Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 31.28% is 11% above its 5-year average of 28.07%, near the high end of its 5-year range (22.51%–34.92%).
0.63% above its 12-month average of 31.08%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
31.28%
OPERATING MARGIN AVG TTM
31.08%
OPERATING MARGIN AVG 3Y
28.41%
OPERATING MARGIN AVG 5Y
28.07%
OPERATING MARGIN AVG 10Y
29.94%
OPERATING MARGIN AVG 15Y
31.67%
OPERATING MARGIN AVG 20Y
32.49%
CURRENT VS TTM AVG
+0.63%
CURRENT VS 3Y AVG
+10.10%
CURRENT VS 5Y AVG
+11.45%
CURRENT VS 10Y AVG
+4.48%
CURRENT VS 15Y AVG
-1.24%
CURRENT VS 20Y AVG
-3.73%
SECTOR MEDIAN · HEALTHCARE
14.90%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+109.93%
vs the sector median at left
Intuitive Surgical, Inc.
Market Cap
$123.70B
Operating Margin
31.28%
TTM Avg
31.08%
3Y Avg
28.41%
5Y Avg
28.07%
Market Cap
$118.26B
Operating Margin
18.08%
TTM Avg
17.77%
3Y Avg
17.25%
5Y Avg
17.00%
Market Cap
$132.14B
Operating Margin
28.27%
TTM Avg
24.24%
3Y Avg
21.84%
5Y Avg
19.75%
Market Cap
$134.24B
Operating Margin
38.59%
TTM Avg
18.66%
3Y Avg
31.09%
5Y Avg
34.52%
Market Cap
$105.97B
Operating Margin
22.03%
TTM Avg
20.93%
3Y Avg
20.75%
5Y Avg
21.02%
Market Cap
$104.10B
Operating Margin
1.62%
TTM Avg
1.41%
3Y Avg
1.42%
5Y Avg
1.37%
Market Cap
$144.25B
Operating Margin
20.42%
TTM Avg
21.31%
3Y Avg
23.25%
5Y Avg
23.28%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Intuitive Surgical, Inc. (ISRG) | $123.70B | 31.28% | 31.08% | 28.41% | 28.07% |
| CVS Health Corp. (CVS)vs › | $122.58B | 2.00% | 2.43% | 2.79% | 3.48% |
| Medtronic plc (MDT)vs › | $118.26B | 18.08% | 17.77% | 17.25% | 17.00% |
| Bristol-Myers Squibb Company (BMY)vs › | $132.14B | 28.27% | 24.24% | 21.84% | 19.75% |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $134.24B | 38.59% | 18.66% | 31.09% | 34.52% |
| Stryker Corporation (SYK)vs › | $105.97B | 22.03% | 20.93% | 20.75% | 21.02% |
| McKesson Corporation (MCK)vs › | $104.10B | 1.62% | 1.41% | 1.42% | 1.37% |
| Sanofi (SNY)vs › | $103.62B | 14.74% | 18.46% | 19.67% | 22.87% |
| Danaher Corporation (DHR)vs › | $144.25B | 20.42% | 21.31% | 23.25% | 23.28% |
| GSK plc (GSK)vs › | $97.25B | 20.72% | 19.17% | 20.63% | 20.79% |
Gross Margin
66.7%
Operating Margin
31.3%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 33.60% |
| 2026-03-31 | 30.87% |
| 2025-12-31 | 30.15% |
| 2025-09-30 | 30.33% |
| 2025-06-30 | 30.47% |
| 2025-03-31 | 25.65% |
| 2024-12-31 | 30.45% |
| 2024-09-30 | 28.33% |
| 2024-06-30 | 28.23% |
| 2024-03-31 | 24.83% |
| 2023-12-31 | 23.35% |
| 2023-09-30 | 26.71% |
| 2023-06-30 | 26.38% |
| 2023-03-31 | 22.85% |
| 2022-12-31 | 22.51% |
| 2022-09-30 | 25.61% |
| 2022-06-30 | 26.12% |
| 2022-03-31 | 27.43% |
| 2021-12-31 | 29.04% |
| 2021-09-30 | 31.54% |
| 2021-06-30 | 34.92% |
| 2021-03-31 | 32.26% |
| 2020-12-31 | 31.28% |
| 2020-09-30 | 25.09% |
| 2020-06-30 | 9.46% |
| 2020-03-31 | 25.74% |
| 2019-12-31 | 31.12% |
| 2019-09-30 | 32.41% |
| 2019-06-30 | 32.67% |
| 2019-03-31 | 25.90% |
| 2018-12-31 | 31.72% |
| 2018-09-30 | 34.02% |
| 2018-06-30 | 30.51% |
| 2018-03-31 | 32.65% |
| 2017-12-31 | 36.64% |
| 2017-09-30 | 34.56% |
| 2017-06-30 | 34.05% |
| 2017-03-31 | 28.40% |
| 2016-12-31 | 34.93% |
| 2016-09-30 | 37.55% |
| 2016-06-30 | 36.62% |
| 2016-03-31 | 30.11% |
| 2015-12-31 | 36.35% |
| 2015-09-30 | 32.20% |
| 2015-06-30 | 29.65% |
| 2015-03-31 | 24.51% |
| 2014-12-31 | 30.78% |
| 2014-09-30 | 28.92% |
| 2014-06-30 | 27.92% |
| 2014-03-31 | 12.18% |
| 2013-12-31 | 36.20% |
| 2013-09-30 | 34.91% |
| 2013-06-30 | 37.77% |
| 2013-03-31 | 41.09% |
| 2012-12-31 | 40.72% |
| 2012-09-30 | 39.31% |
| 2012-06-30 | 41.99% |
| 2012-03-31 | 39.03% |
| 2011-12-31 | 40.16% |
| 2011-09-30 | 40.05% |
| 2011-06-30 | 39.49% |
| 2011-03-31 | 38.21% |
| 2010-12-31 | 39.48% |
| 2010-09-30 | 38.36% |
| 2010-06-30 | 39.83% |
| 2010-03-31 | 39.47% |
| 2009-12-31 | 39.74% |
| 2009-09-30 | 37.30% |
| 2009-06-30 | 38.19% |
| 2009-03-31 | 23.90% |
| 2008-12-31 | 35.73% |
| 2008-09-30 | 36.03% |
| 2008-06-30 | 35.67% |
| 2008-03-31 | 34.47% |
| 2007-12-31 | 38.73% |
| 2007-09-30 | 34.41% |
| 2007-06-30 | 32.11% |
| 2007-03-31 | 30.06% |
| 2006-12-31 | 31.49% |
| 2006-09-30 | 26.79% |
| 2006-06-30 | 28.16% |
| 2006-03-31 | 28.12% |
| 2005-12-31 | 32.61% |
| 2005-09-30 | 34.51% |
| 2005-06-30 | 29.07% |
| 2005-03-31 | 21.42% |
| 2004-12-31 | 24.22% |
| 2004-09-30 | 15.46% |
| 2004-06-30 | 14.38% |
| 2004-03-31 | 1.05% |
| 2003-12-31 | -20.34% |
| 2003-09-30 | -15.66% |
| 2003-06-30 | 2.48% |
| 2003-03-31 | -16.30% |
| 2002-12-31 | -14.16% |
| 2002-09-30 | -40.06% |
