Intuitive Surgical Inc (ISRG)

Operating 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
Operating income (ttm)	US$ in thousands	2,348,900	2,064,200	1,952,700	1,848,600	1,766,800	1,689,100	1,622,200	1,556,600	1,577,100	1,655,000	1,698,700	1,812,300	1,821,000	1,786,400	1,614,200	1,183,600	1,049,800	1,031,600	1,126,900	1,405,300
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
Operating profit margin		26.21%	24.31%	24.07%	23.63%	23.20%	23.12%	22.93%	22.90%	24.08%	26.16%	27.53%	29.61%	30.86%	31.46%	30.24%	25.15%	23.37%	23.23%	25.23%	29.98%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,348,900K ÷ $8,961,500K
= 26.21%

Intuitive Surgical Inc's operating profit margin has displayed fluctuations over the provided timeframe. The margin started at 29.98% as of March 31, 2020, and experienced a slight decline to 25.23% by June 30, 2020. Subsequently, there was a further decrease to 23.23% by September 30, 2020, followed by a slight uptick to 23.37% by December 31, 2020.

The trend shifted positively in the following periods, with the operating profit margin reaching 25.15% by March 31, 2021, and peaking at 31.46% by September 30, 2021. This was a significant improvement from the previous periods. However, the margin declined to 24.08% by December 31, 2022, before experiencing a fluctuating pattern over the subsequent quarters.

As of December 31, 2024, the operating profit margin stood at 26.21%, showing a recovery from the lower margins observed in the mid-years of 2023. The fluctuation in the operating profit margin indicates varying levels of operational efficiency and profitability for Intuitive Surgical Inc during the analyzed period.