Intuitive Surgical, Inc. (ISRG) vs ResMed Inc. (RMD)

Intuitive Surgical, Inc. and ResMed Inc. are both Medical Instruments & Supplies companies. Intuitive Surgical, Inc. is the larger, with a market value of $140.7B against $31.9B — 4.4× the size. ResMed Inc. trades at the lower P/E: 21.3× against 45.8×. Intuitive Surgical, Inc. grew revenue faster over the last twelve months: 20.7% against 9.85%. Intuitive Surgical, Inc. has the higher net margin (28.5% vs 26.9%) and the lower return on invested capital (16.5% vs 21.4%). Across the 22 metrics below, ResMed Inc. leads on 13 and Intuitive Surgical, Inc. on 9.

Valuation

Metric ISRG RMD Medical Instruments & Supplies median
P/E 45.83 21.25 34.17
P/S 13.00 5.72 2.83
P/B 7.84 4.91 2.82
Price to free cash flow 43.89 19.86 25.69
EV/EBITDA 32.50 14.68 16.08
EV/Sales 12.53 5.53 3.06
Earnings yield 2.18% 4.71% (1.84%)
Free cash flow yield 2.28% 5.03% 0.17%

Profitability

Metric ISRG RMD Medical Instruments & Supplies median
Gross margin 66.68% 61.06% 54.62%
Operating margin 31.28% 33.37% 1.64%
Net margin 28.45% 26.94% 0.00%
Free cash flow margin 29.62% 28.81% 1.61%
Return on equity 17.32% 24.27% 0.00%
Return on assets 15.30% 17.77% 0.00%
Return on invested capital 16.49% 21.38% 0.00%

Growth

Metric ISRG RMD Medical Instruments & Supplies median
Revenue growth (TTM) 20.66% 9.85% 9.20%
EPS growth (last fiscal year) 22.59% 9.67% —
Revenue growth, 5-year CAGR 18.22% 12.08% 9.48%
Net income growth, 5-year CAGR 21.91% 26.27% 0.00%

Health

Metric ISRG RMD Medical Instruments & Supplies median
Debt to equity 0.00 0.06 0.08
Current ratio 4.96 3.10 2.49
Net debt to EBITDA (1.64) (0.50) 0.83

Dividend

Metric ISRG RMD Medical Instruments & Supplies median
Dividend yield — 1.06% 0.99%
Payout ratio 0.00 0.29 0.00

Size

Metric ISRG RMD Medical Instruments & Supplies median
Market cap 140.68b 31.91b 938.39m

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