 31, 2023 | 28.75% |
| Dec 31, 2022 | 29.28% |
| Sep 30, 2022 | 31.84% |
| Jun 30, 2022 | 32.23% |
| Mar 31, 2022 | 33.51% |
| Dec 31, 2021 | 34.68% |
API Access
Intuitive Surgical EBITDA 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=ebitda-margin&ticker=ISRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "ISRG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=ISRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();