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Intuitive Surgical vs MSA Safety: revenue, profit, margins and growth compared

Intuitive Surgical brought in $10.1B of revenue in fiscal 2025, MSA Safety $1.9B in fiscal 2025. Revenue changed by +20.5% at Intuitive Surgical and +3.7% at MSA Safety on the year before, so Intuitive Surgical grew faster. Intuitive Surgical kept 28.4% of its revenue as net profit, MSA Safety 14.9%. Free cash flow was $2.5B at Intuitive Surgical and $295.4M at MSA Safety.

Side by side, latest fiscal year

ISRGMSA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$10.1B$1.9B
Revenue growth+20.5%+3.7%
Net income$2.9B$278.9M
Net margin28.4%14.9%
Free cash flow$2.5B$295.4M
Free cash flow margin24.7%15.8%
Earnings per share (diluted)$7.87$7.09
Cash$3.4B$165.1M
Debtn/a$580.9M
Price to earnings52.725.7
Market value$146.5B$7B
Dividend yieldn/a1.15%
Rank by revenue in sector#48 of 742 · Health care#120 of 742 · Health care

Over the years

Revenue
ISRG FY2018: $3.7BISRG FY2019: $4.5BISRG FY2020: $4.4BISRG FY2021: $5.7BISRG FY2022: $6.2BISRG FY2023: $7.1BISRG FY2024: $8.4BISRG FY2025: $10.1BMSA FY2018: $1.4BMSA FY2019: $1.4BMSA FY2020: $1.3BMSA FY2021: $1.4BMSA FY2022: $1.5BMSA FY2023: $1.8BMSA FY2024: $1.8BMSA FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
ISRG $10.1BMSA $1.9B
Net income
ISRG FY2018: $1.1BISRG FY2019: $1.4BISRG FY2020: $1.1BISRG FY2021: $1.7BISRG FY2022: $1.3BISRG FY2023: $1.8BISRG FY2024: $2.3BISRG FY2025: $2.9BMSA FY2018: $124.2MMSA FY2019: $138MMSA FY2020: $124.1MMSA FY2021: $21.3MMSA FY2022: $179.6MMSA FY2023: $58.6MMSA FY2024: $285MMSA FY2025: $278.9MFY18FY19FY20FY21FY22FY23FY24FY25
ISRG $2.9BMSA $278.9M
Net margin
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%MSA FY2018: 9.1%MSA FY2019: 9.8%MSA FY2020: 9.2%MSA FY2021: 1.5%MSA FY2022: 11.8%MSA FY2023: 3.3%MSA FY2024: 15.8%MSA FY2025: 14.9%FY18FY19FY20FY21FY22FY23FY24FY25
ISRG 28.4%MSA 14.9%
Revenue growth
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%MSA FY2019: +3.2%MSA FY2020: -3.8%MSA FY2021: +3.9%MSA FY2022: +9.1%MSA FY2023: +17.0%MSA FY2024: +1.1%MSA FY2025: +3.7%FY19FY20FY21FY22FY23FY24FY25
ISRG +20.5%MSA +3.7%
Free cash flow
ISRG FY2018: $982.2MISRG FY2019: $1.2BISRG FY2020: $1.1BISRG FY2021: $1.7BISRG FY2022: $958.4MISRG FY2023: $749.6MISRG FY2024: $1.3BISRG FY2025: $2.5BMSA FY2018: $229.9MMSA FY2019: $128.4MMSA FY2020: $157.7MMSA FY2021: $155.3MMSA FY2022: $114.9MMSA FY2023: $50.1MMSA FY2024: $242.2MMSA FY2025: $295.4MFY18FY19FY20FY21FY22FY23FY24FY25
ISRG $2.5BMSA $295.4M

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

Questions about Intuitive Surgical and MSA Safety

Which is bigger by revenue, Intuitive Surgical or MSA Safety?

Intuitive Surgical is bigger by revenue: $10.1B in fiscal 2025, against $1.9B for MSA Safety in fiscal 2025.

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

Intuitive Surgical had a net margin of 28.4% in fiscal 2025; MSA Safety had 14.9% in fiscal 2025.

Which grew revenue faster, Intuitive Surgical or MSA Safety?

In their latest fiscal years revenue changed by +20.5% at Intuitive Surgical and +3.7% at MSA Safety.

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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