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Stryker SYK Free cash flow margin

Free cash flow margin at other companies

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Baxter InternationalBAX
3%-2.4pp
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22.7%+2.2pp
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AxogenAXGN
-12.9%-3.8pp
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CONMEDCNMD
9.8%-1.4pp
Merit Medical Systems logo
Merit Medical SystemsMMSI
14.3%+1.3pp
Orthofix Medical Inc. logo
Orthofix Medical Inc.OFIX
-9.3%-1.7pp

Other financials

Income statement

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Revenue$6.6B+9.4%
Gross profit$4.5B+17.1%
Operating income$1.7B+49.1%
Net income$1.3B+44.3%
EPS (diluted)$3.30+44.1%

Balance sheet

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Cash & equivalents$3.4B+42.8%
Total debt$14.2B-15.2%
Total assets$47.9B+3.5%

Cash flow

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Operating cash flow$1.3B+13.5%
CapEx$202.0M+10.4%
Free cash flow$1.1B+14.1%

Valuation

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Market cap$124.86B-14.4%
Enterprise value$135.66B-15.3%
P/E33.5×-16.5×
P/S4.8×-1.3×

Profitability

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Gross margin65%+0.8pp
Operating margin21.4%+6.2pp
Net margin14.4%+2.2pp

Returns & leverage

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Return on equity32.8%
Debt / equity0.8×
Current ratio2.2×+0.4×

Where this comes from

Calculated from Stryker’s reported figures.

Based on trailing twelve months.

The source filing: Stryker’s 8-K, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 4:09 PM EDT
Accession
0000310764-26-000048

FAQ

What is Stryker's free cash flow margin?
Stryker (SYK) reported free cash flow margin of 18.2% in Q2 2026.
How has Stryker's free cash flow margin changed year-over-year?
Stryker's free cash flow margin increased by 7.7% year-over-year, from 16.9% to 18.2%.
What is the long-term trend for Stryker's free cash flow margin?
Over 5 years (2020 to 2025), Stryker's free cash flow margin has grown at a -2.6% compound annual growth rate (CAGR), from 19.4% to 17.1%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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