Filing Flows › Stryker (SYK) › Q4 2025
Stryker (SYK) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 11, 2026
Stryker (SYK) reported revenue of $7.2B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +18% from the quarter before. Operating margin was 25.2%, net earnings $849M (11.8% of revenue).
Stryker, Q4 2025: revenue $7.2B (+11% year over year), operating margin 25.2%, net earnings $849M, operating cash flow $2.1B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.2B | +18% | +11% |
| Gross profit | $4.6B | +20% | +11% |
| Operating profit | $1.8B | +59% | +210% |
| Net earnings | $849M | -1% | +55% |
| Operating cash flow | $2.1B | +39% | +11% |
| Free cash flow | $1.9B | +39% | +13% |
What changed
Revenue was $7.2B in Q4 2025, up 11% year over year and up 18% from the previous quarter.
Gross margin was 64.5%, down 0.3 points from a year earlier. Operating profit was $1.8B, a 25.2% margin (up 16.1 points year over year). Of the extra revenue versus a year earlier, 166% reached operating profit, above the 9% margin then. Operating expenses fell 21% while revenue rose 11%. The fastest-growing cost line was Research & development (+12%). Net earnings were $0.85B, up 55% year over year. The effective tax rate was 50.2%.
Operating cash flow was $2.1B (up 11% year over year), 252% of net earnings. Non-cash charges added back $0.42B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $0.83B. Capital expenditures of $0.27B left free cash flow of $1.9B.
Questions
What was Stryker's revenue in the fourth quarter 2025?
Stryker (SYK) reported revenue of $7.2B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and +18% from the quarter before.
Was Stryker profitable in the fourth quarter 2025?
Operating profit was $1.8B (25.2% of revenue) and net earnings $849M.
Source: Stryker 10-K on SEC EDGAR.