SYKStryker Corporation

Health care · Medical Instruments · NYSE

Employees: 56,000
Headquarters: Portage, MI
Next results: around Jan 28, 2027

10-K 0000310764-26-000010 (2026-02-11) vs 10-K 0000310764-25-000023 (2025-02-12)

Section	Compared text	Words now	Changed
Risk Factors	Item 1A	91	not compared
MD&A	Item 7	1,029	85.5%
Legal Proceedings	Item 3, via Note 7 – CONTINGENCIES AND COMMITMENTS	61	not compared
Accounting Policies	Item 8, Note 1 – SIGNIFICANT ACCOUNTING POLICIES	39	not compared

The redline: what was cut and what was added

In each section, the paragraph that changed most, marked against last year's 10-K: ~~cut words struck through~~, new words highlighted and underlined.

MD&A 90 words changed in this paragraph; it is 52% similar to last year's version.

Operating Income Percent Net Sales MedSurg and Orthopaedics Neurotechnology Orthopaedics 2022 26.0% 29.1% Sales pricing 70 bps (30) bps Volume 100 bps 80 bps Manufacturing and supply chain costs 90 bps (220) bps Research, development and engineering expenses 50 bps 20 bps Selling, general and administrative expenses (60) bps (40) bps 2023 28.5% 27.2% Sales pricing 70 bps 0 bps Volume 40 bps 70 bps Manufacturing and supply chain costs (40) bps (20) bps Research, development and ~~engineering expenses~~ 0 bps 10 bps engineering expenses Selling, general and administrative ~~expenses~~ 40 bps 70 bps expenses 2024 29.6% 28.5% Sales pricing 30 bps 0 bps Volume 90 bps 30 bps Manufacturing and supply chain costs 80 bps (90) bps Research, development and (30) bps 50 bps engineering expenses Selling, general and administrative (140) bps 140 bps expenses 2025 29.9% 29.8%

Source: Item 7, 10-K 0000310764-26-000010 vs Item 7, 10-K 0000310764-25-000023

Every change, by type

Sentences and paragraphs of SYK's Risk Factors and MD&A, 10-K 2026-02-11 against 10-K 2025-02-12. Each links to the text at sec.gov.

All 157 Added 2 Removed 149 Reworded 5 Quiet changes 1

Quiet changes are sentences kept from last year with one to four words changed, at least one of them a hedge, a modal or a qualifier (may, could, will, not, significant, material…). A year or date rolling forward is not counted.

The full word list

adverse, adversely, all, although, anticipate, anticipates, any, approximately, believe, believes, can, cannot, certain, could, expect, expects, generally, however, if, intend, intends, largely, likely, many, material, materially, may, might, most, must, never, no, not, possible, primarily, probable, should, significant, significantly, some, substantial, substantially, unlikely, will, would

RemovedRisk Factors

This report contains statements that are not historical facts and are considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current projections about operations, industry conditions, financial condition and liquidity. Words that identify forward-looking statements include, without limitation, words such as “may,” “could,” “will,” “should,” “possible,” “plan,” “predict,” “forecast,” “potential,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “believe,” “may impact,” “on track,” “goal,” “strategy” and words and terms of similar substance used in connection with any discussion of future operating or financial performance, an acquisition or our businesses. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Those statements are not guarantees and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore, actual results could differ materially and adversely from these forward-looking statements, historical experience or our present expectations. Some important factors that could cause our actual results to differ from our expectations in any forward-looking statements include: