Financials · SYK

Stryker Corporation (SYK) financials

For the twelve months ended Sep 30, 2026, Stryker Corporation reported $26.30B of revenue and $3.62B of net income.

Revenue, TTM
$26.30B
Revenue growth, YoY
+7.9%
Net income, TTM
$3.62B
Net income growth, YoY
+23.1%
Net margin
13.8%
Free cash flow, TTM
$4.57B
EPS, diluted, TTM
$9.39
EPS growth, YoY
+23.4%
Cash
$3.27B
Total debt
$14.93B
P/E
33.50
P/S
4.61
Market cap
$121.36B
Annual revenue$25.12B
FY2016FY2025
Annual net income$3.25B
FY2016FY2025
Annual free cash flow$4.28B
FY2016FY2025

SYK revenue and earnings growth

SYK revenueQ3 2026$6.52B

Quarter YoY
+7.6%
QoQ
-1.0%
FY YoY
+11.2%
5Y CAGR
+11.8%
10Y CAGR
+9.7%

SYK revenue was $6.52B in fiscal Q3 2026 (ended Sep 30, 2026), up 7.6% from a year earlier and down 1.0% from the prior quarter. For the full fiscal 2025 it was $25.12B, up 11.2% from fiscal 2024. Compound annual growth was +11.8% over 5 years and +9.7% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

SYK net incomeQ3 2026$753.00M

Quarter YoY
-12.3%
QoQ
-41.0%
FY YoY
+8.5%
5Y CAGR
+15.2%
10Y CAGR
+8.5%

SYK net income was $753.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 12.3% from a year earlier and down 41.0% from the prior quarter. For the full fiscal 2025 it was $3.25B, up 8.5% from fiscal 2024. Compound annual growth was +15.2% over 5 years and +8.5% over 10 years. It rose in 6 of the last 10 fiscal years.

SYK EPSQ3 2026$1.96

Quarter YoY
-11.7%
QoQ
-40.6%
FY YoY
+8.2%
5Y CAGR
+14.9%
10Y CAGR
+8.3%

SYK diluted EPS was $1.96 in fiscal Q3 2026 (ended Sep 30, 2026), down 11.7% from a year earlier and down 40.6% from the prior quarter. For the full fiscal 2025 it was $8.40, up 8.2% from fiscal 2024. Compound annual growth was +14.9% over 5 years and +8.3% over 10 years.

