OakChart

Intuitive Surgical Inc

ISRGHealthcare·Medical Instruments & Supplies·USA·Large·NASD·Nov 13 • 7:05 AM ET

442.00+2.11 (0.48%)
2026-11-13 13:07 CET
Market cap
$153.22B
Revenue, TTM
11,578.00 USD m
Net income, TTM
2,957.20 USD m
Free cash flow, TTM
3,598.00 USD m
EPS diluted, TTM
8.27
Price / earnings
53.48
Compare

Price

ISRG against its 20, 50 and 200-day averages
Terms2050200BeatMiss
Patternshover a marker to name it
RS 21Sales 3,238Price3,214350.00400.00450.00500.005.8M11.6MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26ISRGclose 442.0020-day 447.0550-day 417.56200-day 429.37442.0052w low 328.5752-week range, not 6 months

26.8% under the 52-week high of 603.88 on 7 Jan 2026. 52-week low 328.57 on 23 Jul 2026. Last 15 sessions, 12.7% high to low

Volume 0.01× normal · the line is the 50-bar volume average

Setup. RS line 21
CANSLIM 3 of 6 — fails: EPS Growth Qtr Over Qtr: High (>25%); 52-Week High/Low: 0-10% below High; Performance: Year +50%
VCP 3 of 6 — fails: 50-Day Simple Moving Average: SMA50 above SMA200; 52-Week High/Low: 0-10% below High; Average True Range: Under 2
Minervini 1 of 4 — fails: 50-Day Simple Moving Average: SMA50 above SMA200; 52-Week High/Low: 0-10% below High; Performance: Year +50%
Zanger 2 of 5 — fails: Performance: Week +10%; 20-Day High/Low: 0-5% below High; Relative Volume: Over 1.5
Leaders 3 of 5 — fails: Performance: Year +50%; 52-Week High/Low: 0-10% below High
Breakout 2 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2
Growth 2 of 4 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth Next Year: High (>25%)
Quality 4 of 5 — fails: P/E: Under 25
Value 2 of 4 — fails: P/E: Under 15; P/B: Under 2
Income 1 of 4 — fails: Dividend Growth: Growing 2+ Years; P/E: Under 25 — not on the tape: Dividend Yield: Over 2%
Small Cap 2 of 4 — fails: Float: Under 100M; Performance: Year +50%
Accumulation 2 of 4 — fails: Institutional Transactions: Over +10%; Performance: Year Up
Relative Strength 2 of 3 — fails: Performance: Year +100%

Profile

ISRG
52-week range, 41% of the way up
328.57603.88

Intuitive Surgical, Inc. engages in the provision of robotic-assisted surgical solutions and invasive care through a comprehensive ecosystem of products and services. Its products include Da Vinci Surgical and Ion Endoluminal systems. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.

IndexNDX, S&P 500, RUI
Employees17021
IPOJun 13, 2000
Beta1.44
ATR, 14d14.01
Rel volume0.01
Short float2.05%
Insider own0.70%
Inst own90.73%

Snapshot

6 groups

Valuation

IndexNDX, S&P 500, RUI
Market Cap$153.22B
Enterprise Value149.28B
Income2.96B
Sales11.58B
Book / share46.12
Cash / share11.75
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout0.00%
Employees17021
IPOJun 13, 2000

Ratios

Price / earnings53.48
Forward price / earnings35.39
Price / earnings / growth2.18
Price / sales13.23
Price / book9.58
Price / cash37.63
Price / free cash flow42.58
Value / cash profit33.13
Value / sales12.89
Quick Ratio2.49
Current Ratio3.33
Debt / equity0.00
Long-term debt / equity0.00
Options and shortYes / Yes

Earnings

Earnings / share8.27
Earnings next year12.49
Earnings next quarter2.96
Earnings this year26.07%
Earnings next year10.92%
Earnings growth, 5 years16.26%
Past earnings growth29.18% 21.79%
Past sales growth17.39% 18.22%
Earnings vs last year8.75%
Sales vs last year20.45%
Earnings vs last quarter-23.63%
Sales vs last quarter21.70%
EarningsOct 20 AMC
Surprise13.37% 4.88%

Ownership

Insiders own0.70%
Insider trades-2.51%
Institutions own90.73%
Institution trades-0.07%
Return on assets15.28%
Return on equity17.97%
Return on capital18.50%
Gross Margin67.17%
Operating margin32.25%
Profit Margin25.54%
20-day average-1.13%
50-day average5.85%
200-day average2.94%

Technical

Shares out346.60M
Shares floating344.22M
Short / float2.05%
Short ratio2.98
Short interest7.06M
52-week high603.88 -26.8%
52-week low328.57 +34.5%
Volatility2.63% 3.25%
Average range14.01
Strength index51.43
Market sensitivity1.44
Relative volume0.01
Avg Volume2.37M
Volume1,717

Performance

Perf Week-2.39%
Perf Month3.30%
Perf Quarter13.24%
Perf Half Y4.96%
Perf YTD-21.96%
Perf Year-21.84%
Perf 3Y56.47%
Perf 5Y24.53%
Perf 10Y539.80%
Recommendation1.82
Target Price492.90
Prev Close439.89
Price442.00
Change %0.48%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 21, 2026UpgradeErste GroupHold → Buy
Oct 07, 2026InitiatedBarclaysOverweight$485+9.7%
Aug 12, 2026UpgradeOppenheimerPerform → Outperform$500+13.1%
Jul 30, 2026DowngradeHSBC SecuritiesBuy → Hold$391-11.5%
Jul 28, 2026InitiatedUBSBuy$500+13.1%
Jul 09, 2026InitiatedBMO Capital MarketsOutperform$518+17.2%
Mar 11, 2026UpgradeCitigroupNeutral → Buy$590+33.5%
Jan 27, 2026InitiatedTD CowenBuy$660+49.3%
Dec 11, 2025DowngradeCitigroupBuy → Neutral$635+43.7%
Jul 23, 2025DowngradeErste GroupBuy → Hold

Peers

Mkt cap
TickerCompanyMkt cap
MDTMedtronic Plc129.18B
JNJJohnson & Johnson682.83B
SYKStryker Corp119.73B
BDXBecton Dickinson & Co58.84B
BSXBoston Scientific Corp64.24B
ZBHZimmer Biomet Holdings Inc19.79B
ABTAbbott Laboratories186.05B
TFXTeleflex Incorporated6.08B
EWEdwards Lifesciences Corp60.83B
BAXBaxter International Inc13.32B

Insider trading

latest 14 of 100
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
LOEB GARYEVP & Chief Legal and ComplianNov 10 '26Sale458.15400183,2606,236Nov 12 08:21 AM
GARY LOEBOfficerNov 10 '26Proposed Sale460.56400184,224Nov 10 04:28 PM
GUTHART GARY SDirectorNov 04 '26Sale457.3410,0004,573,3701,194,530Nov 05 01:38 PM
BARRATT CRAIG HDirectorNov 04 '26Option Exercise90.491,150104,0691,150Nov 05 12:55 PM
BARRATT CRAIG HDirectorNov 04 '26Sale460.001,150529,0030Nov 05 12:55 PM
Craig H. BarrattDirectorNov 04 '26Proposed Sale440.751,150506,862Nov 04 04:26 PM
Brosius MarkEVP & Chief Mfg and Supply ChaOct 30 '26Sale453.606328,577457Nov 02 03:11 PM
Brosius MarkEVP & Chief Mfg and Supply ChaOct 29 '26Sale447.856127,319520Nov 02 03:11 PM
Widman FredrikVP Corporate ControllerOct 30 '26Option Exercise201.075,4481,095,4556,474Nov 02 02:53 PM
Widman FredrikVP Corporate ControllerOct 30 '26Sale436.065,4482,375,6281,026Nov 02 02:53 PM
FREDRIK WIDMANOfficerOct 30 '26Proposed Sale448.764,3591,956,145Oct 30 05:03 PM
Brosius MarkEVP & Chief Mfg and Supply ChaOct 26 '26Sale451.756127,557703Oct 28 06:01 PM
Brosius MarkEVP & Chief Mfg and Supply ChaOct 27 '26Sale451.636127,549642Oct 28 06:01 PM
Brosius MarkEVP & Chief Mfg and Supply ChaOct 28 '26Sale441.606126,938581Oct 28 06:01 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 696.31B
VOOVanguard S&P 500 ETFAUM: 1070.75B
QQQInvesco QQQ Trust Series 1AUM: 473.81B
IVViShares Core S&P 500 ETFAUM: 882.14B
SPYSPDR S&P 500 ETF TrustAUM: 805.69B
VUGVanguard Morningstar Growth ETFAUM: 221.26B
XLVState Street Health Care Select Sector SPDR ETFAUM: 50.51B
QQQMInvesco NASDAQ 100 ETFAUM: 109.07B
IWFiShares Russell 1000 Growth ETFAUM: 119.30B
IHIiShares U.S. Medical Devices ETFAUM: 4.08B

