PerpEquities

Equity · Healthcare

Is Stryker Corporation (SYK) tradable as a perp? Not yet

Stryker Corporation is a medical technology company with segments in orthopaedics and spine, and MedSurg and neurotechnology, selling implants, surgical equipment, and neurovascular devices to hospitals worldwide.

Not yet listed on any perp exchange

No perpetual-futures venue lists SYK yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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TradingView symbol NYSE:SYK

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Company data

Company fundamentals

Updated 2h ago
Market cap
$105.5B
Updated 2h ago
Revenue
$25.8B
Trailing 12 months
Revenue growth
+9%
Next fiscal year
Profit margin
+14.4%
P/E
28.3
Peer P/E 24.0
Free cash flow
$4.7B
Trailing 12 months
More metrics
Net income
$3.7B
Trailing 12 months
P/S
4.1
Peer P/E
24.0
Similar listed perps
Revenue estimate
$27.3B
Next fiscal year
Earnings
2026-10-29
Revenue est. $6.7B · Updated 2h ago
Dividend
$0.88
2026-09-30

Fundamental detail

Annual + quarterly
Latest revenue$25.1B
Net margin+12.9%
Free cash flow$4.3B
Net debt$12.3B
2020$14.4B
2021$17.1B
2022$18.4B
2023$20.5B
2024$22.6B
2025$25.1B
PeriodRevenueGrowthNet incomeFCF
2020$14.4B-4%$1.6B$2.8B
2021$17.1B+19%$2B$2.7B
2022$18.4B+8%$2.4B$2B
2023$20.5B+11%$3.2B$3.1B
2024$22.6B+10%$3B$3.5B
2025$25.1B+11%$3.2B$4.3B
PeriodGross marginOperating marginNet marginROEROA
2020+61.0%+21.1%+11.1%+12.2%+4.7%
2021+62.6%+22.0%+11.7%+13.4%+5.8%
2022+59.8%+20.2%+12.8%+14.2%+6.4%
2023+61.0%+20.9%+15.4%+17.0%+7.9%
2024+61.9%+22.4%+13.2%+14.5%+7.0%
2025+64.0%+19.5%+12.9%+14.5%+6.8%
PeriodCashDebtNet debtCurrent ratio
2020$2.9B$14.4B$11.5B1.93
2021$2.9B$12.9B$10B2.20
2022$1.8B$13.5B$11.7B1.63
2023$3B$13.5B$10.5B1.58
2024$3.7B$14.1B$10.5B1.95
2025$4B$16.4B$12.3B1.89
PeriodMarket capEnterprise valueP/SP/E
2020$92B$103.5B6.457.5
2021$100.8B$110.8B5.950.6
2022$92.5B$104.1B5.039.2
2023$113.7B$124.2B5.535.9
2024$137.2B$147.6B6.145.8
2025$134.3B$146.7B5.341.4
Q3 2024$5.5B
Q4 2024$6.4B
Q1 2025$5.9B
Q2 2025$6B
Q3 2025$6.1B
Q4 2025$7.2B
Q1 2026$6B
Q2 2026$6.6B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$5.5B+12%$834M$1.3B
Q4 2024$6.4B+11%$546M$1.7B
Q1 2025$5.9B+12%$654M$127M
Q2 2025$6B+11%$884M$928M
Q3 2025$6.1B+10%$859M$1.4B
Q4 2025$7.2B+11%$849M$1.9B
Q1 2026$6B+3%$745M$415M
Q2 2026$6.6B+9%$1.3B$1.1B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+61.8%+22.0%+15.2%+4.1%+1.9%
Q4 2024+62.0%+25.8%+8.5%+2.6%+1.3%
Q1 2025+62.7%+20.1%+11.1%+3.1%+1.4%
Q2 2025+62.3%+22.6%+14.7%+4.2%+1.9%
Q3 2025+63.6%+18.7%+14.2%+3.9%+1.8%
Q4 2025+65.2%+27.3%+11.8%+3.8%+1.8%
Q1 2026+63.3%+15.5%+12.4%+3.2%+1.6%
Q2 2026+68.3%+25.2%+19.4%+5.3%+2.7%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$3.9B$16B$12.2B1.91
Q4 2024$3.7B$14.1B$10.5B1.95
Q1 2025$2.3B$17.4B$15B1.64
Q2 2025$2.4B$17.1B$14.8B1.78
Q3 2025$3.3B$17.5B$14.3B1.85
Q4 2025$4B$16.4B$12.3B1.89
Q1 2026$2.9B$15.2B$12.4B2.11
Q2 2026$3.4B$14.9B$11.6B2.16
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$137.7B$149.8B25.141.2
Q4 2024$137.2B$147.6B21.362.9
Q1 2025$142.1B$157.1B24.254.4
Q2 2025$151.2B$166B25.142.6
Q3 2025$141.4B$155.6B23.341.1
Q4 2025$134.4B$146.8B18.739.8
Q1 2026$125.8B$138.2B20.942.1
Q2 2026$120.7B$132.3B18.323.7

