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Intuitive Surgical vs Zimmer Biomet: revenue, profit, margins and growth compared

Intuitive Surgical brought in $10.1B of revenue in fiscal 2025, Zimmer Biomet $8.2B in fiscal 2025. Revenue changed by +20.5% at Intuitive Surgical and +7.2% at Zimmer Biomet on the year before, so Intuitive Surgical grew faster. Intuitive Surgical kept 28.4% of its revenue as net profit, Zimmer Biomet 8.6%. Free cash flow was $2.5B at Intuitive Surgical and $1.5B at Zimmer Biomet.

Side by side, latest fiscal year

ISRGZBH
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$10.1B$8.2B
Revenue growth+20.5%+7.2%
Net income$2.9B$705.1M
Net margin28.4%8.6%
Free cash flow$2.5B$1.5B
Free cash flow margin24.7%17.9%
Earnings per share (diluted)$7.87$3.55
Cash$3.4B$591.9M
Debtn/a$7.5B
Price to earnings51.525.6
Market value$143.1B$17.4B
Dividend yieldn/a1.05%
Rank by revenue in sector#46 of 523 · Health care#51 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: $10.1BZBH FY2018: $7.9BZBH FY2019: $8BZBH FY2020: $6.1BZBH FY2021: $6.8BZBH FY2022: $6.9BZBH FY2023: $7.4BZBH FY2024: $7.7BZBH FY2025: $8.2BFY18FY19FY20FY21FY22FY23FY24FY25
ISRG $10.1BZBH $8.2B
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: $2.9BZBH FY2018: -$379.2MZBH FY2019: $1.1BZBH FY2020: -$138.9MZBH FY2021: $401.6MZBH FY2022: $231.4MZBH FY2023: $1BZBH FY2024: $903.8MZBH FY2025: $705.1MFY18FY19FY20FY21FY22FY23FY24FY25
ISRG $2.9BZBH $705.1M
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%ZBH FY2018: -4.8%ZBH FY2019: 14.2%ZBH FY2020: -2.3%ZBH FY2021: 5.9%ZBH FY2022: 3.3%ZBH FY2023: 13.8%ZBH FY2024: 11.8%ZBH FY2025: 8.6%FY18FY19FY20FY21FY22FY23FY24FY25
ISRG 28.4%ZBH 8.6%
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%ZBH FY2019: +0.6%ZBH FY2020: -23.2%ZBH FY2021: +11.4%ZBH FY2022: +1.6%ZBH FY2023: +6.5%ZBH FY2024: +3.8%ZBH FY2025: +7.2%FY19FY20FY21FY22FY23FY24FY25
ISRG +20.5%ZBH +7.2%
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: $2.5BZBH FY2018: $1.6BZBH FY2019: $1.4BZBH FY2020: $1.1BZBH FY2021: $1.4BZBH FY2022: $1.2BZBH FY2023: $1.3BZBH FY2024: $1.3BZBH FY2025: $1.5BFY18FY19FY20FY21FY22FY23FY24FY25
ISRG $2.5BZBH $1.5B

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

Questions about Intuitive Surgical and Zimmer Biomet

Which is bigger by revenue, Intuitive Surgical or Zimmer Biomet?

Intuitive Surgical is bigger by revenue: $10.1B in fiscal 2025, against $8.2B for Zimmer Biomet in fiscal 2025.

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

Intuitive Surgical had a net margin of 28.4% in fiscal 2025; Zimmer Biomet had 8.6% in fiscal 2025.

Which grew revenue faster, Intuitive Surgical or Zimmer Biomet?

In their latest fiscal years revenue changed by +20.5% at Intuitive Surgical and +7.2% at Zimmer Biomet.

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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