Intuitive Surgical ISRG Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 66.3%-0.8pp | 66%-1.5pp | 66.4%-0.6pp | 66.6%-0.2pp | 67.1%+0.7pp | |
| Operating margin | 30.5%+2.3pp | 29.3%+1.1pp | 29.3%+3.1pp | 28.8%+3.0pp | 28.2%+2.9pp | |
| Net margin | 28.2%-0.3pp | 28.4%+0.6pp | 28.6%+0.1pp | 28.5%+0.9pp | 28.4%+1.3pp | |
| Returns | ||||||
| Return on equity | 17.2%+1.3pp | 16.7%+1.1pp | 16.9%+0.9pp | 16%+0.3pp | 15.9%+0.2pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Liquidity | ||||||
| Current ratio | 4.6×-0.4× | 4.9×+0.8× | 4.7×+0.4× | 5.2×0.0× | 5×-0.6× | |
| Per Share | ||||||
| Book value per share | $48.57+3.5% | $49.14+8.3% | $46.79+8.9% | $49.01+20.3% | $46.92+21.1% | |
| Valuation | ||||||
| Market capitalization | $163.73B-7.7% | $200.77B+8.0% | $160.32B-8.2% | $187.48B+18.8% | $177.44B+25.4% | |
| Price / earnings | 55×-16.7× | 70.3×-9.7× | 58.4×-19.5× | 71.9×-3.5× | 71.7×+0.5× | |
| Price / sales | 15.5×-4.9× | 19.9×-2.3× | 16.7×-5.5× | 20.5×-0.3× | 20.4×+1.0× | |
| Price / book | 9.4×-1.0× | 11.3×0.0× | 9.5×-1.7× | 10.5×-0.2× | 10.4×+0.2× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Intuitive Surgical's profit margins?
- Intuitive Surgical (ISRG) runs a 66.3% gross margin and a 30.5% operating margin, with a 28.2% net margin.
- Where do Intuitive Surgical's ratios come from?
- Every ratio is computed from Intuitive Surgical's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
