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直觉外科（ISRG）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
直觉外科的季度营收约是RXO, Inc.的1.9倍（$2.8B vs $1.5B），直觉外科净利率更高（29.8% vs -3.1%，领先32.9%），直觉外科同比增速更快（23.0% vs -11.9%），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 17.4%）
直觉外科（Intuitive Surgical）是美国医疗科技企业，主打研发、生产及销售微创外科手术机器人产品，核心产品为达芬奇手术系统，可有效提升患者临床治疗效果。该公司为纳斯达克100、标普100及标普500指数成分股，截至2021年末全球达芬奇系统装机量达6730台，其中美国市场占4139台。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
ISRG vs RXO — 直观对比
营收规模更大
ISRG
是对方的1.9倍
$1.5B
营收增速更快
ISRG
高出34.8%
-11.9%
净利率更高
ISRG
高出32.9%
-3.1%
两年增速更快
RXO
近两年复合增速
17.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.5B |
| 净利润 | $826.0M | $-46.0M |
| 毛利率 | 66.1% | — |
| 营业利润率 | — | -2.9% |
| 净利率 | 29.8% | -3.1% |
| 营收同比 | 23.0% | -11.9% |
| 净利润同比 | 17.4% | -84.0% |
| 每股收益（稀释后） | $2.28 | $-0.28 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ISRGRXO
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.9B | $1.5B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.4B | $1.4B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.0B | $1.0B | ||
| Q2 24 | $2.0B | $930.0M |
净利润ISRGRXO
| Q1 26 | $826.0M | — | ||
| Q4 25 | $794.8M | $-46.0M | ||
| Q3 25 | $704.4M | $-14.0M | ||
| Q2 25 | $658.4M | $-9.0M | ||
| Q1 25 | $698.4M | $-31.0M | ||
| Q4 24 | $685.7M | $-25.0M | ||
| Q3 24 | $565.1M | $-243.0M | ||
| Q2 24 | $526.9M | $-7.0M |
毛利率ISRGRXO
| Q1 26 | 66.1% | — | ||
| Q4 25 | 66.4% | — | ||
| Q3 25 | 66.4% | — | ||
| Q2 25 | 66.3% | — | ||
| Q1 25 | 64.7% | — | ||
| Q4 24 | 68.0% | — | ||
| Q3 24 | 67.4% | — | ||
| Q2 24 | 68.3% | — |
营业利润率ISRGRXO
| Q1 26 | — | — | ||
| Q4 25 | 30.2% | -2.9% | ||
| Q3 25 | 30.3% | -0.5% | ||
| Q2 25 | 30.5% | — | ||
| Q1 25 | 25.7% | -2.1% | ||
| Q4 24 | 30.4% | -1.4% | ||
| Q3 24 | 28.3% | -1.9% | ||
| Q2 24 | 28.2% | — |
净利率ISRGRXO
| Q1 26 | 29.8% | — | ||
| Q4 25 | 27.7% | -3.1% | ||
| Q3 25 | 28.1% | -1.0% | ||
| Q2 25 | 27.0% | -0.6% | ||
| Q1 25 | 31.0% | -2.2% | ||
| Q4 24 | 28.4% | -1.5% | ||
| Q3 24 | 27.7% | -23.4% | ||
| Q2 24 | 26.2% | -0.8% |
每股收益（稀释后）ISRGRXO
| Q1 26 | $2.28 | — | ||
| Q4 25 | $2.19 | $-0.28 | ||
| Q3 25 | $1.95 | $-0.08 | ||
| Q2 25 | $1.81 | $-0.05 | ||
| Q1 25 | $1.92 | $-0.18 | ||
| Q4 24 | $1.89 | $-0.17 | ||
| Q3 24 | $1.56 | $-1.81 | ||
| Q2 24 | $1.46 | $-0.06 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $17.6B | $1.5B |
| 总资产 | $20.1B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资ISRGRXO
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $17.0M | ||
| Q3 25 | $4.9B | $25.0M | ||
| Q2 25 | $5.3B | $18.0M | ||
| Q1 25 | $4.5B | $16.0M | ||
| Q4 24 | $4.0B | $35.0M | ||
| Q3 24 | $4.2B | $55.0M | ||
| Q2 24 | $4.8B | $7.0M |
总债务ISRGRXO
| Q1 26 | — | — | ||
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M |
股东权益ISRGRXO
| Q1 26 | $17.6B | — | ||
| Q4 25 | $17.8B | $1.5B | ||
| Q3 25 | $16.9B | $1.6B | ||
| Q2 25 | $17.8B | $1.6B | ||
| Q1 25 | $17.1B | $1.6B | ||
| Q4 24 | $16.4B | $1.6B | ||
| Q3 24 | $15.6B | $1.7B | ||
| Q2 24 | $14.7B | $579.0M |
总资产ISRGRXO
| Q1 26 | $20.1B | — | ||
| Q4 25 | $20.5B | $3.3B | ||
| Q3 25 | $19.4B | $3.2B | ||
| Q2 25 | $20.2B | $3.2B | ||
| Q1 25 | $19.2B | $3.3B | ||
| Q4 24 | $18.7B | $3.4B | ||
| Q3 24 | $17.7B | $3.4B | ||
| Q2 24 | $16.6B | $1.8B |
负债/权益比ISRGRXO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $7.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-9.0M |
| 自由现金流率自由现金流/营收 | — | -0.6% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-8.0M |
8季度趋势，按日历期对齐
经营现金流ISRGRXO
| Q1 26 | — | — | ||
| Q4 25 | $892.5M | $7.0M | ||
| Q3 25 | $841.0M | $23.0M | ||
| Q2 25 | $715.4M | $23.0M | ||
| Q1 25 | $581.6M | $-2.0M | ||
| Q4 24 | $822.6M | $-7.0M | ||
| Q3 24 | $706.5M | $-7.0M | ||
| Q2 24 | $620.5M | $-5.0M |
自由现金流ISRGRXO
| Q1 26 | — | — | ||
| Q4 25 | $730.0M | $-9.0M | ||
| Q3 25 | $735.6M | $9.0M | ||
| Q2 25 | $560.1M | $9.0M | ||
| Q1 25 | $465.0M | $-17.0M | ||
| Q4 24 | $510.6M | $-19.0M | ||
| Q3 24 | $458.6M | $-18.0M | ||
| Q2 24 | $311.1M | $-16.0M |
自由现金流率ISRGRXO
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | -0.6% | ||
| Q3 25 | 29.4% | 0.6% | ||
| Q2 25 | 23.0% | 0.6% | ||
| Q1 25 | 20.6% | -1.2% | ||
| Q4 24 | 21.2% | -1.1% | ||
| Q3 24 | 22.5% | -1.7% | ||
| Q2 24 | 15.5% | -1.7% |
资本支出强度ISRGRXO
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 1.1% | ||
| Q3 25 | 4.2% | 1.0% | ||
| Q2 25 | 6.4% | 1.0% | ||
| Q1 25 | 5.2% | 1.0% | ||
| Q4 24 | 12.9% | 0.7% | ||
| Q3 24 | 12.2% | 1.1% | ||
| Q2 24 | 15.4% | 1.2% |
现金转化率ISRGRXO
| Q1 26 | — | — | ||
| Q4 25 | 1.12× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.09× | — | ||
| Q1 25 | 0.83× | — | ||
| Q4 24 | 1.20× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 1.18× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ISRG
| Instruments and accessories | $1.7B | 61% |
| Systems | $650.7M | 23% |
| Services | $433.7M | 16% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
