Stryker Corporation (SYK)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	14,440,000	13,969,000	13,610,000	13,375,000	13,058,000	12,591,000	12,215,000	11,860,000	11,578,000	11,387,000	11,247,000	11,193,000	10,968,000	10,640,000	10,459,000	9,235,000	9,057,000	9,043,000	8,912,000	9,744,000
Revenue (ttm)	US$ in thousands	22,595,000	21,974,000	21,389,000	20,963,000	20,498,000	19,885,000	19,455,000	18,952,000	18,449,000	17,948,000	17,629,000	17,430,000	17,108,000	16,669,000	16,246,000	14,716,000	14,351,000	14,220,000	14,070,000	14,956,000
Gross profit margin		63.91%	63.57%	63.63%	63.80%	63.70%	63.32%	62.79%	62.58%	62.76%	63.44%	63.80%	64.22%	64.11%	63.83%	64.38%	62.75%	63.11%	63.59%	63.34%	65.15%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $14,440,000K ÷ $22,595,000K
= 63.91%

Stryker Corporation's gross profit margin has shown some fluctuations over the past few years. It ranged from a high of 65.15% on March 31, 2020, to a low of 62.58% on March 31, 2023. Overall, the trend has been relatively stable with minor variations around the mid-60% range.

The company's gross profit margin experienced a slight decline in the most recent period, reaching 63.91% on December 31, 2024. This indicates that Stryker Corporation is effectively managing its production costs and maintaining a healthy level of profitability from its core operations.

It is essential for the company to continue monitoring and optimizing its cost structure to ensure that the gross profit margin remains competitive and sustainable in the long term. Further analysis of the factors influencing these fluctuations, such as changes in pricing strategies, input costs, or sales mix, could provide valuable insights for strategic decision-making.