Intuitive Surgical, Inc. (ISRG)

NASDAQ: ISRG · Real-Time Price · USD

451.63

-0.66 (-0.15%)

At close: Oct 26, 2026, 4:00 PM EDT

450.22

-1.41 (-0.31%)

After-hours: Oct 26, 2026, 4:27 PM EDT

Intuitive Surgical Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	11,578	10,065	8,352	7,124	6,222	5,710
Revenue Growth	20.45%	20.51%	17.24%	14.49%	8.97%	31.01%
Gross Profit	7,716	6,642	5,634	4,730	4,196	3,959
Operating Income	3,670	2,946	2,349	1,767	1,605	1,821
Net Income	2,957	2,856	2,323	1,798	1,322	1,705
Earnings Per Share	8.27	7.87	6.42	5.03	3.65	4.66
EPS Growth	9.47%	22.59%	27.63%	37.81%	-21.67%	58.50%

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Instruments & Accessories	6,877	6,019	5,079	4,277	3,518	3,101
Systems	2,891	2,474	1,966	1,680	1,680	1,693
Services	1,810	1,572	1,307	1,168	1,024	916.2
Revenue (Total)	11,578	10,065	8,352	7,124	6,222	5,710

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	4,043	5,935	4,013	5,223	4,118	4,231
Total Debt	-	170.9	146	89.8	93.8	87
Net Cash (Debt)	4,043	5,764	3,867	5,133	4,024	4,144
Net Cash Growth	-17.65%	49.05%	-24.66%	27.57%	-2.89%	-18.61%
Net Cash Per Share	11.32	15.89	10.68	14.36	11.12	11.33

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	4,090	3,031	2,415	1,814	1,491	2,089
Capital Expenditures	-491.5	-539.8	-1,111	-1,064	-532.4	-339.5
Free Cash Flow	3,598	2,491	1,304	749.6	958.4	1,750
Free Cash Flow Growth	58.41%	91.03%	73.93%	-21.79%	-45.23%	53.06%

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	66.64%	66.00%	67.46%	66.39%	67.44%	69.33%
Operating Margin	31.70%	29.27%	28.12%	24.80%	25.80%	31.89%
Pretax Margin	31.26%	32.90%	32.01%	27.50%	25.82%	33.10%
Profit Margin	25.54%	28.38%	27.81%	25.24%	21.25%	29.85%
FCF Margin	31.08%	24.75%	15.61%	10.52%	15.40%	30.65%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 26, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	54.59	70.30	80.05	66.06	70.92	75.30
Forward PE	37.49	60.98	69.43	54.48	50.89	67.86
P/FCF Ratio	43.74	80.61	142.59	158.45	97.84	73.35
PS Ratio	13.59	19.95	22.26	16.67	15.07	22.48