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.
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Intuitive Surgical, Inc. (ISRG) Return on invested capital
Intuitive Surgical, Inc.'s return on invested capital over the twelve months to 30 June 2026 was 16.5%, up 1.2 percentage points from fiscal 2025 (15.3%). Over the past ten years it has ranged from 11.7% (fiscal 2024) to 23.6% (fiscal 2017); the current reading is higher than 55% of that period. That is above the Medical Instruments & Supplies industry median of 0.00% and above the Healthcare sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 15.3% | 3.60 |
| FY2024 | 11.7% | (1.78) |
| FY2023 | 13.5% | (0.58) |
| FY2022 | 14.1% | (0.60) |
| FY2021 | 14.7% | 0.57 |
| FY2020 | 14.1% | (2.85) |
| FY2019 | 17.0% | (3.71) |
| FY2018 | 20.7% | (2.88) |
| FY2017 | 23.6% | 5.14 |
| FY2016 | 18.4% | 1.66 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| RMD ResMed Inc. compare | 21.4% |
| MDLN Medline Inc. compare | 19.9% |
| ISRG Intuitive Surgical, Inc. | 16.5% |
| WST West Pharmaceutical Services, Inc. compare | 15.4% |
| SOLV Solventum Corporation compare | 13.4% |
| BDX Becton, Dickinson and Company compare | 3.89% |
| ALC Alcon compare | 2.38% |
| RGEN Repligen Corporation compare | 2.18% |
| BAX Baxter International Inc. compare | −1.27% |
| Medical Instruments & Supplies industry median | 0.00% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on ISRG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement