Gross margin
66.0% Fiscal year 2025
No rank: too few peers or not computed yet.
Share of revenue left after the direct cost of the products sold.
Intuitive Surgical is a US medical technology company and pioneer of surgical robots. With the da Vinci system, surgeons perform minimally invasive procedures, for example in urology, gynecology and general surgery. Revenue also comes from instruments and service per procedure. As of Oct 11, 2026
Intuitive Surgical offers robotic-assisted systems, instruments and accessories, training and customer service, connected through digital offerings. These include the da Vinci surgical system and Ion for bronchoscopy, for example for biopsy of small lung nodules. A network of field service engineers handles installation, repair, maintenance, round-the-clock technical support and predictive monitoring of the systems. In addition, there are digital services such as the My Intuitive app, the My Intuitive+ subscription and data analytics for hospitals. The systems are used, for example, in gallbladder removal, hernia surgery and colorectal procedures.
Automatically summarized from SEC annual report (10-K, filed Feb 3, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
This method currently detects no pattern for ISRG. The check runs daily after the close.
You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing
What is this? The price closes above the highest high of the last 52 weeks for the first time, on clearly higher volume. New 52-week highs are seen as a sign of strength.
This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
Intuitive Surgical · Sector Health Care · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 3, 2026.
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
66.0% Fiscal year 2025
No rank: too few peers or not computed yet.
Share of revenue left after the direct cost of the products sold.
29.3% Fiscal year 2025
No rank: too few peers or not computed yet.
Operating income divided by revenue: what the core business earns before interest and taxes.
28.4% Fiscal year 2025
No rank: too few peers or not computed yet.
Profit after all costs, interest and taxes divided by revenue.
16.0% Fiscal year 2025
No rank: too few peers or not computed yet.
Net income divided by equity at fiscal year end.
14.0% Fiscal year 2025 (total assets at year end)
No rank: too few peers or not computed yet.
Net income divided by total assets at fiscal year end.
87.1% Fiscal year 2025
No rank: too few peers or not computed yet.
Equity as a share of total assets. Usually low for banks.
+17.4% per year
No rank: too few peers or not computed yet.
Average growth per year over 3 fiscal years.
+18.2% per year
No rank: too few peers or not computed yet.
Average growth per year over 5 fiscal years.
+15.5% per year
No rank: too few peers or not computed yet.
Average growth per year over 10 fiscal years.
+29.2% per year
No rank: too few peers or not computed yet.
Growth of earnings per share per year, adjusted for stock splits.
+21.8% per year
No rank: too few peers or not computed yet.
Growth of earnings per share per year, adjusted for stock splits.
+16.4% per year
No rank: too few peers or not computed yet.
Growth of earnings per share per year, adjusted for stock splits.
5 of 8 Fiscal year 2025
No rank: not all 9 criteria have data.
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
4.87 at fiscal year end
No rank: too few peers or not computed yet.
Current assets divided by current liabilities.
+0.5% in 5 years
No rank: too few peers or not computed yet.
Change in diluted share count. Negative = share buybacks, positive = new shares.
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
No reported values for “Dividend per share” in this interval.
No reported values for “Dividend per share” in this interval.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 10.1B USD · Net income 2.9B USD · Net margin 28.4%
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Of 100 USD of revenue, 66.0 USD gross profit, 29.3 USD operating income and 28.4 USD net income remained.
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 10.1B USD | 100.0% |
| Gross profit | 6.6B USD | 66.0% |
| Cost of revenue | 3.4B USD | 34.0% |
| Operating income | 2.9B USD | 29.3% |
| Research & development | 1.3B USD | 13.0% |
| Other operating expenses | 2.4B USD | 23.7% |
| Net income | 2.9B USD | 28.4% |
| Taxes, interest & other | 89.5M USD | 0.9% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
The operating margin rose in 5 years from 24.1% to 29.3%.
Gross marginOperating marginNet marginReturn on equity rose in 5 years from 10.9% to 16.0%.
Return on equityReturn on assetsThe equity ratio stayed roughly the same in 5 years (87.1%).
Equity in USD Long-term debt, depending on the filing, includes the current portion or leases.The current ratio fell in 5 years from 6.86 to 4.87.
Current ratioOperating cash flow rose in 5 years from 1.5B USD to 3.0B USD.
