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ELV vs. SYK: Elevance Health vs. Stryker Stock Comparison

How do Elevance Health (ELV) and Stryker (SYK) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Elevance Health (ELV) and Stryker (SYK) both fall under the Health Care Equipment & Services industry group, but ELV is classified in Health Care Providers & Services while SYK is classified in Health Care Equipment & Supplies.

Company profile comparison for Elevance Health (ELV) and Stryker (SYK)
Profile ItemELVSYK
NameElevance Health, Inc.Stryker Corp.
Country/RegionUnited StatesUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Providers & ServicesHealth Care Equipment & Supplies
GICS Sub-IndustryManaged Health CareHealth Care Equipment
Market Capitalization91.96 billion USD124.06 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateOctober 30, 2001March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ELV
SYK
GSPC
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Elevance Health (ELV) vs. Stryker (SYK), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Elevance Health (ELV) and Stryker (SYK). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Elevance Health (ELV) and Stryker (SYK). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Elevance Health (ELV) and Stryker (SYK)
MetricELVSYK
Total Return (1Y)35.51%-6.99%
Total Return (3Y, Annualized)-0.68%7.60%
Total Return (5Y, Annualized)1.10%4.64%

Risk Profile

Drawdown History

ELV
SYK
GSPC
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Elevance Health (ELV) vs. Stryker (SYK), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Elevance Health (ELV) and Stryker (SYK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Elevance Health (ELV) and Stryker (SYK)
MetricELVSYK
Volatility (1Y, Annualized)35.05%32.80%
Beta (5Y)0.610.72
Max Drawdown (5Y)-50.38%-32.47%
Avg. Volume (3M)1.19M2.81M

Risk-Adjusted Performance

Risk-Return Positioning

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ELV and SYK are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Elevance Health (ELV) and Stryker (SYK)
MetricELVSYK
Sharpe Ratio (1Y)0.89-0.34
Sortino Ratio (1Y)1.25-0.49

Profitability

ROE (TTM)

Stryker (SYK) at 16.02% sits in the top ROE quartile, while Elevance Health (ELV) at 11.48% is closer to the peer norm — stronger capital efficiency for SYK.

ELV

Health Care Equipment & Services industry group

11.48%

Max
47.61%
Q3
14.36%
ELV
11.48%
Median
5.45%
Q1
-10.67%
Min
-47.01%

SYK

Health Care Equipment & Services industry group

16.02%

Max
47.61%
SYK
16.02%
Q3
14.36%
Median
5.45%
Q1
-10.67%
Min
-47.01%
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Elevance Health (ELV) vs. Stryker (SYK): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Stryker (SYK) at 13.78% retains a top-quartile share of revenue as profit, ahead of Elevance Health (ELV) at 2.55%, which keeps about the industry-typical share.

ELV

Health Care Equipment & Services industry group

2.55%

Max
29.35%
Q3
9.33%
ELV
2.55%
Median
2.18%
Q1
-6.29%
Min
-28.46%

SYK

Health Care Equipment & Services industry group

13.78%

Max
29.35%
SYK
13.78%
Q3
9.33%
Median
2.18%
Q1
-6.29%
Min
-28.46%
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Elevance Health (ELV) vs. Stryker (SYK): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Stryker (SYK) at 22.96% operates in the top operating margin quartile, ahead of Elevance Health (ELV) at 4.22%, which runs around its industry’s norm.

ELV

Health Care Equipment & Services industry group

4.22%

Max
35.43%
Q3
14.14%
Median
6.81%
ELV
4.22%
Q1
-0.28%
Min
-16.29%

SYK

Health Care Equipment & Services industry group

22.96%

Max
35.43%
SYK
22.96%
Q3
14.14%
Median
6.81%
Q1
-0.28%
Min
-16.29%
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Elevance Health (ELV) vs. Stryker (SYK): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Elevance Health (ELV) and Stryker (SYK)
MetricELVSYK
ROE (TTM)11.48%16.02%
ROA (TTM)4.01%8.36%
Net Margin (TTM)2.55%13.78%
Operating Margin (TTM)4.22%22.96%
Gross Margin (TTM)26.43%65.70%

