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直觉外科（ISRG）与Steel Dynamics（STLD）财务数据对比。点击上方公司名可切换其他公司
Steel Dynamics的季度营收约是直觉外科的1.9倍（$5.2B vs $2.8B），直觉外科净利率更高（29.8% vs 7.7%，领先22.1%），直觉外科同比增速更快（23.0% vs 17.9%），过去两年直觉外科的营收复合增速更高（17.4% vs 6.0%）
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。
Steel Dynamics是总部位于美国印第安纳州韦恩堡的钢铁生产企业，钢铁产能达1300万吨，为美国第三大碳钢产品生产商，按利润率及每吨运营利润率计算属于美国盈利能力最强的钢企之一，凭借2021年营收位列2022年财富美国500强第196位。
ISRG vs STLD — 直观对比
营收规模更大
STLD
是对方的1.9倍
$2.8B
营收增速更快
ISRG
高出5.0%
17.9%
净利率更高
ISRG
高出22.1%
7.7%
两年增速更快
ISRG
近两年复合增速
6.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $5.2B |
| 净利润 | $826.0M | $400.1M |
| 毛利率 | 66.1% | 14.7% |
| 营业利润率 | — | 10.3% |
| 净利率 | 29.8% | 7.7% |
| 营收同比 | 23.0% | 17.9% |
| 净利润同比 | 17.4% | 51.3% |
| 每股收益（稀释后） | $2.28 | $2.78 |
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ISRGSTLD
| Q1 26 | $2.8B | $5.2B | ||
| Q4 25 | $2.9B | $4.4B | ||
| Q3 25 | $2.5B | $4.8B | ||
| Q2 25 | $2.4B | $4.6B | ||
| Q1 25 | $2.3B | $4.4B | ||
| Q4 24 | $2.4B | $3.9B | ||
| Q3 24 | $2.0B | $4.3B | ||
| Q2 24 | $2.0B | $4.6B |
净利润ISRGSTLD
| Q1 26 | $826.0M | $400.1M | ||
| Q4 25 | $794.8M | $266.0M | ||
| Q3 25 | $704.4M | $403.7M | ||
| Q2 25 | $658.4M | $298.7M | ||
| Q1 25 | $698.4M | $217.2M | ||
| Q4 24 | $685.7M | $207.3M | ||
| Q3 24 | $565.1M | $317.8M | ||
| Q2 24 | $526.9M | $428.0M |
毛利率ISRGSTLD
| Q1 26 | 66.1% | 14.7% | ||
| Q4 25 | 66.4% | 12.0% | ||
| Q3 25 | 66.4% | 15.7% | ||
| Q2 25 | 66.3% | 13.5% | ||
| Q1 25 | 64.7% | 11.1% | ||
| Q4 24 | 68.0% | 11.4% | ||
| Q3 24 | 67.4% | 13.9% | ||
| Q2 24 | 68.3% | 16.7% |
营业利润率ISRGSTLD
| Q1 26 | — | 10.3% | ||
| Q4 25 | 30.2% | 7.0% | ||
| Q3 25 | 30.3% | 10.5% | ||
| Q2 25 | 30.5% | 8.4% | ||
| Q1 25 | 25.7% | 6.3% | ||
| Q4 24 | 30.4% | 6.1% | ||
| Q3 24 | 28.3% | 9.1% | ||
| Q2 24 | 28.2% | 12.1% |
净利率ISRGSTLD
| Q1 26 | 29.8% | 7.7% | ||
| Q4 25 | 27.7% | 6.0% | ||
| Q3 25 | 28.1% | 8.4% | ||
| Q2 25 | 27.0% | 6.5% | ||
| Q1 25 | 31.0% | 5.0% | ||
| Q4 24 | 28.4% | 5.4% | ||
| Q3 24 | 27.7% | 7.3% | ||
| Q2 24 | 26.2% | 9.2% |
每股收益（稀释后）ISRGSTLD
| Q1 26 | $2.28 | $2.78 | ||
| Q4 25 | $2.19 | $1.80 | ||
| Q3 25 | $1.95 | $2.74 | ||
| Q2 25 | $1.81 | $2.01 | ||
| Q1 25 | $1.92 | $1.44 | ||
| Q4 24 | $1.89 | $1.40 | ||
| Q3 24 | $1.56 | $2.05 | ||
| Q2 24 | $1.46 | $2.72 |
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 | — | $556.5M |
| 总债务越低越好 | — | $4.2B |
| 股东权益账面价值 | $17.6B | $9.0B |
| 总资产 | $20.1B | $16.7B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资ISRGSTLD
| Q1 26 | — | $556.5M | ||
| Q4 25 | $5.9B | $769.9M | ||
| Q3 25 | $4.9B | $770.4M | ||
| Q2 25 | $5.3B | $497.6M | ||
| Q1 25 | $4.5B | $1.2B | ||
| Q4 24 | $4.0B | $737.3M | ||
| Q3 24 | $4.2B | $1.7B | ||
| Q2 24 | $4.8B | $1.2B |
总债务ISRGSTLD
| Q1 26 | — | $4.2B | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.1B |
股东权益ISRGSTLD
| Q1 26 | $17.6B | $9.0B | ||
| Q4 25 | $17.8B | $9.0B | ||
| Q3 25 | $16.9B | $9.0B | ||
| Q2 25 | $17.8B | $8.9B | ||
| Q1 25 | $17.1B | $8.8B | ||
| Q4 24 | $16.4B | $8.9B | ||
| Q3 24 | $15.6B | $9.1B | ||
| Q2 24 | $14.7B | $9.1B |
总资产ISRGSTLD
| Q1 26 | $20.1B | $16.7B | ||
| Q4 25 | $20.5B | $16.4B | ||
| Q3 25 | $19.4B | $16.0B | ||
| Q2 25 | $20.2B | $15.5B | ||
| Q1 25 | $19.2B | $15.9B | ||
| Q4 24 | $18.7B | $14.9B | ||
| Q3 24 | $17.7B | $15.7B | ||
| Q2 24 | $16.6B | $15.1B |
负债/权益比ISRGSTLD
| Q1 26 | — | 0.47× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.34× |
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 | — | $148.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 0.37× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ISRGSTLD
| Q1 26 | — | $148.3M | ||
| Q4 25 | $892.5M | $272.7M | ||
| Q3 25 | $841.0M | $722.6M | ||
| Q2 25 | $715.4M | $301.6M | ||
| Q1 25 | $581.6M | $152.6M | ||
| Q4 24 | $822.6M | $346.9M | ||
| Q3 24 | $706.5M | $759.9M | ||
| Q2 24 | $620.5M | $382.6M |
自由现金流ISRGSTLD
| Q1 26 | — | — | ||
| Q4 25 | $730.0M | $84.2M | ||
| Q3 25 | $735.6M | $556.9M | ||
| Q2 25 | $560.1M | $13.3M | ||
| Q1 25 | $465.0M | $-152.9M | ||
| Q4 24 | $510.6M | $-106.3M | ||
| Q3 24 | $458.6M | $138.5M | ||
| Q2 24 | $311.1M | $-36.6M |
自由现金流率ISRGSTLD
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | 1.9% | ||
| Q3 25 | 29.4% | 11.5% | ||
| Q2 25 | 23.0% | 0.3% | ||
| Q1 25 | 20.6% | -3.5% | ||
| Q4 24 | 21.2% | -2.7% | ||
| Q3 24 | 22.5% | 3.2% | ||
| Q2 24 | 15.5% | -0.8% |
资本支出强度ISRGSTLD
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 4.3% | ||
| Q3 25 | 4.2% | 3.4% | ||
| Q2 25 | 6.4% | 6.3% | ||
| Q1 25 | 5.2% | 7.0% | ||
| Q4 24 | 12.9% | 11.7% | ||
| Q3 24 | 12.2% | 14.3% | ||
| Q2 24 | 15.4% | 9.0% |
现金转化率ISRGSTLD
| Q1 26 | — | 0.37× | ||
| Q4 25 | 1.12× | 1.03× | ||
| Q3 25 | 1.19× | 1.79× | ||
| Q2 25 | 1.09× | 1.01× | ||
| Q1 25 | 0.83× | 0.70× | ||
| Q4 24 | 1.20× | 1.67× | ||
| Q3 24 | 1.25× | 2.39× | ||
| Q2 24 | 1.18× | 0.89× |
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% |
STLD
| Steel | $3.5B | 68% |
| Metals Recycling | $593.2M | 11% |
| Other | $490.1M | 9% |
| Steel Fabrication | $355.4M | 7% |
| Aluminum | $227.4M | 4% |
