Stryker Corporation (SYK) Balance Sheet

NYSE: SYKAssets, liabilities, debt and equity over 10 years.

SYK balance sheet, 2025

December 31, 2025 · U.S. dollars

$47.84B assets = $25.42B liabilities + $22.42B equity

Both columns are drawn to the same scale: what SYK owns equals what it owes plus shareholders’ equity. Hover a block for its value.

SYK financial health

Current ratio1.89

Comfortable · current assets cover current liabilities 1.89×

Debt / equity0.73

Moderate leverage · $0.73 of debt for each $1 of equity

Equity / assets46.9%

Equity-funded · of assets funded by shareholders

Cash / debt25.1%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles52.2%

Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

SYK balance sheet trends, 2016–2025

Stryker Corporation balance sheet trends
Metric	Then	Latest	Change
Total assets	$20.43B2016	$47.84B2025	+9.9%/yr
Total liabilities	$10.88B2016	$25.42B2025	+9.9%/yr
Shareholders’ equity	$9.55B2016	$22.42B2025	+9.9%/yr
Cash & short-term investments	$3.38B2016	$4.10B2025	+2.2%/yr
Total debt	$6.91B2016	$16.36B2025	+10.0%/yr
Net cash (debt)	−$3.53B2016	−$12.26B2025	−$8.7B
Working capital	$5.31B2016	$6.96B2025	+$1.7B
Book value per share	$25.232016	$58.662025	+9.8%/yr
Current ratio	3.082016	1.892025	−1.18
Debt / equity	0.722016	0.732025	+0.01
Shares outstanding	378.5M2016	382.2M2025	+0.1%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

SYK assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

SYK liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

SYK debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

SYK balance sheet

Stryker Corporation annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$4.10B	$4.40B	$3.05B	$1.93B	$3.02B	$3.02B	$4.42B	$3.70B	$2.79B	$3.38B
Cash & equivalents	$4.01B	$3.65B	$2.97B	$1.84B	$2.94B	$2.94B	$4.34B	$3.62B	$2.54B	$3.32B
Short-term investments	$89.0M	$750.0M	$82.0M	$84.0M	$75.0M	$81.0M	$88.0M	$83.0M	$251.0M	$68.0M
Receivables	$4.04B	$3.99B	$3.77B	$3.56B	$3.02B	$2.70B	$2.89B	$2.33B	$2.20B	$1.97B
Inventory	$5.31B	$4.77B	$4.84B	$4.00B	$3.31B	$3.49B	$3.28B	$2.96B	$2.46B	$2.03B
Other current assets	$1.31B	$1.68B	$857.0M	$787.0M	$662.0M	$488.0M	$760.0M	$747.0M	$537.0M	$480.0M
Total current assets	$14.76B	$14.85B	$12.52B	$10.28B	$10.02B	$9.71B	$11.36B	$9.73B	$7.99B	$7.86B
Property, plant & equipment (net)	$4.39B	$3.45B	$3.71B	$3.44B	$2.83B	$2.75B	$2.57B	$2.29B	$1.98B	$1.57B
Goodwill & intangible assets	$24.97B	$20.25B	$19.84B	$19.77B	$17.76B	$18.33B	$13.30B	$12.73B	$10.64B	$9.86B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$5.0M	$9.0M
Other non-current assets	$3.72B	$4.43B	$3.85B	$3.40B	$4.02B	$3.54B	$2.94B	$2.48B	$1.56B	$1.13B
Total assets	$47.84B	$42.97B	$39.91B	$36.88B	$34.63B	$34.33B	$30.17B	$27.23B	$22.18B	$20.43B
Liabilities
Accounts payable	$1.80B	$1.68B	$1.52B	$1.41B	$1.13B	$810.0M	$675.0M	$646.0M	$487.0M	$437.0M
Short-term debt	$1.15B	$1.41B	$2.24B	$1.31B	$7.0M	$761.0M	$859.0M	$1.37B	$632.0M	$228.0M
Deferred revenue	—	—	$1.55B	—	—	—	—	$158.0M	−$53.0M	−$554.0M
Total current liabilities	$7.79B	$7.62B	$7.92B	$6.30B	$4.55B	$5.04B	$4.40B	$4.81B	$3.29B	$2.55B
Long-term debt	$14.86B	$12.19B	$10.90B	$11.86B	$12.47B	$13.23B	$10.23B	$8.49B	$6.59B	$6.69B
Other long-term liabilities	$2.77B	$2.53B	$2.50B	$2.11B	$2.73B	$2.98B	$2.73B	$2.21B	$2.31B	$1.65B
Total liabilities	$25.42B	$22.34B	$21.32B	$20.27B	$19.75B	$21.25B	$17.36B	$15.50B	$12.19B	$10.88B
Shareholders' equity
Common stock & paid-in capital	$38.0M	$38.0M	$38.0M	$38.0M	$38.0M	$38.0M	$37.0M	$37.0M	$37.0M	$37.0M
Retained earnings (deficit)	$20.47B	$18.53B	$16.77B	$14.77B	$13.48B	$12.46B	$11.75B	$10.77B	$8.99B	$8.84B
Treasury stock	—	—	—	—	—	—	—	—	$0	$0
Accumulated other comprehensive income	−$687.0M	−$293.0M	−$416.0M	−$221.0M	−$531.0M	−$1.16B	−$606.0M	−$631.0M	−$553.0M	−$761.0M
Minority interest	—	—	—	—	—	—	—	—	$14.0M	$0
Total shareholders' equity	$22.42B	$20.63B	$18.59B	$16.62B	$14.88B	$13.08B	$12.81B	$11.73B	$9.99B	$9.55B
Key figures
Total debt	$16.36B	$14.12B	$13.49B	$13.53B	$12.48B	$13.99B	$11.09B	$9.86B	$7.22B	$6.91B
Net cash (debt)	−$12.26B	−$9.72B	−$10.44B	−$11.60B	−$9.46B	−$10.97B	−$6.67B	−$6.16B	−$4.43B	−$3.53B
Working capital	$6.96B	$7.23B	$4.60B	$3.97B	$5.47B	$4.67B	$6.96B	$4.93B	$4.70B	$5.31B
Tangible book value	−$2.55B	$384.0M	−$1.24B	−$3.15B	−$2.88B	−$5.25B	−$489.0M	−$996.0M	−$651.0M	−$314.0M
Book value per share	$58.66	$53.51	$48.46	$43.47	$38.91	$34.40	$33.71	$30.84	$26.29	$25.23
Shares outstanding	382.2M	385.6M	383.7M	382.2M	382.3M	380.3M	379.9M	380.3M	380.1M	378.5M
Current ratio	1.89	1.95	1.58	1.63	2.20	1.93	2.58	2.02	2.43	3.08
Quick ratio	1.04	1.10	0.86	0.87	1.33	1.14	1.66	1.25	1.52	2.10
Debt / equity	0.73	0.68	0.73	0.81	0.84	1.07	0.87	0.84	0.72	0.72
Equity / assets	46.9%	48.0%	46.6%	45.0%	43.0%	38.1%	42.5%	43.1%	45.1%	46.7%

