# Intuitive Surgical Inc. (ISRG) — Stock CV

Intuitive Surgical Inc. is a $150B healthcare company. Revenue grew 20.7% over the last year, and it keeps 28¢ of every dollar of sales as profit. It trades at 47.7× earnings — near the lowest of its own history.

> Intuitive develops, produces, and markets a robotic system for assisting minimally invasive surgery. It also provides the instrumentation, disposable accessories, and warranty services for the system.

## Identity

- **Ticker**: ISRG
- **Sector**: Healthcare
- **Industry**: Medical Devices
- **Headquarters**: SUNNYVALE, CA
- **Employees**: 17 021
- **Website**: https://www.intuitive.com
- **Market cap**: $150B
- **Last price**: $423.80
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $11.0B
- **Net income**: $3.14B
- **Free cash flow**: $3.22B
- **P/E**: 47.7
- **Revenue growth (YoY)**: 20.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 35 |
| Growth | 90 |
| Profitability | 90 |
| Health | 50 |
| Quality | 85 |
| Moat | 100 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [x] Revenue growing — +20.7% YoY
- [x] Profitable — $3.14B TTM
- [x] Profit growing — +29.2% YoY
- [x] Generates cash — $3.22B TTM
- [x] Debt under control — current ratio 4.96
- [x] Established company — $150B market cap
- [x] Not printing shares — +0.5% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 50/100
- [x] Valuation not extreme — P/E 47.7

## Experience (career milestones)

- **FY2025** — Revenue crossed $10B: $10.1B for the year
- **FY2025** — Best year on record: $2.86B net income
- **2024** — Intuitive Surgical first appeared on the Fortune 500 in 2024 at number 497
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $2.70B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2000** — The company raised $46 million in an initial public offering in 2000
- **1995** — Moll was introduced to John Freund who had recently left Acuson Corporation

## Strengths

- High gross margin (66.7%)
- Strongly profitable — 28.4% net margin
- Revenue growing 20.7% year over year
- Strong cash conversion — FCF is 29.2% of revenue
- High returns on invested capital (ROIC 24.0%)

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $5.71B | $1.70B | $1.74B |
| FY2022 | $6.22B | $1.32B | $958M |
| FY2023 | $7.12B | $1.80B | $750M |
| FY2024 | $8.35B | $2.32B | $1.30B |
| FY2025 | $10.1B | $2.86B | $2.49B |

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Source: https://stockcv.com/ISRG — derived from company filings; may be delayed or incomplete. Information, not investment advice.