S

STRYKER CORP

SYK · CIK 0000310764

19 fiscal years · 68 SEC filings · every number carries its receipt

Revenue (FY)
$25.12B11.2%
FY2025
Net income (FY)
$3.25B8.5%
FY2025
Free cash flow (FY)
$4.28B22.8%
FY2025
Diluted EPS (FY)
$8.408.2%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2007 · Revenue $6.00B · Net income $1.02B · 0001193125-10-042997 · filed 2010-02-26FY07Revenue $6.00BNet income $1.02B0001193125-10-042997 · filed 2010-02-26FY2008 · Revenue $6.72B · Net income $1.15B · 0001193125-11-039845 · filed 2011-02-18FY08Revenue $6.72BNet income $1.15B0001193125-11-039845 · filed 2011-02-18FY2009 · Revenue $6.72B · Net income $1.11B · 0000310764-12-000031 · filed 2012-02-13FY09Revenue $6.72BNet income $1.11B0000310764-12-000031 · filed 2012-02-13FY2010 · Revenue $7.32B · Net income $1.27B · 0000310764-13-000054 · filed 2013-02-27FY10Revenue $7.32BNet income $1.27B0000310764-13-000054 · filed 2013-02-27FY2011 · Revenue $8.31B · Net income $1.34B · 0000310764-14-000021 · filed 2014-02-13FY11Revenue $8.31BNet income $1.34B0000310764-14-000021 · filed 2014-02-13FY2012 · Revenue $8.66B · Net income $1.30B · 0000310764-15-000022 · filed 2015-02-12FY12Revenue $8.66BNet income $1.30B0000310764-15-000022 · filed 2015-02-12FY2013 · Revenue $9.02B · Net income $1.01B · 0000310764-16-000226 · filed 2016-02-11FY13Revenue $9.02BNet income $1.01B0000310764-16-000226 · filed 2016-02-11FY2014 · Revenue $9.68B · Net income $515.0M · 0000310764-17-000034 · filed 2017-02-09FY14Revenue $9.68BNet income $515.0M0000310764-17-000034 · filed 2017-02-09FY2015 · Revenue $9.95B · Net income $1.44B · 0000310764-18-000031 · filed 2018-02-08FY15Revenue $9.95BNet income $1.44B0000310764-18-000031 · filed 2018-02-08FY2016 · Revenue $11.32B · Net income $1.65B · 0000310764-19-000014 · filed 2019-02-07FY16Revenue $11.32BNet income $1.65B0000310764-19-000014 · filed 2019-02-07FY2017 · Revenue $12.44B · Net income $1.02B · 0000310764-20-000014 · filed 2020-02-06FY17Revenue $12.44BNet income $1.02B0000310764-20-000014 · filed 2020-02-06FY2018 · Revenue $13.60B · Net income $3.55B · 0000310764-21-000027 · filed 2021-02-11FY18Revenue $13.60BNet income $3.55B0000310764-21-000027 · filed 2021-02-11FY2019 · Revenue $14.88B · Net income $2.08B · 0000310764-22-000028 · filed 2022-02-11FY19Revenue $14.88BNet income $2.08B0000310764-22-000028 · filed 2022-02-11FY2020 · Revenue $14.35B · Net income $1.60B · 0000310764-23-000017 · filed 2023-02-10FY20Revenue $14.35BNet income $1.60B0000310764-23-000017 · filed 2023-02-10FY2021 · Revenue $17.11B · Net income $1.99B · 0000310764-24-000024 · filed 2024-02-14FY21Revenue $17.11BNet income $1.99B0000310764-24-000024 · filed 2024-02-14FY2022 · Revenue $18.45B · Net income $2.36B · 0000310764-25-000023 · filed 2025-02-12FY22Revenue $18.45BNet income $2.36B0000310764-25-000023 · filed 2025-02-12FY2023 · Revenue $20.50B · Net income $3.17B · 0000310764-26-000010 · filed 2026-02-11FY23Revenue $20.50BNet income $3.17B0000310764-26-000010 · filed 2026-02-11FY2024 · Revenue $22.59B · Net income $2.99B · 0000310764-26-000010 · filed 2026-02-11FY24Revenue $22.59BNet income $2.99B0000310764-26-000010 · filed 2026-02-11FY2025 · Revenue $25.12B · Net income $3.25B · 0000310764-26-000010 · filed 2026-02-11FY25Revenue $25.12BNet income $3.25B0000310764-26-000010 · filed 2026-02-11FY25Revenue $25.12BNet income $3.25B0000310764-26-000010 · filed 2026-02-11FY07FY10FY13FY16FY19FY22FY25

