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Stryker SYK Orthopaedics — Research, development and engineering expenses

Other segment segments

MedSurg and Neurotechnology:
$231M+11.1%

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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:ResearchAndDevelopmentExpense.

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
Orthopaedics823775
Cost of sales$2,114$1,950
MedSurg and Neurotechnology$231$208
Orthopaedics146158
Segment research, development and engineering expenses$377$366
MedSurg and Neurotechnology$930$859
Orthopaedics880925
Segment selling, general and administrative expenses$1,810$1,784

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Stryker's orthopaedics — research, development and engineering expenses?
Stryker (SYK) reported orthopaedics — research, development and engineering expenses of $146M in Q1 2026.
How has Stryker's orthopaedics — research, development and engineering expenses changed year-over-year?
Stryker's orthopaedics — research, development and engineering expenses decreased by 7.6% year-over-year, from $158M to $146M.
What is the long-term trend for Stryker's orthopaedics — research, development and engineering expenses?
Over 3 years (2022 to 2025), Stryker's orthopaedics — research, development and engineering expenses has grown at a 4.4% compound annual growth rate (CAGR), from $477M to $542M.
What does orthopaedics — research, development and engineering expenses mean?
These are the costs incurred by the Orthopaedics segment to research, design, and develop new medical devices, implants, and surgical technologies. This investment is critical for maintaining market leadership in reconstructive orthopedics and driving future product innovation. High levels of spending indicate a commitment to long-term growth through a robust product pipeline.

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