# ISRG · Intuitive Surgical Inc Snapshot 2026-10-26 · CIK 0001035267 · Nasdaq · Orthopedic, Prosthetic & Surgical Appliances & Supplies Price 452.29 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 156.78 B Machine-readable: https://theclaudetrader.com/s/ISRG.json · index: https://theclaudetrader.com/llms.txt ## Scores ### Graham Defensive: 60.0 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2014–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 23, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham - 1 Adequate size: 10.06 revenue $B · threshold >= 1 · points 5.0/5 - 2a Current ratio: 3.33 · threshold >= 2.0 · points 15.0/15 - 2b Long-term debt vs working capital: 0.12 LTD / WC · threshold <= 1.0 · points 15.0/15 - 3 Positive earnings each of 10 years: 10 of 10 · threshold 10 of 10 · points 15.0/15 - 4 Dividends every year for 20 years: 0 of 20 · threshold 20 of 20 · points 0.0/15 - 5 EPS growth, 3-yr avg now vs 10 yrs ago: 1.68 -> 6.44 (+283%) · threshold >= +33% · points 10.0/10 - 6 P/E on 3-year average EPS: 70.2 · threshold <= 15 · points 0.0/15 - 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 9.81, product 688.8 · threshold <= 1.5 or <= 22.5 · points 0.0/10 Inputs: - Price (close, per traded unit): 452.29 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Revenue: 10064700000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - liabilities: 3231300000.0 · 2026-09-30 · SEC XBRL Liabilities · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - current_liabilities: 2533000000.0 · 2026-09-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - current_assets: 8428300000.0 · 2026-09-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - current_liabilities: 2533000000.0 · 2026-09-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - equity: 15986200000.0 · 2026-09-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - Net income FY2016: 738300000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526719000012/ · unverified - Net income FY2017: 670900000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526720000032/ · unverified - Net income FY2018: 1127900000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526721000028/ · unverified - Net income FY2019: 1379300000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526722000014/ · unverified - Net income FY2020: 1060600000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526723000019/ · unverified - Net income FY2021: 1704600000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526724000021/ · unverified - Net income FY2022: 1322300000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526725000017/ · unverified - Net income FY2023: 1798000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Net income FY2024: 2322600000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Net income FY2025: 2856000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Dividend years (Yahoo): [] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/ISRG/history?filter=div · unverified - EPS diluted FY2014: 1.2344 · 2014-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035267/000103526717000021/ · unverified - EPS diluted FY2015: 1.7267 · 2015-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035267/000103526718000013/ · unverified - EPS diluted FY2016: 2.0867 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035267/000103526719000012/ · unverified - EPS diluted FY2023: 5.03 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - EPS diluted FY2024: 6.42 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - EPS diluted FY2025: 7.87 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Shares outstanding: 346643718.0 · 2026-10-15 · SEC cover page 10-Q 0001035267-26-000071 (346,643,718 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/isrg-20260930.htm · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/R1.htm ### Magic Formula: — (insufficient data (debt unknown: no debt concept reported in the last 18 months)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula ### Momentum: 27.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum - 12-1 month return: -27.8 % · threshold · points 4.1/50 - 6 month return: -5.5 % · threshold · points 5.7/20 - Price / 52-week high: 0.763 · threshold · points 11.4/15 - Volatility penalty (60d annualised): 31.6 % · threshold · points 5.7/15 Inputs: - Adjusted close series (14 months): 452.29 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · ### Insider: 0.0 (no open-market transactions in window) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider - Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold · points 0.0/35 - Distinct buyers: 0 · threshold · points 0.0/25 - Buyer seniority: 0.0 · threshold · points 0.0/20 - Recency (half-life 30d): 0.0 · threshold · points 0.0/10 - Sales penalty (excludes 10b5-1 plan sales): 0.0 bp · threshold · points -0.0/0 Inputs: - excluded 2026-09-15 S: 10b5-1 plan · · rule · - excluded 2026-09-15 S: 10b5-1 plan · · rule · - excluded 2026-09-11 S: 10b5-1 plan · · rule · - excluded 2026-09-10 S: 10b5-1 plan · · rule · - excluded 2026-09-09 S: 10b5-1 plan · · rule · - excluded 2026-09-08 S: 10b5-1 plan · · rule · - excluded 2026-08-21 S: 10b5-1 plan · · rule · - excluded 2026-08-20 S: 10b5-1 plan · · rule · - excluded 2026-08-19 S: 10b5-1 plan · · rule · - excluded 2026-08-18 S: 10b5-1 plan · · rule · - excluded 2026-08-17 S: 10b5-1 plan · · rule · - excluded 2026-08-11 S: 10b5-1 plan · · rule · - excluded 