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Boston Scientific vs Stryker: revenue, profit, margins and growth compared

Boston Scientific brought in $20.1B of revenue in fiscal 2025, Stryker $25.1B in fiscal 2025. Revenue changed by +19.9% at Boston Scientific and +11.2% at Stryker on the year before, so Boston Scientific grew faster. Boston Scientific kept 14.4% of its revenue as net profit, Stryker 12.9%. Free cash flow was $3.7B at Boston Scientific and $4.3B at Stryker.

Side by side, latest fiscal year

BSXSYK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$20.1B$25.1B
Revenue growth+19.9%+11.2%
Net income$2.9B$3.2B
Net margin14.4%12.9%
Free cash flow$3.7B$4.3B
Free cash flow margin18.2%17.1%
Earnings per share (diluted)$1.94$8.40
Cash$2B$4B
Debt$11.1B$14.9B
Price to earnings22.632.4
Market value$63.7B$104.5B
Dividend yieldn/an/a
Rank by revenue in sector#30 of 523 · Health care#24 of 523 · Health care

Over the years

Revenue
BSX FY2018: $9.8BBSX FY2019: $10.7BBSX FY2020: $9.9BBSX FY2021: $11.9BBSX FY2022: $12.7BBSX FY2023: $14.2BBSX FY2024: $16.7BBSX FY2025: $20.1BSYK FY2018: $13.6BSYK FY2019: $14.9BSYK FY2020: $14.4BSYK FY2021: $17.1BSYK FY2022: $18.4BSYK FY2023: $20.5BSYK FY2024: $22.6BSYK FY2025: $25.1BFY18FY19FY20FY21FY22FY23FY24FY25
BSX $20.1BSYK $25.1B
Net income
BSX FY2018: $1.7BBSX FY2019: $4.7BBSX FY2020: -$115MBSX FY2021: $985MBSX FY2022: $642MBSX FY2023: $1.6BBSX FY2024: $1.9BBSX FY2025: $2.9BSYK FY2018: $3.6BSYK FY2019: $2.1BSYK FY2020: $1.6BSYK FY2021: $2BSYK FY2022: $2.4BSYK FY2023: $3.2BSYK FY2024: $3BSYK FY2025: $3.2BFY18FY19FY20FY21FY22FY23FY24FY25
BSX $2.9BSYK $3.2B
Net margin
BSX FY2018: 17.0%BSX FY2019: 43.8%BSX FY2020: -1.2%BSX FY2021: 8.3%BSX FY2022: 5.1%BSX FY2023: 11.0%BSX FY2024: 11.1%BSX FY2025: 14.4%SYK FY2018: 26.1%SYK FY2019: 14.0%SYK FY2020: 11.1%SYK FY2021: 11.7%SYK FY2022: 12.8%SYK FY2023: 15.4%SYK FY2024: 13.2%SYK FY2025: 12.9%FY18FY19FY20FY21FY22FY23FY24FY25
BSX 14.4%SYK 12.9%
Revenue growth
BSX FY2019: +9.3%BSX FY2020: -7.7%BSX FY2021: +19.9%BSX FY2022: +6.7%BSX FY2023: +12.3%BSX FY2024: +17.6%BSX FY2025: +19.9%SYK FY2019: +9.4%SYK FY2020: -3.6%SYK FY2021: +19.2%SYK FY2022: +7.8%SYK FY2023: +11.1%SYK FY2024: +10.2%SYK FY2025: +11.2%FY19FY20FY21FY22FY23FY24FY25
BSX +19.9%SYK +11.2%
Free cash flow
BSX FY2018: -$6MBSX FY2019: $1.4BBSX FY2020: $1.1BBSX FY2021: $1.3BBSX FY2022: $938MBSX FY2023: $1.8BBSX FY2024: $2.6BBSX FY2025: $3.7BSYK FY2018: $2BSYK FY2019: $1.5BSYK FY2020: $2.8BSYK FY2021: $2.7BSYK FY2022: $2BSYK FY2023: $3.1BSYK FY2024: $3.5BSYK FY2025: $4.3BFY18FY19FY20FY21FY22FY23FY24FY25
BSX $3.7BSYK $4.3B

Fiscal years as each company reports them; the two may end in different months.

Questions about Boston Scientific and Stryker

Which is bigger by revenue, Boston Scientific or Stryker?

Stryker is bigger by revenue: $25.1B in fiscal 2025, against $20.1B for Boston Scientific in fiscal 2025.

Which keeps more of its revenue as profit, Boston Scientific or Stryker?

Boston Scientific had a net margin of 14.4% in fiscal 2025; Stryker had 12.9% in fiscal 2025.

Which grew revenue faster, Boston Scientific or Stryker?

In their latest fiscal years revenue changed by +19.9% at Boston Scientific and +11.2% at Stryker.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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