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INTUITIVE SURGICAL INC USD

Update

Makes da Vinci robotic-assisted surgical systems and instruments.

Sector: United States — large cap (SEC filings)

US_ISRG

Price chart

417.07 USDDay 0.12%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
417.07 USD · 0.12%
Market cap
148.1 bn USD

Growth

Δ revenue y/y
23.0%
Δ EBITDA y/y
48.3%

Multiples

P/E (LTM)
49.7x
3y avg: 72.3x
P/B (FY)
8.3x
P/E (ann.)
45.1x
EV/EBITDA (LTM)
37.0x
3y avg: 58.3x
EV/EBITDA (ann.)
41.2x

Cash return

Dividend yield
FCF yield (LTM)
1.8%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (US listing)
743.6 mln USD

Shares: yahoo_fundamentals_timeseries/ISRG

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 3 / Warn: 2 / Err: 8 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1Errors 1
2023-06-30 Q2Errors 1
2023-09-30 Q3OK
2023-12-31 FYWarn 3
2024-03-31 Q1Errors 1
2024-06-30 Q2OK
2024-09-30 Q3OK
2024-12-31 FYWarn 3
2025-03-31 Q1Errors 2
2025-06-30 Q2Errors 1
2025-09-30 Q3Errors 1
2025-12-31 FYErrors 3Warn 1
2026-03-31 Q1Errors 1
All checks pass · Has warnings (review) · Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-03-31Q1 2026 (3M)OK2.8
y/y 23.0%
0.9
y/y 48.0%
0.0
y/y 108.8%
0.9
y/y 48.3%
0.8
y/y 17.6%
0.9-0.620.1
y/y 4.6%
17.5
y/y 2.2%
18.6%Link
2025-12-31Q4 2025 (3M)OK2.9
y/y 18.8%
0.9
y/y 17.6%
0.6
y/y 36.5%
1.5
y/y 24.7%
0.8
y/y 15.9%
0.9-0.220.5
y/y 9.2%
17.8
y/y 8.5%
16.4%-5.9Link
2025-09-30Q3 2025 (3M)OK2.5
y/y 22.9%
0.8
y/y 31.6%
0.0
y/y -5.7%
0.8
y/y 31.4%
0.7
y/y 24.7%
0.8-0.119.4
y/y 9.1%
16.9
y/y 8.6%
5.4%Link
2025-06-30Q2 2025 (3M)OK2.4
y/y 21.4%
0.7
y/y 31.0%
0.0
y/y -36.0%
0.7
y/y 30.5%
0.7
y/y 25.0%
0.7-0.220.2
y/y 21.1%
17.8
y/y 21.3%
15.1%Link
2025-03-31Q1 2025 (3M)OK2.3
y/y 19.2%
0.6
y/y 23.2%
0.0
y/y -33.3%
0.6
y/y 22.6%
0.7
y/y 28.2%
0.6-0.119.2
y/y 21.4%
17.1
y/y 22.5%
16.7%Link
2024-12-31Q4 2024 (3M)OK2.4
y/y 25.2%
0.7
y/y 63.2%
0.4
y/y 14.2%
1.2
y/y 40.6%
0.7
y/y 13.1%
0.8-0.318.7
y/y 21.4%
16.4
y/y 23.5%
14.5%-4.0Link
2024-09-30Q3 2024 (3M)OK2.0
y/y 16.9%
0.6
y/y 23.9%
0.0
y/y -31.4%
0.6
y/y 23.3%
0.6
y/y 35.9%
0.7-0.217.7
y/y 20.6%
15.6
y/y 24.3%
5.0%Link
2024-06-30Q2 2024 (3M)OK2.0
y/y 14.5%
0.6
y/y 22.5%
0.0
y/y 0.0%
0.6
y/y 22.2%
0.5
y/y 25.2%
0.6-0.316.6
y/y 19.8%
14.7
y/y 23.8%
14.7%Link
2024-03-31Q1 2024 (3M)OK1.9
y/y 11.5%
0.5
y/y 21.1%
0.0
y/y 2.0%
0.5
y/y 20.9%
0.5
y/y 53.4%
0.3-0.215.8
y/y 21.3%
14.0
y/y 24.5%
16.0%Link
2023-12-31Q4 2023 (3M)OK1.9
y/y
0.5
y/y
0.4
y/y
0.8
y/y
0.6
y/y
0.2-0.415.4
y/y
13.3
y/y
13.9%-5.2Link
2023-09-30Q3 2023 (3M)OK1.7
y/y
0.5
y/y
0.0
y/y
0.5
y/y
0.4
y/y
0.5-0.314.7
y/y
12.5
y/y
4.5%Link
2023-06-30Q2 2023 (3M)OK1.8
y/y
0.5
y/y
0.0
y/y
0.5
y/y
0.4
y/y
0.7-0.213.9
y/y
11.9
y/y
14.6%Link
2023-03-31Q1 2023 (3M)OK1.7
y/y
0.4
y/y
0.0
y/y
0.4
y/y
0.4
y/y
0.4-0.213.1
y/y
11.2
y/y
Link
Data quality No obvious scale, balance-sheet, or cash-flow sanity issues in the displayed periods.

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

01 0002 0003 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

0%20%40%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-1 000-50005001 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

-6 000-4 000-2 00002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +21% vs +17% the year before — a +3.3 pp move. 3-year CAGR +17%.
revenue growth by year: 2023 +14% · 2024 +17% · 2025 +21%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — daily history

Current 38.6x · 3-year average 66.2x

EV/EBITDA3-year 75th pct

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +21.3%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31)
= (862 − 582) × 4.45
1 251
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (148 102 + -5 896) ÷ 3 840
30.0x — capped at 30x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (30.0 + 12) ÷ 2
21.0x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 1 916 + 0 + 3 418 − 0
5 335
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (1 251 × 21.0 + 5 335) ÷ 148 102
+21.3%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)