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$6.6BQ2 2026
$1.8B$3.6B$5.4B$7.2BQ3 2023: $4.9BQ4 2023: $5.8BQ1 2024: $5.2BQ2 2024: $5.4BQ3 2024: $5.5BQ4 2024: $6.4BQ1 2025: $5.9BQ2 2025: $6BQ3 2025: $6.1BQ4 2025: $7.2BQ1 2026: $6BQ2 2026: $6.6BQ3 2023Q2 2026
Net income$1.3BQ2 2026
$319M$638M$957M$1.3BQ3 2023: $692MQ4 2023: $1.1BQ1 2024: $788MQ2 2024: $825MQ3 2024: $834MQ4 2024: $546MQ1 2025: $654MQ2 2025: $884MQ3 2025: $859MQ4 2025: $849MQ1 2026: $745MQ2 2026: $1.3BQ3 2023Q2 2026
EBITDA$1.6BQ2 2026
$507.5M$1B$1.5B$2BQ3 2023: $1.1BQ4 2023: $1.5BQ1 2024: $1.2BQ2 2024: $1.3BQ3 2024: $1.3BQ4 2024: $792MQ1 2025: $1BQ2 2025: $1.5BQ3 2025: $1.4BQ4 2025: $2BQ1 2026: $1.3BQ2 2026: $1.6BQ3 2023Q2 2026
Free cash flow$1.1BQ2 2026
$468.8M$937.5M$1.4B$1.9BQ3 2023: $902MQ4 2023: $1.4BQ1 2024: $37MQ2 2024: $481MQ3 2024: $1.3BQ4 2024: $1.7BQ1 2025: $127MQ2 2025: $928MQ3 2025: $1.4BQ4 2025: $1.9BQ1 2026: $415MQ2 2026: $1.1BQ3 2023Q2 2026
EPS$3.3Q2 2026
$0.83$1.65$2.47$3.3Q3 2023: $1.8Q4 2023: $2.98Q1 2024: $2.05Q2 2024: $2.14Q3 2024: $2.16Q4 2024: $1.41Q1 2025: $1.69Q2 2025: $2.29Q3 2025: $2.22Q4 2025: $2.2Q1 2026: $1.93Q2 2026: $3.3Q3 2023Q2 2026
Cash / Debt$3.4BQ2 2026
$4.4B$8.8B$13.1B$17.5BQ3 2023 · Cash: $1.9BQ3 2023 · Debt: $13.2BQ4 2023 · Cash: $3BQ4 2023 · Debt: $13.5BQ1 2024 · Cash: $2.3BQ1 2024 · Debt: $13.4BQ2 2024 · Cash: $1.9BQ2 2024 · Debt: $12.7BQ3 2024 · Cash: $3.9BQ3 2024 · Debt: $16BQ4 2024 · Cash: $3.7BQ4 2024 · Debt: $14.1BQ1 2025 · Cash: $2.3BQ1 2025 · Debt: $17.4BQ2 2025 · Cash: $2.4BQ2 2025 · Debt: $17.1BQ3 2025 · Cash: $3.3BQ3 2025 · Debt: $17.5BQ4 2025 · Cash: $4BQ4 2025 · Debt: $16.4BQ1 2026 · Cash: $2.9BQ1 2026 · Debt: $15.2BQ2 2026 · Cash: $3.4BQ2 2026 · Debt: $14.9BQ3 2023Q2 2026
CashDebt
Profitability+68.3%Q2 2026
+17.1%+34.1%+51.2%+68.3%Q3 2023 · Gross margin: +61.5%Q4 2023 · Gross margin: +61.1%Q1 2024 · Gross margin: +60.9%Q2 2024 · Gross margin: +61.3%Q3 2024 · Gross margin: +61.8%Q4 2024 · Gross margin: +62.0%Q1 2025 · Gross margin: +62.7%Q2 2025 · Gross margin: +62.3%Q3 2025 · Gross margin: +63.6%Q4 2025 · Gross margin: +65.2%Q1 2026 · Gross margin: +63.3%Q2 2026 · Gross margin: +68.3%Q3 2023 · Operating margin: +20.2%Q4 2023 · Operating margin: +24.5%Q1 2024 · Operating margin: +19.1%Q2 2024 · Operating margin: +21.4%Q3 2024 · Operating margin: +22.0%Q4 2024 · Operating margin: +25.8%Q1 2025 · Operating margin: +20.1%Q2 2025 · Operating margin: +22.6%Q3 2025 · Operating margin: +18.7%Q4 2025 · Operating margin: +27.3%Q1 2026 · Operating margin: +15.5%Q2 2026 · Operating margin: +25.2%Q3 2023 · Net margin: +14.1%Q4 2023 · Net margin: +19.7%Q1 2024 · Net margin: +15.0%Q2 2024 · Net margin: +15.2%Q3 2024 · Net margin: +15.2%Q4 2024 · Net margin: +8.5%Q1 2025 · Net margin: +11.1%Q2 2025 · Net margin: +14.7%Q3 2025 · Net margin: +14.2%Q4 2025 · Net margin: +11.8%Q1 2026 · Net margin: +12.4%Q2 2026 · Net margin: +19.4%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+9.4%Q2 2026
+3.0%+6.0%+8.9%+11.9%Q3 2024: +11.9%Q4 2024: +10.7%Q1 2025: +11.9%Q2 2025: +11.1%Q3 2025: +10.2%Q4 2025: +11.4%Q1 2026: +2.6%Q2 2026: +9.4%Q3 2023Q2 2026
Shares outstanding386MQ2 2026
96.7M193.4M290M386.7MQ3 2023: 384MQ4 2023: 383.9MQ1 2024: 385.1MQ2 2024: 385.4MQ3 2024: 385.6MQ4 2024: 386.1MQ1 2025: 386.4MQ2 2025: 386.4MQ3 2025: 386.7MQ4 2025: 386.5MQ1 2026: 386.5MQ2 2026: 386MQ3 2023Q2 2026
Valuation23.7Q2 2026
15.731.547.262.9Q3 2023 · P/E: 37.5Q4 2023 · P/E: 24.9Q1 2024 · P/E: 42.8Q2 2024 · P/E: 38.8Q3 2024 · P/E: 41.2Q4 2024 · P/E: 62.9Q1 2025 · P/E: 54.4Q2 2025 · P/E: 42.6Q3 2025 · P/E: 41.1Q4 2025 · P/E: 39.8Q1 2026 · P/E: 42.1Q2 2026 · P/E: 23.7Q3 2023 · P/S: 21.1Q4 2023 · P/S: 19.6Q1 2024 · P/S: 25.7Q2 2024 · P/S: 23.6Q3 2024 · P/S: 25.1Q4 2024 · P/S: 21.3Q1 2025 · P/S: 24.2Q2 2025 · P/S: 25.1Q3 2025 · P/S: 23.3Q4 2025 · P/S: 18.7Q1 2026 · P/S: 20.9Q2 2026 · P/S: 18.3Q3 2023Q2 2026
P/EP/S
Revenue$25.1B2025
$6.3B$12.6B$18.8B$25.1B2018: $13.6B2019: $14.9B2020: $14.4B2021: $17.1B2022: $18.4B2023: $20.5B2024: $22.6B2025: $25.1B20182025
Net income$3.2B2025
$888.3M$1.8B$2.7B$3.6B2018: $3.6B2019: $2.1B2020: $1.6B2021: $2B2022: $2.4B2023: $3.2B2024: $3B2025: $3.2B20182025
EBITDA$6.3B2025
$1.6B$3.2B$4.7B$6.3B2018: $3.3B2019: $3.6B2020: $3.1B2021: $3.6B2022: $4B2023: $5.1B2024: $4.9B2025: $6.3B20182025
