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Resmed vs Stryker: revenue, profit, margins and growth compared

Resmed brought in $5.7B of revenue in fiscal 2026, Stryker $25.1B in fiscal 2025. Revenue changed by +9.9% at Resmed and +11.2% at Stryker on the year before, so Stryker grew faster. Resmed kept 26.9% of its revenue as net profit, Stryker 12.9%. Free cash flow was $1.6B at Resmed and $4.3B at Stryker.

Side by side, latest fiscal year

RMDSYK
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$5.7B$25.1B
Revenue growth+9.9%+11.2%
Net income$1.5B$3.2B
Net margin26.9%12.9%
Free cash flow$1.6B$4.3B
Free cash flow margin29.2%17.1%
Earnings per share (diluted)$10.43$8.40
Cash$1.5B$4B
Debt$399.4M$14.9B
Price to earnings21.332.8
Market value$32B$105.8B
Dividend yield1.08%n/a
Rank by revenue in sector#61 of 742 · Health care#24 of 742 · Health care

Over the years

Revenue
RMD FY2019: $2.6BRMD FY2020: $3BRMD FY2021: $3.2BRMD FY2022: $3.6BRMD FY2023: $4.2BRMD FY2024: $4.7BRMD FY2025: $5.1BRMD FY2026: $5.7BSYK FY2018: $13.6BSYK FY2019: $14.9BSYK FY2020: $14.4BSYK FY2021: $17.1BSYK FY2022: $18.4BSYK FY2023: $20.5BSYK FY2024: $22.6BSYK FY2025: $25.1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
RMD $5.7BSYK $25.1B
Net income
RMD FY2019: $404.6MRMD FY2020: $621.7MRMD FY2021: $474.5MRMD FY2022: $779.4MRMD FY2023: $897.6MRMD FY2024: $1BRMD FY2025: $1.4BRMD FY2026: $1.5BSYK FY2018: $3.6BSYK FY2019: $2.1BSYK FY2020: $1.6BSYK FY2021: $2BSYK FY2022: $2.4BSYK FY2023: $3.2BSYK FY2024: $3BSYK FY2025: $3.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
RMD $1.5BSYK $3.2B
Net margin
RMD FY2019: 15.5%RMD FY2020: 21.0%RMD FY2021: 14.8%RMD FY2022: 21.8%RMD FY2023: 21.3%RMD FY2024: 21.8%RMD FY2025: 27.2%RMD FY2026: 26.9%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%FY18FY19FY20FY21FY22FY23FY24FY25FY26
RMD 26.9%SYK 12.9%
Revenue growth
RMD FY2020: +13.4%RMD FY2021: +8.1%RMD FY2022: +11.9%RMD FY2023: +18.0%RMD FY2024: +10.9%RMD FY2025: +9.8%RMD FY2026: +9.9%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%FY19FY20FY21FY22FY23FY24FY25FY26
RMD +9.9%SYK +11.2%
Free cash flow
RMD FY2019: $390.3MRMD FY2020: $706.9MRMD FY2021: $634MRMD FY2022: $216.3MRMD FY2023: $573.6MRMD FY2024: $1.3BRMD FY2025: $1.7BRMD FY2026: $1.6BSYK FY2018: $2BSYK FY2019: $1.5BSYK FY2020: $2.8BSYK FY2021: $2.7BSYK FY2022: $2BSYK FY2023: $3.1BSYK FY2024: $3.5BSYK FY2025: $4.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
RMD $1.6BSYK $4.3B

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

Questions about Resmed and Stryker

Which is bigger by revenue, Resmed or Stryker?

Stryker is bigger by revenue: $25.1B in fiscal 2025, against $5.7B for Resmed in fiscal 2026.

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

Resmed had a net margin of 26.9% in fiscal 2026; Stryker had 12.9% in fiscal 2025.

Which grew revenue faster, Resmed or Stryker?

In their latest fiscal years revenue changed by +9.9% at Resmed 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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