Resmed vs Stryker (RMD vs SYK)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Stryker is the larger company by revenue ($25.1B vs $5.1B) and market value ($127.1B vs $28.8B). Resmed has grown revenue faster over the last 4 fiscal years (+61.0% cumulative vs +46.8%). Resmed runs the higher operating margin (32.7% vs 19.5%). Resmed trades at the lower trailing P/E (19.1x vs 38.4x).
About Resmed
ResMed Inc develops and sells products and software for sleep and breathing health, including treatments for obstructive sleep apnea (OSA). The company serves healthcare providers, sleep clinics, and patients by offering devices and cloud-based business management software for residential care. ResMed focuses on innovation to compete in a market with evolving technology and alternative therapies.
About Stryker
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.
Head to head (RMD FY2025 vs SYK FY2025)
| Metric | RMDFY2025 | SYKFY2025 |
|---|---|---|
| Revenue | $5.15B | $25.12B |
| Revenue growth (YoY) | 9.8% | 11.2% |
| Gross margin | 59.4% | 64.0% |
| Operating margin | 32.7% | 19.5% |
| Net margin | 27.2% | 12.9% |
| Net income | $1.40B | $3.25B |
| Diluted EPS | $9.51 | $8.40 |
| FCF margin | 32.3% | 17.1% |
| ROE | 23.5% | 14.5% |
| Debt / equity | 0.1× | 0.7× |
| Market cap | $28.79B | $127.06B |
| P/E (TTM) | 19.1× | 38.4× |
Fundamentals are from each company’s SEC filings (RMD FY2025, SYK FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| RMD | $3.20B | $3.58B | $4.22B | $4.69B | $5.15B |
| SYK | $17.11B | $18.45B | $20.50B | $22.59B | $25.12B |
Peer standing
Where each company ranks among the 88 medical device companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | RMD | SYK |
|---|---|---|
| Gross margin | 59.4%42nd percentile of 77 | 64.0%55th percentile of 77 |
| Operating margin | 32.7%Highest of 80 | 19.5%91st percentile of 80 |
| Net margin | 27.2%98th percentile of 81 | 12.9%83rd percentile of 81 |
| FCF margin | 32.3%97th percentile of 74 | 17.1%86th percentile of 74 |
| Revenue growth (YoY) | +9.8%38th percentile of 87 | +11.2%43rd percentile of 87 |
| ROE | 23.5%91st percentile of 79 | 14.5%82nd percentile of 79 |
| P/E (TTM) | 19.1×26th percentile of 32 | 38.4×71st percentile of 32 |
| Debt / equity | 0.11×17th percentile of 54 | 0.66×62nd percentile of 54 |
| Short interest (days to cover) | 8.49d98th percentile of 88 | 2.36d31st percentile of 88 |
Short interest
| FINRA settlement data | RMD | SYK |
|---|---|---|
| Shares sold short | 15.1M | 6.9M |
| Change vs prior settlement | +16.9% | +12.7% |
| Days to cover | 8.49 | 2.36 |
| As of settlement | 2026-06-30 | 2026-06-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 open-market activity | RMD | SYK |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 3 ($3.1M) | 14 ($100.7M) |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
Held by the same investors
7 tracked 13F managers hold both Resmed and Stryker as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
Go deeper
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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 filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.