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Stryker SYK Operating margin

Operating margin at other companies

Johnson & Johnson logo
Johnson & JohnsonJNJ
26.4%+2.8pp
Boston Scientific logo
Boston ScientificBSX
18.4%+2.2pp
Intuitive Surgical logo
Intuitive SurgicalISRG
30.5%+2.3pp
Zimmer Biomet Holdings logo
Zimmer Biomet HoldingsZBH
14%-3.0pp
Medtronic logo
MedtronicMDT
17.8%0.0pp
STERIS logo
STERISSTE
18.6%+2.7pp

Other financials

Income statement

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Revenue$6.0B+2.6%
Gross profit$3.8B+1.8%
Operating income$936.0M+11.8%
Net income$745.0M+13.9%
EPS (diluted)$1.93+14.2%

Balance sheet

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Cash & equivalents$2.9B+24.1%
Total debt$14.4B-15.1%
Total assets$46.3B+0.6%

Cash flow

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Operating cash flow$581.0M+132%
CapEx$166.0M+35.0%
Free cash flow$415.0M+227%

Valuation

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Market cap$115.45B-11.4%
Enterprise value$126.95B-12.4%
P/E34.6×-11.0×
P/S4.6×-1.0×

Profitability

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Gross margin63.8%-0.1pp
Net margin13.2%+0.9pp

Returns & leverage

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Return on equity32.8%
Debt / equity0.8×
Current ratio2.1×+0.5×

Where this comes from

Calculated from Stryker’s reported figures.

Based on trailing twelve months.

The official record: Stryker’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Stryker's operating margin?
Stryker (SYK) reported operating margin of 19.7% in Q1 2026.
How has Stryker's operating margin changed year-over-year?
Stryker's operating margin increased by 29.0% year-over-year, from 15.3% to 19.7%.
What is the long-term trend for Stryker's operating margin?
Over 4 years (2021 to 2025), Stryker's operating margin has grown at a 1.5% compound annual growth rate (CAGR), from 61.3% to 65%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.