Intuitive Surgical, Inc.

ISRG Healthcare Medical Instruments & Supplies

Intuitive Surgical, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $10.1 billion, up 20.5% from fiscal 2024. In the quarter to June 2026, revenue grew 18.5%, EPS grew 25.5% and free cash flow grew 69.3%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for five consecutive years, operating cash flow growth for three.

426.70 1.16 −0.27%
Market cap
$151.2B
P/E
48.3×
Fwd P/E
46.4×
Dividend yield
—
F-score
7/9
Altman Z
50.09
Beneish M
−2.43
Dividend safety
n/a

Intuitive Surgical, Inc. (ISRG) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Intuitive Surgical, Inc. (ISRG) trades at a price to free cash flow of 46.2×. Over the past ten years it has ranged from 23.3× (January 2017) to 418× (September 2024); the current reading is higher than 29% of that period. That is above the Medical Instruments & Supplies industry median of 25.2× and above the Healthcare sector median of 20.2×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 81.2× (42.93%)
FY2024 142× (8.30%)
FY2023 155× 57.29%
FY2022 98.6× 34.83%
FY2021 73.1× (12.69%)
FY2020 83.7× 43.95%
FY2019 58.2× 4.94%
FY2018 55.4× 26.08%
FY2017 44.0× 84.81%
FY2016 23.8× (14.84%)

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 43.1× (24.15%)
Mar 2026 56.8× (30.01%)
Dec 2025 81.2× 15.58%
Sep 2025 70.2× (28.12%)
42 more quarters

Against its own ten years

Low 23.3× High 418×
Ten-year median 60.5×
Current reading's percentile 29

Price to free cash flow against peers

Company Price to free cash flow
SOLV Solventum Corporation compare n/m
MDLN Medline Inc. compare 13.4×
BAX Baxter International Inc. compare 16.1×
BDX Becton, Dickinson and Company compare 16.5×
ALC Alcon compare 20.2×
RMD ResMed Inc. compare 21.4×
ISRG Intuitive Surgical, Inc. 46.2×
WST West Pharmaceutical Services, Inc. compare 62.6×
RGEN Repligen Corporation compare 162×
Medical Instruments & Supplies industry median 25.2×
Healthcare sector median 20.2×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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