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直觉外科（ISRG）与西湖化学（WLK）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西湖化学的1.1倍（$2.8B vs $2.5B），直觉外科净利率更高（29.8% vs -21.5%，领先51.3%），直觉外科同比增速更快（23.0% vs -10.9%），过去两年直觉外科的营收复合增速更高（17.4% vs -7.7%）
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。
西湖化学是国际知名的石化产品、聚合物及装配式建筑产品生产商与供应商，产品广泛应用于各类消费及工业市场。公司1986年由赵廷箴创立，是美国最大的低密度聚乙烯生产商，位列福布斯全球2000强，业务分为烯烃和乙烯基两大板块，具备乙烯基产品下游一体化生产能力。
ISRG vs WLK — 直观对比
营收规模更大
ISRG
是对方的1.1倍
$2.5B
营收增速更快
ISRG
高出33.9%
-10.9%
净利率更高
ISRG
高出51.3%
-21.5%
两年增速更快
ISRG
近两年复合增速
-7.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $2.5B |
| 净利润 | $826.0M | $-544.0M |
| 毛利率 | 66.1% | 3.4% |
| 营业利润率 | — | -26.5% |
| 净利率 | 29.8% | -21.5% |
| 营收同比 | 23.0% | -10.9% |
| 净利润同比 | 17.4% | -7871.4% |
| 每股收益（稀释后） | $2.28 | $-4.22 |
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ISRGWLK
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.9B | $2.5B | ||
| Q3 25 | $2.5B | $2.8B | ||
| Q2 25 | $2.4B | $3.0B | ||
| Q1 25 | $2.3B | $2.8B | ||
| Q4 24 | $2.4B | $2.8B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $2.0B | $3.2B |
净利润ISRGWLK
| Q1 26 | $826.0M | — | ||
| Q4 25 | $794.8M | $-544.0M | ||
| Q3 25 | $704.4M | $-782.0M | ||
| Q2 25 | $658.4M | $-142.0M | ||
| Q1 25 | $698.4M | $-40.0M | ||
| Q4 24 | $685.7M | $7.0M | ||
| Q3 24 | $565.1M | $108.0M | ||
| Q2 24 | $526.9M | $313.0M |
毛利率ISRGWLK
| Q1 26 | 66.1% | — | ||
| Q4 25 | 66.4% | 3.4% | ||
| Q3 25 | 66.4% | 8.3% | ||
| Q2 25 | 66.3% | 8.7% | ||
| Q1 25 | 64.7% | 8.2% | ||
| Q4 24 | 68.0% | 11.5% | ||
| Q3 24 | 67.4% | 16.0% | ||
| Q2 24 | 68.3% | 20.7% |
营业利润率ISRGWLK
| Q1 26 | — | — | ||
| Q4 25 | 30.2% | -26.5% | ||
| Q3 25 | 30.3% | -27.0% | ||
| Q2 25 | 30.5% | -3.7% | ||
| Q1 25 | 25.7% | -1.1% | ||
| Q4 24 | 30.4% | 2.3% | ||
| Q3 24 | 28.3% | 5.8% | ||
| Q2 24 | 28.2% | 12.7% |
净利率ISRGWLK
| Q1 26 | 29.8% | — | ||
| Q4 25 | 27.7% | -21.5% | ||
| Q3 25 | 28.1% | -27.6% | ||
| Q2 25 | 27.0% | -4.8% | ||
| Q1 25 | 31.0% | -1.4% | ||
| Q4 24 | 28.4% | 0.2% | ||
| Q3 24 | 27.7% | 3.5% | ||
| Q2 24 | 26.2% | 9.8% |
每股收益（稀释后）ISRGWLK
| Q1 26 | $2.28 | — | ||
| Q4 25 | $2.19 | $-4.22 | ||
| Q3 25 | $1.95 | $-6.06 | ||
| Q2 25 | $1.81 | $-1.11 | ||
| Q1 25 | $1.92 | $-0.31 | ||
| Q4 24 | $1.89 | $0.07 | ||
| Q3 24 | $1.56 | $0.83 | ||
| Q2 24 | $1.46 | $2.40 |
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 | — | $2.7B |
| 总债务越低越好 | — | $5.6B |
| 股东权益账面价值 | $17.6B | $8.8B |
| 总资产 | $20.1B | $20.0B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资ISRGWLK
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $2.7B | ||
