Intuitive Surgical Inc (ISRG)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	5,634,200	5,269,400	5,062,700	4,861,900	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
Revenue (ttm)	US$ in thousands	8,961,500	8,492,700	8,113,000	7,821,700	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
Gross profit margin		62.87%	62.05%	62.40%	62.16%	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%

December 31, 2024 calculation

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

Intuitive Surgical Inc's gross profit margin has shown a gradual decline over the past few years. Starting at 67.82% as of March 31, 2020, the margin decreased to 62.87% by December 31, 2024. The trend indicates a decrease in the percentage of revenue retained after accounting for the cost of goods sold.

While the margin fluctuated slightly quarter to quarter, it generally followed a downward trajectory, hitting its lowest point at 62.05% as of September 30, 2024. This erosion in gross profit margin could signal challenges in controlling production costs or pricing pressures in the industry. It's essential for investors and stakeholders to closely monitor this metric to assess the company's operational efficiency and profitability.