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Stryker SYK Operating margin

Operating margin at other companies

Baxter International logo
Baxter InternationalBAX
-2.7%
Johnson & Johnson logo
Johnson & JohnsonJNJ
26.5%+2.8pp
Axogen logo
AxogenAXGN
-5.1%
CONMED logo
CONMEDCNMD
8%-5.0pp
Merit Medical Systems logo
Merit Medical SystemsMMSI
12.2%+0.6pp
Orthofix Medical Inc. logo
Orthofix Medical Inc.OFIX
-5.8%-2.1pp

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
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

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 operating margin?
Stryker (SYK) reported operating margin of 21.4% in Q2 2026.
How has Stryker's operating margin changed year-over-year?
Stryker's operating margin increased by 41.1% year-over-year, from 15.2% to 21.4%.
What is the long-term trend for Stryker's operating margin?
Over 5 years (2020 to 2025), Stryker's operating margin has grown at a 4.7% compound annual growth rate (CAGR), from 15.5% to 19.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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