Stryker Corporation (SYK)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,993,000 | 3,590,000 | 3,448,000 | 3,361,000 | 3,165,000 | 2,585,000 | 2,709,000 | 2,627,000 | 2,358,000 | 2,457,000 | 2,079,000 | 2,015,000 | 1,994,000 | 1,900,000 | 2,083,000 | 1,408,000 | 1,599,000 | 1,756,000 | 1,601,000 | 2,164,000 |
| Total stockholders’ equity | US$ in thousands | 20,634,000 | 20,149,000 | 19,762,000 | 19,172,000 | 18,593,000 | 17,905,000 | 17,361,000 | 16,895,000 | 16,616,000 | 16,463,000 | 15,674,000 | 15,046,000 | 14,877,000 | 14,178,000 | 13,820,000 | 13,502,000 | 13,084,000 | 12,986,000 | 12,754,000 | 13,115,000 |
| 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,993,000K ÷ $20,634,000K
= 14.51%
Stryker Corporation's return on equity (ROE) has displayed fluctuations over the past few years. The ROE was at 16.50% as of March 31, 2020, indicating a solid performance in generating profits relative to shareholders' equity. However, the ROE declined to 12.55% by June 30, 2020, before slightly increasing to 13.52% by September 30, 2020. The ROE further decreased to 12.22% by December 31, 2020, signaling a temporary dip in profitability.
Subsequently, there was a slight recovery in ROE, reaching 10.43% by March 31, 2021, followed by a more significant improvement to 15.07% by June 30, 2021. The ROE remained relatively stable around the 13-14% range during the next few quarters, indicating a moderate level of return on equity for shareholders.
Towards the end of 2023 and the beginning of 2024, there was a notable upswing in ROE, with values reaching 17.02% by December 31, 2023, and further increasing to 17.53% by March 31, 2024. The trend continued, with ROE staying consistently high at around 17-18% for the following quarters until September 30, 2024. However, by December 31, 2024, ROE dropped to 14.51%, suggesting a slight decline in profitability relative to shareholders' equity.
Overall, Stryker Corporation's ROE has demonstrated variability but generally maintained a healthy level of return on equity during the period analyzed. The company experienced both peaks and troughs in ROE, reflecting fluctuations in profit generation efficiency and shareholder value creation over time. It is essential for stakeholders to monitor these trends to assess the company's financial performance and strategic direction accurately.
Peer comparison
Dec 31, 2024