Intuitive Surgical, Inc. logo ISRG - Intuitive Surgical, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 38
HOLD 12
SELL 5
STRONG
SELL
0
| PRICE TARGET: $622.60 DETAILS
HIGH: $750.00
LOW: $525.00
MEDIAN: $618.00
CONSENSUS: $622.60
UPSIDE: 42.90%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue
Revenue 10,064.7 8,352.1 7,124.1 6,222.2 5,710.1 4,358.4 4,478.5 3,724.2 3,128.9 2,704.4 2,384.4 2,131.7 2,265.1 2,178.8 1,757.3 1,413 1,052.2 874.9 600.8 372.7 227.3 138.8 91.7 72.0 51.7 26.6 10.2 0
Cost of Revenue 3,422.4 2,717.9 2,394.6 2,026.2 1,751.6 1,497.2 1,368.3 1,120.1 934.8 814.3 806.5 717.9 670.9 608.5 483.5 383 301.1 254.1 186.5 124.8 73.8 50.8 47.6 34.6 28.2 13.3 7.0 0
Gross Profit 6,642.3 5,634.2 4,729.5 4,196 3,958.5 2,861.2 3,110.2 2,604.1 2,194.1 1,890.1 1,577.9 1,413.8 1,594.2 1,570.3 1,273.8 1,030 751.1 620.8 414.3 247.8 153.6 88.0 44.0 37.4 23.5 13.3 3.2 0
Operating Expenses
R&D Expenses 1,311.8 1,145.3 998.8 879 671 595.1 557.3 418.1 328.6 239.6 197.4 178 167.7 170 140.2 116 95.1 79.4 48.9 29.8 17.4 17.8 16.2 16.8 13.9 11.7 11.1 23.2
SG&A Expenses 2,385 2,140 1,963.9 1,739.9 1,466.5 1,216.3 1,178.4 986.6 810.9 705.3 640.5 691 574 522.2 438.8 358.8 278.5 230.6 158.7 110.7 67.4 49.0 39.7 40.9 30.0 19.1 9.3 7.6
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.8 11.6 0
Operating Expenses 3,696.8 3,285.3 2,962.7 2,618.9 2,137.5 1,811.4 1,735.7 1,404.7 1,139.5 944.9 837.9 869 741.7 692.2 579 474.8 373.6 309.9 207.5 140.5 84.8 66.8 55.9 57.7 43.8 35.6 22.7 30.8
Operating Income
Operating Income 2,945.5 2,348.9 1,766.8 1,577.1 1,821 1,049.8 1,374.5 1,199.4 1,054.6 945.2 740 544.8 852.5 878.1 694.8 555.2 377.4 310.8 206.7 107.4 68.8 21.2 (11.9) (20.2) (20.4) (22.3) (19.5) (30.8)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 15.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 365.9 324.9 192.1 29.7 69.3 157.2 127.7 80.1 41.9 35.6 18.5 13.9 18.4 0 14.9 16.6 18.7 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 3,622.6 2,810.9 2,169 1,942.9 2,131.2 1,326 1,577.5 1,322.2 1,157.9 1,050.7 829.5 623.4 919.8 935.9 741.3 595.6 412 335.9 219.8 142.6 75.5 28.3 (1.3) (15.7) (15.7) (17.5) (17.3) (30.8)
EBIT 2,945.5 2,348.9 1,766.8 1,577.1 1,821 1,049.8 1,374.5 1,199.4 1,062.9 949.7 740 544.8 852.5 878.1 694.8 555.2 377.4 310.8 206.7 107.4 68.8 21.2 (11.9) (20.2) (20.4) (22.3) (19.5) 0
