Tearsheet

Intuitive Surgical (ISRG)

Market Price (9/12/2025): $454.0 | Market Cap: $162.8 Bil
Sector: Health Care | Industry: Health Care Equipment

Intuitive Surgical (ISRG)

Market Price (9/12/2025): $454.0
Market Cap: $162.8 Bil
Sector: Health Care
Industry: Health Care Equipment

Investment Highlights

0	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 29%	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 62x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 58x, P/EPrice/Earnings or Price/(Net Income) is 63x
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%, CFO LTM is 2.8 Bil	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.9%
2	Low stock price volatility Vol 12M is 33%

0	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 29%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%, CFO LTM is 2.8 Bil
2	Low stock price volatility Vol 12M is 33%
3	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 62x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 58x, P/EPrice/Earnings or Price/(Net Income) is 63x
4	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.9%

Market Valuation

	9/12/25	2024	2023	2022	2021
Share Price CYE	$454.00	$521.96	$337.36	$265.35	$359.30
Market Cap CYE ($ Bil)	162.8	186.0	118.7	93.2	128.5
Total Debt ($ Bil)	0.0	0.0	0.0	0.0	0.1
Total Cash ($ Bil)	5.3	4.0	5.2	4.1	4.2
Enterprise Value ($ Bil)	157.4	186.0	118.7	93.2	128.6
Valuation Ratios
P/S TTM	17.8	22.2	16.6	15.2	22.4
P/EBIT TTM	61.8	78.9	67.1	59.9	70.3
P/E TTM	62.4	79.8	65.9	71.4	75.1
Sector Ratios
P/S TTM (Sector)	3.8	3.6	4.1	4.5	7.3
P/EBIT TTM (Sector)	-1.6	-1.3	-1.4	-1.3	-2.9
P/E TTM (Sector)	-1.8	-1.6	-1.5	-1.4	-2.9

	9/12/25	2024	2023
Share Price CYE	$454.00	$521.96	$337.36
Market Cap CYE ($ Bil)	162.8	186.0	118.7
Total Debt ($ Bil)	0.0	0.0	0.0
Total Cash ($ Bil)	5.3	4.0	5.2
Enterprise Value ($ Bil)	157.4	186.0	118.7
Valuation Ratios
P/S TTM	17.8	22.2	16.6
P/EBIT TTM	61.8	78.9	67.1
P/E TTM	62.4	79.8	65.9
Sector Ratios
P/S TTM (Sector)	3.8	3.6	4.1
P/EBIT TTM (Sector)	-1.6	-1.3	-1.4
P/E TTM (Sector)	-1.8	-1.6	-1.5

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Intuitive Surgical, Inc. develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System to enable complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
ISRG Return	38%	32%	-26%	27%	55%	-13%	140%
Peers Return	3%	12%	-12%	12%	14%	7%	39%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	101%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: BSX, SYK, MDT, BDX, EW. See ISRG Returns vs. Peers.
[3] 2025 data is for the year up to 9/11/2025 (YTD)

Interactive Breakdown

Intuitive Surgical Interactive Breakdown Analysis

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Intuitive Surgical Earnings Notes
2	Better Bet Than ISRG Stock: Pay Less Than Intuitive Surgical To Get More From PODD, UFPT	Actionable
3	ISRG Slides 5.9% In A Single Day: Where Does It Rank Among Competitors?
4	Intuitive Surgical vs Eli Lilly: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	ISRG At Price Support Zone, Right Time To Buy?	Actionable
6	Better Bet Than ISRG Stock: Pay Less Than Intuitive Surgical To Get More From LLY, PODD
7	Better Bet Than ISRG Stock: Pay Less Than Intuitive Surgical To Get More From PODD, GMED
8	Better Bet Than ISRG Stock: Pay Less Than Intuitive Surgical To Get More From GMED, PODD, UFPT	Actionable
9	ISRG Dip Buy Analysis
10	ISRG YTD Stock Return Of 6.7% Outperforms BDX by 30% and Underperforms BSX by -7.6%	Return
11	ARTICLES
12	Better Bet Than Intuitive Surgical Stock: Pay Less To Get More From PODD		September 9th, 2025
13	Buy or Sell Intuitive Surgical Stock?		September 4th, 2025
14	ISRG Dips 5.9% In One Day: Does It Lead the Pack?		September 4th, 2025
15	S&P 500 Movers \| Winners: GOOGL, GOOG, CPB \| Losers: DLTR, ISRG, RVTY		September 4th, 2025
16	Better Bet Than Intuitive Surgical Stock: Pay Less To Get More From PODD		August 27th, 2025

