
Stryker (SYK) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
6.0B
Gross Profit
3.8B
63.78%
Operating Income
1.2B
19.40%
Net Income
884.0M
14.68%
EPS (Diluted)
$2.29
Balance Sheet Metrics
Total Assets
46.0B
Total Liabilities
25.1B
Shareholders Equity
20.9B
Debt to Equity
1.20
Cash Flow Metrics
Operating Cash Flow
719.0M
Free Cash Flow
127.0M
Revenue & Profitability Trend
Stryker Income Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 22.6B | 20.5B | 18.4B | 17.1B | 14.4B |
Cost of Goods Sold | 8.2B | 7.4B | 6.9B | 6.1B | 5.3B |
Gross Profit | 14.4B | 13.1B | 11.6B | 11.0B | 9.1B |
Gross Margin % | 63.9% | 63.7% | 62.8% | 64.1% | 63.1% |
Operating Expenses | |||||
Research & Development | 1.5B | 1.4B | 1.5B | 1.2B | 984.0M |
Selling, General & Administrative | 7.7B | 7.1B | 6.5B | 6.4B | 5.4B |
Other Operating Expenses | - | - | - | - | - |
Total Operating Expenses | 9.2B | 8.5B | 7.9B | 7.7B | 6.3B |
Operating Income | 4.7B | 3.9B | 3.0B | 2.7B | 2.2B |
Operating Margin % | 20.7% | 19.1% | 16.5% | 15.7% | 15.6% |
Non-Operating Items | |||||
Interest Income | - | - | - | - | - |
Interest Expense | - | - | - | - | - |
Other Non-Operating Income | -1.2B | -233.0M | -359.0M | -406.0M | -286.0M |
Pre-tax Income | 3.5B | 3.7B | 2.7B | 2.3B | 2.0B |
Income Tax | 499.0M | 508.0M | 325.0M | 287.0M | 355.0M |
Effective Tax Rate % | 14.3% | 13.8% | 12.1% | 12.6% | 18.2% |
Net Income | 3.0B | 3.2B | 2.4B | 2.0B | 1.6B |
Net Margin % | 13.2% | 15.4% | 12.8% | 11.7% | 11.1% |
Key Metrics | |||||
EBITDA | 6.7B | 5.0B | 4.2B | 3.8B | 3.1B |
EPS (Basic) | $7.86 | $8.34 | $6.23 | $5.29 | $4.26 |
EPS (Diluted) | $7.76 | $8.25 | $6.17 | $5.21 | $4.20 |
Basic Shares Outstanding | 381000000 | 379600000 | 378200000 | 377000000 | 375500000 |
Diluted Shares Outstanding | 381000000 | 379600000 | 378200000 | 377000000 | 375500000 |
Income Statement Trend
Stryker Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 3.7B | 3.0B | 1.8B | 2.9B | 2.9B |
Short-term Investments | 841.0M | 82.0M | 84.0M | 75.0M | 81.0M |
Accounts Receivable | 4.0B | 3.8B | 3.6B | 3.0B | 2.7B |
Inventory | 4.8B | 4.8B | 4.0B | 3.3B | 3.5B |
Other Current Assets | 1.6B | 857.0M | 787.0M | 662.0M | 488.0M |
Total Current Assets | 14.8B | 12.5B | 10.3B | 10.0B | 9.7B |
Non-Current Assets | |||||
Property, Plant & Equipment | 1.6B | 1.7B | 1.7B | 1.7B | 1.5B |
Goodwill | 36.1B | 35.1B | 34.6B | 30.7B | 31.1B |
Intangible Assets | 4.4B | 4.6B | 4.9B | 4.8B | 5.6B |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | 4.4B | 4.3B | 3.9B | 4.0B | 3.5B |
Total Non-Current Assets | 28.1B | 27.4B | 26.6B | 24.6B | 24.6B |
Total Assets | 43.0B | 39.9B | 36.9B | 34.6B | 34.3B |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 1.7B | 1.5B | 1.4B | 1.1B | 810.0M |
Short-term Debt | 1.4B | 2.1B | 1.2B | 7.0M | 761.0M |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | - | - | - | - | - |
