Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Stryker Corporation

SYK stock analysis · Health Care · Health Care Equipment

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$314.84HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$120.8B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Reviewed debt balance

Reviewed consolidated balance-sheet debt: current debt 1000000000 plus noncurrent debt 14859000000, in USD. Includes current borrowings/current maturities already reported in the current debt line; current borrowings are included once in the capital calculation. Uses debt carrying amounts as presented, including financing leases only where included by the issuer; excludes operating leases and trade/insurance liabilities. This is a book-capital proxy, not fair value or a claim that every other liability is financing debt. Applies only to this reviewed fiscal period. Read the financial statement ↗

Valuation

DCF value

$169.60

Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · -46.1% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

20.5%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-31.7%

14 industry peers · median 25.4×

How this is calculated ↗
Valuation

Historical multiples

44.9×

7 annual observations · snapshot P/E 37.2× · -17.2% versus history

How this is calculated ↗
Valuation

Free cash flow yield

3.5%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

11.9%

Normalized tax · financing-capital proxy

How this is calculated ↗
Valuation

Value composite

Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

11.3%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-4.0%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

5.2%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 5B2020-12-31: cfo $3,277,000,000.002020-12-31: capex $487,000,000.0020202021-12-31: cfo $3,263,000,000.002021-12-31: capex $525,000,000.0020212022-12-31: cfo $2,624,000,000.002022-12-31: capex $588,000,000.0020222023-12-31: cfo $3,711,000,000.002023-12-31: capex $575,000,000.0020232024-12-31: cfo $4,242,000,000.002024-12-31: capex $755,000,000.0020242025-12-31: cfo $5,044,000,000.002025-12-31: capex $761,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$212.72$232.10$252.94
10.0%$155.88$169.60$184.32
12.0%$122.98$133.44$144.66

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3125.1B3.2B5B761M47.8B
2024-12-3122.6B3B4.2B755M43B
2023-12-3120.5B3.2B3.7B575M39.9B
2022-12-3118.4B2.4B2.6B588M36.9B
2021-12-3117.1B2B3.3B525M34.6B
2020-12-3114.4B1.6B3.3B487M34.3B
2019-12-3114.9B2.1B2.2B649M30.2B
2018-12-3113.6B3.6B2.6B572M27.2B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue25.1BRevenues2026-02-11
netIncome3.2BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-11
Parent/common earnings proxy3.2BNetIncomeLoss2026-02-11
cfo5BNetCashProvidedByUsedInOperatingActivities2026-02-11
capex761MPaymentsToAcquirePropertyPlantAndEquipment2026-02-11
operatingIncome4.9BOperatingIncomeLoss2026-02-11
assets47.8BAssets2026-02-11
equity22.4BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-11
Parent book equity proxyNot reported under a supported tag
debt15.9BReviewed manual correction
Reviewed consolidated balance-sheet debt: current debt 1000000000 plus noncurrent debt 14859000000, in USD. Includes current borrowings/current maturities already reported in the current debt line; current borrowings are included once in the capital calculation. Uses debt carrying amounts as presented, including financing leases only where included by the issuer; excludes operating leases and trade/insurance liabilities. This is a book-capital proxy, not fair value or a claim that every other liability is financing debt. Applies only to this reviewed fiscal period.
2026-02-11
shortDebtNot reported under a supported tag
cash4BCashAndCashEquivalentsAtCarryingValue2026-02-11
shares386.5MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-11
dividends1.3BPaymentsOfDividends2026-02-11
buybacksNot reported under a supported tag
issuanceNot reported under a supported tag