	Title
0	DASHBOARDS
1	Better Bet Than Intuitive Surgical Stock: Pay Less To Get More From PODD
2	Buy or Sell Intuitive Surgical Stock?
3	ISRG Dips 5.9% In One Day: Does It Lead the Pack?
4	S&P 500 Movers \| Winners: GOOGL, GOOG, CPB \| Losers: DLTR, ISRG, RVTY
5	Better Bet Than Intuitive Surgical Stock: Pay Less To Get More From PODD
6	ARTICLES
7	Intuitive Surgical Earnings Notes
8	Better Bet Than ISRG Stock: Pay Less Than Intuitive Surgical To Get More From PODD, UFPT
9	ISRG Slides 5.9% In A Single Day: Where Does It Rank Among Competitors?
10	Intuitive Surgical vs Eli Lilly: Which Is A Better Investment?
11	ISRG At Price Support Zone, Right Time To Buy?
12	Better Bet Than ISRG Stock: Pay Less Than Intuitive Surgical To Get More From LLY, PODD
13	Better Bet Than ISRG Stock: Pay Less Than Intuitive Surgical To Get More From PODD, GMED
14	Better Bet Than ISRG Stock: Pay Less Than Intuitive Surgical To Get More From GMED, PODD, UFPT
15	ISRG Dip Buy Analysis
16	ISRG YTD Stock Return Of 6.7% Outperforms BDX by 30% and Underperforms BSX by -7.6%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	97.2%	-85.5%
2	VNCE	Vince	89.2%	-13.7%
3	OPEN	Opendoor Technologies	79.5%	557.5%
4	AIRE	ReAlpha Tech	75.7%	-57.4%
5	PFSA	Profusa	74.0%	-96.1%
6	WLDS	Wearable Devices	56.6%	-7.0%
7	AEI	Alset	56.3%	264.7%
8	MAZE	Maze Therapeutics	54.8%
9	NUAI	New Era Energy & Digital	47.9%
10	AMST	Amesite	44.4%	-18.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	OCTO	Eightco	-39.9%	562.1%
2	RBNE	Robin Energy	-37.8%
3	QMMM	QMMM	-31.0%	5800.8%
4	KIDZ	Classover	-30.5%
5	SNTG	Sentage	-29.3%	57.5%
6	ABLV	Able View Global	-26.2%	21.4%
7	ZENV	Zenvia	-25.5%	-42.9%
8	KXIN	Kaixin	-25.3%	-47.4%
9	ILAG	Intelligent Living Application	-22.1%	-26.2%
10	TOP	TOP Financial	-21.6%	-5.2%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	QMMM	QMMM	960.8%	5800.8%
2	OCTO	Eightco	900.0%	562.1%
3	WLDS	Wearable Devices	644.0%	-7.0%
4	CWD	CaliberCos	248.3%	-40.7%
5	AIRE	ReAlpha Tech	223.1%	-57.4%
6	PTNM	Pitanium	202.3%
7	EDHL	Everbright Digital	162.0%
8	NXTT	Next Technology	148.3%	-85.5%
9	FORD	Forward Industries	130.5%	596.6%
10	LUD	Luda Technology	105.1%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-86.2%
2	YYGH	YY	-75.6%	-78.1%
3	YAAS	Youxin Technology	-73.8%	-98.1%
4	LGCL	Lucas GC	-66.7%	-73.4%
5	IPDN	Professional Diversity Network	-60.8%	-37.0%
6	BINI	Bollinger Innovations	-57.3%	-100.0%
