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Avanos Medical vs Intuitive Surgical: revenue, profit, margins and growth compared

Avanos Medical brought in $701.2M of revenue in fiscal 2025, Intuitive Surgical $10.1B in fiscal 2025. Revenue changed by +1.9% at Avanos Medical and +20.5% at Intuitive Surgical on the year before, so Intuitive Surgical grew faster. Avanos Medical kept -10.4% of its revenue as net profit, Intuitive Surgical 28.4%. Free cash flow was $43.1M at Avanos Medical and $2.5B at Intuitive Surgical.

Side by side, latest fiscal year

AVNSISRG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$701.2M$10.1B
Revenue growth+1.9%+20.5%
Net income-$72.9M$2.9B
Net margin-10.4%28.4%
Free cash flow$43.1M$2.5B
Free cash flow margin6.1%24.7%
Earnings per share (diluted)-$1.57$7.87
Cash$89.8M$3.4B
Debt$90.3Mn/a
Price to earningsn/a51.5
Market valuen/a$143.1B
Dividend yieldn/an/a
Rank by revenue in sector#175 of 646 · Health care#47 of 646 · Health care

Over the years

Revenue
AVNS FY2018: $652.3MAVNS FY2019: $697.6MAVNS FY2020: $714.8MAVNS FY2021: $587MAVNS FY2022: $684.1MAVNS FY2023: $673.3MAVNS FY2024: $687.8MAVNS FY2025: $701.2MISRG FY2018: $3.7BISRG FY2019: $4.5BISRG FY2020: $4.4BISRG FY2021: $5.7BISRG FY2022: $6.2BISRG FY2023: $7.1BISRG FY2024: $8.4BISRG FY2025: $10.1BFY18FY19FY20FY21FY22FY23FY24FY25
AVNS $701.2MISRG $10.1B
Net income
AVNS FY2018: $57.5MAVNS FY2019: -$45.9MAVNS FY2020: -$29MAVNS FY2021: $6.3MAVNS FY2022: $50.5MAVNS FY2023: -$61.8MAVNS FY2024: -$392.1MAVNS FY2025: -$72.9MISRG FY2018: $1.1BISRG FY2019: $1.4BISRG FY2020: $1.1BISRG FY2021: $1.7BISRG FY2022: $1.3BISRG FY2023: $1.8BISRG FY2024: $2.3BISRG FY2025: $2.9BFY18FY19FY20FY21FY22FY23FY24FY25
AVNS -$72.9MISRG $2.9B
Net margin
AVNS FY2018: 8.8%AVNS FY2019: -6.6%AVNS FY2020: -4.1%AVNS FY2021: 1.1%AVNS FY2022: 7.4%AVNS FY2023: -9.2%AVNS FY2024: -57.0%AVNS FY2025: -10.4%ISRG FY2018: 30.3%ISRG FY2019: 30.8%ISRG FY2020: 24.3%ISRG FY2021: 29.9%ISRG FY2022: 21.3%ISRG FY2023: 25.2%ISRG FY2024: 27.8%ISRG FY2025: 28.4%FY18FY19FY20FY21FY22FY23FY24FY25
AVNS -10.4%ISRG 28.4%
Revenue growth
AVNS FY2019: +6.9%AVNS FY2020: +2.5%AVNS FY2021: -17.9%AVNS FY2022: +16.5%AVNS FY2023: -1.6%AVNS FY2024: +2.2%AVNS FY2025: +1.9%ISRG FY2019: +20.3%ISRG FY2020: -2.7%ISRG FY2021: +31.0%ISRG FY2022: +9.0%ISRG FY2023: +14.5%ISRG FY2024: +17.2%ISRG FY2025: +20.5%FY19FY20FY21FY22FY23FY24FY25
AVNS +1.9%ISRG +20.5%
Free cash flow
AVNS FY2018: -$194.7MAVNS FY2019: -$125.1MAVNS FY2020: -$22.7MAVNS FY2021: $66.3MAVNS FY2022: $71.6MAVNS FY2023: $14.6MAVNS FY2024: $82.9MAVNS FY2025: $43.1MISRG FY2018: $982.2MISRG FY2019: $1.2BISRG FY2020: $1.1BISRG FY2021: $1.7BISRG FY2022: $958.4MISRG FY2023: $749.6MISRG FY2024: $1.3BISRG FY2025: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25
AVNS $43.1MISRG $2.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Avanos Medical and Intuitive Surgical

Which is bigger by revenue, Avanos Medical or Intuitive Surgical?

Intuitive Surgical is bigger by revenue: $10.1B in fiscal 2025, against $701.2M for Avanos Medical in fiscal 2025.

Which keeps more of its revenue as profit, Avanos Medical or Intuitive Surgical?

Avanos Medical had a net margin of -10.4% in fiscal 2025; Intuitive Surgical had 28.4% in fiscal 2025.

Which grew revenue faster, Avanos Medical or Intuitive Surgical?

In their latest fiscal years revenue changed by +1.9% at Avanos Medical and +20.5% at Intuitive Surgical.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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