Stryker reported revenue of $25.12 billion for fiscal year 2025 (ended December 31, 2025), up 11.2% from fiscal year 2024. Net income was $3.25 billion, a net margin of 12.9%, and diluted earnings per share were $8.40.
At the end of fiscal year 2025 it had total assets of $47.84 billion, total liabilities of $25.42 billion and shareholders' equity of $22.42 billion, with cash and short-term investments of $4.10 billion and total debt of $15.86 billion.
Its operations brought in $5.04 billion of cash; capital spending was $761.00 million, leaving free cash flow of $4.28 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

Annual • USD
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $25.1B | $22.6B | $20.5B | $18.4B | $17.1B |
| Gross profit | $16.1B | $14.4B | $13.1B | $11.6B | $11.0B |
| Operating income | $5.1B | $4.7B | $3.9B | $3.1B | $2.7B |
| Net income | $3.2B | $3.0B | $3.2B | $2.4B | $2.0B |
| Diluted EPS | $8.40 | $7.76 | $8.25 | $6.17 | $5.21 |
| Total assets | $47.8B | $43.0B | $39.9B | $36.9B | $34.6B |
| Total liabilities | $25.4B | $22.3B | $21.3B | $20.3B | $19.8B |
| Shareholders' equity | $22.4B | $20.6B | $18.6B | $16.6B | $14.9B |
| Cash and short-term investments | $4.1B | $4.5B | $3.1B | $1.9B | $3.0B |
| Total debt | $15.9B | $13.6B | $13.0B | $13.0B | $12.5B |
| Operating cash flow | $5.0B | $4.2B | $3.7B | $2.6B | $3.3B |
| Capital spending | $761.0M | $755.0M | $575.0M | $588.0M | $525.0M |
| Free cash flow | $4.3B | $3.5B | $3.1B | $2.0B | $2.7B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
$25.12 billion, up 11.2% from $22.60 billion in fiscal year 2024.
Stryker reported net income of $3.25 billion for fiscal year 2025 (12.9% of revenue); operating income was $5.06 billion.
At the end of fiscal year 2025: cash and short-term investments of $4.10 billion and total debt of $15.86 billion.
$4.28 billion in fiscal year 2025 (operating cash flow of $5.04 billion minus capital spending of $761.00 million).