7	HWH	HWH International	-50.5%	-4.8%
8	CDT	CDT Equity	-49.6%	-99.4%
9	MRNO	Murano Global Investments	-42.9%	-68.3%
10	BRIA	BrilliA	-42.2%	-37.0%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11011.1%	11011.1%
2	GIBO	GIBO	7349.5%
3	LNZA	LanzaTech Global	5509.6%	-85.7%
4	CHSN	Chanson International	3022.1%	-99.3%
5	QMMM	QMMM	2921.2%	5800.8%
6	VTAK	Catheter Precision	1345.1%	-70.8%
7	CURX	Curanex Pharmaceuticals	1242.6%	1242.6%
8	OCTO	Eightco	853.9%	562.1%
9	WLDS	Wearable Devices	533.6%	-7.0%
10	PTNM	Pitanium	455.6%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-93.9%	-100.0%
2	CJET	Chijet Motor	-93.2%	-94.7%
3	ETS	Elite Express	-93.0%	-93.0%
4	ELPW	Elong Power	-91.6%	-75.7%
5	JEM	707 Cayman	-91.3%	-97.9%
6	STFS	Star Fashion Culture	-90.6%	-97.4%
7	CRE	Cre8 Enterprise	-90.3%	-90.5%
8	FLYE	Fly-E	-89.2%	-80.7%
9	NUTR	NusaTrip	-88.4%	-88.4%
10	CUPR	Cuprina	-85.2%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	97.2%	-85.5%
2	VNCE	Vince	89.2%	-13.7%
3	OPEN	Opendoor Technologies	79.5%	557.5%
4	AIRE	ReAlpha Tech	75.7%	-57.4%
5	PFSA	Profusa	74.0%	-96.1%
6	WLDS	Wearable Devices	56.6%	-7.0%
7	AEI	Alset	56.3%	264.7%
8	MAZE	Maze Therapeutics	54.8%
9	NUAI	New Era Energy & Digital	47.9%
10	AMST	Amesite	44.4%	-18.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	OCTO	Eightco	-39.9%	562.1%
2	RBNE	Robin Energy	-37.8%
3	QMMM	QMMM	-31.0%	5800.8%
4	KIDZ	Classover	-30.5%
5	SNTG	Sentage	-29.3%	57.5%
6	ABLV	Able View Global	-26.2%	21.4%
7	ZENV	Zenvia	-25.5%	-42.9%
8	KXIN	Kaixin	-25.3%	-47.4%
9	ILAG	Intelligent Living Application	-22.1%	-26.2%
10	TOP	TOP Financial	-21.6%	-5.2%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	QMMM	QMMM	960.8%	5800.8%
2	OCTO	Eightco	900.0%	562.1%
3	WLDS	Wearable Devices	644.0%	-7.0%
4	CWD	CaliberCos	248.3%	-40.7%
5	AIRE	ReAlpha Tech	223.1%	-57.4%
6	PTNM	Pitanium	202.3%
7	EDHL	Everbright Digital	162.0%
8	NXTT	Next Technology	148.3%	-85.5%
9	FORD	Forward Industries	130.5%	596.6%
10	LUD	Luda Technology	105.1%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-86.2%
2	YYGH	YY	-75.6%	-78.1%
3	YAAS	Youxin Technology	-73.8%	-98.1%
4	LGCL	Lucas GC	-66.7%	-73.4%
5	IPDN	Professional Diversity Network	-60.8%	-37.0%
6	BINI	Bollinger Innovations	-57.3%	-100.0%
7	HWH	HWH International	-50.5%	-4.8%
8	CDT	CDT Equity	-49.6%	-99.4%
9	MRNO	Murano Global Investments	-42.9%	-68.3%
10	BRIA	BrilliA	-42.2%	-37.0%