Free cash flow$4.3B2025
$1.1B$2.1B$3.2B$4.3B2018: $2B2019: $1.5B2020: $2.8B2021: $2.7B2022: $2B2023: $3.1B2024: $3.5B2025: $4.3B20182025
EPS$8.42025
$2.34$4.67$7.01$9.342018: $9.342019: $5.482020: $4.22021: $5.222022: $6.172023: $8.252024: $7.762025: $8.420182025
Cash / Debt$4B2025
$4.1B$8.2B$12.3B$16.4B2018 · Cash: $3.6B2018 · Debt: $9.9B2019 · Cash: $4.3B2019 · Debt: $11.5B2020 · Cash: $2.9B2020 · Debt: $14.4B2021 · Cash: $2.9B2021 · Debt: $12.9B2022 · Cash: $1.8B2022 · Debt: $13.5B2023 · Cash: $3B2023 · Debt: $13.5B2024 · Cash: $3.7B2024 · Debt: $14.1B2025 · Cash: $4B2025 · Debt: $16.4B20182025
CashDebt
Profitability+64.0%2025
+16.0%+32.0%+48.0%+64.0%2018 · Gross margin: +63.2%2019 · Gross margin: +63.0%2020 · Gross margin: +61.0%2021 · Gross margin: +62.6%2022 · Gross margin: +59.8%2023 · Gross margin: +61.0%2024 · Gross margin: +61.9%2025 · Gross margin: +64.0%2018 · Operating margin: +22.8%2019 · Operating margin: +22.8%2020 · Operating margin: +21.1%2021 · Operating margin: +22.0%2022 · Operating margin: +20.2%2023 · Operating margin: +20.9%2024 · Operating margin: +22.4%2025 · Operating margin: +19.5%2018 · Net margin: +26.1%2019 · Net margin: +14.0%2020 · Net margin: +11.1%2021 · Net margin: +11.7%2022 · Net margin: +12.8%2023 · Net margin: +15.4%2024 · Net margin: +13.2%2025 · Net margin: +12.9%20182025
Gross marginOperating marginNet margin
Revenue growth+11.2%2025
+2.1%+7.8%+13.5%+19.2%2019: +9.4%2020: -3.6%2021: +19.2%2022: +7.8%2023: +11.1%2024: +10.2%2025: +11.2%20182025
Shares outstanding382.2M2025
96.4M192.8M289.2M385.6M2018: 380.3M2019: 379.9M2020: 380.3M2021: 382.3M2022: 382.2M2023: 383.7M2024: 385.6M2025: 382.2M20182025
Valuation41.42025
14.428.843.157.52018 · P/E: 16.52019 · P/E: 37.72020 · P/E: 57.52021 · P/E: 50.62022 · P/E: 39.22023 · P/E: 35.92024 · P/E: 45.82025 · P/E: 41.42018 · P/S: 4.32019 · P/S: 5.32020 · P/S: 6.42021 · P/S: 5.92022 · P/S: 5.02023 · P/S: 5.52024 · P/S: 6.12025 · P/S: 5.320182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202615.00$27.3B+9%16
FY 202716.74$29.6B+18%16
FY 202818.62$31.9B+27%7
FY 202920.78$34.9B+39%2
FY 203023.10$37.9B+51%4
Q1 20273.30$6.7B+11%8

