Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Intuitive Surgical Inc

ISRG · Nasdaq · Healthcare

Fundamental quality

ATTRACTIVE

89

out of 100

Intuitive Surgical Inc grows profitably: it increases revenue at double digits (18.4% a year) without giving up profitability (net margin 28.4%). On fundamental quality it scores 89 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Intuitive Surgical makes the da Vinci surgical robot, the leader in minimally invasive surgery. Its business isn't so much selling the machine as selling it and, above all, the single-use instruments and accessories the hospital buys for every operation over many years.

What will shape its future

  • Its recurring 'razor-and-blades' model: each installed robot generates consumable sales operation after operation.
  • The number of surgical procedures performed with its systems, its real growth engine.
  • Competition arriving from other medical giants and the expiry of some of its patents.

Breakdown by area

I.Growth
84

EPS growth: 21.8% · Revenue growth: 18.4%

II.Profitability
87

Net margin: 28.4% · ROE: 17.3% · ROIC: 18.6%

III.Financial health
95

Net debt/EBITDA: -0.68x · FCF: 29.2%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

Versus its sector

Percentile against the other 57 Healthcare companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 95%
ROEbeats 57%
Growthbeats 86%
Cash generationbeats 93%
Less debtbeats 89%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Intuitive Surgical Inc strengths

  • Excellent free-cash-flow generation (FCF margin of 29.2%): profit turns into real cash.
  • High gross margin (66.7%), pointing to pricing power.
  • Exceptional net margin (28.4%), high even for its sector: the business is clearly profitable.
  • Revenue growing (18.4% annualized).

Intuitive Surgical Inc risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Intuitive Surgical Inc historical evolution

YearRevenueNet incomeFree cash flowNet debt
20204,3581,0611,143-1,623
20215,7101,7051,750-1,291
20226,2221,322958-1,581
20237,1241,798750-2,750
20248,3522,3231,304-2,027
202510,0652,8562,491-3,368

Between 2020 and 2025, revenue went from $4,358M to $10,065M (+131%) and net income went from $1,061M to $2,856M (+169%). Meanwhile, its margins have widened (from 24% to 28%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+20.7%
  • Net income+20.8%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • FCF margin26.8%29.2%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

Advertising

Want to invest in Intuitive Surgical Inc?

Open your account in minutes with regulated brokers and buy U.S. and European stocks from small amounts. No paperwork.

Interactive BrokersGlobal markets

The serious investor's standard

Open free account →
WebullCommission-free

Popular in the U.S.

Open free account →

Investing carries risk of loss.

Is Intuitive Surgical Inc cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Intuitive Surgical Inc a good company to invest in?

In terms of business quality, Intuitive Surgical Inc scores 89 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Intuitive Surgical Inc a profitable company?

Very. Intuitive Surgical Inc shows a net margin of 28.4% and an ROE of 17.3%, typical of a highly profitable business.

Does Intuitive Surgical Inc have a lot of debt?

No. Intuitive Surgical Inc has a net cash position: more cash than debt.

Is Intuitive Surgical Inc growing?

Its revenue has grown 18.4% annualized in recent years and its earnings per share 21.8%, and without interruption since 2020.

Does Intuitive Surgical Inc generate cash?

Yes. It converts about 29.2% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Was this page helpful?