ISRG vs. VEEV: Intuitive Surgical vs. Veeva Systems Stock Comparison

November 11, 2026

How do Intuitive Surgical (ISRG) and Veeva Systems (VEEV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Intuitive Surgical (ISRG) and Veeva Systems (VEEV) both fall under the Health Care Equipment & Services industry group, but ISRG is classified in Health Care Equipment & Supplies while VEEV is classified in Health Care Technology.

Company profile comparison for Intuitive Surgical (ISRG) and Veeva Systems (VEEV)
Profile Item	ISRG	VEEV
Name	Intuitive Surgical Inc.	Veeva Systems Inc.
Country/Region	United States	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies	Health Care Technology
GICS Sub-Industry	Health Care Equipment	Health Care Technology
Market Capitalization	159.96 billion USD	49.18 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	June 16, 2000	October 16, 2013
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ISRG

VEEV

GSPC

Intuitive Surgical (ISRG) vs. Veeva Systems (VEEV), with S&P 500 (GSPC) for reference: 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 Veeva Systems (VEEV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Intuitive Surgical (ISRG) and Veeva Systems (VEEV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Intuitive Surgical (ISRG) and Veeva Systems (VEEV)
Metric	ISRG	VEEV
Total Return (1Y)	-17.61%	3.92%
Total Return (3Y, Annualized)	19.20%	22.52%
Total Return (5Y, Annualized)	4.85%	-0.87%

Risk Profile

Drawdown History

ISRG

VEEV

GSPC

Intuitive Surgical (ISRG) vs. Veeva Systems (VEEV), with S&P 500 (GSPC) for reference: 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 Veeva Systems (VEEV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Intuitive Surgical (ISRG) and Veeva Systems (VEEV)
Metric	ISRG	VEEV
Volatility (1Y, Annualized)	35.53%	43.36%
Beta (5Y)	1.41	0.88
Max Drawdown (5Y)	-49.88%	-52.79%
Avg. Volume (3M)	2.43M	1.64M

Risk-Adjusted Performance

Risk-Return Positioning

ISRG and VEEV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Intuitive Surgical (ISRG) and Veeva Systems (VEEV)
Metric	ISRG	VEEV
Sharpe Ratio (1Y)	-0.62	-0.01
Sortino Ratio (1Y)	-0.83	-0.01

Profitability

ROE (TTM)

Both Intuitive Surgical (ISRG) at 17.93% and Veeva Systems (VEEV) at 14.43% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

ISRG

Health Care Equipment & Services industry group

17.93%

Max: 47.61%
ISRG: 17.93%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

VEEV

Health Care Equipment & Services industry group

14.43%

Max: 47.61%
VEEV: 14.43%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Intuitive Surgical (ISRG) vs. Veeva Systems (VEEV): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Intuitive Surgical (ISRG) at 25.54% and Veeva Systems (VEEV) at 29.35% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ISRG

Health Care Equipment & Services industry group

25.54%

Max: 29.35%
ISRG: 25.54%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

VEEV

Health Care Equipment & Services industry group

29.35%

VEEV: 29.35%
Max: 29.35%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

Intuitive Surgical (ISRG) vs. Veeva Systems (VEEV): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both Intuitive Surgical (ISRG) at 33.29% and Veeva Systems (VEEV) at 29.64% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

ISRG

Health Care Equipment & Services industry group

33.29%

Max: 35.43%
ISRG: 33.29%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

VEEV

Health Care Equipment & Services industry group

29.64%

Max: 35.43%
VEEV: 29.64%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

Intuitive Surgical (ISRG) vs. Veeva Systems (VEEV): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Intuitive Surgical (ISRG) and Veeva Systems (VEEV)
Metric	ISRG	VEEV
ROE (TTM)	17.93%	14.43%
ROA (TTM)	11.86%	7.58%
Net Margin (TTM)	25.54%	29.35%
Operating Margin (TTM)	33.29%	29.64%
Gross Margin (TTM)	66.64%	74.96%

Growth

Revenue Growth

Intuitive Surgical (ISRG) at 20.51% sits in the top revenue growth quartile, while Veeva Systems (VEEV) at 16.34% is closer to the peer norm — faster top-line expansion for ISRG.

