SYK financial statements

The full income statement, balance sheet, and cash-flow statement for Stryker Corporation (SYK), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 381.1M2024-09 381.2M2024-12 381.6M2025-03 382.2M2025-06 382.3M2025-09 382.4M2025-12 382.7M2026-03 383.4M2026-06 383.6M+0.7% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	25.1B YoY+11.2%	22.6B YoY+10.2%	20.5B YoY+11.1%	18.4B YoY+7.8%	17.1B YoY+19.2%
	16.1B YoY+11.3%	14.4B YoY+10.6%	13.1B YoY+12.8%	11.6B YoY+5.6%	11.0B YoY+21.1%
Cost of revenue	9.05B YoY+11.0%	8.15B YoY+9.6%	7.44B YoY+8.3%	6.87B YoY+11.9%	6.14B YoY+16.0%
	11.2B YoY+4.0%	10.8B YoY+17.2%	9.17B YoY+5.0%	8.74B YoY+4.2%	8.38B YoY+22.7%
Research & development	1.62B YoY+10.7%	1.47B YoY+5.6%	1.39B YoY-4.5%	1.45B YoY+17.7%	1.24B YoY+25.5%
Selling, general & administrative	8.65B YoY+12.6%	7.68B YoY+8.1%	7.11B YoY+11.4%	6.39B YoY-0.6%	6.43B YoY+19.9%
Amortization of intangibles	732M YoY+17.5%	623M YoY-1.9%	635M YoY+1.3%	627M YoY+1.3%	619M YoY+31.1%
Operating income	4.89B YoY+32.5%	3.69B YoY-5.1%	3.89B YoY+36.9%	2.84B YoY+9.9%	2.58B YoY+16.2%
Interest expense	607M YoY+48.4%	409M YoY+12.7%	363M YoY+7.7%	337M YoY+0.0%	337M YoY+7.0%
Other non-operating income	232M YoY+9.4%	212M YoY+43.2%	148M YoY+193.7%	-158M YoY+47.9%	-303M YoY-12.6%
Pre-tax income	4.51B YoY+29.3%	3.49B YoY-4.9%	3.67B YoY+36.9%	2.68B YoY+17.6%	2.28B YoY+16.7%
Income tax	1.27B YoY+154.1%	499M YoY-1.8%	508M YoY+56.3%	325M YoY+13.2%	287M YoY-19.2%
Net income	3.25B YoY+8.5%	2.99B YoY-5.4%	3.17B YoY+34.2%	2.36B YoY+18.3%	1.99B YoY+24.7%
	$8.40 YoY+8.2%	$7.76 YoY-5.9%	$8.25 YoY+33.7%	$6.17 YoY+18.4%	$5.21 YoY+24.0%
EPS (basic)	$8.49 YoY+8.0%	$7.86 YoY-5.8%	$8.34 YoY+33.9%	$6.23 YoY+17.8%	$5.29 YoY+24.2%
	382M YoY+0.3%	381M YoY+0.4%	380M YoY+0.4%	378M YoY+0.3%	377M YoY+0.4%
	387M YoY+0.2%	386M YoY+0.5%	384M YoY+0.4%	382M YoY-0.0%	382M YoY+0.5%
Dividends per share	$3.36 YoY+5.0%	$3.19 YoY+6.7%	$3.00 YoY+8.0%	$2.77 YoY+10.3%	$2.52 YoY+9.7%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	14.8B YoY-0.6%	14.8B YoY+18.6%	12.5B YoY+21.8%	10.3B YoY+2.6%	10.0B YoY+3.2%
Cash & equivalents	4.01B YoY+9.8%	3.65B YoY+22.9%	2.97B YoY+61.1%	1.84B YoY-37.4%	2.94B YoY+0.0%
Accounts receivable	4.04B YoY+1.3%	3.99B YoY+5.9%	3.77B YoY+5.6%	3.56B YoY+18.0%	3.02B YoY+11.9%
Inventory	5.31B YoY+11.2%	4.77B YoY-1.4%	4.84B YoY+21.2%	4.00B YoY+20.5%	3.31B YoY-5.2%
Prepaid expenses	1.31B YoY-18.0%	1.59B YoY+85.9%	857M YoY+8.9%	787M YoY+18.9%	662M YoY+35.7%
	47.8B YoY+11.3%	43.0B YoY+7.7%	39.9B YoY+8.2%	36.9B YoY+6.5%	34.6B YoY+0.9%
Property, plant & equipment	3.88B YoY+12.4%	3.45B YoY+7.2%	3.21B YoY+8.2%	2.97B YoY+4.8%	2.83B YoY+2.9%
