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Intuitive Surgical vs Zimmer Biomet Holdings: ISRG and ZBH compared
Intuitive Surgical is the larger company: $3.0B of revenue in its latest quarter (Q3 2026) against $2.1B for Zimmer Biomet Holdings (Q3 2026). Intuitive Surgical is growing faster (+22% against +3% a year earlier). Intuitive Surgical is more profitable, with an operating margin of 19.4% against 14.9%.
Where the money goes: ISRG and ZBH
Intuitive Surgical (ISRG) · Q3 2026
Intuitive Surgical, Q3 2026: revenue $3.0B (+22% year over year), operating margin 19.4%, net earnings $523M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
Zimmer Biomet Holdings (ZBH) · Q3 2026
Zimmer Biomet Holdings, Q3 2026: revenue $2.1B (+3% year over year), operating margin 14.9%, net earnings $193M, operating cash flow $560M. The chart follows the revenue to costs, profit and cash.
| Intuitive Surgical (ISRG) | Zimmer Biomet Holdings (ZBH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.0B | $2.1B |
| Revenue growth, Y/Y | +22% | +3% |
| Gross margin | 68.4% | — |
| Operating margin | 19.4% | 14.9% |
| Net earnings | $523M | $193M |
| Net margin | 17.1% | 9.4% |
| Operating cash flow | $1.2B | $560M |
| Free cash flow | $1.1B | $372M |
| Market value | $159.2B | $20.3B |
| P/E | 54.9× | 26.8× |
| Analysts’ mean target | $482.67 | $115.62 |
Where the revenue comes from
Intuitive Surgical
- Product: $2.6B (84%)
- Service: $482M (16%)
Zimmer Biomet Holdings
- Knees: $768M (37%)
- SET: $578M (28%)
- Hips: $536M (26%)
- Technology and Data Bone Cement and Surgical: $181M (9%)
Questions
Which is bigger, Intuitive Surgical or Zimmer Biomet Holdings?
Intuitive Surgical is the larger company: $3.0B of revenue in its latest quarter (Q3 2026) against $2.1B for Zimmer Biomet Holdings (Q3 2026).
Is Intuitive Surgical or Zimmer Biomet Holdings growing faster?
Intuitive Surgical is growing faster (+22% against +3% a year earlier).
Which is more profitable, Intuitive Surgical or Zimmer Biomet Holdings?
Intuitive Surgical is more profitable, with an operating margin of 19.4% against 14.9%.
More: Intuitive Surgical earnings · how Intuitive Surgical makes money · Zimmer Biomet Holdings earnings · how Zimmer Biomet Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 21, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.