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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
Intuitive Surgical's Income Statement
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$5.71 B | $6.22 B | $7.12 B | $8.35 B | $10.06 B |
| Cost of Revenue |
|
$1.75 B | $2.03 B | $2.39 B | $2.72 B | $3.41 B |
| Gross Profit |
|
$3.96 B | $4.20 B | $4.73 B | $5.63 B | $6.66 B |
| Research & Development |
|
$671.00 M | $879.00 M | $998.80 M | $1.15 B | $1.31 B |
| Selling,General & Administrative |
|
$1.47 B | $1.74 B | $1.96 B | $2.14 B | $2.39 B |
| Operating Expense |
|
$2.14 B | $2.62 B | $2.96 B | $3.29 B | $3.71 B |
| Operating Income |
|
$1.82 B | $1.58 B | $1.77 B | $2.35 B | $2.95 B |
| Net Income |
|
$1.70 B | $1.32 B | $1.80 B | $2.32 B | $2.86 B |
Intuitive Surgical's Balance Sheet
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$4.23 B | $4.12 B | $5.22 B | $4.01 B | $5.93 B |
| Inventories |
|
$587.10 M | $893.20 M | $1.22 B | $1.49 B | $1.84 B |
| Total Current Assets |
|
$5.84 B | $6.25 B | $7.89 B | $7.11 B | $9.78 B |
| Property,Plant and Equipment |
|
$1.88 B | $2.37 B | $3.54 B | $4.78 B | $5.34 B |
| Goodwill |
|
$343.60 M | $348.50 M | $348.70 M | $347.50 M | $370.30 M |
| Total Assets |
|
$13.56 B | $12.97 B | $15.44 B | $18.84 B | $20.63 B |
| Total Liabilities |
|
$1.60 B | $1.86 B | $2.04 B | $2.31 B | $2.69 B |
| Retained Earnings |
|
$4.76 B | $3.50 B | $4.74 B | $6.80 B | $7.01 B |
| Total Shareholder Equity |
|
$11.95 B | $11.04 B | $13.31 B | $16.43 B | $17.82 B |
| Common Stock |
|
$400.00 K | $400.00 K | $400.00 K | $400.00 K | $400.00 K |
Intuitive Surgical's Cash flow
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$310.20 M | $365.80 M | $435.20 M | $462.00 M | $677.10 M |
| Dividends Payout |
|
- | - | - | - | - |
| Capital Expenditures (Capex) |
|
-$353.50 M | -$532.40 M | -$1.06 B | -$1.11 B | -$539.80 M |
| Free Cash Flow (FCF) |
|
$1.74 B | $958.40 M | $749.60 M | $1.30 B | $2.49 B |
Intuitive Surgical's Profitability
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$3.96 B | $4.20 B | $4.73 B | $5.63 B | $6.66 B |
| Gross Profit Margin (%) |
|
69.32% | 67.44% | 66.39% | 67.46% | 66.00% |
| Operating Income |
|
$1.82 B | $1.58 B | $1.77 B | $2.35 B | $2.95 B |
| Operating Income Margin (%) |
|
31.89% | 25.35% | 24.80% | 28.12% | 29.27% |
| Net Income |
|
$1.70 B | $1.32 B | $1.80 B | $2.32 B | $2.86 B |
| Net Income Margin (%) |
|
29.85% | 21.25% | 25.24% | 27.81% | 28.38% |
| EBITDA |
|
$2.13 B | $1.94 B | $2.17 B | $2.81 B | $3.31 B |
| EBITDA Margin (%) |
|
37.32% | 31.23% | 30.45% | 33.66% | 35.99% |
Intuitive Surgical's Ratios
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
14.26% | 11.98% | 13.51% | 14.13% | - |
| Return on Assets (ROA) |
|
12.58% | 10.19% | 11.64% | 12.33% | - |
| Debt to Equity |
|
0.73% | - | - | 0.89% | 1.70% |
| Debt to total asset |
|
0.64% | - | - | 0.78% | 1.47% |
| Enterprise value to revenue |
|
22.20 | 14.91 | 16.24 | 21.97 | 0.00 |
| Enterprise value to EBITDA |
|
59.47 | 47.77 | 53.36 | 65.29 | 0.00 |
| Enterprise value |
|
$126.74 B | $92.80 B | $115.73 B | $183.52 B | - |
| Tax Rate (%) |
|
8.58% | 16.33% | 7.23% | 12.58% | 13.13% |
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