Stryker Corporation (SYK)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,689,000 | 3,888,000 | 2,841,000 | 2,584,000 | 2,223,000 |
| Revenue | US$ in thousands | 22,595,000 | 20,498,000 | 18,449,000 | 17,108,000 | 14,351,000 |
| Operating profit margin | 16.33% | 18.97% | 15.40% | 15.10% | 15.49% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,689,000K ÷ $22,595,000K
= 16.33%
Stryker Corporation's operating profit margin has shown a stable performance over the past five years. The margin stood at 15.49% as of December 31, 2020, and slightly decreased to 15.10% by December 31, 2021. However, in the following year, the margin recovered to 15.40%. There was a significant increase in operating profit margin to 18.97% by the end of December 31, 2023, indicating improved profitability. Subsequently, by December 31, 2024, the margin decreased to 16.33%, but still remained healthy. Overall, Stryker Corporation has demonstrated efficient management of its operating expenses to generate consistent operating profit margins over the years, with a notable improvement in 2023.
Peer comparison
Dec 31, 2024