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Cadre vs Intuitive Surgical: revenue, profit, margins and growth compared

Cadre brought in $610.3M of revenue in fiscal 2025, Intuitive Surgical $10.1B in fiscal 2025. Revenue changed by +7.5% at Cadre and +20.5% at Intuitive Surgical on the year before, so Intuitive Surgical grew faster. Cadre kept 7.2% of its revenue as net profit, Intuitive Surgical 28.4%. Free cash flow was $56.8M at Cadre and $2.5B at Intuitive Surgical.

Side by side, latest fiscal year

CDREISRG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$610.3M$10.1B
Revenue growth+7.5%+20.5%
Net income$44.1M$2.9B
Net margin7.2%28.4%
Free cash flow$56.8M$2.5B
Free cash flow margin9.3%24.7%
Earnings per share (diluted)$1.02$7.87
Cash$122.9M$3.4B
Debt$307.3Mn/a
Price to earnings25.951.5
Market value$1.1B$143.1B
Dividend yield0.36%n/a
Rank by revenue in sector#179 of 523 · Health care#46 of 523 · Health care

Over the years

Revenue
CDRE FY2021: $404.6MCDRE FY2021: $427.3MCDRE FY2022: $457.8MCDRE FY2023: $482.5MCDRE FY2024: $567.6MCDRE FY2025: $610.3MISRG FY2018: $3.7BISRG FY2019: $4.5BISRG FY2020: $4.4BISRG FY2021: $5.7BISRG FY2022: $6.2BISRG FY2023: $7.1BISRG FY2024: $8.4BISRG FY2025: $10.1BFY18FY19FY20FY21FY22FY23FY24FY25
CDRE $610.3MISRG $10.1B
Net income
CDRE FY2021: $38.5MCDRE FY2021: $12.7MCDRE FY2022: $5.8MCDRE FY2023: $38.6MCDRE FY2024: $36.1MCDRE FY2025: $44.1MISRG FY2018: $1.1BISRG FY2019: $1.4BISRG FY2020: $1.1BISRG FY2021: $1.7BISRG FY2022: $1.3BISRG FY2023: $1.8BISRG FY2024: $2.3BISRG FY2025: $2.9BFY18FY19FY20FY21FY22FY23FY24FY25
CDRE $44.1MISRG $2.9B
Net margin
CDRE FY2021: 9.5%CDRE FY2021: 3.0%CDRE FY2022: 1.3%CDRE FY2023: 8.0%CDRE FY2024: 6.4%CDRE FY2025: 7.2%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
CDRE 7.2%ISRG 28.4%
Revenue growth
CDRE FY2021: +5.6%CDRE FY2022: +7.1%CDRE FY2023: +5.4%CDRE FY2024: +17.6%CDRE FY2025: +7.5%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
CDRE +7.5%ISRG +20.5%
Free cash flow
CDRE FY2021: $40.7MCDRE FY2021: $37.3MCDRE FY2022: $41.9MCDRE FY2023: $66.5MCDRE FY2024: $26.1MCDRE FY2025: $56.8MISRG FY2018: $982.2MISRG FY2019: $1.2BISRG FY2020: $1.1BISRG FY2021: $1.7BISRG FY2022: $958.4MISRG FY2023: $749.6MISRG FY2024: $1.3BISRG FY2025: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25
CDRE $56.8MISRG $2.5B

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

Questions about Cadre and Intuitive Surgical

Which is bigger by revenue, Cadre or Intuitive Surgical?

Intuitive Surgical is bigger by revenue: $10.1B in fiscal 2025, against $610.3M for Cadre in fiscal 2025.

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

Cadre had a net margin of 7.2% in fiscal 2025; Intuitive Surgical had 28.4% in fiscal 2025.

Which grew revenue faster, Cadre or Intuitive Surgical?

In their latest fiscal years revenue changed by +7.5% at Cadre 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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