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Stryker (SYK) Financials

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Annual Income Statements for Stryker

Annual Income Statements for Stryker

This table shows Stryker's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 1,439 1,647 1,020 3,553 2,083 1,599 1,994 2,358 3,165 2,993
Consolidated Net Income / (Loss)		 1,439 1,647 1,020 3,553 2,083 1,599 1,994 2,358 3,165 2,993
Net Income / (Loss) Continuing Operations		 1,439 1,647 1,020 3,553 2,083 1,599 1,994 2,358 3,165 2,993
Total Pre-Tax Income 		1,735 1,921 2,063 2,356 2,562 1,954 2,281 2,683 3,673 3,492
Total Operating Income		 1,861 2,175 2,297 2,537 2,713 2,223 2,584 2,841 3,888 3,689
Total Gross Profit		 6,602 7,504 8,180 8,938 9,696 9,057 10,968 11,578 13,058 14,440
Total Revenue		 9,946 11,325 12,444 13,601 14,884 14,351 17,108 18,449 20,498 22,595
Operating Revenue		 9,946 11,325 12,444 13,601 14,884 14,351 17,108 18,449 20,498 22,595
Total Cost of Revenue		 3,344 3,821 4,264 4,663 5,188 5,294 6,140 6,871 7,440 8,155
Operating Cost of Revenue		 3,344 3,821 4,264 4,663 5,188 5,294 6,140 6,871 7,440 8,155
Total Operating Expenses		 4,741 5,329 5,883 6,401 6,983 6,834 8,384 8,737 9,170 10,751
Selling, General & Admin Expense		 3,610 4,137 4,552 5,099 5,356 5,361 6,427 6,386 7,111 7,685
Research & Development Expense		 625 715 787 862 971 984 1,235 1,454 1,388 1,466
Amortization Expense		 210 319 371 417 464 472 619 627 635 623
Impairment Charge		 - - - - - 0.00 0.00 270 36 977
Total Other Income / (Expense), net		 -126 -254 -234 -181 -151 -269 -303 -158 -215 -197
Other Income / (Expense), net		 -126 -254 -234 -181 -151 -269 -303 -158 -215 -197
Income Tax Expense		 296 274 1,043 -1,197 479 355 287 325 508 499
Basic Earnings per Share		 $3.82 $4.40 $2.73 $9.50 $5.57 $4.26 $5.29 $6.23 $8.34 $7.86
Weighted Average Basic Shares Outstanding		 376.60M 374.10M 374M 374.10M 374M 375.50M 377M 378.20M 379.60M 381M
Diluted Earnings per Share		 $3.78 $4.35 $2.68 $9.34 $5.48 $4.20 $5.21 $6.17 $8.25 $7.76
Weighted Average Diluted Shares Outstanding		 380.90M 378.50M 380.10M 380.30M 379.90M 380.30M 382.30M 382.20M 383.70M 385.60M
Weighted Average Basic & Diluted Shares Outstanding		 376.70M 374.30M 373.60M 374M 374.58M 376.20M 377.54M 378.83M 380.26M 381.58M
Cash Dividends to Common per Share		 $1.42 $1.57 $1.75 $1.93 $2.14 $2.36 $2.59 $2.84 $3.05 $3.24

Quarterly Income Statements for Stryker

This table shows Stryker's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 816 563 592 738 692 1,143 788 825 834 546
Consolidated Net Income / (Loss)		 816 563 592 738 692 1,143 788 825 834 546
Net Income / (Loss) Continuing Operations		 816 563 592 738 692 1,143 788 825 834 546
Total Pre-Tax Income 		816 761 679 899 869 1,226 923 998 1,043 528
Total Operating Income		 808 814 735 965 931 1,257 972 1,051 1,085 581
Total Gross Profit		 2,782 3,236 3,016 3,181 3,158 3,703 3,333 3,416 3,517 4,174
Total Revenue		 4,479 5,202 4,778 4,996 4,909 5,815 5,243 5,422 5,494 6,436
Operating Revenue		 4,479 5,202 4,778 4,996 4,909 5,815 5,243 5,422 5,494 6,436
Total Cost of Revenue		 1,697 1,966 1,762 1,815 1,751 2,112 1,910 2,006 1,977 2,262
Operating Cost of Revenue		 1,697 1,966 1,762 1,815 1,751 2,112 1,910 2,006 1,977 2,262
Total Operating Expenses		 1,974 2,422 2,281 2,216 2,227 2,446 2,361 2,365 2,432 3,593
Selling, General & Admin Expense		 1,455 1,682 1,781 1,709 1,710 1,911 1,840 1,847 1,896 2,102
Research & Development Expense		 364 326 339 346 353 350 368 363 377 358
Amortization Expense		 159 158 161 161 164 149 153 155 159 156
Total Other Income / (Expense), net		 8.00 -53 -56 -66 -62 -31 -49 -53 -42 -53
Other Income / (Expense), net		 8.00 -53 -56 -66 -62 -31 -49 -53 -42 -53
Income Tax Expense		 0.00 198 87 161 177 83 135 173 209 -18
Basic Earnings per Share		 $2.16 $1.48 $1.56 $1.95 $1.82 $3.01 $2.07 $2.17 $2.18 $1.44
Weighted Average Basic Shares Outstanding		 378.40M 378.20M 379M 379.70M 379.80M 379.60M 380.40M 381M 381.10M 381M
Diluted Earnings per Share		 $2.14 $1.47 $1.54 $1.93 $1.80 $2.98 $2.05 $2.14 $2.16 $1.41
Weighted Average Diluted Shares Outstanding		 381.80M 382.20M 383.20M 383.90M 384M 383.70M 385.10M 385.40M 385.60M 385.60M
Weighted Average Basic & Diluted Shares Outstanding		 378.43M 378.83M 379.61M 379.78M 379.89M 380.26M 380.95M 381.08M 381.22M 381.58M

