Medical - Devices
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MDT vs SYK
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
MDT vs SYK — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Medical - Devices | Medical - Devices |
| Market Cap | $97.62B | $109.33B |
| Revenue (TTM) | $35.48B | $25.12B |
| Net Income (TTM) | $4.61B | $3.25B |
| Gross Margin | 61.9% | 63.5% |
| Operating Margin | 17.9% | 22.4% |
| Forward P/E | 13.8x | 19.1x |
| Total Debt | $28.52B | $14.86B |
| Cash & Equiv. | $2.22B | $4.01B |
MDT vs SYK — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Medtronic plc (MDT) | 100 | 77.2 | -22.8% |
| Stryker Corporation (SYK) | 100 | 145.8 | +45.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MDT vs SYK
Each card shows where this stock fits in a portfolio — not just who wins on paper.
MDT carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 36 yrs, beta 0.42, yield 3.7%
- Lower volatility, beta 0.42, Low D/E 59.1%, current ratio 1.85x
- Beta 0.42, yield 3.7%, current ratio 1.85x
SYK is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 11.2%, EPS growth 8.2%, 3Y rev CAGR 10.8%
- 179.2% 10Y total return vs MDT's 24.3%
- PEG 1.28 vs MDT's 35.17
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 11.2% revenue growth vs MDT's 3.6% | |
| Value | Lower P/E (13.8x vs 19.1x) | |
| Quality / Margins | 13.0% margin vs SYK's 12.9% | |
| Stability / Safety | Beta 0.42 vs SYK's 0.52, lower leverage | |
| Dividends | 3.7% yield, 36-year raise streak, vs SYK's 1.2% | |
| Momentum (1Y) | -5.5% vs SYK's -24.5% | |
| Efficiency (ROA) | 175.8% ROA vs SYK's 6.9%, ROIC 6.0% vs 11.4% |
MDT vs SYK — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
MDT vs SYK — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
SYK leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MDT and SYK operate at a comparable scale, with $35.5B and $25.1B in trailing revenue. Profitability is closely matched — net margins range from 13.0% (MDT) to 12.9% (SYK).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $35.5B | $25.1B |
| EBITDAEarnings before interest/tax | $9.4B | $6.3B |
| Net IncomeAfter-tax profit | $4.6B | $3.2B |
| Free Cash FlowCash after capex | $5.4B | $4.3B |
| Gross MarginGross profit ÷ Revenue | +61.9% | +63.5% |
| Operating MarginEBIT ÷ Revenue | +17.9% | +22.4% |
| Net MarginNet income ÷ Revenue | +13.0% | +12.9% |
| FCF MarginFCF ÷ Revenue | +15.2% | +17.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.8% | +11.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -11.9% | +56.0% |
Valuation Metrics
MDT leads this category, winning 6 of 7 comparable metrics.
Valuation Metrics
At 21.1x trailing earnings, MDT trades at a 38% valuation discount to SYK's 34.0x P/E. Adjusting for growth (PEG ratio), SYK offers better value at 2.29x vs MDT's 35.17x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $97.6B | $109.3B |
| Enterprise ValueMkt cap + debt − cash | $123.9B | $120.2B |
| Trailing P/EPrice ÷ TTM EPS | 21.09x | 33.98x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.80x | 19.06x |
| PEG RatioP/E ÷ EPS growth rate | 35.17x | 2.29x |
| EV / EBITDAEnterprise value multiple | 14.06x | 19.76x |
| Price / SalesMarket cap ÷ Revenue | 2.91x | 4.35x |
| Price / BookPrice ÷ Book value/share | 2.04x | 4.87x |
| Price / FCFMarket cap ÷ FCF | 18.83x | 25.53x |
Profitability & Efficiency
SYK leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
SYK delivers a 15.0% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $9 for MDT. MDT carries lower financial leverage with a 0.59x debt-to-equity ratio, signaling a more conservative balance sheet compared to SYK's 0.66x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +9.4% | +15.0% |
| ROA (TTM)Return on assets | +175.8% | +6.9% |
| ROICReturn on invested capital | +6.0% | +11.4% |
| ROCEReturn on capital employed | +7.5% | +13.0% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 0.59x | 0.66x |
| Net DebtTotal debt minus cash | $26.3B | $10.8B |
| Cash & Equiv.Liquid assets | $2.2B | $4.0B |
| Total DebtShort + long-term debt | $28.5B | $14.9B |
| Interest CoverageEBIT ÷ Interest expense | 9.08x | 6.72x |
Total Returns (Dividends Reinvested)
SYK leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SYK five years ago would be worth $11,752 today (with dividends reinvested), compared to $7,076 for MDT. Over the past 12 months, MDT leads with a -5.5% total return vs SYK's -24.5%. The 3-year compound annual growth rate (CAGR) favors SYK at 0.8% vs MDT's -2.1% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -20.0% | -17.8% |
| 1-Year ReturnPast 12 months | -5.5% | -24.5% |
| 3-Year ReturnCumulative with dividends | -6.3% | +2.4% |
| 5-Year ReturnCumulative with dividends | -29.2% | +17.5% |
