Stryker Corporation (SYK)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 13,058,000 | 11,578,000 | 10,968,000 | 9,057,000 | 9,696,000 |
| Revenue | US$ in thousands | 20,498,000 | 18,449,000 | 17,108,000 | 14,351,000 | 14,884,000 |
| Gross profit margin | 63.70% | 62.76% | 64.11% | 63.11% | 65.14% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $13,058,000K ÷ $20,498,000K
= 63.70%
Stryker Corp.'s gross profit margin has shown some fluctuations over the past five years. In 2023, the company achieved a gross profit margin of 63.70%, a slight increase from the previous year's margin of 62.76%. However, the 2023 margin is lower compared to the margins of 2021 (64.11%) and 2019 (65.14%). Despite this, Stryker has maintained a relatively stable gross profit margin range between 62%-65% during this period. A high and consistent gross profit margin indicates that the company is effectively controlling its production costs and pricing strategies, which is a positive sign for its profitability.
Peer comparison
Dec 31, 2023