revenue 4.2× since FY2007 · net margin 17.0% → 12.9%

MarginsNet marginFCF margin
0%10%20%FY2007 · Net margin 17.0% · FCF margin 14.0%FY07Net margin 17.0%FCF margin 14.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 17.1% · FCF margin 15.2%FY08Net margin 17.1%FCF margin 15.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 16.5% · FCF margin 19.8%FY09Net margin 16.5%FCF margin 19.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 17.4% · FCF margin 18.6%FY10Net margin 17.4%FCF margin 18.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 16.2% · FCF margin 14.5%FY11Net margin 16.2%FCF margin 14.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 15.0% · FCF margin 16.7%FY12Net margin 15.0%FCF margin 16.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 11.2% · FCF margin 18.7%FY13Net margin 11.2%FCF margin 18.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 5.3% · FCF margin 16.0%FY14Net margin 5.3%FCF margin 16.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 14.5% · FCF margin 7.1%FY15Net margin 14.5%FCF margin 7.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 14.5% · FCF margin 12.6%FY16Net margin 14.5%FCF margin 12.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 8.2% · FCF margin 7.7%FY17Net margin 8.2%FCF margin 7.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 26.1% · FCF margin 15.0%FY18Net margin 26.1%FCF margin 15.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 14.0% · FCF margin 10.4%FY19Net margin 14.0%FCF margin 10.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 11.1% · FCF margin 19.4%FY20Net margin 11.1%FCF margin 19.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 11.7% · FCF margin 16.0%FY21Net margin 11.7%FCF margin 16.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 12.8% · FCF margin 11.0%FY22Net margin 12.8%FCF margin 11.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 15.4% · FCF margin 15.3%FY23Net margin 15.4%FCF margin 15.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 13.2% · FCF margin 15.4%FY24Net margin 13.2%FCF margin 15.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 12.9% · FCF margin 17.1%FY25Net margin 12.9%FCF margin 17.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 12.9%FCF margin 17.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 12.9% · free cash flow 17.1% of revenue

