Intuitive Surgical (ISRG) Stock Analysis

July 23, 2026

This is a peer-relative look at Intuitive Surgical (ISRG): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Health Care Equipment & Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Intuitive Surgical (ISRG)
Profile Item	ISRG
Name	Intuitive Surgical, Inc.
Country/Region	United States
GICS Sector	Health Care
GICS Industry Group	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Equipment
Market Capitalization	123.98 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	June 16, 2000
Security Type	Common Stock

Price Performance

Cumulative Growth

ISRG

GSPC

Intuitive Surgical (ISRG) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Intuitive Surgical (ISRG) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Intuitive Surgical (ISRG) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Intuitive Surgical (ISRG) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ISRG	Industry group median
Total Return (1Y)	-32.17%	17.01%
Total Return (3Y, Annualized)	1.31%	-0.94%
Total Return (5Y, Annualized)	2.13%	-4.33%

Risk Profile

Drawdown History

ISRG

GSPC

Intuitive Surgical (ISRG) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Intuitive Surgical (ISRG) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Intuitive Surgical (ISRG) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ISRG	Industry group median
Volatility (1Y, Annualized)	35.38%	49.85%
Beta (5Y)	1.46	0.87
Max Drawdown (5Y)	-49.90%	-71.62%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. ISRG is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Intuitive Surgical (ISRG) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ISRG	Industry group median
Sharpe Ratio (1Y)	-1.02	0.28
Sortino Ratio (1Y)	-1.39	0.45

Profitability

ROE (TTM)

Intuitive Surgical (ISRG) posts ROE of 17.42%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

ISRG

Health Care Equipment & Services industry group

17.42%

Group distribution

Max: 53.65%
ISRG: 17.42%
Q3: 13.93%
Median: 3.71%
Q1: -16.92%
Min: -59.21%

Largest peers

ISRG: 17.42%
SYK: 15.20%
UNH: 14.15%
MDT: 9.84%
CVS: 3.75%
ABT: --
MCK: --

Where Intuitive Surgical (ISRG) stands on ROE within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Intuitive Surgical (ISRG) keeps 28.45% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

ISRG

Health Care Equipment & Services industry group

28.45%

Group distribution

Max: 30.40%
ISRG: 28.45%
Q3: 8.56%
Median: 1.55%
Q1: -9.20%
Min: -34.34%

Largest peers

ISRG: 28.45%
SYK: 13.21%
MDT: 13.20%
ABT: 11.65%
UNH: 3.14%
MCK: 1.18%
CVS: 0.72%

Where Intuitive Surgical (ISRG) stands on net margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Intuitive Surgical (ISRG) turns 33.75% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

ISRG

Health Care Equipment & Services industry group

33.75%

Group distribution

Max: 37.54%
ISRG: 33.75%
Q3: 12.86%
Median: 5.54%
Q1: -4.10%
Min: -25.61%

Largest peers

ISRG: 33.75%
MDT: 22.05%
SYK: 17.82%
ABT: 14.15%
UNH: 7.13%
CVS: 4.12%
MCK: 2.21%

Where Intuitive Surgical (ISRG) stands on operating margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Intuitive Surgical (ISRG) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ISRG	Industry group median
ROE (TTM)	17.42%	3.71%
ROA (TTM)	10.54%	3.01%
Net Margin (TTM)	28.45%	1.55%
Operating Margin (TTM)	33.75%	5.54%
Gross Margin (TTM)	66.77%	54.20%

Growth

Revenue Growth

Intuitive Surgical (ISRG) grew revenue 20.51%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

Intuitive Surgical (ISRG): Revenue Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

EPS Growth

Intuitive Surgical (ISRG) grew earnings per share 22.59%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Intuitive Surgical (ISRG): EPS Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

Growth Metrics

Intuitive Surgical (ISRG) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ISRG	Industry group median
Revenue Growth (YoY)	20.51%	11.75%
Revenue Growth (3Y CAGR)	17.39%	11.37%
EPS Growth (YoY)	22.59%	4.84%
EPS Growth (3Y CAGR)	29.19%	13.94%

Financial Strength

Current Ratio (MRQ)

Intuitive Surgical (ISRG) has current ratio of 6.43, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.

