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MDT vs. SYK: Medtronic vs. Stryker Stock Comparison

How do Medtronic (MDT) 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

Medtronic (MDT) and Stryker (SYK) are both classified in the Health Care Equipment sub-industry within the broader Health Care Equipment & Supplies industry, placing them in the closest GICS peer bucket.

Company profile comparison for Medtronic (MDT) and Stryker (SYK)
Profile ItemMDTSYK
NameMedtronic plcStryker Corporation
Country/RegionIrelandUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & SuppliesHealth Care Equipment & Supplies
GICS Sub-IndustryHealth Care EquipmentHealth Care Equipment
Market Capitalization116.83 billion USD130.11 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMay 2, 1973March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

MDT
SYK
GSPC
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Medtronic (MDT) 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 Medtronic (MDT) and Stryker (SYK). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Medtronic (MDT) and Stryker (SYK)
MetricMDTSYK
Total Return (1Y)2.45%-9.47%
Total Return (3Y, Annualized)6.60%7.04%
Total Return (5Y, Annualized)-3.62%6.31%

Risk Profile

Drawdown History

MDT
SYK
GSPC
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Medtronic (MDT) 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 Medtronic (MDT) and Stryker (SYK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Medtronic (MDT) and Stryker (SYK)
MetricMDTSYK
Volatility (1Y, Annualized)23.63%27.55%
Beta (5Y)0.560.77
Max Drawdown (5Y)-45.10%-31.68%
Avg. Volume (3M)9.30M2.64M

Risk-Adjusted Performance

Risk-Return Positioning

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MDT 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 Medtronic (MDT) and Stryker (SYK)
MetricMDTSYK
Sharpe Ratio (1Y)-0.06-0.49
Sortino Ratio (1Y)-0.10-0.68

Profitability

ROE (TTM)

Stryker (SYK) at 16.51% sits in the top ROE quartile, while Medtronic (MDT) at 9.84% is closer to the peer norm — stronger capital efficiency for SYK.

MDT

Health Care Equipment & Services industry group

9.84%

Max
47.06%
Q3
14.60%
MDT
9.84%
Median
4.59%
Q1
-14.37%
Min
-56.60%

SYK

Health Care Equipment & Services industry group

16.51%

Max
47.06%
SYK
16.51%
Q3
14.60%
Median
4.59%
Q1
-14.37%
Min
-56.60%
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Medtronic (MDT) vs. Stryker (SYK): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Medtronic (MDT) at 13.20% and Stryker (SYK) at 14.43% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

MDT

Health Care Equipment & Services industry group

13.20%

Max
28.45%
MDT
13.20%
Q3
9.22%
Median
1.85%
Q1
-7.13%
Min
-30.69%

SYK

Health Care Equipment & Services industry group

14.43%

Max
28.45%
SYK
14.43%
Q3
9.22%
Median
1.85%
Q1
-7.13%
Min
-30.69%
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Medtronic (MDT) vs. Stryker (SYK): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both Medtronic (MDT) at 22.05% and Stryker (SYK) at 27.02% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

MDT

Health Care Equipment & Services industry group

22.05%

Max
38.55%
MDT
22.05%
Q3
14.43%
Median
7.25%
Q1
-2.09%
Min
-24.66%

SYK

Health Care Equipment & Services industry group

27.02%

Max
38.55%
SYK
27.02%
Q3
14.43%
Median
7.25%
Q1
-2.09%
Min
-24.66%
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Medtronic (MDT) vs. Stryker (SYK): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Medtronic (MDT) and Stryker (SYK)
MetricMDTSYK
ROE (TTM)9.84%16.51%
ROA (TTM)4.92%8.16%
Net Margin (TTM)13.20%14.43%
Operating Margin (TTM)22.05%27.02%
Gross Margin (TTM)65.31%65.59%

Growth

Revenue Growth

Both Medtronic (MDT) at 8.43% 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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Medtronic (MDT) vs. Stryker (SYK): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Stryker (SYK) reports EPS growth of 8.25%, ranked against its industry; Medtronic (MDT) has no EPS growth figure this period.

