Intuitive Surgical Inc (ISRG)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,939,600 | 1,584,700 | 1,866,800 | 1,200,800 | 1,499,700 |
| Revenue | US$ in thousands | 7,616,100 | 6,548,300 | 5,970,600 | 4,546,000 | 4,583,900 |
| Pretax margin | 25.47% | 24.20% | 31.27% | 26.41% | 32.72% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,939,600K ÷ $7,616,100K
= 25.47%
The pretax margin for Intuitive Surgical Inc has demonstrated fluctuations over the past five years. The pretax margin decreased from 33.54% in 2019 to 27.69% in 2020, before showing a further increase to 33.10% in 2021. However, the pretax margin decreased slightly to 25.82% in 2022, before rebounding to 27.50% in 2023.
Overall, the company has maintained relatively healthy pretax margins, with the highest margin observed in 2021. The fluctuations in the pretax margin could be attributed to various factors such as changes in revenue, expenses, or the overall economic environment impacting the company's profitability before taxes. Further analysis of the company's financial performance and cost structure may provide insights into the factors driving these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023