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

Enovis brought in $2.2B of revenue in fiscal 2025, Intuitive Surgical $10.1B in fiscal 2025. Revenue changed by +6.7% at Enovis and +20.5% at Intuitive Surgical on the year before, so Intuitive Surgical grew faster. Enovis kept -52.7% of its revenue as net profit, Intuitive Surgical 28.4%. Free cash flow was $19.9M at Enovis and $2.5B at Intuitive Surgical.

Side by side, latest fiscal year

ENOVISRG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.2B$10.1B
Revenue growth+6.7%+20.5%
Net income-$1.2B$2.9B
Net margin-52.7%28.4%
Free cash flow$19.9M$2.5B
Free cash flow margin0.9%24.7%
Earnings per share (diluted)-$20.75$7.87
Cash$36.4M$3.4B
Debt$1.3Bn/a
Price to earningsn/a51.5
Market value$1.1B$143.1B
Dividend yieldn/an/a
Rank by revenue in sector#102 of 523 · Health care#46 of 523 · Health care

Over the years

Revenue
ENOV FY2018: $3.7BENOV FY2019: $3.3BENOV FY2020: $1.1BENOV FY2021: $1.4BENOV FY2022: $1.6BENOV FY2023: $1.7BENOV FY2024: $2.1BENOV FY2025: $2.2BISRG FY2018: $3.7BISRG FY2019: $4.5BISRG FY2020: $4.4BISRG FY2021: $5.7BISRG FY2022: $6.2BISRG FY2023: $7.1BISRG FY2024: $8.4BISRG FY2025: $10.1BFY18FY19FY20FY21FY22FY23FY24FY25
ENOV $2.2BISRG $10.1B
Net income
ENOV FY2018: $140.2MENOV FY2019: -$527.6MENOV FY2020: $42.6MENOV FY2021: $71.7MENOV FY2022: -$13.3MENOV FY2023: -$33.3MENOV FY2024: -$825.5MENOV FY2025: -$1.2BISRG FY2018: $1.1BISRG FY2019: $1.4BISRG FY2020: $1.1BISRG FY2021: $1.7BISRG FY2022: $1.3BISRG FY2023: $1.8BISRG FY2024: $2.3BISRG FY2025: $2.9BFY18FY19FY20FY21FY22FY23FY24FY25
ENOV -$1.2BISRG $2.9B
Net margin
ENOV FY2018: 3.8%ENOV FY2019: -15.9%ENOV FY2020: 3.8%ENOV FY2021: 5.0%ENOV FY2022: -0.9%ENOV FY2023: -1.9%ENOV FY2024: -39.2%ENOV FY2025: -52.7%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
ENOV -52.7%ISRG 28.4%
Revenue growth
ENOV FY2019: -9.3%ENOV FY2020: -66.3%ENOV FY2021: +27.3%ENOV FY2022: +9.6%ENOV FY2023: +9.2%ENOV FY2024: +23.5%ENOV FY2025: +6.7%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
ENOV +6.7%ISRG +20.5%
Free cash flow
ENOV FY2018: $156.7MENOV FY2019: $5.5MENOV FY2020: $187.2MENOV FY2021: $251.9MENOV FY2022: -$161.3MENOV FY2023: $12.8MENOV FY2024: -$67.2MENOV FY2025: $19.9MISRG FY2018: $982.2MISRG FY2019: $1.2BISRG FY2020: $1.1BISRG FY2021: $1.7BISRG FY2022: $958.4MISRG FY2023: $749.6MISRG FY2024: $1.3BISRG FY2025: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25
ENOV $19.9MISRG $2.5B

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

Questions about Enovis and Intuitive Surgical

Which is bigger by revenue, Enovis or Intuitive Surgical?

Intuitive Surgical is bigger by revenue: $10.1B in fiscal 2025, against $2.2B for Enovis in fiscal 2025.

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

Enovis had a net margin of -52.7% in fiscal 2025; Intuitive Surgical had 28.4% in fiscal 2025.

Which grew revenue faster, Enovis or Intuitive Surgical?

In their latest fiscal years revenue changed by +6.7% at Enovis 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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