Stryker Corporation (SYK)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,993,000 | 3,165,000 | 2,358,000 | 1,994,000 | 1,599,000 |
| Total stockholders’ equity | US$ in thousands | 20,634,000 | 18,593,000 | 16,616,000 | 14,877,000 | 13,084,000 |
| ROE | 14.51% | 17.02% | 14.19% | 13.40% | 12.22% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $2,993,000K ÷ $20,634,000K
= 14.51%
The return on equity (ROE) for Stryker Corporation has shown a positive trend over the years, increasing from 12.22% as of December 31, 2020, to 14.51% as of December 31, 2024. This indicates that the company has been effectively utilizing its shareholders' equity to generate profits. The ROE reaching 17.02% as of December 31, 2023, reflects a significant improvement in the company's profitability and efficiency in utilizing equity investments during that period. Overall, the upward trajectory of ROE suggests that Stryker has been successful in generating higher returns for its shareholders relative to the equity invested in the company.
Peer comparison
Dec 31, 2024