Stock Analysis on Net
Stock Analysis on Net

Intuitive Surgical Inc. (NASDAQ:ISRG)

$24.99

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

Intuitive Surgical Inc., ROA, long-term trends, calculation

Microsoft Excel
ROA = 100 × Net income attributable to Intuitive Surgical, Inc.1 ÷ Total assets1
Dec 31, 2025 = 100 × ÷
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Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

The Return on Assets (ROA) for the period between 2005 and 2025 demonstrates considerable fluctuation, generally trending upwards with notable dips in specific years. Initial values indicate a strong ROA, followed by a period of relative stability and then a resurgence. A detailed examination reveals distinct phases in the company’s asset utilization efficiency.

Initial Growth & Volatility (2005-2009)
From 2005 to 2009, the ROA experienced significant variability. It began at 18.77% in 2005, decreased to 10.72% in 2006, and then increased to 13.90% in 2007. Subsequent years saw continued fluctuation, reaching 13.86% in 2008 and 12.85% in 2009. This period suggests a developing business model with evolving profitability relative to its asset base.
Period of Expansion & High ROA (2010-2014)
Between 2010 and 2014, the ROA generally increased, indicating improved asset utilization. The ROA rose from 15.97% in 2010 to a peak of 16.99% in 2013, before decreasing to 10.58% in 2014. This phase coincides with substantial growth in both net income and total assets, suggesting effective capital deployment.
Moderate Fluctuations (2015-2019)
From 2015 to 2019, the ROA exhibited moderate fluctuations, remaining within a range of 11.34% to 14.37%. This suggests a period of relative stability in the company’s profitability relative to its asset base, despite continued growth in both net income and total assets. The ROA peaked at 14.37% in 2018.
Recent Performance & Variability (2020-2025)
The period from 2020 to 2025 shows increased variability. The ROA decreased significantly to 9.50% in 2020, potentially influenced by external factors. It then recovered to 12.58% in 2021, followed by 10.19% in 2022, and a rise to 13.96% in 2025. This recent performance indicates a potential return to improved asset utilization, but with continued sensitivity to changing conditions.

Overall, the ROA demonstrates a pattern of growth and fluctuation. While the company has generally maintained a respectable ROA, the recent period highlights a degree of sensitivity to external factors and the need for continued focus on efficient asset management to sustain profitability.

Comparison to Competitors

Intuitive Surgical Inc., ROA, long-term trends, comparison to competitors

Microsoft Excel
Intuitive Surgical Inc. Abbott Laboratories Elevance Health Inc. Medtronic PLC UnitedHealth Group Inc.
Dec 31, 2025
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Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Health Care Equipment & Services)

Intuitive Surgical Inc., ROA, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel
Intuitive Surgical Inc. Health Care Equipment & Services
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Dec 31, 2005

Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Health Care)

Intuitive Surgical Inc., ROA, long-term trends, comparison to industry (health care)

Microsoft Excel
Intuitive Surgical Inc. Health Care
Dec 31, 2025
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Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).