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SYKStryker Corporation

Health care · Medical Instruments · NYSE

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SYK and 9 peers, year by year

The 9 Health care companies closest to SYK in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
SYK Stryker Corporation	FY2025	$25.1B	+11.2%	64.0%	19.5%	12.9%	17.1%	14.5%	0.66
DHR Danaher Corporation	FY2025	$24.6B	+2.9%	59.1%	19.1%	14.7%	21.4%	6.9%	0.35
BDX Becton Dickinson	FY2025	$21.8B	+8.2%	-	11.8%	7.7%	12.2%	6.6%	0.76
GEHC GE HealthCare	FY2025	$20.6B	+4.8%	40.0%	13.4%	10.1%	7.3%	20.1%	1.01
GILD Gilead Sciences	FY2025	$29.4B	+2.4%	-	34.0%	28.9%	32.1%	37.5%	1.10
BSX Boston Scientific	FY2025	$20.1B	+19.9%	69.0%	18.0%	14.4%	18.2%	12.0%	0.47
UHS Universal Health Services	FY2025	$17.4B	+9.7%	-	11.5%	8.6%	4.9%	20.5%	0.66
IQV IQVIA	FY2025	$16.3B	+5.9%	-	13.4%	8.3%	12.6%	20.9%	2.42
REGN Regeneron Pharmaceuticals	FY2025	$14.3B	+1.0%	-	24.9%	31.4%	28.4%	14.4%	0.06
MDT Medtronic	FY2026	$36.4B	+8.4%	-	17.8%	13.2%	14.9%	9.7%	0.57

Revenuepeer median $20.6B

Sales growthpeer median +5.9%

Gross marginpeer median 59.1%

BSX 69.0%
SYK 64.0%
DHR 59.1%
GEHC 40.0%
BDX -
GILD -
UHS -
IQV -
REGN -
MDT -

Operating marginpeer median 17.8%

Net marginpeer median 13.2%

FCF marginpeer median 14.9%

Return on equitypeer median 14.4%

Debt / equitypeer median 0.66

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SYK Dec	$11.3B	$12.4B	$13.6B	$14.9B	$14.4B	$17.1B	$18.4B	$20.5B	$22.6B	$25.1B
DHR Dec	$16.9B	$18.3B	$19.9B	$17.9B	$22.3B	$24.8B	$26.6B	$23.9B	$23.9B	$24.6B
BDX Sep	$12.5B	$12.1B	$16.0B	$17.3B	$16.1B	$19.1B	$18.9B	$19.4B	$20.2B	$21.8B
GEHC Dec	-	-	-	-	-	$17.6B	$18.3B	$19.6B	$19.7B	$20.6B
GILD Dec	$30.4B	$26.1B	$22.1B	$22.4B	$24.7B	$27.3B	$27.3B	$27.1B	$28.8B	$29.4B
BSX Dec	$9.1B	$9.0B	$9.8B	$10.7B	$9.9B	$11.9B	$12.7B	$14.2B	$16.7B	$20.1B
UHS Dec	$9.8B	$10.4B	$10.8B	$11.4B	$11.6B	$12.6B	$13.4B	$14.3B	$15.8B	$17.4B
IQV Dec	$6.9B	$9.7B	$10.4B	$11.1B	$11.4B	$13.9B	$14.4B	$15.0B	$15.4B	$16.3B
REGN Dec	$4.9B	$5.9B	$5.1B	$6.6B	$8.5B	$16.1B	$12.2B	$13.1B	$14.2B	$14.3B
MDT Apr	$28.8B	$29.7B	$30.0B	$30.6B	$28.9B	$30.1B	$31.7B	$31.2B	$32.4B	$33.5B
Peer median	$11.1B	$11.3B	$13.4B	$14.3B	$13.8B	$17.6B	$18.3B	$19.4B	$19.7B	$20.6B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SYK Dec	+13.9%	+9.9%	+9.3%	+9.4%	−3.6%	+19.2%	+7.8%	+11.1%	+10.2%	+11.2%
DHR Dec	+17.0%	+8.6%	+9.9%	+5.1%	+24.4%	+32.2%	+7.4%	−10.3%	−0.1%	+2.9%
BDX Sep	+21.4%	−3.1%	+32.2%	+8.2%	−1.0%	+19.0%	−1.4%	+2.7%	+4.2%	+8.2%
GEHC Dec	-	-	-	-	-	-	+4.3%	+6.6%	+0.6%	+4.8%
GILD Dec	−6.9%	−14.1%	−15.2%	+1.5%	+10.0%	+10.6%	−0.1%	−0.6%	+6.0%	+2.4%
BSX Dec	+12.2%	+7.9%	+8.6%	+9.3%	−7.7%	+19.9%	+6.7%	+12.3%	+17.6%	+19.9%
UHS Dec	+8.0%	+6.6%	+3.5%	+5.6%	+1.6%	+9.4%	+6.0%	+6.6%	+10.8%	+9.7%
IQV Dec	+19.9%	+42.4%	+7.3%	+6.5%	+2.4%	+22.1%	+3.9%	+4.0%	+2.8%	+5.9%
REGN Dec	+18.4%	+20.8%	+14.3%	+27.4%	+29.6%	+89.1%	−24.3%	+7.8%	+8.3%	+1.0%
MDT Apr	-	+3.0%	+0.8%	+2.0%	−5.4%	+4.2%	+5.2%	−1.4%	+3.6%	+3.6%
Peer median	+17.0%	+7.2%	+7.9%	+6.1%	+2.0%	+19.5%	+4.3%	+4.0%	+4.2%	+4.8%

