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Medtronic vs Stryker: Which Stock Looks Stronger in 2026?

Medtronic holds the cleaner structural position, with the lead spread across growth and valuation. Stryker does not offset that deficit through any equally strong structural edge elsewhere. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the S&P 500 universe, making them directly comparable.

Updated 2026-07-05

The lead is spread across growth and valuation, rather than sitting in one isolated gap. Medtronic plc leads by 25 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Medical Devices

This comparison is based on industry proximity, not on functional trajectory similarity. MDT and SYK share the same industry classification.

For a similarity-based comparison, see how Medtronic and Stryker each position within their functional peer groups in AssetNext.

Peer-Relative Score
MDT
Medtronic plc
66
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
SYK
Stryker Corporation
41
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: MDT vs SYK Profitability 45 25 Stability 58 64 Valuation 80 51 Growth 82 28 MDT SYK
Gap Ranking
#1 Growth +54
#2 Valuation +29
#3 Profitability +20
#4 Stability +6
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for MDT and SYK Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer MDTSYK Relative valuation Structural strength

Medtronic plc looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where MDT and SYK each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY MDT Neutral · below norm 0th 50th 100th 1 pct gap SYK Neutral · below norm 0th 50th 100th 57th 58th
MDT (57th percentile) and SYK (58th percentile) both sit in the upper-middle of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
Medtronic plc ranks near the top of the group on growth; Stryker Corporation sits in the weaker half.
Valuation
On valuation, the same pattern holds: both are strong, but Medtronic plc still leads clearly.
Growth — Dominant Gap
MDT
82
SYK
28
Gap+54in favour of MDT

The clearest distance comes from a stronger growth profile.

What else supports the lead

A forward P/E that is 6.5 turns lower adds a second meaningful layer to the lead.

What this means for the comparison

The lead is built on both growth and valuation, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the MDT vs SYK comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar growth-and-valuation comparisons

Explore how MDT and SYK each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.