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

Intuitive Surgical brought in $10.1B of revenue in fiscal 2025, STERIS $5.9B in fiscal 2026. Revenue changed by +20.5% at Intuitive Surgical and +8.7% at STERIS on the year before, so Intuitive Surgical grew faster. Intuitive Surgical kept 28.4% of its revenue as net profit, STERIS 13.2%. Free cash flow was $2.5B at Intuitive Surgical and $972.4M at STERIS.

Side by side, latest fiscal year

ISRGSTE
Fiscal year endedFY2025 (December 31, 2025)FY2026 (March 31, 2026)
Revenue$10.1B$5.9B
Revenue growth+20.5%+8.7%
Net income$2.9B$782.3M
Net margin28.4%13.2%
Free cash flow$2.5B$972.4M
Free cash flow margin24.7%16.4%
Earnings per share (diluted)$7.87$7.93
Cash$3.4B$439.6M
Debtn/a$1.8B
Price to earnings51.526.4
Market value$143.1B$20.4B
Dividend yieldn/a1.18%
Rank by revenue in sector#46 of 523 · Health care#55 of 523 · 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: $10.1BSTE FY2019: $2.8BSTE FY2020: $3BSTE FY2021: $3.1BSTE FY2022: $4.2BSTE FY2023: $4.5BSTE FY2024: $5.1BSTE FY2025: $5.5BSTE FY2026: $5.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ISRG $10.1BSTE $5.9B
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: $2.9BSTE FY2019: $303.7MSTE FY2020: $407.7MSTE FY2021: $397.4MSTE FY2022: $243.9MSTE FY2023: $107MSTE FY2024: $378.2MSTE FY2025: $614.6MSTE FY2026: $782.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ISRG $2.9BSTE $782.3M
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%STE FY2019: 10.9%STE FY2020: 13.5%STE FY2021: 12.8%STE FY2022: 5.8%STE FY2023: 2.4%STE FY2024: 7.4%STE FY2025: 11.3%STE FY2026: 13.2%FY18FY19FY20FY21FY22FY23FY24FY25FY26
ISRG 28.4%STE 13.2%
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%STE FY2020: +8.9%STE FY2021: +2.5%STE FY2022: +35.9%STE FY2023: +7.4%STE FY2024: +13.3%STE FY2025: +6.2%STE FY2026: +8.7%FY19FY20FY21FY22FY23FY24FY25FY26
ISRG +20.5%STE +8.7%
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: $2.5BSTE FY2019: $349.8MSTE FY2020: $376MSTE FY2021: $450.4MSTE FY2022: $397.2MSTE FY2023: $395MSTE FY2024: $613MSTE FY2025: $778MSTE FY2026: $972.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
ISRG $2.5BSTE $972.4M

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

Questions about Intuitive Surgical and STERIS

Which is bigger by revenue, Intuitive Surgical or STERIS?

Intuitive Surgical is bigger by revenue: $10.1B in fiscal 2025, against $5.9B for STERIS in fiscal 2026.

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

Intuitive Surgical had a net margin of 28.4% in fiscal 2025; STERIS had 13.2% in fiscal 2026.

Which grew revenue faster, Intuitive Surgical or STERIS?

In their latest fiscal years revenue changed by +20.5% at Intuitive Surgical and +8.7% at STERIS.

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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