2026-08-11 S: 10b5-1 plan · · rule · - excluded 2026-08-10 S: 10b5-1 plan · · rule · - excluded 2026-08-10 S: 10b5-1 plan · · rule · - excluded 2026-07-31 S: 10b5-1 plan · · rule · - excluded 2026-07-30 S: 10b5-1 plan · · rule · - excluded 2026-07-29 S: 10b5-1 plan · · rule · - excluded 2026-07-28 S: 10b5-1 plan · · rule · ### Buffett Quality: 62.0 (partial: 4) · complete: False · missing tests: 4 · current inputs as of 2026-10-15 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 46, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett - 1 Average return on equity (net income / year-end equity): 14.3% over 8 yrs · threshold >= 15% · points 22.5/25 - 2 Profitable every year: 10 of 10 · threshold all years · points 15.0/15 - 3 Net income growth, 3-yr average now vs start of window: +15.5% a year · threshold >= +10% · points 10.0/10 - 4 Borrowings / 3-yr average earnings (years to repay): None · threshold <= 4 · points None/15 - 5 Operating margin, 5-yr average: 27.9% · threshold >= 20% · points 10.0/10 - 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 0.72 · threshold >= 1.0 · points 4.5/10 - 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 1.0% · threshold >= 7% · points 0.0/15 Inputs: - Price (close, per traded unit): 452.29 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Net income FY2018: 1127900000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526721000028/ · unverified - Equity at FY2018 end: 6678800000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035267/000103526720000032/ · unverified - Net income FY2019: 1379300000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526722000014/ · unverified - Equity at FY2019 end: 8263800000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035267/000103526721000028/ · unverified - Net income FY2020: 1060600000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526723000019/ · unverified - Equity at FY2020 end: 9731500000.0 · 2020-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035267/000103526722000014/ · unverified - Net income FY2021: 1704600000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526724000021/ · unverified - Equity at FY2021 end: 11901100000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035267/000103526723000019/ · unverified - Net income FY2022: 1322300000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526725000017/ · unverified - Equity at FY2022 end: 11041900000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035267/000103526724000021/ · unverified - Net income FY2023: 1798000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Equity at FY2023 end: 13307600000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035267/000103526725000017/ · unverified - Net income FY2024: 2322600000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Equity at FY2024 end: 16433700000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Net income FY2025: 2856000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Equity at FY2025 end: 17824000000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - Net income FY2016: 738300000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526719000012/ · unverified - Net income FY2017: 670900000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526720000032/ · unverified - Net income FY2018: 1127900000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526721000028/ · unverified - Net income FY2019: 1379300000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526722000014/ · unverified - Net income FY2020: 1060600000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526723000019/ · unverified - Net income FY2021: 1704600000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526724000021/ · unverified - Net income FY2022: 1322300000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526725000017/ · unverified - Net income FY2023: 1798000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Net income FY2024: 2322600000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Net income FY2025: 2856000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Operating income FY2021: 1821000000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526724000021/ · unverified - Revenue FY2021: 5710100000.0 · 2021-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1035267/000103526724000021/ · unverified - Operating income FY2022: 1577100000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526725000017/ · unverified - Revenue FY2022: 6222200000.0 · 2022-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1035267/000103526725000017/ · unverified - Operating income FY2023: 1766800000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Revenue FY2023: 7124100000.0 · 2023-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Operating income FY2024: 2348900000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Revenue FY2024: 8352100000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Operating income FY2025: 2945500000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Revenue FY2025: 10064700000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Operating cash flow FY2021: 2089400000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1035267/000103526724000021/ · unverified - Capital expenditure FY2021: 339500000.0 · 2021-12-31 · SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) · https://www.sec.gov/Archives/edgar/data/1035267/000103526724000021/ · unverified - Operating cash flow FY2022: 1490800000.0 · 