Stryker Corporation (SYK)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,165,000 | 2,358,000 | 1,994,000 | 1,599,000 | 2,083,000 |
| Revenue | US$ in thousands | 20,498,000 | 18,449,000 | 17,108,000 | 14,351,000 | 14,884,000 |
| Net profit margin | 15.44% | 12.78% | 11.66% | 11.14% | 13.99% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $3,165,000K ÷ $20,498,000K
= 15.44%
The net profit margin of Stryker Corp. has shown a fluctuating trend over the past five years. Starting at 13.99% in 2019, the net profit margin increased to 15.44% in 2023. This indicates that the company was able to generate more profit from its revenue in the most recent year compared to the base year.
Although there were minor fluctuations in between, the net profit margin generally increased over the period under review. This suggests that Stryker Corp. has been successful in managing its expenses relative to its revenue, resulting in improved profitability.
Overall, the increasing trend in net profit margin demonstrates the company's ability to maintain and enhance its profitability over the years, which is a positive indicator for investors and stakeholders.
Peer comparison
Dec 31, 2023