Intuitive Surgical (ISRG) FCF Margin (2009 - 2026)
Intuitive Surgical (ISRG) reported FCF Margin of 36.44% for Q3 2026, up 7.08 percentage points from 29.36% a year earlier and up 3.65 percentage points from the prior quarter.
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Analysis
Intuitive Surgical (ISRG) FCF Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Intuitive Surgical's FCF Margin came in at 31.08%, up 7.45 percentage points year-over-year; for FY2025, it came in at 24.75%, up 9.14 percentage points from FY2024.
- FCF Margin has a five-year change of -1.49 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 15.61% in FY2024 (+5.09 pp), 10.52% in FY2023 (-4.88 pp), 15.40% in FY2022 (-15.24 pp) and 30.65% in FY2021 (+4.41 pp).
- The Q3 2026 figure ranks as the highest quarterly FCF Margin since Q4 2020.
- Year over year, FCF Margin has now increased in each of the last nine quarters, with an average year-over-year change of +11.93 percentage points over the last eight quarters.
- The high point for year-over-year FCF Margin in five years was Q4 2024 (a gain of 31.90 percentage points); the low point was Q4 2023 (a drop of 28.79 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 32.79% (Q2 2026), 29.18% (Q1 2026) and 25.47% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 17.41% |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 9.41% |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 24.89% |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 36.44% |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 13.22% |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 18.77% |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 16.89% |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 29.54% |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 11.25% |
| 10 | Agilent Technologies | 50.15 Bn | 43.04 Bn | 1.04 Bn | 23.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 36.44% |
| Jun 30, 2026 | 32.79% |
| Mar 31, 2026 | 29.18% |
| Dec 31, 2025 | 25.47% |
| Sep 30, 2025 | 29.36% |
| Jun 30, 2025 | 22.95% |
| Mar 31, 2025 | 20.64% |
| Dec 31, 2024 | 21.16% |
| Sep 30, 2024 | 22.50% |
| Jun 30, 2024 | 15.48% |
| Mar 31, 2024 | 1.24% |
| Dec 31, 2023 | -10.75% |
| Sep 30, 2023 | 16.75% |
| Jun 30, 2023 | 27.76% |
| Mar 31, 2023 | 10.45% |
| Dec 31, 2022 | 18.05% |
| Sep 30, 2022 | 13.75% |
| Jun 30, 2022 | 20.77% |
| Mar 31, 2022 | 8.70% |
| Dec 31, 2021 | 27.78% |
API Access
Intuitive Surgical FCF 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=fcf-margin&ticker=ISRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=ISRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();