ISRG
Intuitive Surgical margins
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- Healthcare
- NASDAQ: ISRG
- Margins
Using the latest TTM figures, Intuitive Surgical shows a gross margin of 67.2%, an operating margin of 28.4%, an EBITDA margin of 38.4%, and a net margin of 25.5%. Gross margin led the available margin improvements with a 0.8 percentage-point increase, while net margin fell by 3.1 percentage points.
ISRG margin history
Over the last 3 years, Intuitive Surgical recorded average margins of 66.71% gross, 28% operating, 37.83% EBITDA, and 27.69% net. Intuitive Surgical's current performance shows that gross, operating, and EBITDA margins are above their three-year averages and net margin is below its three-year average.
ISRG margin expansion
The largest positive change was in gross margin, up 0.8 percentage points. The expansion was limited to gross margin, while operating margin contracted by 0.9 percentage points, EBITDA margin by 0.8 percentage points, and net margin by 3.1 percentage points.
ISRG Gross margin
Over the last 3 years, Intuitive Surgical's gross margin averaged 66.71%. The current gross margin of 67.2% is 0.5 percentage points above its three-year average. During this period, gross margin reached a high of 67.5% in Dec 2024 and a low of 66% in Dec 2025.
ISRG Operating margin
Across the last 3 years, Intuitive Surgical's operating margin averaged 28%. The current operating margin stands at 28.4%, 0.4 percentage points above its three-year average. Operating margin was highest at 31.3% in Jun 2026 and lowest at 24.8% in Dec 2023.
ISRG EBITDA margin
Over the last 3 years, Intuitive Surgical recorded an average EBITDA margin of 37.83%. Against its three-year average, Intuitive Surgical's EBITDA margin is currently 38.4%, 0.6 percentage points above its three-year average. The highest EBITDA margin for Intuitive Surgical was 41.5% in Jun 2026, while the lowest was 33.6% in Dec 2023.
ISRG Net margin
In the last 3 years, Intuitive Surgical had an average net margin of 27.69%. Against its three-year average, Intuitive Surgical's net margin is currently 25.5%, 2.2 percentage points below its three-year average. Looking back over the last 3 years, Intuitive Surgical's net margin reached 28.6% at its highest point in Sep 2025 and 25.2% at its lowest in Dec 2023.
ISRG margin group comparison
With a gross margin of 67.2%, ISRG stands above the industry and its peers average but below the Healthcare sector average. But in comparison with its Healthcare sector average of 68.3%, Intuitive Surgical's gross margin is only 1.6% lower.
ISRG margin peer comparison
Frequently asked questions
What is Intuitive Surgical's gross margin?
The current gross margin for ISRG is 67.2% as of Sep 30, 2026.
What is Intuitive Surgical's operating margin?
For the period ending Sep 30, 2026, ISRG recorded an operating margin of 28.4%.
What is Intuitive Surgical's EBITDA margin?
For the period ending Sep 30, 2026, ISRG recorded an EBITDA margin of 38.4%.
What is Intuitive Surgical's net margin?
For the period ending Sep 30, 2026, ISRG recorded a net margin of 25.5%.
What are the average margins of ISRG?
Over the last 3 years, Intuitive Surgical's margins averaged 66.7% gross, 28.0% operating, 37.8% EBITDA, and 27.7% net.
What are the highest historical margins of ISRG?
Over the last 5 years, Intuitive Surgical's highest margins were 69.3% gross in Dec 2021, 31.9% operating in Dec 2021, 41.5% EBITDA in Jun 2026, and 29.9% net in Dec 2021.
What are the lowest historical margins of ISRG?
In the last 5 years, the lowest margins reported by ISRG were 66% gross in Dec 2025, 24.2% operating in Mar 2023, 31.2% EBITDA in Mar 2023, and 20.4% net in Mar 2023.