Gross margin, FY2016 to FY2025

Gross profit / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SYK Dec	66.3%	65.7%	65.7%	65.1%	63.1%	64.1%	62.8%	63.7%	63.9%	64.0%
DHR Dec	55.3%	46.8%	47.8%	55.7%	56.0%	61.4%	60.8%	58.7%	59.5%	59.1%
BDX Sep	48.0%	49.1%	45.5%	47.9%	47.1%	-	-	-	-	-
GEHC Dec	-	-	-	-	-	40.8%	39.1%	40.5%	41.7%	40.0%
GILD Dec	-	-	-	-	-	-	-	-	-	-
BSX Dec	65.7%	71.3%	71.4%	71.0%	65.0%	68.8%	68.8%	69.5%	68.6%	69.0%
UHS Dec	-	-	-	-	-	-	-	-	-	-
IQV Dec	-	-	-	-	-	-	-	-	-	-
REGN Dec	-	-	-	-	-	-	-	-	-	-
MDT Apr	68.3%	68.7%	69.8%	-	-	-	-	-	-	-
Peer median	60.5%	58.9%	58.8%	55.7%	56.0%	61.4%	60.8%	58.7%	59.5%	59.1%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SYK Dec	19.2%	18.5%	18.7%	18.2%	15.5%	15.1%	15.4%	19.0%	16.3%	19.5%
DHR Dec	16.2%	14.0%	15.4%	18.3%	19.0%	25.7%	28.3%	21.8%	20.4%	19.1%
BDX Sep	11.5%	12.6%	9.4%	10.2%	5.7%	11.8%	12.1%	10.9%	11.9%	11.8%
GEHC Dec	-	-	-	-	-	15.9%	13.8%	12.5%	13.3%	13.4%
GILD Dec	58.0%	54.1%	37.1%	19.1%	16.5%	36.3%	26.9%	28.0%	5.8%	34.0%
BSX Dec	4.9%	14.2%	15.3%	14.1%	−0.8%	10.1%	13.0%	16.5%	15.5%	18.0%
UHS Dec	13.1%	12.3%	10.9%	10.7%	11.8%	10.8%	7.5%	8.2%	10.6%	11.5%
IQV Dec	8.4%	6.8%	7.1%	7.0%	6.4%	10.0%	12.5%	13.2%	14.3%	13.4%
REGN Dec	27.4%	35.4%	49.3%	33.7%	42.1%	55.7%	38.9%	30.9%	28.1%	24.9%
MDT Apr	18.6%	18.1%	22.2%	20.5%	16.6%	14.9%	18.2%	17.6%	15.9%	17.8%
Peer median	14.7%	14.1%	15.3%	16.2%	14.1%	14.9%	13.8%	16.5%	14.3%	17.8%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SYK Dec	14.5%	8.2%	26.1%	14.0%	11.1%	11.7%	12.8%	15.4%	13.2%	12.9%
DHR Dec	15.1%	13.6%	13.3%	16.8%	16.4%	25.9%	27.1%	19.9%	16.3%	14.7%
BDX Sep	7.8%	9.1%	1.9%	7.1%	5.4%	10.9%	9.4%	7.7%	8.4%	7.7%
GEHC Dec	-	-	-	-	-	12.8%	10.4%	8.0%	10.1%	10.1%
GILD Dec	44.4%	17.7%	24.7%	24.0%	0.5%	22.8%	16.8%	20.9%	1.7%	28.9%
BSX Dec	3.8%	1.1%	17.0%	43.8%	−1.2%	8.3%	5.1%	11.0%	11.1%	14.4%
UHS Dec	7.2%	7.2%	7.2%	7.2%	8.2%	7.8%	5.0%	5.0%	7.2%	8.6%
IQV Dec	1.0%	13.1%	2.5%	1.7%	2.5%	7.0%	7.6%	9.1%	8.9%	8.3%
REGN Dec	18.4%	20.4%	47.5%	32.3%	41.3%	50.2%	35.6%	30.1%	31.1%	31.4%
MDT Apr	12.3%	13.6%	10.4%	15.2%	16.6%	12.0%	15.9%	12.0%	11.4%	13.9%
Peer median	10.0%	13.3%	11.8%	16.0%	6.8%	12.0%	10.4%	11.0%	10.1%	13.9%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SYK Dec	$1.4B	$961.0M	$2.0B	$1.5B	$2.8B	$2.7B	$2.0B	$3.1B	$3.5B	$4.3B
DHR Dec	$2.9B	$2.9B	$3.4B	$3.3B	$5.4B	$7.1B	$7.4B	$5.8B	$5.3B	$5.3B
BDX Sep	$1.9B	$1.8B	$2.0B	$2.4B	$2.8B	$3.5B	$1.5B	$2.1B	$3.1B	$2.7B
GEHC Dec	-	-	-	-	-	$1.4B	$1.8B	$1.7B	$1.6B	$1.5B
GILD Dec	$16.3B	$11.3B	$7.5B	$8.3B	$7.5B	$10.8B	$8.3B	$7.4B	$10.3B	$9.5B
BSX Dec	$806.0M	$1.1B	−$6.0M	$1.4B	$1.1B	$1.3B	$938.0M	$1.8B	$2.6B	$3.7B
UHS Dec	$813.9M	$690.1M	$609.8M	$804.4M	$1.6B	$28.0M	$262.0M	$524.7M	$1.1B	$849.2M
IQV Dec	$696.0M	$601.0M	$795.0M	$835.0M	$1.3B	$2.3B	$1.6B	$1.5B	$2.1B	$2.1B
REGN Dec	$974.0M	$1.0B	$1.8B	$2.0B	$2.0B	$6.5B	$4.4B	$3.9B	$3.7B	$4.1B
MDT Apr	$4.2B	$5.6B	$3.6B	$5.9B	$6.0B	$4.9B	$6.0B	$4.6B	$5.2B	$5.2B
Peer median	$1.4B	$1.5B	$1.9B	$2.2B	$2.4B	$3.5B	$1.8B	$2.1B	$3.1B	$3.7B

