Stryker Corporation (SYK)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 14,440,000 | 13,058,000 | 11,578,000 | 10,968,000 | 9,057,000 |
| Revenue | US$ in thousands | 22,595,000 | 20,498,000 | 18,449,000 | 17,108,000 | 14,351,000 |
| Gross profit margin | 63.91% | 63.70% | 62.76% | 64.11% | 63.11% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $14,440,000K ÷ $22,595,000K
= 63.91%
The gross profit margin of Stryker Corporation has shown variations over the years, ranging from 62.76% in December 31, 2022, to a peak of 64.11% in December 31, 2021. This indicates the company's ability to efficiently generate profit from its sales after accounting for the cost of goods sold. The slight fluctuations in the margin suggest that Stryker has been able to manage its production costs effectively while maintaining healthy profitability levels. The steady increase in the margin from 2020 to 2021 followed by a modest decline in 2022 and a subsequent uptick in 2023 and 2024 demonstrates a consistent performance in optimizing its gross profit margins. Overall, the trend in Stryker's gross profit margin reflects a stable financial position and effective cost management within the organization.
Peer comparison
Dec 31, 2024