Stryker Corporation (SYK)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	3,492,000	4,190,000	4,016,000	3,917,000	3,673,000	3,208,000	3,155,000	2,976,000	2,683,000	2,679,000	2,358,000	2,300,000	2,281,000	2,195,000	2,480,000	1,731,000	1,954,000	2,219,000	2,020,000	2,672,000
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
Pretax margin		15.45%	19.07%	18.78%	18.69%	17.92%	16.13%	16.22%	15.70%	14.54%	14.93%	13.38%	13.20%	13.33%	13.17%	15.27%	11.76%	13.62%	15.60%	14.36%	17.87%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,492,000K ÷ $22,595,000K
= 15.45%

The pretax margin of Stryker Corporation has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. Starting at 17.87% in March 2020, the pretax margin gradually decreased to 11.76% by March 31, 2021, indicating a decline in profitability before recovering to 15.27% in June 2021.

The trend continued with fluctuations but an overall improving trend, as the pretax margin reached 19.07% by September 30, 2024. However, there was a decrease to 15.45% by December 31, 2024, following the peak in the previous quarter.

Overall, the pretax margin of Stryker Corporation has displayed volatility but also demonstrated an upward trajectory, indicating the company's ability to manage its expenses and generate profits before taxes efficiently, with some variations in performance notable throughout the analyzed period.