Stryker Corporation quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$3.48B	$2.96B	$4.10B	$3.34B	$2.46B	$2.41B	$4.49B	$4.68B	$1.96B	$2.41B	$3.05B	$1.94B
Cash & equivalents	$3.39B	$2.88B	$4.01B	$3.26B	$2.38B	$2.32B	$3.65B	$3.85B	$1.87B	$2.33B	$2.97B	$1.86B
Short-term investments	$85.0M	$87.0M	$89.0M	$87.0M	$89.0M	$89.0M	$841.0M	$834.0M	$83.0M	$77.0M	$82.0M	$76.0M
Receivables	$3.74B	$3.57B	$4.04B	$3.64B	$3.92B	$3.96B	$3.99B	$3.74B	$3.62B	$3.47B	$3.77B	$3.28B
Inventory	$5.52B	$5.42B	$5.31B	$5.37B	$5.29B	$5.11B	$4.77B	$5.29B	$5.04B	$5.03B	$4.84B	$4.88B
Other current assets	$1.68B	$1.38B	$1.31B	$1.35B	$1.33B	$1.55B	$1.59B	$961.0M	$1.02B	$986.0M	$857.0M	$950.0M
Total current assets	$14.42B	$13.34B	$14.76B	$13.71B	$13.00B	$13.02B	$14.85B	$14.67B	$11.64B	$11.89B	$12.52B	$11.04B
Property, plant & equipment (net)	$4.48B	$4.42B	$4.39B	$3.73B	$4.25B	$4.11B	$3.96B	$3.94B	$3.83B	$3.79B	$3.71B	$3.11B
Goodwill & intangible assets	$25.33B	$24.70B	$24.97B	$25.10B	$25.14B	$25.22B	$20.25B	$21.34B	$19.77B	$19.86B	$19.84B	$19.87B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$3.71B	$3.83B	$3.72B	$4.51B	$3.93B	$3.66B	$3.91B	$3.88B	$3.89B	$3.87B	$3.85B	$4.02B
Total assets	$47.93B	$46.29B	$47.84B	$47.06B	$46.33B	$46.01B	$42.97B	$43.83B	$39.13B	$39.40B	$39.91B	$38.04B
Liabilities
Accounts payable	$1.66B	$1.59B	$1.80B	$1.50B	$1.44B	$1.46B	$1.68B	$1.34B	$1.30B	$1.25B	$1.52B	$1.30B
Short-term debt	$750.0M	$660.0M	$1.15B	$1.91B	$1.91B	$2.56B	$1.55B	$2.31B	$2.24B	$2.21B	$2.24B	$10.38B
Deferred revenue	—	—	—	—	—	—	—	−$1.34B	−$11.43B	−$1.25B	$7.32B	−$1.30B
Total current liabilities	$6.68B	$6.32B	$7.79B	$7.41B	$7.29B	$7.93B	$7.62B	$7.67B	$6.93B	$6.96B	$7.92B	$7.46B
Long-term debt	$14.19B	$14.22B	$14.86B	$14.85B	$14.83B	$14.38B	$12.19B	$13.32B	$10.13B	$10.81B	$10.90B	$10.38B
Other long-term liabilities	$3.07B	$2.77B	$2.77B	$3.01B	$3.02B	$2.76B	$2.53B	$2.69B	$2.31B	$2.47B	$2.50B	$2.30B
Total liabilities	$23.94B	$23.31B	$25.42B	$25.27B	$25.14B	$25.08B	$22.34B	$23.68B	$19.37B	$20.23B	$21.32B	$20.14B
Shareholders' equity
Common stock & paid-in capital	$38.0M	$38.0M	$38.0M	$38.0M	$38.0M	$38.0M	$38.0M	$38.0M	$38.0M	$38.0M	$38.0M	$38.0M
Retained earnings (deficit)	$21.82B	$20.88B	$20.47B	$19.96B	$19.42B	$18.86B	$18.53B	$18.30B	$17.77B	$17.25B	$16.77B	$15.93B
Accumulated other comprehensive income	−$576.0M	−$583.0M	−$687.0M	−$766.0M	−$762.0M	−$409.0M	−$293.0M	−$545.0M	−$355.0M	−$377.0M	−$416.0M	−$249.0M
Total shareholders' equity	$23.99B	$22.98B	$22.42B	$21.79B	$21.19B	$20.93B	$20.63B	$20.15B	$19.76B	$19.17B	$18.59B	$17.91B
Key figures
Total debt	$14.94B	$15.23B	$16.36B	$17.51B	$17.13B	$17.36B	$14.12B	$16.01B	$12.74B	$13.40B	$13.49B	$10.38B
Net cash (debt)	−$11.47B	−$12.27B	−$12.26B	−$14.17B	−$14.66B	−$14.95B	−$9.63B	−$11.32B	−$10.79B	−$10.99B	−$10.44B	−$8.45B
Working capital	$7.73B	$7.02B	$6.96B	$6.30B	$5.71B	$5.09B	$7.23B	$7.00B	$4.72B	$4.94B	$4.60B	$3.59B
Tangible book value	−$1.34B	−$1.73B	−$2.55B	−$3.32B	−$3.95B	−$4.29B	$384.0M	−$1.19B	−$9.0M	−$688.0M	−$1.24B	−$1.96B
Book value per share	$62.15	$59.45	$58.01	$56.34	$54.84	$54.17	$53.44	$52.25	$51.28	$49.78	$48.43	$46.63
Shares outstanding	386.0M	386.5M	386.5M	386.7M	386.4M	386.4M	386.1M	385.6M	385.4M	385.1M	383.9M	384.0M
Current ratio	2.16	2.11	1.89	1.85	1.78	1.64	1.95	1.91	1.68	1.71	1.58	1.48
Quick ratio	1.08	1.03	1.04	0.94	0.88	0.80	1.11	1.10	0.81	0.85	0.86	0.70
Debt / equity	0.62	0.66	0.73	0.80	0.81	0.83	0.68	0.79	0.64	0.70	0.73	0.58
Equity / assets	50.0%	49.6%	46.9%	46.3%	45.7%	45.5%	48.0%	46.0%	50.5%	48.7%	46.6%	47.1%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 11, 2026); data from EODHD.

