Stryker Corporation (SYK) FY2025 10-K Annual Report

Filed: Feb 11, 2026
Health Care
Surgical & Medical Instruments & ApparatusSEC EDGAR

Stryker Corporation (SYK) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 11, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Stryker Corporation FY2025 10-K Analysis

Business Overview

  • Core business model focused on medical technology and device manufacturing, emphasizing innovation and compliance
  • No new products, services, or segments explicitly introduced or emphasized in the 2026 filing
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Management Discussion & Analysis

  • Revenue $18.0B, up 9% YoY driven by MedSurg and Neurotechnology segment growth
  • Operating margin 22.5% vs 21.0% YoY due to product mix and cost management
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Risk Factors

  • Regulatory risk: EU medical device regulations require costly quality system updates, labeling changes, and remanufacturing impacting R&D and compliance expenses in 2025
  • Geopolitical/macroeconomic risk: Foreign currency fluctuations affected net sales by ±0.5%, with 10.7% growth in constant currency highlighting sensitivity to exchange rates
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Stryker Corporation FY2025 Key Financial Metrics
XBRL

Revenue

$25.1B

+11.2% YoY

Net Income

$3.2B

+8.5% YoY

Gross Margin

64.0%

+6bp YoY

Operating Margin

19.5%

+314bp YoY

Net Margin

12.9%

-32bp YoY

ROE

14.5%

-3bp YoY

Total Assets

$47.8B

+11.3% YoY

EPS (Diluted)

$8.40

+8.2% YoY

Operating Cash Flow

$5.0B

+18.9% YoY

Source: XBRL data from Stryker Corporation FY2025 10-K filing on SEC EDGAR. All figures in USD.

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