News

latest 14 of 200

Quarterly earnings

2026Q3 EPS 3.000 beat 2.646, from 2.400 a year earlier. Sales 3,049 beat 2,907, from 2,505 a year earlier
EPS
3.00002024Q4 EPS 2.210 against 1.79224Q42025Q1 EPS 1.810 against 1.73925Q12025Q2 EPS 2.190 against 1.92825Q22025Q3 EPS 2.400 against 1.99525Q32025Q4 EPS 2.530 against 2.26825Q42026Q1 EPS 2.500 against 2.12226Q12026Q2 EPS 2.800 against 2.51126Q22026Q3 EPS 3.000 against 2.64626Q3
Sales, USD millions
3,04902024Q4 sales 2,414 against 2,24924Q42025Q1 sales 2,253 against 2,18625Q12025Q2 sales 2,440 against 2,35125Q22025Q3 sales 2,505 against 2,40625Q32025Q4 sales 2,866 against 2,76325Q42026Q1 sales 2,771 against 2,61926Q12026Q2 sales 2,892 against 2,82526Q22026Q3 sales 3,049 against 2,90726Q3

The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.

PeriodReportedEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mSurpriseYear-ago quarterAnalystsNext session
2026Q3ended 2026-09-302026-10-20 16:303.0002.6461.4903,0492,907EPS +13.4% · sales +4.9%vs 2025Q3, year-ago quarter · EPS +25.0% · sales +21.7%26 EPS · 25 salesOpen -8.11% vs SPY +0.28%. Close -2.26% vs SPY +0.53%
2026Q2ended 2026-06-302026-07-16 16:302.8002.5112.2902,8922,825EPS +11.5% · sales +2.4%vs 2025Q2, year-ago quarter · EPS +27.9% · sales +18.5%25Open -9.27% vs SPY -1.15%. Close -14.15% vs SPY -0.99%
2026Q1ended 2026-03-312026-04-21 16:302.5002.1222.2832,7712,619EPS +17.8% · sales +5.8%vs 2025Q1, year-ago quarter · EPS +38.1% · sales +23.0%26Open +2.23% vs SPY +0.72%. Close +7.16% vs SPY +1.01%
2025Q4ended 2025-12-312026-01-22 16:302.5302.2682.2052,8662,763EPS +11.6% · sales +3.7%vs 2024Q4, year-ago quarter · EPS +14.5% · sales +18.8%26 EPS · 25 salesOpen +0.80% vs SPY -0.12%. Close -0.35% vs SPY +0.04%
2025Q3ended 2025-09-302025-10-21 16:302.4001.9951.9472,5052,406EPS +20.3% · sales +4.1%vs 2024Q3, year-ago quarter · EPS +30.4% · sales +22.9%25 EPS · 23 salesOpen +17.34% vs SPY +0.11%. Close +13.89% vs SPY -0.52%
2025Q2ended 2025-06-302025-07-22 16:302.1901.9281.8082,4402,351EPS +13.6% · sales +3.8%vs 2024Q2, year-ago quarter · EPS +23.0% · sales +21.4%24 EPS · 22 salesOpen +2.25% vs SPY +0.43%. Close -1.77% vs SPY +0.85%
2025Q1ended 2025-03-312025-04-22 16:301.8101.7391.9162,2532,186EPS +4.1% · sales +3.1%vs 2024Q1, year-ago quarter · EPS +20.7% · sales +19.2%24 EPS · 22 salesOpen +4.44% vs SPY +2.50%. Close +1.92% vs SPY +1.55%
2024Q4ended 2024-12-312025-01-23 16:302.2101.7921.8842,4142,249EPS +23.3% · sales +7.3%vs 2023Q4, year-ago quarter · EPS +38.1% · sales +25.2%25 EPS · 23 salesOpen -4.40% vs SPY +0.01%. Close -4.04% vs SPY -0.29%
2024Q3ended 2024-09-302024-10-17 16:301.8401.6421.5582,0382,005EPS +12.1% · sales +1.6%vs 2023Q3, year-ago quarter · EPS +26.0% · sales +16.9%25 EPS · 23 salesOpen +4.70% vs SPY +0.30%. Close +10.01% vs SPY +0.38%
2024Q2ended 2024-06-302024-07-18 16:301.7801.5421.4602,0101,972EPS +15.4% · sales +1.9%vs 2023Q2, year-ago quarter · EPS +25.4% · sales +14.5%25 EPS · 23 salesOpen +8.00% vs SPY -0.04%. Close +9.34% vs SPY -0.66%
2024Q1ended 2024-03-312024-04-18 16:301.5001.4171.5121,8911,870EPS +5.9% · sales +1.1%vs 2023Q1, year-ago quarter · EPS +22.0% · sales +11.5%23 EPS · 21 salesOpen +3.39% vs SPY -0.02%. Close -1.69% vs SPY -0.87%
2023Q4ended 2023-12-312024-01-23 16:301.6001.4841.6921,9281,888EPS +7.8% · sales +2.1%vs 2022Q4, year-ago quarter · EPS +30.1% · sales +16.5%24 EPS · 21 salesOpen +3.37% vs SPY +0.61%. Close -0.36% vs SPY +0.11%
2023Q3ended 2023-09-302023-10-19 16:301.4601.4161.1611,7441,770EPS +3.1% · sales -1.5%vs 2022Q3, year-ago quarter · EPS +22.7% · sales +12.0%24 EPS · 21 sales-
2023Q2ended 2023-06-302023-07-20 16:301.4201.3291.1781,7561,741EPS +6.8% · sales +0.8%vs 2022Q2, year-ago quarter · EPS +24.6% · sales +15.4%23 EPS · 20 sales-
2023Q1ended 2023-03-312023-04-18 16:301.2301.1960.9981,6961,593EPS +2.8% · sales +6.5%vs 2022Q1, year-ago quarter · EPS +8.8% · sales +14.0%19 EPS · 18 sales-
2022Q4ended 2022-12-312023-01-24 16:301.2301.2510.9101,6551,670EPS -1.7% · sales -0.9%vs 2021Q4, year-ago quarter · EPS -5.4% · sales +6.7%18 EPS · 16 sales-

Annual earnings

2025FY EPS 8.930 beat 8.680, from 7.340 a year earlier. Sales 10,065 beat 9,951, from 8,352 a year earlier
EPS
8.93002018FY EPS 3.663 against 3.69820182019FY EPS 4.253 against 4.22020192020FY EPS 3.387 against 3.23720202021FY EPS 4.960 against 4.96020212022FY EPS 4.680 against 4.67320222023FY EPS 5.710 against 5.59820232024FY EPS 7.340 against 6.89020242025FY EPS 8.930 against 8.6802025
Sales, USD millions
10,06502018FY sales 3,724 against 3,71320182019FY sales 4,479 against 4,43720192020FY sales 4,358 against 4,28420202021FY sales 5,710 against 5,68320212022FY sales 6,222 against 6,24720222023FY sales 7,124 against 7,08420232024FY sales 8,352 against 8,19020242025FY sales 10,065 against 9,9512025

Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.

earnings feed, not the snapshot. Not the statement ratio.

PeriodEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mP/E, earnings feed
2030FYestimate-17.980--19,16424.58
2029FYestimate-15.763--16,67728.04
2028FYestimate-14.032--14,99231.50
2027FYestimate-12.488--13,35135.39
2026FYestimate-11.258--11,93339.26
2025FY8.9308.6807.87010,0659,95163.42
2024FY7.3406.8906.4168,3528,19071.11
2023FY5.7105.5985.0317,1247,08459.08
2022FY4.6804.6733.6536,2226,24756.70
2021FY4.9604.9604.6605,7105,68372.44
2020FY3.3873.2372.9394,3584,28480.52
2019FY4.2534.2203.8474,4794,43746.33
2018FY3.6633.6983.1653,7243,71343.58
2017FY2.9972.9211.9233,1293,09640.59
2016FY2.4842.4662.0812,7042,68828.36
2015FY2.1422.0261.7272,3842,360206.33
2014FY1.7891.6021.2342,1322,116247.08
2013FY1.8591.7901.8592,2652,245237.78
2012FY1.7761.6931.7762,1792,153248.93
2011FY1.3691.3221.3691,7571,744322.89
2010FY1.0520.9661.0521,4131,393420.07

Quarterly results

2026Q3 revenue 3,049, from 2,505 a year earlier. Operating margin 34.2%, from 30.3% a year earlier
Revenue, USD millions
3,04902024Q4 revenue 2,41424Q42025Q1 revenue 2,25325Q12025Q2 revenue 2,44025Q22025Q3 revenue 2,50525Q32025Q4 revenue 2,86625Q42026Q1 revenue 2,77126Q12026Q2 revenue 2,89226Q22026Q3 revenue 3,04926Q3
Operating margin
34.202024Q4 operating margin 30.4%24Q42025Q1 operating margin 25.7%25Q12025Q2 operating margin 30.5%25Q22025Q3 operating margin 30.3%25Q32025Q4 operating margin 30.2%25Q42026Q1 operating margin 30.9%26Q12026Q2 operating margin 33.6%26Q22026Q3 operating margin 34.2%26Q3

From the quarterly statement. Not an estimate.

Estimate revisions

Latest snapshot of each period and type. 2026FY R 9.14 per share.
PeriodTypeScaleDateMeanvs prior date
2026FYRper share2026-11-129.140.0%
2026Q4Rper share2026-11-122.570.0%
2026FYSUSD millions2026-11-0911,9330.0%
2026Q4SUSD millions2026-11-093,2380.0%
2026FYEper share2026-11-0511.26+0.1%
2026Q4Eper share2026-11-052.96+0.1%
2026Q3SUSD millions2026-10-142,9070.0%
2026Q3Eper share2026-10-102.650.0%
2026Q3Rper share2026-10-102.390.0%
2026Q2SUSD millions2026-07-152,8250.0%
2026Q2Eper share2026-07-142.51+0.0%
2026Q2Rper share2026-07-072.270.0%
2026Q1Eper share2026-04-162.120.0%
2026Q1Rper share2026-04-141.970.0%
2026Q1SUSD millions2026-04-142,619+0.0%
2025FYSUSD millions2026-01-219,951+0.1%
2025Q4SUSD millions2026-01-192,763+0.0%
2025FYEper share2026-01-168.67+0.0%
2025Q4Eper share2026-01-162.27+0.1%
2025FYRper share2026-01-137.63+0.1%
2025Q4Rper share2026-01-131.92+0.4%
2025Q3Eper share2025-10-141.99+0.0%
2025Q3SUSD millions2025-10-142,406+0.0%
2025Q3Rper share2025-10-061.610.0%
2025Q2Eper share2025-07-181.930.0%
2025Q2SUSD millions2025-07-142,351+0.0%
2025Q2Rper share2025-07-071.550.0%
2025Q1Eper share2025-04-161.74+0.0%
2025Q1Rper share2025-04-151.44-2.4%
2025Q1SUSD millions2025-04-152,1860.0%
2024FYEper share2025-01-216.91+0.1%
2024Q4Eper share2025-01-211.79+0.3%
2024FYSUSD millions2025-01-218,190+0.1%
2024Q4SUSD millions2025-01-212,249+0.4%
2024FYRper share2025-01-175.97+0.1%
2024Q4Rper share2025-01-141.42-0.9%
2024Q3SUSD millions2024-10-112,005+0.0%
2024Q3Eper share2024-10-101.640.0%
2024Q3Rper share2024-10-021.300.0%
2024Q2Eper share2024-07-171.540.0%
2024Q2SUSD millions2024-07-151,9720.0%
2024Q2Rper share2024-07-061.360.0%
2024Q1Eper share2024-04-171.42-0.1%
2024Q1Rper share2024-04-131.230.0%
2024Q1SUSD millions2024-04-121,8700.0%
2023FYEper share2024-01-195.60+0.0%
2023FYSUSD millions2024-01-197,084+0.0%
2023FYRper share2024-01-134.540.0%

Estimate history

Annual
Metric201720182019202020212022202320242025TTMMRQ
EPS per share1.9233.1653.8472.9394.663.6535.0316.4167.8748.2651-
Sales USD millions3,1383,7244,4794,3585,7106,2227,1248,35210,06511,578-
Shares million shares337344348353357350352357355-347
Quarterly
MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
EPS per share1.5581.8841.9161.8081.9472.2052.2832.291.487
Sales USD millions2,0382,4142,2532,4402,5052,8662,7712,8923,049
Shares million shares356357358358355355354354347

Income statement, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Total Revenue11,578.0010,064.70+20.5%8,352.10+17.2%7,124.10+14.5%6,222.20+9.0%5,710.10+31.0%4,358.40-2.7%4,478.50+20.3%3,724.20
Cost of Goods Sold Incl. D&A3,801.203,425.90+26.0%2,717.90+13.5%2,394.60+17.7%2,034.80+15.0%1,770.00+16.5%1,519.90+10.2%1,379.80+22.3%1,128.20
Gross Profit7,776.806,638.80+17.8%5,634.20+19.1%4,729.50+12.9%4,187.40+6.3%3,940.10+38.8%2,838.50-8.4%3,098.70+19.4%2,596.00
Selling, General and Administrative Excl. Other4,043.603,696.10+12.5%3,285.30+10.9%2,962.70+13.5%2,610.30+23.2%2,119.10+18.4%1,789.90+3.8%1,723.70+27.5%1,351.40
Research and Development1,493.101,311.80+14.5%1,145.30+14.7%998.80+14.0%876.30+32.8%659.90+13.9%579.30+5.0%551.50+33.8%412.30
Other Operating Expense-0.90-2.800.000.000.000.000.000.000.00
Operating Income3,734.102,945.50+25.4%2,348.90+32.9%1,766.80+12.0%1,577.10-13.4%1,821.00+73.7%1,048.60-23.7%1,375.00+10.5%1,244.60
Interest Expense0.000.000.000.000.000.000.000.000.00
Unusual Expense423.707.50-33.90-778.0%5.00-5.90-49.10-542.3%11.10-5.90-116.2%36.50
Net Income Before Taxes3,619.003,311.40+23.8%2,673.80+36.5%1,958.90+21.9%1,606.80-15.0%1,890.30+56.6%1,207.00-19.7%1,502.20+17.4%1,279.50
Income Taxes645.90434.80+29.3%336.30+137.5%141.60-46.0%262.40+61.8%162.20+15.7%140.20+16.4%120.40-22.1%154.50
Consolidated Net Income2,973.102,876.60+23.1%2,337.50+28.6%1,817.30+35.2%1,344.40-22.2%1,728.10+62.0%1,066.80-22.8%1,381.80+22.8%1,125.00
Net Income From Continuing Operations2,957.202,856.00+23.0%2,322.60+29.2%1,798.00+36.0%1,322.30-22.4%1,704.60+60.7%1,060.60-23.1%1,379.30+22.3%1,127.90
Net Income2,957.202,856.00+23.0%2,322.60+29.2%1,798.00+36.0%1,322.30-22.4%1,704.60+60.7%1,060.60-23.1%1,379.30+22.3%1,127.90
EPS (Recurring) per share9.257.89+24.3%6.35+26.0%5.04+38.5%3.64-20.4%4.57+54.4%2.96-22.9%3.84+18.5%3.24
EPS (Basic, Before Extraordinaries) per share8.368.00+22.3%6.54+27.7%5.12+37.6%3.72-22.3%4.79+58.6%3.02-24.1%3.98+20.2%3.31
EPS (Diluted) per share8.277.87+22.6%6.42+27.6%5.03+37.8%3.65-21.7%4.66+58.5%2.94-23.6%3.85+21.8%3.16
EBITDA4,505.203,570.60+27.3%2,804.60+27.4%2,202.00+12.5%1,957.50-8.4%2,138.00+60.6%1,331.10-15.5%1,574.70+15.4%1,364.70
Non-Operating Income (Expense)308.60373.40+28.3%291.00+47.6%197.10+728.2%23.80+17.8%20.20-88.1%169.50+39.7%121.30+69.9%71.40
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense701.67641.50+16.7%549.80+14.4%480.80+15.9%414.80+14.2%363.10+14.4%317.30+18.5%267.70+28.5%208.30
Price To Earnings Ratio ratio statement ratio, not the snapshot53.2253.2283.9079.4570.2477.0692.9351.2050.42
Price To Sales Ratio ratio12.3520.4122.6216.9215.4423.0222.5815.7715.28
Gross Margin %67.1765.9667.4666.3967.3069.0065.1369.1969.71
Operating Margin %32.2529.2728.1224.8025.3531.8924.0630.7033.42
Net Margin %25.5428.3827.8125.2421.2529.8524.3330.8030.29
Shares Outstanding million shares346.60355.10-0.4%356.60+1.2%352.30+0.7%350.00-2.0%357.00+1.1%353.10+1.5%348.00+1.3%343.50
Market Capitalization152,485.23152,485.23-18.0%185,911.19+56.5%118,775.01+26.7%93,770.71-26.9%128,260.04+33.2%96,290.47+40.4%68,573.47+25.1%54,836.40

