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NYSE · Healthcare

STRYKER CORP (SYK)

As-reported financials and recent SEC filings for STRYKER CORP, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About STRYKER CORP

Stryker Corporation develops and sells medical technologies globally, focusing on MedSurg, Neurotechnology, and Orthopaedics. Its products include surgical equipment, patient care technologies, implants for joint replacement and trauma surgeries, and robotic-assisted surgical systems. The company serves healthcare providers such as doctors, hospitals, and other medical facilities in approximately 61 countries.

Snapshot

Revenue
$25.12B
Revenue growth (YoY)
11.2%
Net income
$3.25B
Diluted EPS
$8.40
Gross margin
64.0%
Operating margin
19.5%
Net margin
12.9%
FCF margin
17.1%
ROE
14.5%
P/E (TTM)
38.9×
Market cap
$129.09B
Debt / equity
0.7×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Stryker

  • Revenue grew 11.2% to $25.1B in FY2025, in line with the 10.2% the year before.
  • Operating margin is 19.5% in FY2025, +4.4 pp against 15.1% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $6.0B, up 2.6% from Q1 FY2025.
  • Free cash flow was $4.3B in FY2025, 17.1% of revenue.
  • Net income rose 8.5% to $3.2B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Stryker’s fundamentals sit among the 88 medical device companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin64.0%
55th percentile of 77
Operating margin19.5%
91st percentile of 80
Net margin12.9%
83rd percentile of 81
FCF margin17.1%
86th percentile of 74
Revenue growth (YoY)+11.2%
43rd percentile of 87
ROE14.5%
82nd percentile of 79
P/E (TTM)38.9×
74th percentile of 32
Debt / equity0.66×
62nd percentile of 54
Short interest2.68d
20th percentile of 88

Stryker’s operating margin of 19.5% ranks in the 91st percentile of the 80 medical device companies reporting it. Stryker’s FCF margin of 17.1% ranks in the 86th percentile of the 74 medical device companies reporting it.

No open-market insider buys in the last 90 days; 14 insider sales totaling $100.7M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
2
+7 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$911.9M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ1 2026$317.4M972.1KAdded
D. E. ShawquantQ1 2026$197.4M600.8KAdded
Two Sigma InvestmentsquantQ1 2026$154.2M469.2KAdded
Renaissance TechnologiesquantQ1 2026$128.7M391.6KReduced
Citadel AdvisorsquantQ1 2026$50.2M152.7KReduced
Gotham Asset ManagementQ1 2026$38.3M116.5KAdded
Millennium ManagementquantQ1 2026$8.8M26.9KReduced
Bridgewater AssociatesQ1 2026$8.7M26.4KReduced
Point72 Asset ManagementquantQ1 2026$8.3M25.2KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
14
$100.7M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-28
filed 2026-05-29
Fletcher Robert SVP, Chief Legal OfficerSell2.8K$306.56$861K
2026-05-28
filed 2026-05-29
Fletcher Robert SVP, Chief Legal OfficerSell1.1K$307.30$328K
2026-05-28
filed 2026-05-29
Fletcher Robert SVP, Chief Legal OfficerSell258$308.79$80K
2026-05-28
filed 2026-05-29
Fletcher Robert SVP, Chief Legal OfficerSell165$305.66$50K
2026-05-28
filed 2026-05-29
Fletcher Robert SVP, Chief Legal OfficerSell125$310.22$39K
2026-05-28
filed 2026-05-29
Fletcher Robert SVP, Chief Legal OfficerSell120$304.23$37K
2026-05-26
filed 2026-05-28
STRYKER RONDA EDirectorSell116.0K$311.60$36.1M
2026-05-26
filed 2026-05-28
STRYKER RONDA EDirectorSell114.1K$312.44$35.6M
2026-05-26
filed 2026-05-28
STRYKER RONDA EDirectorSell44.1K$313.35$13.8M
2026-05-26
filed 2026-05-28
STRYKER RONDA EDirectorSell21.8K$310.77$6.8M
2026-05-26
filed 2026-05-28
STRYKER RONDA EDirectorSell10.4K$314.38$3.3M
2026-05-26
filed 2026-05-28
STRYKER RONDA EDirectorSell3.7K$315.11$1.2M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
7.0M
settled 2026-07-15
Change vs prior
+1.5%
vs previous settlement
Days to cover
2.68
at avg daily volume
Avg daily volume
2.6M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-157.0M+1.5%2.68
2026-06-306.9M+12.7%2.36
2026-06-156.1M-1.5%2.56
2026-05-296.2M+8.4%1.88
2026-05-155.8M+30.3%1.78
2026-04-304.4M-6.5%2.21
2026-04-154.7M+6.9%2.63
2026-03-314.4M+8.6%1.87

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$25.12B$22.59B$20.50B$18.45B$17.11B
Gross profit$16.07B$14.44B$13.06B$11.58B$10.97B
Operating income$4.89B$3.69B$3.89B$2.84B$2.58B
Net income$3.25B$2.99B$3.17B$2.36B$1.99B
Diluted EPS$8.40$7.76$8.25$6.17$5.21

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$5.04B$4.24B$3.71B$2.62B$3.26B
Capital expenditure$761.0M$755.0M$575.0M$588.0M$525.0M
Free cash flow$4.28B$3.49B$3.14B$2.04B$2.74B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$6.02B2.6%$745.0M$1.93
Q4 FY2025$7.17B11.4%$849.0M$2.20
Q3 FY2025$6.06B10.2%$859.0M$2.22
Q2 FY2025$6.02B11.1%$884.0M$2.29
Q1 FY2025$5.87B11.9%$654.0M$1.69
Q4 FY2024$6.44B10.7%$546.0M$1.41
Q3 FY2024$5.49B11.9%$834.0M$2.16
Q2 FY2024$5.42B8.5%$825.0M$2.14

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorHealthcare
SIC industrySurgical & Medical Instruments & Apparatus
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2017
SEC CIK310764

Recent SEC filings

10-K2026-02-11
View on EDGAR →
10-K2025-02-12
View on EDGAR →
10-Q2026-05-11
View on EDGAR →
10-Q2025-10-31
View on EDGAR →
10-Q2025-08-01
View on EDGAR →
10-Q2025-05-02
View on EDGAR →
8-K2026-06-26
View on EDGAR →
8-K2026-05-20
View on EDGAR →

Largest medical device peers

All medical device stocksAll Healthcare companies →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.