Operating cash flow in USDThe share count stayed roughly the same in 5 years.
Diluted share countFrom annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 63 symbols in the Health Care sector on our list (current members of the S&P 500 and other lists).
+18.2% per year, last 5 years
Sector Health Care: median +7.8% (60 symbols)
What does this mean? Revenue: over 5 years it grew by 18.2% per year on average – at least as fast as the median company in the sector (+7.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
+21.9% per year, last 5 years
Sector Health Care: median +7.5% (46 symbols)
per share: +21.8% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 21.9% per year on average – at least as fast as the median company in the sector (+7.5%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
28.4% last fiscal year
Sector Health Care: median 12.9% (63 symbols)
What does this mean? Of every 100 USD in revenue, 28.38 USD remained as profit – at least as much as the median company in the sector (12.9%). Five years ago the margin was 24.3%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
– latest balance sheet
Sector Health Care: median 0.66 (40 symbols)
What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
– Dividend / earnings per share
Sector Health Care: median 28% (31 symbols)
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
10 of 10 fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 10.1B | 2.9B | 28.4% | 7.87 | – | – |
| 2024 | Dec 31, 2024 | 8.4B | 2.3B | 27.8% | 6.42 | – | – |
| 2023 | Dec 31, 2023 | 7.1B | 1.8B | 25.2% | 5.03 | – | – |
| 2022 | Dec 31, 2022 | 6.2B | 1.3B | 21.3% | 3.65 | – | – |
| 2021 | Dec 31, 2021 | 5.7B | 1.7B | 29.9% | 4.66 | – | – |
| 2020 | Dec 31, 2020 | 4.4B | 1.1B | 24.3% | 2.94 | – | – |
| 2019 | Dec 31, 2019 | 4.5B | 1.4B | 30.8% | 3.85 | – | – |
| 2018 | Dec 31, 2018 | 3.7B | 1.1B | 30.3% | 3.16 | – | – |
| 2017 | Dec 31, 2017 | 3.1B | 660.0M | 21.0% | 1.89 | – | – |
| 2016 | Dec 31, 2016 | 2.7B | 735.9M | 27.2% | 2.08 | – | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q3/26 | Sep 30, 2026 | 3.0B | 522.8M | 17.1% | 1.49 | – | – |
| Q2/26 | Jun 30, 2026 | 2.9B | 818.1M | 28.3% | 2.29 | – | – |
| Q1/26 | Mar 31, 2026 | 2.8B | 821.5M | 29.6% | 2.28 | – | – |
| Q4/25* | Dec 31, 2025 | 2.9B | 794.8M | 27.7% | – | – | – |
| Q3/25 | Sep 30, 2025 | 2.5B | 704.4M | 28.1% | 1.95 | – | – |
| Q2/25 | Jun 30, 2025 | 2.4B | 658.4M | 27.0% | 1.81 | – | – |
| Q1/25 | Mar 31, 2025 | 2.3B | 698.4M | 31.0% | 1.92 | – | – |
| Q4/24* | Dec 31, 2024 | 2.4B | 685.7M | 28.4% | – | – | – |
| Q3/24 | Sep 30, 2024 | 2.0B | 565.1M | 27.7% | 1.56 | – | – |
| Q2/24 | Jun 30, 2024 | 2.0B | 526.9M | 26.2% | 1.46 | – | – |
| Q1/24 | Mar 31, 2024 | 1.9B | 544.9M | 28.8% | 1.51 | – | – |
| Q4/23* | Dec 31, 2023 | 1.9B | 606.2M | 31.4% | – | – | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Per-share values adjusted for stock split Stock splitA company divides each share into several new ones; the value of the company stays the same. We convert per-share values from before the split to today’s scale.Example: Split 4 : 1, earnings per share before $11.89 → comparable today $2.97.More in the Academy: Lesson revenue, profit and margin 3:1 (between Jul 21, 2017 and Oct 20, 2017), 3:1 (between Jul 21, 2021 and Oct 20, 2021). Quarters are labeled by the calendar quarter in which they end.
| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $16.9M7 people | −$16.9M |
| 6 months | $00 people | $20.0M8 people | −$20.0M |
| 12 months | $00 people | $70.9M11 people | −$70.9M |
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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