Income Before Tax 3,311.4 2,673.8 1,958.9 1,606.8 1,890.3 1,207 1,502.2 1,279.5 1,096.5 980.8 758.5 549 870.9 893.9 709.7 572.3 396.1 335.2 237.2 120.1 73.8 24.2 (9.6) (18.4) (20.3) (22.4) 0 0
Income Tax Expense 434.8 336.3 141.6 262.4 162.2 140.2 120.4 154.5 436.5 244.9 169.7 130.2 199.9 237.3 214.6 190.5 163.5 130.9 92.7 48.1 (20.3) 0.7 0 0 (3.7) (3.8) (1.1) 29.4
Net Income 2,856 2,322.6 1,798 1,322.3 1,704.6 1,060.6 1,379.3 1,127.9 660 735.9 588.8 418.8 671 656.6 495.1 381.8 232.6 204.3 144.5 72.0 94.1 23.5 (9.6) (18.4) (16.7) (18.5) (18.4) (29.4)
Per Share Data
EPS (Basic) 8.00 6.54 5.12 3.72 4.79 3.02 3.98 3.31 1.97 2.13 1.76 1.26 1.86 1.83 1.40 1.08 0.67 0.58 0.42 0.22 0.30 0.08 -0.05 -0.11 -0.10 -0.17 -0.85 -1.81
EPS (Diluted) 7.87 6.42 5.03 3.65 4.66 2.94 3.85 3.16 1.89 2.08 1.73 1.23 1.86 1.78 1.37 1.05 0.66 0.57 0.41 0.21 0.28 0.07 -0.05 -0.11 -0.10 -0.17 -0.85 -1.81
Shares Outstanding 356.9 355.2 351.2 355.7 356.1 351.0 346.2 341.1 335.1 344.7 333.9 332.1 361.0 358.2 352.8 352.8 344.7 349.9 340.5 330.6 315.6 303.2 212.6 164.1 161.2 107.1 21.8 16.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998
Current Assets
Cash & Cash Equivalents 3,368 2,027.4 2,750.1 1,581.2 1,290.9 1,622.6 1,167.6 857.9 3,846.5 4,837.9 1,172.0 194.6 5.8 11.3 17.6 10.5 22.7 4.1 0
Short-Term Investments 2,566.9 1,985.9 2,473.1 2,541 2,940 3,548.9 2,054.1 2,205.2 0 0 0 256.7 126.3 101.6 33.2 56.2 66.8 22.2 0
Net Receivables 1,628.2 1,356.8 1,267.5 1,073.3 893 726.6 708.3 682.3 507.9 430.2 205.4 170.1 35.4 26.8 16.9 13.2 6.4 2.0 0
Inventory 1,840 1,487.2 1,220.6 893.2 587.1 601.5 595.5 409 241.2 182.3 57.6 63.5 6.0 8.8 8.7 6.2 6.1 2.9 0
Other Current Assets 376.4 253.7 176.7 6.1 129.6 0 0 137.4 2.1 41.6 28.2 19.0 0.2 0.2 0 0 0 0.6 0
Total Current Assets 9,779.5 7,111 7,888 6,253 5,844.9 6,625.9 4,662.6 4,333.2 4,686.9 5,450.4 1,435.0 703.9 176.7 151.9 78.6 89.2 103.7 31.7 0
Non-Current Assets
Property, Plant & Equipment 5,342.4 4,783 3,537.6 2,374.2 1,876.4 1,577.3 1,272.9 812 613.1 458.4 125.7 117.0 27.1 10.3 10.4 7.8 4.7 2.7 0
Goodwill 370.3 347.5 348.7 348.5 343.6 336.7 307.2 240.6 201.1 201.1 110.7 110.7 143.3 0 0 0 0 0 0
Intangible Assets 11.1 23 39.1 49.8 70.5 77.4 112.1 66.7 26 31.5 56.2 56.2 6.2 151.2 2.6 3.3 0 0 0
Long-Term Investments 3,298.5 5,064.6 2,120 2,623.6 4,415.5 1,757.7 2,623.5 1,771.3 1,885.9 2,283.3 616.5 451 0 0 0 0 0 0 0
