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Stryker SYK Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

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-5×-5.4×
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ZscalerZS
19.2×+12.3×
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CitigroupC
0.1×-0.3×
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Morgan StanleyMS
-0.2×
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0.6×-1.3×
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American ExpressAXP
0.3×+0.3×

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
FCF margin18.2%+1.3pp

Returns & leverage

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

Where this comes from

Reported directly by Stryker in its filing.

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 net debt?
Stryker (SYK) reported net debt of $10.8B in Q2 2026.
How has Stryker's net debt changed year-over-year?
Stryker's net debt decreased by 24.8% year-over-year, from $14.36B to $10.8B.
What is the long-term trend for Stryker's net debt?
Over 5 years (2020 to 2025), Stryker's net debt has grown at a -0.3% compound annual growth rate (CAGR), from $11.16B to $11B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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