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Stryker SYK MedSurg and Neurotechnology: — Reclassification to: cost of sales

Other segment segments

Orthopaedics
$775M

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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$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:CostOfRevenue.

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
Segment ResultsThree Months / 2026Three Months / 2025
MedSurg and Neurotechnology$3,207$3,056
Orthopaedics2,8132,810
Net sales$6,020$5,866
MedSurg and Neurotechnology$1,291$1,175
Orthopaedics823775
Cost of sales$2,114$1,950
MedSurg and Neurotechnology$231$208
Orthopaedics146158

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Stryker's medsurg and neurotechnology: — reclassification to: cost of sales?
Stryker (SYK) reported medsurg and neurotechnology: — reclassification to: cost of sales of $1.29B in Q1 2026.
How has Stryker's medsurg and neurotechnology: — reclassification to: cost of sales changed year-over-year?
Stryker's medsurg and neurotechnology: — reclassification to: cost of sales increased by 9.9% year-over-year, from $1.18B to $1.29B.
What is the long-term trend for Stryker's medsurg and neurotechnology: — reclassification to: cost of sales?
Over 3 years (2022 to 2025), Stryker's medsurg and neurotechnology: — reclassification to: cost of sales has grown at a 7.2% compound annual growth rate (CAGR), from $4.64B to $5.71B.
What does medsurg and neurotechnology: — reclassification to: cost of sales mean?
Captures specific expenses or costs previously categorized elsewhere that have been reallocated to the cost of sales for the MedSurg and Neurotechnology segment. This adjustment ensures that the direct costs of manufacturing and delivering products are accurately reflected in the gross margin calculation. It provides transparency into the true cost structure of the segment's revenue generation.

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