Other Non-Current Assets 810.8 369.0 597.6 660.3 562.7 426.2 329.3 194.3 (1,716.3) (2,057.2) (539.0) (0.1) 0.9 1.6 0 0 4.1 0 0
Total Non-Current Assets 10,851.7 11,727.6 7,553.5 6,721 7,710.1 4,543 5,070.6 3,513.5 1,071.1 1,036.5 374.8 770.7 177.5 163.0 13.0 11.1 8.8 2.7 0
Total Assets 20,631.2 18,838.6 15,441.5 12,974 13,555 11,168.9 9,733.2 7,846.7 5,758 6,486.9 1,809.7 1,474.6 354.2 315.0 91.6 100.4 112.4 34.5 28.2
Current Liabilities
Account Payables 255.1 193.4 188.7 147 121.2 81.6 123.5 100.7 82.5 68.5 27.6 20.5 4.5 5.9 9.3 8.3 7.1 2.7 0
Short-Term Debt 39 33.5 0 0 0 0 0 0 0 0 0 0 0.6 1.0 1.5 1.6 2.0 1.6 0
Deferred Revenue 506.7 468.8 446.1 397.3 377.2 350.3 337.8 294.3 302.8 249.9 100.5 78.0 15.4 11.3 4.8 3.9 0 0 0
Other Current Liabilities 609.4 359.6 436.4 401.6 362.1 245.4 287.3 198.4 230.7 110.6 95.7 29.1 7.6 0 0 0 3.6 5.4 0
Total Current Liabilities 2,006.2 1,745.3 1,658.7 1,422.1 1,149.8 965.2 1,030.2 820.6 1,031.2 709.1 272.4 164.5 38.4 34.2 26.1 21.3 19.8 9.7 0
Non-Current Liabilities
Long-Term Debt 131.9 0 0 0 0 0 0 0 0 0 0 0 0 0.7 1.8 0.8 1.9 2.5 2.4
Deferred Tax Liabilities 172.5 95.4 0 0 0 0 0 0 0 0 53.3 35.9 0 0 0 0 0 0 0
Other Non-Current Liabilities 155.6 301.7 339.9 398.3 329.9 412.5 390.9 305.6 308.8 112.6 15.3 42.1 0.4 1.1 0 0 0 0 (2.4)
Total Non-Current Liabilities 683.3 563.7 385.5 439.3 453.7 444.6 418.3 338.6 327.1 112.6 69.7 43.3 0.9 1.8 1.8 0.8 1.9 2.5 2.4
Total Liabilities 2,689.5 2,309 2,044.2 1,861.4 1,603.5 1,409.8 1,448.5 1,159.2 1,031.2 709.1 272.4 207.9 39.3 36.0 27.9 22.1 21.7 12.2 2.4
Stockholders' Equity
Common Stock 0.4 0.4 0.4 0.4 0.4 0.1 0.1 0.1 0.1 0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0
Retained Earnings 7,011.8 6,803.3 4,743 3,500.1 4,760.9 3,261.3 2,494.5 1,521.7 61.4 1,574.9 511.7 397.8 (114.9) (138.4) (128.8) (110.4) (93.7) (75.1) (56.7)
Accumulated Other Comprehensive Income 43.3 (51.3) (12.2) (162.5) (24.2) 24.9 12.4 (13.3) (15.5) (8.9) 1.3 (2.9) (0.4) 0.8 1.4 (0.3) (2.3) (1.2) 0
Total Stockholders' Equity 17,824 16,433.7 13,307.6 11,041.9 11,951.5 9,759.1 8,284.7 6,678.8 4,726.8 5,777.8 1,537.3 1,266.8 314.9 279.0 63.7 78.3 90.7 22.2 20.6
Total Liabilities & Equity 20,631.2 18,838.6 15,441.5 12,974 13,555 11,168.9 9,733.2 7,846.7 5,758 6,486.9 1,809.7 1,474.6 354.2 315.0 91.6 100.4 112.4 34.5 28.2
Debt Metrics
Total Debt 302.8 146 0 0 87 0 76.4 0 0 0 0 0 0.6 1.7 3.3 2.4 3.9 4.1 2.4
