Stock Analysis on Net
Stock Analysis on Net

Intuitive Surgical Inc. (NASDAQ:ISRG)

Common-Size Income Statement

Intuitive Surgical Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Product 84.35 83.61 83.54 83.95 83.39
Service 15.65 16.39 16.46 16.05 16.61
Revenue 100.00% 100.00% 100.00% 100.00% 100.00%
Product -27.69 -28.66 -27.33 -25.64 -28.23
Service -4.85 -4.95 -5.24 -5.03 -6.12
Cost of revenue -32.54% -33.61% -32.56% -30.68% -34.35%
Gross profit 67.46% 66.39% 67.44% 69.32% 65.65%
Selling, general and administrative -25.62 -27.57 -27.96 -25.68 -27.91
Research and development -13.71 -14.02 -14.13 -11.75 -13.65
Operating expenses -39.34% -41.59% -42.09% -37.43% -41.56%
Income from operations 28.12% 24.80% 25.35% 31.89% 24.09%
Interest and other income, net 3.89 2.70 0.48 1.21 3.61
Income before taxes 32.01% 27.50% 25.82% 33.10% 27.69%
Income tax expense -4.03 -1.99 -4.22 -2.84 -3.22
Net income 27.99% 25.51% 21.61% 30.26% 24.48%
Net income attributable to noncontrolling interest in joint venture -0.18 -0.27 -0.36 -0.41 -0.14
Net income attributable to Intuitive Surgical, Inc. 27.81% 25.24% 21.25% 29.85% 24.33%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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 decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
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 2022 to 2023 and from 2023 to 2024.
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 2022 to 2023 and from 2023 to 2024.