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史赛克Stryker Corporation(SYK)2025年第四季度及全年业绩报告「NYSE」(英文版)(10页).pdf

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1、 1 1941 Stryker Way Portage,MI 49002 Press release Number:26-02 Date:January 29,2026 STRYKER REPORTS 2025 OPERATING RESULTS AND 2026 OUTLOOK Portage,Michigan-January 29,2026-Stryker(NYSE:SYK)reported operating results for the fourth quarter and full year of 2025:Fourth Quarter Results Reported net s

2、ales increased 11.4%to$7.2 billion Organic net sales increased 11.0%Reported operating income margin of 25.2%Adjusted operating income margin(1)increased 100 bps to 30.2%Reported EPS increased 56.0%to$2.20 Adjusted EPS(1)increased 11.5%to$4.47 Fourth Quarter Net Sales Growth Overview Reported Foreig

3、n Currency Exchange Constant Currency Acquisitions/Divestitures Organic MedSurg and Neurotechnology 17.5%0.9%16.6%4.0%12.6%Orthopaedics 2.2 1.3 0.9 (7.5)8.4 Total 11.4%1.0%10.4%(0.6)%11.0%Full Year Results Reported net sales increased 11.2%to$25.1 billion Organic net sales increased 10.3%Reported op

4、erating income margin of 19.5%Adjusted operating income margin(1)increased 100 bps to 26.3%Reported EPS increased 8.2%to$8.40 Adjusted EPS(1)increased 11.8%to$13.63 Full Year Net Sales Growth Overview Reported Foreign Currency Exchange Constant Currency Acquisitions/Divestitures Organic MedSurg and

5、Neurotechnology 15.7%0.3%15.4%4.7%10.7%Orthopaedics 4.3 0.5 3.8 (5.7)9.5 Total 11.2%0.5%10.7%0.4%10.3%“We had an outstanding finish to 2025,driving double-digit sales and adjusted earnings per share growth for the fourth quarter and full year while delivering adjusted operating margin expansion of a

6、t least 100 basis points for the second consecutive year,”said Kevin A.Lobo,Chair and CEO,Stryker.“Having surpassed$25 billion in revenue,we enter 2026 with significant momentum and are poised to continue delivering growth at the high end of MedTech.I want to thank our teams for driving exceptional

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1. **2025年业绩**:Stryker全年营收251亿美元(+11.2%),有机营收增长10.3%;调整后EPS 13.63美元(+11.8%),调整后运营利润率26.3%(+100bps)。 2. **季度表现**:Q4营收72亿美元(+11.4%),调整后EPS 4.47美元(+11.5%),调整后运营利润率30.2%(+100bps)。 3. **业务板块**:MedSurg与神经技术板块全年营收156亿美元(+15.7%),骨科板块95亿美元(+4.3%)。 4. **2026展望**:预计有机营收增长8.0%-9.5%,调整后EPS 14.90-15.10美元。 5. **核心驱动**:高手术量、资本产品需求强劲,汇率影响温和正面。
**Stryker业绩如何?** **2026年展望怎样?** **增长动力在哪?**
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