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INTUITIVE SURGICAL INC ISRG

Nasdaq · stock · Orthopedic, Prosthetic & Surgical Appliances & Supplies · website · IPO 2000-06-13 · LEI

INTUITIVE SURGICAL INC statistics & valuation

Market cap$143.3B
P / E50.2×
P / S14.2×
P / B8.0×
Net margin28.4%
Return on equity15.9%
Return on capital16%
Graham number -76.7%$93.59

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($93.59); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
27.30% 21.40% 30.30% 30.80% 24.30% 29.90% 21.30% 25.20% 27.80% 28.40% 2016201720182019202020212022202320242025
Gross margin (%)
69.90% 70.20% 69.90% 69.40% 65.60% 69.30% 67.40% 66.40% 67.50% 66.00% 2016201720182019202020212022202320242025
Operating margin (%)
35.10% 33.90% 32.20% 30.70% 24.10% 31.90% 25.30% 24.80% 28.10% 29.30% 2016201720182019202020212022202320242025
Return on equity (%)
12.70% 14.00% 16.90% 16.60% 10.90% 14.30% 11.90% 13.40% 14.10% 15.90% 2016201720182019202020212022202320242025
Shares outstanding
353.7M 348.9M 356.4M 358.4M 361.0M 365.8M 362.0M 357.4M 362.0M 362.7M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
11.40% 11.60% 14.40% 14.20% 9.50% 12.60% 10.20% 11.60% 12.40% 14.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$2.09 $1.92 $3.16 $3.85 $2.94 $4.66 $3.65 $5.03 $6.42 $7.87 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

INTUITIVE SURGICAL INC trades at about 51× earnings — below its 10-year norm (10-year range 36.9×–89.1×, median 67.3×).

36.9× 89.1×

Shaded band = 10-year range (36.9×–89.1×); dot = today's 51×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin66.0%67.5%66.4%67.4%69.3%65.6%69.4%69.9%70.2%69.9%
Operating margin29.3%28.1%24.8%25.3%31.9%24.1%30.7%32.2%33.9%35.1%
Net margin28.4%27.8%25.2%21.3%29.9%24.3%30.8%30.3%21.4%27.3%
Return on assets14.0%12.4%11.6%10.2%12.6%9.5%14.2%14.4%11.6%11.4%
Return on equity15.9%14.1%13.4%11.9%14.3%10.9%16.6%16.9%14.0%12.7%
Current ratio4.874.074.764.405.086.864.535.284.245.45

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.