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Intuitive Surgical, Inc. logo

Intuitive Surgical, Inc.

ISRGNASDAQ

$449.81

Last price · USD

Market cap
$163.1B
P/E
57.2x
EV / EBITDA
40.1x
P/S
16.2x
FCF yield
1.5%
Div. yield
0.00%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

OverviewBusinessFinancialsPeersChartsValuation

Revenue

$10.06B

+20.5%

4Y CAGR +15.2%

Gross profit

$6.64B

+17.9%

4Y CAGR +13.8%

Operating income

$2.95B

+25.4%

4Y CAGR +12.8%

Net income

$2.86B

+23.0%

4Y CAGR +13.8%

EPS (diluted)

$7.87

+22.6%

4Y CAGR +14.0%

Free cash flow

$2.49B

+91.0%

4Y CAGR +9.4%

Revenue & net income

Fiscal 2021–2025 · USD

All charts
$10B$8B$6B$4B$2B$0M$5.71B$6.22B$7.12B$8.35B$10.06B20212022202320242025
RevenueNet income

Valuation

At $449.81 · FY2025 fundamentals

Market cap
$163.1B
Enterprise value
$160.1B
P/E
57.2x
P/S
16.2x
P/B
9.2x
EV / EBITDA
40.1x
EV / Sales
15.9x
Earnings yield
1.8%
FCF yield
1.5%
Shareholder yield
1.4%
Estimate intrinsic value with a DCF

Profitability

Margins as a share of revenue

MetricLatest4Y agoTrend
Gross margin66.0%-3.3pp69.3%
Operating margin29.3%-2.6pp31.9%
EBITDA margin39.6%+1.1pp38.5%
Net margin28.4%-1.5pp29.9%
FCF margin24.7%-5.7pp30.4%

Returns & financial health

FY2025 with 4-year trend

MetricLatest4Y agoTrend
Return on equity16.0%14.3%
Return on invested capital17.3%15.5%
Return on assets13.8%12.6%
Debt / equity0.02x0.01x
Net debt / EBITDA-0.77x-0.55x
Current ratio4.87x5.08x

Cash & equivalents

$3.37B

Total debt

$303M

Capital allocation

How ISRG used its cash in FY2025

Operating cash flow
$3.03B
Capital expenditure
$540M
Dividends paid
$0.00
Share repurchases
$2.30B
Stock-based compensation
$788M
Diluted shares
362.7M
Share count change (4Y)
-0.8%

Analyst estimates

Consensus for upcoming fiscal years

Fiscal yearRevenueGrowthEPSGrowth
FY2025 actual$10.06B$7.87
FY2026E16 analysts$11.89B+18.2%$11.20+42.3%
FY2027E17 analysts$13.33B+12.1%$12.39+10.6%
FY2028E10 analysts$14.99B+12.4%$13.93+12.5%

About Intuitive Surgical, Inc.

Healthcare · Medical - Instruments & Supplies

Intuitive Surgical, Inc. is a leading medical technology firm dedicated to advancing patient care by developing, producing, and commercializing sophisticated tools. These innovations empower medical professionals to deliver superior, accessible, and less-invasive treatment options to patients both within the United States and across international markets.

intuitive.com
Sector
Healthcare
Industry
Medical - Instruments & Supplies
CEO
David J. Rosa
Employees
17,021
Headquarters
Sunnyvale, CA, US
IPO date
2000-06-16

Intuitive Surgical, Inc. (ISRG) — frequently asked questions

Answered from the company's SEC filings

Intuitive Surgical, Inc. is a leading medical technology firm dedicated to advancing patient care by developing, producing, and commercializing sophisticated tools.

Intuitive Surgical, Inc. reported revenue of $10.06B in fiscal 2025, up 20.5% from the prior year. Over the last 4 years, revenue has grown at 15.2% a year.

Yes. Intuitive Surgical, Inc. earned net income of $2.86B in fiscal 2025, a net margin of 28.4%, and generated $2.49B of free cash flow.

At a share price of $449.81, ISRG trades at about 57.2x its fiscal 2025 earnings per share, with a market capitalization of roughly $163.1B. Its EV/EBITDA multiple is 40.1x.

Intuitive Surgical, Inc. did not pay a common dividend in fiscal 2025.

Intuitive Surgical, Inc. had total debt of $303M and cash of $3.37B at the end of fiscal 2025, giving net debt of -0.8x EBITDA.

Intuitive Surgical, Inc.'s return on invested capital was 17.3% in fiscal 2025, and its return on equity was 16.0%.

Explore the full income statement, balance sheet and cash flow statement. Not investment advice.