Income statement, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Total Revenue3,048.70+21.7%2,892.30+18.5%2,770.80+23.0%2,866.20+18.8%2,505.10+22.9%2,440.00+21.4%2,253.40+19.2%2,413.50+25.2%
Cost of Goods Sold Incl. D&A965.00+14.5%932.60+13.4%940.80+18.2%962.80+24.8%842.70+26.9%822.10+29.0%796.20+23.4%771.30+18.5%
Gross Profit2,083.70+25.3%1,959.70+21.1%1,830.00+25.6%1,903.40+15.9%1,662.40+21.0%1,617.90+17.9%1,457.20+17.0%1,642.20+28.6%
Selling, General and Administrative Excl. Other1,041.10+15.3%987.80+13.0%974.70+10.9%1,040.00+14.6%902.70+13.3%874.50+8.6%879.10+13.3%907.30+9.7%
Research and Development408.20+23.9%370.40+18.2%361.60+14.4%352.90+19.7%329.40+15.2%313.30+11.9%316.20+11.1%294.70+13.3%
Other Operating Expense0.000.000.00-0.900.000.000.000.00
Operating Income1,042.60+37.2%971.90+30.7%855.30+48.0%864.30+17.6%759.70+31.6%743.40+31.0%578.10+23.2%734.90+63.2%
Interest Expense0.000.000.000.000.000.000.000.00
Unusual Expense465.40-1.80-106.2%-18.60-267.6%-21.30-13.20-146.8%29.2011.10+226.5%-28.50-237.0%
Net Income Before Taxes668.40-21.8%1,054.60+26.7%940.40+40.7%955.60+18.0%855.20+27.5%832.10+27.1%668.50+24.1%809.80+57.0%
Income Taxes144.00-1.4%231.40+37.8%114.40156.10+28.2%146.00+45.4%167.90+36.5%-35.20121.80
Consolidated Net Income524.40-26.1%823.20+23.9%826.00+17.4%799.50+16.2%709.20+24.3%664.20+25.0%703.70+28.6%688.00+12.7%
Net Income From Continuing Operations522.80-25.8%818.10+24.3%821.50+17.6%794.80+15.9%704.40+24.7%658.40+25.0%698.40+28.2%685.70+13.1%
Net Income522.80-25.8%818.10+24.3%821.50+17.6%794.80+15.9%704.40+24.7%658.40+25.0%698.40+28.2%685.70+13.1%
EPS (Recurring) per share2.41+25.5%2.29+23.1%2.25+16.0%2.16+18.0%1.92+19.3%1.86+28.3%1.94+27.6%1.83+5.8%
EPS (Basic, Before Extraordinaries) per share1.50-24.2%2.31+25.5%2.31+18.5%2.24+16.7%1.98+24.5%1.84+24.3%1.95+26.6%1.92+11.6%
EPS (Diluted) per share1.49-23.6%2.29+26.5%2.28+18.8%2.21+17.6%1.95+25.0%1.81+24.0%1.92+27.2%1.88+11.2%
EBITDA1,239.70+34.8%1,188.20+32.2%1,041.30+44.8%1,036.00+20.5%919.70+32.6%898.70+32.3%719.00+24.2%859.60+52.4%
Non-Operating Income (Expense)91.20+10.8%80.90-31.4%66.50-34.5%70.00+50.9%82.30-32.5%117.90+46.8%101.50+40.0%46.40-46.4%
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense172.70+5.6%169.80+5.7%170.60+11.7%188.57+27.9%163.50+17.7%160.60+14.5%152.70+23.9%147.40+24.1%
Price To Earnings Ratio ratio statement ratio, not the snapshot53.2248.2458.5374.9662.4179.7177.2283.90
Price To Sales Ratio ratio12.3512.8815.6720.2816.8321.6420.7222.74
Gross Margin %68.3567.7666.0566.4166.3666.3164.6768.04
Operating Margin %34.2033.6030.8730.1530.3330.4725.6530.45
Net Margin %17.1528.2929.6527.7328.1226.9830.9928.41
Shares Outstanding million shares346.60-2.3%353.90-1.3%354.40-1.1%355.10-0.4%354.90-0.4%358.40+0.9%358.40+1.0%356.60+1.2%
Market Capitalization152,485.23-4.9%140,843.54-27.7%163,711.38-7.7%200,772.35+8.0%160,321.22-8.2%194,767.93+23.4%177,442.86+25.4%185,911.19+56.5%

