Stock Analysis on Net
Stock Analysis on Net

Intuitive Surgical Inc. (NASDAQ:ISRG)

Common-Size Income Statement
Quarterly Data

Intuitive Surgical Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Product 83.42 84.21 83.20 83.64 83.30 84.09 83.31 83.46 83.24 84.65 83.42 84.43 83.17 83.79 83.36 84.71 81.93 85.11 83.74 83.93 82.14
Service 16.58 15.79 16.80 16.36 16.70 15.91 16.69 16.54 16.76 15.35 16.58 15.57 16.83 16.21 16.64 15.29 18.07 14.89 16.26 16.07 17.86
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Product -29.32 -29.11 -28.07 -28.36 -29.06 -27.82 -27.07 -27.66 -26.71 -26.76 -25.35 -25.55 -24.71 -27.24 -26.70 -33.31 -26.98 -24.42 -24.58 -25.79 -25.31
Service -4.80 -4.65 -4.99 -4.90 -5.32 -5.06 -5.37 -5.11 -5.42 -4.83 -5.42 -4.53 -5.43 -5.36 -6.10 -7.68 -5.88 -5.46 -5.79 -5.14 -5.93
Cost of revenue -34.13% -33.76% -33.06% -33.26% -34.38% -32.88% -32.45% -32.77% -32.13% -31.59% -30.78% -30.08% -30.14% -32.60% -32.79% -40.98% -32.86% -29.87% -30.37% -30.93% -31.23%
Gross profit 65.87% 66.24% 66.94% 66.74% 65.62% 67.12% 67.55% 67.23% 67.87% 68.41% 69.22% 69.92% 69.86% 67.40% 67.21% 59.02% 67.14% 70.13% 69.63% 69.07% 68.77%
Selling, general and administrative -26.00 -29.41 -25.92 -26.44 -28.33 -29.87 -28.00 -27.49 -26.29 -27.54 -25.89 -23.92 -25.23 -24.84 -27.73 -32.75 -28.02 -26.75 -25.17 -25.41 -28.08
Research and development -15.05 -13.49 -14.30 -13.92 -14.44 -14.75 -13.94 -13.62 -14.15 -11.83 -11.79 -11.09 -12.37 -11.27 -14.38 -16.81 -13.38 -12.26 -12.05 -10.99 -14.79
Operating expenses -41.05% -42.90% -40.22% -40.36% -42.77% -44.62% -41.94% -41.11% -40.44% -39.36% -37.68% -35.01% -37.60% -36.11% -42.12% -49.56% -41.40% -39.01% -37.22% -36.40% -42.87%
Income from operations 24.83% 23.35% 26.71% 26.38% 22.85% 22.51% 25.61% 26.12% 27.43% 29.04% 31.54% 34.92% 32.26% 31.28% 25.09% 9.46% 25.74% 31.12% 32.41% 32.67% 25.90%
Interest and other income (expense), net 3.65 3.41 3.22 2.05 2.02 1.34 0.25 0.61 -0.38 0.25 1.32 1.02 2.48 1.56 7.87 3.12 2.28 2.67 2.95 2.98 2.82
Income before taxes 28.48% 26.75% 29.94% 28.43% 24.87% 23.85% 25.86% 26.73% 27.05% 29.29% 32.86% 35.94% 34.73% 32.84% 32.96% 12.58% 28.02% 33.79% 35.37% 35.65% 28.73%
Income tax (expense) benefit 0.47 4.92 -5.86 -4.17 -3.60 -3.50 -5.01 -6.13 -2.22 -4.61 -5.27 -0.22 -1.05 -5.48 -3.56 -4.34 0.74 -5.40 -0.03 -6.86 2.50
Net income 28.95% 31.67% 24.08% 24.26% 21.27% 20.34% 20.85% 20.60% 24.83% 24.68% 27.59% 35.72% 33.68% 27.36% 29.40% 8.24% 28.76% 28.39% 35.34% 28.79% 31.22%
Net (income) loss attributable to noncontrolling interest in joint venture -0.13 -0.23 -0.24 -0.30 -0.32 -0.71 -0.04 -0.38 -0.26 -0.14 -0.48 -0.40 -0.69 0.12 -0.27 -0.26 -0.25 -0.39 -0.17 0.17 0.26
Net income attributable to Intuitive Surgical, Inc. 28.82% 31.44% 23.84% 23.96% 20.95% 19.63% 20.80% 20.22% 24.57% 24.54% 27.11% 35.33% 32.99% 27.48% 29.13% 7.98% 28.51% 28.00% 35.17% 28.97% 31.48%

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Income from operations The net result for the period of deducting operating expenses from operating revenues. Intuitive Surgical Inc. income from operations as a percentage of revenue decreased from Q3 2023 to Q4 2023 but then slightly increased from Q4 2023 to Q1 2024.
Income before taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Intuitive Surgical Inc. income before taxes as a percentage of revenue decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 not reaching Q3 2023 level.
Net income attributable to Intuitive Surgical, Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Intuitive Surgical Inc. net income attributable to Intuitive Surgical, Inc. as a percentage of revenue increased from Q3 2023 to Q4 2023 but then slightly decreased from Q4 2023 to Q1 2024.