Stryker Corporation

SYK
Sector

Healthcare

Industry

Medical Devices

Market Cap

$142.80B

Employees

52K

Company Overview

Stryker Corporation is a global medical technology leader offering innovative products and services across MedSurg, Neurotechnology, Orthopaedics, and Spine. The company's primary revenue streams are from the sale of surgical equipment, implants, and related medical devices, and it holds a leading market position due to its strong brand recognition and technological innovation. Stryker serves customers in approximately 75 countries.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Net sales increased by 11.9% YoY to $5,494 million, with growth in constant currency at 12.0%. This was driven by increased unit volume and higher prices across all segments, with MedSurg and Neurotechnology leading the growth.

Operating income increased to $1,085 million, up from $931 million YoY, with operating income margin improving to 19.7% from 19.0%. This is attributed to higher sales volume and price increases, partially offset by increased operating expenses.

Net earnings per diluted share increased to $2.16, up from $1.80 YoY, reflecting the strong revenue growth and improved operating performance. This is a significant increase that demonstrates the company's profitability.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

1 Insight

Market Environment

3 Insights