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Intuitive Surgical ISRG Operating margin

Operating margin at other companies

Johnson & Johnson logo
Johnson & JohnsonJNJ
26.4%+2.8pp
Stryker logo
StrykerSYK
19.7%+4.4pp
Medtronic logo
MedtronicMDT
17.8%0.0pp
Boston Scientific logo
Boston ScientificBSX
18.4%+2.2pp
STERIS logo
STERISSTE
18.6%+2.7pp
Fortive logo
FortiveFTV
17.6%-0.3pp

Other financials

Income statement

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Revenue$2.8B+23.0%
Gross profit$1.8B+25.6%
Operating income$855.3M+47.9%
Net income$821.5M+17.6%
EPS (diluted)$2.28+18.8%

Balance sheet

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Cash & equivalents$2.1B-21.6%
Total equity$17.5B+2.2%
Total assets$20.1B+4.6%

Cash flow

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Operating cash flow$911.9M+56.8%
CapEx$103.3M-11.4%
Free cash flow$808.6M+73.9%

Valuation

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Market cap$142.44B-7.7%
P/E47.8×-14.5×
P/S13.5×-4.3×

Profitability

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Gross margin66.3%-0.8pp
Net margin28.2%-0.3pp

Returns & leverage

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Return on equity17.2%+1.3pp
Debt / equity0.0×
Current ratio4.6×-0.4×

Where this comes from

Calculated from Intuitive Surgical’s reported figures.

Based on trailing twelve months.

The official record: Intuitive Surgical’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Intuitive Surgical's operating margin?
Intuitive Surgical (ISRG) reported operating margin of 30.5% in Q1 2026.
How has Intuitive Surgical's operating margin changed year-over-year?
Intuitive Surgical's operating margin increased by 8.0% year-over-year, from 28.2% to 30.5%.
What is the long-term trend for Intuitive Surgical's operating margin?
Over 4 years (2021 to 2025), Intuitive Surgical's operating margin has grown at a -1.3% compound annual growth rate (CAGR), from 121.7% to 115.6%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.