Intuitive Surgical Inc (ISRG)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	5,634,200	4,729,500	4,196,000	3,958,500	2,861,200
Revenue	US$ in thousands	8,961,500	7,616,100	6,548,300	5,970,600	4,546,000
Gross profit margin		62.87%	62.10%	64.08%	66.30%	62.94%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $5,634,200K ÷ $8,961,500K
= 62.87%

Intuitive Surgical Inc's gross profit margin has demonstrated a generally positive trend over the five-year period from December 31, 2020, to December 31, 2024. The margin increased from 62.94% in December 2020 to 66.30% in December 2021, indicating an improvement in the company's ability to generate profits from its core operations. However, there was a slight decline in the margin to 64.08% by December 2022 before it decreased further to 62.10% in December 2023. By December 2024, the gross profit margin slightly rebounded to 62.87%.

Overall, the fluctuations in Intuitive Surgical Inc's gross profit margin suggest a degree of variability in the company's cost management and pricing strategies during the period under review. This could be attributed to factors such as changes in production costs, pricing dynamics in the market, or shifts in the product mix. Further analysis of the underlying drivers of these fluctuations would provide more insights into the company's operational performance and profitability.