INTUITIVE SURGICAL INC (ISRG) closed fiscal year 2025 with a gross margin of 66.0 % and a net margin of 28.4 %.
INTUITIVE SURGICAL INC (ISRG) closed fiscal year 2025 with a gross margin of 66.0 % and a net margin of 28.4 %. The same year shows an EBITDA margin of 35.7 % and an EBIT margin of 29.3 %. The free cash flow margin was 24.7 %. Against the previous year the gross margin moved −1.5 pp and the net margin +0.6 pp. Across the period the gross margin ranges between 65.6 % in 2020 and 72.9 % in 2010. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 68.95 % | 70.96 % | 71.38 % | 72.89 % | 72.49 % | 72.07 % | 70.38 % | 66.32 % | 66.18 % | 69.94 % | 70.17 % | 69.92 % | 69.45 % | 65.65 % | 69.32 % | 67.44 % | 66.39 % | 67.46 % | 66.00 % |
| EBITDA margin (%) | 36.58 % | 38.39 % | 39.16 % | 42.15 % | 42.18 % | 42.95 % | 40.61 % | 29.05 % | 34.62 % | 38.75 % | 37.24 % | 35.72 % | 35.45 % | 30.69 % | 37.66 % | 31.46 % | 30.91 % | 34.03 % | 35.74 % |
| EBIT margin (%) | 34.41 % | 35.52 % | 35.87 % | 39.29 % | 39.54 % | 40.30 % | 37.64 % | 25.56 % | 31.04 % | 35.09 % | 33.87 % | 32.21 % | 30.69 % | 24.09 % | 31.89 % | 25.35 % | 24.80 % | 28.12 % | 29.27 % |
| Net margin (%) | 24.06 % | 23.35 % | 22.11 % | 27.02 % | 28.17 % | 30.14 % | 29.62 % | 19.65 % | 24.69 % | 27.28 % | 21.38 % | 30.29 % | 30.80 % | 24.33 % | 29.85 % | 21.25 % | 25.24 % | 27.81 % | 28.38 % |
| FCF margin (%) | 30.24 % | 19.68 % | 32.20 % | 31.83 % | 33.84 % | 32.13 % | 34.23 % | 26.25 % | 30.41 % | 38.17 % | 30.37 % | 26.37 % | 26.18 % | 26.23 % | 30.65 % | 15.40 % | 10.52 % | 15.61 % | 24.75 % |
