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Smith & Nephew vs Intuitive Surgical: SNN and ISRG compared
Smith & Nephew is the larger company: $3.1B of revenue in its latest quarter (H1 2026) against $3.0B for Intuitive Surgical (Q3 2026). Intuitive Surgical is growing faster (+22% against +5% a year earlier). Intuitive Surgical is more profitable, with an operating margin of 19.4% against 14.5%.
Where the money goes: SNN and ISRG
Smith & Nephew (SNN) · H1 2026
Smith & Nephew, H1 2026: revenue $3.1B (+5% year over year), operating margin 14.5%, net earnings $303M, operating cash flow $450M. The chart follows the revenue to costs, profit and cash.
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.
| Smith & Nephew (SNN) | Intuitive Surgical (ISRG) | |
|---|---|---|
| Latest quarter | H1 2026 | Q3 2026 |
| Revenue | $3.1B | $3.0B |
| Revenue growth, Y/Y | +5% | +22% |
| Gross margin | 70.9% | 68.4% |
| Operating margin | 14.5% | 19.4% |
| Net earnings | $303M | $523M |
| Net margin | 9.8% | 17.1% |
| Operating cash flow | $450M | $1.2B |
| Free cash flow | — | $1.1B |
| Market value | — | $159.2B |
| P/E | — | 54.9× |
| Analysts’ mean target | — | $482.67 |
Where the revenue comes from
Intuitive Surgical
- Product: $2.6B (84%)
- Service: $482M (16%)
Questions
Which is bigger, Smith & Nephew or Intuitive Surgical?
Smith & Nephew is the larger company: $3.1B of revenue in its latest quarter (H1 2026) against $3.0B for Intuitive Surgical (Q3 2026).
Is Smith & Nephew or Intuitive Surgical growing faster?
Intuitive Surgical is growing faster (+22% against +5% a year earlier).
Which is more profitable, Smith & Nephew or Intuitive Surgical?
Intuitive Surgical is more profitable, with an operating margin of 19.4% against 14.5%.
More: Smith & Nephew earnings · how Smith & Nephew makes money · Intuitive Surgical earnings · how Intuitive Surgical makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Aug 14, 2026; 10-Q filed Oct 21, 2026). Fiscal quarters can end on different dates. Not investment advice.