Operating lease right-of-use	519M YoY+0.6%	516M YoY+4.5%	494M YoY+4.4%	473M YoY+12.9%	419M YoY-0.9%
Goodwill	19.3B YoY+21.7%	15.9B YoY+4.0%	15.2B YoY+2.4%	14.9B YoY+15.2%	12.9B YoY+1.1%
Intangible assets	5.68B YoY+29.3%	4.39B YoY-4.3%	4.59B YoY-6.0%	4.88B YoY+0.9%	4.84B YoY-12.9%
Deferred tax assets	1.10B YoY-37.0%	1.74B YoY+4.3%	1.67B YoY+18.4%	1.41B YoY-19.9%	1.76B YoY+15.0%
Other non-current assets	3.14B YoY+17.1%	2.68B YoY+0.4%	2.67B YoY+8.5%	2.46B YoY+8.9%	2.26B YoY+12.6%
	7.79B YoY+2.3%	7.62B YoY-3.9%	7.92B YoY+25.7%	6.30B YoY+38.6%	4.55B YoY-9.8%
Accounts payable	1.80B YoY+7.1%	1.68B YoY+10.7%	1.52B YoY+7.4%	1.41B YoY+25.2%	1.13B YoY+39.4%
Short-term & current debt	1.00B YoY-29.0%	1.41B YoY-32.7%	2.09B YoY+75.8%	1.19B YoY+16914.3%	7.00M YoY-99.1%
Current lease liability	153M YoY+6.3%	144M YoY+0.7%	143M YoY+18.2%	121M YoY+8.0%	112M YoY+2.8%
Other current liabilities	2.65B YoY+16.7%	2.27B YoY+6.0%	2.14B YoY+22.5%	1.74B YoY+19.0%	1.47B YoY-7.6%
	25.4B YoY+13.8%	22.3B YoY+4.8%	21.3B YoY+5.2%	20.3B YoY+2.6%	19.8B YoY-7.0%
Long-term debt	14.9B YoY+21.9%	12.2B YoY+11.8%	10.9B YoY-8.1%	11.9B YoY-4.9%	12.5B YoY-5.7%
Non-current lease liability	348M YoY-8.2%	379M YoY+6.5%	356M YoY-0.3%	357M YoY+15.2%	310M YoY-4.6%
Deferred tax liabilities	137M YoY+67.1%	82.0M YoY+30.2%	63.0M YoY-6.0%	67.0M YoY-1.5%	68.0M YoY-41.9%
Other non-current liabilities	2.37B YoY+8.5%	2.18B YoY+13.2%	1.93B YoY+31.6%	1.47B YoY-19.4%	1.82B YoY-8.3%
	22.4B YoY+8.7%	20.6B YoY+11.0%	18.6B YoY+11.9%	16.6B YoY+11.7%	14.9B YoY+13.7%
Additional paid-in capital	2.60B YoY+10.0%	2.36B YoY+7.3%	2.20B YoY+8.2%	2.03B YoY+7.6%	1.89B YoY+8.6%
Retained earnings	20.5B YoY+10.5%	18.5B YoY+10.5%	16.8B YoY+13.6%	14.8B YoY+9.5%	13.5B YoY+8.2%
Accumulated other comprehensive income	-687M YoY-134.5%	-293M YoY+29.6%	-416M YoY-88.2%	-221M YoY+58.4%	-531M YoY+54.1%
Total equity incl. non-controlling	22.4B YoY+8.7%	20.6B YoY+11.0%	18.6B YoY+11.9%	16.6B YoY+11.7%	14.9B YoY+13.7%
Total liabilities & equity	47.8B YoY+11.3%	43.0B YoY+7.7%	39.9B YoY+8.2%	36.9B YoY+6.5%	34.6B YoY+0.9%
	383M YoY+0.3%	382M YoY+0.3%	380M YoY+0.4%	379M YoY+0.3%	378M YoY+0.4%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.04B YoY+18.9%	4.24B YoY+14.3%	3.71B YoY+41.4%	2.62B YoY-19.6%	3.26B YoY-0.4%
Depreciation & amortization	1.57B YoY+10.1%	1.43B YoY+6.3%	1.34B YoY+4.9%	1.28B YoY+0.5%	1.27B YoY+18.2%
Intangible amortization	732M YoY+17.5%	623M YoY-1.9%	635M YoY+1.3%	627M YoY+1.3%	619M YoY+31.1%
Share-based compensation	243M YoY+6.1%	229M YoY+11.7%	205M YoY+22.0%	168M YoY-1.8%	171M YoY+20.4%
