What is Stryker's orthopaedics — goodwill?

Stryker (SYK) reported orthopaedics — goodwill of $7.24B in Q1 2026.

What does orthopaedics — goodwill mean?

This metric represents the intangible asset value recorded when the cost of acquiring orthopaedic or spine-related businesses exceeds the fair value of their identifiable net assets. It reflects the premium paid for expected future synergies, brand reputation, and market positioning within the orthopaedic segment. Changes in this balance often result from new acquisitions or periodic impairment testing.

Stryker (SYK) Orthopaedics — Goodwill

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Other segment segments

MedSurg and Neurotechnology:

$11.95B—

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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/S5×-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

See full

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:Goodwill.

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 item	Med Surg and Neurotechnology	Orthopaedics	Total
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 orthopaedics — goodwill?: Stryker (SYK) reported orthopaedics — goodwill of $7.24B in Q1 2026.
What does orthopaedics — goodwill mean?: This metric represents the intangible asset value recorded when the cost of acquiring orthopaedic or spine-related businesses exceeds the fair value of their identifiable net assets. It reflects the premium paid for expected future synergies, brand reputation, and market positioning within the orthopaedic segment. Changes in this balance often result from new acquisitions or periodic impairment testing.