Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Intuitive Surgical Inc. (NASDAQ:ISRG)

Analysis of Profitability Ratios

Beginner level

Profitability Ratios (Summary)

Intuitive Surgical Inc., profitability ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Return on Sales
Gross profit margin 65.65% 69.45% 69.92% 70.12% 69.89%
Operating profit margin 24.09% 30.69% 32.21% 33.71% 34.95%
Net profit margin 24.33% 30.80% 30.29% 21.09% 27.21%
Return on Investment
Return on equity (ROE) 10.90% 16.69% 16.89% 13.97% 12.74%
Return on assets (ROA) 9.50% 14.17% 14.37% 11.46% 11.34%

Based on: 10-K (filing date: 2021-02-10), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Intuitive Surgical Inc.’s gross profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Intuitive Surgical Inc.’s operating profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Intuitive Surgical Inc.’s net profit margin ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Intuitive Surgical Inc.’s ROE deteriorated from 2018 to 2019 and from 2019 to 2020.
ROA A profitability ratio calculated as net income divided by total assets. Intuitive Surgical Inc.’s ROA deteriorated from 2018 to 2019 and from 2019 to 2020.

Gross Profit Margin

Intuitive Surgical Inc., gross profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in thousands)
Gross profit 2,861,200  3,110,200  2,604,100  2,194,100  1,890,100 
Revenue 4,358,400  4,478,500  3,724,200  3,128,900  2,704,400 
Profitability Ratio
Gross profit margin1 65.65% 69.45% 69.92% 70.12% 69.89%
Benchmarks
Gross Profit Margin, Competitors2
Abbott Laboratories 50.49% 52.46% 51.32% 47.75% 54.09%
Becton, Dickinson & Co. 44.27% 47.94% 45.44% 49.14% 47.99%
Boston Scientific Corp. 65.05% 70.98% 71.37% 71.34% 71.09%
Bristol-Myers Squibb Co. 72.31% 69.10% 70.98% 70.80% 74.54%
CVS Health Corp. 18.01% 17.41% 15.92% 15.45% 16.26%
Danaher Corp. 55.98% 55.74% 55.83% 55.61% 55.29%
Edwards Lifesciences Corp. 75.36% 74.37% 74.77% 74.52% 73.09%
Medtronic PLC 67.41% 70.04% 69.77% 68.73% 68.29%
Stryker Corp. 63.11% 65.14% 65.72% 65.68% 66.18%
UnitedHealth Group Inc. 25.62% 23.19% 23.33% 22.98% 23.13%

Based on: 10-K (filing date: 2021-02-10), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06).

1 2020 Calculation
Gross profit margin = 100 × Gross profit ÷ Revenue
= 100 × 2,861,200 ÷ 4,358,400 = 65.65%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Intuitive Surgical Inc.’s gross profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Operating Profit Margin

Intuitive Surgical Inc., operating profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in thousands)
Income from operations 1,049,800  1,374,500  1,199,400  1,054,600  945,200 
Revenue 4,358,400  4,478,500  3,724,200  3,128,900  2,704,400 
Profitability Ratio
Operating profit margin1 24.09% 30.69% 32.21% 33.71% 34.95%
Benchmarks
Operating Profit Margin, Competitors2
Abbott Laboratories 15.48% 14.21% 11.94% 6.30% 15.27%
Becton, Dickinson & Co. 8.67% 10.18% 9.37% 12.22% 11.46%
Boston Scientific Corp. -0.81% 14.14% 15.33% 14.20% 5.33%
Bristol-Myers Squibb Co. -21.60% 22.62% 22.69% 17.39% 23.83%
CVS Health Corp. 5.19% 4.69% 2.07% 5.15% 5.84%
Danaher Corp. 18.99% 18.25% 17.11% 16.48% 16.29%
Edwards Lifesciences Corp. 20.46% 26.38% 20.10% 31.89% 25.35%
Medtronic PLC 16.57% 20.51% 22.20% 17.94% 18.35%
Stryker Corp. 15.49% 18.23% 18.65% 18.40% 19.13%
UnitedHealth Group Inc. 8.76% 8.19% 7.71% 7.60% 7.03%
Operating Profit Margin, Sector
Health Care Equipment & Services 6.71% 9.20% 8.38% 8.75% 9.25%
Operating Profit Margin, Industry
Health Care 12.21% 14.97% 14.34% 15.46% 16.55%

Based on: 10-K (filing date: 2021-02-10), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06).

1 2020 Calculation
Operating profit margin = 100 × Income from operations ÷ Revenue
= 100 × 1,049,800 ÷ 4,358,400 = 24.09%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Intuitive Surgical Inc.’s operating profit margin ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Net Profit Margin