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Medtronic (MDT) vs. Stryker (SYK): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Medtronic (MDT) and Stryker (SYK)
MetricMDTSYK
Revenue Growth (YoY)8.43%11.16%
Revenue Growth (3Y CAGR)5.21%10.83%
EPS Growth (YoY)--8.25%
EPS Growth (3Y CAGR)--10.83%

Financial Strength

Current Ratio (MRQ)

Both Medtronic (MDT) at 2.13 and Stryker (SYK) at 2.16 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

MDT

Health Care Equipment & Services industry group

2.13

Max
8.18
Q3
4.20
MDT
2.13
Median
1.99
Q1
1.34
Min
0.15

SYK

Health Care Equipment & Services industry group

2.16

Max
8.18
Q3
4.20
SYK
2.16
Median
1.99
Q1
1.34
Min
0.15
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Medtronic (MDT) vs. Stryker (SYK): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both Medtronic (MDT) at 0.58 and Stryker (SYK) at 0.64 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

MDT

Health Care Equipment & Services industry group

0.58

Max
2.02
Q3
1.01
Median
0.63
MDT
0.58
Q1
0.15
Min
0.00

SYK

Health Care Equipment & Services industry group

0.64

Max
2.02
Q3
1.01
SYK
0.64
Median
0.63
Q1
0.15
Min
0.00
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Medtronic (MDT) 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 Medtronic (MDT) and Stryker (SYK)
MetricMDTSYK
Current Ratio (MRQ)2.132.16
Debt / Equity (MRQ)0.580.64
Net Debt / EBITDA1.971.62

Dividends

Dividend Yield (TTM)

Both Medtronic (MDT) at 3.14% and Stryker (SYK) at 1.02% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

MDT

Health Care Equipment & Services industry group

3.14%

MDT
3.14%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

SYK

Health Care Equipment & Services industry group

1.02%

SYK
1.02%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Medtronic (MDT) vs. Stryker (SYK): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Medtronic (MDT) at 76.14% and Stryker (SYK) at 36.06% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

MDT

Health Care Equipment & Services industry group

76.14%

MDT
76.14%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

SYK

Health Care Equipment & Services industry group

36.06%

SYK
36.06%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Medtronic (MDT) vs. Stryker (SYK): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Medtronic (MDT) and Stryker (SYK)
MetricMDTSYK
Dividend Yield (TTM)3.14%1.02%
Dividend Payout Ratio (TTM)76.14%36.06%

Valuation

P/E Ratio (TTM)

Both Medtronic (MDT) at 24.47 and Stryker (SYK) at 35.22 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

MDT

Health Care Equipment & Services industry group

24.47

Max
76.75
Q3
44.61
Median
28.57
MDT
24.47
Q1
20.73
Min
1.62

SYK

Health Care Equipment & Services industry group

35.22

Max
76.75
Q3
44.61
SYK
35.22
Median
28.57
Q1
20.73
Min
1.62
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Medtronic (MDT) vs. Stryker (SYK): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Medtronic (MDT) at 3.21 is priced about in line with its industry on P/S ratio, while Stryker (SYK) at 5.04 sits in the pricier quartile — SYK costs more per dollar of sales.

MDT

Health Care Equipment & Services industry group

3.21

Max
9.63
Q3
4.61
MDT
3.21
Median
2.28
Q1
1.15
Min
0.04

SYK

Health Care Equipment & Services industry group

5.04

Max
9.63
SYK
5.04
Q3
4.61
Median
2.28
Q1
1.15
Min
0.04
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Medtronic (MDT) 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 Medtronic (MDT) at 2.36 and Stryker (SYK) at 5.66 are valued close to their industries’ norm against book — neither stands out from peers.

MDT

Health Care Equipment & Services industry group

2.36

Max
12.92
Q3
6.30
Median
3.18
MDT
2.36
Q1
1.75
Min
-2.19

SYK

Health Care Equipment & Services industry group

5.66

Max
12.92
Q3
6.30
SYK
5.66
Median
3.18
Q1
1.75
Min
-2.19
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Medtronic (MDT) vs. Stryker (SYK): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Medtronic (MDT) and Stryker (SYK)
MetricMDTSYK
P/E Ratio (TTM)24.4735.22
P/S Ratio (TTM)3.215.04
P/B Ratio (MRQ)2.365.66
Free Cash Flow Yield (TTM)3.96%3.16%