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In this report, Intuitive Surgical, Intuitive, the Company, we, us, and our refer to Intuitive Surgical, Inc. and its wholly and majority-owned subsidiaries. Product and brand names and logos, including Intuitive, da Vinci, and Ion, are trademarks or registered trademarks of Intuitive Surgical, Inc. or one of its subsidiaries or of their respective owners.
$439.80
$9.23 (-2.06%)
Price from 13 days ago
29.27% operating margin is above average. ROIC at 14.52%.
Revenue grew 20.5%, still solid.
At 53x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
53.4x earnings, 55.8x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$10.58B
▲ +20.5% YoY
Net Income (TTM)
$2.98B
▲ +23.0% YoY
Op. Margin
30.45%
▲ +1.1pp YoY
ROIC
15.02%
▲ +1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$2.83B
▲ +91.0% YoY
Op. Cash Flow (TTM)
$3.36B
▲ +25.5% YoY
Net Debt
-$4.52B
Net Cash Position
Cash & Equiv.
$4.52B
5Y CAGR: +18.2%
5Y CAGR: +16.9%
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