Intuitive Surgical (ISRG) vs. Veeva Systems (VEEV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Intuitive Surgical (ISRG) at 22.59% and Veeva Systems (VEEV) at 25.93% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Intuitive Surgical (ISRG) vs. Veeva Systems (VEEV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Intuitive Surgical (ISRG) and Veeva Systems (VEEV)
Metric	ISRG	VEEV
Revenue Growth (YoY)	20.51%	16.34%
Revenue Growth (3Y CAGR)	17.39%	14.03%
EPS Growth (YoY)	22.59%	25.93%
EPS Growth (3Y CAGR)	29.19%	21.94%

Financial Strength

Current Ratio (MRQ)

Intuitive Surgical (ISRG) at 3.33 keeps current ratio within its industry’s typical mid-range, while Veeva Systems (VEEV) at 5.46 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

ISRG

Health Care Equipment & Services industry group

3.33

Max: 7.59
Q3: 4.00
ISRG: 3.33
Median: 1.98
Q1: 1.37
Min: 0.30

VEEV

Health Care Equipment & Services industry group

5.46

Max: 7.59
VEEV: 5.46
Q3: 4.00
Median: 1.98
Q1: 1.37
Min: 0.30

Intuitive Surgical (ISRG) vs. Veeva Systems (VEEV): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Veeva Systems (VEEV) carries debt-to-equity ratio of 0.02 against its industry range, while Intuitive Surgical (ISRG) reports no figure this period.

ISRG

Health Care Equipment & Services industry group

Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
Min: 0.00
ISRG: --

VEEV

Health Care Equipment & Services industry group

0.02

Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
VEEV: 0.02
Min: 0.00

Intuitive Surgical (ISRG) vs. Veeva Systems (VEEV): ISRG does not report debt-to-equity ratio, so it has no value marker; VEEV is benchmarked against the Health Care Equipment & Services industry group.

Financial Strength Metrics

Financial strength metrics for Intuitive Surgical (ISRG) and Veeva Systems (VEEV)
Metric	ISRG	VEEV
Current Ratio (MRQ)	3.33	5.46
Debt / Equity (MRQ)	--	0.02
Net Debt / EBITDA	-0.90	-6.59

Dividends

Dividend Yield (TTM)

Neither Intuitive Surgical (ISRG) nor Veeva Systems (VEEV) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

ISRG

Health Care Equipment & Services industry group

0.00%

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

VEEV

Health Care Equipment & Services industry group

0.00%

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

Intuitive Surgical (ISRG) vs. Veeva Systems (VEEV): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Intuitive Surgical (ISRG) nor Veeva Systems (VEEV) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

ISRG

Health Care Equipment & Services industry group

0.00%

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

VEEV

Health Care Equipment & Services industry group

0.00%

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

Intuitive Surgical (ISRG) vs. Veeva Systems (VEEV): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Intuitive Surgical (ISRG) and Veeva Systems (VEEV)
Metric	ISRG	VEEV
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Both Intuitive Surgical (ISRG) at 54.75 and Veeva Systems (VEEV) at 49.79 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

ISRG

Health Care Equipment & Services industry group

54.75

Max: 80.41
ISRG: 54.75
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

VEEV

Health Care Equipment & Services industry group

49.79

Max: 80.41
VEEV: 49.79
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

Intuitive Surgical (ISRG) vs. Veeva Systems (VEEV): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Investors are paying well above the peer range per dollar of sales for both Intuitive Surgical (ISRG) at 13.82 and Veeva Systems (VEEV) at 14.22 — each P/S ratio clears its industry’s benchmark range.

ISRG

Health Care Equipment & Services industry group

13.82

ISRG: 13.82
Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
Min: 0.03

VEEV

Health Care Equipment & Services industry group

14.22

VEEV: 14.22
Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
Min: 0.03

Intuitive Surgical (ISRG) vs. Veeva Systems (VEEV): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Both Intuitive Surgical (ISRG) at 9.82 and Veeva Systems (VEEV) at 6.61 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

ISRG

Health Care Equipment & Services industry group

9.82

Max: 11.68
ISRG: 9.82
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31

VEEV

Health Care Equipment & Services industry group

6.61

Max: 11.68
VEEV: 6.61
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31

Intuitive Surgical (ISRG) vs. Veeva Systems (VEEV): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Intuitive Surgical (ISRG) and Veeva Systems (VEEV)
Metric	ISRG	VEEV
P/E Ratio (TTM)	54.75	49.79
P/S Ratio (TTM)	13.82	14.22
P/B Ratio (MRQ)	9.82	6.61
Free Cash Flow Yield (TTM)	2.15%	2.56%