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Intuitive Surgical ISRG
$ 358.74 6.29%
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Quarterly report 2026-Q2
added 07-21-2026

Intuitive Surgical Financial Ratios 2025-2006 | ISRG

Brief overview of Intuitive Surgical's multiples and efficiency

The comparison uses the five latest available annual observations between 2021 and 2025.

Market valuation is represented by P/E 59.88x (median 65.8x), EV/EBITDA 49.3x (median 43.08x), P/S 16.99x (median 18.11x). The combined ratio level is close to the company's five-year norm at a -3.3% deviation. No clear premium or discount is visible.

Earnings yield calculated as 1/P/E is about 1.7%, showing current profit per unit of share price.

Current measures of operating quality are ROE 16%, ROA 14%, ROCE 16.5%. Returns on capital and assets point to efficient economics and a strong internal source of growth.

The PEG ratio is 2.44x; investors pay a high price per unit of expected growth.

The cash conversion cycle lengthened from 148.4 days to 203.4 days, or 55.1 days. More cash is tied up in operations.

Conclusion

Intuitive Surgical's multiples form a balanced picture without a clear discount or premium. Future appeal depends on earnings and return trends.

Annual Financial Ratios Intuitive Surgical

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006

P/E

59.9 87.5 74.0 65.8 60.7 81.3 47.8 51.3 72.4 35.9 34.1 43.6 24.9 34.7 36.1 3.7 2.7 6.1 4.0 -

P/S

17.0 24.3 18.7 14.0 18.1 19.8 14.7 15.5 15.3 9.8 8.4 8.6 7.4 10.5 10.2 - - - - -

EPS

8 6.5 5.1 3.7 4.8 3.0 4.0 9.9 6.0 6.4 5.3 11.3 17.1 16.5 12.6 9.7 6.1 5.3 3.8 -

EV (Enterprise Value)

170 B 203 B 132 B 87.3 B 104 B 86 B 66.2 B 58.1 B 48.2 B 26.1 B 19.9 B 18.2 B 16.4 B 22.7 B 17.8 B 1.49 B 686 M 1.26 B 462 M -34.4 M

EBITDA per Share

9.93 7.85 6.12 5.35 5.9 3.62 13.7 11.6 10.3 9.03 7.45 5.59 7.64 7.84 6.3 14.8 10.3 8.37 5.76 -

EV/EBITDA

48.0 73.0 61.6 45.9 49.3 67.5 41.0 43.1 40.9 24.5 23.3 28.5 17.3 23.8 23.5 2.6 1.7 3.9 2.1 -

PEG

2.44 19.19 30.62 31.99 8.92 -51.87 2.33 0.76 -9.4 1.71 0.86 -1.35 17.85 1.13 1.22 - - - - -

P/B

9.5 12.3 9.9 7.8 8.7 8.8 8.0 8.6 10.1 4.6 4.6 5.4 4.8 6.4 6.8 0.7 0.4 1.0 - -

P/CF

56.4 84.2 73.4 58.4 49.5 58.1 56.2 58.9 50.1 26.7 29.0 32.6 21.5 33.9 30.1 2.6 1.6 4.5 2.8 -

ROE %

16.02 14.13 13.51 11.98 14.26 10.87 16.65 16.87 13.96 12.74 13.63 12.39 19.16 18.34 18.71 18.74 15.13 16.13 16.26 -

ROA %

13.96 12.39 11.64 10.19 12.58 9.50 14.17 14.37 11.46 11.34 12.00 10.58 16.99 16.18 16.16 15.97 12.85 13.85 - -

ROCE %

16.53 14.29 13.28 14.28 15.24 10.76 15.79 17.07 20.87 16.05 16.76 15.75 23.88 24.01 25.33 27.25 24.55 24.54 23.26 -

Current Ratio

8.1 8.5 7.6 7.0 8.5 7.9 4.5 5.3 4.0 5.4 4.5 3.7 5.1 4.7 4.6 6.8 6.6 7.1 - -

DSO

49.9 51.5 53.1 50.6 45.6 54.0 52.6 66.9 59.7 58.1 60.4 54.0 48.6 62.0 61.9 - - - - -

