Company Analysis

Intuitive Surgical, Inc. (ISRG)

Nasdaq: ISRG · Orthopedic, Prosthetic & Surgical Appliances & Supplies · Sunnyvale, CA · filing with the SEC since 1998
Grade7.1
◀ Past 7.5● Present 7.3▶ Future 6.6

The grade of Intuitive Surgical, Inc.

Nine metrics read from its own filings, by tense
Headline grade
7.1/10
◀ Past7.530% of the headline
● Present7.340% of the headline
▶ Future6.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

7.5/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.8/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 78th percentile among 29 sector filers · read for itself

From the record

Intuitive Surgical, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.7/10

What has it actually done, year after year?

+15.7% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 77th percentile among 25 sector filers · read for its customers

From the record

Intuitive Surgical, Inc.'s 10 filed years say what it did: revenue went from $2.7 billion in fiscal 2016 to $10 billion in fiscal 2025, up 15.7% a year; it rose in 8 of 9 years; the deepest fall was 3% from fiscal 2019 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span15.7%top 30% of its family
  • the share of years revenue rosetop 28% of its family
  • the share of filed years with a profittop 18% of its family
  • the deepest fall from a revenue peak2.7%top 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.7/10

How has it treated the people who own it?

Share count grew 0.1% a year. 37% of cash flow returned. Insiders: 76 sales, 0 purchases.

weight 22% of this tense · 67th percentile among 12 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Intuitive Surgical, Inc.'s diluted share count grew about 0.1% a year, and dividends and buybacks returned about 37% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 76 sales (76 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 29% of its family
  • cash returned against operating cash flowtop 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.3/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
7.4/10

Is it financially healthy right now?

ROE 16%: 16¢ of profit per shareholder dollar. Leverage 13%: owes 13¢ per asset dollar.

weight 45% of this tense · 74th percentile among 27 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Intuitive Surgical, Inc. earned about 16 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 32 cents per dollar of everything the company owns. Leverage: it owed about 13 cents per dollar of assets, and net share issuance: its share count grew 0.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 12% of its family
  • return on equitytop 6% of its family
  • gross profit against assetstop 50% of its family
  • the share count against the year beforetop 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
9.1/10

How strong is its position in its industry?

top 9% of 26 in its family; net margin 28.4%.

weight 33% of this tense · 91st percentile among 26 sector filers · read for its customers

From the record

Intuitive Surgical, Inc.'s standing among 26 graded names in its industry family: revenue of $10 billion in fiscal 2025 ranks in the top 2% by size; a net margin of 28.4% ranks in the top 2%; revenue growth of 17.4% a year over the last 3 filed years ranks in the top 24% (its annual reports).

What it rests on

  • revenue against the family$10.06Btop 2% of its family
  • net margin28.4%top 2% of its family
  • three-year revenue growth17.4%top 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.3/10

What are the people in charge doing?

bottom 43% of 17 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 43rd percentile among 17 sector filers · read for its shareholders

From the record

Intuitive Surgical, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Rosa, David J. (Chief Executive Officer (CEO), as filed), filing under that title since 2025-07-11, 1.3 years (bottom 9% of its family); the 20 officers and directors filing in the last fifteen months have been on the record a median of 6.1 years (top 47%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 20 people in charge now (top 32%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 20 peopletop 32% of its family
  • the median years the people in charge have filed6.1 yearstop 47% of its family
  • the chief executive's years on the record1.3 yearsbottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.8/10

How much room does it have to grow?

top 32% of 25 in its family for room to expand.

weight 45% of this tense · 68th percentile among 25 sector filers · read for itself

From the record

Intuitive Surgical, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $3.4 billion against no long-term debt tagged leaves 16.5% of its assets as net cash, top 46% of its family; cash from operations less capital spending is 24.7% of revenue (top 2%); a gross margin of 66% (top 34%); research spending of 13% of revenue (top 46%) (its annual report).

What it rests on

  • cash less debt against assets16.5%top 46% of its family
  • cash from operations less capital spending against revenue24.7%top 2% of its family
  • gross margin66.0%top 34% of its family
  • research spending against revenue13.0%top 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.2/10

What could actually drive growth from here?

top 38% of 25 in its family for growth drivers.

weight 33% of this tense · 62nd percentile among 25 sector filers · read for its customers

From the record

Intuitive Surgical, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 17.4% a year over the last three filed years against 15.7% over all 10, speeding up (top 46% of its family); the newest year grew 20.5% (top 14%); research spending grew 14.3% a year (top 31%); capital spending grew 0.5% a year (bottom 40%) (its annual reports). Intuitive Surgical, Inc. reported 3 product lines in fiscal 2025: Instruments and Accessories at $6.0 billion (60%), Systems at $2.5 billion (25%), Service at $1.6 billion (16%); 3 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+1.7 points a yeartop 46% of its family
  • the newest year's revenue growth20.5%top 14% of its family
  • three-year growth of research spending14.3%top 31% of its family
  • three-year growth of capital spending0.5%bottom 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.7/10

Did its newest year beat what its own record pointed to?

top 34% of 23 in its family for expectations against reality.

weight 22% of this tense · 66th percentile among 23 sector filers · read for its shareholders

From the record

Intuitive Surgical, Inc.'s newest year against its own record: revenue of $10 billion in fiscal 2025 came in 4% above the $9.7 billion its prior three years' pace pointed to (top 35% of its family); net income of $2.9 billion against a prior three-year average of $1.8 billion (top 24%); a net margin of 28.4% against 24.8% before (top 41%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace4.0%top 35% of its family
  • net income against the prior three years' average+57%top 24% of its family
  • net margin against its prior average+3.6 pointstop 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ISRG · research, not advice