Annual Cash Flow Statements for Stryker

This table details how cash moves in and out of Stryker's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 1,584 -63 -774 1,082 721 -1,394 1.00 -1,100 1,127 681
Net Cash From Operating Activities		 981 1,915 1,559 2,610 2,191 3,277 3,263 2,624 3,711 4,242
Net Cash From Continuing Operating Activities		 981 1,915 1,559 2,610 2,191 3,277 3,263 2,624 3,711 4,242
Net Income / (Loss) Continuing Operations		 1,439 1,647 1,020 3,553 2,083 1,599 1,994 2,358 3,165 2,993
Consolidated Net Income / (Loss)		 1,439 1,647 1,020 3,553 2,083 1,599 1,994 2,358 3,165 2,993
Depreciation Expense		 187 227 271 306 314 340 371 371 393 427
Amortization Expense		 210 319 371 417 464 472 619 627 635 623
Non-Cash Adjustments To Reconcile Net Income		 -764 101 -218 82 225 405 583 450 241 1,252
Changes in Operating Assets and Liabilities, net		 -91 -379 115 -1,748 -895 461 -304 -1,182 -723 -1,053
Net Cash From Investing Activities		 1,956 -4,191 -1,613 -2,857 -1,455 -4,701 -859 -2,924 -962 -3,000
Net Cash From Continuing Investing Activities		 1,956 -4,191 -1,613 -2,857 -1,455 -4,701 -859 -2,924 -962 -3,000
Purchase of Property, Plant & Equipment		 -270 -490 -598 -572 -649 -487 -525 -588 -575 -755
Acquisitions		 -153 -4,332 -831 -2,451 -802 -4,222 -339 -2,563 -390 -1,628
Purchase of Investments		 -1,715 -151 -270 -226 -74 -54 -49 -52 -52 -808
Sale and/or Maturity of Investments		 4,094 785 87 394 69 61 55 240 54 148
Other Investing Activities, net		 0.00 -3.00 -1.00 -2.00 1.00 1.00 -1.00 39 1.00 43
Net Cash From Financing Activities		 -1,223 2,258 -794 1,329 3.00 -11 -2,365 -749 -1,594 -525
Net Cash From Continuing Financing Activities		 -1,223 2,258 -794 1,329 3.00 -11 -2,365 -749 -1,594 -525
Repayment of Debt		 -2,266 -756 -233 -670 -1,349 -2,330 -1,306 -1,076 -1,541 -2,122
Payment of Dividends		 -521 -568 -735 -717 -778 -863 -950 -1,051 -1,139 -1,219
Issuance of Debt		 2,320 3,662 499 3,136 2,573 3,292 5.00 1,500 1,241 3,011
Other Financing Activities, net		 -56 -67 -95 -120 -136 -110 -114 -122 -155 -195
Effect of Exchange Rate Changes		 -130 -45 74 - -18 41 -38 -51 -28 -36
Cash Interest Paid		 101 180 231 248 286 304 325 324 356 396
Cash Income Taxes Paid		 497 510 312 539 457 323 622 505 693 989

Quarterly Cash Flow Statements for Stryker

This table details how cash moves in and out of Stryker's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 376 424 -173 -270 459 1,111 -641 -456 1,976 -198
Net Cash From Operating Activities		 889 1,003 445 688 1,050 1,528 204 633 1,474 1,931
Net Cash From Continuing Operating Activities		 889 1,003 445 688 1,050 1,528 204 633 1,474 1,931
Net Income / (Loss) Continuing Operations		 816 563 592 738 692 1,143 788 825 834 546
Consolidated Net Income / (Loss)		 816 563 592 738 692 1,143 788 825 834 546
Depreciation Expense		 91 95 96 98 98 101 107 103 109 108
Amortization Expense		 159 158 161 161 164 149 153 155 159 156
Non-Cash Adjustments To Reconcile Net Income		 40 292 76 40 61 64 90 71 82 1,009
Changes in Operating Assets and Liabilities, net		 -217 -105 -480 -349 35 71 -934 -521 290 112
Net Cash From Investing Activities		 72 -162 -132 -533 -145 -152 -408 -117 -2,172 -303
Net Cash From Continuing Investing Activities		 72 -162 -132 -533 -145 -152 -408 -117 -2,172 -303
Purchase of Property, Plant & Equipment		 -138 -188 -130 -152 -148 -145 -167 -152 -170 -266
Acquisitions		 - - 0.00 -390 - - -246 -88 -1,264 -30
Purchase of Investments		 -5.00 -9.00 -28 -7.00 -6.00 -11 -18 -14 -759 -17
Sale and/or Maturity of Investments		 208 3.00 25 17 7.00 5.00 23 107 9.00 9.00
Other Investing Activities, net		 - 32 1.00 -1.00 2.00 -1.00 0.00 30 12 1.00
Net Cash From Financing Activities		 -543 -446 -481 -405 -422 -286 -418 -966 2,653 -1,794
Net Cash From Continuing Financing Activities		 -543 -446 -481 -405 -422 -286 -418 -966 2,653 -1,794
Repayment of Debt		 -275 -150 -101 -101 -671 -668 0.00 -648 -34 -1,440
Payment of Dividends		 -263 -263 -284 -285 -285 -285 -304 -305 -305 -305
Other Financing Activities, net		 -5.00 -33 -94 -17 -10 -34 -113 -14 -19 -49
Effect of Exchange Rate Changes		 -42 29 - - - - - - - -32

Annual Balance Sheets for Stryker

This table presents Stryker's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets		 16,223 20,435 22,197 27,229 30,167 34,330 34,631 36,884 39,912 42,971
Total Current Assets		 7,943 7,861 7,993 9,733 11,058 9,707 10,017 10,275 12,518 14,847
Cash & Equivalents		 3,379 3,316 2,542 3,616 4,337 2,943 2,944 1,844 2,971 3,652
Short-Term Investments		 700 68 251 83 88 81 75 84 82 841
Accounts Receivable		 1,662 1,967 2,198 2,332 2,893 2,701 3,022 3,565 3,765 3,987
Inventories, net		 1,639 2,030 2,465 2,955 2,980 3,494 3,314 3,995 4,843 4,774
Prepaid Expenses		 563 480 537 747 760 488 662 787 857 1,593
Plant, Property, & Equipment, net		 1,199 1,569 1,975 2,291 2,567 2,752 2,833 2,970 3,215 3,448
Plant, Property & Equipment, gross		 2,730 3,161 3,800 4,277 4,714 5,182 5,498 5,805 6,344 6,683
Accumulated Depreciation		 1,531 1,592 1,825 1,986 2,147 2,430 2,665 2,835 3,129 3,235
Total Noncurrent Assets		 7,081 11,005 12,229 15,205 16,542 21,871 21,781 23,639 24,179 24,676
Goodwill		 4,136 6,356 7,168 8,563 9,069 12,778 12,918 14,880 15,243 15,855
Intangible Assets		 1,794 3,508 3,477 4,163 4,227 5,554 4,840 4,885 4,593 4,395
Noncurrent Deferred & Refundable Income Taxes		 - - 283 1,678 1,575 1,530 1,760 1,410 1,670 1,742
Other Noncurrent Operating Assets		 1,151 1,141 1,301 801 1,671 2,009 2,263 2,464 2,673 2,684
Total Liabilities & Shareholders' Equity		 16,223 20,435 22,197 27,229 30,167 34,330 34,631 36,884 39,912 42,971
Total Liabilities		 7,712 10,885 12,217 15,499 17,360 21,246 19,754 20,268 21,319 22,337
Total Current Liabilities		 3,502 3,148 3,485 4,807 4,400 5,041 4,549 6,303 7,921 7,616
Short-Term Debt		 768 228 632 1,373 859 761 7.00 1,191 2,094 1,409
Accounts Payable		 410 437 487 646 675 810 1,129 1,413 1,517 1,679
Dividends Payable		 142 159 178 192 213 237 263 284 304 320
Current Deferred & Payable Income Tax Liabilities		 141 40 143 158 171 207 192 292 391 539
Current Employee Benefit Liabilities		 637 767 838 917 955 925 1,092 1,149 1,478 1,403
Other Current Liabilities		 710 923 1,207 1,521 1,196 1,586 1,465 1,744 2,137 2,266
Total Noncurrent Liabilities		 4,210 7,737 8,732 10,692 12,960 16,205 15,205 13,965 13,398 14,721
Long-Term Debt		 3,230 6,686 6,590 8,486 10,231 13,230 12,472 11,857 10,901 12,188
Noncurrent Deferred Revenue		 - 287 1,261 1,228 1,068 990 913 641 567 349
Other Noncurrent Operating Liabilities		 980 764 881 978 1,661 1,985 1,820 1,467 1,930 2,184
Total Equity & Noncontrolling Interests		 8,511 9,550 9,980 11,730 12,807 13,084 14,877 16,616 18,593 20,634
Total Preferred & Common Equity		 8,511 9,550 9,966 11,730 12,807 13,084 14,877 16,616 18,593 20,634
Total Common Equity		 8,511 9,550 9,966 11,730 12,807 13,084 14,877 16,616 18,593 20,634
Common Stock		 1,358 1,469 1,533 1,596 1,665 1,779 1,928 2,072 2,238 2,399
Retained Earnings		 7,792 8,842 8,986 10,765 11,748 12,462 13,480 14,765 16,771 18,528
Accumulated Other Comprehensive Income / (Loss)		 -639 -761 -553 -631 -606 -1,157 -531 -221 -416 -293