Intuitive Surgical Inc., net profit margin calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in thousands)
Net income attributable to Intuitive Surgical, Inc. 1,060,600  1,379,300  1,127,900  660,000  735,900 
Revenue 4,358,400  4,478,500  3,724,200  3,128,900  2,704,400 
Profitability Ratio
Net profit margin1 24.33% 30.80% 30.29% 21.09% 27.21%
Benchmarks
Net Profit Margin, Competitors2
Abbott Laboratories 12.99% 11.56% 7.74% 1.74% 6.71%
Becton, Dickinson & Co. 5.11% 7.13% 1.95% 9.10% 7.82%
Boston Scientific Corp. -0.83% 43.78% 17.01% 1.15% 4.14%
Bristol-Myers Squibb Co. -21.20% 13.15% 21.81% 4.85% 22.94%
CVS Health Corp. 2.68% 2.59% -0.31% 3.58% 3.00%
Danaher Corp. 16.36% 16.80% 13.33% 13.60% 15.13%
Edwards Lifesciences Corp. 18.77% 24.08% 19.40% 16.99% 19.22%
Medtronic PLC 16.56% 15.16% 10.36% 13.56% 12.27%
Stryker Corp. 11.14% 13.99% 26.12% 8.20% 14.54%
UnitedHealth Group Inc. 6.03% 5.76% 5.33% 5.28% 3.81%
Net Profit Margin, Sector
Health Care Equipment & Services 4.38% 6.98% 5.60% 5.50% 5.88%
Net Profit Margin, Industry
Health Care 8.86% 12.75% 10.69% 8.54% 11.60%

Based on: 10-K (filing date: 2021-02-10), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06).

1 2020 Calculation
Net profit margin = 100 × Net income attributable to Intuitive Surgical, Inc. ÷ Revenue
= 100 × 1,060,600 ÷ 4,358,400 = 24.33%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Intuitive Surgical Inc.’s net profit margin ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Return on Equity (ROE)

Intuitive Surgical Inc., ROE calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in thousands)
Net income attributable to Intuitive Surgical, Inc. 1,060,600  1,379,300  1,127,900  660,000  735,900 
Total Intuitive Surgical, Inc. stockholders’ equity 9,731,500  8,263,800  6,678,800  4,725,200  5,777,800 
Profitability Ratio
ROE1 10.90% 16.69% 16.89% 13.97% 12.74%
Benchmarks
ROE, Competitors2
Abbott Laboratories 13.71% 11.86% 7.76% 1.54% 6.82%
Becton, Dickinson & Co. 3.68% 5.85% 1.48% 8.50% 12.79%
Boston Scientific Corp. -0.54% 33.87% 19.15% 1.48% 5.15%
Bristol-Myers Squibb Co. -23.84% 6.66% 35.07% 8.58% 27.55%
CVS Health Corp. 10.35% 10.39% -1.02% 17.57% 14.44%
Danaher Corp. 9.17% 9.94% 9.40% 9.45% 11.10%
Edwards Lifesciences Corp. 18.00% 25.24% 23.00% 19.74% 21.74%
Medtronic PLC 9.44% 9.25% 6.12% 8.01% 6.80%
Stryker Corp. 12.22% 16.26% 30.29% 10.23% 17.25%
UnitedHealth Group Inc. 23.52% 24.02% 23.19% 22.10% 18.33%
ROE, Sector
Health Care Equipment & Services 8.49% 13.25% 11.18% 11.82% 13.03%
ROE, Industry
Health Care 15.06% 21.95% 18.53% 13.89% 18.58%

Based on: 10-K (filing date: 2021-02-10), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06).

1 2020 Calculation
ROE = 100 × Net income attributable to Intuitive Surgical, Inc. ÷ Total Intuitive Surgical, Inc. stockholders’ equity
= 100 × 1,060,600 ÷ 9,731,500 = 10.90%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Intuitive Surgical Inc.’s ROE deteriorated from 2018 to 2019 and from 2019 to 2020.

Return on Assets (ROA)

Intuitive Surgical Inc., ROA calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in thousands)
Net income attributable to Intuitive Surgical, Inc. 1,060,600  1,379,300  1,127,900  660,000  735,900 
Total assets 11,168,900  9,733,200  7,846,700  5,758,000  6,486,900 
Profitability Ratio
ROA1 9.50% 14.17% 14.37% 11.46% 11.34%
Benchmarks
ROA, Competitors2
Abbott Laboratories 6.20% 5.43% 3.53% 0.63% 2.66%
Becton, Dickinson & Co. 1.62% 2.38% 0.58% 2.92% 3.81%
Boston Scientific Corp. -0.27% 15.38% 7.96% 0.55% 1.92%
Bristol-Myers Squibb Co. -7.61% 2.65% 14.06% 3.00% 13.22%
CVS Health Corp. 3.11% 2.98% -0.30% 6.96% 5.63%
Danaher Corp. 4.79% 4.85% 5.54% 5.34% 5.64%
Edwards Lifesciences Corp. 11.38% 16.14% 13.57% 10.25% 12.63%
Medtronic PLC 5.28% 5.16% 3.40% 4.04% 3.55%
Stryker Corp. 4.66% 6.90% 13.05% 4.60% 8.06%
UnitedHealth Group Inc. 7.81% 7.96% 7.87% 7.59% 5.71%
ROA, Sector
Health Care Equipment & Services 3.33% 5.22% 4.51% 4.93% 5.45%
ROA, Industry
Health Care 5.20% 7.67% 6.69% 5.24% 7.31%

Based on: 10-K (filing date: 2021-02-10), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06).

1 2020 Calculation
ROA = 100 × Net income attributable to Intuitive Surgical, Inc. ÷ Total assets
= 100 × 1,060,600 ÷ 11,168,900 = 9.50%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Intuitive Surgical Inc.’s ROA deteriorated from 2018 to 2019 and from 2019 to 2020.