Baxter International vs Intuitive Surgical
Baxter International and Intuitive Surgical are similar in size: $11.24bn and $10.06bn of revenue in their latest fiscal years. Intuitive Surgical grew faster (20.5% against 5.7%). Intuitive Surgical kept more of each dollar of sales as profit: a net margin of 28.4% against -8.5%.
| Latest fiscal year | Baxter InternationalBAX, 2025 | Intuitive SurgicalISRG, 2025 |
|---|---|---|
| Revenue | $11.24bn | $10.06bn |
| Revenue growth | 5.7% | 20.5% |
| Net income | −$957m | $2.86bn |
| Operating margin | — | 29.3% |
| Net margin | -8.5% | 28.4% |
| Return on equity | -14.6% | 16.7% |
| Free cash flow | $332m | $2.49bn |
| Cash | $1.97bn | $3.37bn |
| Total debt | $9.49bn | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | $0.52 | — |
| Dividend yield | 0.8% | — |
| Share buybacks | — | $2.30bn |
| Employees | 37,500 | 17,021 |
| Market value | $13.09bn | $153.11bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 52 (Moderate) | 89 (Strong) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 84 sales |