Quarterly Balance Sheets for Stryker

This table presents Stryker's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Total Assets		 35,983 36,884 36,830 37,409 38,042 39,912 39,402 39,130 43,833 42,971
Total Current Assets		 9,318 10,275 10,155 10,151 11,045 12,518 11,892 11,645 14,673 14,847
Cash & Equivalents		 1,420 1,844 1,671 1,401 1,860 2,971 2,330 1,874 3,850 3,652
Short-Term Investments		 77 84 86 77 76 82 77 83 834 841
Accounts Receivable		 3,103 3,565 3,215 3,261 3,276 3,765 3,473 3,622 3,736 3,987
Inventories, net		 3,883 3,995 4,333 4,593 4,883 4,843 5,026 5,044 5,292 4,774
Prepaid Expenses		 835 787 850 819 950 857 986 1,022 961 1,593
Plant, Property, & Equipment, net		 2,798 2,970 3,037 3,082 3,106 3,215 3,260 3,318 3,429 3,448
Plant, Property & Equipment, gross		 5,534 5,805 5,970 6,087 6,155 6,344 6,458 6,622 6,889 6,683
Accumulated Depreciation		 2,736 2,835 2,933 3,005 3,049 3,129 3,198 3,304 3,460 3,235
Total Noncurrent Assets		 23,867 23,639 23,638 24,176 23,891 24,179 24,250 24,167 25,731 24,676
Goodwill		 14,993 14,880 14,849 15,172 15,138 15,243 15,351 15,408 16,396 15,855
Intangible Assets		 5,053 4,885 4,779 4,917 4,731 4,593 4,509 4,363 4,940 4,395
Noncurrent Deferred & Refundable Income Taxes		 1,390 1,410 1,443 1,439 1,406 1,670 1,641 1,606 1,562 1,742
Other Noncurrent Operating Assets		 2,431 2,464 2,567 2,648 2,616 2,673 2,749 2,790 2,833 2,684
Total Liabilities & Shareholders' Equity		 35,983 36,884 36,830 37,409 38,042 39,912 39,402 39,130 43,833 42,971
Total Liabilities		 19,520 20,268 19,935 20,048 20,137 21,319 20,230 19,368 23,684 22,337
Total Current Liabilities		 4,571 6,303 5,866 6,584 7,458 7,921 6,955 6,926 7,669 7,616
Short-Term Debt		 8.00 1,191 1,204 1,798 2,308 2,094 2,058 2,095 2,159 1,409
Accounts Payable		 1,213 1,413 1,366 1,326 1,296 1,517 1,246 1,304 1,337 1,679
Dividends Payable		 263 284 285 284 285 304 305 305 305 320
Current Deferred & Payable Income Tax Liabilities		 243 292 371 298 407 391 444 334 394 539
Current Employee Benefit Liabilities		 927 1,149 713 929 1,223 1,478 778 887 1,250 1,403
Other Current Liabilities		 1,526 1,744 1,700 1,729 1,715 2,137 2,124 2,001 2,224 2,266
Total Noncurrent Liabilities		 14,949 13,965 14,069 13,464 12,679 13,398 13,275 12,442 16,015 14,721
Long-Term Debt		 12,751 11,857 11,857 11,149 10,382 10,901 10,807 10,127 13,325 12,188
Noncurrent Deferred Revenue		 621 641 625 469 465 567 565 350 368 349
Other Noncurrent Operating Liabilities		 1,577 1,467 1,587 1,846 1,832 1,930 1,903 1,965 2,322 2,184
Total Equity & Noncontrolling Interests		 16,463 16,616 16,895 17,361 17,905 18,593 19,172 19,762 20,149 20,634
Total Preferred & Common Equity		 16,463 16,616 16,895 17,361 17,905 18,593 19,172 19,762 20,149 20,634
Total Common Equity		 16,463 16,616 16,895 17,361 17,905 18,593 19,172 19,762 20,149 20,634
Common Stock		 2,066 2,072 2,128 2,165 2,221 2,238 2,295 2,343 2,391 2,399
Retained Earnings		 14,486 14,765 15,072 15,526 15,933 16,771 17,254 17,774 18,303 18,528
Accumulated Other Comprehensive Income / (Loss)		 -89 -221 -305 -330 -249 -416 -377 -355 -545 -293

