Stryker (SYK) Operating Margin (2009 - 2026)

Stryker's (SYK) quarterly Operating Margin came in at 15.55% in Q1 2026, up 128.0% year-on-year from 6.82% in Q1 2025, and down 38.2% on a QoQ basis from 25.16% in Q4 2025.

Stryker (SYK) Operating Margin (2009 - 2026) Analysis & Trends

Stryker (SYK) has 18 years of Operating Margin data on file, last reported at 15.55% in Q1 2026.

  • On a quarterly basis, Operating Margin rose 128.0% year-over-year to 15.55% in Q1 2026; TTM through Mar 2026 was 19.74%, a 443.0% increase from a year earlier, with the FY2025 full-year figure at 19.47%, up 314.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 15.55%, down from 25.16% in the prior quarter.
  • Over the last five years, Operating Margin for SYK reached as high as 25.16% in Q4 2025 and fell as low as 9.03% in Q4 2024.
  • Historically, Operating Margin has averaged 17.38% across 5 years, with a median of 18.48% in 2025.
  • Across the five-year window, Operating Margin plunged 1259 bps in 2024 and soared 1613 bps in 2025, its largest moves.
  • Year by year, Operating Margin stood at 15.65% in 2022, then surged by 38 bps to 21.62% in 2023, then tumbled by 58 bps to 9.03% in 2024, then soared by 179 bps to 25.16% in 2025, then sank by 38 bps to 15.55% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 15.55% in Q1 2026, 25.16% in Q4 2025, and 18.74% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Abbott Laboratories 201.40 Bn 194.75 Bn 6.27 Bn 12.05%
2 Stryker 122.29 Bn 119.41 Bn 3.81 Bn 15.55%
3 Medtronic 105.01 Bn 96.40 Bn 6.41 Bn 19.10%
4 Boston Scientific 64.81 Bn 63.59 Bn 3.61 Bn 21.16%
5 Edwards Lifesciences 55.28 Bn 51.60 Bn 1.29 Bn 28.97%
6 Dexcom 29.06 Bn 27.94 Bn 750.30 Mn 21.42%
7 Koninklijke Philips 29.02 Bn 25.93 Bn 2.07 Bn 6.17%
8 GE HealthCare Technologies 28.27 Bn 26.20 Bn 1.98 Bn 10.04%
9 Smith & Nephew 25.80 Bn 25.22 Bn - -
10 Steris 20.59 Bn 20.16 Bn 697.10 Mn 19.94%

Historic Data

Download Data
DateValue
Mar 31, 2026 15.55%
Dec 31, 2025 25.16%
Sep 30, 2025 18.74%
Jun 30, 2025 18.48%
Mar 31, 2025 14.27%
Dec 31, 2024 9.03%
Sep 30, 2024 19.75%
Jun 30, 2024 19.38%
Mar 31, 2024 18.54%
Dec 31, 2023 21.62%
Sep 30, 2023 18.97%
Jun 30, 2023 19.32%
Mar 31, 2023 15.38%
Dec 31, 2022 15.65%
Sep 30, 2022 18.04%
Jun 30, 2022 17.18%
Mar 31, 2022 10.46%
Dec 31, 2021 17.42%
Sep 30, 2021 13.80%
Jun 30, 2021 17.05%