Cash engineOperating cash flowFree cash flow
$0$2B$4BFY2007 · OCF $1.03B · FCF $840.6M · 0001193125-10-042997 · filed 2010-02-26FY07OCF $1.03BFCF $840.6M0001193125-10-042997 · filed 2010-02-26FY2008 · OCF $1.18B · FCF $1.02B · 0001193125-11-039845 · filed 2011-02-18FY08OCF $1.18BFCF $1.02B0001193125-11-039845 · filed 2011-02-18FY2009 · OCF $1.46B · FCF $1.33B · 0000310764-12-000031 · filed 2012-02-13FY09OCF $1.46BFCF $1.33B0000310764-12-000031 · filed 2012-02-13FY2010 · OCF $1.55B · FCF $1.36B · 0000310764-13-000054 · filed 2013-02-27FY10OCF $1.55BFCF $1.36B0000310764-13-000054 · filed 2013-02-27FY2011 · OCF $1.43B · FCF $1.21B · 0000310764-14-000021 · filed 2014-02-13FY11OCF $1.43BFCF $1.21B0000310764-14-000021 · filed 2014-02-13FY2012 · OCF $1.66B · FCF $1.45B · 0000310764-15-000022 · filed 2015-02-12FY12OCF $1.66BFCF $1.45B0000310764-15-000022 · filed 2015-02-12FY2013 · OCF $1.89B · FCF $1.69B · 0000310764-16-000226 · filed 2016-02-11FY13OCF $1.89BFCF $1.69B0000310764-16-000226 · filed 2016-02-11FY2014 · OCF $1.78B · FCF $1.55B · 0000310764-17-000034 · filed 2017-02-09FY14OCF $1.78BFCF $1.55B0000310764-17-000034 · filed 2017-02-09FY2015 · OCF $981.0M · FCF $711.0M · 0000310764-18-000031 · filed 2018-02-08FY15OCF $981.0MFCF $711.0M0000310764-18-000031 · filed 2018-02-08FY2016 · OCF $1.92B · FCF $1.43B · 0000310764-19-000014 · filed 2019-02-07FY16OCF $1.92BFCF $1.43B0000310764-19-000014 · filed 2019-02-07FY2017 · OCF $1.56B · FCF $961.0M · 0000310764-20-000014 · filed 2020-02-06FY17OCF $1.56BFCF $961.0M0000310764-20-000014 · filed 2020-02-06FY2018 · OCF $2.61B · FCF $2.04B · 0000310764-21-000027 · filed 2021-02-11FY18OCF $2.61BFCF $2.04B0000310764-21-000027 · filed 2021-02-11FY2019 · OCF $2.19B · FCF $1.54B · 0000310764-22-000028 · filed 2022-02-11FY19OCF $2.19BFCF $1.54B0000310764-22-000028 · filed 2022-02-11FY2020 · OCF $3.28B · FCF $2.79B · 0000310764-23-000017 · filed 2023-02-10FY20OCF $3.28BFCF $2.79B0000310764-23-000017 · filed 2023-02-10FY2021 · OCF $3.26B · FCF $2.74B · 0000310764-24-000024 · filed 2024-02-14FY21OCF $3.26BFCF $2.74B0000310764-24-000024 · filed 2024-02-14FY2022 · OCF $2.62B · FCF $2.04B · 0000310764-25-000023 · filed 2025-02-12FY22OCF $2.62BFCF $2.04B0000310764-25-000023 · filed 2025-02-12FY2023 · OCF $3.71B · FCF $3.14B · 0000310764-26-000010 · filed 2026-02-11FY23OCF $3.71BFCF $3.14B0000310764-26-000010 · filed 2026-02-11FY2024 · OCF $4.24B · FCF $3.49B · 0000310764-26-000010 · filed 2026-02-11FY24OCF $4.24BFCF $3.49B0000310764-26-000010 · filed 2026-02-11FY2025 · OCF $5.04B · FCF $4.28B · 0000310764-26-000010 · filed 2026-02-11FY25OCF $5.04BFCF $4.28B0000310764-26-000010 · filed 2026-02-11FY25OCF $5.04BFCF $4.28B0000310764-26-000010 · filed 2026-02-11’09’13’17’21’25

FY2025: $5.04B operating cash − $761.0M capex = $4.28B free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%30%FY2008 · ROE 21.2% · ROA 15.1%FY08ROE 21.2%ROA 15.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 16.8% · ROA 12.2%FY09ROE 16.8%ROA 12.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 17.7% · ROA 11.7%FY10ROE 17.7%ROA 11.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 17.5% · ROA 11.1%FY11ROE 17.5%ROA 11.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 15.1% · ROA 9.8%FY12ROE 15.1%ROA 9.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 11.1% · ROA 6.4%FY13ROE 11.1%ROA 6.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 6.0% · ROA 3.0%FY14ROE 6.0%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 16.9% · ROA 8.9%FY15ROE 16.9%ROA 8.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 17.2% · ROA 8.1%FY16ROE 17.2%ROA 8.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 10.2% · ROA 4.6%FY17ROE 10.2%ROA 4.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 30.3% · ROA 13.0%FY18ROE 30.3%ROA 13.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 16.3% · ROA 6.9%FY19ROE 16.3%ROA 6.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 12.2% · ROA 4.7%FY20ROE 12.2%ROA 4.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 13.4% · ROA 5.8%FY21ROE 13.4%ROA 5.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 14.2% · ROA 6.4%FY22ROE 14.2%ROA 6.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 17.0% · ROA 7.9%FY23ROE 17.0%ROA 7.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 14.5% · ROA 7.0%FY24ROE 14.5%ROA 7.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 14.5% · ROA 6.8%FY25ROE 14.5%ROA 6.8%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 14.5%ROA 6.8%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 21% (FY2008) → 14% (FY2025) · on assets 6.8%

