Stryker

SYK Q4 2025 Earnings

Reported Jan 29, 2026 at 4:11 PM ET · SEC Source

Q4 25 EPS

$4.47

BEAT +1.59%

Est. $4.40

Q4 25 Revenue

$7.17B

BEAT +0.98%

Est. $7.10B

vs S&P Since Q4 25

-23.0%

TRAILING MARKET

SYK -18.8% vs S&P +4.1%

Full Year 2025 Results

FY 25 EPS

$13.63

BEAT +0.53%

Est. $13.56

FY 25 Revenue

$25.12B

BEAT +0.28%

Est. $25.05B

Market Reaction

Did SYK Beat Earnings? Q4 2025 Results

Stryker closed out fiscal 2025 on a strong note, delivering a fourth-quarter beat on both the top and bottom lines as the medical device giant crossed a milestone $25 billion in annual revenue for the first time. Adjusted EPS of $4.47 edged past the … Read more Stryker closed out fiscal 2025 on a strong note, delivering a fourth-quarter beat on both the top and bottom lines as the medical device giant crossed a milestone $25 billion in annual revenue for the first time. Adjusted EPS of $4.47 edged past the $4.40 consensus estimate by 1.59%, while revenue of $7.17 billion topped expectations by 0.98% and grew 11.4% year-over-year, driven in large part by the MedSurg and Neurotechnology segment, which posted 17.5% reported growth to $4.56 billion, with Vascular sales surging 58.1% on the strength of the Inari Medical acquisition completed earlier in the year. Adjusted operating income margin expanded 100 basis points to 30.2%, marking the second straight year of at least that level of margin improvement. The company's limited market release of its Mako RPS handheld robotic system adds a promising new dimension to its orthopedic robotics portfolio heading into 2026, when management expects organic net sales growth of 8.0% to 9.5% and adjusted diluted EPS of $14.90 to $15.10.

Key Takeaways

  • Organic net sales growth of 11.0% in Q4 driven by 10.9% increased unit volume and 0.1% higher prices
  • MedSurg and Neurotechnology organic sales growth of 12.6% in Q4
  • Orthopaedics organic sales growth of 8.4% in Q4
  • Vascular segment Q4 sales surged 58.1% driven by the Inari Medical acquisition
  • Adjusted operating margin expanded 100 bps to 30.2% in Q4
  • Strong procedural volumes and capital product demand
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SYK YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

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SYK Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26
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SYK Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We had an outstanding finish to 2025, driving double-digit sales and adjusted earnings per share growth for the fourth quarter and full year while delivering adjusted operating margin expansion of at least 100 basis points for the second consecutive year.”

— Kevin A. Lobo, Q4 2025 Earnings Press Release