Stryker Corporation income statement
In fiscal 2025, Stryker Corporation reported revenue of $25.12bn, up 11.2% on the year before, operating income of $4.89bn (a 19.5% margin) and net income of $3.25bn, or $8.40 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.7 | 7.3 | 8.3 | 8.7 | 9.0 | 9.7 | 9.9 | 11.3 | 12.4 | 13.6 | 14.9 | 14.4 | 17.1 | 18.4 | 20.5 | 22.6 | 25.1 | 26.3 |
| Cost of revenue | — | — | — | — | — | — | — | 3.8 | 4.3 | 4.7 | 5.2 | 5.3 | 6.1 | 6.9 | 7.4 | 8.2 | 9.1 | 9.1 |
| Gross profit | 4.5 | 5.0 | 5.5 | 5.9 | 6.0 | 6.4 | 6.6 | 7.5 | 8.2 | 8.9 | 9.7 | 9.1 | 11.0 | 11.6 | 13.1 | 14.4 | 16.1 | 17.2 |
| Research and development | 0.3 | 0.4 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.7 | 0.8 | 0.9 | 1.0 | 1.0 | 1.2 | 1.5 | 1.4 | 1.5 | 1.6 | 1.7 |
| Selling, general and administrative | 2.5 | 2.7 | 3.2 | 3.4 | 3.5 | 3.5 | 3.6 | 4.1 | 4.6 | 5.1 | 5.4 | 5.4 | 6.4 | 6.4 | 7.1 | 7.7 | 8.7 | 9.1 |
| Operating income | 1.6 | 1.8 | 1.7 | 1.7 | 1.3 | 1.2 | 1.9 | 2.2 | 2.3 | 2.5 | 2.7 | 2.2 | 2.6 | 2.8 | 3.9 | 3.7 | 4.9 | 5.4 |
| Interest expense | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.6 | 0.6 |
| Income before tax | 1.6 | 1.7 | 1.7 | 1.7 | 1.2 | 1.2 | 1.7 | 1.9 | 2.1 | 2.4 | 2.6 | 2.0 | 2.3 | 2.7 | 3.7 | 3.5 | 4.5 | 5.1 |
| Income tax | 0.5 | 0.5 | 0.3 | 0.4 | 0.2 | 0.6 | 0.3 | 0.3 | 1.0 | −1.2 | 0.5 | 0.4 | 0.3 | 0.3 | 0.5 | 0.5 | 1.3 | 1.5 |
| Net income | 1.1 | 1.3 | 1.3 | 1.3 | 1.0 | 0.5 | 1.4 | 1.6 | 1.0 | 3.6 | 2.1 | 1.6 | 2.0 | 2.4 | 3.2 | 3.0 | 3.2 | 3.6 |
| Diluted EPS | $2.77 | $3.19 | $3.45 | $3.39 | $2.63 | $1.34 | $3.78 | $4.35 | $2.68 | $9.34 | $5.48 | $4.20 | $5.21 | $6.17 | $8.25 | $7.76 | $8.40 | $9.39 |
| Diluted shares (average) | 399m | 400m | 390m | 383m | 382m | 383m | 381m | 379m | 380m | 380m | 380m | 380m | 382m | 382m | 384m | 386m | 387m | 386m |
| EBITDA | 2.0 | 2.2 | 2.2 | 2.2 | 1.8 | 1.8 | 2.5 | 2.9 | 3.2 | 3.5 | 3.8 | 3.3 | 3.9 | 4.1 | 5.2 | 5.1 | 6.5 | 7.0 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,436 | 5,866 | 6,022 | 6,057 | 7,171 | 6,020 | 6,589 | 6,520 |
| Cost of revenue | 2,262 | 2,122 | 2,181 | 2,205 | 2,543 | 2,210 | 2,091 | 2,272 |
| Gross profit | 4,174 | 3,744 | 3,841 | 3,852 | 4,628 | 3,810 | 4,498 | 4,248 |
| Research and development | 358 | 405 | 407 | 410 | 401 | 413 | 434 | 433 |
| Selling, general and administrative | 2,123 | 2,300 | 2,079 | 2,045 | 2,227 | 2,281 | 2,229 | 2,313 |
| Operating income | 581 | 837 | 1,113 | 1,135 | 1,804 | 936 | 1,659 | 1,034 |
| Interest expense | 117 | 137 | 159 | 157 | 154 | 148 | 141 | 143 |
| Income before tax | 528 | 764 | 1,016 | 1,029 | 1,705 | 850 | 1,564 | 997 |
| Income tax | −18 | 110 | 132 | 170 | 856 | 105 | 288 | 244 |
| Net income | 546 | 654 | 884 | 859 | 849 | 745 | 1,276 | 753 |
| Diluted EPS | $1.41 | $1.69 | $2.29 | $2.22 | $2.20 | $1.93 | $3.30 | $1.96 |
| EBITDA | 927 | 1,198 | 1,500 | 1,537 | 2,221 | 1,333 | 2,063 | 1,431 |
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