DIO

177.4 181.8 161.1 133.3 123.8 145.9 158.9 133.3 94.2 81.7 76.0 92.4 97.7 72.9 84.6 68.8 73.4 45.6 - -

DPO

23.9 25.7 25.6 24.2 21.1 25.0 32.9 32.8 32.2 30.7 23.8 31.3 25.1 34.6 34.6 30.1 29.2 14.7 - -

Operating Cycle

227.3 233.3 214.2 183.9 169.5 199.9 211.4 200.1 153.9 139.8 136.3 146.3 146.3 134.9 146.5 68.8 73.4 45.6 - -

Cash Conversion Cycle

203.4 207.6 188.6 159.8 148.4 174.9 178.5 167.3 121.7 109.1 112.5 115.0 121.1 100.4 111.9 38.7 44.2 30.9 - -

All numbers in USD currency

Quarterly Financial Ratios Intuitive Surgical

2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3 2010-Q2 2010-Q1 2009-Q3 2009-Q2

EPS

2.31 2.31 - 1.98 1.84 1.95 - 1.59 1.48 1.54 - 1.18 1.2 1.01 - 0.91 - 1.02 1.07 1.07 1.45 1.2 3.11 2.68 0.58 2.69 3.09 3.44 2.76 2.67 2.56 2.57 2.25 2.55 -0.28 2.67 2.01 1.62 1.75 1.82 1.61 1.21 5.09 4.49 3.64 2.64 4.03 3.43 2.82 1.16 4.36 4.06 3.99 4.69 4.37 4.59 3.88 3.63 3.86 3.13 2.99 2.66 2.2 2.26 2.2 1.69 1.65

EBITDA per Share

2.81 2.43 - 2.14 2.08 1.63 - 1.63 1.61 1.34 - 1.34 1.33 1.12 - 1.14 - 1.16 - 1.26 4.37 1.36 - 1.22 1.57 2.87 - 4.1 3.7 2.47 - 3.42 2.88 2.66 - 3.06 2.7 1.9 - 2.67 7.35 5.23 - 6.33 5.49 3.93 - 5.47 4.55 1.8 - 5.36 6.01 6.49 - 5.93 6.03 5.08 - 5.11 4.64 3.97 3.79 3.84 3.49 3.12 2.87

ROE %

17.05 16.61 11.91 15.51 14.91 15.10 11.04 14.34 14.25 13.84 9.96 12.76 12.47 12.15 9.00 12.33 9.53 14.30 15.49 16.04 15.95 11.88 10.90 11.47 13.05 16.20 16.69 16.74 16.32 16.29 16.89 11.85 13.72 14.56 14.04 18.23 15.63 14.16 12.74 13.60 13.83 13.75 13.63 13.58 13.36 13.33 12.39 12.80 13.61 15.08 19.16 19.30 19.94 19.73 18.34 19.17 18.68 18.79 18.71 17.31 17.29 17.68 18.38 18.98 4.82 4.64 4.91

ROA %

14.91 14.62 10.54 13.72 13.25 13.43 9.79 12.62 12.15 11.43 7.99 10.66 7.84 10.65 7.92 10.87 8.42 12.63 13.65 14.11 13.98 10.38 9.50 9.90 11.17 13.83 14.17 14.22 13.87 13.86 14.37 10.10 11.54 12.15 11.61 15.30 13.39 12.37 11.34 12.07 12.23 12.12 12.00 11.83 11.55 11.44 10.58 11.08 11.92 13.32 16.99 17.09 17.63 17.42 16.18 16.80 16.28 16.30 16.16 14.91 14.87 15.27 15.81 16.28 4.23 3.94 4.16

ROCE %

18.90 16.91 12.01 15.69 15.04 14.22 10.86 14.55 14.74 14.34 10.99 14.44 14.11 14.10 10.67 15.38 11.94 16.04 12.68 15.46 12.43 10.62 6.51 10.94 12.51 14.73 11.82 16.51 16.24 16.04 12.99 18.86 19.61 19.50 15.36 19.80 18.17 15.83 11.78 16.18 15.77 14.54 11.44 16.15 15.98 13.63 10.61 15.59 17.12 20.06 18.39 24.29 25.61 24.77 17.60 24.36 24.81 24.12 18.72 25.30 25.80 26.77 28.36 29.31 7.33 7.20 7.53

