Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
ISRG · Nasdaq · United States · Orthopedic, Prosthetic & Surgical Appliances & Supplies
In shortINTUITIVE SURGICAL INC is profitable.
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 29.3% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 28.4% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 16.7% | 83/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 4.87× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | – | n/a |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 12.01 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 24.7% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.87× | 72/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 8.2% | 81/100 |
| Operating margin volatility | 2.9% | 83/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 17.4% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | 29.2% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 5,710 | 6,222 | 7,124 | 8,352 | 10,065 |
| Cost of revenue | 1,752 | 2,026 | 2,395 | 2,718 | 3,422 |
| Gross profit | 3,959 | 4,196 | 4,730 | 5,634 | 6,642 |
| Research & development | 671 | 879 | 999 | 1,145 | 1,312 |
| Selling, general & admin | 1,467 | 1,740 | 1,964 | 2,140 | 2,385 |
| Operating income | 1,821 | 1,577 | 1,767 | 2,349 | 2,946 |
| Pre-tax income | 1,890 | 1,607 | 1,959 | 2,674 | 3,311 |
| Income tax | 162 | 262 | 142 | 336 | 435 |
| Net income | 1,705 | 1,322 | 1,798 | 2,323 | 2,856 |
| Diluted EPS | $4.66 | $3.65 | $5.03 | $6.42 | $7.87 |
| Diluted shares (millions) | 366 | 362 | 357 | 362 | 363 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of INTUITIVE SURGICAL INC are included in the Investor plan. Try free for 7 days →
12.01 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
8/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Sep 30, 2026 · Data updated Oct 21, 2026