--- title: "Intuitive Surgical: Competitors" description: "Intuitive Surgical compared with companies that share its SEC industry classification: revenue, growth and margins from SEC filings, and how peers are chosen." canonical: https://www.getswoopr.com/stocks/companies/intuitive-surgical/competitors/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Intuitive Surgical: Competitors & Industry Structure ## Direct Answer SEC EDGAR classifies Intuitive Surgical under SIC code 3842 (Orthopedic, Prosthetic & Surgical Appliances & Supplies). Among Swoopr's S&P 500 Equal Weight companies, 15 others share that classification; by latest reported revenue, Intuitive Surgical ranks 1 of 16. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes. ## How Does Intuitive Surgical Compare With Its Peers? | Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin | | --- | --- | --- | --- | --- | | **Intuitive Surgical (ISRG)** | $10.1 billion FY2025 | 20.5% | 29.3% | 28.4% | | [Zimmer Biomet (ZBH)](https://www.getswoopr.com/stocks/companies/zimmer-biomet/) | $8.2 billion FY2025 | 7.2% | 13.3% | 8.6% | | [Edwards Lifesciences (EW)](https://www.getswoopr.com/stocks/companies/edwards-lifesciences/) | $6.1 billion FY2025 | 11.5% | 20.8% | 17.7% | | [Steris (STE)](https://www.getswoopr.com/stocks/companies/steris/) | $5.9 billion FY2026 | 8.7% | 18.6% | 13.2% | | [Align Technology (ALGN)](https://www.getswoopr.com/stocks/companies/align-technology/) | $4.0 billion FY2025 | 0.9% | 13.5% | 10.2% | | [MSA Safety Incorporated (MSA)](https://www.getswoopr.com/stocks/companies/msa-safety-incorporated/) | $1.9 billion FY2025 | 3.7% | 19.8% | 14.9% | | [Cadre Holdings Inc. (CDRE)](https://www.getswoopr.com/stocks/companies/cadre-holdings-inc/) | $610 million FY2025 | 7.5% | 11.0% | 7.2% | | [Inogen Inc (INGN)](https://www.getswoopr.com/stocks/companies/inogen-inc/) | $349 million FY2025 | 3.9% | -8.7% | 6.5% | | [Lakeland Industries Inc. (LAKE)](https://www.getswoopr.com/stocks/companies/lakeland-industries-inc/) | $193 million FY2026 | 15.2% | -8.1% | -13.1% | | [Sanara MedTech Inc. (SMTI)](https://www.getswoopr.com/stocks/companies/sanara-medtech-inc/) | $103 million FY2025 | 19.0% | 7.1% | 36.4% | | [Myomo Inc. (MYO)](https://www.getswoopr.com/stocks/companies/myomo-inc/) | $41 million FY2025 | 25.7% | -35.2% | -38.1% | | [Milestone Scientific Inc. (MLSS)](https://www.getswoopr.com/stocks/companies/milestone-scientific-inc/) | $9 million FY2025 | 4.0% | -63.5% | 63.8% | | [ENvue Medical Inc. (FEED)](https://www.getswoopr.com/stocks/companies/envue-medical-inc/) | $3 million FY2025 | -0.2% | -896.6% | -712.3% | | [Nutriband Inc. (NTRB)](https://www.getswoopr.com/stocks/companies/nutriband-inc/) | $2 million FY2026 | -4.8% | -408.4% | -404.1% | | [Anteris Technologies Global Corp. (AVR)](https://www.getswoopr.com/stocks/companies/anteris-technologies-global-corp/) | $2 million FY2025 | -29.2% | -4908.2% | -4921.3% | | [Envoy Medical Inc. (COCH)](https://www.getswoopr.com/stocks/companies/envoy-medical-inc/) | $241,000 FY2025 | 7.1% | -9240.7% | -9857.3% | Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care. ![Bar chart of operating margin for Intuitive Surgical and 7 peers: Intuitive Surgical (ISRG) 29.3%, Zimmer Biomet (ZBH) 13.3%, Edwards Lifesciences (EW) 20.8%, Steris (STE) 18.6%, Align Technology (ALGN) 13.5%, MSA Safety Incorporated (MSA) 19.8%, Cadre Holdings Inc. (CDRE) 11.0%, Inogen Inc (INGN) -8.7%.](https://www.getswoopr.com/images/charts/intuitive-surgical-competitors-peer-margins.webp) *Operating margin of Intuitive Surgical against companies sharing its SEC industry classification, from the table above. Select the chart to open it full size.* ## How Does Intuitive Surgical Rank Among All SEC Filers in Its Industry Code? 16 companies with annual reports in Swoopr's SEC dataset share SIC code 3842 (Orthopedic, Prosthetic & Surgical Appliances & Supplies), a wider group than the S&P 500 Equal Weight companies above. Ranks run from 1 (highest) and use each company's latest fiscal year, in U.S. dollars. | Measure | Intuitive Surgical | Median of filers | Rank | | --- | --- | --- | --- | | Revenue | $10.1 billion | $271 million | 1 of 16 | | Revenue growth | 20.5% | 7.2% | 2 of 16 | | Operating margin | 29.3% | -0.5% | 1 of 16 | | Net margin | 28.4% | 7.9% | 3 of 16 | A SIC code reflects the filer's main business as the SEC records it, so the group mixes companies of very different size; the median is a better guide than the average, and a rank near the top by revenue says nothing about quality. ## Where These Numbers Come From Every figure on this page is a value Intuitive Surgical reported in its own SEC filings, read from the SEC's XBRL data (accession 0001035267-26-000010 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### Who are Intuitive Surgical's competitors? Companies sharing Intuitive Surgical's SEC classification (SIC code 3842 (Orthopedic, Prosthetic & Surgical Appliances & Supplies)) include Zimmer Biomet (ZBH), Edwards Lifesciences (EW), Steris (STE), Align Technology (ALGN), MSA Safety Incorporated (MSA). Its 10-K names the competitors it considers most relevant. ### How does Intuitive Surgical compare with its peers on margins? Intuitive Surgical's fiscal 2025 operating margin was 29.3%, against a peer median of -8.1%. ### How are these peers chosen? By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict. ### How does Intuitive Surgical rank among all companies in its SEC industry? Among 16 SEC filers under SIC code 3842, Intuitive Surgical ranks 1 by latest revenue, and 1 of 16 by operating margin (29.3% against a median of -0.5%). ## References - [SEC EDGAR: INTUITIVE SURGICAL INC Form 10-K filed February 3, 2026](https://www.sec.gov/Archives/edgar/data/1035267/000103526726000010/isrg-20251231.htm) - [SEC EDGAR: INTUITIVE SURGICAL INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1035267&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Intuitive Surgical company dossier](https://www.getswoopr.com/stocks/companies/intuitive-surgical/) - [Intuitive Surgical financial metrics](https://www.getswoopr.com/stocks/companies/intuitive-surgical/metrics/) - [Intuitive Surgical financial risk indicators](https://www.getswoopr.com/stocks/companies/intuitive-surgical/risks/) - [Intuitive Surgical peer comparison](https://www.getswoopr.com/stocks/companies/intuitive-surgical/competitors/) - [Intuitive Surgical business model and revenue mix](https://www.getswoopr.com/stocks/companies/intuitive-surgical/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).