Intuitive Surgical Inc (ISRG)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,798,000	1,322,300	1,704,600	1,060,600	1,379,300
Revenue	US$ in thousands	7,616,100	6,548,300	5,970,600	4,546,000	4,583,900
Net profit margin		23.61%	20.19%	28.55%	23.33%	30.09%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,798,000K ÷ $7,616,100K
= 23.61%

Intuitive Surgical Inc's net profit margin has exhibited fluctuating trends over the past five years. In 2021, the company achieved an impressive net profit margin of 29.85%, indicating that for every dollar of revenue generated, approximately 29.85 cents were retained as net profit. This represented a significant improvement from 2020 when the net profit margin was 24.33%. However, the company experienced a slight decline in 2022 with a net profit margin of 21.25%.

In the most recent period of Dec 31, 2023, Intuitive Surgical Inc was able to increase its net profit margin to 25.24%, showing a positive trajectory compared to the previous year. Despite the fluctuations in net profit margin, Intuitive Surgical Inc has managed to maintain relatively healthy profitability levels over the years, with the highest observed in 2019 at 30.80%.

The varying net profit margins suggest that the company has been able to effectively manage its costs and generate profits, albeit with some fluctuations. It will be important for stakeholders to closely monitor the company's future financial performance to assess its ability to sustain and potentially improve profitability levels.