Stock Analysis on Net

Stryker Corp. (NYSE:SYK)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 29, 2022.

Analysis of Reportable Segments

Microsoft Excel

Segment Profit Margin

Stryker Corp., profit margin by reportable segment

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
MedSurg and Neurotechnology
Orthopaedics and Spine

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Segment profitability ratio Reportable segment The company
Segment profit margin MedSurg and Neurotechnology MedSurg and Neurotechnology segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.
Orthopaedics and Spine Orthopaedics and Spine segment profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Segment Profit Margin: MedSurg and Neurotechnology

Stryker Corp.; MedSurg and Neurotechnology; segment profit margin calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Segment operating income
Net sales
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment profit margin = 100 × Segment operating income ÷ Net sales
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin MedSurg and Neurotechnology MedSurg and Neurotechnology segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Segment Profit Margin: Orthopaedics and Spine

Stryker Corp.; Orthopaedics and Spine; segment profit margin calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Segment operating income
Net sales
Segment Profitability Ratio
Segment profit margin1

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment profit margin = 100 × Segment operating income ÷ Net sales
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment profit margin Orthopaedics and Spine Orthopaedics and Spine segment profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Segment Return on Assets (Segment ROA)

Stryker Corp., ROA by reportable segment

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
MedSurg and Neurotechnology
Orthopaedics and Spine

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Segment profitability ratio Reportable segment The company
Segment ROA MedSurg and Neurotechnology MedSurg and Neurotechnology segment ROA improved from 2019 to 2020 and from 2020 to 2021.
Orthopaedics and Spine Orthopaedics and Spine segment ROA deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Segment ROA: MedSurg and Neurotechnology

Stryker Corp.; MedSurg and Neurotechnology; segment ROA calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Segment operating income
Assets
Segment Profitability Ratio
Segment ROA1

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment ROA = 100 × Segment operating income ÷ Assets
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment ROA MedSurg and Neurotechnology MedSurg and Neurotechnology segment ROA improved from 2019 to 2020 and from 2020 to 2021.

Segment ROA: Orthopaedics and Spine

Stryker Corp.; Orthopaedics and Spine; segment ROA calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Segment operating income
Assets
Segment Profitability Ratio
Segment ROA1

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment ROA = 100 × Segment operating income ÷ Assets
= 100 × ÷ =

Segment profitability ratio Reportable segment The company
Segment ROA Orthopaedics and Spine Orthopaedics and Spine segment ROA deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Segment Asset Turnover

Stryker Corp., asset turnover by reportable segment

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
MedSurg and Neurotechnology
Orthopaedics and Spine

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Segment activity ratio Reportable segment The company
Segment asset turnover MedSurg and Neurotechnology MedSurg and Neurotechnology segment asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.
Orthopaedics and Spine Orthopaedics and Spine segment asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Segment Asset Turnover: MedSurg and Neurotechnology

Stryker Corp.; MedSurg and Neurotechnology; segment asset turnover calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net sales
Assets
Segment Activity Ratio
Segment asset turnover1

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment asset turnover = Net sales ÷ Assets
= ÷ =

Segment activity ratio Reportable segment The company
Segment asset turnover MedSurg and Neurotechnology MedSurg and Neurotechnology segment asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.

Segment Asset Turnover: Orthopaedics and Spine

Stryker Corp.; Orthopaedics and Spine; segment asset turnover calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net sales
Assets
Segment Activity Ratio
Segment asset turnover1

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment asset turnover = Net sales ÷ Assets
= ÷ =

Segment activity ratio Reportable segment The company
Segment asset turnover Orthopaedics and Spine Orthopaedics and Spine segment asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Segment Capital Expenditures to Depreciation

Stryker Corp., capital expenditures to depreciation by reportable segment

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
MedSurg and Neurotechnology
Orthopaedics and Spine

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation MedSurg and Neurotechnology MedSurg and Neurotechnology segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Orthopaedics and Spine Orthopaedics and Spine segment capital expenditures to depreciation ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Segment Capital Expenditures to Depreciation: MedSurg and Neurotechnology

Stryker Corp.; MedSurg and Neurotechnology; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Purchases of property, plant and equipment
Depreciation and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment capital expenditures to depreciation = Purchases of property, plant and equipment ÷ Depreciation and amortization
= ÷ =

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation MedSurg and Neurotechnology MedSurg and Neurotechnology segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Segment Capital Expenditures to Depreciation: Orthopaedics and Spine

Stryker Corp.; Orthopaedics and Spine; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Purchases of property, plant and equipment
Depreciation and amortization
Segment Financial Ratio
Segment capital expenditures to depreciation1

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment capital expenditures to depreciation = Purchases of property, plant and equipment ÷ Depreciation and amortization
= ÷ =

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Orthopaedics and Spine Orthopaedics and Spine segment capital expenditures to depreciation ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Net sales

Stryker Corp., net sales by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
MedSurg and Neurotechnology
Orthopaedics and Spine
Total

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).


Depreciation and amortization

Stryker Corp., depreciation and amortization by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
MedSurg and Neurotechnology
Orthopaedics and Spine
Corporate and Other
Total

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).


Segment operating income

Stryker Corp., segment operating income by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
MedSurg and Neurotechnology
Orthopaedics and Spine
Total

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).


Assets

Stryker Corp., assets by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
MedSurg and Neurotechnology
Orthopaedics and Spine
Corporate and Other
Total

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).


Purchases of property, plant and equipment

Stryker Corp., purchases of property, plant and equipment by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
MedSurg and Neurotechnology
Orthopaedics and Spine
Corporate and Other
Total

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).