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.

Revenue
+21.7%
EPS
−24.2%
Free cash flow
+51.0%

Quarter to September 2026, against a year earlier

465.68 16.42 −3.41%
Market cap
$162.4B
P/E
55.7×
Fwd P/E
49.8×
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 5 November 2026, Intuitive Surgical, Inc. (ISRG) trades at a price to free cash flow of 44.6×. Over the past ten years it has ranged from 23.3× (January 2017) to 418× (September 2024); the current reading is higher than 28% of that period. That is above the Medical Instruments & Supplies industry median of 23.5× and above the Healthcare sector median of 21.1×.

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
Sep 2026 38.9× (9.60%)
Jun 2026 43.1× (24.15%)
Mar 2026 56.8× (30.01%)
Dec 2025 81.2× 15.58%
43 more quarters

Against its own ten years

Low 23.3× High 418×
Ten-year median 60.5×
Current reading's percentile 28

Price to free cash flow against peers

Company Price to free cash flow
SOLV Solventum Corporation compare n/m
MDLN Medline Inc. compare 11.3×
BAX Baxter International Inc. compare 11.6×
COO The Cooper Companies, Inc. compare 18.1×
BDX Becton, Dickinson and Company compare 18.3×
RMD ResMed Inc. compare 21.5×
ALC Alcon compare 23.3×
ISRG Intuitive Surgical, Inc. 44.6×
WST West Pharmaceutical Services, Inc. compare 61.5×
Medical Instruments & Supplies industry median 23.5×
Healthcare sector median 21.1×
Market median 14.1×

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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