Intuitive Surgical Inc (ISRG)

Net 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
Net income (ttm)	US$ in thousands	1,798,000	1,516,700	1,425,000	1,312,000	1,322,300	1,378,000	1,434,500	1,643,900	1,704,600	1,689,200	1,622,600	1,173,400	1,060,600	1,053,100	1,136,000	1,386,300	1,379,300	1,314,100	1,209,800	1,146,800
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
Net profit margin		23.61%	20.76%	20.15%	19.30%	20.19%	21.78%	23.25%	26.86%	28.89%	29.75%	30.39%	24.94%	23.61%	23.72%	25.44%	29.58%	30.44%	30.56%	29.76%	29.78%

December 31, 2023 calculation

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

Intuitive Surgical Inc's net profit margin has shown slight fluctuations over the past eight quarters. In Q4 2023, the net profit margin was 25.24%, marking an increase from the previous quarter's 22.14%. This indicates an improvement in the company's profitability during the most recent period. However, it is important to note that the net profit margin in Q4 2023 was still lower than the Q1 2022 figure of 27.84%, suggesting some variability in profitability over time. Overall, while the company has demonstrated relatively stable profitability, investors may want to closely monitor future trends to assess the sustainability of Intuitive Surgical Inc's profit margins.