Peer Comparisons for Intuitive Surgical

Financials

	ISRG	BSX	SYK	MDT	BDX	EW	Median
Name	Intuitiv.	Boston S.	Stryker	Medtronic	Becton D.	Edwards .
Mkt Price	455.85	104.34	388.79	94.25	190.56	78.01	147.45
Mkt Cap	163.4	154.4	148.6	120.8	54.7	45.8	134.7
Rev LTM	9,145	18,494	23,818	34,200	21,386	5,685	19,940
Op Inc LTM	2,634	3,388	4,683	6,647	2,955	1,588	3,172
FCF LTM	1,994	3,234	4,024	5,303	2,550	578	2,892
FCF 3Y Avg	1,197	2,114	3,081	4,964	2,504	599	2,309
CFO LTM	2,826	4,285	4,766	7,146	3,254	795	3,770
CFO 3Y Avg	2,116	3,014	3,735	6,625	3,278	867	3,146

Growth & Margins

	ISRG	BSX	SYK	MDT	BDX	EW	Median
Name	Intuitiv.	Boston S.	Stryker	Medtronic	Becton D.	Edwards .
Rev Chg LTM	20.8%	21.4%	11.4%	5.0%	7.9%	9.1%	10.2%
Rev Chg 3Y Avg	15.4%	14.6%	10.6%	3.3%	4.1%	3.0%	7.3%
Rev Chg Q	21.4%	22.8%	11.1%	8.4%	10.4%	11.9%	11.5%
QoQ Delta Rev Chg LTM	4.9%	5.4%	2.6%	2.0%	2.5%	2.9%	2.8%
Op Mgn LTM	28.8%	18.3%	19.7%	19.4%	13.8%	27.9%	19.5%
Op Mgn 3Y Avg	26.3%	17.6%	19.3%	18.6%	13.3%	29.5%	18.9%
QoQ Delta Op Mgn LTM	0.6%	-0.2%	-0.1%	-0.1%	0.9%	0.2%	0.1%
CFO/Rev LTM	30.9%	23.2%	20.0%	20.9%	15.2%	14.0%	20.5%
CFO/Rev 3Y Avg	26.9%	18.8%	17.2%	20.2%	16.3%	17.2%	18.0%
FCF/Rev LTM	21.8%	17.5%	16.9%	15.5%	11.9%	10.2%	16.2%
FCF/Rev 3Y Avg	15.0%	13.1%	14.1%	15.1%	12.4%	11.9%	13.6%

Valuation

	ISRG	BSX	SYK	MDT	BDX	EW	Median
Name	Intuitiv.	Boston S.	Stryker	Medtronic	Becton D.	Edwards .
Mkt Cap	163.4	154.4	148.6	120.8	54.7	45.8	134.7
P/S	17.9	8.3	6.2	3.5	2.6	8.1	7.1
P/EBIT	62.1	46.4	31.7	18.9	21.9	27.3	29.5
P/E	62.7	61.6	50.9	25.9	34.5	11.0	42.7
P/CFO	57.8	36.0	31.2	16.9	16.8	57.6	33.6
Total Yield	1.6%	1.6%	2.8%	6.8%	5.0%	9.1%	3.9%
Dividend Yield	0.0%	0.0%	0.8%	3.0%	2.1%	0.0%	0.4%
FCF Yield 3Y Avg	0.8%	1.8%	2.3%	4.5%	4.1%	1.1%	2.0%
D/E	0.0	0.1	0.1	0.2	0.4	0.0	0.1
Net D/E	-0.0	0.1	0.1	0.2	0.3	-0.1	0.1

Returns

	ISRG	BSX	SYK	MDT	BDX	EW	Median
Name	Intuitiv.	Boston S.	Stryker	Medtronic	Becton D.	Edwards .
1M Rtn	-4.7%	1.7%	3.2%	2.4%	-1.7%	1.4%	1.5%
3M Rtn	-11.1%	5.9%	2.4%	7.4%	9.8%	2.8%	4.3%
6M Rtn	-4.4%	9.4%	7.4%	3.7%	-13.5%	14.8%	5.6%
12M Rtn	-7.1%	25.8%	7.1%	7.8%	-16.7%	14.3%	7.4%
3Y Rtn	105.3%	140.1%	73.0%	13.1%	-24.1%	-19.9%	43.0%
1M Excs Rtn	-6.9%	-0.5%	1.0%	0.2%	-3.9%	-0.8%	-0.7%
3M Excs Rtn	-22.1%	-4.4%	-7.1%	-1.5%	1.5%	-6.0%	-5.2%
6M Excs Rtn	-26.0%	-9.4%	-10.3%	-13.0%	-31.5%	-3.8%	-11.6%
12M Excs Rtn	-25.3%	5.8%	-12.3%	-12.9%	-38.4%	-1.7%	-12.6%
3Y Excs Rtn	56.8%	89.8%	29.2%	-47.7%	-88.7%	-81.0%	-9.3%