| 10-Year ReturnCumulative with dividends | +24.3% | +179.2% |
| CAGR (3Y)Annualised 3-year return | -2.1% | +0.8% |
Risk & Volatility
MDT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
MDT is the less volatile stock with a 0.42 beta — it tends to amplify market swings less than SYK's 0.52 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.42x | 0.52x |
| 52-Week HighHighest price in past year | $106.33 | $404.87 |
| 52-Week LowLowest price in past year | $75.91 | $284.97 |
| % of 52W HighCurrent price vs 52-week peak | +71.6% | +70.5% |
| RSI (14)Momentum oscillator 0–100 | 29.2 | 26.6 |
| Avg Volume (50D)Average daily shares traded | 7.9M | 2.1M |
Analyst Outlook
MDT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates MDT as "Buy" and SYK as "Buy". Consensus price targets imply 43.8% upside for MDT (target: $110) vs 36.5% for SYK (target: $390). For income investors, MDT offers the higher dividend yield at 3.65% vs SYK's 1.18%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $109.50 | $389.62 |
| # AnalystsCovering analysts | 49 | 50 |
| Dividend YieldAnnual dividend ÷ price | +3.7% | +1.2% |
| Dividend StreakConsecutive years of raises | 36 | 34 |
| Dividend / ShareAnnual DPS | $2.78 | $3.36 |
| Buyback YieldShare repurchases ÷ mkt cap | +3.3% | 0.0% |
SYK leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MDT leads in 3 (Valuation Metrics, Risk & Volatility).
MDT vs SYK: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is MDT or SYK a better buy right now?
For growth investors, Stryker Corporation (SYK) is the stronger pick with 11.
2% revenue growth year-over-year, versus 3. 6% for Medtronic plc (MDT). Medtronic plc (MDT) offers the better valuation at 21. 1x trailing P/E (13. 8x forward), making it the more compelling value choice. Analysts rate Medtronic plc (MDT) a "Buy" — based on 49 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MDT or SYK?
On trailing P/E, Medtronic plc (MDT) is the cheapest at 21.
1x versus Stryker Corporation at 34. 0x. On forward P/E, Medtronic plc is actually cheaper at 13. 8x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Stryker Corporation wins at 1. 28x versus Medtronic plc's 35. 17x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — MDT or SYK?
Over the past 5 years, Stryker Corporation (SYK) delivered a total return of +17.
5%, compared to -29. 2% for Medtronic plc (MDT). Over 10 years, the gap is even starker: SYK returned +179. 2% versus MDT's +24. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MDT or SYK?
By beta (market sensitivity over 5 years), Medtronic plc (MDT) is the lower-risk stock at 0.
42β versus Stryker Corporation's 0. 52β — meaning SYK is approximately 23% more volatile than MDT relative to the S&P 500. On balance sheet safety, Medtronic plc (MDT) carries a lower debt/equity ratio of 59% versus 66% for Stryker Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — MDT or SYK?
By revenue growth (latest reported year), Stryker Corporation (SYK) is pulling ahead at 11.
2% versus 3. 6% for Medtronic plc (MDT). On earnings-per-share growth, the picture is similar: Medtronic plc grew EPS 30. 8% year-over-year, compared to 8. 2% for Stryker Corporation. Over a 3-year CAGR, SYK leads at 10. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — MDT or SYK?
Medtronic plc (MDT) is the more profitable company, earning 13.
9% net margin versus 12. 9% for Stryker Corporation — meaning it keeps 13. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SYK leads at 19. 5% versus 17. 8% for MDT. At the gross margin level — before operating expenses — MDT leads at 65. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is MDT or SYK more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Stryker Corporation (SYK) is the more undervalued stock at a PEG of 1. 28x versus Medtronic plc's 35. 17x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, Medtronic plc (MDT) trades at 13. 8x forward P/E versus 19. 1x for Stryker Corporation — 5. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MDT: 43. 8% to $109. 50.
08Which pays a better dividend — MDT or SYK?
All stocks in this comparison pay dividends.
Medtronic plc (MDT) offers the highest yield at 3. 7%, versus 1. 2% for Stryker Corporation (SYK).
09Is MDT or SYK better for a retirement portfolio?
For long-horizon retirement investors, Stryker Corporation (SYK) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
52), 1. 2% yield, +179. 2% 10Y return). Both have compounded well over 10 years (SYK: +179. 2%, MDT: +24. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between MDT and SYK?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: MDT is a mid-cap income-oriented stock; SYK is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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