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SYK Dec	12.6%	7.7%	15.0%	10.4%	19.4%	16.0%	11.0%	15.3%	15.4%	17.1%
DHR Dec	17.4%	15.9%	17.3%	18.5%	24.3%	28.7%	27.8%	24.2%	22.2%	21.4%
BDX Sep	14.9%	15.1%	12.3%	13.7%	17.2%	18.0%	7.9%	10.9%	15.5%	12.2%
GEHC Dec	-	-	-	-	-	7.7%	9.9%	8.8%	7.9%	7.3%
GILD Dec	53.6%	43.3%	33.8%	37.1%	30.5%	39.6%	30.6%	27.4%	35.8%	32.1%
BSX Dec	8.9%	12.2%	−0.1%	12.8%	11.4%	11.1%	7.4%	12.6%	15.8%	18.2%
UHS Dec	8.3%	6.6%	5.7%	7.1%	14.1%	0.2%	2.0%	3.7%	7.1%	4.9%
IQV Dec	10.1%	6.2%	7.6%	7.5%	11.8%	16.6%	11.0%	10.0%	13.7%	12.6%
REGN Dec	20.0%	17.6%	35.2%	30.5%	23.6%	40.6%	36.3%	29.5%	25.8%	28.4%
MDT Apr	14.5%	18.9%	12.1%	19.2%	20.8%	16.2%	18.9%	14.7%	16.1%	15.5%
Peer median	14.7%	15.5%	12.2%	16.1%	19.0%	16.6%	11.0%	12.6%	15.8%	15.5%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SYK Dec	17.2%	10.2%	30.3%	16.3%	12.2%	13.4%	14.2%	17.0%	14.5%	14.5%
DHR Dec	11.1%	9.5%	9.4%	9.9%	9.2%	14.2%	14.4%	8.9%	7.9%	6.9%
BDX Sep	12.8%	8.5%	1.5%	5.8%	3.7%	8.8%	7.0%	5.8%	6.6%	6.6%
GEHC Dec	-	-	-	-	-	13.5%	20.5%	22.0%	23.6%	20.1%
GILD Dec	71.5%	22.6%	25.5%	23.9%	0.7%	29.5%	21.6%	24.8%	2.5%	37.5%
BSX Dec	5.2%	1.5%	19.1%	33.9%	−0.8%	5.9%	3.7%	8.1%	8.5%	12.0%
UHS Dec	15.5%	15.1%	14.5%	14.8%	14.9%	16.3%	11.4%	11.7%	17.1%	20.5%
IQV Dec	0.8%	16.0%	3.9%	3.2%	4.6%	16.0%	18.9%	22.2%	22.6%	20.9%
REGN Dec	20.1%	19.5%	27.9%	19.1%	31.9%	43.0%	19.1%	15.2%	15.0%	14.4%
MDT Apr	6.8%	8.0%	6.1%	9.2%	9.4%	7.0%	9.6%	7.3%	7.3%	9.7%
Peer median	11.9%	12.3%	11.9%	12.4%	6.9%	14.2%	14.4%	11.7%	8.5%	14.4%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SYK Dec	0.72	0.66	0.72	0.80	1.01	0.84	0.71	0.59	0.59	0.66
DHR Dec	0.65	0.41	0.35	0.72	0.53	0.49	0.40	0.38	0.33	0.35
BDX Sep	1.51	1.46	1.02	0.92	0.75	0.74	0.64	0.62	0.78	0.76
GEHC Dec	-	-	-	-	-	-	0.88	1.46	1.24	1.01
GILD Dec	1.39	1.64	1.28	1.09	1.73	1.27	1.19	1.09	1.38	1.10
BSX Dec	0.80	0.80	0.81	0.72	0.60	0.55	0.51	0.47	0.49	0.47
UHS Dec	0.91	0.81	0.74	0.72	0.61	0.69	0.81	0.80	0.68	0.66
IQV Dec	0.84	1.28	1.64	1.94	2.09	2.01	2.21	2.24	2.30	2.42
REGN Dec	-	-	-	0.00	0.18	0.11	0.09	0.08	0.07	0.06
MDT Apr	0.60	0.67	0.51	0.51	0.49	0.51	0.46	0.47	0.50	0.53
Peer median	0.84	0.81	0.81	0.72	0.60	0.62	0.64	0.62	0.68	0.66