Balance sheetLiabilitiesEquity
$0$20B$40BFY2015 · Liabilities $7.71B · Equity $8.51BFY15Liabilities $7.71BEquity $8.51B0000310764-17-000034 · filed 2017-02-09FY2016 · Liabilities $10.88B · Equity $9.55BFY16Liabilities $10.88BEquity $9.55B0000310764-18-000031 · filed 2018-02-08FY2017 · Liabilities $12.22B · Equity $9.97BFY17Liabilities $12.22BEquity $9.97B0000310764-19-000014 · filed 2019-02-07FY2018 · Liabilities $15.50B · Equity $11.73BFY18Liabilities $15.50BEquity $11.73B0000310764-20-000014 · filed 2020-02-06 · 0000310764-19-000014 · filed 2019-02-07FY2019 · Liabilities $17.36B · Equity $12.81BFY19Liabilities $17.36BEquity $12.81B0000310764-21-000027 · filed 2021-02-11FY2020 · Liabilities $21.25B · Equity $13.08BFY20Liabilities $21.25BEquity $13.08B0000310764-22-000028 · filed 2022-02-11FY2021 · Liabilities $19.75B · Equity $14.88BFY21Liabilities $19.75BEquity $14.88B0000310764-23-000017 · filed 2023-02-10FY2022 · Liabilities $20.27B · Equity $16.62BFY22Liabilities $20.27BEquity $16.62B0000310764-24-000024 · filed 2024-02-14FY2023 · Liabilities $21.32B · Equity $18.59BFY23Liabilities $21.32BEquity $18.59B0000310764-25-000023 · filed 2025-02-12FY2024 · Liabilities $22.34B · Equity $20.63BFY24Liabilities $22.34BEquity $20.63B0000310764-26-000010 · filed 2026-02-11FY2025 · Liabilities $25.42B · Equity $22.42BFY25Liabilities $25.42BEquity $22.42B0000310764-26-000010 · filed 2026-02-11FY25Liabilities $25.42BEquity $22.42B0000310764-26-000010 · filed 2026-02-11’16’19’22’25

FY2025: $47.84B assets · $25.42B liabilities · $22.42B equity

The receipts

Financial statements

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

USD millionsQ1 2026Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022
Revenue6,0206,0576,0225,8665,4945,4225,2434,9094,9964,7784,4794,493
Net income745859884654834825788692738592816656
Diluted EPS1.932.222.291.692.162.142.051.801.931.542.141.72
Diluted shares387387386386386385385384384383382382
Operating cash flow581250204445
Capital expenditures166123167130
Free cash flow41512737315
Cash & equivalents2,8783,2562,3752,3203,8501,8742,3301,8601,4011,6711,4201,044
Total assets46,29147,05746,33146,00643,83339,13039,40238,04237,40936,83035,98336,032
Total liabilities23,31225,27225,14025,07623,68419,36820,23020,13720,04819,93519,52020,358
Shareholders' equity22,97921,78521,19120,93020,14919,76219,17217,90517,36116,89516,46315,674

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. Quarterly view shows as-reported 10-Q periods; Q4 synthesis ships in Phase 1. See methodology.