Stryker Corporation (SYK)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,673,000 | 2,683,000 | 2,281,000 | 1,954,000 | 2,562,000 |
| Revenue | US$ in thousands | 20,498,000 | 18,449,000 | 17,108,000 | 14,351,000 | 14,884,000 |
| Pretax margin | 17.92% | 14.54% | 13.33% | 13.62% | 17.21% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,673,000K ÷ $20,498,000K
= 17.92%
The pretax margin of Stryker Corp. has exhibited fluctuations over the past five years. In 2023, the pretax margin increased to 17.92%, representing a significant improvement from the previous year when it stood at 14.54%. This upward trend indicates that the company was able to generate a higher percentage of pre-tax profit for every dollar of revenue in 2023 compared to 2022.
Looking further back, the pretax margin in 2021 was 13.33%, slightly lower than in the following years. In 2020, there was a minor decrease in pretax margin to 13.62%, before experiencing an uptick to 17.21% in 2019.
Overall, the pretax margin performance of Stryker Corp. demonstrates variability but generally shows an ability to effectively manage costs and generate profits before taxes. The significant increase in 2023 suggests potential operational improvements or other factors positively impacting the company's profitability.
Peer comparison
Dec 31, 2023