COVERAGE / ISRG / Healthcare

INTUITIVE SURGICAL INC

Orthopedic, Prosthetic & Surgical Appliances & Supplies

COVERAGE STATUSACTIVE

DATA THROUGH2025-12-31

RESEARCH REPORTS1

SELECTED FILINGS0

Fundamental matrix

Latest / 2025-12-31 · Prior / 2024-12-31 · USD · Annual periods

Revenue

$10.06bn

Prior / $8.35bn

Change / +20.51%

SOURCE / 2026-02-03

Operating income

$2.95bn

Prior / $2.35bn

Change / +25.40%

SOURCE / 2026-02-03

Net income

$2.86bn

Prior / $2.32bn

Change / +22.97%

SOURCE / 2026-02-03

Diluted EPS

$7.87

Prior / $6.42

Change / +22.59%

SOURCE / 2026-02-03

Free cash flow

Not available

Prior / Not available

Change / Unavailable

SOURCE / 2026-02-03

Gross margin

66.00%

Prior / 67.46%

Change / -1.46 pp

SOURCE / 2026-02-03

Operating margin

29.27%

Prior / 28.12%

Change / +1.14 pp

SOURCE / 2026-02-03

Return on avg. equity

16.67%

Prior / 15.62%

Change / +1.05 pp

SOURCE / 2026-02-03

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 10064700000,
    "accn": "0001035267-26-000010",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 2856000000,
    "accn": "0001035267-26-000010",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "frame": "CY2025",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "grossProfit": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 6642300000,
    "accn": "0001035267-26-000010",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "frame": "CY2025",
    "tag": "us-gaap:GrossProfit",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 2945500000,
    "accn": "0001035267-26-000010",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 7.87,
    "accn": "0001035267-26-000010",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 3030500000,
    "accn": "0001035267-26-000010",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 20458700000,
    "accn": "0001035267-26-000010",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-12-31",
    "val": 2517000000,
    "accn": "0001035267-26-000010",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 17824000000,
    "accn": "0001035267-26-000010",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-12-31",
    "val": 9779500000,
    "accn": "0001035267-26-000010",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-12-31",
    "val": 2006200000,
    "accn": "0001035267-26-000010",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-03",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-12-31	$10.06bn	$2.86bn	Not available	$7.87
2024-12-31	$8.35bn	$2.32bn	Not available	$6.42
2023-12-31	$7.12bn	$1.8bn	Not available	$5.03
2022-12-31	$6.22bn	$1.32bn	Not available	$3.65

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-12-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	48.73x	Unavailable	27.08x	10
P/S	13.46x	Unavailable	6.63x	10
P/B	7.60x	Unavailable	7.31x	8
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	Unavailable	Unavailable	3.88%	8

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-07-16 DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 383.54,
  "tradingDate": "2026-09-17",
  "marketCap": 135496258694.52,
  "source": "Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-07-16"
}

Company & operating context

INTUITIVE SURGICAL INC is an SEC-reporting issuer listed on NASDAQ under ISRG. Its SEC industry description is Orthopedic, Prosthetic & Surgical Appliances & Supplies. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Drug developers, device manufacturers and care providers depend on distinct clinical, reimbursement and operating economics.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

No reading guide selected for this issuer. Annual sources remain linked below.

Research archive

HR-0079ISRGCompany Research

ISRG: reading the FY2025 financial structure ↗

INTUITIVE SURGICAL INC

Research abstract

Annual revenue of USD 10.065 billion and net income of USD 2.856 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Patent expiry, trial outcomes, reimbursement changes, litigation and acquisition integration.

Product concentration, research investment, utilization, reimbursement and cash generation.

HEALTHCARE SYSTEM ↗

Sources & dates

SEC annual filing · 2025-12-31 ↗Source date 2026-02-03
SEC annual filing · 2024-12-31 ↗Source date 2026-02-03
SEC annual filing · 2023-12-31 ↗Source date 2026-02-03
SEC annual filing · 2022-12-31 ↗Source date 2025-01-31
SEC issuer record ↗Source date 2026-09-18