Stryker Corporation (SYK) Financial Statements

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Stryker financial statements at a glance

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.

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Stryker Corporation

SYKUnited States
Healthcare
USD (Local)

Income Statement

Annual • USD

Total Revenue
25.12B
Prev Year: 22.59B
YoY: +11.2%
Operating Revenue
25.12B
Prev Year: 22.59B
YoY: +11.2%
Total Unusual Items Excluding Goodwill
-170.00M
Prev Year: -977.00M
YoY: +82.6%
Total Unusual Items
-170.00M
Prev Year: -977.00M
YoY: +82.6%
Normalized EBITDA
6.48B
Prev Year: 6.69B
YoY: -3.1%
Tax Rate for Calcs
0.281
Prev Year: 0.143
YoY: +96.4%
Tax Effect of Unusual Items
-47.75M
Prev Year: -139.71M
YoY: +65.8%
Impairment of Capital Assets
170.00M
Prev Year: 977.00M
YoY: -82.6%
Cost of Revenue
9.05B
Prev Year: 8.15B
YoY: +11.0%
Gross Profit
16.07B
Prev Year: 14.44B
YoY: +11.3%
Operating Expense
11.01B
Prev Year: 9.77B
YoY: +12.6%
Selling General and Administrative
8.65B
Prev Year: 7.68B
YoY: +12.6%
Research and Development
1.62B
Prev Year: 1.47B
YoY: +10.7%
Depreciation Amortization Depletion
732.00M
Prev Year: 623.00M
YoY: +17.5%
Depreciation and amortization
732.00M
Prev Year: 623.00M
YoY: +17.5%
Amortization
732.00M
Prev Year: 623.00M
YoY: +17.5%
Amortization of Intangibles
732.00M
Prev Year: 623.00M
YoY: +17.5%
Operating Income
5.06B
Prev Year: 4.67B
YoY: +8.4%
Net Non Operating Interest Income Expense
-607.00M
Non-operating Interest Expense
607.00M
Other Income Expense
62.00M
Prev Year: -1.17B
YoY: +105.3%
Special Income Charges
-170.00M
Prev Year: -977.00M
YoY: +82.6%
Other Non-operating Income (expense)
232.00M
Prev Year: -197.00M
YoY: +217.8%
Pre-tax Income
4.51B
Prev Year: 3.49B
YoY: +29.3%
Provision for Income Taxes
1.27B
Prev Year: 499.00M
YoY: +154.1%
Net Income Common Stockholders
3.25B
Prev Year: 2.99B
YoY: +8.5%
Net Income
3.25B
Prev Year: 2.99B
YoY: +8.5%
Net Income Including Non-Controlling Interests
3.25B
Prev Year: 2.99B
YoY: +8.5%
Net Income from Continuing Operations
3.25B
Prev Year: 2.99B
YoY: +8.5%
Diluted NI Available to Com Stockholders
3.25B
Prev Year: 2.99B
YoY: +8.5%
Basic EPS
8.49
Prev Year: 7.86
YoY: +8.0%
Diluted EPS
8.4
Prev Year: 7.76
YoY: +8.2%
Weighted Average Shares (basic)
382.20M
Prev Year: 381.00M
YoY: +0.3%
Weighted Average Shares (diluted)
386.50M
Prev Year: 385.60M
YoY: +0.2%
Total Operating Income as Reported
4.89B
Prev Year: 3.69B
YoY: +32.5%
Total Expenses
20.06B
Prev Year: 17.93B
YoY: +11.9%
Net Income from Continuing and Discontinued Operation
3.25B
Prev Year: 2.99B
YoY: +8.5%
Normalized Income
3.37B
Prev Year: 3.83B
YoY: -12.1%
Interest Expense
607.00M
Net Interest Income
-607.00M
EBIT
5.12B
Prev Year: 4.67B
YoY: +9.8%
EBITDA
6.31B
Prev Year: 5.72B
YoY: +10.5%
Reconciled Cost of Revenue
8.59B
Prev Year: 7.73B
YoY: +11.2%
Reconciled Depreciation
1.19B
Prev Year: 1.05B
YoY: +13.6%
Net Income from Continuing Operation Net Minority Interest
3.25B
Prev Year: 2.99B
YoY: +8.5%
Values in USD

Stryker key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
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.

Questions and answers

What was Stryker's revenue in fiscal year 2025?

$25.12 billion, up 11.2% from $22.60 billion in fiscal year 2024.

How much profit does Stryker make?

Stryker reported net income of $3.25 billion for fiscal year 2025 (12.9% of revenue); operating income was $5.06 billion.

How much cash and debt does Stryker have?

At the end of fiscal year 2025: cash and short-term investments of $4.10 billion and total debt of $15.86 billion.

What is Stryker's free cash flow?

$4.28 billion in fiscal year 2025 (operating cash flow of $5.04 billion minus capital spending of $761.00 million).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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