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3M vs Stryker: revenue, profit, margins and growth compared

3M brought in $24.9B of revenue in fiscal 2025, Stryker $25.1B in fiscal 2025. Revenue changed by +1.5% at 3M and +11.2% at Stryker on the year before, so Stryker grew faster. 3M kept 13.0% of its revenue as net profit, Stryker 12.9%. Free cash flow was $1.4B at 3M and $4.3B at Stryker.

Side by side, latest fiscal year

MMMSYK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$24.9B$25.1B
Revenue growth+1.5%+11.2%
Net income$3.3B$3.2B
Net margin13.0%12.9%
Free cash flow$1.4B$4.3B
Free cash flow margin5.6%17.1%
Earnings per share (diluted)$6.00$8.40
Cash$5.2B$4B
Debt$12.6B$14.9B
Price to earnings28.332.4
Market value$87.4B$104.5B
Dividend yield1.72%n/a
Rank by revenue in sector#25 of 523 · Health care#24 of 523 · Health care

Over the years

Revenue
MMM FY2018: $32.8BMMM FY2019: $32.1BMMM FY2020: $32.2BMMM FY2021: $35.4BMMM FY2022: $26.2BMMM FY2023: $24.6BMMM FY2024: $24.6BMMM FY2025: $24.9BSYK FY2018: $13.6BSYK FY2019: $14.9BSYK FY2020: $14.4BSYK FY2021: $17.1BSYK FY2022: $18.4BSYK FY2023: $20.5BSYK FY2024: $22.6BSYK FY2025: $25.1BFY18FY19FY20FY21FY22FY23FY24FY25
MMM $24.9BSYK $25.1B
Net income
MMM FY2018: $5.3BMMM FY2019: $4.5BMMM FY2020: $5.4BMMM FY2021: $5.9BMMM FY2022: $5.8BMMM FY2023: -$7BMMM FY2024: $4.2BMMM FY2025: $3.3BSYK FY2018: $3.6BSYK FY2019: $2.1BSYK FY2020: $1.6BSYK FY2021: $2BSYK FY2022: $2.4BSYK FY2023: $3.2BSYK FY2024: $3BSYK FY2025: $3.2BFY18FY19FY20FY21FY22FY23FY24FY25
MMM $3.3BSYK $3.2B
Net margin
MMM FY2018: 16.3%MMM FY2019: 14.1%MMM FY2020: 16.9%MMM FY2021: 16.7%MMM FY2022: 22.1%MMM FY2023: -28.4%MMM FY2024: 17.0%MMM FY2025: 13.0%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
MMM 13.0%SYK 12.9%
Revenue growth
MMM FY2019: -1.9%MMM FY2020: +0.1%MMM FY2021: +9.9%MMM FY2022: -26.0%MMM FY2023: -5.9%MMM FY2024: -0.1%MMM FY2025: +1.5%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
MMM +1.5%SYK +11.2%
Free cash flow
MMM FY2018: $4.9BMMM FY2019: $5.4BMMM FY2020: $6.6BMMM FY2021: $5.9BMMM FY2022: $3.8BMMM FY2023: $5.1BMMM FY2024: $638MMMM FY2025: $1.4BSYK FY2018: $2BSYK FY2019: $1.5BSYK FY2020: $2.8BSYK FY2021: $2.7BSYK FY2022: $2BSYK FY2023: $3.1BSYK FY2024: $3.5BSYK FY2025: $4.3BFY18FY19FY20FY21FY22FY23FY24FY25
MMM $1.4BSYK $4.3B

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

Questions about 3M and Stryker

Which is bigger by revenue, 3M or Stryker?

Stryker is bigger by revenue: $25.1B in fiscal 2025, against $24.9B for 3M in fiscal 2025.

Which keeps more of its revenue as profit, 3M or Stryker?

3M had a net margin of 13.0% in fiscal 2025; Stryker had 12.9% in fiscal 2025.

Which grew revenue faster, 3M or Stryker?

In their latest fiscal years revenue changed by +1.5% at 3M 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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