Intuitive Surgical Inc (ISRG)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,766,800 | 1,577,100 | 1,821,000 | 1,049,800 | 1,374,500 |
| Revenue | US$ in thousands | 7,616,100 | 6,548,300 | 5,970,600 | 4,546,000 | 4,583,900 |
| Operating profit margin | 23.20% | 24.08% | 30.50% | 23.09% | 29.99% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,766,800K ÷ $7,616,100K
= 23.20%
Intuitive Surgical Inc's operating profit margin has shown some variability over the past five years. The trend indicates a slight decrease from 2019 to 2020, followed by a significant increase in 2021, and then a slight decline in 2022 and 2023. Despite these fluctuations, the company has generally maintained a healthy operating profit margin, with figures ranging from 24.09% to 31.89%. The most recent operating profit margin for 2023 stands at 24.80%, which indicates that the company is generating approximately $0.24 of operating profit for every dollar of sales. This indicates a solid operational efficiency, although there may be room for improvement to enhance profitability in the future.
Peer comparison
Dec 31, 2023