Intuitive Surgical (ISRG) FCF Margin (2009 - 2026)

Intuitive Surgical (ISRG) recorded quarterly FCF Margin of 29.18% in Q1 2026, up 14.58% quarter-over-quarter from 25.47% in Q4 2025, and up 855.0% on a YoY basis from 3.06% in Q1 2025.

Intuitive Surgical (ISRG) FCF Margin (2009 - 2026) Analysis & Trends

Intuitive Surgical's FCF Margin history runs 18 years deep, the most recent figure standing at 29.18% for Q1 2026.

  • In Q1 2026, FCF Margin rose 855.0% year-over-year to 29.18%; the TTM figure through Mar 2026 stood at 26.78% (up 676.0% YoY), while the FY2025 annual figure was 24.75%, up 914.0% from the prior year.
  • FCF Margin was 29.18% for Q1 2026 at Intuitive Surgical, up from 25.47% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 29.36% in Q3 2025 to a low of 10.75% in Q4 2023.
  • Historically, FCF Margin has averaged 17.26% across 5 years, with a median of 20.64% in 2025.
  • The sharpest annual moves came in 2023 and 2024: FCF Margin plunged 2879 bps in 2023, then jumped 3190 bps in 2024.
  • A 5-year view of FCF Margin shows it stood at 18.05% in 2022, then slumped by 160 bps to 10.75% in 2023, then soared by 297 bps to 21.16% in 2024, then gained by 20 bps to 25.47% in 2025, then rose by 15 bps to 29.18% in 2026.
  • The last three FCF Margin figures came in at 29.18% (Q1 2026), 25.47% (Q4 2025), and 29.36% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 29.18%
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 11.58%
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 4.30%
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 36.36%
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 7.55%
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn -13.60%
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn 8.91%
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 11.56%
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 2.81%
10 Aptargroup 7.72 Bn 7.52 Bn 351.91 Mn 5.42%

Historic Data

Download Data
DateValue
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%
Sep 30, 2021 30.86%
Jun 30, 2021 31.90%