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SOLV vs. SYK: Solventum vs. Stryker Stock Comparison

How do Solventum (SOLV) 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

Solventum (SOLV) and Stryker (SYK) both belong to the Health Care Equipment & Supplies industry, though SOLV is classified under Health Care Supplies while SYK falls under Health Care Equipment.

Stryker (SYK) carries decades of public-market history since March 17, 1980, while Solventum (SOLV) listed on March 26, 2024 — long-window comparisons have far more historical data on the SYK side.

Company profile comparison for Solventum (SOLV) and Stryker (SYK)
Profile ItemSOLVSYK
NameSolventum CorporationStryker Corp.
Country/RegionUnited StatesUnited 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 SuppliesHealth Care Equipment
Market Capitalization15.36 billion USD124.06 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 26, 2024March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

SOLV
SYK
GSPC
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Solventum (SOLV) 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 Solventum (SOLV) and Stryker (SYK). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Solventum (SOLV) and Stryker (SYK)
MetricSOLVSYK
Total Return (1Y)25.89%-6.99%
Total Return (3Y, Annualized)--7.60%
Total Return (5Y, Annualized)--4.64%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Solventum (SOLV) and Stryker (SYK)
MetricSOLVSYK
Volatility (1Y, Annualized)30.06%32.80%
Beta (5Y)0.620.72
Max Drawdown (5Y)-39.98%-32.47%
Avg. Volume (3M)1.05M2.81M

Risk-Adjusted Performance

Risk-Return Positioning

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SOLV 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 Solventum (SOLV) and Stryker (SYK)
MetricSOLVSYK
Sharpe Ratio (1Y)0.72-0.34
Sortino Ratio (1Y)1.08-0.49

Profitability

ROE (TTM)

Stryker (SYK) at 16.02% sits in the top ROE quartile, while Solventum (SOLV) at 3.19% is closer to the peer norm — stronger capital efficiency for SYK.

SOLV

Health Care Equipment & Services industry group

3.19%

Max
47.61%
Q3
14.36%
Median
5.45%
SOLV
3.19%
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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Solventum (SOLV) 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 Solventum (SOLV) at 1.91%, which keeps about the industry-typical share.

SOLV

Health Care Equipment & Services industry group

1.91%

Max
29.35%
Q3
9.33%
Median
2.18%
SOLV
1.91%
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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Solventum (SOLV) 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 Solventum (SOLV) at 6.82%, which runs around its industry’s norm.

SOLV

Health Care Equipment & Services industry group

6.82%

Max
35.43%
Q3
14.14%
SOLV
6.82%
Median
6.81%
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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Solventum (SOLV) vs. Stryker (SYK): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Solventum (SOLV) and Stryker (SYK)
MetricSOLVSYK
ROE (TTM)3.19%16.02%
ROA (TTM)2.29%8.36%
Net Margin (TTM)1.91%13.78%
Operating Margin (TTM)6.82%22.96%
Gross Margin (TTM)55.13%65.70%

Growth

Revenue Growth

Stryker (SYK) at 11.16% is around its peer norm for revenue growth, while Solventum (SOLV) at 0.86% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Solventum (SOLV) vs. Stryker (SYK): A comparison of their Revenue Growth across different time periods.

EPS Growth

Solventum (SOLV) at 221.74% clears its industry range for EPS growth, a much stronger earnings trajectory than Stryker (SYK) at 8.25%, which is closer to a typical peer reading.

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

Growth Metrics

Growth metrics for Solventum (SOLV) and Stryker (SYK)
MetricSOLVSYK
Revenue Growth (YoY)0.86%11.16%
Revenue Growth (3Y CAGR)0.79%10.83%
EPS Growth (YoY)221.74%8.25%
EPS Growth (3Y CAGR)4.51%10.83%

Financial Strength

Current Ratio (MRQ)

Stryker (SYK) at 2.18 keeps current ratio within its industry’s typical mid-range, while Solventum (SOLV) at 1.03 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for SOLV.

SOLV

Health Care Equipment & Services industry group

1.03

Max
7.59
Q3
4.00
Median
1.98
Q1
1.37
SOLV
1.03
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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Solventum (SOLV) vs. Stryker (SYK): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Stryker (SYK) at 0.66 carries an industry-typical debt-to-equity mix, while Solventum (SOLV) at 1.10 uses more debt funding than most peers.

SOLV

Health Care Equipment & Services industry group

1.10

Max
1.88
SOLV
1.10
Q3
0.91
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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Solventum (SOLV) 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 Solventum (SOLV) and Stryker (SYK)
MetricSOLVSYK
Current Ratio (MRQ)1.032.18
Debt / Equity (MRQ)1.100.66
Net Debt / EBITDA4.661.62

Dividends

Dividend Yield (TTM)

Solventum (SOLV) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Stryker (SYK) reports a yield of 1.05%, ranking against industry peers normally.

SOLV

Health Care Equipment & Services industry group

0.00%

SOLV
0.00%
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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Solventum (SOLV) vs. Stryker (SYK): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Solventum (SOLV) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Stryker (SYK) reports a payout of 37.49%, ranking against industry peers normally.

SOLV

Health Care Equipment & Services industry group

0.00%

SOLV
0.00%
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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Solventum (SOLV) vs. Stryker (SYK): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Solventum (SOLV) and Stryker (SYK)
MetricSOLVSYK
Dividend Yield (TTM)0.00%1.05%
Dividend Payout Ratio (TTM)0.00%37.49%

Valuation

P/E Ratio (TTM)

Stryker (SYK) at 34.70 is near its industry’s usual P/E ratio, while Solventum (SOLV) at 101.55 sits above its peer range — an unusually expensive price for SOLV’s trailing earnings.

SOLV

Health Care Equipment & Services industry group

101.55

SOLV
101.55
Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
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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Solventum (SOLV) vs. Stryker (SYK): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Solventum (SOLV) at 1.88 is priced about in line with its industry on P/S ratio, while Stryker (SYK) at 4.72 sits in the pricier quartile — SYK costs more per dollar of sales.

SOLV

Health Care Equipment & Services industry group

1.88

Max
8.80
Q3
4.32
Median
2.13
SOLV
1.88
Q1
1.10
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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Solventum (SOLV) 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 Solventum (SOLV) at 3.20 and Stryker (SYK) at 5.29 are valued close to their industries’ norm against book — neither stands out from peers.

SOLV

Health Care Equipment & Services industry group

3.20

Max
11.68
Q3
6.12
SOLV
3.20
Median
3.00
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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Solventum (SOLV) vs. Stryker (SYK): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Solventum (SOLV) and Stryker (SYK)
MetricSOLVSYK
P/E Ratio (TTM)101.5534.70
P/S Ratio (TTM)1.884.72
P/B Ratio (MRQ)3.205.29
Free Cash Flow Yield (TTM)1.31%2.98%