Stryker Corporation (SYK)

Net 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
Net income (ttm)	US$ in thousands	3,165,000	2,585,000	2,709,000	2,627,000	2,358,000	2,457,000	2,079,000	2,015,000	1,994,000	1,900,000	2,083,000	1,408,000	1,599,000	1,756,000	1,601,000	2,164,000	2,083,000	3,426,000	3,550,000	3,522,000
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
Net profit margin		15.44%	13.00%	13.92%	13.86%	12.78%	13.69%	11.79%	11.56%	11.66%	11.40%	12.82%	9.57%	11.14%	12.35%	11.38%	14.47%	13.99%	23.55%	24.99%	25.38%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $3,165,000K ÷ $20,498,000K
= 15.44%

The net profit margin of Stryker Corp. has shown a consistent improvement over the past eight quarters. It increased from 11.56% in Q1 2022 to 15.44% in Q4 2023, indicating the company's ability to control costs and generate higher profits relative to its revenue. This upward trend suggests strong operational efficiency and effective management of expenses. The company experienced a slight dip in Q3 2022 with a net profit margin of 11.79%, but quickly rebounded in the subsequent quarters.

Overall, Stryker Corp.'s net profit margin performance reflects a positive trajectory, highlighting its profitability and financial health during the analyzed period. This consistent improvement may indicate well-planned strategies and successful execution by the company's management team to drive profitability.