ISRG

Health Care Equipment & Services industry group

6.43

Group distribution

Max: 7.79
ISRG: 6.43
Q3: 4.32
Median: 2.03
Q1: 1.34
Min: 0.04

Largest peers

ISRG: 6.43
MDT: 2.13
SYK: 2.11
CVS: 0.87
MCK: 0.85
UNH: 0.78
ABT: --

Where Intuitive Surgical (ISRG) stands on current ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

No usable debt-to-equity ratio is available for Intuitive Surgical (ISRG) this period, so the balance-sheet leverage read is skipped.

ISRG

Health Care Equipment & Services industry group

Group distribution

Max: 2.02
Q3: 0.99
Median: 0.58
Q1: 0.15
Min: 0.00
ISRG: --

Largest peers

CVS: 1.01
UNH: 0.69
SYK: 0.66
ABT: 0.65
MDT: 0.58
ISRG: --
MCK: --

Intuitive Surgical (ISRG) doesn’t report debt-to-equity ratio this period; the box shows the Health Care Equipment & Services group’s distribution and the dots its largest members.

Financial Strength Metrics

Intuitive Surgical (ISRG) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ISRG	Industry group median
Current Ratio (MRQ)	6.43	2.03
Debt / Equity (MRQ)	--	0.58
Net Debt / EBITDA	-2.07	2.02

Dividends

Dividend Yield (TTM)

Intuitive Surgical (ISRG) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

ISRG

Health Care Equipment & Services industry group

0.00%

Group distribution

ISRG: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

MDT: 3.41%
CVS: 2.47%
ABT: 2.44%
SYK: 1.08%
UNH: 1.05%
MCK: 0.38%
ISRG: 0.00%

Where Intuitive Surgical (ISRG) stands on dividend yield within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Intuitive Surgical (ISRG) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

ISRG

Health Care Equipment & Services industry group

0.00%

Group distribution

ISRG: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CVS: 116.67%
ABT: 78.96%
MDT: 76.14%
UNH: 66.57%
SYK: 39.81%
MCK: 8.26%
ISRG: 0.00%

Where Intuitive Surgical (ISRG) stands on payout ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Intuitive Surgical (ISRG) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ISRG	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Intuitive Surgical (ISRG) trades at P/E ratio of 40.47, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

ISRG

Health Care Equipment & Services industry group

40.47

Group distribution

Max: 73.47
Q3: 45.86
ISRG: 40.47
Median: 30.56
Q1: 21.37
Min: 0.91

Largest peers

CVS: 47.26
ISRG: 40.47
SYK: 36.88
ABT: 32.89
UNH: 31.73
MDT: 22.32
MCK: 21.65

Where Intuitive Surgical (ISRG) stands on P/E ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Intuitive Surgical (ISRG) trades at 11.24 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

ISRG

Health Care Equipment & Services industry group

11.24

Group distribution

ISRG: 11.24
Max: 8.58
Q3: 4.23
Median: 2.05
Q1: 1.10
Min: 0.04

Largest peers

ISRG: 11.24
SYK: 4.77
ABT: 3.73
MDT: 2.90
UNH: 0.88
CVS: 0.35
MCK: 0.24

Where Intuitive Surgical (ISRG) stands on P/S ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Intuitive Surgical (ISRG) trades at 7.10 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

ISRG

Health Care Equipment & Services industry group

7.10

Group distribution

Max: 12.13
ISRG: 7.10
Q3: 5.82
Median: 2.96
Q1: 1.56
Min: -2.02

Largest peers

ISRG: 7.10
SYK: 5.25
UNH: 3.78
ABT: 3.33
MDT: 2.13
CVS: 1.82
MCK: -45.79

Where Intuitive Surgical (ISRG) stands on P/B ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Intuitive Surgical (ISRG) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: ISRG	Industry group median
P/E Ratio (TTM)	40.47	30.56
P/S Ratio (TTM)	11.24	2.05
P/B Ratio (MRQ)	7.10	2.96
Free Cash Flow Yield (TTM)	--	3.73%