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Stryker SYK MedSurg and Neurotechnology — Foreign exchange and other

Other segment segments

Orthopaedics
-$10M-145%

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TEXES — Foreign exchange effect and other
$0+100%
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TEXMP — Foreign exchange effect and other
-$3M-200%
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GEHCPCS — Foreign currency exchange and other
-$1M-125%

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$129.28B-9.8%
Enterprise value$140.08B-11.2%
P/E34.7×-14.5×
P/S-1.0×

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:GoodwillForeignCurrencyTranslationGainLoss.

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
Line itemMed Surg and NeurotechnologyOrthopaedicsTotal
December 31, 2025$12,556$6,735$19,291
Reallocation of goodwill(518)518
Additions and adjustments(74)(74)
Foreign exchange and other(19)(10)(29)
March 31, 2026$11,945$7,243$19,188

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Stryker's medsurg and neurotechnology — foreign exchange and other?
Stryker (SYK) reported medsurg and neurotechnology — foreign exchange and other of -$19M in Q1 2026.
How has Stryker's medsurg and neurotechnology — foreign exchange and other changed year-over-year?
Stryker's medsurg and neurotechnology — foreign exchange and other decreased by 204.1% year-over-year, from $18.25M to -$19M.
What is the long-term trend for Stryker's medsurg and neurotechnology — foreign exchange and other?
Over 4 years (2021 to 2025), Stryker's medsurg and neurotechnology — foreign exchange and other has grown at a 53.9% compound annual growth rate (CAGR), from -$13M to $73M.
What does medsurg and neurotechnology — foreign exchange and other mean?
This metric quantifies the impact of currency fluctuations and miscellaneous non-operational factors on the MedSurg and Neurotechnology segment's financial results. It isolates the variance in revenue or earnings caused by changes in exchange rates between the reporting currency and the currencies of international markets where the segment operates. Monitoring this helps distinguish between organic business growth and gains or losses driven by global macroeconomic volatility.

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