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)

Microsoft Excel
3 months ended: Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 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
Product 83.89 85.61 83.86 84.21 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
Service 16.11 14.39 16.14 15.79 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
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 -29.76 -27.51 -27.25 -26.84 -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
Service -5.55 -4.45 -5.34 -4.87 -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
Cost of revenue -35.31% -31.96% -32.59% -31.70% -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%
Gross profit 64.69% 68.04% 67.41% 68.30% 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%
Selling, general and administrative -25.00 -25.38 -25.05 -26.14 -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
Research and development -14.03 -12.21 -14.03 -13.94 -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
Operating expenses -39.03% -37.59% -39.09% -40.07% -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%
Income from operations 25.65% 30.45% 28.33% 28.23% 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%
Interest and other income (expense), net 4.01 3.10 4.60 4.34 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
Income before taxes 29.67% 33.55% 32.92% 32.56% 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%
Income tax (expense) benefit 1.56 -5.05 -4.93 -6.12 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
Net income 31.23% 28.51% 28.00% 26.44% 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%
Net income attributable to noncontrolling interest in joint venture -0.24 -0.10 -0.27 -0.23 -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
Net income attributable to Intuitive Surgical, Inc. 30.99% 28.41% 27.73% 26.22% 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%

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 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).

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 increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.
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 increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.
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 2024 to Q4 2024 and from Q4 2024 to Q1 2025.