Annual Metrics and Ratios for Stryker

This table displays calculated financial ratios and metrics derived from Stryker's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 2.80% 13.86% 9.88% 9.30% 9.43% -3.58% 19.21% 7.84% 11.11% 10.23%
EBITDA Growth		 38.62% 15.71% 9.65% 13.83% 8.48% -17.19% 18.26% 12.53% 27.71% -3.38%
EBIT Growth		 49.57% 10.72% 7.39% 14.20% 8.74% -23.73% 16.73% 17.62% 36.90% -4.93%
NOPAT Growth		 179.02% 20.81% -39.10% 236.88% -42.35% -17.53% 24.17% 10.54% 34.18% -5.62%
Net Income Growth		 179.42% 14.45% -38.07% 248.33% -41.37% -23.24% 24.70% 18.25% 34.22% -5.43%
EPS Growth		 182.09% 15.08% -38.39% 248.51% -41.33% -23.36% 24.05% 18.43% 33.71% -5.94%
Operating Cash Flow Growth		 -44.95% 95.21% -18.59% 67.42% -16.05% 49.57% -0.43% -19.58% 41.43% 14.31%
Free Cash Flow Firm Growth		 -16.21% -517.93% 92.42% 255.89% 82.13% -561.85% 169.93% -147.42% 374.20% -23.25%
Invested Capital Growth		 11.34% 54.44% 10.18% 23.96% 8.87% 23.38% 1.28% 13.90% 2.92% 4.23%
Revenue Q/Q Growth		 0.98% 4.06% 2.59% 2.45% 2.30% 0.92% 2.63% 2.79% 3.08% 2.83%
EBITDA Q/Q Growth		 8.28% 0.78% 3.01% 0.49% 9.80% -7.89% 3.19% 0.52% 10.90% -13.09%
EBIT Q/Q Growth		 9.53% -1.23% 3.05% 0.34% 12.22% -11.94% 3.92% 0.15% 14.50% -16.66%
NOPAT Q/Q Growth		 23.57% 1.54% -43.27% 184.69% -40.42% -4.93% 3.80% -4.34% 20.69% -15.46%
Net Income Q/Q Growth		 22.26% -0.72% -42.66% 187.46% -39.20% -8.94% 4.95% -4.03% 22.44% -16.63%
EPS Q/Q Growth		 23.13% -0.91% -42.74% 188.27% -39.25% -8.89% 4.83% -4.04% 22.40% -16.83%
Operating Cash Flow Q/Q Growth		 8.16% -4.73% 1.37% 16.36% -12.43% 18.09% -6.77% 0.11% 16.48% 10.50%
Free Cash Flow Firm Q/Q Growth		 22.11% -2.29% -216.62% -76.94% 489.19% -270.63% 163.13% 2.81% 39.08% 35.87%
Invested Capital Q/Q Growth		 -1.74% -0.46% -3.53% 20.31% 4.23% 26.71% 0.70% 0.11% -0.36% -3.83%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 66.38% 66.26% 65.73% 65.72% 65.14% 63.11% 64.11% 62.76% 63.70% 63.91%
EBITDA Margin		 21.44% 21.78% 21.74% 22.64% 22.44% 19.27% 19.12% 19.95% 22.93% 20.10%
Operating Margin		 18.71% 19.21% 18.46% 18.65% 18.23% 15.49% 15.10% 15.40% 18.97% 16.33%
EBIT Margin		 17.44% 16.96% 16.58% 17.32% 17.21% 13.62% 13.33% 14.54% 17.92% 15.45%
Profit (Net Income) Margin		 14.47% 14.54% 8.20% 26.12% 13.99% 11.14% 11.66% 12.78% 15.44% 13.25%
Tax Burden Percent		 82.94% 85.74% 49.44% 150.81% 81.30% 81.83% 87.42% 87.89% 86.17% 85.71%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 17.06% 14.26% 50.56% -50.81% 18.70% 18.17% 12.58% 12.11% 13.83% 14.29%
Return on Invested Capital (ROIC)		 18.97% 17.10% 8.16% 23.42% 11.68% 8.27% 9.24% 9.49% 11.78% 10.74%
ROIC Less NNEP Spread (ROIC-NNEP)		 44.00% 5.48% 5.37% 18.44% 9.83% 5.84% 6.71% 8.18% 10.07% 9.02%
Return on Net Nonoperating Assets (RNNOA)		 -2.15% 1.14% 2.28% 9.31% 5.30% 4.08% 5.02% 5.48% 6.19% 4.52%
Return on Equity (ROE)		 16.82% 18.24% 10.45% 32.73% 16.98% 12.35% 14.26% 14.97% 17.98% 15.26%
Cash Return on Invested Capital (CROIC)		 8.24% -25.70% -1.53% 2.03% 3.19% -12.66% 7.96% -3.51% 8.90% 6.60%
Operating Return on Assets (OROA)		 10.36% 10.48% 9.68% 9.53% 8.93% 6.06% 6.62% 7.50% 9.57% 8.43%
Return on Assets (ROA)		 8.59% 8.99% 4.79% 14.38% 7.26% 4.96% 5.78% 6.59% 8.24% 7.22%
Return on Common Equity (ROCE)		 16.82% 18.24% 10.44% 32.71% 16.98% 12.35% 14.26% 14.97% 17.98% 15.26%
Return on Equity Simple (ROE_SIMPLE)		 16.91% 17.25% 10.23% 30.29% 16.26% 12.22% 13.40% 14.19% 17.02% 14.51%
Net Operating Profit after Tax (NOPAT)		 1,544 1,865 1,136 3,826 2,206 1,819 2,259 2,497 3,350 3,162
NOPAT Margin		 15.52% 16.47% 9.13% 28.13% 14.82% 12.68% 13.20% 13.53% 16.34% 13.99%
Net Nonoperating Expense Percent (NNEP)		 -25.03% 11.61% 2.79% 4.98% 1.86% 2.43% 2.53% 1.31% 1.71% 1.72%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 8.42% 10.61% 9.24%
Cost of Revenue to Revenue		 33.62% 33.74% 34.27% 34.28% 34.86% 36.89% 35.89% 37.24% 36.30% 36.09%
SG&A Expenses to Revenue		 36.30% 36.53% 36.58% 37.49% 35.99% 37.36% 37.57% 34.61% 34.69% 34.01%
R&D to Revenue		 6.28% 6.31% 6.32% 6.34% 6.52% 6.86% 7.22% 7.88% 6.77% 6.49%
Operating Expenses to Revenue		 47.67% 47.06% 47.28% 47.06% 46.92% 47.62% 49.01% 47.36% 44.74% 47.58%
Earnings before Interest and Taxes (EBIT)		 1,735 1,921 2,063 2,356 2,562 1,954 2,281 2,683 3,673 3,492
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,132 2,467 2,705 3,079 3,340 2,766 3,271 3,681 4,701 4,542
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 3.72 4.32 5.41 4.71 5.84 6.78 6.59 5.46 6.06 6.65
Price to Tangible Book Value (P/TBV)		 12.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 357.44
Price to Revenue (P/Rev)		 3.18 3.64 4.33 4.06 5.02 6.18 5.73 4.92 5.50 6.07
Price to Earnings (P/E)		 21.98 25.03 52.85 15.54 35.89 55.45 49.20 38.47 35.62 45.86
Dividend Yield		 1.68% 1.42% 1.21% 1.31% 1.07% 1.00% 0.99% 1.18% 1.03% 0.90%
Earnings Yield		 4.55% 4.00% 1.89% 6.44% 2.79% 1.80% 2.03% 2.60% 2.81% 2.18%
Enterprise Value to Invested Capital (EV/IC)		 3.68 3.38 4.00 3.39 4.14 4.10 4.37 3.63 4.25 4.87
Enterprise Value to Revenue (EV/Rev)		 3.17 3.95 4.69 4.51 5.47 6.94 6.29 5.52 5.98 6.48
Enterprise Value to EBITDA (EV/EBITDA)		 14.80 18.14 21.57 19.93 24.38 36.02 32.89 27.66 26.09 32.22
Enterprise Value to EBIT (EV/EBIT)		 18.19 23.30 28.28 26.05 31.78 50.99 47.16 37.95 33.40 41.91
Enterprise Value to NOPAT (EV/NOPAT)		 20.44 24.00 51.38 16.04 36.91 54.77 47.62 40.78 36.61 46.29
Enterprise Value to Operating Cash Flow (EV/OCF)		 32.16 23.37 37.43 23.51 37.16 30.40 32.97 38.80 33.05 34.50
Enterprise Value to Free Cash Flow (EV/FCFF)		 47.06 0.00 0.00 185.43 135.07 0.00 55.25 0.00 48.46 75.33