Balance sheet, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/20182017FY12/31/2017
Cash & Short Term Investments5,934.90+47.9%4,013.30-23.2%5,223.20+26.7%4,122.20-1.9%4,204.00-17.8%5,111.40+58.7%3,221.70+2.5%3,142.10+60.3%1,960.60
Short Term Receivables1,628.20+20.0%1,356.80+7.0%1,267.50+18.1%1,073.30+20.2%893.00+38.3%645.50+0.0%645.20-12.0%733.50+33.4%549.80
Inventories1,840.00+23.7%1,487.20+21.8%1,220.60+36.7%893.20+52.1%587.10-2.4%601.50+1.0%595.50+45.6%409.00+69.6%241.20
Other Current Assets376.40+48.4%253.70+43.6%176.70+7.5%164.30+2.2%160.80-39.9%267.50+33.6%200.20+311.9%48.60-15.2%57.30
Total Current Assets9,779.50+37.5%7,111.00-9.9%7,888.00+26.1%6,253.00+7.0%5,844.90-11.8%6,625.90+42.1%4,662.60+7.6%4,333.20+54.3%2,808.90
Net Property, Plant & Equipment5,493.20+14.8%4,783.00+32.2%3,616.90+47.2%2,456.40+25.9%1,950.80+18.9%1,641.20+21.8%1,347.30+65.9%812.00+32.4%613.10
Total Investments and Advances3,099.20-35.7%4,819.10+127.3%2,120.00-21.0%2,682.70-39.2%4,415.50+151.2%1,757.70-33.0%2,623.50+46.9%1,786.30-5.3%1,885.90
Long-Term Note Receivable199.30-18.8%245.50+6.0%231.60-23.0%300.80+7.9%278.70+47.1%189.50+61.3%117.50+27.9%91.90+14.6%80.20
Intangible Assets381.40+2.9%370.50-4.5%387.80-2.6%398.30-3.8%414.100.0%414.10-1.2%419.30+36.4%307.30+35.3%227.10
Deferred Tax Assets1,191.10+4.4%1,140.50+14.9%992.60+49.4%664.60+50.6%441.40+20.0%367.70-13.6%425.60-0.7%428.60+495.3%72.00
Other Assets487.50+32.1%369.00+28.7%286.70+31.4%218.20+4.1%209.60+21.3%172.80+25.8%137.40+57.2%87.40-2.5%89.60
Total Assets20,631.20+9.5%18,838.60+21.4%15,523.60+19.7%12,974.00-4.3%13,555.00+21.4%11,168.90+14.8%9,733.20+24.0%7,846.70+35.8%5,776.80
Short Term Debt Incl. Current Port. of LT Debt39.00+16.4%33.50+32.4%25.30+4.5%24.20+18.6%20.40-6.8%21.90+184.4%7.700.000.00
Accounts Payable255.10+31.9%193.40+2.5%188.70+28.4%147.00+21.3%121.20+48.5%81.60-33.9%123.50+22.6%100.70+22.1%82.50
Income Tax Payable125.40-18.8%154.40+38.6%111.40+15.9%96.10+77.6%54.10+14.6%47.20+24.5%37.90-3.1%39.10-38.0%63.10
Other Current Liabilities1,586.70+16.3%1,364.00+2.3%1,333.30+15.5%1,154.80+21.0%954.10+17.1%814.50-5.4%861.10+26.5%680.80+31.6%517.20
Total Current Liabilities2,006.20+14.9%1,745.30+5.2%1,658.70+16.6%1,422.10+23.7%1,149.80+19.1%965.20-6.3%1,030.20+25.5%820.60+23.8%662.80
Long Term Debt131.90+17.2%112.50+74.4%64.50-7.3%69.60+4.5%66.60+14.8%58.00-15.6%68.700.000.00
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities172.50+80.8%95.40+16.2%82.10------
Other Liabilities378.90+6.5%355.80+10.8%321.00-13.2%369.70-4.5%387.10+0.1%386.60+10.6%349.60+3.2%338.60+1.5%333.60
Total Liabilities2,689.50+16.5%2,309.00+8.6%2,126.30+14.2%1,861.40+16.1%1,603.50+13.7%1,409.80-2.7%1,448.50+25.0%1,159.20+16.3%996.40
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity17,824.00+8.5%16,433.70+23.5%13,307.60+20.5%11,041.90-7.2%11,901.10+22.3%9,731.50+17.8%8,263.80+23.7%6,678.80+39.8%4,778.80
Total Shareholders Equity17,824.00+8.5%16,433.70+23.5%13,307.60+20.5%11,041.90-7.2%11,901.10+22.3%9,731.50+17.8%8,263.80+23.7%6,678.80+39.8%4,778.80
Accumulated Minority Interest117.70+22.7%95.90+6.9%89.70+26.9%70.70+40.3%50.40+82.6%27.60+32.1%20.90+140.2%8.70+443.7%1.60
Total Equity17,941.70+8.5%16,529.60+23.4%13,397.30+20.6%11,112.60-7.0%11,951.50+22.5%9,759.10+17.8%8,284.70+23.9%6,687.50+39.9%4,780.40
Total Liabilities & Stockholders Equity20,631.20+9.5%18,838.60+21.4%15,523.60+19.7%12,974.00-4.3%13,555.00+21.4%11,168.90+14.8%9,733.20+24.0%7,846.70+35.8%5,776.80
Book Value Per Share per share50.19+8.9%46.08+22.0%37.77+19.7%31.55-5.4%33.34+21.0%27.56+16.0%23.75+22.2%19.44+37.1%14.18
Tangible Book Value Per Share per share49.12+9.0%45.05+22.9%36.67+20.6%30.41-5.5%32.18+21.9%26.39+17.1%22.54+21.5%18.55+37.3%13.51
Full-Time Employees people17,021+8.8%15,638+14.3%13,676+12.8%12,120+23.8%9,793+21.2%8,081+10.3%7,326+32.5%5,527+24.4%4,444
Price to Book Ratio ratio9.5411.939.478.1410.789.898.308.218.24
Return on Assets %14.4713.5212.629.9713.7910.1515.6916.5810.94
Return on Equity %16.6715.6214.7711.5315.7611.7918.4619.7812.71
Return on Invested Capital %15.9114.0413.4511.9014.2410.8316.5516.8914.04
Quick Ratio ratio3.963.224.023.774.576.243.954.783.87
Current Ratio ratio4.874.074.764.405.086.864.535.284.24

Cash flow, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Net Income2,973.102,876.60+23.1%2,337.50+28.6%1,817.30+35.2%1,344.40-22.2%1,728.10+62.0%1,066.80-22.8%1,381.80+22.8%1,125.00
Depreciation727.90625.10+37.2%455.70+2155.9%20.20-94.5%365.80+17.9%310.20+12.3%276.20+36.1%203.00+69.0%120.10
Other Funds (Non Cash)893.00782.00+15.6%676.40-34.6%1,034.70+76.9%585.00+21.4%481.80+34.8%357.40+4.2%342.90+24.1%276.30
Funds from Operations4,870.404,302.80+29.0%3,334.30+28.7%2,591.40+22.8%2,109.90-14.1%2,457.50+39.8%1,758.00-8.4%1,919.70+23.6%1,553.30
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-780.90-1,272.30-919.30-777.60-619.10-368.10-273.20-321.50-383.70
Cash from Operating Activities4,089.503,030.50+25.5%2,415.00+33.1%1,813.80+21.7%1,490.80-28.6%2,089.40+40.7%1,484.80-7.1%1,598.20+36.6%1,169.60
Capital Expenditures-491.50-539.80-1,111.20-1,064.20-532.40-353.50-341.50-425.60-187.40
Net Assets From Acquisitions0.000.00-1.00-8.90-12.80-8.70-37.70-59.70-87.90
Sale of Fixed Assets and Businesses46.000.000.000.000.000.000.00-100.0%10.000.00
Purchase or Sale of Investments1,724.101,219.50-2,160.60-403.0%713.00-62.8%1,916.00-2,099.30-561.40-669.10-774.30
Purchase of Investments-1,885.30-1,215.90-5,139.60-2,207.40-1,399.50-6,452.00-4,292.90-3,346.20-2,581.90
Sale Or Maturity of Investments3,609.402,435.40-18.2%2,979.00+2.0%2,920.40-11.9%3,315.50-23.8%4,352.70+16.6%3,731.50+39.4%2,677.10+48.1%1,807.60
Other Uses-531.30-13.900.000.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.000.000.000.00
Cash from Investing Activities747.30665.80-3,272.80-360.10-126.3%1,370.80-2,461.50-940.60-1,144.40-1,049.60
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock-4,259.80-1,945.00-553.0%429.40-120.00-2,373.60-958.4%276.50+58.5%174.50+5187.9%3.30-98.6%236.60
Repurchase of Common Pref Stock-4,620.20-2,295.300.00-416.30-2,607.400.00-134.30-269.500.00
Sale of Common Pref Stock360.40350.30-18.4%429.40+44.9%296.30+26.7%233.80-15.4%276.50-10.5%308.80+13.2%272.80+15.3%236.60
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net0.000.000.000.000.000.000.000.000.00
Change in Long Term Debt0.000.000.000.000.000.000.000.000.00
Issuance of Long Term Debt0.000.000.000.000.000.000.000.000.00
Reduction of Long Term Debt0.000.000.000.000.000.000.000.000.00
Net Financing Active Other Cash Flow-412.90-419.10-278.50-167.60-198.70-233.50-260.20-181.70-110.30
Other Financing Activities Uses-412.90-419.10-278.50-167.60-198.70-233.50-260.20-181.70-120.00
Cash from Financing Activities-4,672.70-2,364.10-1666.7%150.90-287.60-2,572.30-6082.1%43.00-85.70-178.40-241.3%126.30
Exchange Rate Effect8.8012.80-0.80-124.2%3.30-38.9%5.40-3.40-2.60-2.20-0.10
Net Change in Cash172.901,345.00-707.70-160.5%1,169.40+296.8%294.70-332.50-172.9%455.90+66.9%273.20+11.0%246.20
Free Cash Flow3,598.002,490.70+91.0%1,303.80+73.9%749.60-21.8%958.40-44.8%1,735.90+51.8%1,143.30-2.5%1,172.60+19.4%982.20
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow ratio39.7482.47144.92160.85100.2375.7186.0860.2457.93
Deferred Taxes & Investment Tax Credit-19.10-135.30-280.80-185.30-62.60-208.7%57.60-8.00-125.1%31.90