Net Debt (3,065.2) (1,881.4) (2,750.1) (1,581.2) (1,203.9) (1,622.6) (1,091.2) (857.9) (3,846.5) (4,837.9) (1,172.0) (194.6) (5.2) (9.6) (14.3) (8.1) (18.8) 0.0 2.4
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999
Operating Activities
Net Income 2,876.6 2,337.5 1,817.3 1,344.4 1,728.1 1,066.8 1,381.8 1,125 660 735.9 94.1 23.5 (9.6) (18.4) (16.7) (18.5) (18.4)
Depreciation & Amortization 677.1 462 435.2 365.8 310.2 276.2 203 122.8 99.1 92.1 6.7 7.1 10.6 4.5 4.7 4.8 2.2
Stock-Based Compensation 788.2 676.8 598.2 513.2 449.2 395.4 335.8 261.2 209.1 177.6 4.8 0 0.7 2.6 0 0 0
Change in Working Capital (1,272.3) (919.3) (777.6) (619.1) (368.1) (273.2) (321.5) (383.7) 91.6 (3) (9.8) (0.6) (9.8) (0.3) (6.5) 1.0 0.1
Other Non-Cash Items (58.2) (6.7) 21.5 71.8 32.6 (38) 7.1 12.4 21.2 21.6 15.7 0.3 0.9 0.1 (0.1) 0 0.1
Operating Cash Flow 3,030.5 2,415 1,813.8 1,490.8 2,089.4 1,484.8 1,598.2 1,169.6 1,143.9 1,042.9 70.8 30.3 (7.9) (14.1) (18.6) (12.8) (15.9)
Investing Activities
Capital Expenditure (539.8) (1,111.2) (1,064.2) (532.4) (353.5) (341.5) (425.6) (187.4) (190.7) (53.9) (30.1) (22.4) (2.5) (5.8) (5.5) (3.6) (0.9)
Acquisitions (13.9) (1) (8.9) (12.8) (8.7) (37.7) (59.7) (87.9) 190.7 53.9 0.0 0 (8.5) (0.0) 0 0 0
Purchases of Investments (1,215.9) (5,139.6) (2,207.4) (1,399.5) (6,452) (4,292.9) (3,346.2) (2,581.9) (1,995) (2,585.5) (220.5) (121.9) (91.6) (14.5) (59.9) (70.1) (38.3)
Sales/Maturities of Investments 2,435.4 2,979 2,920.4 3,315.5 4,352.7 3,731.5 2,677.1 1,807.6 2,564.4 1,360 148.4 95.9 31.1 38.5 71.0 25.8 28.9
Other Investing Activities 0 0 0 0 0 0 0 (774.3) (190.7) (53.9) (1.2) 0.3 0.3 0.1 0.0 (3) 0
Investing Cash Flow 665.8 (3,272.8) (360.1) 1,370.8 (2,461.5) (940.6) (1,154.4) (1,049.6) 378.7 (1,279.4) (103.3) (48.2) (71.2) 18.2 5.6 (50.8) (10.3)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 (0.6) (1.1) (1.6) 0.9 (1.5) (0.3) 0.8
Stock Repurchased (2,295.3) 0 (416.3) (2,607.4) 0 (134.3) (269.5) 0 (2,274) (42.5) (0.1) 0 (0.0) (0.0) (0.1) (0.0) (0.0)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (419.1) (278.5) 128.7 (198.7) (233.5) (260.2) 101.1 (110.3) (54.6) 20.1 0 0 0 0 0 0 0
Financing Cash Flow (2,364.1) 150.9 (287.6) (2,572.3) 43 (85.7) (168.4) 126.3 (1,913.1) 558.5 32.3 12.1 82.3 3.0 0.8 82.2 20.2
Cash Position
Net Change in Cash 1,345 (707.7) 1,169.4 294.7 (332.5) 455.9 273.2 246.2 (388.4) 322 (0.3) (5.6) 3.3 7.1 (12.2) 18.6 (6.1)
