Intuitive Surgical vs Zimmer Biomet
Intuitive Surgical reported revenue of $10.1 billion in fiscal 2025, 1.2 times Zimmer Biomet's $8.2 billion in fiscal 2025. Intuitive Surgical's revenue grew 20.5% in its latest year, and Zimmer Biomet's grew 7.2%. Intuitive Surgical had an operating margin of 29.3%, against 13.3% at Zimmer Biomet. Free cash flow was $2.5 billion at Intuitive Surgical and $1.5 billion at Zimmer Biomet.
Side by side
| Intuitive Surgical | Zimmer Biomet | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $10.1B | $8.2B |
| Revenue growth | 20.5% | 7.2% |
| Revenue growth a year, last 5 years | 18.2% | 6.1% |
| Gross margin | 66.0% | 69.7% |
| Operating margin | 29.3% | 13.3% |
| Net margin | 28.4% | 8.6% |
| Free cash flow | $2.5B | $1.5B |
| Free cash flow margin | 24.8% | 17.9% |
| Return on capital | 20.9% | 4.9% |
| Net debt to EBITDA | −1.7x | 3.2x |
| Dividends and buybacks | $2.3B | $677M |
| Change in diluted share count | 0.2% | −2.5% |
| Last close | $451.63 | $97.44 |
| P/E at the last close | 54.7× | 23.7× |
| Insider trades, last 12 months | sold $72.8 million | sold $1.6 million |
| Piotroski F-score | 5 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Intuitive SurgicalZimmer Biomet
Operating margin
Percent of revenue
Intuitive SurgicalZimmer Biomet
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Intuitive SurgicalZimmer Biomet
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Intuitive Surgical and Zimmer Biomet pages.