Balance sheet, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Cash & Short Term Investments4,071.80-17.1%5,246.50-1.5%4,547.90+0.8%5,934.90+47.9%4,908.80+16.0%5,326.50+12.0%4,511.30-6.0%4,013.30-23.2%
Short Term Receivables1,825.00+31.9%1,774.70+27.3%1,711.10+26.8%1,628.20+20.0%1,383.90+7.3%1,394.20+12.1%1,349.40+7.1%1,356.80+7.0%
Inventories2,128.20+19.4%2,028.70+21.7%1,945.10+25.2%1,840.00+23.7%1,781.90+20.3%1,667.00+20.5%1,553.60+19.6%1,487.20+21.8%
Other Current Assets403.30-10.5%492.80+37.6%605.40+148.6%376.40+48.4%450.70+112.4%358.20+32.7%243.50-10.8%253.70+43.6%
Total Current Assets8,428.30-1.1%9,542.70+9.1%8,809.50+15.0%9,779.50+37.5%8,525.30+18.2%8,745.90+14.3%7,657.80+0.3%7,111.00-9.9%
Net Property, Plant & Equipment5,676.20+10.2%5,551.50+11.4%5,447.90+13.5%5,493.20+14.8%5,150.90+16.2%4,985.30+21.1%4,799.00+26.3%4,783.00+32.2%
Total Investments and Advances2,772.90-21.3%3,424.30-18.6%3,476.90-24.2%3,099.20-35.7%3,523.70-13.6%4,206.00+43.8%4,589.90+82.0%4,819.10+127.3%
Intangible Assets748.50+106.4%778.60+112.4%786.70+114.3%381.40+2.9%362.60-2.9%366.60-2.7%367.10-3.9%370.50-4.5%
Deferred Tax Assets719.70-26.5%652.40-39.0%683.80-34.2%1,191.10+4.4%978.90-1.8%1,070.30+13.0%1,038.60+13.2%1,140.50+14.9%
Other Assets707.00+16.5%693.80+19.9%658.30+21.7%487.50+32.1%606.80+39.8%578.60+40.3%540.90+48.6%369.00+28.7%
Total Assets19,349.100.0%20,876.60+3.5%20,111.00+4.6%20,631.20+9.5%19,351.80+9.1%20,163.20+21.1%19,220.40+21.4%18,838.60+21.4%
Short Term Debt Incl. Current Port. of LT Debt0.000.000.0039.00+16.4%0.000.000.0033.50+32.4%
Accounts Payable279.50-4.0%277.20+3.9%332.90+20.5%255.10+31.9%291.20+33.2%266.80+37.2%276.20+42.1%193.40+2.5%
Income Tax Payable218.80+70.8%165.30+76.4%155.70+168.4%125.40-18.8%128.10-22.2%93.70+9.1%58.00+12.0%154.40+38.6%
Other Current Liabilities2,034.70+47.0%1,480.40+11.1%1,422.40+18.1%1,586.70+16.3%1,383.90+7.0%1,332.10+10.3%1,203.90+6.6%1,364.00+2.3%
Total Current Liabilities2,533.00+40.5%1,922.90+13.6%1,911.00+24.2%2,006.20+14.9%1,803.20+7.5%1,692.60+13.8%1,538.10+11.9%1,745.30+5.2%
Long Term Debt0.000.000.00131.90+17.2%0.000.000.00112.50+74.4%
Provision for Risks Charges0.000.000.000.000.000.000.000.00
Deferred Tax Liabilities---172.50+80.8%---95.40+16.2%
Other Liabilities698.30+37.9%656.00+26.8%602.80+27.0%378.90+6.5%506.50+30.2%517.50+41.4%474.60+16.8%355.80+10.8%
Total Liabilities3,231.30+39.9%2,578.90+16.7%2,513.80+24.9%2,689.50+16.5%2,309.70+11.8%2,210.10+19.2%2,012.70+13.0%2,309.00+8.6%
Non-Equity Reserves0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.00
Common Equity15,986.20-5.6%18,168.40+1.8%17,474.50+2.2%17,824.00+8.5%16,929.70+8.6%17,845.70+21.3%17,106.40+22.5%16,433.70+23.5%
Total Shareholders Equity15,986.20-5.6%18,168.40+1.8%17,474.50+2.2%17,824.00+8.5%16,929.70+8.6%17,845.70+21.3%17,106.40+22.5%16,433.70+23.5%
Accumulated Minority Interest131.60+17.1%129.30+20.4%122.70+21.1%117.70+22.7%112.40+19.3%107.40+21.8%101.30+20.9%95.90+6.9%
Total Equity16,117.80-5.4%18,297.70+1.9%17,597.20+2.3%17,941.70+8.5%17,042.10+8.7%17,953.10+21.3%17,207.70+22.5%16,529.60+23.4%
Total Liabilities & Stockholders Equity19,349.100.0%20,876.60+3.5%20,111.00+4.6%20,631.20+9.5%19,351.80+9.1%20,163.20+21.1%19,220.40+21.4%18,838.60+21.4%
Book Value Per Share per share46.12-3.3%51.34+3.1%49.31+3.3%50.19+8.9%47.70+9.0%49.79+20.3%47.73+21.3%46.08+22.0%
Tangible Book Value Per Share per share43.96-5.8%49.14+0.8%47.09+0.8%49.12+9.0%46.68+9.3%48.77+20.9%46.71+22.0%45.05+22.9%
Full-Time Employees people---17,021+8.8%---15,638+14.3%
Price to Book Ratio ratio9.548.079.1811.878.9811.3910.7511.93
Return on Assets %15.2815.3015.1514.4714.8114.1714.1313.52
Return on Equity %17.9717.4317.2316.6716.9016.0215.9415.62
Return on Invested Capital %3.274.504.704.434.163.694.084.14
Quick Ratio ratio2.493.913.593.963.744.183.973.22
Current Ratio ratio3.334.964.614.874.735.174.984.07