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.47 0.72 0.72 0.84 0.87 1.07 0.84 0.79 0.70 0.66
Long-Term Debt to Equity		 0.38 0.70 0.66 0.72 0.80 1.01 0.84 0.71 0.59 0.59
Financial Leverage		 -0.05 0.21 0.42 0.50 0.54 0.70 0.75 0.67 0.61 0.50
Leverage Ratio		 1.96 2.03 2.18 2.28 2.34 2.49 2.47 2.27 2.18 2.11
Compound Leverage Factor		 1.96 2.03 2.18 2.28 2.34 2.49 2.47 2.27 2.18 2.11
Debt to Total Capital		 31.96% 41.99% 41.98% 45.67% 46.41% 51.68% 45.62% 43.99% 41.14% 39.72%
Short-Term Debt to Total Capital		 6.14% 1.38% 3.67% 6.36% 3.59% 2.81% 0.03% 4.02% 6.63% 4.12%
Long-Term Debt to Total Capital		 25.82% 40.61% 38.31% 39.31% 42.81% 48.86% 45.59% 39.97% 34.51% 35.61%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 68.04% 58.01% 57.94% 54.33% 53.59% 48.33% 54.38% 56.01% 58.86% 60.28%
Debt to EBITDA		 1.88 2.80 2.67 3.20 3.32 5.06 3.82 3.54 2.76 2.99
Net Debt to EBITDA		 -0.04 1.43 1.64 2.00 2.00 3.96 2.89 3.02 2.11 2.00
Long-Term Debt to EBITDA		 1.52 2.71 2.44 2.76 3.06 4.78 3.81 3.22 2.32 2.68
Debt to NOPAT		 2.59 3.71 6.36 2.58 5.03 7.69 5.52 5.23 3.88 4.30
Net Debt to NOPAT		 -0.05 1.89 3.90 1.61 3.02 6.03 4.19 4.45 2.97 2.88
Long-Term Debt to NOPAT		 2.09 3.59 5.80 2.22 4.64 7.27 5.52 4.75 3.25 3.85
Altman Z-Score		 4.43 4.02 4.33 3.69 4.17 3.78 4.43 4.12 4.72 5.29
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.07% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 2.27 2.50 2.29 2.02 2.51 1.93 2.20 1.63 1.58 1.95
Quick Ratio		 1.64 1.70 1.43 1.25 1.66 1.14 1.33 0.87 0.86 1.11
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 671 -2,802 -212 331 603 -2,784 1,947 -923 2,531 1,943
Operating Cash Flow to CapEx		 363.33% 390.82% 260.70% 456.29% 337.60% 672.90% 621.52% 446.26% 645.39% 561.85%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.59 0.62 0.58 0.55 0.52 0.45 0.50 0.52 0.53 0.55
Accounts Receivable Turnover		 6.15 6.24 5.98 6.00 5.70 5.13 5.98 5.60 5.59 5.83
Inventory Turnover		 2.07 2.08 1.90 1.72 1.75 1.64 1.80 1.88 1.68 1.70
Fixed Asset Turnover		 8.66 8.18 7.02 6.38 6.13 5.40 6.13 6.36 6.63 6.78
Accounts Payable Turnover		 9.05 9.02 9.23 8.23 7.85 7.13 6.33 5.41 5.08 5.10
Days Sales Outstanding (DSO)		 59.34 58.48 61.08 60.78 64.07 71.14 61.05 65.16 65.26 62.61
Days Inventory Outstanding (DIO)		 176.11 175.24 192.39 212.13 208.78 223.18 202.36 194.13 216.79 215.22
Days Payable Outstanding (DPO)		 40.33 40.45 39.55 44.34 46.47 51.19 57.63 67.52 71.87 71.52
Cash Conversion Cycle (CCC)		 195.12 193.27 213.92 228.57 226.37 243.12 205.77 191.78 210.18 206.31
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 8,572 13,239 14,587 18,082 19,685 24,288 24,600 28,020 28,839 30,058
Invested Capital Turnover		 1.22 1.04 0.89 0.83 0.79 0.65 0.70 0.70 0.72 0.77
Increase / (Decrease) in Invested Capital		 873 4,667 1,348 3,495 1,603 4,603 312 3,420 819 1,219
Enterprise Value (EV)		 31,552 44,752 58,346 61,369 81,414 99,632 107,567 101,822 122,665 146,361
Market Capitalization		 31,633 41,222 53,903 55,209 74,749 88,665 98,107 90,702 112,723 137,257
Book Value per Share		 $22.66 $25.50 $26.63 $31.35 $34.21 $34.82 $39.44 $43.91 $48.94 $54.13
Tangible Book Value per Share		 $6.87 ($0.84) ($1.81) ($2.66) ($1.31) ($13.97) ($7.64) ($8.32) ($3.27) $1.01
Total Capital		 12,509 16,464 17,202 21,589 23,897 27,075 27,356 29,664 31,588 34,231
Total Debt		 3,998 6,914 7,222 9,859 11,090 13,991 12,479 13,048 12,995 13,597
Total Long-Term Debt		 3,230 6,686 6,590 8,486 10,231 13,230 12,472 11,857 10,901 12,188
Net Debt		 -81 3,530 4,429 6,160 6,665 10,967 9,460 11,120 9,942 9,104
Capital Expenditures (CapEx)		 270 490 598 572 649 487 525 588 575 755
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,130 1,557 2,347 2,600 3,092 2,403 2,456 3,235 3,638 4,147
Debt-free Net Working Capital (DFNWC)		 5,209 4,941 5,140 6,299 7,517 5,427 5,475 5,163 6,691 8,640
Net Working Capital (NWC)		 4,441 4,713 4,508 4,926 6,658 4,666 5,468 3,972 4,597 7,231
Net Nonoperating Expense (NNE)		 105 218 116 273 123 220 265 139 185 169
Net Nonoperating Obligations (NNO)		 61 3,689 4,607 6,352 6,878 11,204 9,723 11,404 10,246 9,424
Total Depreciation and Amortization (D&A)		 397 546 642 723 778 812 990 998 1,028 1,050
Debt-free, Cash-free Net Working Capital to Revenue		 11.36% 13.75% 18.86% 19.12% 20.77% 16.74% 14.36% 17.53% 17.75% 18.35%
Debt-free Net Working Capital to Revenue		 52.37% 43.63% 41.31% 46.31% 50.50% 37.82% 32.00% 27.99% 32.64% 38.24%
Net Working Capital to Revenue		 44.65% 41.62% 36.23% 36.22% 44.73% 32.51% 31.96% 21.53% 22.43% 32.00%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.82 $4.40 $2.73 $9.50 $5.57 $4.26 $5.29 $6.23 $8.34 $7.86
Adjusted Weighted Average Basic Shares Outstanding		 376.60M 374.10M 374M 374.10M 374M 375.50M 377M 378.20M 379.60M 381M
Adjusted Diluted Earnings per Share		 $3.78 $4.35 $2.68 $9.34 $5.48 $4.20 $5.21 $6.17 $8.25 $7.76
Adjusted Weighted Average Diluted Shares Outstanding		 380.90M 378.50M 380.10M 380.30M 379.90M 380.30M 382.30M 382.20M 383.70M 385.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 372.98M 372.88M 374.64M 372.66M 374.58M 376.20M 377.54M 378.83M 380.26M 381.58M
Normalized Net Operating Profit after Tax (NOPAT)		 1,544 1,865 1,608 1,776 2,206 1,819 2,259 2,734 3,381 3,999
Normalized NOPAT Margin		 15.52% 16.47% 12.92% 13.06% 14.82% 12.68% 13.20% 14.82% 16.50% 17.70%
Pre Tax Income Margin		 17.44% 16.96% 16.58% 17.32% 17.21% 13.62% 13.33% 14.54% 17.92% 15.45%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 36.21% 34.49% 72.06% 20.18% 37.35% 53.97% 47.64% 44.57% 35.99% 40.73%
Augmented Payout Ratio		 84.85% 35.28% 94.61% 28.62% 52.09% 53.97% 47.64% 44.57% 35.99% 40.73%