Comparison Analyses

	Title
0	Intuitive Surgical vs. Edwards Lifesciences: With Return Forecast Of 36%, Intuitive Surgical Is A Better Bet
1	Intuitive Surgical vs. Medtronic: With Return Forecast Of 36%, Intuitive Surgical Is A Better Bet
2	Intuitive Surgical vs. Boston Scientific: With Return Forecast Of 32%-36%, Both Seem Like Good Bets
3	Intuitive Surgical vs. Stryker: With Return Forecast Of 36%, Intuitive Surgical Is A Better Bet
4	Intuitive Surgical vs. Becton Dickinson: With Return Forecast Of 36%, Intuitive Surgical Is A Better Bet
5	Intuitive Surgical vs. MercadoLibre: With Return Forecast Of 42%, MercadoLibre Is A Better Bet
6	Intuitive Surgical vs. Analog Devices: With Return Forecast Of 35%, Intuitive Surgical Is A Better Bet
7	Intuitive Surgical vs. Advanced Micro Devices: With Return Forecast Of 62%, Advanced Micro Devices Is A Better Bet
8	Intuitive Surgical vs. PepsiCo: With Return Forecast Of 42%, Intuitive Surgical Is A Better Bet
9	Intuitive Surgical vs. Palantir Technologies: With Return Forecast Of 42%, Intuitive Surgical Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		1/31/2025	1/31/2024	2/10/2023	2/3/2022	2/10/2021	2/7/2020
Key Financials
Total Revenue	9,145	8,352	7,124	6,222	5,710	4,358	4,478
Ebitda	3,171	2,811	2,189	1,943	2,131	1,326	1,578
Operating Income	2,634	2,349	1,767	1,577	1,821	1,050	1,374
Net Income	2,608	2,323	1,798	1,322	1,705	1,061	1,379
EPS	7.30	6.54	5.12	3.72	4.79	3.02	3.98
Growth Rates
Total Revenue Growth	20.8%	17.2%	14.5%	9.0%	31.0%	-2.7%	20.3%
EBITDA Growth	31.8%	28.4%	12.6%	-8.8%	60.7%	-15.9%	19.3%
Operating Income Growth	34.9%	32.9%	12.0%	-13.4%	73.5%	-23.6%	14.6%
Net Income Growth	24.5%	29.2%	36.0%	-22.4%	60.7%	-23.1%	22.3%
Margins
EBITDA Margin	34.7%	33.7%	30.7%	31.2%	37.3%	30.4%	35.2%
Operating Income Margin	28.8%	28.1%	24.8%	25.3%	31.9%	24.1%	30.7%
Net Income Margin	28.5%	27.8%	25.2%	21.3%	29.9%	24.3%	30.8%
Cash & Debt
Total Cash	5,326	4,013	5,223	4,118	4,231	5,172	3,222
Total Debt	0	0	0	0	87	0	0
Net Debt / (Cash)	-5,326	-4,013	-5,223	-4,118	-4,144	-5,172	-3,222
Cash Flows
Net Cash from Operations	2,826	2,415	1,814	1,491	2,089	1,485	1,598
Free Cash from Operations	1,994	1,304	750	958	1,750	1,143	1,173
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	416	2,607	-0	134	270