Growth

Revenue Growth

Both Elevance Health (ELV) at 12.62% and Stryker (SYK) at 11.16% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Elevance Health (ELV) vs. Stryker (SYK): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Elevance Health (ELV) at -1.83% and Stryker (SYK) at 8.25% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Elevance Health (ELV) vs. Stryker (SYK): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Elevance Health (ELV) and Stryker (SYK)
MetricELVSYK
Revenue Growth (YoY)12.62%11.16%
Revenue Growth (3Y CAGR)8.34%10.83%
EPS Growth (YoY)-1.83%8.25%
EPS Growth (3Y CAGR)0.53%10.83%

Financial Strength

Current Ratio (MRQ)

Both Elevance Health (ELV) at 1.47 and Stryker (SYK) at 2.18 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

ELV

Health Care Equipment & Services industry group

1.47

Max
7.59
Q3
4.00
Median
1.98
ELV
1.47
Q1
1.37
Min
0.30

SYK

Health Care Equipment & Services industry group

2.18

Max
7.59
Q3
4.00
SYK
2.18
Median
1.98
Q1
1.37
Min
0.30
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Elevance Health (ELV) vs. Stryker (SYK): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both Elevance Health (ELV) at 0.69 and Stryker (SYK) at 0.66 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ELV

Health Care Equipment & Services industry group

0.69

Max
1.88
Q3
0.91
ELV
0.69
Median
0.58
Q1
0.16
Min
0.00

SYK

Health Care Equipment & Services industry group

0.66

Max
1.88
Q3
0.91
SYK
0.66
Median
0.58
Q1
0.16
Min
0.00
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Elevance Health (ELV) vs. Stryker (SYK): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Elevance Health (ELV) and Stryker (SYK)
MetricELVSYK
Current Ratio (MRQ)1.472.18
Debt / Equity (MRQ)0.690.66
Net Debt / EBITDA-0.811.62

Dividends

Dividend Yield (TTM)

Both Elevance Health (ELV) at 1.59% and Stryker (SYK) at 1.05% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

ELV

Health Care Equipment & Services industry group

1.59%

ELV
1.59%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

SYK

Health Care Equipment & Services industry group

1.05%

SYK
1.05%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Elevance Health (ELV) vs. Stryker (SYK): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Elevance Health (ELV) at 29.17% and Stryker (SYK) at 37.49% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

ELV

Health Care Equipment & Services industry group

29.17%

ELV
29.17%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

SYK

Health Care Equipment & Services industry group

37.49%

SYK
37.49%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Elevance Health (ELV) vs. Stryker (SYK): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Elevance Health (ELV) and Stryker (SYK)
MetricELVSYK
Dividend Yield (TTM)1.59%1.05%
Dividend Payout Ratio (TTM)29.17%37.49%

Valuation

P/E Ratio (TTM)

Elevance Health (ELV) at 18.07 sits in the cheaper P/E ratio quartile, while Stryker (SYK) at 34.70 is closer to its industry’s usual earnings multiple — a discount for ELV, though growth and earnings durability still matter.

ELV

Health Care Equipment & Services industry group

18.07

Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
ELV
18.07
Min
4.21

SYK

Health Care Equipment & Services industry group

34.70

Max
80.41
Q3
47.62
SYK
34.70
Median
29.93
Q1
21.19
Min
4.21
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Elevance Health (ELV) vs. Stryker (SYK): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Elevance Health (ELV) at 0.46 looks cheap on sales in the lower P/S ratio quartile, while Stryker (SYK) at 4.72 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

ELV

Health Care Equipment & Services industry group

0.46

Max
8.80
Q3
4.32
Median
2.13
Q1
1.10
ELV
0.46
Min
0.03

SYK

Health Care Equipment & Services industry group

4.72

Max
8.80
SYK
4.72
Q3
4.32
Median
2.13
Q1
1.10
Min
0.03
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Elevance Health (ELV) vs. Stryker (SYK): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Elevance Health (ELV) at 2.06 and Stryker (SYK) at 5.29 are valued close to their industries’ norm against book — neither stands out from peers.

ELV

Health Care Equipment & Services industry group

2.06

Max
11.68
Q3
6.12
Median
3.00
ELV
2.06
Q1
1.73
Min
-1.31

SYK

Health Care Equipment & Services industry group

5.29

Max
11.68
Q3
6.12
SYK
5.29
Median
3.00
Q1
1.73
Min
-1.31
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Elevance Health (ELV) vs. Stryker (SYK): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Elevance Health (ELV) and Stryker (SYK)
MetricELVSYK
P/E Ratio (TTM)18.0734.70
P/S Ratio (TTM)0.464.72
P/B Ratio (MRQ)2.065.29
Free Cash Flow Yield (TTM)8.69%2.98%