Deferred income taxes	392M YoY+205.9%	-370M YoY-79.6%	-206M YoY-455.2%	58.0M YoY+124.5%	-237M YoY-593.8%
Change in receivables	-127M YoY-139.6%	321M YoY+83.4%	175M YoY-69.8%	579M YoY+53.6%	377M YoY+206.5%
Change in inventory	297M YoY+44.2%	206M YoY-74.2%	797M YoY+4.6%	762M YoY+303.2%	189M YoY+800.0%
	-4.87B YoY-62.2%	-3.00B YoY-211.9%	-962M YoY+67.1%	-2.92B YoY-240.4%	-859M YoY+81.7%
Capital expenditure	761M YoY+0.8%	755M YoY+31.3%	575M YoY-2.2%	588M YoY+12.0%	525M YoY+7.8%
Free cash flow	4.28B YoY+22.8%	3.49B YoY+11.2%	3.14B YoY+54.0%	2.04B YoY-25.6%	2.74B YoY-1.9%
Acquisitions	4.96B YoY+204.7%	1.63B YoY+317.4%	390M YoY-84.8%	2.56B YoY+656.0%	339M YoY-92.0%
Other investing activities	60.0M YoY+145.1%	-133M YoY-4333.3%	-3.00M YoY+92.3%	-39.0M YoY-4000.0%	1.00M YoY+200.0%
	113M YoY+121.5%	-525M YoY+67.1%	-1.59B YoY-112.8%	-749M YoY+68.3%	-2.37B YoY-21400.0%
Long-term debt issued	2.98B YoY-1.1%	3.01B YoY+142.6%	1.24B YoY-17.3%	1.50B YoY+29900.0%	5.00M YoY-99.8%
Long-term debt repaid	1.40B YoY-31.3%	2.04B YoY-0.9%	2.06B YoY+215.2%	653M YoY-43.3%	1.15B YoY-49.9%
Net short-term debt	0.00 YoY+100.0%	-32.0M YoY-105.9%	540M YoY+244.0%	-375M YoY-5257.1%	-7.00M YoY-16.7%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	1.28B YoY+5.3%	1.22B YoY+7.0%	1.14B YoY+8.4%	1.05B YoY+10.6%	950M YoY+10.1%
Other financing activities	-33.0M YoY+35.3%	-51.0M YoY-121.7%	-23.0M YoY+52.1%	-48.0M YoY+67.6%	-148M YoY-448.1%
FX effect on cash	68.0M YoY+288.9%	-36.0M YoY-28.6%	-28.0M YoY+45.1%	-51.0M YoY-34.2%	-38.0M YoY-192.7%
Net change in cash	359M YoY-47.3%	681M YoY-39.6%	1.13B YoY+202.5%	-1.10B YoY-110100.0%	1.00M YoY+100.1%
Interest paid	582M YoY+47.0%	396M YoY+11.2%	356M YoY+9.9%	324M YoY-0.3%	325M YoY+6.9%
Income taxes paid	1.00B YoY+1.3%	989M YoY+42.7%	693M YoY+37.2%	505M YoY-18.8%	622M YoY+92.6%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	135B YoY-2.1%	137B YoY+20.8%	114B YoY+23.0%	92.5B YoY-8.4%	101B YoY+9.5%
P/E	41.4× YoY-9.7%	45.9× YoY+4.3%	44.0× YoY+16.9%	37.7× YoY-25.6%	50.6× YoY-12.2%
P/S	5.4× YoY-11.9%	6.1× YoY+6.3%	5.7× YoY+11.0%	5.2× YoY-12.6%	5.9× YoY-8.1%
P/B	6.0× YoY-9.9%	6.7× YoY+4.8%	6.4× YoY+13.1%	5.6× YoY-17.2%	6.8× YoY-3.7%
P/FCF	31.4× YoY-20.3%	39.4× YoY-11.1%	44.3× YoY-3.5%	45.9× YoY+24.5%	36.9× YoY+11.6%
	2.4% YoY+10.8%	2.2% YoY-4.1%	2.3% YoY-14.4%	2.7% YoY+34.5%	2.0% YoY+13.9%
	3.2% YoY+25.5%	2.5% YoY+12.4%	2.3% YoY+3.6%	2.2% YoY-19.7%	2.7% YoY-10.4%
	0.95% YoY+7.6%	0.89% YoY-11.3%	1.0% YoY-11.9%	1.1% YoY+20.6%	0.94% YoY+0.5%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: SYK's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SYK filings on SEC EDGAR → Not investment advice.