Operating Profit Margin
since 2005
Calculation
Intuitive Surgical Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Income from operations1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 28.12% | = | 100 | × | 2,348,900) | ÷ | 8,352,100) |
| Dec 31, 2023 | 24.80% | = | 100 | × | 1,766,800) | ÷ | 7,124,100) |
| Dec 31, 2022 | 25.35% | = | 100 | × | 1,577,100) | ÷ | 6,222,200) |
| Dec 31, 2021 | 31.89% | = | 100 | × | 1,821,000) | ÷ | 5,710,100) |
| Dec 31, 2020 | 24.09% | = | 100 | × | 1,049,800) | ÷ | 4,358,400) |
| Dec 31, 2019 | 30.69% | = | 100 | × | 1,374,500) | ÷ | 4,478,500) |
| Dec 31, 2018 | 32.21% | = | 100 | × | 1,199,400) | ÷ | 3,724,200) |
| Dec 31, 2017 | 33.71% | = | 100 | × | 1,054,600) | ÷ | 3,128,900) |
| Dec 31, 2016 | 34.95% | = | 100 | × | 945,200) | ÷ | 2,704,400) |
| Dec 31, 2015 | 31.04% | = | 100 | × | 740,000) | ÷ | 2,384,400) |
| Dec 31, 2014 | 25.56% | = | 100 | × | 544,800) | ÷ | 2,131,700) |
| Dec 31, 2013 | 37.64% | = | 100 | × | 852,500) | ÷ | 2,265,100) |
| Dec 31, 2012 | 40.30% | = | 100 | × | 878,100) | ÷ | 2,178,800) |
| Dec 31, 2011 | 39.54% | = | 100 | × | 694,800) | ÷ | 1,757,300) |
| Dec 31, 2010 | 39.29% | = | 100 | × | 555,200) | ÷ | 1,413,000) |
| Dec 31, 2009 | 35.87% | = | 100 | × | 377,439) | ÷ | 1,052,168) |
| Dec 31, 2008 | 35.53% | = | 100 | × | 310,835) | ÷ | 874,919) |
| Dec 31, 2007 | 34.41% | = | 100 | × | 206,742) | ÷ | 600,828) |
| Dec 31, 2006 | 28.81% | = | 100 | × | 107,355) | ÷ | 372,682) |
| Dec 31, 2005 | 30.25% | = | 100 | × | 68,772) | ÷ | 227,338) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial data demonstrates a generally positive growth trajectory in revenue over the periods analyzed, rising from $227.3 million in 2005 to an estimated $8.35 billion in 2024. This indicates substantial expansion in the company's sales and market presence over this timeframe, with particularly strong growth visible between 2016 and 2024.
Income from operations has also experienced overall growth, increasing from approximately $68.8 million in 2005 to an estimated $2.35 billion in 2024. Although this metric exhibits volatility, with a notable dip around 2014 and 2015, the longer-term trend suggests improved operational profitability and scalability of the business. The decline in operating income during 2014-2015 appears as a significant deviation before returning to an upward trajectory post-2016.
The operating profit margin percentage fluctuates over the periods. Initially, it rose from 30.25% in 2005 to peak above 40% in 2012, which suggests increasing operational efficiency or favorable cost management during this phase. Subsequently, the margin declined sharply in 2014 to around 25.56%, indicating either increased operational costs or pricing pressures during that period. Following the dip, the margin showed partial recovery but remained below earlier peak levels, fluctuating between approximately 24.8% and 33.7% from 2014 onward. The margin's variability in recent years suggests external market challenges or strategic changes impacting profitability ratios despite revenue growth.
Overall, while revenue and income from operations exhibit strong and sustained growth reflecting successful expansion and operational scaling, the operating profit margin reveals a less consistent pattern, highlighting periods of both improved efficiency and potential cost or competitive pressures. This combination suggests that the company is growing rapidly but faces ongoing challenges in maintaining consistent profitability relative to its revenue.
Comparison to Competitors
Intuitive Surgical Inc., operating profit margin, long-term trends, comparison to competitors
| Intuitive Surgical Inc. | Abbott Laboratories | CVS Health Corp. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 28.12% | 16.27% | 2.30% | 15.89% | 8.17% |
| Dec 31, 2023 | 24.80% | 16.15% | 3.85% | 17.56% | 8.80% |
| Dec 31, 2022 | 25.35% | 19.16% | 2.41% | 18.15% | 8.83% |
| Dec 31, 2021 | 31.89% | 19.56% | 4.54% | 14.89% | 8.40% |
| Dec 31, 2020 | 24.09% | 15.48% | 5.19% | 16.57% | 8.76% |
| Dec 31, 2019 | 30.69% | 14.21% | 4.69% | 20.51% | 8.19% |
| Dec 31, 2018 | 32.21% | 11.94% | 2.07% | 22.20% | 7.71% |
| Dec 31, 2017 | 33.71% | 6.30% | 5.15% | 17.94% | 7.60% |
| Dec 31, 2016 | 34.95% | 15.27% | 5.84% | 18.35% | 7.03% |
| Dec 31, 2015 | 31.04% | 14.05% | 6.18% | 18.59% | 7.05% |
| Dec 31, 2014 | 25.56% | 12.84% | 6.31% | 22.42% | 7.92% |
| Dec 31, 2013 | 37.64% | 12.03% | 6.34% | 26.53% | 7.90% |
| Dec 31, 2012 | 40.30% | 20.28% | 5.87% | 0.00% | 8.42% |
| Dec 31, 2011 | 39.54% | 14.81% | 5.91% | 0.00% | 8.36% |
| Dec 31, 2010 | 39.29% | 17.31% | 6.39% | 0.00% | 8.41% |
| Dec 31, 2009 | 35.87% | 20.27% | 6.52% | 0.00% | 7.35% |
| Dec 31, 2008 | 35.53% | 19.28% | 6.91% | 0.00% | 6.54% |
| Dec 31, 2007 | 34.41% | 17.67% | 6.28% | 0.00% | 10.57% |
| Dec 31, 2006 | 28.81% | 9.09% | 5.57% | 0.00% | 9.88% |
| Dec 31, 2005 | 30.25% | 19.53% | 5.46% | 0.00% | 11.98% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).