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直觉外科（ISRG）与Welltower（WELL）财务数据对比。点击上方公司名可切换其他公司
Welltower的季度营收约是直觉外科的1.2倍（$3.4B vs $2.8B），直觉外科净利率更高（29.8% vs 22.4%，领先7.4%），Welltower同比增速更快（38.3% vs 23.0%），过去两年Welltower的营收复合增速更高（55.1% 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。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
ISRG vs WELL — 直观对比
营收规模更大
WELL
是对方的1.2倍
$2.8B
营收增速更快
WELL
高出15.4%
23.0%
净利率更高
ISRG
高出7.4%
22.4%
两年增速更快
WELL
近两年复合增速
17.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $3.4B |
| 净利润 | $826.0M | $752.3M |
| 毛利率 | 66.1% | — |
| 营业利润率 | — | — |
| 净利率 | 29.8% | 22.4% |
| 营收同比 | 23.0% | 38.3% |
| 净利润同比 | 17.4% | 192.4% |
| 每股收益（稀释后） | $2.28 | — |
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ISRGWELL
| Q1 26 | $2.8B | $3.4B | ||
| Q4 25 | $2.9B | $2.6B | ||
| Q3 25 | $2.5B | $2.1B | ||
| Q2 25 | $2.4B | $2.0B | ||
| Q1 25 | $2.3B | $1.9B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $2.0B | $1.4B |
净利润ISRGWELL
| Q1 26 | $826.0M | $752.3M | ||
| Q4 25 | $794.8M | $117.8M | ||
| Q3 25 | $704.4M | $282.2M | ||
| Q2 25 | $658.4M | $304.6M | ||
| Q1 25 | $698.4M | $257.3M | ||
| Q4 24 | $685.7M | $123.8M | ||
| Q3 24 | $565.1M | $456.8M | ||
| Q2 24 | $526.9M | $260.7M |
毛利率ISRGWELL
| Q1 26 | 66.1% | — | ||
| Q4 25 | 66.4% | 24.3% | ||
| Q3 25 | 66.4% | 23.5% | ||
| Q2 25 | 66.3% | 23.2% | ||
| Q1 25 | 64.7% | 21.6% | ||
| Q4 24 | 68.0% | 20.0% | ||
| Q3 24 | 67.4% | 19.8% | ||
| Q2 24 | 68.3% | 20.2% |
营业利润率ISRGWELL
| Q1 26 | — | — | ||
| Q4 25 | 30.2% | — | ||
| Q3 25 | 30.3% | 14.2% | ||
| Q2 25 | 30.5% | 15.1% | ||
| Q1 25 | 25.7% | 10.7% | ||
| Q4 24 | 30.4% | 6.2% | ||
| Q3 24 | 28.3% | 12.2% | ||
| Q2 24 | 28.2% | 6.5% |
净利率ISRGWELL
| Q1 26 | 29.8% | 22.4% | ||
| Q4 25 | 27.7% | 4.6% | ||
| Q3 25 | 28.1% | 13.7% | ||
| Q2 25 | 27.0% | 15.5% | ||
| Q1 25 | 31.0% | 13.8% | ||
| Q4 24 | 28.4% | 7.0% | ||
| Q3 24 | 27.7% | 30.2% | ||
| Q2 24 | 26.2% | 18.7% |
每股收益（稀释后）ISRGWELL
| Q1 26 | $2.28 | — | ||
| Q4 25 | $2.19 | $0.13 | ||
| Q3 25 | $1.95 | $0.41 | ||
| Q2 25 | $1.81 | $0.45 | ||
| Q1 25 | $1.92 | $0.40 | ||
| Q4 24 | $1.89 | $0.20 | ||
| Q3 24 | $1.56 | $0.73 | ||
| Q2 24 | $1.46 | $0.42 |
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 | — | $4.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $17.6B | $44.7B |
| 总资产 | $20.1B | $67.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ISRGWELL
| Q1 26 | — | $4.7B | ||
| Q4 25 | $5.9B | $5.0B | ||
| Q3 25 | $4.9B | $6.8B | ||
| Q2 25 | $5.3B | $4.4B | ||
| Q1 25 | $4.5B | $3.5B | ||
| Q4 24 | $4.0B | $3.5B | ||
| Q3 24 | $4.2B | $3.6B | ||
| Q2 24 | $4.8B | $2.8B |
总债务ISRGWELL
| Q1 26 | — | — | ||
| Q4 25 | — | $19.2B | ||
| Q3 25 | — | $16.9B | ||
| Q2 25 | — | $16.0B | ||
| Q1 25 | — | $15.7B | ||
| Q4 24 | — | $15.5B | ||
| Q3 24 | — | $15.8B | ||
| Q2 24 | — | $13.9B |
股东权益ISRGWELL
| Q1 26 | $17.6B | $44.7B | ||
| Q4 25 | $17.8B | $42.1B | ||
| Q3 25 | $16.9B | $38.8B | ||
| Q2 25 | $17.8B | $35.9B | ||
| Q1 25 | $17.1B | $34.0B | ||
| Q4 24 | $16.4B | $32.0B | ||
| Q3 24 | $15.6B | $30.3B | ||
| Q2 24 | $14.7B | $29.0B |
总资产ISRGWELL
| Q1 26 | $20.1B | $67.2B | ||
| Q4 25 | $20.5B | $67.3B | ||
| Q3 25 | $19.4B | $59.5B | ||
| Q2 25 | $20.2B | $55.8B | ||
| Q1 25 | $19.2B | $53.3B | ||
| Q4 24 | $18.7B | $51.0B | ||
| Q3 24 | $17.7B | $49.0B | ||
| Q2 24 | $16.6B | $45.5B |
负债/权益比ISRGWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.48× |
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% |
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