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	7/23/2025	4/23/2025	1/31/2025	10/18/2024	7/19/2024	4/19/2024	1/31/2024	10/20/2023	7/24/2023	4/20/2023	2/10/2023	10/21/2022
Key Financials Quarterly
Total Revenue	2,440	2,253	2,414	2,038	2,010	1,891	1,928	1,744	1,756	1,696	1,655	1,557
Ebitda	899	719	860	694	679	579	573	574	560	480	479	489
Operating Income	743	578	735	577	567	469	450	466	463	388	372	399
Net Income	658	698	686	565	527	545	606	416	421	355	325	324
EPS	1.84	1.95	1.92	1.59	1.48	1.54	1.72	1.18	1.20	1.01	0.93	0.91
Key Financials TTM
Total Revenue TTM	9,145	8,715	8,352	7,867	7,572	7,318	7,124	6,851	6,664	6,431	6,222	6,118
Ebitda TTM	3,171	2,951	2,811	2,525	2,406	2,287	2,189	2,094	2,008	1,931	1,943	1,996
Operating Income TTM	2,634	2,458	2,349	2,064	1,953	1,849	1,767	1,689	1,622	1,557	1,577	1,655
Net Income TTM	2,608	2,476	2,323	2,243	2,094	1,988	1,798	1,517	1,425	1,312	1,322	1,378
Growth Rates Quarterly
Total Revenue Growth	21.4%	19.2%	25.2%	16.9%	14.5%	11.5%	16.5%	12.0%	15.4%	14.0%	6.7%	11.0%
EBITDA Growth	32.3%	24.2%	49.9%	20.7%	21.2%	20.5%	19.8%	17.5%	15.9%	-2.4%	-9.9%	-6.8%
Operating Income Growth	31.0%	23.2%	63.2%	23.9%	22.5%	21.1%	20.9%	16.8%	16.5%	-5.0%	-17.3%	-9.9%
Net Income Growth	25.0%	28.2%	13.1%	35.9%	25.2%	53.4%	86.6%	28.3%	36.7%	-2.8%	-14.6%	-14.8%
Margins Quarterly
EBITDA Margin	36.8%	31.9%	35.6%	34.0%	33.8%	30.6%	29.7%	32.9%	31.9%	28.3%	28.9%	31.4%
Operating Income Margin	30.5%	25.7%	30.4%	28.3%	28.2%	24.8%	23.3%	26.7%	26.4%	22.9%	22.5%	25.6%
Net Income Margin	27.0%	31.0%	28.4%	27.7%	26.2%	28.8%	31.4%	23.8%	24.0%	20.9%	19.6%	20.8%
Cash & Debt
Total Cash	5,326	4,511	4,013	4,232	4,757	4,800	5,223	6,476	5,799	4,692	4,118	4,319
Total Debt	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt / (Cash)	-5,326	-4,511	-4,013	-4,232	-4,757	-4,800	-5,223	-6,476	-5,799	-4,692	-4,118	-4,319
Cash Flows Quarterly
FCF from Operations	715	582	823	706	620	265	228	548	666	371	438	383
Cash Flows TTM
FCF from Operations TTM	2,826	2,731	2,415	1,821	1,663	1,708	1,814	2,023	1,858	1,639	1,491	1,621
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	66	-0	-0	350	1,001	1,000
Return on Invested Capital (ROIC) Quarterly
ROIC	48.3%	42.4%	44.5%	37.6%	42.2%	45.9%	53.9%	80.8%	69.6%	42.4%	37.1%	40.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	47.2%	40.1%	36.6%	37.5%	42.3%	43.6%	49.1%	76.5%	60.2%	40.9%	38.5%	43.4%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Instruments and Accessories	4,277	3,518	3,100	2,456	2,408
Systems	1,680	1,680	1,693	1,179	1,346
Services	1,168	1,024	916	724	724
Total	7,124	6,222	5,710	4,358	4,478

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$455.85
Market Cap ($ Bil)	163.4
First Trading Date	06/16/2000
Distance from 52W High	-25.3%
	50 Days	200 Days
DMA Price	$488.78	$525.62
DMA Trend	down	down
Distance from DMA	-6.7%	-13.3%
	3M	1YR
Volatility	24.8%	33.7%
Downside Capture	130.92	127.45
Upside Capture	8.54	97.42
Correlation (SPY)	25.9%	72.1%

ISRG Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.51	0.67	0.80	1.24	1.24	1.21
Up Beta	0.71	0.98	1.67	1.42	1.35	1.35
Down Beta	-0.23	0.01	0.08	1.24	1.17	1.20
Up Capture	43%	-6%	0%	69%	112%	175%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	12	21	30	64	128	405
Down Capture	95%	178%	150%	117%	117%	102%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	9	20	32	61	120	345

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	5,435,064
Short Interest: % Change Since 8152025	9.2%
Average Daily Volume	1,868,221
Days-to-Cover Short Interest	2.91
Basic Shares Quantity	358,500,000
Short % of Basic Shares	1.5%

Returns Analyses

	Title
0	ISRG YTD Stock Return Of 6.7% Outperforms BDX by 30% and Underperforms BSX by -7.6%
1	Will You Be Comfortable Buying Intuitive Surgical Stock?
2	ISRG YTD Stock Return Of -41% Underperforms EW by -5.2% and Underperforms BSX by -35%
3	Intuitive Surgical Stock Return Comparison
4	[10/16/2021] Intuitive Surgical (ISRG) Stock Price Forecast: AI Forecasts ISRG Stock Price To Be Around $335 In A Month (Up 1.1%)
5	Intuitive Surgical Total Shareholder Return (TSR): 27.1% in 2023 and 7.4% 3-yr returns (above peer average)

