Stryker Corporation (SYK)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	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	9,696,000	9,449,000	9,274,000	9,084,000
Revenue (ttm)	US$ in thousands	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	14,884,000	14,549,000	14,204,000	13,876,000
Gross profit margin		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%	65.14%	64.95%	65.29%	65.47%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $13,058,000K ÷ $20,498,000K
= 63.70%

The gross profit margin of Stryker Corp. has been relatively stable over the past eight quarters, ranging between 62.58% and 64.22%. The company's ability to generate profits from its core operations has remained strong, with the margin hovering around the mid-60% range. The slight fluctuations seen in the gross profit margin indicate some variability in the cost of goods sold relative to the revenue generated.

Overall, Stryker Corp. has maintained a healthy gross profit margin, signaling efficient cost management and pricing strategies within its business operations. This consistent performance suggests that the company has been effectively controlling production costs and pricing its products competitively in the market.