TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income 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

Metric20242023202220212020
Revenue i22.6B20.5B18.4B17.1B14.4B
Cost of Goods Sold i8.2B7.4B6.9B6.1B5.3B
Gross Profit i14.4B13.1B11.6B11.0B9.1B
Gross Margin % i63.9%63.7%62.8%64.1%63.1%
Operating Expenses
Research & Development i1.5B1.4B1.5B1.2B984.0M
Selling, General & Administrative i7.7B7.1B6.5B6.4B5.4B
Other Operating Expenses i-----
Total Operating Expenses i9.2B8.5B7.9B7.7B6.3B
Operating Income i4.7B3.9B3.0B2.7B2.2B
Operating Margin % i20.7%19.1%16.5%15.7%15.6%
Non-Operating Items
Interest Income i-----
Interest Expense i-----
Other Non-Operating Income-1.2B-233.0M-359.0M-406.0M-286.0M
Pre-tax Income i3.5B3.7B2.7B2.3B2.0B
Income Tax i499.0M508.0M325.0M287.0M355.0M
Effective Tax Rate % i14.3%13.8%12.1%12.6%18.2%
Net Income i3.0B3.2B2.4B2.0B1.6B
Net Margin % i13.2%15.4%12.8%11.7%11.1%
Key Metrics
EBITDA i6.7B5.0B4.2B3.8B3.1B
EPS (Basic) i$7.86$8.34$6.23$5.29$4.26
EPS (Diluted) i$7.76$8.25$6.17$5.21$4.20
Basic Shares Outstanding i381000000379600000378200000377000000375500000
Diluted Shares Outstanding i381000000379600000378200000377000000375500000

Income Statement Trend

Stryker Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i3.7B3.0B1.8B2.9B2.9B
Short-term Investments i841.0M82.0M84.0M75.0M81.0M
Accounts Receivable i4.0B3.8B3.6B3.0B2.7B
Inventory i4.8B4.8B4.0B3.3B3.5B
Other Current Assets1.6B857.0M787.0M662.0M488.0M
Total Current Assets i14.8B12.5B10.3B10.0B9.7B
Non-Current Assets
Property, Plant & Equipment i1.6B1.7B1.7B1.7B1.5B
Goodwill i36.1B35.1B34.6B30.7B31.1B
Intangible Assets i4.4B4.6B4.9B4.8B5.6B
Long-term Investments-----
Other Non-Current Assets4.4B4.3B3.9B4.0B3.5B
Total Non-Current Assets i28.1B27.4B26.6B24.6B24.6B
Total Assets i43.0B39.9B36.9B34.6B34.3B
Liabilities
Current Liabilities
Accounts Payable i1.7B1.5B1.4B1.1B810.0M
Short-term Debt i1.4B2.1B1.2B7.0M761.0M
Current Portion of Long-term Debt-----
Other Current Liabilities-----
Total Current Liabilities i7.6B7.9B6.3B4.5B5.0B
Non-Current Liabilities
Long-term Debt i12.2B10.9B11.9B12.5B13.2B
Deferred Tax Liabilities i-----
Other Non-Current Liabilities2.2B1.9B1.5B1.8B2.0B
Total Non-Current Liabilities i14.7B13.4B14.0B15.2B16.2B
Total Liabilities i22.3B21.3B20.3B19.8B21.2B
Equity
Common Stock i38.0M38.0M38.0M38.0M38.0M
Retained Earnings i18.5B16.8B14.8B13.5B12.5B
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i20.6B18.6B16.6B14.9B13.1B
Key Metrics
Total Debt i13.6B13.0B13.0B12.5B14.0B
Working Capital i7.2B4.6B4.0B5.5B4.7B

Balance Sheet Composition

Stryker Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i3.0B3.2B2.4B2.0B1.6B
Depreciation & Amortization i1.0B1.0B998.0M990.0M812.0M
Stock-Based Compensation i229.0M205.0M168.0M171.0M142.0M
Working Capital Changes i-641.0M-1.0B-1.2B-284.0M483.0M
Operating Cash Flow i3.3B3.1B2.3B2.8B3.1B
Investing Activities
Capital Expenditures i-755.0M-575.0M-588.0M-525.0M-487.0M
Acquisitions i-1.6B-390.0M-2.6B-339.0M-4.2B
Investment Purchases i-808.0M-52.0M-52.0M-49.0M-54.0M
Investment Sales i148.0M54.0M240.0M55.0M61.0M
Investing Cash Flow i-3.0B-962.0M-2.9B-859.0M-4.7B
Financing Activities
Share Repurchases i---00
Dividends Paid i-1.2B-1.1B-1.1B-950.0M-863.0M
Debt Issuance i3.0B1.2B1.5B5.0M3.3B
Debt Repayment i-2.0B-2.1B-653.0M-1.2B-2.3B
Financing Cash Flow i-525.0M-1.6B-749.0M-2.4B-11.0M
Free Cash Flow i3.5B3.1B2.0B2.7B2.8B
Net Change in Cash i-218.0M590.0M-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

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
syk144.4B50.166.8114.25%12.25%80.83
Abbott Laboratories 229.3B16.534.5330.93%32.43%26.50
Boston Scientific 152.9B61.416.8111.55%13.55%53.09
Medtronic plc 119.0B25.722.489.51%13.90%61.39
Edwards Lifesciences 45.6B32.504.3315.53%72.96%6.62
Dexcom 31.4B56.4612.2222.83%13.29%100.24

Financial data is updated regularly. All figures are in the company's reporting currency.