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
SYK Dec	$4.35	$2.68	$9.34	$5.48	$4.20	$5.21	$6.17	$8.25	$7.76	$8.40
DHR Dec	$3.65	$3.53	$3.74	$4.05	$4.89	$8.61	$9.66	$6.38	$5.29	$5.05
BDX Sep	$4.49	$4.60	$0.60	$3.94	$2.71	$6.85	$5.88	$4.94	$5.86	$5.82
GEHC Dec	-	-	-	-	-	$4.95	$4.22	$3.03	$4.34	$4.55
GILD Dec	$9.94	$3.51	$4.17	$4.22	$0.10	$4.93	$3.64	$4.50	$0.38	$6.78
BSX Dec	$0.25	$0.08	$1.19	$3.33	−$0.08	$0.69	$0.45	$1.07	$1.25	$1.94
UHS Dec	$7.14	$7.81	$8.31	$9.13	$10.99	$11.82	$9.14	$10.23	$16.82	$23.10
IQV Dec	$0.47	$5.74	$1.24	$0.96	$1.43	$4.95	$5.72	$7.29	$7.49	$7.84
REGN Dec	$7.70	$10.34	$21.29	$18.46	$30.52	$71.97	$38.22	$34.77	$38.34	$41.48
MDT Apr	$2.48	$2.89	$2.27	$3.41	$3.54	$2.66	$3.73	$2.82	$2.76	$3.61
Peer median	$4.07	$4.06	$3.00	$4.00	$3.12	$4.95	$5.72	$4.94	$5.29	$5.82

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out SYK and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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