| Q3 25 | $4.9B | $1.9B | ||
| Q2 25 | $5.3B | $2.1B | ||
| Q1 25 | $4.5B | $2.3B | ||
| Q4 24 | $4.0B | $2.9B | ||
| Q3 24 | $4.2B | $2.9B | ||
| Q2 24 | $4.8B | $3.0B |
总债务ISRGWLK
| Q1 26 | — | — | ||
| Q4 25 | — | $5.6B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.9B |
股东权益ISRGWLK
| Q1 26 | $17.6B | — | ||
| Q4 25 | $17.8B | $8.8B | ||
| Q3 25 | $16.9B | $9.4B | ||
| Q2 25 | $17.8B | $10.3B | ||
| Q1 25 | $17.1B | $10.4B | ||
| Q4 24 | $16.4B | $10.5B | ||
| Q3 24 | $15.6B | $10.7B | ||
| Q2 24 | $14.7B | $10.6B |
总资产ISRGWLK
| Q1 26 | $20.1B | — | ||
| Q4 25 | $20.5B | $20.0B | ||
| Q3 25 | $19.4B | $19.8B | ||
| Q2 25 | $20.2B | $20.8B | ||
| Q1 25 | $19.2B | $20.7B | ||
| Q4 24 | $18.7B | $20.8B | ||
| Q3 24 | $17.7B | $21.1B | ||
| Q2 24 | $16.6B | $21.1B |
负债/权益比ISRGWLK
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.46× |
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 | — | $225.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-16.0M |
| 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 | — | 9.5% |
| 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 | — | $-530.0M |
8季度趋势，按日历期对齐
经营现金流ISRGWLK
| Q1 26 | — | — | ||
| Q4 25 | $892.5M | $225.0M | ||
| Q3 25 | $841.0M | $182.0M | ||
| Q2 25 | $715.4M | $135.0M | ||
| Q1 25 | $581.6M | $-77.0M | ||
| Q4 24 | $822.6M | $434.0M | ||
| Q3 24 | $706.5M | $474.0M | ||
| Q2 24 | $620.5M | $237.0M |
自由现金流ISRGWLK
| Q1 26 | — | — | ||
| Q4 25 | $730.0M | $-16.0M | ||
| Q3 25 | $735.6M | $-57.0M | ||
| Q2 25 | $560.1M | $-132.0M | ||
| Q1 25 | $465.0M | $-325.0M | ||
| Q4 24 | $510.6M | $149.0M | ||
| Q3 24 | $458.6M | $254.0M | ||
| Q2 24 | $311.1M | $6.0M |
自由现金流率ISRGWLK
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | -0.6% | ||
| Q3 25 | 29.4% | -2.0% | ||
| Q2 25 | 23.0% | -4.5% | ||
| Q1 25 | 20.6% | -11.4% | ||
| Q4 24 | 21.2% | 5.2% | ||
| Q3 24 | 22.5% | 8.1% | ||
| Q2 24 | 15.5% | 0.2% |
资本支出强度ISRGWLK
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 9.5% | ||
| Q3 25 | 4.2% | 8.4% | ||
| Q2 25 | 6.4% | 9.0% | ||
| Q1 25 | 5.2% | 8.7% | ||
| Q4 24 | 12.9% | 10.0% | ||
| Q3 24 | 12.2% | 7.1% | ||
| Q2 24 | 15.4% | 7.2% |
现金转化率ISRGWLK
| Q1 26 | — | — | ||
| Q4 25 | 1.12× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.09× | — | ||
| Q1 25 | 0.83× | — | ||
| Q4 24 | 1.20× | 62.00× | ||
| Q3 24 | 1.25× | 4.39× | ||
| Q2 24 | 1.18× | 0.76× |
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% |
WLK
| Performance Materials | $930.0M | 37% |
| Housing Products | $767.0M | 30% |
| Essential Materials | $702.0M | 28% |
| Infrastructure Products | $134.0M | 5% |