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
7/22/2025	-1.8%	-2.8%	-6.0%
4/22/2025	1.9%	7.6%	14.3%
1/15/2025	7.7%	13.3%	9.7%
10/17/2024	10.0%	8.0%	11.4%
7/18/2024	9.3%	5.0%	15.1%
4/18/2024	-1.7%	0.1%	7.0%
1/9/2024	10.3%	8.6%	17.1%
10/19/2023	-2.4%	-5.1%	11.6%
...
SUMMARY STATS
# Positive	15	17	18
# Negative	9	7	6
Median Positive	7.0%	4.3%	9.1%
Median Negative	-2.4%	-5.5%	-10.4%
Max Positive	10.9%	22.8%	35.8%
Max Negative	-14.3%	-17.4%	-25.6%

	Forward Returns
7/22/2025	-1.8%	-2.8%	-6.0%
4/22/2025	1.9%	7.6%	14.3%
1/15/2025	7.7%	13.3%	9.7%
10/17/2024	10.0%	8.0%	11.4%
7/18/2024	9.3%	5.0%	15.1%
4/18/2024	-1.7%	0.1%	7.0%
1/9/2024	10.3%	8.6%	17.1%
10/19/2023	-2.4%	-5.1%	11.6%
7/20/2023	-3.2%	-6.9%	-17.8%
4/18/2023	10.9%	9.5%	14.5%
1/11/2023	-4.2%	-5.5%	-10.0%
10/18/2022	9.0%	22.8%	35.8%
7/21/2022	-5.7%	2.6%	0.0%
4/21/2022	-14.3%	-17.4%	-25.6%
1/12/2022	-1.5%	-10.5%	-10.8%
10/19/2021	1.0%	3.7%	7.5%
7/20/2021	-1.1%	2.1%	8.8%
4/20/2021	9.9%	6.2%	0.7%
1/13/2021	2.9%	1.3%	1.3%
10/15/2020	1.6%	-1.1%	1.7%
7/21/2020	3.5%	3.3%	5.1%
4/8/2020	4.2%	4.3%	9.4%
1/9/2020	2.2%	2.1%	-0.1%
10/17/2019	7.0%	3.5%	7.6%
SUMMARY STATS
# Positive	15	17	18
# Negative	9	7	6
Median Positive	7.0%	4.3%	9.1%
Median Negative	-2.4%	-5.5%	-10.4%
Max Positive	10.9%	22.8%	35.8%
Max Negative	-14.3%	-17.4%	-25.6%

SEC Filings

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Report Date	Filing
6302025	10-Q 6/30/2025
3312025	10-Q 3/31/2025
12312024	10-K 12/31/2024
9302024	10-Q 9/30/2024
6302024	10-Q 6/30/2024
3312024	10-Q 3/31/2024
12312023	10-K 12/31/2023
9302023	10-Q 9/30/2023
6302023	10-Q 6/30/2023
3312023	10-Q 3/31/2023
12312022	10-K 12/31/2022
9302022	10-Q 9/30/2022
6302022	10-Q 6/30/2022
3312022	10-Q 3/31/2022
12312021	10-K 12/31/2021
9302021	10-Q 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Brosius Mark	SVP & Chief Mfg and Supply Cha	6062025	Sell	560.70	215	120,551	629,666	Form
1	Brosius Mark	SVP & Chief Mfg and Supply Cha	6042025	Sell	549.06	215	118,048	970,738	Form
2	Brosius Mark	SVP & Chief Mfg and Supply Cha	5162025	Sell	560.00	22	12,320	1,121,680	Form
3	Brosius Mark	SVP & Chief Mfg and Supply Cha	5142025	Sell	551.97	22	12,143	1,142,026	Form
4	LOEB GARY	EVP & Chief Legal and Complian	4252025	Sell	513.18	1,700	872,406	1,152,089	Form

Industry Resources

Health Care Resources

U.S. National Library of Medicine

Health Data Management

FDA Tracker

Health Care Equipment Resources

MedTech Dive

MassDevice

Fierce Medical Devices

Medical Device and Diagnostic Industry

MD+DI

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Intuitive Surgical (ISRG)

Market Price (9/12/2025): $454.0 | Market Cap: $162.8 BilSector: Health Care | Industry: Health Care Equipment

Intuitive Surgical (ISRG)

Market Price (9/12/2025): $454.0Market Cap: $162.8 BilSector: Health CareIndustry: Health Care Equipment

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Market Price (9/12/2025): $454.0 | Market Cap: $162.8 Bil
Sector: Health Care | Industry: Health Care Equipment

Market Price (9/12/2025): $454.0
Market Cap: $162.8 Bil
Sector: Health Care
Industry: Health Care Equipment