Read from its own SEC filings · nothing written, nothing inferred

Intuitive Surgical $ISRG

🫧 Edgar looked up Intuitive Surgical, Inc. ($ISRG). Last filing: 8-K (5.03 Amendments to Articles or Bylaws; Change in Fiscal Year), 2026-07-27. 10 event filings (8-K) in the past twelve months.

🔖 Exposure: revenue $10.1B (FY2025). Experience: revenue up 20.5% on the year, up 15.2% a year over 4 years; operating margin 29.3%, up from 28.1%. Soundness: equity 87.1% of assets, return on equity 16.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $10.7B and $12.5B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $10.0B to $13.3B. A statistical range, not company guidance. Against peers (13 filers, $50M+ revenue, orthopedic, prosthetic & surgical appliances & supplies): operating margin 29.3% against a 11.0% median; growth 20.5% against 7.5%.

Intuitive Surgical, Inc. against its own record and its peers
Operating marginPeer median 11.0%29.3%Revenue, on the yearPeer median 7.5%20.5%Equity of assetsPeer median 62.9%87.1%Return on equityPeer median 10.3%16.1%Gold tick: the median of 12–12 peers with $50M+ revenue in orthopedic, prosthetic & surgical appliances & supplies

The figures, as filed

Fiscal year end2025-12-31
Revenue$10.1B
Revenue, on the year20.5%
Revenue, a year over the record15.2%
Operating margin29.3%
Operating margin, prior year28.1%
Net margin28.6%
Research and development$1.3B · 13.0% of revenue
Free cash flow—
Cash$3.4B
Total debt—
Equity of assets87.1%
Return on equity16.1%
Payout of profit—
Dividend per share—
Earnings per share$8
Book value per share$49.14
Revenue per share$27.75
Shares outstanding362,700,000
Audited years read5

Peers: the median of 13 filers with $50M+ revenue in orthopedic, prosthetic & surgical appliances & supplies.

Health watch · last 12 months

Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt.

Health Harbor

Intuitive Surgical sails as: New ship

Sailing speed follows growth: 17.4% a year crosses the harbor in 30 seconds.

No warning signs on the measures below.

New shipno warning signs
Sound shipone warning sign
Weathered boattwo warning signs
Old boatthree warning signs
Rotting at the dockfour or more warning signs

Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.

Speed and cash · fiscal 2025

Cash Compass🌱 Cash cow later · growing fast, and already turning revenue into cash
Inside viewTurns 30.1% of revenue into operating cash; revenue growing 17.4% a year over three years; no common dividend.
Outside viewAmong $10B+ companies: 83rd percentile for cash, 90th for growth. cash growth

Both views must agree for a label · market view (price) not sourced; add a price at /boards/ask.json?q=TICKER&price=… · a description, not advice.

Cash conversion (operating cash ÷ revenue)30.1%
Growth speed (3 years, per year)17.4%
Revenue swing (std-dev of yearly growth)4.3%
Speed and steadinessFast and steady
Common dividendnone
Equity of assets87.1%

Intuitive Surgical is growing faster than its size class, with steadier revenue. SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class.

Recent filings

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

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