Medtronic (MDT) vs Stryker (SYK)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Medtronic (MDT) has outperformed Stryker (SYK) over the past year, losing 10.3% versus a loss of 26.2%. Over five years, SYK leads with a +4.0% price change compared with -31.3% for MDT. Medtronic is the larger company by market cap ($112.24 billion vs $106.24 billion), about 1.1 times the size, while Stryker is growing revenue faster (+11.2% vs +8.4%).
On valuation, Medtronic trades at a lower forward P/E (13.7x vs 16.6x for Stryker). Medtronic offers the higher dividend yield (3.25% vs 1.26%). Medtronic converts more of its revenue into profit, with a net margin of 13.2% versus 12.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MDT | SYK |
|---|---|---|
| Share price | $87.75 | $276.97 |
| Market cap | $112.24B | $106.24B |
| 1-day change | +2.62% | +0.57% |
| YTD return | -8.65% | -21.20% |
| 1-year return | -10.34% | -26.20% |
| 5-year return | -31.31% | +4.00% |
| P/E ratio (TTM) | 21.56 | 28.70 |
| Forward P/E | 13.68 | 16.59 |
| EPS (TTM) | $4.07 | $9.65 |
| Dividend yield | 3.25% | 1.26% |
| Annual dividend | $2.85 | $3.48 |
| Revenue (latest FY) | $36.36B | $25.12B |
| Revenue growth (YoY) | +8.43% | +11.16% |
| Net income (latest FY) | $4.80B | $3.25B |
| Gross margin | 65.02% | 63.96% |
| Operating margin | 17.78% | 19.47% |
| Net margin | 13.20% | 12.92% |
| 52-week high | $106.33 | $392.55 |
| 52-week low | $73.31 | $267.00 |
| Distance from 52-week high | -17.47% | -29.44% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +19.02% | +32.20% |
| Average volume | 11.49M | 2.64M |
| Shares outstanding | 1.28B | 383.57M |
| Employees | 95,000 | 56,000 |
| Sector | Health Care | Health Care |
| Industry | Biotechnology: Electromedical & Electrotherapeutic Apparatus | Medical/Dental Instruments |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MDT has outperformed SYK by 15.9 percentage points over the past year.
- Stryker trades at a higher earnings multiple (28.7x vs 21.6x trailing P/E).
- Medtronic offers a meaningfully higher dividend yield (3.25% vs 1.26%).
About Medtronic
MDT stock →Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients in the United States, Ireland, and internationally. It operates through three segments: The Cardiovascular Portfolio, Neuroscience Portfolio, and Medical Surgical Portfolio.
Health Care · Biotechnology: Electromedical & Electrotherapeutic Apparatus · 95,000 employees
About Stryker
SYK stock →Stryker Corporation operates as a medical technology company in the United States and internationally. It operates through two segments, MedSurg and Neurotechnology, and Orthopaedics.
Health Care · Medical/Dental Instruments · 56,000 employees
MDT vs SYK FAQ
Which is bigger, Medtronic or Stryker?
Medtronic (MDT) is larger, with a market capitalization of $112.24B compared with $106.24B for Stryker (SYK).
Which stock has performed better over the past year, MDT or SYK?
MDT returned -10.34% over the past 12 months, compared with -26.20% for SYK (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MDT or SYK?
MDT has the lower trailing P/E at 21.6, versus 28.7 for SYK. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Medtronic or Stryker?
Medtronic has the higher yield at 3.25%, compared with 1.26% for Stryker.
Are Medtronic and Stryker in the same industry?
Both are in the Health Care sector, but in different industries: Biotechnology: Electromedical & Electrotherapeutic Apparatus for Medtronic and Medical/Dental Instruments for Stryker.