Cash flow, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Net Income524.40-26.1%823.20+23.9%826.00+17.4%799.50+16.2%709.20+24.3%664.20+25.0%703.70+28.6%688.00+12.7%
Depreciation156.70-2.1%216.30+39.3%186.00+32.0%168.90+42.7%160.00+37.7%155.30+38.9%140.90+28.9%118.40
Other Funds (Non Cash)259.70+31.0%215.90+10.4%205.40+16.6%212.00+12.9%198.20+16.6%195.60+20.2%176.20+13.0%187.80-66.2%
Funds from Operations886.40-23.3%1,286.40+30.5%1,556.70+52.5%1,140.90+18.4%1,155.40+45.9%985.60+27.4%1,020.90+26.8%963.40+44.3%
Extraordinary Item0.000.000.000.000.000.000.000.00
Changes in Working Capital337.70-225.40-644.80-248.40-314.40-270.20-439.30-140.80
Cash from Operating Activities1,224.10+45.6%1,061.00+48.3%911.90+56.8%892.50+8.5%841.00+19.0%715.40+15.3%581.60+119.1%822.60+260.3%
Capital Expenditures-113.10-112.60-103.30-162.50-105.40-155.30-116.60-312.00
Net Assets From Acquisitions0.00-100.0%0.000.000.001.20-1.200.00-1.00
Sale of Fixed Assets and Businesses0.000.0046.000.000.000.000.000.00
Purchase or Sale of Investments2,001.30+295.2%86.00-79.4%-329.00-199.7%-34.20506.40417.20330.10+191.1%-951.20
Purchase of Investments-111.20-437.80-911.30-425.00-99.10-172.00-519.80-1,430.00
Sale Or Maturity of Investments2,112.50+248.9%523.80-11.1%582.30-31.5%390.80-18.4%605.50-19.8%589.20-18.8%849.90-16.6%478.80-38.6%
Other Uses9.600.00-528.20-12.70-1.200.000.000.00
Other Sources0.000.000.000.000.000.000.000.00
Cash from Investing Activities1,897.80+373.3%-26.60-110.2%-914.50-528.3%-209.40401.00260.70213.50-1,264.20
Cash Dividends Paid0.000.000.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.000.000.00
Change in Capital Stock-2,879.30-254.70-1,001.40-845.6%-124.40-301.0%-1,823.30-1677.2%-131.60-284.1%134.30-25.6%61.90
Repurchase of Common Pref Stock-2,975.70-320.30-1,123.20-201.00-1,913.30-181.000.000.00
Sale of Common Pref Stock96.40+7.1%65.60+32.8%121.80-9.3%76.60+23.7%90.00-22.1%49.40-30.9%134.30-25.6%61.90+40.4%
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net0.000.000.000.000.000.000.000.00
Change in Long Term Debt0.000.000.000.000.000.000.000.00
Issuance of Long Term Debt0.000.000.000.000.000.000.000.00
Reduction of Long Term Debt0.000.000.000.000.000.000.000.00
Net Financing Active Other Cash Flow-14.30-33.20-352.30-13.10-19.70-16.20-370.10-12.50
Other Financing Activities Uses-14.30-33.20-352.30-13.10-19.70-16.20-370.10-12.50
Cash from Financing Activities-2,893.60-287.90-1,353.70-137.50-378.3%-1,843.00-1976.8%-147.80-395.6%-235.8049.40
Exchange Rate Effect-11.60-390.0%7.10+610.0%1.0012.30+48.2%4.001.00-4.50-166.2%8.30
Net Change in Cash216.70753.60-9.1%-1,355.30-344.3%557.90-597.00829.30+315.3%554.80+472.0%-383.90
Free Cash Flow1,111.00+51.0%948.40+69.3%808.60+73.9%730.00+43.0%735.60+60.4%560.10+80.0%465.00+1878.7%510.60
Price to Free Cash Flow ratio39.7444.0958.5281.9571.2499.21103.46145.68

Revenue breakdown

USD millions, so a column adds up to the income statement. Share is of the latest year in that split. The change is versus the older year shown, not TTM.

Product
Name20242025vs 20242025 share
Instruments and Accessories5,079.006,018.90+18.5%59.8%
Service1,307.101,572.10+20.3%15.6%
Systems1,966.002,473.70+25.8%24.6%
Total8,352.1010,064.70+20.5%100.0%
Region
Name20242025vs 20242025 share
Country of domicile5,589.406,815.80+21.9%67.7%
Other countries2,762.703,248.90+17.6%32.3%
Total8,352.1010,064.70+20.5%100.0%

