Stryker Corp
SYKNYSESurgical & Medical Instruments & ApparatusFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 19/3020% below fair value
$306.81+14.95 (+5.12%)
Close on Nov 2, 2026Market cap $117.68BP/E 32.7Yield –
Stryker Adjusted Non-GAAP Operating Margin by Year
Adjusted Non-GAAP Operating Margin (%) (%)
Stryker Adjusted Non-GAAP Operating Margin: 26.3% in FY2025, up 1.0 pts from a year earlier.
Latest, FY2025
26.3%
Period ended Dec 31, 2025
Change on a year earlier
+1.0 pts
25.3% in FY2024
History
6 years
Since FY2020
Sources
6
Documents cited below
Where the FY2025 figure comes from
Reported in Stryker Form 8-K Non-GAAP Schedules & Form 10-Q MD&A Margin Bridges.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Adjusted Non-GAAP Operating Margin (%) (%) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 26.3% | +1.0 pts | 0000310764-26-000006|sykex991earningsq42025.htm ↗ |
| FY2024 | Dec 31, 2024 | 25.3% | +1.1 pts | 0000310764-25-000005|sykex991earningsq42024.htm ↗ |
| FY2023 | Dec 31, 2023 | 24.2% | +0.4 pts | 0000310764-24-000005|sykex991earningsq42023.htm ↗ |
| FY2022 | Dec 31, 2022 | 23.8% | -1.8 pts | 0000310764-23-000005|sykex991earningsq42022.htm ↗ |
| FY2021 | Dec 31, 2021 | 25.6% | +1.2 pts | 0000310764-22-000008|sykex991earningsq42021.htm ↗ |
| FY2020 | Dec 31, 2020 | 24.4% | – | 0000310764-21-000005|sykex991earningsq42020.htm ↗ |
Breakdown
What makes up adjusted Non-GAAP Operating Margin
- Adjusted Non-GAAP Gross Margin (%)65.3% · FY2025
- Adjusted Non-GAAP Net Margin (%)21.0% · FY2025
- Adjusted R&D Expense (% of Net Sales)6.2% · FY2025
- Adjusted SG&A Expense (% of Net Sales)32.8% · FY2025
- Adjusted Effective Income Tax Rate (%)15.1% · FY2025
- MedSurg & Neurotechnology Segment Operating Margin (%)–
- Orthopaedics Segment Operating Margin (%)–
- Consolidated Gross Margin Bridge — Volume & Product Mix Impact (bps)–
- Consolidated Gross Margin Bridge — Manufacturing, Cost & Tariffs Impact (bps)–
- MedSurg Segment Margin Bridge — Volume & Mix Impact (bps)–
- MedSurg Segment Margin Bridge — Manufacturing & Cost Impact (bps)–
- Orthopaedics Segment Margin Bridge — Volume & Mix Impact (bps)–
- Orthopaedics Segment Margin Bridge — Manufacturing & Cost Impact (bps)–
Cite this data
StockData. (2026). Stryker Adjusted Non-GAAP Operating Margin (%), annual FY2020–FY2025 [Data set]. Compiled from Stryker SEC filings and investor materials. https://stockdatahq.com/stocks/syk/kpis/core-ng-opm
See every metric in the Stryker KPI table. Data updated Nov 2, 2026.