Quarterly Metrics and Ratios for Stryker

This table displays calculated financial ratios and metrics derived from Stryker's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 7.67% 10.66% 11.77% 11.20% 9.60% 11.78% 9.73% 8.53% 11.92% 10.68%
EBITDA Growth		 46.03% 1.91% 49.04% 19.01% 6.10% 45.56% 26.39% 8.46% 15.92% -46.34%
EBIT Growth		 64.85% 0.53% 75.91% 24.86% 6.50% 61.10% 35.94% 11.01% 20.02% -56.93%
NOPAT Growth		 59.09% -15.92% 71.32% 12.63% -8.25% 94.60% 29.49% 9.67% 17.02% -48.73%
Net Income Growth		 86.30% -14.95% 83.28% 12.50% -15.20% 103.02% 33.11% 11.79% 20.52% -52.23%
EPS Growth		 87.72% -15.03% 83.33% 12.21% -15.89% 102.72% 33.12% 10.88% 20.00% -52.68%
Operating Cash Flow Growth		 -4.72% 0.30% 119.21% 30.06% 18.11% 52.34% -54.16% -7.99% 40.38% 26.37%
Free Cash Flow Firm Growth		 42.09% -797.09% 101.16% 95.66% 92.20% 112.52% -1,883.69% -166.92% -572.05% -275.17%
Invested Capital Growth		 14.57% 13.90% 2.17% 3.27% 3.42% 2.92% 5.09% 4.18% 7.98% 4.23%
Revenue Q/Q Growth		 -0.31% 16.14% -8.15% 4.56% -1.74% 18.46% -9.84% 3.41% 1.33% 17.15%
EBITDA Q/Q Growth		 9.56% -4.88% -7.69% 23.72% -2.33% 30.50% -19.85% 6.17% 4.38% -39.59%
EBIT Q/Q Growth		 13.33% -6.74% -10.78% 32.40% -3.34% 41.08% -24.71% 8.13% 4.51% -49.38%
NOPAT Q/Q Growth		 14.87% -25.47% 6.41% 23.62% -6.41% 58.07% -29.19% 4.70% -0.14% -30.75%
Net Income Q/Q Growth		 24.39% -31.00% 5.15% 24.66% -6.23% 65.17% -31.06% 4.70% 1.09% -34.53%
EPS Q/Q Growth		 24.42% -31.31% 4.76% 25.32% -6.74% 65.56% -31.21% 4.39% 0.93% -34.72%
Operating Cash Flow Q/Q Growth		 68.05% 12.82% -55.63% 54.61% 52.62% 45.52% -86.65% 210.29% 132.86% 31.00%
Free Cash Flow Firm Q/Q Growth		 8.71% -2.39% 101.24% -475.65% -64.06% 264.42% -276.02% 43.79% -313.08% 57.14%
Invested Capital Q/Q Growth		 -0.72% 0.11% 1.66% 2.21% -0.58% -0.36% 3.80% 1.33% 3.04% -3.83%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 62.11% 62.21% 63.12% 63.67% 64.33% 63.68% 63.57% 63.00% 64.02% 64.85%
EBITDA Margin		 23.80% 19.49% 19.59% 23.18% 23.04% 25.38% 22.56% 23.16% 23.86% 12.31%
Operating Margin		 18.04% 15.65% 15.38% 19.32% 18.97% 21.62% 18.54% 19.38% 19.75% 9.03%
EBIT Margin		 18.22% 14.63% 14.21% 17.99% 17.70% 21.08% 17.60% 18.41% 18.98% 8.20%
Profit (Net Income) Margin		 18.22% 10.82% 12.39% 14.77% 14.10% 19.66% 15.03% 15.22% 15.18% 8.48%
Tax Burden Percent		 100.00% 73.98% 87.19% 82.09% 79.63% 93.23% 85.37% 82.67% 79.96% 103.41%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 26.02% 12.81% 17.91% 20.37% 6.77% 14.63% 17.33% 20.04% -3.41%
Return on Invested Capital (ROIC)		 12.35% 8.12% 9.02% 10.77% 10.55% 14.53% 11.36% 11.53% 11.53% 7.16%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.43% 7.75% 8.62% 10.32% 10.11% 14.26% 10.98% 11.14% 11.23% 6.61%
Return on Net Nonoperating Assets (RNNOA)		 8.83% 5.20% 6.59% 7.58% 6.64% 8.77% 6.81% 6.70% 6.53% 3.31%
Return on Equity (ROE)		 21.19% 13.31% 15.61% 18.35% 17.19% 23.30% 18.17% 18.23% 18.06% 10.47%
Cash Return on Invested Capital (CROIC)		 -3.62% -3.51% 7.65% 6.73% 6.39% 8.90% 7.15% 8.07% 4.75% 6.60%
Operating Return on Assets (OROA)		 9.33% 7.55% 7.38% 9.53% 9.51% 11.26% 9.68% 10.29% 10.19% 4.47%
Return on Assets (ROA)		 9.33% 5.58% 6.44% 7.83% 7.57% 10.49% 8.27% 8.50% 8.15% 4.63%
Return on Common Equity (ROCE)		 21.19% 13.31% 15.61% 18.35% 17.19% 23.30% 18.17% 18.23% 18.06% 10.47%
Return on Equity Simple (ROE_SIMPLE)		 14.92% 0.00% 15.55% 15.60% 14.44% 0.00% 17.53% 17.45% 17.82% 0.00%
Net Operating Profit after Tax (NOPAT)		 808 602 641 792 741 1,172 830 869 868 601
NOPAT Margin		 18.04% 11.58% 13.41% 15.86% 15.10% 20.15% 15.83% 16.02% 15.79% 9.34%
Net Nonoperating Expense Percent (NNEP)		 -0.07% 0.37% 0.40% 0.45% 0.44% 0.27% 0.37% 0.39% 0.30% 0.56%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.03% - - - 3.71% - - - 1.76%
Cost of Revenue to Revenue		 37.89% 37.79% 36.88% 36.33% 35.67% 36.32% 36.43% 37.00% 35.98% 35.15%
SG&A Expenses to Revenue		 32.48% 32.33% 37.28% 34.21% 34.83% 32.86% 35.09% 34.06% 34.51% 32.66%
R&D to Revenue		 8.13% 6.27% 7.10% 6.93% 7.19% 6.02% 7.02% 6.69% 6.86% 5.56%
Operating Expenses to Revenue		 44.07% 46.56% 47.74% 44.36% 45.37% 42.06% 45.03% 43.62% 44.27% 55.83%
Earnings before Interest and Taxes (EBIT)		 816 761 679 899 869 1,226 923 998 1,043 528
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,066 1,014 936 1,158 1,131 1,476 1,183 1,256 1,311 792
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 4.57 5.46 6.32 6.60 5.74 6.06 7.07 6.56 6.83 6.65
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 357.44
Price to Revenue (P/Rev)		 4.19 4.92 5.63 5.89 5.17 5.50 6.47 6.06 6.27 6.07
Price to Earnings (P/E)		 30.62 38.47 40.65 42.32 39.77 35.62 40.36 37.59 38.35 45.86
Dividend Yield		 1.40% 1.18% 1.03% 0.98% 1.11% 1.03% 0.87% 0.93% 0.89% 0.90%
Earnings Yield		 3.27% 2.60% 2.46% 2.36% 2.51% 2.81% 2.48% 2.66% 2.61% 2.18%
Enterprise Value to Invested Capital (EV/IC)		 3.09 3.63 4.15 4.33 3.92 4.25 4.88 4.61 4.75 4.87
Enterprise Value to Revenue (EV/Rev)		 4.82 5.52 6.23 6.48 5.71 5.98 6.97 6.54 6.76 6.48
Enterprise Value to EBITDA (EV/EBITDA)		 23.62 27.66 29.60 30.21 26.79 26.09 29.53 27.72 28.41 32.22
Enterprise Value to EBIT (EV/EBIT)		 32.28 37.95 39.68 39.97 35.40 33.40 37.30 34.83 35.43 41.91
Enterprise Value to NOPAT (EV/NOPAT)		 33.13 40.78 42.75 44.21 40.90 36.61 41.27 38.69 39.70 46.29
Enterprise Value to Operating Cash Flow (EV/OCF)		 33.00 38.80 41.20 41.69 35.64 33.05 42.10 40.96 38.67 34.50
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 54.77 65.37 62.39 48.46 69.95 58.35 103.83 75.33
