SYK vs TMO
Stryker Corp. and Thermo Fisher Scientific Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | SYK | TMO |
|---|---|---|
| Revenue | $25.1B | $44.6B |
| Net income | $3.2B | $6.7B |
| Gross margin | 64.0% | · |
| Net margin | 12.9% | 15.1% |
| Return on equity | 15.1% | 13.0% |
| Diluted EPS | $8.40 | $17.74 |
| Dividend / share | · | $1.72 |
| Payout ratio | 39.6% | 9.5% |
| Free cash flow | $4.3B | $6.3B |
| Equity | · | $53.4B |
| Net debt / equity | 0.53× | 0.62× |
| Current ratio | 1.89× | 1.89× |
| Revenue CAGR 5y | 11.8% | 6.7% |
| Profit CAGR 5y | 15.2% | · |
TMO bills 1.8× the revenue of SYK, and keeps more of each dollar of revenue as profit (15.1% 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 | SYK | TMO |
|---|---|---|
| FY2025 | $25.1B | $44.6B |
| FY2024 | $22.6B | $42.9B |
| FY2023 | $20.5B | $42.9B |
| FY2022 | $18.4B | $44.9B |
| FY2021 | $17.1B | $39.2B |
| FY2020 | $14.4B | $32.2B |
| FY2019 | $14.9B | $25.5B |
| FY2018 | $13.6B | $24.4B |
| FY2017 | $12.4B | $20.9B |
| FY2016 | $11.3B | $18.3B |
Bottom line
| Fiscal year | SYK | TMO |
|---|---|---|
| FY2025 | $3.2B | $6.7B |
| FY2024 | $3.0B | $6.3B |
| FY2023 | $3.2B | $6.0B |
| FY2022 | $2.4B | $7.0B |
| FY2021 | $2.0B | $7.7B |
| FY2020 | $1.6B | $6.4B |
| FY2019 | $2.1B | $3.7B |
| FY2018 | $3.6B | $2.9B |
| FY2017 | $1.0B | $2.2B |
| FY2016 | $1.6B | $2.0B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$19,440,000,000 | TMO |
| FY2024 | −$20,284,000,000 | TMO |
| FY2023 | −$22,359,000,000 | TMO |
| FY2022 | −$26,466,000,000 | TMO |
| FY2021 | −$22,103,000,000 | TMO |
| FY2020 | −$17,867,000,000 | TMO |
| FY2019 | −$10,658,000,000 | TMO |
| FY2018 | −$10,757,000,000 | TMO |
| FY2017 | −$8,474,000,000 | TMO |
| FY2016 | −$6,949,000,000 | TMO |
| FY2015 | −$7,019,000,000 | TMO |
| FY2014 | −$7,214,600,000 | TMO |
| FY2013 | −$4,069,300,000 | TMO |
| FY2012 | −$3,852,900,000 | TMO |
| FY2011 | −$3,251,800,000 | TMO |
| FY2010 | −$3,073,100,000 | TMO |
| FY2009 | −$3,188,600,000 | TMO |
| FY2008 | −$3,779,800,000 | TMO |
| FY2007 | −$3,745,900,000 | TMO |
TMO has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.2 pp | TMO |
| FY2024 | −1.5 pp | TMO |
| FY2023 | +1.5 pp | SYK |
| FY2022 | −2.7 pp | TMO |
| FY2021 | −8.1 pp | TMO |
| FY2020 | −8.7 pp | TMO |
| FY2019 | −0.5 pp | TMO |
| FY2013 | +1.4 pp | SYK |
| FY2012 | +5.6 pp | SYK |
| FY2011 | +4.7 pp | SYK |
| FY2010 | +7.4 pp | SYK |
| FY2009 | +7.9 pp | SYK |
| FY2008 | +7.7 pp | SYK |
| FY2007 | +9.3 pp | SYK |
The higher net margin has changed hands between SYK and TMO over this period.
14 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TMO's net margin has been more volatile than SYK's over the 14 comparable fiscal years — 3.8 percentage points of standard deviation against 2.2.
14 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 SYK and TMO over these 14 fiscal years — SYK led in 8 and TMO in 6.
14 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 TMO's over the 19 comparable fiscal years — 5.2 percentage points of standard deviation against 4.3.
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 SYK and TMO over these 19 fiscal years — SYK led in 15 and TMO in 4.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.