Overview
STRYKER CORP
Latest 10-K: FY2025, filed Feb 11, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $25.12B
- 11.2%YoYup from FY2024
- TotalRevenue
- Gross profit
- $16.07B
- 11.3%YoYup from FY2024
- GrossProfit
- Operating income
- $4.89B
- 32.5%YoYup from FY2024
- OperatingIncome
- Net income
- $3.25B
- 8.5%YoYup from FY2024
- NetIncome
- Diluted EPS
- $8.40
- 8.2%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 386.5M
- 0.2%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- STRYKER CORP reported revenue of $25.12B for fiscal 2025, up 11.2% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 4 of the last 5 fiscal years.
Profitability
- Operating margin was 19.5% and net margin was 12.9%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $8.40, up 8.2% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $25.12B11.2%up Benchmark median 6.4% | $22.59B10.2%up Benchmark median 4.5% | $20.50B11.1%up Benchmark median 4.8% | $18.45B7.8%up Benchmark median 10.3% | $17.11B19.2%up Benchmark median 13.8% | 10.1% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $16.07B11.3%up Benchmark median 6.8% | $14.44B10.6%up Benchmark median 5.5% | $13.06B12.8%up Benchmark median 5.2% | $11.58B5.6%up Benchmark median 8.3% | $10.97B21.1%up Benchmark median 15.7% | 10.0% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $4.89B32.5%up Benchmark median 7.3% | $3.69B5.1%down Benchmark median 7.4% | $3.89B36.9%up Benchmark median 4.9% | $2.84B9.9%up Benchmark median 7.5% | $2.58B16.2%up Benchmark median 23.5% | 17.3% Benchmark median 7.2% |
| Net Income | $3.25B8.5%up Benchmark median 4.8% | $2.99B5.4%down Benchmark median 5.7% | $3.17B34.2%up Benchmark median 1.9% | $2.36B18.3%up Benchmark median 1.3% | $1.99B24.7%up Benchmark median 33.9% | 13.0% Benchmark median 4.1% |
| EPS (Diluted) | $8.408.2%up Benchmark median 6.2% | $7.765.9%down Benchmark median 7.9% | $8.2533.7%up Benchmark median 1.9% | $6.1718.4%up Benchmark median 1.5% | $5.2124.0%up Benchmark median 34.8% | 12.7% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $47.84B11.3%up Benchmark median 5.6% | $42.97B7.7%up Benchmark median 3.4% | $39.91B8.2%up Benchmark median 4.1% | $36.88B6.5%up Benchmark median 2.2% | $34.63B0.9%up Benchmark median 6.7% | 8.4% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $25.42B13.8%up Benchmark median 6.4% | $22.34B4.8%up Benchmark median 1.9% | $21.32B5.2%up Benchmark median 2.9% | $20.27B2.6%up Benchmark median 2.0% | $19.75B7.0%down Benchmark median 5.2% | 6.5% Benchmark median 4.4% |
| Stockholders' Equity | $22.42B8.7%up Benchmark median 6.8% | $20.63B11.0%up Benchmark median 5.4% | $18.59B11.9%up Benchmark median 7.3% | $16.62B11.7%up Benchmark median 2.5% | $14.88B13.7%up Benchmark median 9.0% | 10.8% Benchmark median 6.1% |
| Cash & Equivalents | $4.01B9.8%up Benchmark median 5.2% | $3.65B22.9%up Benchmark median 1.9% | $2.97B61.1%up Benchmark median 6.7% | $1.84B37.4%down Benchmark median -8.6% | $2.94B0.0%unchanged Benchmark median -2.9% | 8.0% Benchmark median 2.0% |
| Total Debt | $15.86B16.6%up Benchmark median 2.1% | $13.60B4.6%up Benchmark median 0.2% | $12.99B0.4%down Benchmark median 0.3% | $13.05B4.6%up Benchmark median 0.1% | $12.48B10.8%down Benchmark median -0.1% | 6.2% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.04B18.9%up Benchmark median 6.3% | $4.24B14.3%up Benchmark median 4.8% | $3.71B41.4%up Benchmark median 9.9% | $2.62B19.6%down Benchmark median -0.7% | $3.26B0.4%down Benchmark median 10.7% | 11.5% Benchmark median 7.0% |
| Capital Expenditures | $761.00M0.8%up Benchmark median 5.4% | $755.00M31.3%up Benchmark median 2.8% | $575.00M2.2%down Benchmark median 11.3% | $588.00M12.0%up Benchmark median 14.0% | $525.00M7.8%up Benchmark median 8.1% | 9.7% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $4.28B22.8%up Benchmark median 7.3% | $3.49B11.2%up Benchmark median 6.1% | $3.14B54.0%up Benchmark median 8.8% | $2.04B25.6%down Benchmark median -11.3% | $2.74B1.9%down Benchmark median 10.2% | 11.8% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
2.4%
Wall Street
on net earnings
FY2024 2.2%
3.2%
Value investor
on free cash flow
FY2024 2.5%
Gap +0.8 pts: Value-investor figure 0.8 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 41.8×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
4.4%
Wall Street
on EBITDA
FY2024 3.4%
3.3%
Value investor
on EBIT
FY2024 2.5%
Gap −1.1 pts: Value-investor figure 1.1 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 22.9×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
16.5%
Wall Street
on book equity
FY2024 14.9%
n/m
Value investor
on tangible book
FY2024 0.3%
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 6.1×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
15.1%
Wall Street
ROE: net income ÷ equity
FY2024 15.3%
9.8%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 10.0%
Gap −5.3 pts: Value-investor figure 5.3 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
25.7%
Wall Street
EBITDA margin
FY2024 22.6%
17.1%
Value investor
Free-cash-flow margin
FY2024 15.4%
Gap −8.6 pts: Value-investor figure 8.6 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.89×
Wall Street
Current ratio
FY2024 1.95×
1.21×
Value investor
Quick ratio, inventory excluded
FY2024 1.32×
Gap −0.68×: Value-investor figure 0.68 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.41×
Wall Street
EBITDA ÷ total debt
FY2024 0.38×
0.27×
Value investor
FCF ÷ total debt
FY2024 0.26×
Gap −0.14×: Value-investor figure 0.14 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 1.82×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
11.1×
Wall Street
EBITDA ÷ interest
FY2024 12.9×
8.4×
Value investor
EBIT ÷ interest
FY2024 9.3×
Gap −2.7×: Value-investor figure 2.7 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on SYK yet.
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Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/SYK
Valuein. (2026, October 30). STRYKER CORP (SYK) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/SYK
@misc{valuein_syk_2026,
author = {{Valuein}},
title = {STRYKER CORP (SYK) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/SYK}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Feb 11, 2026 · accession 0000310764-26-000010
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