SYK · NYSE · Medical - Devices

Stryker (SYK)

Pairs orthopaedic implants with Mako robotics, surgical equipment and vascular devices.

$276.05
vs last close+1.86 (+0.68%)
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Stryker CorporationSYK
Health Care

Sells orthopaedic implants, Mako robotic systems, surgical instruments, endoscopy equipment, hospital-care technology, neurocranial devices and vascular tools across Orthopaedics and MedSurg and Neurotechnology. Most revenue comes from U.S. hospitals and clinicians, with implants paired to the instruments, navigation and robotics used in procedures.

Runs Orthopaedics and MedSurg and Neurotechnology businesses spanning implants, procedure technology and hospital equipment. Orthopaedics covers knees, hips, trauma and extremities; Ortho Tech groups Mako robotics and enabling technologies with power tools and cutting accessories.

MedSurg and Neurotechnology includes surgical instruments and navigation, endoscopy, patient handling, emergency and intensive-care products, clinical communications and virtual-care software, neurocranial devices, and vascular tools for stroke and venous thromboembolism. Inari broadened clot-removal offerings, while the spinal-implant business was sold.

Pairs implants with the instruments, planning software and robotic systems used in procedures, while most products are marketed directly to hospitals and clinicians. The United States supplies most sales, with additional business across Europe, the Middle East, Africa and Asia-Pacific. Product launches depend on regulatory review, while reimbursement and healthcare cost-containment measures shape adoption and pricing.

Company facts

CEOKevin A. Lobo
ListedMay 2, 1979
ExchangeNYSE
HeadquartersPortage, MI
CountryUnited States
Employees56,000
CIK0000310764
ISINUS8636671013

Market cap$105.11B
EPS (ttm)$9.65
P/E (ttm)28.41
ROE16.4%
P/B4.38
P/S4.07
Dividend yieldDiv yield1.27%
Beta0.18vs XLV 1.07

Price target$372.50+35.9%Average of 52 analysts
ConsensusBuy38 of 52 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 18, 2026Canaccord GenuityReiterate
Rating: Target: $400
Rating: BuyTarget: $385
Sep 9, 2026BMO CapitalReiterate
Rating: Target: $369
Rating: OutperformTarget: $317
Sep 9, 2026Wells FargoReiterate
Rating: Target: $286
Rating: OverweightTarget: $348
Aug 13, 2026Wolfe ResearchDowngrade
Rating: Buy
Rating: Peer Perform
Jul 31, 2026RBC CapitalReiterate
Rating: Target: $435
Rating: OutperformTarget: $420

Next report
Oct 29, 26
in 37 days
EPS estimate
$3.58
Revenue estimate
$6.65B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25May '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$4.01$2.84$3.13$3.19$4.47$2.60$3.69Pending
Estimate$3.87$2.71$3.07$3.13$4.40$2.98$3.49$3.58
Surprise+3.6%+4.8%+2.0%+1.9%+1.6%−12.8%+5.7%

RevenueReportedEstimate

Jan '25May '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$6.44B$5.87B$6.02B$6.06B$7.17B$6.02B$6.59BPending
Estimate$6.36B$5.69B$5.94B$6.04B$7.12B$6.34B$6.58B$6.65B
Surprise+1.2%+3.1%+1.4%+0.2%+0.7%−5.0%+0.1%
Estimate$3.58
ReportedDue Oct 29, 2026
Estimate$6.65B
ReportedDue Oct 29, 2026
View details

Debt to equity62.30%
Current ratio215.70%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$5.49B$6.44B$5.87B$6.02B$6.06B$7.17B$6.02B$6.59B
Net income$834.0M$546.0M$654.0M$884.0M$859.0M$849.0M$745.0M$1.28B
Net margin15.2%8.5%11.1%14.7%14.2%11.8%12.4%19.4%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$1.21B$1.66B$1.18B$1.36B$1.14B$1.96B$936.0M$1.66B
YoY growth+21.9%+16.7%+17.5%+17.5%−6.0%+17.9%−20.6%+21.9%

Balance sheet, Jun 30, 2026Cash & short-term investments $3.48B · Total debt $14.94B · Total assets $47.93B · Shareholders' equity $23.99B

Revenue
$6.59B
Operating income
$1.66B
Net income
$1.28B
View details

Dividend yield
1.27%
Next ex-date
Sep 30, 26
in 8 days
Annual dividend
$3.48
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.84$0.84$0.84$0.84$0.88$0.88$0.88$0.88
Annual yield0.90%0.88%0.84%0.91%0.97%1.05%1.11%1.28%
Ex-dateDec 31Mar 31Jun 30Sep 30Dec 31Mar 31Jun 30Sep 30
Payment dateJan 31Apr 30Jul 31Oct 31Jan 30Apr 30Jul 31Oct 30
View details

Institutions80.79%309.89M shares
2,330 holders · as of Jun 30, 2026
Insiders5.38%20.63M shares
25 holders · as of Sep 8, 2026
Other13.83%53.05M shares
remainder

383.57M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
7.15%27.41Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
5.88%22.54Mas of Jun 30, 2026
John W. BrownInsider
5.23%20.06Mfiled Feb 9, 2021
JPMorgan Chase & CoInstitution
4.50%17.26Mas of Jun 30, 2026
State Street CorpInstitution
4.05%15.53Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Nov 22, 2022Mary K. Brainerddirector+18$225.20
Jun 12, 2020Mary K. Brainerddirector+3$185.65
May 12, 2020Mary K. Brainerddirector+36$193.21
Sep 12, 2019Mary K. Brainerddirector+11$221.03
Jun 26, 2019Mary K. Brainerddirector+63$202.21
View details

  • Johnson & Johnson

    Broadest rival: ortho implants, Velys robotics, instruments, neurovascular.

  • Zimmer Biomet

    Pure-play ortho implants and ROSA robotics — head-to-head in knees and hips.

  • Medtronic

    Broad rival: instruments, spine robotics, neurovascular, and patient monitoring.

  • Smith & Nephew (ADR)

    Ortho implants, CORI robotics, sports medicine — named rival in two segments.

  • Boston Scientific

    Vascular rival; Penumbra deal creates head-to-head contest with Inari in VTE.

  • Globus Medical

    Spine implants and ExcelsiusGPS robotics — #2 global spine rival to K2M.

Compare

CompanyPriceChange
Stryker$276.05+0.68%$105.11B28.417.24.1+9.4%
Johnson & Johnson$267.30−0.81%$649.40B31.222.56.6+6.6%
Zimmer Biomet$94.52+0.21%$18.25B22.910.82.1+4.8%
Medtronic$91.47−0.31%$117.44B22.615.23.1+13.7%
Smith & Nephew (ADR)$27.64−0.18%$11.63B19.01.8+4.6%
Boston Scientific$44.60+2.01%$64.98B17.813.63.1+7.5%
Globus Medical$74.77+0.65%$10.02B19.114.63.2+5.9%
Median20.814.63.1+6.3%