SYK free cash flowQ3 2026$1.22B

Quarter YoY
-9.5%
QoQ
+15.6%
FY YoY
+22.8%
5Y CAGR
+9.0%
10Y CAGR
+19.7%

SYK free cash flow was $1.22B in fiscal Q3 2026 (ended Sep 30, 2026), down 9.5% from a year earlier and up 15.6% from the prior quarter. For the full fiscal 2025 it was $4.28B, up 22.8% from fiscal 2024. Compound annual growth was +9.0% over 5 years and +19.7% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$25.12B$22.59B$20.50B$18.45B$17.11B$14.35B$14.88B$13.60B$12.44B$11.32B
Cost of revenue$9.05B$8.15B$7.44B$6.87B$6.14B$5.29B$5.19B$4.66B$4.26B$3.82B
Gross profit$16.07B$14.44B$13.06B$11.58B$10.97B$9.06B$9.70B$8.94B$8.18B$7.50B
Research and development$1.62B$1.47B$1.39B$1.45B$1.24B$984.00M$971.00M$862.00M$787.00M$715.00M
Selling, general and admin$8.65B$7.68B$7.11B$6.39B$6.43B$5.36B$5.36B$5.10B$4.55B$4.14B
Operating income$4.89B$3.69B$3.89B$2.84B$2.58B$2.22B$2.71B$2.54B$2.30B$2.17B
Interest expense$607.00M$409.00M$363.00M-------
Pre-tax income$4.51B$3.49B$3.67B$2.68B$2.28B$1.95B$2.56B$2.36B$2.06B$1.92B
Income tax$1.27B$499.00M$508.00M$325.00M$287.00M$355.00M$479.00M-$1.20B$1.04B$274.00M
Net income$3.25B$2.99B$3.17B$2.36B$1.99B$1.60B$2.08B$3.55B$1.02B$1.65B
EPS, basic$8.49$7.86$8.34$6.23$5.29$4.26$5.57$9.50$2.73$4.40
EPS, diluted$8.40$7.76$8.25$6.17$5.21$4.20$5.48$9.34$2.68$4.35
Diluted shares386.5M385.6M383.7M382.2M382.3M380.3M379.9M380.3M380.1M378.5M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$4.01B$3.65B$2.97B$1.84B$2.94B$2.94B$4.34B$3.62B$2.54B$3.32B
Receivables$4.04B$3.99B$3.77B$3.56B$3.02B$2.70B$2.89B$2.33B$2.20B$1.97B
Inventory$5.31B$4.77B$4.84B$4.00B$3.31B$3.49B$2.98B$2.96B$2.46B$2.03B
Current assets$14.76B$14.85B$12.52B$10.28B$10.02B$9.71B$11.06B$9.73B$7.99B$7.86B
Goodwill$19.29B$15.86B$15.24B$14.88B$12.92B$12.78B$9.07B$8.56B$7.17B$6.36B
Total assets$47.84B$42.97B$39.91B$36.88B$34.63B$34.33B$30.17B$27.23B$22.20B$20.43B
Current liabilities$7.79B$7.62B$7.92B$6.30B$4.55B$5.04B$4.40B$4.81B$3.48B$3.15B
Short-term debt$1.00B$1.41B$2.09B$1.19B$7.00M$761.00M$859.00M$1.37B$632.00M$228.00M
Long-term debt$14.86B$12.19B$10.90B$11.86B$12.47B$13.23B$10.23B$8.49B$6.59B$6.69B
Total debt$15.86B$13.60B$12.99B$13.05B$12.48B$13.99B$11.09B$9.86B$7.22B$6.91B
Total liabilities$25.42B$22.34B$21.32B$20.27B$19.75B$21.25B$17.36B$15.50B$12.22B$10.88B
Shareholders' equity$22.42B$20.63B$18.59B$16.62B$14.88B$13.08B$12.81B$11.73B$9.98B$9.55B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$5.04B$4.24B$3.71B$2.62B$3.26B$3.28B$2.19B$2.61B$1.56B$1.92B
Capital expenditures$761.00M$755.00M$575.00M$588.00M$525.00M$487.00M$649.00M$572.00M$598.00M$490.00M
Free cash flow$4.28B$3.49B$3.14B$2.04B$2.74B$2.79B$1.54B$2.04B$961.00M$1.43B
Investing cash flow-$4.87B-$3.00B-$962.00M-$2.92B-$859.00M-$4.70B-$1.46B-$2.86B-$1.61B-$4.19B
Financing cash flow$113.00M-$525.00M-$1.59B-$749.00M-$2.37B-$11.00M$3.00M$1.33B-$794.00M$2.26B
Dividends paid$1.28B$1.22B$1.14B$1.05B$950.00M$863.00M$778.00M$703.00M$636.00M$568.00M
Share repurchases----$0$0$307.00M$300.00M$230.00M$13.00M
Stock-based compensation$243.00M$229.00M$205.00M$168.00M$171.00M$142.00M$127.00M$119.00M$113.00M$97.00M
Depreciation and amortization$1.57B$1.43B$1.34B$1.28B$1.27B$1.08B$1.04B$966.00M$859.00M$752.00M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY11.2%10.2%11.1%7.8%19.2%-3.6%9.4%9.3%9.9%13.9%
Net income growth, YoY8.5%-5.4%34.2%18.3%24.7%-23.2%-41.4%248.3%-38.1%14.5%
EPS growth, YoY8.2%-5.9%33.7%18.4%24.0%-23.4%-41.3%248.5%-38.4%15.1%
Gross margin64.0%63.9%63.7%62.8%64.1%63.1%65.1%65.7%65.7%66.3%
Operating margin19.5%16.3%19.0%15.4%15.1%15.5%18.2%18.7%18.5%19.2%
Net margin12.9%13.2%15.4%12.8%11.7%11.1%14.0%26.1%8.2%14.5%
Free cash flow margin17.1%15.4%15.3%11.0%16.0%19.4%10.4%15.0%7.7%12.6%
Return on equity14.5%14.5%17.0%14.2%13.4%12.2%16.3%30.3%10.2%17.2%
Return on assets6.8%7.0%7.9%6.4%5.8%4.7%6.9%13.0%4.6%8.1%
Current ratio1.891.951.581.632.201.932.512.022.292.50
Debt to equity0.710.660.700.790.841.070.870.840.720.72

Source: XBRL data Stryker Corporation files with the SEC, latest filing dated Oct 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SYK peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SYK$26.30B+7.9%$3.62B13.8%$121.36B
JNJ$99.33B+7.8%$16.09B16.2%$675.03B
MDT$37.54B+9.8%$5.24B14.0%$129.97B
BDX$23.25B+17.4%$941.00M4.0%$58.43B
ZBH$8.57B+7.0%$767.30M9.0%$20.34B
BAX$11.61B+5.3%-$723.00M-6.2%$13.63B

SYK FAQ

9 questions
  • What is SYK revenue?
    Stryker Corporation (SYK) reported $26.30B of revenue for the twelve months ended Sep 30, 2026. That is up 7.9% from the year before. Revenue for fiscal 2025 was $25.12B.
  • Is SYK profitable?
    Yes. Stryker Corporation earned $3.62B in net income for the twelve months ended Sep 30, 2026, a net margin of 13.8%.
  • How much cash and debt does SYK have?
    Stryker Corporation reported $3.27B in cash and cash equivalents and $14.93B of debt on its most recent balance sheet in SEC filings.
  • How fast is SYK revenue growing?
    Stryker Corporation's revenue changed +11.2% in fiscal 2025, to $25.12B. Its compound annual growth rate was +11.8% over 5 years and +9.7% over 10 years.
  • What is SYK gross margin?
    Stryker Corporation's gross profit was $17.18B on $26.30B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 65.3%.
  • What is SYK free cash flow?
    Stryker Corporation generated $4.57B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $5.45B less capital expenditures.
  • What is SYK earnings per share?
    Diluted earnings per share were $9.39 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did SYK last report financial results?
    The latest statements here come from Stryker Corporation's 10-Q filed on Oct 30, 2026, covering the period ended Sep 30, 2026.
  • Where does this SYK financial data come from?
    Quantisnow builds these statements from the structured XBRL data Stryker Corporation files with the SEC. It is provided for information only and is not investment advice.