Intuitive Surgical Income Statement
ISRG / Health Care|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Intuitive Surgical reported $10.1B in revenue and $2.9B in net income for FY2025. Revenue has grown at a 17.5% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 4.34 (safe zone, above 2.9 threshold)
- Strong profit margin: 28.6%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.1B | $8.4B | $5.7B | $4.4B | $4.5B | $3.7B | $3.1B | $2.7B | $3.1B | $2.1B | $2.4B | $2.1B | $1.8B | $1.4B | $1.1B |
| Cost of Revenue | $3.4B | $2.7B | $1.8B | $1.5B | $1.4B | $1.1B | $936.2M | $813.6M | $936.2M | $717.9M | $806.5M | $717.9M | $483.5M | $383.0M | $301.1M |
| Gross Profit | $6.6B | $5.6B | $4.0B | $2.9B | $3.1B | $2.6B | $2.2B | $1.9B | $2.2B | $1.4B | $1.6B | $1.4B | $1.3B | $1.0B | $751.1M |
| SG&A Expense | $2.4B | $2.1B | $1.5B | $1.2B | $1.2B | $986.6M | $810.5M | $703.6M | $810.5M | $691.0M | $640.5M | $691.0M | $438.8M | $358.8M | $278.6M |
| R&D Expense | $1.3B | $1.1B | $671.0M | $595.1M | $557.3M | $418.1M | $328.6M | $239.6M | $328.6M | $178.0M | $197.4M | $178.0M | $140.2M | $116.0M | $95.1M |
| Operating Income | $2.9B | $2.3B | $1.8B | $1.0B | $1.4B | $1.2B | $1.1B | $949.7M | $1.1B | $544.8M | $740.0M | $544.8M | $694.8M | $555.2M | $377.4M |
| Income Tax | $434.8M | $336.3M | $162.2M | $140.2M | $120.4M | $154.5M | $433.9M | $247.0M | $433.9M | $130.2M | $169.7M | $130.2M | $214.6M | $190.5M | $163.5M |
| Net Income | $2.9B | $2.3B | $1.7B | $1.1B | $1.4B | $1.1B | $670.9M | $738.3M | $670.9M | $418.8M | $588.8M | $418.8M | $495.1M | $381.8M | $232.6M |
| EPS (Basic) | $5.12 | $3.72 | $4.79 | $3.02 | $3.98 | $9.92 | $6.01 | $6.43 | $5.29 | $11.35 | $17.12 | $16.50 | $12.63 | $9.74 | $6.07 |
| EPS (Diluted) | $5.03 | $3.65 | $4.66 | $2.94 | $3.85 | $9.49 | $5.77 | $6.26 | $5.18 | $11.11 | $16.73 | $15.98 | $12.32 | $9.47 | $5.93 |
| Shares Outstanding | 356.6M | 352.3M | 350.0M | 357.7M | 353.1M | 116.0M | 114.5M | 112.3M | 116.4M | 37.4M | 36.6M | 38.2M | 40.2M | 39.3M | 38.9M |
| Gross Margin | 66.0% | 67.5% | 69.3% | 65.6% | 69.5% | 69.9% | 70.2% | 69.9% | 70.2% | 66.3% | 66.2% | 66.3% | 72.5% | 72.9% | 71.4% |
| Operating Margin | 29.3% | 28.1% | 31.9% | 24.1% | 30.7% | 32.2% | 33.9% | 35.1% | 33.9% | 25.6% | 31.0% | 25.6% | 39.5% | 39.3% | 35.9% |
| Profit Margin | 28.4% | 27.8% | 29.8% | 24.3% | 30.8% | 30.3% | 21.4% | 27.3% | 21.4% | 19.7% | 24.7% | 19.7% | 28.2% | 27.0% | 22.1% |