Company events

6
2026-10-29EarningsActual - / Estimate 3.62-
2026-09-30Dividend$0.88-
2026-07-30EarningsActual 3.69 / Estimate 3.49Beat
2026-06-30Dividend$0.88-
2026-04-30EarningsActual 2.6 / Estimate 2.98Miss
2026-03-31Dividend$0.88-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
VRTX$129B10.229.3+34.9%3REGN$80.8B5.218.7+27.9%6ISRG$139B12.644.4+28.4%8BSX$64.4B3.117.5+17.5%2MRNA$61.1B27.4-19.3-141.4%21PFE$157.3B2.536.5+6.8%3BIIB$31.8B3.237.9+8.4%3GILD$186.4B6.1-57.7-10.6%7

Analyst track record

How the analysts covering SYK have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings156421
Analysts3639
Buy / hold / sell133 / 23 / 0347 / 74 / 0
Upgrades / downgrades / initiations4 / 1 / 57 / 1 / 9
Price targets hit / missed0 / 138 (0%)1 / 378 (0%)
Avg. return after a rating (TipRanks)-30.9%-28.6%
Best / worst call-11.1% / -40.3%+3.8% / -40.3%

After buy calls on this stock: median 21-day move +1.2% vs S&P 500 0.0% (n = 340)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Ryan ZimmermanBTIG81% hit rate on this stock · 26 targets measuredBuytarget $358Aug 27, 2026
  2. Vijay KumarEvercore ISI75% hit rate on this stock · 8 targets measuredBuytarget $350Jul 6, 2026
  3. Matthew O'BrienPiper Sandler64% hit rate on this stock · 14 targets measuredBuytarget $390Jul 31, 2026

Latest ratings

DateAnalystCallTarget
Sep 18, 2026William PlovanicCanaccord GenuityBuyReiterated$385article ↗
Sep 16, 2026Kendall AuRBC CapitalBuyReiterated$420article ↗
Sep 16, 2026Larry BiegelsenWells FargoBuyReiterated$348article ↗
Sep 15, 2026Travis SteedBank of America SecuritiesBuyReiterated$380article ↗
Sep 16, 2026Larry BiegelsenWells FargoBuyMaintained$348
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$280$300$320$340$360$380$400$420$440Oct 25 · Buy 16 · Hold 4 · Sell 0Oct 25Nov 25 · Buy 18 · Hold 4 · Sell 0Dec 25 · Buy 19 · Hold 3 · Sell 0Dec 25Jan 26 · Buy 19 · Hold 5 · Sell 0Feb 26 · Buy 20 · Hold 5 · Sell 0Feb 26Mar 26 · Buy 22 · Hold 4 · Sell 0Apr 26 · Buy 22 · Hold 4 · Sell 0Apr 26May 26 · Buy 22 · Hold 5 · Sell 0Jun 26 · Buy 22 · Hold 5 · Sell 0Jun 26Jul 26 · Buy 27 · Hold 5 · Sell 0Aug 26 · Buy 28 · Hold 5 · Sell 0Aug 26Sep 26 · Buy 26 · Hold 4 · Sell 0Oct 25 · avg. target $435Nov 25 · avg. target $435Dec 25 · avg. target $434Jan 26 · avg. target $430Feb 26 · avg. target $429Mar 26 · avg. target $432Apr 26 · avg. target $426May 26 · avg. target $397Jun 26 · avg. target $397Jul 26 · avg. target $390Aug 26 · avg. target $390Sep 26 · avg. target $380Oct 25 · month-end close $356Nov 25 · month-end close $371Dec 25 · month-end close $351Jan 26 · month-end close $370Feb 26 · month-end close $387Mar 26 · month-end close $329Apr 26 · month-end close $315May 26 · month-end close $305Jun 26 · month-end close $315Jul 26 · month-end close $326Aug 26 · month-end close $324Sep 26 · month-end close $280

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 156 ratings