2022-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1035267/000103526725000017/ · unverified ### Lynch GARP: 32.0 (partial: 4, 6) · complete: False · missing tests: 4, 6 · current inputs as of None · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 2, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch - 1 PEG: P/E divided by 5-yr EPS growth (in % points): 2.64 · threshold <= 1.0 · points 0.0/30 - 2 EPS growth, 5-yr compound rate: +21.8% a year · threshold 12% to 35% a year · points 20.0/20 - 3 P/E on latest annual EPS: 57.5 · threshold <= 25 · points 0.0/10 - 4 Borrowings / equity: None · threshold <= 0.5 · points None/15 - 5 Years of the last 5 in which EPS rose: 4 of 5 · threshold 5 of 5 · points 12.0/15 - 6 Net cash (cash minus borrowings) / market cap: None · threshold >= +10% · points None/10 Inputs: - Price (close, per traded unit): 452.29 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - EPS diluted FY2025: 7.87 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - EPS diluted FY2020: 2.94 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035267/000103526723000019/ · unverified ### Graham Enterprising: 40.0 (partial: 2) · complete: False · missing tests: 2 · current inputs as of 2026-09-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 11, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising - 1 Current ratio: 3.33 · threshold >= 1.5 · points 15.0/15 - 2 Borrowings vs working capital: None · threshold <= 1.1x · points None/15 - 3 No earnings deficit in the last 5 years: 5 of 5 profitable · threshold 5 of 5 · points 15.0/15 - 4 Pays a current dividend: no · threshold yes · points 0.0/10 - 5 EPS higher than five years earlier: 2.94 -> 7.87 · threshold higher · points 10.0/10 - 6 Price / book value per share: 9.81 · threshold <= 1.2 · points 0.0/20 - 7 Price / net current asset value per share (current assets minus all liabilities): 30.17 · threshold <= 0.67 · points 0.0/15 Inputs: - Price (close, per traded unit): 452.29 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - current_assets: 8428300000.0 · 2026-09-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - current_liabilities: 2533000000.0 · 2026-09-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - Net income FY2021: 1704600000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526724000021/ · unverified - Net income FY2022: 1322300000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526725000017/ · unverified - Net income FY2023: 1798000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Net income FY2024: 2322600000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Net income FY2025: 2856000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - Dividend years (Yahoo): [] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/ISRG/history?filter=div - EPS diluted FY2025: 7.87 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - EPS diluted FY2020: 2.94 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1035267/000103526723000019/ · unverified - equity: 15986200000.0 · 2026-09-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - Shares outstanding: 346643718.0 · 2026-10-15 · SEC cover page 10-Q 0001035267-26-000071 (346,643,718 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/isrg-20260930.htm · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/R1.htm - liabilities: 3231300000.0 · 2026-09-30 · SEC XBRL Liabilities · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified ### Piotroski F-Score: 88.9 (partial: 5) · complete: False · missing tests: 5 · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 23, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski - 1 Return on assets is positive: 14.0% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 2 Operating cash flow is positive: 3,030M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 3 Return on assets improved on the prior year: 12.4% -> 14.0% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 4 Operating cash flow exceeds net income (accruals): 3,030M vs 2,856M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 5 Long-term debt / assets fell: None · threshold pass = 1 · points None/11.11111111111111 - 6 Current ratio improved: 4.07 -> 4.87 · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 7 No new shares issued (share count did not rise): 354M -> 347M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 28.1% -> 29.3% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 9 Asset turnover (revenue / assets) improved: 0.45 -> 0.49 · threshold pass = 1 · points 11.11111111111111/11.11111111111111 Inputs: - net_income 2025-12-31: 2856000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - total_assets 2025-12-31: 20458700000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - cfo 2025-12-31: 3030500000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - net_income 2025-12-31: 2856000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - net_income 2024-12-31: 2322600000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - total_assets 2025-12-31: 20458700000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - total_assets 2024-12-31: 18743200000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - cfo 2025-12-31: 3030500000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - net_income 2025-12-31: 2856000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - current_assets 2025-12-31: 9779500000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - current_assets 2024-12-31: 