Stryker Corporation (SYK)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	3,689,000	4,365,000	4,211,000	4,125,000	3,888,000	3,445,000	3,322,000	3,129,000	2,841,000	2,846,000	2,612,000	2,572,000	2,584,000	2,514,000	2,799,000	2,047,000	2,223,000	2,418,000	2,187,000	2,820,000
Revenue (ttm)	US$ in thousands	22,595,000	21,974,000	21,389,000	20,963,000	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
Operating profit margin		16.33%	19.86%	19.69%	19.68%	18.97%	17.32%	17.08%	16.51%	15.40%	15.86%	14.82%	14.76%	15.10%	15.08%	17.23%	13.91%	15.49%	17.00%	15.54%	18.86%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,689,000K ÷ $22,595,000K
= 16.33%

The operating profit margin of Stryker Corporation, as indicated in the provided data, has shown some fluctuations over the observed periods.

From March 2020 to June 2020, there was a slight decrease in the operating profit margin from 18.86% to 15.54%. However, the margin improved in September 2020 to 17.00%.

Subsequently, there was a decline in December 2020 to 15.49%, followed by a further decrease in March 2021 to 13.91%. The margin then recovered in June 2021 to 17.23% but dipped again in September 2021 to 15.08%.

However, from that point onwards, there was a general upward trend in the operating profit margin, with improvements noted in the following quarters. Notably, for December 2023, the margin reached 18.97%, marking a significant increase over the preceding periods.

Towards the end of the observed timeline, there was a slight decline in the margin by December 2024 to 16.33%, but it remained relatively stable compared to previous fluctuations.

Overall, the operating profit margin of Stryker Corporation displayed variability over the analyzed quarters, with periods of both increase and decrease. It's apparent that the company has experienced fluctuations in its profitability performance over time.