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SYK

SYK

Stryker Corporation
$297.60
-2.23% Oct 21 close
Health CareS&P 500 CompareTechnicals
-29%-17%-6%+6%+17%Oct 2025Oct 2026Apr 2026
SYKSPY
1W
+5.7%
1M
+8.9%
3M
-3.5%
6M
-9.1%
YTD
-14.6%
1Y
-20.8%

Live chart

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What they do

Stryker Corporation operates as a medical technology company in the United States and internationally. It operates through two segments, MedSurg and Neurotechnology, and Orthopaedics. The MedSurg and Neurotechnology segment offers surgical equipment, patient and caregiver safety technologies, navigation systems, endoscopic and communications systems.

Healthcare · Medical Devices

For information only · Important disclosures

Grades vs sector

Momentum
13th percentile in sector
D-
12-1 return: -21.8%
Percentile within its GICS sector across the S&P 1500.
Growth
54th percentile in sector
C+
Revenue growth (YoY): +9.4%
Percentile within its GICS sector across the S&P 1500.
Value
46th percentile in sector
C
Forward E/P: 5.7% · EBITDA/EV: 5.9%
Percentile within its GICS sector across the S&P 1500.
Profitability
67th percentile in sector
B
Profit margin: +14.4% · Return on equity: +16.5%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
ranked 408 of 499 · 12-month momentum -11.7%
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Stryker stock may move 6.3% on Oct. 29 earnings release
Investing.com · 1h ago

Key stats

Market value$114.2B
P/E (last 12 months)30.8
P/E (next 12 months, estimated)17.9
52-week range$267.00 – $392.55
Revenue growth (latest quarter vs a year ago)+9.4%
Dividend yield1.16%
Analyst consensusBuy (26)
Average analyst price target$362.62 (+22%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans undervalued
Model read-out from the numbers below, not advice. Score +1 (DCF counts double).
•DCF (base case)above the price by 6%
•Forward P/E vs sector17.9x vs median 17.6x
•Piotroski F-score5/9
▲Altman Z4.6 (safe)
•Net debt / EBITDA1.5x
▲Analyst target+22% (26 analysts)

Discounted cash flow

Bear
$179
-40%
growth 5% · disc. 9.2% · term. 2.0%
Base
$315
+6%
growth 10% · disc. 8.2% · term. 2.5%
Bull
$522
+76%
growth 13% · disc. 7.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 7% a year for 10 years.
Implied
+7%/yr
FCF, last 3 yrs
+28%/yr
FCF, last 5 yrs
+9%/yr
Revenue, last 3 yrs
+11%/yr
Revenue, last 5 yrs
+12%/yr
Same inputs as the DCF above: trailing free cash flow 4.7B, 8.2% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.78 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Health Care

P/E (trailing)
sector median 29.9× · 52nd pct
30.8×
pricier
Forward P/E
sector median 17.6× · 51st pct
17.9×
pricier
EV / EBITDA
sector median 15.8× · 58th pct
17.5×
pricier
Price / sales
sector median 3.1× · 66th pct
4.4×
pricier
Price / book
sector median 3.5× · 86th pct
9.7×
pricier
FCF yield
sector median 4.1% · 51st pct
4.1%
cheaper

Forward EPS $16.66 vs trailing $9.65 (+73% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO
$125.0M
as of 2018-03-31
vs a year ago
–
YoY
× TTM revenue
0.00×
coverage
18-03

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
65.0%
Operating margin
21.4%
FCF margin
18.2%
Net margin
14.4%
Return on equity
31.8%
Return on invested capital
17.7%
Net debt / EBITDA
1.5×
Current ratio
2.2×
Interest cover
9.2×
Cash conversion (OCF/NI)
1.5×
Piotroski F-score 5/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✓ Gross margin improved✗ Asset turnover improved

Altman Z-score 4.6 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$363
+22%
Analysts
26
Buy
Range
$298–$465
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$25.1B$3.2B$4.3B
2024$22.6B$3.0B$3.5B
2023$20.5B$3.2B$3.1B
2022$18.4B$2.4B$2.0B
2021$17.1B$2.0B$2.7B
2020$14.4B$1.6B$2.8B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +10.8%.

Earnings

Next report: 2026-10-29 · after close · EPS est 3.55
24-1025-0125-0525-0725-1026-0126-0426-070.004.47
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-07-303.493.69+5.8%
2026-04-302.982.60-12.9%
2026-01-294.404.47+1.7%
2025-10-303.133.19+1.9%
2025-07-313.073.13+1.9%
2025-05-012.732.84+4.0%
2025-01-283.874.01+3.5%
2024-10-292.772.87+3.5%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$6.6B+9.4%
2026-03-31$6.0B–
2025-12-31$7.2B–
2025-09-30$6.1B–
2025-06-30$6.0B–
Rating changes
Reiterated
2026-10-12 · BTIG reiterated Buy on SYK
Reiterated
2026-10-07 · Truist Securities reiterated Hold on SYK
Initiated
2026-10-07 · Barclays started covering SYK at Overweight
Reiterated
2026-09-30 · Stifel reiterated Buy on SYK
Reiterated
2026-09-22 · TD Cowen reiterated Hold on SYK
Reiterated
2026-09-18 · Canaccord Genuity reiterated Buy on SYK

Third-party analyst actions, not Coteau's views. All rating changes

Recent dividends

2026-09-30: $0.880 · 2026-06-30: $0.880 · 2026-03-31: $0.880 · 2025-12-31: $0.880 · 2025-09-30: $0.840 · 2025-06-30: $0.840 · 2025-03-31: $0.840 · 2024-12-31: $0.840
Insider trades
Crotty Dylan Bram
Group President · 2026-08-21
Sell
$144.9K
Stryker Ronda E
Director · 2026-08-19
Sell
$276.5K
Stryker Ronda E
Director · 2026-08-19
Sell
$1.3M
Stryker Ronda E
Director · 2026-08-19
Sell
$1.1M
Stryker Ronda E
Director · 2026-08-19
Sell
$5.7M
Stryker Ronda E
Director · 2026-08-19
Sell
$3.7M
Stryker Ronda E
Director · 2026-08-19
Sell
$3.8M
Stryker Ronda E
Director · 2026-08-19
Sell
$780.1K
Stryker Ronda E
Director · 2026-08-19
Sell
$107.8K
Stryker Ronda E
Director · 2026-08-19
Sell
$26.8K
Stryker Ronda E
Director · 2026-08-19
Sell
$66.8K
Stryker Ronda E
Director · 2026-08-19
Sell
$146.6K

Stats refreshed 2026-10-21 18:02:13 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

Beta 0.9 · Oct 21, 2026