All companies
Intuitive Surgical logo
HealthcareISRG

Intuitive Surgical (ISRG) Financial Forecast Calculator

Interactive 5-year forecast and DCF for Intuitive Surgical. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Intuitive Surgical’s most recent SEC filings.

Revenue FY30
$12.73B
from $7.12B
FCF FY30
$1.49B
Margin 11.7%
Enterprise value
$19.89B
2.8× LTM revenue
Equity value
$21.92B
Net debt -$2.03B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
12.3%
-10.0%baseline 12.3%40.0%
Gross margin
67.6%
5.0%baseline 67.6%90.0%
Capex % of revenue
9.4%
0.0%baseline 9.4%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the Intuitive Surgical forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What does Intuitive Surgical (ISRG) do?+

Intuitive Surgical (ISRG) is the global market leader in robotic-assisted, minimally invasive surgery, primarily through its da Vinci and Ion surgical systems. The company designs, manufactures, and markets these systems, along with the proprietary instruments, accessories, and services required for their operation.

How does Intuitive Surgical generate revenue?+

Intuitive Surgical operates on a "razor and razor-blade" business model, where it places capital equipment (the systems) and generates highly recurring, high-margin revenue from instruments, accessories, and service contracts. Recurring revenue accounts for over 80% of its total revenue.

What are Intuitive Surgical's capital expenditure plans?+

Intuitive Surgical's capital expenditure (Capex) is typically 8% to 12% of revenue, currently elevated due to significant manufacturing footprint expansion. Approximately 70% of this capex is growth-oriented, focused on building new manufacturing hubs and expanding global direct operations.

What is the purpose of the Intuitive Surgical financial model?+

The financial model projects Intuitive Surgical's future cash flows and earnings to determine its intrinsic equity valuation. This helps analysts decide whether the stock is a buy, hold, or sell, based on factors like the adoption curve of the new da Vinci 5 system and global procedure growth.

Can I download a financial model for Intuitive Surgical (ISRG)?+

Yes, a downloadable Excel financial model for Intuitive Surgical (ISRG) is available. This model provides a forecast horizon from FY2026 through FY2030 for the company's financial performance.

What is Intuitive Surgical's competitive advantage in the market?+

Intuitive Surgical holds a dominant market leader position in soft-tissue robotic surgery, supported by a massive installed base of over 11,100 da Vinci systems globally. Its deep competitive moat is driven by extensive surgeon training, hospital capital lock-in, and a wealth of clinical data.

Have more financial modelling questions? Contact us

Go further

Build the financial model you need with Fina

Browse templates, examples, and downloadable Excel models for the analysis you are trying to build. If you can't find your model, ask Fina to build a model for your specific needs.

Start for free
Excel financial model spreadsheet preview showing Customer Rollforward
Fina interactive chat interface preview