Current Ratio

8.1 8.0 8.1 8.4 9.1 9.6 8.5 8.6 9.0 8.9 7.5 7.0 - 7.4 7.0 7.9 - 9.0 8.4 8.8 8.7 8.6 7.9 7.9 7.9 7.9 6.7 6.7 6.7 6.7 6.8 6.8 6.8 6.8 5.8 5.8 5.8 5.8 9.2 9.2 9.2 9.2 8.3 8.3 8.3 8.3 6.8 6.8 6.8 6.8 8.8 8.8 8.8 8.8 8.5 8.5 8.5 8.5 7.3 7.3 7.3 7.3 6.8 7.0 8.2 6.6 6.5

DSO

51.6 51.4 - 46.1 46.6 49.5 - 50.6 50.8 54.5 - 25.2 24.0 50.2 - 24.9 - 51.8 43.5 45.4 42.2 45.9 44.3 54.7 69.1 53.6 46.1 52.2 53.6 62.2 59.5 67.6 68.5 64.1 51.9 57.5 61.1 63.0 51.9 57.5 58.6 63.3 53.2 61.0 61.4 60.8 47.5 52.3 56.1 60.5 47.7 55.1 47.5 50.1 55.5 62.8 63.0 61.6 54.7 60.9 63.9 59.5 - - - - -

DIO

194.6 183.7 - 186.7 178.7 174.4 - 196.8 192.1 178.2 - 90.8 74.0 143.9 - 75.6 - 118.4 - 122.0 118.8 138.0 - 155.3 157.2 151.2 - 158.6 159.9 150.7 - 134.0 134.7 116.9 - 92.0 96.2 92.1 - 84.9 83.5 84.3 - 79.0 76.8 81.7 - 87.5 98.8 110.4 - 115.2 94.6 77.6 - 75.1 73.9 76.5 - 84.4 85.9 82.3 77.3 69.2 64.8 65.2 -

DPO

29.9 28.5 - 30.2 30.1 26.9 - 28.4 27.8 27.1 - 15.5 12.8 24.3 - 14.8 - 23.8 - 25.1 22.9 21.6 - 21.1 21.3 25.9 - 32.9 33.1 33.6 - 33.0 33.2 33.0 - 31.5 32.9 32.8 - 31.9 31.4 29.2 - 24.8 24.1 26.7 - 29.7 33.5 32.9 - 29.6 24.3 26.7 - 35.6 35.0 33.9 - 34.5 35.1 34.0 37.6 36.9 30.8 14.0 -

Operating Cycle

- 235.1 - 232.8 225.3 223.9 - 247.5 242.9 232.7 - - - 194.2 - 100.5 - 170.2 43.5 167.3 161.0 183.9 44.3 210.0 226.3 204.7 46.1 210.8 213.4 212.9 59.5 201.6 203.2 181.0 51.9 149.5 157.3 155.1 51.9 142.4 142.1 147.6 53.2 140.0 138.2 142.5 47.5 139.8 154.9 170.9 47.7 170.3 142.1 127.7 55.5 137.9 136.8 138.1 54.7 145.2 149.8 - - - - - -

Cash Conversion Cycle

- 206.6 - 202.6 195.2 197.0 - 219.1 215.1 205.6 - - - 169.8 - 85.6 - 146.4 43.5 142.2 138.1 162.3 44.3 188.9 205.0 178.8 46.1 177.9 180.3 179.3 59.5 168.6 170.0 148.1 51.9 118.0 124.4 122.2 51.9 110.5 110.7 118.4 53.2 115.3 114.1 115.8 47.5 110.1 121.5 138.0 47.7 140.7 117.8 101.0 55.5 102.3 101.8 104.2 54.7 110.8 114.7 - - - - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Intuitive Surgical, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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