SYK financial position

At the end of fiscal 2025 (December 31, 2025), Stryker had total assets of $47.8 billion (up 11.3% from a year earlier), total liabilities of $25.4 billion and shareholders' equity of $22.4 billion. It held $4.1 billion in cash and short-term investments against $16.4 billion of debt, net debt of $12.3 billion. Its current ratio was 1.89. In the latest quarter (ended June 30, 2026) total assets were $47.9 billion and equity $24.0 billion.

Related: SYK income statement, SYK cash flow statement, SYK key metrics. See the SYK stock overview for the latest quote and news.

SYK balance sheet FAQ

What are Stryker's total assets?

Stryker reported total assets of $47.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $43.0 billion a year earlier.

How much debt does Stryker have?

Stryker had $16.4 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.73.

How much cash does Stryker have?

Stryker held $4.1 billion in cash and short-term investments at the end of fiscal 2025; with $16.4 billion of debt that is net debt of $12.3 billion.

What is Stryker's book value?

Stryker's shareholders' equity (book value) was $22.4 billion at the end of fiscal 2025, or $58.66 per share.

What is Stryker's current ratio?

Stryker had current assets of $14.8 billion and current liabilities of $7.8 billion, a current ratio of 1.89 (it can cover its short-term obligations).

How much goodwill does Stryker have?

Stryker carried $25.0 billion of goodwill and intangible assets, 52.2% of total assets, at the end of fiscal 2025.