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Stryker SYK Medical — Net Sales

Other product segments

Trauma and Extremities
$1.04B+9.5%
Instruments
$920M+9.8%
Endoscopy
$868M+0.1%
Knees
$670M+4.9%
Ortho Tech
$646M
Vascular
$517M+27.3%
Hips
$460M+3.8%
Spine
$8M-95.7%

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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.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Stryker’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 11:10 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000310764-26-000031
Net Sales by BusinessThree Months / 2026Three Months / 2025
MedSurg and Neurotechnology:
Instruments$920$838
Endoscopy868867
Medical902945
Vascular517406
$3,207$3,056
Orthopaedics:
Knees$670$639

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Stryker's medical — net sales?
Stryker (SYK) reported medical — net sales of $902M in Q1 2026.
How has Stryker's medical — net sales changed year-over-year?
Stryker's medical — net sales decreased by 4.6% year-over-year, from $945M to $902M.
What is the long-term trend for Stryker's medical — net sales?
Over 4 years (2021 to 2025), Stryker's medical — net sales has grown at a 12.7% compound annual growth rate (CAGR), from $2.61B to $4.2B.
What does medical — net sales mean?
This metric represents the total revenue generated from the sale of medical equipment, instruments, and consumable supplies within the company's Medical segment. It captures the financial performance of core hospital-based products, including operating room equipment and patient handling devices. This segment is a primary driver of recurring revenue and reflects the company's market penetration in hospital infrastructure and clinical support tools.

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