Intuitive Surgical Inc (ISRG)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	4,729,500	4,563,000	4,447,900	4,299,300	4,196,000	4,145,900	4,065,200	4,065,600	3,958,500	3,793,500	3,546,400	3,025,600	2,861,200	2,861,400	2,922,700	3,178,800	3,110,200	2,949,900	2,806,600	2,679,900
Revenue (ttm)	US$ in thousands	7,616,100	7,306,600	7,073,300	6,797,300	6,548,300	6,326,000	6,171,000	6,121,000	5,900,400	5,678,800	5,338,700	4,705,300	4,491,300	4,439,900	4,466,200	4,687,300	4,531,000	4,299,800	4,065,100	3,850,400
Gross profit margin		62.10%	62.45%	62.88%	63.25%	64.08%	65.54%	65.88%	66.42%	67.09%	66.80%	66.43%	64.30%	63.71%	64.45%	65.44%	67.82%	68.64%	68.61%	69.04%	69.60%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,729,500K ÷ $7,616,100K
= 62.10%

Intuitive Surgical Inc's gross profit margin has exhibited a moderate decline over the past eight quarters, starting from a high of 68.84% in Q1 2022 to the most recent figure of 66.39% in Q4 2023. The company's gross profit margin has shown relatively consistent performance, hovering around the mid to high 60% range throughout the period. Despite the slight fluctuations, the downward trend indicates potential challenges in managing production costs or pricing strategies. Further analysis of the company's cost structure and revenue streams is warranted to understand the underlying reasons for the declining trend in gross profit margin.