ISRG Intuitive Surgical margins

Relative Growth: Rel. Growth: 96

Relative Strength: Rel. Strength: 19

Relative Valuation: Rel. Valuation: 22

Relative Profitability: Rel. Profitability: 90

Gross margin

66.7%

Operating margin

31.3%

EBITDA margin

41.5%

Net margin

28.4%

Using the latest TTM figures, Intuitive Surgical shows a gross margin of 66.7%, an operating margin of 31.3%, an EBITDA margin of 41.5%, and a net margin of 28.4%. EBITDA margin led the available margin improvements with a 2.8 percentage-point increase, while net margin fell by 0.1 percentage points.

ISRG margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Intuitive Surgical recorded average margins of 66.66% gross, 27.69% operating, 37.36% EBITDA, and 27.41% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

ISRG margin expansion

Year-over-year margin changes in percentage points

The largest positive change was in EBITDA margin, up 2.8 percentage points. Gross margin also expanded by 0.1 percentage points and Operating margin also expanded by 2.5 percentage points, while net margin contracted by 0.1 percentage points.

Gross margin expansion

0.1pp

Operating margin expansion

2.5pp

EBITDA margin expansion

2.8pp

Net margin expansion

-0.1pp

ISRG Gross margin

Over the last 3 years, Intuitive Surgical's gross margin averaged 66.66%. The current gross margin of 66.7% is 0 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 27.69%. The current operating margin stands at 31.3%, 3.6 percentage points above its three-year average. Operating margin was highest at 31.3% in Jun 2026 and lowest at 24.7% in Sep 2023.

ISRG EBITDA margin

Over the last 3 years, Intuitive Surgical recorded an average EBITDA margin of 37.36%. Against its three-year average, Intuitive Surgical's EBITDA margin is currently 41.5%, 4.1 percentage points above its three-year average. The highest EBITDA margin for Intuitive Surgical was 41.5% in Jun 2026, while the lowest was 32.8% in Sep 2023.

ISRG Net margin

In the last 3 years, Intuitive Surgical had an average net margin of 27.41%. Against its three-year average, Intuitive Surgical's net margin is currently 28.4%, 1 percentage points above 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 22.1% at its lowest in Sep 2023.

ISRG margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 66.7%, ISRG stands above the industry and its peers average but below the Healthcare sector average. But in comparison with its Healthcare sector average of 68.5%, Intuitive Surgical's gross margin is only 2.6% lower.

ISRG margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Intuitive Surgical's gross margin?

The current gross margin for ISRG is 66.7% as of Jun 30, 2026.

What is Intuitive Surgical's operating margin?

For the period ending Jun 30, 2026, ISRG recorded an operating margin of 31.3%.

What is Intuitive Surgical's EBITDA margin?

For the period ending Jun 30, 2026, ISRG recorded an EBITDA margin of 41.5%.

What is Intuitive Surgical's net margin?

For the period ending Jun 30, 2026, ISRG recorded a net margin of 28.4%.

What are the average margins of ISRG?

Over the last 3 years, Intuitive Surgical's margins averaged 66.7% gross, 27.7% operating, 37.4% EBITDA, and 27.4% 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, 32.5% operating in Sep 2021, 41.5% EBITDA in Jun 2026, and 30.8% net in Sep 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.