Company: Intuitive Surgical, Inc.
Ticker: ISRG
Form: 10-K
Filed: 2026-02-03
Fiscal Period: {"fp": "FY", "fy": 2025}

Question: What was Intuitive Surgical, Inc.'s net margin in fiscal year 2025?
Question Type: derived_ratio

Concept: NetIncomeLoss
RevenueFromContractWithCustomerExcludingAssessedTax
Answer (Numeric): 28.38
Answer (Display): 28.38%
Unit: percent

Evidence:
[{"chunk_id": "292", "equivalent_chunk_ids": ["292"], "section": "CONSOLIDATED STATEMENTS OF INCOME", "supports": ["numerator", "denominator"], "text": "(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)\nYear Ended December 31,\nRevenue:\nProduct\n8,492.6\n7,045.0\n5,956.3\nService\n1,572.1\n1,307.1\n1,167.8\nTotal revenue\n10,064.7\n8,352.1\n7,124.1\nCost of revenue:\nProduct\n2,866.1\n2,313.1\n2,041.8\nService\n556.3\n404.8\n352.8\nTotal cost of revenue\n3,422.4\n2,717.9\n2,394.6\nGross profit\n6,642.3\n5,634.2\n4,729.5\nOperating expenses:\nSelling, general and administrative\n2,385.0\n2,140.0\n1,963.9\nResearch and development\n1,311.8\n1,145.3\n998.8\nTotal operating expenses\n3,696.8\n3,285.3\n2,962.7\nIncome from operations\n2,945.5\n2,348.9\n1,766.8\nInterest and other income, net\n365.9\n324.9\n192.1\nIncome before taxes\n3,311.4\n2,673.8\n1,958.9\nIncome tax expense\n434.8\n336.3\n141.6\nNet income\n2,876.6\n2,337.5\n1,817.3\nLess: net income attributable to noncontrolling interest in joint venture\n20.6\n14.9\n19.3\nNet income attributable to Intuitive Surgical, Inc.\n2,856.0\n2,322.6\n1,798.0\nNet income per share attributable to Intuitive Surgical, Inc.:\nBasic\n8.00\n6.54\n5.12\nDiluted\n7.87\n6.42\n5.03\nShares used in computing net income per share attributable to Intuitive Surgical, Inc.:\nBasic\n356.9\n355.2\n351.2\nDiluted\n362.7\n362.0\n357.4\nThe accompanying notes are an integral part of these Consolidated Financial Statements.\nINTUITIVE SURGICAL, INC."}]

Derivation: {"denominator": "revenue", "denominator_value": 10064.7, "format": "percentage", "numerator": "net_income", "numerator_value": 2856.0, "op": "divide"}