MMM vs SYK
3M Co. and Stryker Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MMM | SYK |
|---|---|---|
| Revenue | $24.9B | $25.1B |
| Net income | $3.2B | $3.2B |
| Gross margin | 39.9% | 64.0% |
| Net margin | 13.1% | 12.9% |
| Return on equity | 76.1% | 15.1% |
| Diluted EPS | $6.00 | $8.40 |
| Dividend / share | $2.92 | · |
| Payout ratio | 48.1% | 39.6% |
| Free cash flow | $1.4B | $4.3B |
| Equity | $4.7B | · |
| Net debt / equity | 1.57× | 0.53× |
| Current ratio | 1.71× | 1.89× |
| Revenue CAGR 5y | −5.0% | 11.8% |
| Profit CAGR 5y | −9.8% | 15.2% |
MMM and SYK book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (13.1% 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 | MMM | SYK |
|---|---|---|
| FY2025 | $24.9B | $25.1B |
| FY2024 | $24.6B | $22.6B |
| FY2023 | $24.6B | $20.5B |
| FY2022 | $26.2B | $18.4B |
| FY2021 | $35.4B | $17.1B |
| FY2020 | $32.2B | $14.4B |
| FY2019 | $32.1B | $14.9B |
| FY2018 | $32.8B | $13.6B |
| FY2017 | $31.7B | $12.4B |
| FY2016 | $30.1B | $11.3B |
Bottom line
| Fiscal year | MMM | SYK |
|---|---|---|
| FY2025 | $3.2B | $3.2B |
| FY2024 | $4.2B | $3.0B |
| FY2023 | $-7.0B | $3.2B |
| FY2022 | $5.8B | $2.4B |
| FY2021 | $5.9B | $2.0B |
| FY2020 | $5.4B | $1.6B |
| FY2019 | $4.5B | $2.1B |
| FY2018 | $5.3B | $3.6B |
| FY2017 | $4.9B | $1.0B |
| FY2016 | $5.0B | $1.6B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$168,000,000 | SYK |
| FY2024 | +$1,980,000,000 | MMM |
| FY2023 | +$4,112,000,000 | MMM |
| FY2022 | +$7,712,000,000 | MMM |
| FY2021 | +$18,247,000,000 | MMM |
| FY2020 | +$17,833,000,000 | MMM |
| FY2019 | +$17,252,000,000 | MMM |
| FY2018 | +$19,164,000,000 | MMM |
| FY2017 | +$19,213,000,000 | MMM |
| FY2016 | +$18,784,000,000 | MMM |
| FY2015 | +$20,328,000,000 | MMM |
| FY2014 | +$22,146,000,000 | MMM |
| FY2013 | +$21,850,000,000 | MMM |
| FY2012 | +$21,247,000,000 | MMM |
| FY2011 | +$21,304,000,000 | MMM |
| FY2010 | +$19,342,000,000 | MMM |
| FY2009 | +$16,400,000,000 | MMM |
| FY2008 | +$18,550,800,000 | MMM |
| FY2007 | +$18,461,500,000 | MMM |
The higher-revenue side has changed between MMM 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 | +0.2 pp | MMM |
| FY2024 | +3.8 pp | MMM |
| FY2023 | −43.8 pp | SYK |
| FY2022 | +9.4 pp | MMM |
| FY2021 | +5.1 pp | MMM |
| FY2020 | +5.8 pp | MMM |
| FY2019 | +0.1 pp | MMM |
| FY2018 | −9.8 pp | SYK |
| FY2017 | +7.2 pp | MMM |
| FY2016 | +2.3 pp | MMM |
| FY2015 | +1.5 pp | MMM |
| FY2014 | +10.4 pp | MMM |
| FY2013 | +4.1 pp | MMM |
| FY2012 | +0.1 pp | MMM |
| FY2011 | −1.5 pp | SYK |
| FY2010 | −1.8 pp | SYK |
| FY2009 | −2.4 pp | SYK |
| FY2008 | −3.2 pp | SYK |
| FY2007 | +0.0 pp | MMM |
The higher net margin has changed hands between MMM 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
MMM's net margin has been more volatile than SYK's over the 19 comparable fiscal years — 10.1 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 MMM and SYK over these 19 fiscal years — MMM led in 13 and SYK in 6.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MMM's return on equity has been more volatile than SYK's over the 19 comparable fiscal years — 30.7 percentage points of standard deviation against 5.2.
19 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 MMM and SYK over these 19 fiscal years — MMM led in 18 and SYK in 1.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.