Stryker (SYK) Operating Margin (2009 - 2026)
Stryker (SYK) recorded Operating Margin of 25.18% in Q2 2026, up 6.70 percentage points from 18.48% a year earlier and up 9.63 percentage points from the prior quarter.
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Analysis
Stryker (SYK) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Stryker's Operating Margin came in at 21.42% as of Jun 30, 2026, up 6.24 percentage points year-over-year; for FY2025, it was 19.47%, up 3.14 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +3.98 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 16.33% in FY2024 (-2.64 pp), 18.97% in FY2023 (+3.57 pp), 15.40% in FY2022 (+0.30 pp) and 15.10% in FY2021 (-0.39 pp).
- The Q2 2026 figure is the highest quarterly Operating Margin since Q3 2010.
- On a year-over-year basis, Operating Margin has increased for three consecutive quarters, with an average year-over-year change of +0.76 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 16.13 percentage points in Q4 2025, against a drop of 12.59 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 15.55% (Q1 2026), 25.16% (Q4 2025) and 18.74% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 17.40% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 13.44% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 17.99% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 33.60% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 18.08% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 25.18% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 21.65% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 29.48% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 13.31% |
| 10 | Agilent Technologies | 49.34 Bn | 42.23 Bn | 1.04 Bn | 23.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.18% |
| 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% |
API Access
Stryker Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=SYK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "SYK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=SYK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();