Intuitive Surgical Inc (ISRG)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,658,900 | 2,362,800 | 2,215,200 | 2,059,300 | 1,939,600 | 1,811,100 | 1,695,300 | 1,602,400 | 1,584,700 | 1,653,900 | 1,706,200 | 1,825,500 | 1,866,800 | 1,852,800 | 1,750,700 | 1,335,300 | 1,200,800 | 1,189,400 | 1,234,200 | 1,522,900 |
| 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 |
| Pretax margin | 29.67% | 27.82% | 27.30% | 26.33% | 25.47% | 24.79% | 23.97% | 23.57% | 24.20% | 26.14% | 27.65% | 29.82% | 31.64% | 32.63% | 32.79% | 28.38% | 26.74% | 26.79% | 27.63% | 32.49% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,658,900K ÷ $8,961,500K
= 29.67%
Intuitive Surgical Inc's pretax margin has shown some fluctuations over the given periods. The pretax margin started at 32.49% as of March 31, 2020, and experienced a slight decrease to 27.63% by June 30, 2020. There was a further decline to 26.79% as of September 30, 2020. However, there was a slight uptick to 26.74% by December 31, 2020.
The pretax margin then saw an improvement, reaching 28.38% by March 31, 2021, and continued to rise to 32.79% by June 30, 2021. This positive trend continued with a slight decrease to 32.63% as of September 30, 2021, and then a further decrease to 31.64% by December 31, 2021.
The pretax margin fluctuated between 29.82% to 23.57% from March 31, 2022, to March 31, 2023. However, there was a gradual increase from 23.57% on March 31, 2023, to 29.67% by December 31, 2024. Overall, Intuitive Surgical Inc's pretax margin has shown variability but has managed to improve over the long term, indicating the company's ability to effectively manage its pre-tax profitability.
Peer comparison
Dec 31, 2024