DHR vs SYK
Danaher Corp. and Stryker Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DHR | SYK |
|---|---|---|
| Revenue | $24.6B | $25.1B |
| Net income | $3.6B | $3.2B |
| Gross margin | 59.1% | 64.0% |
| Net margin | 14.7% | 12.9% |
| Return on equity | 7.1% | 15.1% |
| Diluted EPS | $5.05 | $8.40 |
| Dividend / share | · | · |
| Payout ratio | 24.3% | 39.6% |
| Free cash flow | $5.3B | $4.3B |
| Equity | $52.5B | · |
| Net debt / equity | 0.26× | 0.53× |
| Current ratio | 1.87× | 1.89× |
| Revenue CAGR 5y | 2.0% | 11.8% |
| Profit CAGR 5y | −0.2% | 15.2% |
DHR and SYK book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (14.7% against 12.9%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | DHR | SYK |
|---|---|---|
| FY2025 | $24.6B | $25.1B |
| FY2024 | $23.9B | $22.6B |
| FY2023 | $23.9B | $20.5B |
| FY2022 | $26.6B | $18.4B |
| FY2021 | $24.8B | $17.1B |
| FY2020 | $22.3B | $14.4B |
| FY2019 | $17.9B | $14.9B |
| FY2018 | $17.0B | $13.6B |
| FY2017 | $15.5B | $12.4B |
| FY2016 | $16.9B | $11.3B |
Bottom line
| Fiscal year | DHR | SYK |
|---|---|---|
| FY2025 | $3.6B | $3.2B |
| FY2024 | $3.9B | $3.0B |
| FY2023 | $4.8B | $3.2B |
| FY2022 | $7.2B | $2.4B |
| FY2021 | $6.4B | $2.0B |
| FY2020 | $3.6B | $1.6B |
| FY2019 | $3.0B | $2.1B |
| FY2018 | $2.7B | $3.6B |
| FY2017 | $2.5B | $1.0B |
| FY2016 | $2.6B | $1.6B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$548,000,000 | SYK |
| FY2024 | +$1,280,000,000 | DHR |
| FY2023 | +$3,392,000,000 | DHR |
| FY2022 | +$8,194,000,000 | DHR |
| FY2021 | +$7,694,000,000 | DHR |
| FY2020 | +$7,933,000,000 | DHR |
| FY2019 | +$3,027,000,000 | DHR |
| FY2018 | +$3,448,000,000 | DHR |
| FY2017 | +$3,074,800,000 | DHR |
| FY2016 | +$5,557,400,000 | DHR |
| FY2015 | +$4,487,700,000 | DHR |
| FY2014 | +$3,191,900,000 | DHR |
| FY2013 | +$9,262,100,000 | DHR |
| FY2012 | +$9,603,400,000 | DHR |
| FY2011 | +$7,783,500,000 | DHR |
| FY2010 | +$5,230,000,000 | DHR |
| FY2009 | +$3,793,681,000 | DHR |
| FY2008 | +$5,979,256,000 | DHR |
| FY2007 | +$5,025,417,000 | DHR |
The higher-revenue side has changed between DHR and SYK over this period. The gap has narrowed since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +1.8 pp | DHR |
| FY2024 | +3.1 pp | DHR |
| FY2023 | +4.5 pp | DHR |
| FY2022 | +14.3 pp | DHR |
| FY2021 | +14.3 pp | DHR |
| FY2020 | +5.2 pp | DHR |
| FY2019 | +2.8 pp | DHR |
| FY2018 | −10.6 pp | SYK |
| FY2017 | +7.9 pp | DHR |
| FY2016 | +0.6 pp | DHR |
| FY2015 | +8.8 pp | DHR |
| FY2014 | +14.9 pp | DHR |
| FY2013 | +3.6 pp | DHR |
| FY2012 | −1.9 pp | SYK |
| FY2011 | −2.7 pp | SYK |
| FY2010 | −3.1 pp | SYK |
| FY2009 | −5.5 pp | SYK |
| FY2008 | −6.7 pp | SYK |
| FY2007 | −4.5 pp | SYK |
The higher net margin has changed hands between DHR and SYK over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DHR's net margin has been more volatile than SYK's over the 19 comparable fiscal years — 4.5 percentage points of standard deviation against 4.1.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between DHR and SYK over these 19 fiscal years — DHR led in 12 and SYK in 7.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SYK's return on equity has been more volatile than DHR's over the 18 comparable fiscal years — 5.3 percentage points of standard deviation against 2.4.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between DHR and SYK over these 18 fiscal years — DHR led in 4 and SYK in 14.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.