Intuitive Surgical (ISRG) Net Margin (2009 - 2026)
Intuitive Surgical's quarterly Net Margin came in at 29.81% in Q1 2026, down 142.0% year-on-year from 70.98% in Q1 2025, and up 6.87% quarter-over-quarter from 27.89% in Q4 2025.
Intuitive Surgical has reported Net Margin for 18 years, with the latest figure at 29.81% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 142.0% year-over-year to 29.81%; the trailing twelve-month figure through Mar 2026 stood at 28.34% (down 28.0% YoY), and the FY2025 full-year result was 28.58%, up 59.0% from the prior year.
- Net Margin for Q1 2026 stood at 29.81%, up from 27.89% in the prior quarter.
- The five-year high for Net Margin was 31.67% in Q4 2023, with the low at 20.34% in Q4 2022.
- Average Net Margin over 5 years is 26.13%, with a median of 27.22% recorded in 2025.
- Year-over-year, Net Margin tumbled 1225 bps in 2022 and soared 1133 bps in 2023.
- Tracing ISRG's Net Margin over 5 years: stood at 20.34% in 2022, then soared by 56 bps to 31.67% in 2023, then dropped by 10 bps to 28.51% in 2024, then fell by 2 bps to 27.89% in 2025, then increased by 7 bps to 29.81% in 2026.
- The last three Net Margin figures came in at 29.81% (Q1 2026), 27.89% (Q4 2025), and 28.31% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 29.81% |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | -5.81% |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 27.86% |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 16.03% |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 0.65% |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 12.77% |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 10.84% |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 0.07% |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 7.40% |
| 10 | Repligen | 6.39 Bn | 5.41 Bn | 108.28 Mn | 4.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 29.81% |
| Dec 31, 2025 | 27.89% |
| Sep 30, 2025 | 28.31% |
| Jun 30, 2025 | 27.22% |
| Mar 31, 2025 | 31.23% |
| Dec 31, 2024 | 28.51% |
| Sep 30, 2024 | 28.00% |
| Jun 30, 2024 | 26.44% |
| Mar 31, 2024 | 28.95% |
| Dec 31, 2023 | 31.67% |
| Sep 30, 2023 | 24.08% |
| Jun 30, 2023 | 24.26% |
| Mar 31, 2023 | 21.27% |
| Dec 31, 2022 | 20.34% |
| Sep 30, 2022 | 20.85% |
| Jun 30, 2022 | 20.60% |
| Mar 31, 2022 | 24.83% |
| Dec 31, 2021 | 24.68% |
| Sep 30, 2021 | 24.13% |
| Jun 30, 2021 | 32.86% |
| Mar 31, 2021 | 30.84% |
| Dec 31, 2020 | 25.28% |
| Sep 30, 2020 | 26.71% |
| Jun 30, 2020 | 5.20% |
| Mar 31, 2020 | 26.59% |
| Dec 31, 2019 | 26.75% |
| Sep 30, 2019 | 33.95% |
| Jun 30, 2019 | 27.49% |
| Mar 31, 2019 | 29.56% |
| Dec 31, 2018 | 27.00% |
| Sep 30, 2018 | 30.83% |
| Jun 30, 2018 | 27.05% |
| Mar 31, 2018 | 32.80% |
| Dec 31, 2017 | -3.71% |
| Sep 30, 2017 | 36.72% |
| Jun 30, 2017 | 29.39% |
| Mar 31, 2017 | 26.60% |
| Dec 31, 2016 | 27.27% |
| Sep 30, 2016 | 30.90% |
| Jun 30, 2016 | 27.53% |
| Mar 31, 2016 | 22.94% |
| Dec 31, 2015 | 28.09% |
| Sep 30, 2015 | 27.86% |
| Jun 30, 2015 | 22.95% |
| Mar 31, 2015 | 18.23% |
| Dec 31, 2014 | 24.28% |
| Sep 30, 2014 | 22.49% |
| Jun 30, 2014 | 20.30% |
| Mar 31, 2014 | 9.53% |
| Dec 31, 2013 | 28.84% |
| Sep 30, 2013 | 31.42% |
| Jun 30, 2013 | 27.50% |
| Mar 31, 2013 | 30.90% |
| Dec 31, 2012 | 28.71% |
| Sep 30, 2012 | 34.08% |
| Jun 30, 2012 | 28.87% |
| Mar 31, 2012 | 28.98% |
| Dec 31, 2011 | 30.43% |
| Sep 30, 2011 | 27.40% |
| Jun 30, 2011 | 27.58% |
| Mar 31, 2011 | 26.82% |
| Dec 31, 2010 | -3.19% |
| Sep 30, 2010 | 25.15% |
| Jun 30, 2010 | 25.29% |
| Mar 31, 2010 | 25.96% |
| Dec 31, 2009 | -11.12% |
| Sep 30, 2009 | 147.14% |
| Jun 30, 2009 | 23.94% |