Intuitive Surgical (ISRG) FY2024 results: revenue $8.4 billion, up 17.2% on the year
Intuitive Surgical Inc. (ISRG) reported revenue of $8.4 billion for fiscal 2024, the year ended 31 December 2024, up 17.2% on the year before. Net income was $2.3 billion, up 29.2%, and diluted earnings per share $6.42. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2025.
Revenue
$8.4 billion
+17.2% on the year
FY2017FY2024
Operating margin
28.1%
24.8% a year earlier
FY2017FY2024
Net income
$2.3 billion
+29.2% on the year
FY2017FY2024
Diluted EPS
$6.42
+27.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,415
1,814
1,491
+33.1%
Capital expenditure
1,111
1,064
532
+4.4%
Free cash flow
1,304
750
958
+73.9%
Free cash flow margin
15.6%
10.5%
15.4%
Cash from investing
-3,273
-360
1,371
Cash from financing
151
-288
-2,572
Depreciation and amortisation
456
402
354
+13.3%
Share-based compensation
677
593
513
+14.2%
Buybacks
0.0
416
2,607
Diluted shares, weighted
362m
357m
362m
+1.3%
Shares outstanding at period end
357m
352m
350m
+1.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
16,434
13,308
11,042
+23.5%
Non-controlling interest
95.9
89.7
70.7
+6.9%
Debt
0.0
0.0
0.0
Operating lease liabilities
112
64.5
69.6
+74.4%
Other liabilities
2,101
1,980
1,792
+6.1%
Total liabilities and equity
18,743
15,442
12,974
+21.4%
Fixed assets
4,647
3,538
2,374
+31.3%
Goodwill
348
349
348
-0.3%
Intangible assets
23.0
39.1
49.8
-41.2%
Investments
6,805
4,593
5,160
+48.2%
Cash and equivalents
2,027
2,750
1,581
-26.3%
Receivables
1,225
1,130
942
+8.4%
Inventory
1,487
1,221
893
+21.8%
Other assets
2,181
1,822
1,625
+19.7%
Total assets
18,743
15,442
12,974
+21.4%
10-K for the year ended 31 December 2024, filed 31 January 2025: the filing.