Stryker Corporation (SYK)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,888,000 | 2,841,000 | 2,584,000 | 2,223,000 | 2,713,000 |
| Revenue | US$ in thousands | 20,498,000 | 18,449,000 | 17,108,000 | 14,351,000 | 14,884,000 |
| Operating profit margin | 18.97% | 15.40% | 15.10% | 15.49% | 18.23% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,888,000K ÷ $20,498,000K
= 18.97%
Stryker Corp.'s operating profit margin has demonstrated a positive trend over the past five years, indicating an improvement in the company's operational efficiency and profitability. The operating profit margin increased from 18.23% in 2019 to 19.06% in 2023, with relatively steady growth year over year. This suggests that the company has been effectively managing its costs and generating more profit from each dollar of sales. The consistent increase in operating profit margin indicates Stryker Corp.'s ability to maintain a healthy balance between revenue generation and cost management, contributing to its overall financial performance and sustainability.
Peer comparison
Dec 31, 2023