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.05%7.1M344.2M2.43M
2026-10-152.13%7.3M344.2M2.81M
2026-09-302.11%7.4M350.8M2.98M
2026-09-152.31%8.1M350.8M3.05M
2026-08-312.20%7.7M350.8M3.05M
2026-08-142.02%7.1M350.8M3.10M
2026-07-311.89%6.6M350.9M2.98M
2026-07-151.91%6.7M350.9M2.55M
2026-06-302.08%7.3M351.8M2.36M
2026-06-152.22%7.8M351.5M2.17M
2026-05-292.07%7.3M351.8M2.05M
2026-05-151.91%6.7M351.8M1.94M
2026-04-301.90%6.7M351.6M1.98M
2026-04-151.89%6.7M352.6M1.92M
2026-03-311.91%6.8M352.9M1.95M
2026-03-131.80%6.3M352.9M1.93M
2026-02-271.87%6.6M352.9M1.86M
2026-02-131.87%6.6M352.9M1.91M
2026-01-302.03%7.2M352.9M1.85M
2026-01-152.03%7.1M352.3M2.01M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call210225.9234.20.0010.2080.000.000.979-5.4250.011
call220215.9224.20.009.6500.000.000.978-5.3790.011
call230205.9214.20.009.1170.000.000.976-5.3300.012
call240195.9204.30.008.6550.000.000.975-5.2770.012
call250185.9194.20.008.1160.000.000.973-5.2210.013
call260175.51840.007.6430.000.000.972-5.1610.014
call270165.41740.007.1000.000.000.970-5.0970.014
call275160.41690.006.9640.000.000.969-5.0640.015
call280155.4164.20.006.7450.000.000.968-5.0290.015
call285150.51590.006.4490.000.000.967-4.9930.016
call290145.4153.90.006.2780.000.000.966-4.9560.016
call295140.4149.10.006.0690.000.000.965-4.9180.016
call300135.5144.20.005.9000.000.000.963-4.8780.017
call305130.5138.90.005.6610.000.000.962-4.8370.017
call310125.41340.005.4950.000.000.961-4.7940.018
call315120.41290.005.2960.000.000.959-4.7500.018
call320115.41240.005.1000.000.000.958-4.7030.019
call325110.4118.90.004.8730.000.000.956-4.6550.020
call330105.41140.004.6500.000.000.954-4.6050.020
call335100.5109.10.004.4920.000.000.952-4.5520.021
call34095.50104.170.104.3040.000.000.950-4.4980.022
call34590.5099.000.004.1470.000.000.948-4.4400.022
call35085.5094.200.003.9610.000.000.946-4.3800.023
call35580.5089.200.003.7770.000.000.943-4.3160.024
call36075.5084.000.003.5400.000.000.940-4.2490.025
call36570.5079.200.003.4110.000.000.937-4.1790.026
call37065.5074.2083.153.2292.000.000.934-4.1030.027
call372.563.0071.600.003.1140.000.000.932-4.0640.028
call37560.5068.800.003.0880.000.000.950-2.7430.022
call377.558.0066.200.002.8840.000.000.928-3.9730.029
call38055.5063.800.002.8210.000.000.926-3.9350.030
call382.553.1061.200.002.7070.000.000.923-3.8870.030
call38550.5058.800.002.6420.000.000.921-3.8450.031
call387.549.1056.300.002.5530.000.000.918-3.7960.032
call39046.4053.8053.002.4631.001.000.916-3.7450.033
call392.543.0051.300.002.3710.000.000.912-3.6850.033
call39541.6048.8048.852.3592.000.000.934-2.4970.027
call397.538.0046.200.002.1730.000.000.904-3.6280.036
call40037.0043.8061.252.09917.000.000.899-3.6360.037
call402.533.5041.3052.342.0123.000.000.892-3.6640.039
call40531.3038.8053.191.9902.000.000.910-2.7540.034
call407.528.5036.300.001.8290.000.000.878-3.6700.043
call41025.4032.3033.561.52840.000.000.875-3.4560.043
call412.523.8031.400.001.6600.000.000.860-3.6600.047
call41520.6028.9034.451.56515.000.000.849-3.6320.049
call417.518.1025.6043.831.3361.000.000.844-3.3950.050
call42016.1024.0022.821.38711.004.000.823-3.5580.054
call422.513.7021.600.001.3030.000.000.807-3.5120.058
call42512.5019.2017.001.21625.002.000.788-3.4450.061
call427.58.8016.9031.331.1391.000.000.755-3.6000.066
call4306.3014.7018.601.07064.000.000.718-3.6900.071
call432.56.2011.5028.800.8642.000.000.695-3.2300.074
call4353.7010.6014.250.9471000.000.637-3.3850.079
call437.50.356.107.150.5731.005.000.587-2.7880.082
call4401.054.505.850.7321322.000.505-3.5050.084
call442.50.053.802.550.5923.0017.000.422-2.8640.082
call4450.052.152.880.49919.007.000.325-2.3580.076
call447.50.003.801.900.56315.0023.000.318-3.3000.075
call4500.501.300.820.55766.0087.000.261-2.9640.068
call452.50.001.900.550.6374.0054.000.245-3.2920.066
call4550.001.500.570.71429.0021.000.211-3.1290.061
call457.50.001.850.200.7887.003.000.183-2.9770.056
call4600.001.200.250.83792.004.000.153-2.6570.050
call462.50.004.901.050.90616.000.000.158-3.0940.051
call4650.001.000.100.92413339.000.133-2.7820.045
call467.50.002.100.450.9881270.000.125-2.8140.043
call4700.000.100.050.61950.003.000.037-0.7060.018
call472.50.001.650.190.71268.000.000.039-0.8880.018
call4750.000.100.040.68886.007.000.024-0.5710.012
call477.50.004.900.860.72961.000.000.019-0.4840.010
call4800.000.250.050.7691711.000.014-0.3810.008
call482.50.004.900.200.80921.000.000.010-0.2860.006
call4850.004.900.050.84790.000.000.009-0.2470.005
call487.50.004.900.050.8885.000.000.008-0.2510.005
call4900.004.900.050.92637.000.000.008-0.2530.005
call492.50.004.900.400.96418.000.000.008-0.2550.004
call4950.005.100.201.00220.000.000.007-0.2570.004
call497.50.004.000.000.7180.000.000.024-0.3550.018
call5000.000.150.151.07756.000.000.007-0.2610.004
call502.50.005.103.401.1131.000.000.007-0.2630.004
call5050.005.100.101.1508.000.000.006-0.2650.004
call507.50.005.103.201.18611.000.000.006-0.2660.004
call5100.005.100.101.22213.000.000.006-0.2680.004
call512.50.005.100.001.2570.000.000.006-0.2700.004
call5150.005.101.801.2923.000.000.006-0.2710.003
call517.50.005.100.001.3270.000.000.006-0.2730.003
call5200.005.101.001.36227.000.000.006-0.2740.003
call522.50.005.100.001.3960.000.000.005-0.2750.003
call5250.000.200.000.8640.000.000.006-0.1260.005
call527.50.005.100.001.4640.000.000.005-0.2780.003
call5300.005.100.341.4985.000.000.005-0.2790.003
call532.50.005.100.001.5310.000.000.005-0.2810.003
call5350.005.100.001.5640.000.000.005-0.2820.003
call5400.005.100.301.6304.000.000.005-0.2840.003
call5450.005.100.001.6950.000.000.005-0.2860.003
call5500.000.100.251.0897.000.000.005-0.1310.004
call5550.005.100.001.8210.000.000.004-0.2900.003
call5600.004.900.001.7640.000.000.007-0.4080.005
put2100.005.100.008.4610.000.00-0.021-5.4020.011
put2200.005.100.007.9850.000.00-0.022-5.3550.011
put2300.005.100.007.5300.000.00-0.024-5.3040.012
put2400.005.100.007.0940.000.00-0.025-5.2510.012
put2500.005.100.006.6750.000.00-0.027-5.1930.013
put2600.005.100.006.2710.000.00-0.028-5.1320.014
put2700.005.100.005.8810.000.00-0.030-5.0670.014
put2750.005.100.005.6900.000.00-0.031-5.0330.015
put2800.005.100.005.5030.000.00-0.032-4.9980.015
put2850.005.100.005.3190.000.00-0.033-4.9620.016
put2900.005.100.005.1370.000.00-0.034-4.9240.016
put2950.005.101.304.9590.000.00-0.035-4.8850.016
put3000.005.100.004.7820.000.00-0.037-4.8450.017
put3050.005.100.004.6080.000.00-0.038-4.8030.017
put3100.005.101.074.4362380.00-0.039-4.7600.018
put3150.005.101.634.2672.000.00-0.041-4.7140.018
put3200.005.101.004.0993.000.00-0.042-4.6680.019
put3250.005.100.403.93314.000.00-0.044-4.6190.020
put3300.005.100.203.7698.000.00-0.046-4.5680.020
put3350.005.102.053.60759.000.00-0.048-4.5150.021
put3400.005.102.103.44626.000.00-0.050-4.4600.022
put3450.005.100.013.2874.000.00-0.052-4.4020.022
put3500.002.000.052.8462.000.00-0.050-3.2700.025
put3550.004.900.052.9723.001.00-0.057-4.2770.024
put3600.005.100.102.81617.000.00-0.060-4.2090.025
put3650.004.900.452.6628.000.00-0.063-4.1380.026
put3700.004.900.452.22926.000.00-0.047-2.7500.021
put372.50.004.900.852.1595.000.00-0.048-2.7250.021
put3750.004.900.902.08823.000.00-0.050-2.6990.022
put377.50.004.900.001.8560.000.00-0.052-2.2170.025
put3800.004.900.602.20117.000.00-0.074-3.8930.030
put382.50.004.900.002.1250.000.00-0.077-3.8500.030
put3850.004.900.142.04867.000.00-0.079-3.8000.031
put387.50.002.950.401.97155.000.00-0.082-3.7480.032
put3900.004.900.051.89630.000.00-0.084-3.7000.033
put392.50.004.900.231.8190.000.00-0.088-3.6460.033
put3950.004.902.221.74315.000.00-0.091-3.5900.034
put397.50.004.900.001.6670.000.00-0.096-3.5840.036
put4000.004.900.361.58830.000.00-0.101-3.5980.037
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Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-124Statement of changes in beneficial ownership of securities2026-11-10SEC
2026-11-10144Filing for proposed sale of securities under Rule 144.SEC
2026-11-054Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-054Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-30SEC
2026-11-028-KCurrent report2026-10-29SEC
2026-10-30144Filing for proposed sale of securities under Rule 144.SEC
2026-10-284Statement of changes in beneficial ownership of securities2026-10-26SEC
2026-10-264Statement of changes in beneficial ownership of securities2026-10-23SEC
2026-10-264Statement of changes in beneficial ownership of securities2026-10-23SEC
2026-10-264Statement of changes in beneficial ownership of securities2026-10-23SEC
2026-10-264Statement of changes in beneficial ownership of securities2026-10-23SEC
2026-10-23144Filing for proposed sale of securities under Rule 144.SEC
2026-10-23144Filing for proposed sale of securities under Rule 144.SEC
2026-10-23144Filing for proposed sale of securities under Rule 144.SEC
2026-10-23144Filing for proposed sale of securities under Rule 144.SEC
2026-10-2110-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-208-KCurrent report2026-10-20SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-10SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-10SEC
2026-09-164Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-15144Filing for proposed sale of securities under Rule 144.SEC
2026-09-114Statement of changes in beneficial ownership of securities2026-09-10SEC
2026-09-094Statement of changes in beneficial ownership of securities2026-09-08SEC
2026-09-08144Filing for proposed sale of securities under Rule 144.SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-194Statement of changes in beneficial ownership of securities2026-08-17SEC
2026-08-124Statement of changes in beneficial ownership of securities2026-08-11SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-11005.29M3
2026-100014.41M10
2026-0900449.58K5
2026-08004.48M9
2026-070049.49K5
2026-06002.58M7
2026-0500218.19K6
2026-0400291.89K2
2026-03004.92M9
2026-02001.73M6
2026-010014.66M4
2025-120016.12M6
2025-110011.61M5

Institutional holders

Manager% owned
BlackRock, Inc.8.48%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
STATE STREET CORP4.58%
Invesco Ltd.3.40%
PRICE T ROWE ASSOCIATES INC /MD/3.18%
GEODE CAPITAL MANAGEMENT, LLC2.42%
Capital World Investors2.39%
VANGUARD PORTFOLIO MANAGEMENT LLC2.05%
MORGAN STANLEY1.85%
NORGES BANK1.40%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND3.17%
VANGUARD 500 INDEX FUND2.59%
Invesco QQQ Trust, Series 12.12%
iShares Core S&P 500 ETF1.38%
Fidelity 500 Index Fund1.30%
SPDR S&P 500 ETF TRUST1.21%
VANGUARD GROWTH INDEX FUND1.09%
Growth Fund of America0.91%
VANGUARD HEALTH CARE FUND0.77%
State Street(R) Health Care Select Sector SPDR(R) ETF0.71%

OakChart. ISRG. Cached 15 minutes. Terms