Stryker Corporation (SYK)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 63.91% | 63.57% | 63.63% | 63.80% | 63.70% | 63.32% | 62.79% | 62.58% | 62.76% | 63.44% | 63.80% | 64.22% | 64.11% | 63.83% | 64.38% | 62.75% | 63.11% | 63.59% | 63.34% | 65.15% |
| 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% |
| 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% |
| Net profit margin | 13.25% | 16.34% | 16.12% | 16.03% | 15.44% | 13.00% | 13.92% | 13.86% | 12.78% | 13.69% | 11.79% | 11.56% | 11.66% | 11.40% | 12.82% | 9.57% | 11.14% | 12.35% | 11.38% | 14.47% |
Stryker Corporation's profitability ratios demonstrate a consistent trend over the years.
1. Gross profit margin has remained relatively stable, ranging from 62.58% to 65.15% during the period under review. This indicates the company's ability to generate profits after accounting for the cost of goods sold.
2. Operating profit margin fluctuates more significantly, varying from 13.91% to 19.86%. The trend shows some volatility in the operational efficiency and cost management of the company.
3. Pretax margin has shown a gradual improvement from 11.76% to 19.07% during the period, reflecting the company's ability to generate profits before accounting for taxes.
4. Net profit margin has also exhibited an upward trajectory from 9.57% to 16.34%, highlighting the company's ability to generate profits after all expenses, including taxes, have been deducted.
Overall, the company has shown resilience in maintaining and improving its profitability margins over the years, indicating effective cost management and operational efficiency.
Return on investment
| 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 return on assets (Operating ROA) | 8.58% | 9.96% | 10.76% | 10.47% | 9.74% | 9.06% | 8.88% | 8.50% | 7.70% | 7.91% | 7.25% | 7.12% | 7.46% | 7.36% | 8.31% | 6.12% | 6.48% | 7.49% | 6.95% | 9.58% |
| Return on assets (ROA) | 6.97% | 8.19% | 8.81% | 8.53% | 7.93% | 6.80% | 7.24% | 7.13% | 6.39% | 6.83% | 5.77% | 5.58% | 5.76% | 5.56% | 6.18% | 4.21% | 4.66% | 5.44% | 5.09% | 7.35% |
| Return on total capital | 11.24% | 13.04% | 14.09% | 13.76% | 13.18% | 12.18% | 11.65% | 10.88% | 9.98% | 9.74% | 8.99% | 8.89% | 9.45% | 9.38% | 10.54% | 7.71% | 8.45% | 9.67% | 8.90% | 12.52% |
| Return on equity (ROE) | 14.51% | 17.82% | 17.45% | 17.53% | 17.02% | 14.44% | 15.60% | 15.55% | 14.19% | 14.92% | 13.26% | 13.39% | 13.40% | 13.40% | 15.07% | 10.43% | 12.22% | 13.52% | 12.55% | 16.50% |
Stryker Corporation has demonstrated a consistent improvement in its profitability ratios over the past few years. The Operating Return on Assets (Operating ROA) has shown an upward trend, increasing from 9.58% on March 31, 2020, to 10.47% on March 31, 2024. This indicates the company's ability to generate operating income from its assets has been improving steadily.
Similarly, the Return on Assets (ROA) has also shown a positive trajectory, rising from 7.35% on March 31, 2020, to 8.81% on June 30, 2024. This metric reflects the profitability of the company's assets and signifies an enhancement in the efficiency of asset utilization over the period.
Furthermore, the Return on Total Capital demonstrates an increasing trend, climbing from 12.52% on March 31, 2020, to 14.09% on June 30, 2024. This ratio indicates the company's ability to generate returns for both debt and equity holders, showing an improvement in overall capital efficiency.
Lastly, the Return on Equity (ROE) displays a consistent uptrend, increasing from 16.50% on March 31, 2020, to 17.82% on September 30, 2024. This metric reflects the profitability generated for the company's shareholders and signifies a strong performance in terms of equity investment returns.
Overall, the profitability ratios of Stryker Corporation have shown positive growth, indicating efficient management of assets and capital, as well as favorable returns for both debt and equity investors.