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.78 0.79 0.77 0.75 0.71 0.70 0.67 0.62 0.77 0.66
Long-Term Debt to Equity		 0.77 0.71 0.70 0.64 0.58 0.59 0.56 0.51 0.66 0.59
Financial Leverage		 0.71 0.67 0.76 0.73 0.66 0.61 0.62 0.60 0.58 0.50
Leverage Ratio		 2.29 2.27 2.28 2.22 2.15 2.18 2.11 2.06 2.15 2.11
Compound Leverage Factor		 2.29 2.27 2.28 2.22 2.15 2.18 2.11 2.06 2.15 2.11
Debt to Total Capital		 43.66% 43.99% 43.60% 42.72% 41.48% 41.14% 40.16% 38.21% 43.45% 39.72%
Short-Term Debt to Total Capital		 0.03% 4.02% 4.02% 5.93% 7.54% 6.63% 6.42% 6.55% 6.06% 4.12%
Long-Term Debt to Total Capital		 43.63% 39.97% 39.58% 36.79% 33.93% 34.51% 33.73% 31.66% 37.40% 35.61%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 56.34% 56.01% 56.40% 57.28% 58.52% 58.86% 59.84% 61.79% 56.55% 60.28%
Debt to EBITDA		 3.48 3.54 3.27 3.10 2.99 2.76 2.60 2.42 2.96 2.99
Net Debt to EBITDA		 3.08 3.02 2.83 2.75 2.54 2.11 2.11 2.03 2.07 2.00
Long-Term Debt to EBITDA		 3.48 3.22 2.97 2.67 2.45 2.32 2.18 2.01 2.55 2.68
Debt to NOPAT		 4.89 5.23 4.73 4.54 4.57 3.88 3.63 3.38 4.14 4.30
Net Debt to NOPAT		 4.31 4.45 4.09 4.02 3.87 2.97 2.95 2.84 2.89 2.88
Long-Term Debt to NOPAT		 4.89 4.75 4.29 3.91 3.74 3.25 3.05 2.80 3.56 3.85
Altman Z-Score		 3.61 3.94 4.50 4.73 4.36 4.51 5.40 5.43 4.84 5.06
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 2.04 1.63 1.73 1.54 1.48 1.58 1.71 1.68 1.91 1.95
Quick Ratio		 1.01 0.87 0.85 0.72 0.70 0.86 0.85 0.81 1.10 1.11
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2,752 -2,818 35 -131 -215 353 -621 -349 -1,442 -618
Operating Cash Flow to CapEx		 644.20% 533.51% 342.31% 452.63% 709.46% 1,053.79% 122.16% 416.45% 867.06% 725.94%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.51 0.52 0.52 0.53 0.54 0.53 0.55 0.56 0.54 0.55
Accounts Receivable Turnover		 6.06 5.60 6.11 6.07 6.23 5.59 6.27 6.22 6.27 5.83
Inventory Turnover		 1.79 1.88 1.81 1.74 1.66 1.68 1.62 1.61 1.57 1.70
Fixed Asset Turnover		 6.47 6.36 6.50 6.61 6.74 6.63 6.66 6.68 6.73 6.78
Accounts Payable Turnover		 6.11 5.41 5.79 5.82 5.81 5.08 5.81 5.92 6.08 5.10
Days Sales Outstanding (DSO)		 60.20 65.16 59.76 60.09 58.55 65.26 58.22 58.73 58.24 62.61
Days Inventory Outstanding (DIO)		 203.53 194.13 202.21 210.28 219.33 216.79 225.09 226.09 231.97 215.22
Days Payable Outstanding (DPO)		 59.72 67.52 63.05 62.67 62.78 71.87 62.82 61.70 60.03 71.52
Cash Conversion Cycle (CCC)		 204.00 191.78 198.93 207.71 215.10 210.18 220.50 223.12 230.18 206.31
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 27,988 28,020 28,484 29,114 28,944 28,839 29,935 30,332 31,254 30,058
Invested Capital Turnover		 0.68 0.70 0.67 0.68 0.70 0.72 0.72 0.72 0.73 0.77
Increase / (Decrease) in Invested Capital		 3,560 3,420 606 923 956 819 1,451 1,218 2,310 1,219
Enterprise Value (EV)		 86,487 101,822 118,091 126,116 113,551 122,665 146,092 139,883 148,467 146,361
Market Capitalization		 75,225 90,702 106,787 114,647 102,797 112,723 135,634 129,618 137,667 137,257
Book Value per Share		 $43.52 $43.91 $44.60 $45.73 $47.15 $48.94 $50.40 $51.88 $52.87 $54.13
Tangible Book Value per Share		 ($9.47) ($8.32) ($7.21) ($7.19) ($5.17) ($3.27) ($1.81) ($0.02) ($3.11) $1.01
Total Capital		 29,222 29,664 29,956 30,308 30,595 31,588 32,037 31,984 35,633 34,231
Total Debt		 12,759 13,048 13,061 12,947 12,690 12,995 12,865 12,222 15,484 13,597
Total Long-Term Debt		 12,751 11,857 11,857 11,149 10,382 10,901 10,807 10,127 13,325 12,188
Net Debt		 11,262 11,120 11,304 11,469 10,754 9,942 10,458 10,265 10,800 9,104
Capital Expenditures (CapEx)		 138 188 130 152 148 145 167 152 170 266
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 3,258 3,235 3,736 3,887 3,959 3,638 4,588 4,857 4,479 4,147
Debt-free Net Working Capital (DFNWC)		 4,755 5,163 5,493 5,365 5,895 6,691 6,995 6,814 9,163 8,640
Net Working Capital (NWC)		 4,747 3,972 4,289 3,567 3,587 4,597 4,937 4,719 7,004 7,231
Net Nonoperating Expense (NNE)		 -8.00 39 49 54 49 29 42 44 34 55
Net Nonoperating Obligations (NNO)		 11,525 11,404 11,589 11,753 11,039 10,246 10,763 10,570 11,105 9,424
Total Depreciation and Amortization (D&A)		 250 253 257 259 262 250 260 258 268 264
Debt-free, Cash-free Net Working Capital to Revenue		 18.15% 17.53% 19.71% 19.98% 19.91% 17.75% 21.89% 22.71% 20.38% 18.35%
Debt-free Net Working Capital to Revenue		 26.49% 27.99% 28.98% 27.58% 29.65% 32.64% 33.37% 31.86% 41.70% 38.24%
Net Working Capital to Revenue		 26.45% 21.53% 22.63% 18.33% 18.04% 22.43% 23.55% 22.06% 31.87% 32.00%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.16 $1.48 $1.56 $1.95 $1.82 $3.01 $2.07 $2.17 $2.18 $1.44
Adjusted Weighted Average Basic Shares Outstanding		 378.40M 378.20M 379M 379.70M 379.80M 379.60M 380.40M 381M 381.10M 381M
Adjusted Diluted Earnings per Share		 $2.14 $1.47 $1.54 $1.93 $1.80 $2.98 $2.05 $2.14 $2.16 $1.41
Adjusted Weighted Average Diluted Shares Outstanding		 381.80M 382.20M 383.20M 383.90M 384M 383.70M 385.10M 385.40M 385.60M 385.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 378.43M 378.83M 379.61M 379.78M 379.89M 380.26M 380.95M 381.08M 381.22M 381.58M
Normalized Net Operating Profit after Tax (NOPAT)		 566 602 641 792 741 1,172 830 869 868 407
Normalized NOPAT Margin		 12.63% 11.58% 13.41% 15.86% 15.10% 20.15% 15.83% 16.02% 15.79% 6.32%
Pre Tax Income Margin		 18.22% 14.63% 14.21% 17.99% 17.70% 21.08% 17.60% 18.41% 18.98% 8.20%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 41.72% 44.57% 40.85% 40.42% 43.21% 35.99% 34.48% 34.19% 33.40% 40.73%
Augmented Payout Ratio		 41.72% 44.57% 40.85% 40.42% 43.21% 35.99% 34.48% 34.19% 33.40% 40.73%