7111000000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - current_liabilities 2025-12-31: 2006200000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - current_liabilities 2024-12-31: 1745300000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - shares_out 2026-10-15: 346643718.0 · 2026-10-15 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - shares_out 2025-10-16: 354496073.0 · 2025-10-16 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1035267/000103526725000209/ · unverified - operating_income 2025-12-31: 2945500000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - operating_income 2024-12-31: 2348900000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - revenue 2025-12-31: 10064700000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - revenue 2024-12-31: 8352100000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - revenue 2025-12-31: 10064700000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - revenue 2024-12-31: 8352100000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified - total_assets 2025-12-31: 20458700000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/ · unverified - total_assets 2024-12-31: 18743200000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ · unverified ## Market value, source trail - Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used - Traded price: 452.29 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1 - SEC shares outstanding: 346,643,718 underlying shares, period 2026-10-15, SEC cover page 10-Q 0001035267-26-000071 (346,643,718 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/isrg-20260930.htm, accession 0001035267-26-000071 · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000071/R1.htm - Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None - Market value (price date x latest reported shares): 156,783,487,214 USD; 452.29 (price 2026-10-23) / 1 x 346,643,718 (shares at 2026-10-15) = 156,783,487,214 ## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends) - FY2013 (ended 2013-12-31): 2265100000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526716000130/ - FY2014 (ended 2014-12-31): 2131700000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526717000021/ - FY2015 (ended 2015-12-31): 2384400000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526718000013/ - FY2016 (ended 2016-12-31): 2706500000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526719000012/ - FY2017 (ended 2017-12-31): 3138200000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526720000032/ - FY2018 (ended 2018-12-31): 3724200000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526721000028/ - FY2019 (ended 2019-12-31): 4478500000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526722000014/ - FY2020 (ended 2020-12-31): 4358400000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526723000019/ - FY2021 (ended 2021-12-31): 5710100000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526724000021/ - FY2022 (ended 2022-12-31): 6222200000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526725000017/ - FY2023 (ended 2023-12-31): 7124100000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ - FY2024 (ended 2024-12-31): 8352100000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ - FY2025 (ended 2025-12-31): 10064700000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ ## Net income by fiscal year (SEC XBRL) - FY2013 (ended 2013-12-31): 671000000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526716000130/ - FY2014 (ended 2014-12-31): 418800000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526717000021/ - FY2015 (ended 2015-12-31): 588800000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526718000013/ - FY2016 (ended 2016-12-31): 738300000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526719000012/ - FY2017 (ended 2017-12-31): 670900000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526720000032/ - FY2018 (ended 2018-12-31): 1127900000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526721000028/ - FY2019 (ended 2019-12-31): 1379300000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526722000014/ - FY2020 (ended 2020-12-31): 1060600000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526723000019/ - FY2021 (ended 2021-12-31): 1704600000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526724000021/ - FY2022 (ended 2022-12-31): 1322300000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526725000017/ - FY2023 (ended 2023-12-31): 1798000000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ - FY2024 (ended 2024-12-31): 2322600000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ - FY2025 (ended 2025-12-31): 2856000000.0 · https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/ ## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets) - FY2013 (ended 2013-12-31): 1.8589 [filed 16.73, split factor 9.0] - FY2014 (ended 2014-12-31): 1.2344 [filed 11.11, split factor 9.0] - FY2015 (ended 2015-12-31): 1.7267 [filed 5.18, split factor 3.0] - FY2016 (ended 2016-12-31): 2.0867 [filed 6.26, split factor 3.0] - FY2017 (ended 2017-12-31): 1.9233 [filed 5.77, split factor 3.0] - FY2018 (ended 2018-12-31): 3.1633 [filed 9.49, split factor 3.0] - FY2019 (ended 2019-12-31): 3.85 [filed 3.85, split factor 1.0] - FY2020 (ended 2020-12-31): 2.94 [filed 2.94, split factor 1.0] - FY2021 (ended 2021-12-31): 4.66 [filed 4.66, split factor 1.0] - FY2022 (ended 2022-12-31): 3.65 [filed 3.65, split factor 1.0] - FY2023 (ended 2023-12-31): 5.03 [filed 5.03, split factor 1.0] - FY2024 (ended 2024-12-31): 6.42 [filed 6.42, split factor 1.0] - FY2025 (ended 2025-12-31): 7.87 [filed 7.87, split factor 1.0] ## Dividend years (Yahoo history) none ## Insider transactions (SEC Form 4 data set, latest 40) - 2026-09-15 S Widman Fredrik (officer) 546 @ 374.44 = 204444 · https://www.sec.gov/Archives/edgar/data/1035267/000189797026000008/ - 2026-09-15 S Widman Fredrik (officer) 543 @ 374.44 = 203321 · https://www.sec.gov/Archives/edgar/data/1035267/000189797026000008/ - 2026-09-11 S Brosius Mark (officer) 25 @ 365.79 = 9145 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000033/ - 2026-09-10 S Brosius Mark (officer) 23 @ 347.66 = 7996 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000033/ - 2026-09-09 S Brosius Mark (officer) 23 @ 350.20 = 8055 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000031/ - 2026-09-08 S Brosius Mark (officer) 46 @ 361.23 = 16617 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000031/ - 2026-08-21 S Brosius Mark (officer) 77 @ 375.57 = 28919 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000029/ - 2026-08-20 S Brosius Mark (officer) 77 @ 396.37 = 30520 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000029/ - 2026-08-19 S Brosius Mark (officer) 77 @ 394.26 = 30358 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000027/ - 2026-08-18 S Brosius Mark (officer) 77 @ 394.00 = 30338 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000027/ - 2026-08-17 S Brosius Mark (officer) 77 @ 390.67 = 30082 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000027/ - 2026-08-11 S Ladd Amy L (director) 72 @ 393.10 = 28303 · https://www.sec.gov/Archives/edgar/data/1035267/000178175026000006/ - 2026-08-11 S GUTHART GARY S (director) 10000 @ 400.00 = 4000000 · https://www.sec.gov/Archives/edgar/data/1035267/000128062826000014/ - 2026-08-10 S LOEB GARY (officer) 400 @ 379.00 = 151600 · https://www.sec.gov/Archives/edgar/data/1035267/000156173326000014/ - 2026-08-10 S Ladd Amy L (director) 400 @ 379.00 = 151600 · https://www.sec.gov/Archives/edgar/data/1035267/000178175026000006/ - 2026-07-31 S Brosius Mark (officer) 28 @ 351.00 = 9828 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000025/ - 2026-07-30 S Brosius Mark (officer) 28 @ 346.83 = 9711 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000025/ - 2026-07-29 S Brosius Mark (officer) 28 @ 360.21 = 10086 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000023/ - 2026-07-28 S Brosius Mark (officer) 28 @ 365.58 = 10236 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000023/ - 2026-07-27 S Brosius Mark (officer) 28 @ 344.00 = 9632 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000023/ - 2026-06-12 S Brosius Mark (officer) 25 @ 414.13 = 10353 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000021/ - 2026-06-11 S Brosius Mark (officer) 23 @ 412.16 = 9480 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000021/ - 2026-06-10 S LOEB GARY (officer) 400 @ 424.14 = 169656 · https://www.sec.gov/Archives/edgar/data/1035267/000156173326000012/ - 2026-06-10 S Brosius Mark (officer) 23 @ 424.14 = 9755 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000019/ - 2026-06-09 S Brosius Mark (officer) 23 @ 421.13 = 9686 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000019/ - 2026-06-08 S Brosius Mark (officer) 23 @ 420.12 = 9663 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000019/ - 2026-06-01 S Jeddi Iman (officer) 5625 @ 420.55 = 2365594 · https://www.sec.gov/Archives/edgar/data/1035267/000210689826000015/ - 2026-05-22 S Brosius Mark (officer) 18 @ 439.80 = 7916 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000017/ - 2026-05-21 S Brosius Mark (officer) 18 @ 446.04 = 8029 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000017/ - 2026-05-20 S Brosius Mark (officer) 18 @ 440.38 = 7927 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000015/ - 2026-05-19 S Brosius Mark (officer) 18 @ 440.70 = 7933 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000015/ - 2026-05-18 S Brosius Mark (officer) 18 @ 422.47 = 7604 · https://www.sec.gov/Archives/edgar/data/1035267/000201030026000015/ - 2026-05-11 S LOEB GARY (officer) 400 @ 446.95 = 178780 · https://www.sec.gov/Archives/edgar/data/1035267/000156173326000010/ - 2026-04-29 S Ladd Amy L (director) 119 @ 463.50 = 55156 · https://www.sec.gov/Archives/edgar/data/1035267/000178175026000002/ - 2026-04-28 S Ladd Amy L (director) 500 @ 473.46 = 236730 · https://www.sec.gov/Archives/edgar/data/1035267/000178175026000002/ ## Links - sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001035267 - sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001035267.json - sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001035267&type=4 - sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001035267&type=8-K - yahoo: https://finance.yahoo.com/quote/ISRG - stooq: https://stooq.com/q/d/?s=isrg.us - morningstar (link only, nothing stored): https://www.morningstar.com/search?query=ISRG - finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=ISRG - stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/isrg/ - seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/ISRG - openinsider (link only, nothing stored): http://openinsider.com/search?q=ISRG - google_news (link only, nothing stored): https://news.google.com/rss/search?q=ISRG+stock Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/ISRG; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.