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Stryker SYK Orthopaedics — Reclassification to: cost of sales

Other segment segments

MedSurg and Neurotechnology:
$1.29B+9.9%

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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
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
Segment research, development and engineering expenses$377$366

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Stryker's orthopaedics — reclassification to: cost of sales?
Stryker (SYK) reported orthopaedics — reclassification to: cost of sales of $823M in Q1 2026.
How has Stryker's orthopaedics — reclassification to: cost of sales changed year-over-year?
Stryker's orthopaedics — reclassification to: cost of sales increased by 6.2% year-over-year, from $775M to $823M.
What is the long-term trend for Stryker's orthopaedics — reclassification to: cost of sales?
Over 3 years (2022 to 2025), Stryker's orthopaedics — reclassification to: cost of sales has grown at a 12.3% compound annual growth rate (CAGR), from $1.92B to $2.72B.
What does orthopaedics — reclassification to: cost of sales mean?
This represents specific costs previously categorized elsewhere that have been reclassified into the cost of goods sold for the Orthopaedics business segment. It reflects adjustments in accounting treatment to better align direct production or service delivery expenses with revenue generation. Monitoring this helps investors understand shifts in gross margin reporting and the underlying cost structure of orthopedic product manufacturing.

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