Frequently Asked Questions About Stryker's Financials

When does Stryker's financial year end?

According to the most recent income statement we have on file, Stryker's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Stryker's net income changed over the last 9 years?

Stryker's net income appears to be on an upward trend, with a most recent value of $2.99 billion in 2024, rising from $1.44 billion in 2015. The previous period was $3.17 billion in 2023.

What is Stryker's operating income?
Stryker's total operating income in 2024 was $3.69 billion, based on the following breakdown:
  • Total Gross Profit: $14.44 billion
  • Total Operating Expenses: $10.75 billion
How has Stryker revenue changed over the last 9 years?

Over the last 9 years, Stryker's total revenue changed from $9.95 billion in 2015 to $22.60 billion in 2024, a change of 127.2%.

How much debt does Stryker have?

Stryker's total liabilities were at $22.34 billion at the end of 2024, a 4.8% increase from 2023, and a 189.6% increase since 2015.

How much cash does Stryker have?

In the past 9 years, Stryker's cash and equivalents has ranged from $1.84 billion in 2022 to $4.34 billion in 2019, and is currently $3.65 billion as of their latest financial filing in 2024.

How has Stryker's book value per share changed over the last 9 years?

Over the last 9 years, Stryker's book value per share changed from 22.66 in 2015 to 54.13 in 2024, a change of 138.8%.


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This page (NYSE:SYK) was last updated on 4/25/2025 by MarketBeat.com Staff
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