Dashboard|SYK – Overview

SYK

STRYKER CORP

Healthcare • CIK: 0000310764

Market Cap

$141.18B

P/E (TTM)

47.9x

Rev Growth (TTM)

+11.0%

Net Margin (TTM)

12.1%

FCF Yield (TTM)

2.9%

FCF Margin (TTM)

16.7%

LATEST EARNINGS

•

Q4 FY2025

•

15 days ago

•View source

Revenue

—

Net Income

—

EPS

—

•Reported net sales increased 11.4% to $7.2 billion in Q4 and 11.2% to $25.1 billion for the full year.
•Organic net sales increased 11.0% in Q4 and 10.3% for the full year, driven by unit volume.
•Adjusted operating income margin increased 100 bps to 30.2% in Q4 and 26.3% for the full year.
•Adjusted EPS increased 11.5% to $4.47 in Q4 and 11.8% to $13.63 for the full year.

View Full Earnings →

Cash Flow Health

Free Cash Flow8/8 positive

TTM$4.1B

Q3 '25

$1.4B+46%

Q2 '25

$928M+631%

FCF Margin

TTM16.7%

Q3 '2522.3%+45%

Sector: 5.8%Top 25%

OCF Margin19.8%

OCF/NI1.64x

CapEx Coverage6.4x

FCF Yield2.9%

FCF Growth (2Y)+26%

Cash Conversion Cycle

272 days

DSO: 58+DIO: 213−DPO: 0

View Insights from Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Growth Focused

Total Shareholder YieldEst.

Est.0.9%

Div Yield0.9%

Est. Buyback1.2%

Prioritizing reinvestment over distributions

Dividend & Payout Metrics

Dividend Yield (TTM)0.9%

FCF Payout Ratio31.5%

Free Cash Flow (TTM)$4.1B

Capital Return / FCF31.1%

Est. Dividends Paid (TTM)$1.3B

Estimated: Buyback data estimated from FCF. Actual repurchase data not available for this company.

Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM

9.6%

Stable

-0.3% YoY-5.1%

P25MedianP75

75th pctl (med: 0.1%)

DuPont BreakdownROIC = Margin × Turn × (1+D/E)

NOPAT Margin

13.3%

8Q: 15.8%

Asset Turnover

0.54x

8Q: 0.53x

Leverage (1+D/E)

–

Asset & CapEx Efficiency

Fixed Asset Turn

6.84x

8Q:6.63x

-30.5%

Invested Cap Turn

0.72x

8Q:0.73x

-11.7%

CapEx Intensity

2.2%

8Q:2.1%

CapEx/Depreciation

0.51x

Asset-based ROIC formula

Full Analysis

QUARTERLY TRENDS

Last 8 quarters + TTM

Metric	TTM	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023
Revenue	$24.4B	$6.1B↑0.6%	$6.0B↑2.7%	$5.9B↓8.9%	$6.4B↑17.1%	$5.5B↑1.3%	$5.4B↑3.4%	$5.2B↓9.8%	$5.8B
Operating Income	$3.7B	$1.1B↑2.0%	$1.1B↑33.0%	$837.0M↑44.1%	$581.0M↓46.5%	$1.1B↑3.2%	$1.1B↑8.1%	$972.0M↓22.7%	$1.3B
Net Income	$2.9B	$859.0M↓2.8%	$884.0M↑35.2%	$654.0M↑19.8%	$546.0M↓34.5%	$834.0M↑1.1%	$825.0M↑4.7%	$788.0M↓31.1%	$1.1B
Operating Cash Flow	$4.8B	$1.5B↑38.6%	$1.1B↑344.4%	$250.0M↓87.1%	$1.9B↑31.0%	$1.5B↑132.9%	$633.0M↑210.3%	$204.0M↓86.6%	$1.5B
Free Cash Flow	$4.1B	$1.4B↑45.8%	$928.0M↑630.7%	$127.0M↓92.4%	$1.7B↑27.7%	$1.3B↑171.1%	$481.0M↑1200.0%	$37.0M↓97.3%	$1.4B
Total Equity	N/A

Income Statement Cash Flow Statement Balance Sheet

Valuation Analysis

Fair Value

Price-to-EarningsTTM

47.9x

Volatile

8Q: 168.1x+5922%

Multiple expansion without fundamental improvement

High PEG ratio (4.4x) suggests expensive for growth

Valuation Lenses

Earnings

47.9x

vs – sector

Cash Flow

3.1x

EV/FCF vs –

Growth-Adj

4.4xPEG

Expensive for growth

Quality-Adj

5.0P/E per %ROIC

ROIC: 9.6%

Shareholder Returns

Dividend

0.9%

Buyback

–

Total Yield

0.9%

Market Cap$141.18B

EV–

Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score

75/100

High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)

–

8Q:–

Return on Invested Capital (ROIC)Top 25%

9.6%

8Q:–

-5.1%

vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 13.3%

Asset Turnover: 0.54x

Earnings Quality

Cash Conversion

1.64x

OCF / Net Income ✓

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin64.0%

Capital Efficiency

Invested Capital Turnover0.72x

Working Capital

Cash Conversion Cycle272 days

Growth Quality & Momentum

Moderate Growth

Growth Quality Score

71/100

Growth 40%

Margins 30%

FCF 20%

Consistency 10%

Growth Rates

Revenue Growth YoY

11.0%

OpInc Growth YoY

4.6%

EPS Growth YoY

-18.4%

FCF 3Y CAGR

26.4%

Growth Quality Analysis

✓Efficient Growth: Free cash flow growing faster than revenue

✓Sustainability Index: 7.5/10 - Highly sustainable growth

Margin Quality & Sustainability

Low Quality

Profitability Cascade

Gross

64.0%

Operating

15.0%

Above Avg in sector

Net

12.1%

Margins Unknown

Earnings Quality Signals

SBC / Revenue

—

FCF vs Net Gap

+4.6 pts

FCF: 16.7% | Net: 12.1%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Net Debt / EBITDA

–Net Debt: $13.25B

Interest Coverage

–

Leverage Metrics

Debt-to-Equity

–x

Balance sheet risk & solvency analysis