Total Current Liabilities | 7.6B | 7.9B | 6.3B | 4.5B | 5.0B |
Non-Current Liabilities | |||||
Long-term Debt | 12.2B | 10.9B | 11.9B | 12.5B | 13.2B |
Deferred Tax Liabilities | - | - | - | - | - |
Other Non-Current Liabilities | 2.2B | 1.9B | 1.5B | 1.8B | 2.0B |
Total Non-Current Liabilities | 14.7B | 13.4B | 14.0B | 15.2B | 16.2B |
Total Liabilities | 22.3B | 21.3B | 20.3B | 19.8B | 21.2B |
Equity | |||||
Common Stock | 38.0M | 38.0M | 38.0M | 38.0M | 38.0M |
Retained Earnings | 18.5B | 16.8B | 14.8B | 13.5B | 12.5B |
Treasury Stock | - | - | - | - | - |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 20.6B | 18.6B | 16.6B | 14.9B | 13.1B |
Key Metrics | |||||
Total Debt | 13.6B | 13.0B | 13.0B | 12.5B | 14.0B |
Working Capital | 7.2B | 4.6B | 4.0B | 5.5B | 4.7B |
Balance Sheet Composition
Stryker Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 3.0B | 3.2B | 2.4B | 2.0B | 1.6B |
Depreciation & Amortization | 1.0B | 1.0B | 998.0M | 990.0M | 812.0M |
Stock-Based Compensation | 229.0M | 205.0M | 168.0M | 171.0M | 142.0M |
Working Capital Changes | -641.0M | -1.0B | -1.2B | -284.0M | 483.0M |
Operating Cash Flow | 3.3B | 3.1B | 2.3B | 2.8B | 3.1B |
Investing Activities | |||||
Capital Expenditures | -755.0M | -575.0M | -588.0M | -525.0M | -487.0M |
Acquisitions | -1.6B | -390.0M | -2.6B | -339.0M | -4.2B |
Investment Purchases | -808.0M | -52.0M | -52.0M | -49.0M | -54.0M |
Investment Sales | 148.0M | 54.0M | 240.0M | 55.0M | 61.0M |
Investing Cash Flow | -3.0B | -962.0M | -2.9B | -859.0M | -4.7B |
Financing Activities | |||||
Share Repurchases | - | - | - | 0 | 0 |
Dividends Paid | -1.2B | -1.1B | -1.1B | -950.0M | -863.0M |
Debt Issuance | 3.0B | 1.2B | 1.5B | 5.0M | 3.3B |
Debt Repayment | -2.0B | -2.1B | -653.0M | -1.2B | -2.3B |
Financing Cash Flow | -525.0M | -1.6B | -749.0M | -2.4B | -11.0M |
Free Cash Flow | 3.5B | 3.1B | 2.0B | 2.7B | 2.8B |
Net Change in Cash | -218.0M | 590.0M | -1.4B | -442.0M | -1.6B |
Cash Flow Trend
Stryker Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
50.16
Forward P/E
27.92
Price to Book
6.81
Price to Sales
6.06
PEG Ratio
7.26
Profitability Ratios
Profit Margin
12.25%
Operating Margin
21.95%
Return on Equity
14.25%
Return on Assets
7.74%
Financial Health
Current Ratio
1.78
Debt to Equity
80.83
Beta
0.91
Per Share Data
EPS (TTM)
$7.53
Book Value per Share
$55.43
Revenue per Share
$62.41
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
syk | 144.4B | 50.16 | 6.81 | 14.25% | 12.25% | 80.83 |
Abbott Laboratories | 229.3B | 16.53 | 4.53 | 30.93% | 32.43% | 26.50 |
Boston Scientific | 152.9B | 61.41 | 6.81 | 11.55% | 13.55% | 53.09 |
Medtronic plc | 119.0B | 25.72 | 2.48 | 9.51% | 13.90% | 61.39 |
Edwards Lifesciences | 45.6B | 32.50 | 4.33 | 15.53% | 72.96% | 6.62 |
Dexcom | 31.4B | 56.46 | 12.22 | 22.83% | 13.29% | 100.24 |
Financial data is updated regularly. All figures are in the company's reporting currency.