Stryker Corporation

SYK Healthcare Medical Devices

Stryker Corporation’s revenue for fiscal 2025 (year ended December 2025) was $25.1 billion, up 11.2% from fiscal 2024.

Revenue
+7.64%
EPS
−12.4%
Free cash flow
−19.4%
Total debt
−10.0%

Quarter to September 2026, against a year earlier

324.26 10.82 −3.23%
Market cap
$127.6B
P/E
35.3×
Fwd P/E
24.6×
Dividend yield
1.05%
F-score
5/9
Altman Z
4.81
Beneish M
−2.62
Dividend safety
82/100

Stryker Corporation (SYK) Free cash flow margin

Alert me on Free cash flow margin

Stryker Corporation's free cash flow margin over the twelve months to 30 September 2026 was 16.8%, down 0.3 percentage points from fiscal 2025 (17.1%). Over the past ten years it has ranged from 7.15% (fiscal 2015) to 19.4% (fiscal 2020); the current reading is higher than 91% of that period. That is above the Medical Devices industry median of −3.88% and above the Healthcare sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 17.1% 1.62
FY2024 15.4% 0.13
FY2023 15.3% 4.26
FY2022 11.0% (4.96)
FY2021 16.0% (3.44)
FY2020 19.4% 9.08
FY2019 10.4% (4.62)
FY2018 15.0% 7.26
FY2017 7.72% (4.86)
FY2016 12.6% 5.43

Against its own ten years

Low 7.15% High 19.4%
Ten-year median 15.0%
Current reading's percentile 91

Free cash flow margin against peers

Company Free cash flow margin
DXCM DexCom, Inc. compare 21.5%
EW Edwards Lifesciences Corporation compare 21.3%
STE STERIS plc compare 20.9%
SYK Stryker Corporation 16.8%
MDT Medtronic PLC compare 16.3%
BSX Boston Scientific Corporation compare 15.8%
PHG Koninklijke Philips N.V. compare 10.3%
GEHC GE HealthCare Technologies Inc. compare 8.73%
ABT Abbott Laboratories compare 0.00%
Medical Devices industry median −3.88%
Healthcare sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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