Cash at Beginning 2,062.4 2,770.1 1,600.7 1,306 1,638.5 1,182.6 909.4 663.2 1,036.6 714.6 5.8 11.3 8.1 10.5 22.7 4.1 10.2
Cash at End 3,407.4 2,062.4 2,770.1 1,600.7 1,306 1,638.5 1,182.6 909.4 648.2 1,036.6 5.5 5.8 11.3 17.6 10.5 22.7 4.1
Free Cash Flow 2,490.7 1,303.8 749.6 958.4 1,735.9 1,143.3 1,172.6 982.2 953.2 989 40.7 7.9 (10.4) (19.9) (24.1) (16.4) (16.9)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Income Statement
Revenue 10,064.7 8,352.1 7,124.1 6,222.2 5,710.1 4,358.4 4,478.5 3,724.2 3,128.9 2,704.4 2,384.4 2,131.7 2,265.1 2,178.8 1,757.3 1,413 1,052.2 874.9 600.8 372.7 227.3 138.8 91.7 72.0 51.7 26.6 10.2 0
Gross Profit 6,642.3 5,634.2 4,729.5 4,196 3,958.5 2,861.2 3,110.2 2,604.1 2,194.1 1,890.1 1,577.9 1,413.8 1,594.2 1,570.3 1,273.8 1,030 751.1 620.8 414.3 247.8 153.6 88.0 44.0 37.4 23.5 13.3 3.2 0
Operating Income 2,945.5 2,348.9 1,766.8 1,577.1 1,821 1,049.8 1,374.5 1,199.4 1,054.6 945.2 740 544.8 852.5 878.1 694.8 555.2 377.4 310.8 206.7 107.4 68.8 21.2 (11.9) (20.2) (20.4) (22.3) (19.5) (30.8)
Net Income 2,856 2,322.6 1,798 1,322.3 1,704.6 1,060.6 1,379.3 1,127.9 660 735.9 588.8 418.8 671 656.6 495.1 381.8 232.6 204.3 144.5 72.0 94.1 23.5 (9.6) (18.4) (16.7) (18.5) (18.4) (29.4)
EPS (Diluted) 7.87 6.42 5.03 3.65 4.66 2.94 3.85 3.16 1.89 2.08 1.73 1.23 1.86 1.78 1.37 1.05 0.66 0.57 0.41 0.21 0.28 0.07 -0.05 -0.11 -0.10 -0.17 -0.85 -1.81
Balance Sheet
Cash & Equivalents 3,368 2,027.4 2,750.1 1,581.2 1,290.9 1,622.6 1,167.6 857.9 3,846.5 4,837.9 1,172.0 194.6 5.8 11.3 17.6 10.5 22.7 4.1 0
Total Assets 20,631.2 18,838.6 15,441.5 12,974 13,555 11,168.9 9,733.2 7,846.7 5,758 6,486.9 1,809.7 1,474.6 354.2 315.0 91.6 100.4 112.4 34.5 28.2
Total Debt 302.8 146 0 0 87 0 76.4 0 0 0 0 0 0.6 1.7 3.3 2.4 3.9 4.1 2.4
Stockholders' Equity 17,824 16,433.7 13,307.6 11,041.9 11,951.5 9,759.1 8,284.7 6,678.8 4,726.8 5,777.8 1,537.3 1,266.8 314.9 279.0 63.7 78.3 90.7 22.2 20.6
Cash Flow
Operating Cash Flow 3,030.5 2,415 1,813.8 1,490.8 2,089.4 1,484.8 1,598.2 1,169.6 1,143.9 1,042.9 70.8 30.3 (7.9) (14.1) (18.6) (12.8) (15.9)
Capital Expenditure (539.8) (1,111.2) (1,064.2) (532.4) (353.5) (341.5) (425.6) (187.4) (190.7) (53.9) (30.1) (22.4) (2.5) (5.8) (5.5) (3.6) (0.9)
Free Cash Flow 2,490.7 1,303.8 749.6 958.4 1,735.9 1,143.3 1,172.6 982.2 953.2 989 40.7 7.9 (10.4) (19.9) (24.1) (16.4) (16.9)