Net Profit Margin
since 2005
Calculation
Stryker Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net earnings1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 11.66% | = | 100 | × | 1,994) | ÷ | 17,108) |
| Dec 31, 2020 | 11.14% | = | 100 | × | 1,599) | ÷ | 14,351) |
| Dec 31, 2019 | 13.99% | = | 100 | × | 2,083) | ÷ | 14,884) |
| Dec 31, 2018 | 26.12% | = | 100 | × | 3,553) | ÷ | 13,601) |
| Dec 31, 2017 | 8.20% | = | 100 | × | 1,020) | ÷ | 12,444) |
| Dec 31, 2016 | 14.54% | = | 100 | × | 1,647) | ÷ | 11,325) |
| Dec 31, 2015 | 14.47% | = | 100 | × | 1,439) | ÷ | 9,946) |
| Dec 31, 2014 | 5.32% | = | 100 | × | 515) | ÷ | 9,675) |
| Dec 31, 2013 | 11.15% | = | 100 | × | 1,006) | ÷ | 9,021) |
| Dec 31, 2012 | 14.99% | = | 100 | × | 1,298) | ÷ | 8,657) |
| Dec 31, 2011 | 16.19% | = | 100 | × | 1,345) | ÷ | 8,307) |
| Dec 31, 2010 | 17.40% | = | 100 | × | 1,273) | ÷ | 7,320) |
| Dec 31, 2009 | 16.47% | = | 100 | × | 1,107) | ÷ | 6,723) |
| Dec 31, 2008 | 17.08% | = | 100 | × | 1,148) | ÷ | 6,718) |
| Dec 31, 2007 | 16.96% | = | 100 | × | 1,017) | ÷ | 6,001) |
| Dec 31, 2006 | 14.39% | = | 100 | × | 778) | ÷ | 5,406) |
| Dec 31, 2005 | 13.86% | = | 100 | × | 675) | ÷ | 4,872) |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
- Net sales
- Net sales exhibited a consistent upward trend from 2005 to 2021, growing from $4,872 million to $17,108 million. The growth was steady with incremental increases year over year, except for a slight decline between 2019 and 2020 where net sales decreased from $14,884 million to $14,351 million. This minor setback was followed by a strong recovery in 2021, reaching the highest reported figure in the period.
- Net earnings
- Net earnings generally followed an increasing trajectory from 2005 through 2012, rising from $675 million to $1,298 million. However, a notable decline appeared in 2013 and 2014, with earnings dropping sharply to $1,006 million and $515 million respectively. Afterward, net earnings recovered and peaked in 2018 at $3,553 million, the highest point in the dataset. The figures declined again in 2019 and 2020, then modestly rose in 2021 to $1,994 million. This suggests volatility and significant fluctuations particularly from 2013 onwards.
- Net profit margin
- The net profit margin fluctuated during the period under review. It increased from 13.86% in 2005 to peak around 17.4% in 2010, indicating improved profitability in the earlier years. Thereafter, margins declined to as low as 5.32% in 2014, reflecting a period of decreased profitability likely corresponding with the drop in net earnings in the same timeframe. A notable spike occurred in 2018, with the margin rising to 26.12%, which coincided with the peak net earnings that year. Following this spike, margins stabilized around 11-14% in 2019 to 2021, showing a return to moderate profitability levels.
- Overall observations
- The data reveal a pattern of sustained revenue growth, accompanied by considerable fluctuations in profitability and net earnings in the latter years. Significant variability in net earnings and profit margins, especially the sharp drop in 2014 and the spike in 2018, suggest episodic events impacting financial performance. Despite these fluctuations, the ability to generate increasing net sales demonstrates a strong underlying business expansion over the analyzed period.
Comparison to Competitors
Stryker Corp., net profit margin, long-term trends, comparison to competitors
| Stryker Corp. | Abbott Laboratories | CVS Health Corp. | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 11.66% | 16.42% | 2.72% | 4.46% | 29.85% | 11.97% | 6.06% |
| Dec 31, 2020 | 11.14% | 12.99% | 2.68% | 3.78% | 24.33% | 16.56% | 6.03% |
| Dec 31, 2019 | 13.99% | 11.56% | 2.59% | 4.66% | 30.80% | 15.16% | 5.76% |
| Dec 31, 2018 | 26.12% | 7.74% | -0.31% | 4.11% | 30.29% | 10.36% | 5.33% |
| Dec 31, 2017 | 8.20% | 1.74% | 3.58% | 4.31% | 21.09% | 13.56% | 5.28% |
| Dec 31, 2016 | 14.54% | 6.71% | 3.00% | 2.93% | 27.21% | 12.27% | 3.81% |
| Dec 31, 2015 | 14.47% | 21.68% | 3.42% | 3.27% | 24.69% | 13.20% | 3.72% |
| Dec 31, 2014 | 5.32% | 11.28% | 3.33% | 3.52% | 19.65% | 18.02% | 4.33% |
| Dec 31, 2013 | 11.15% | 11.79% | 3.62% | 3.55% | 29.62% | 20.90% | 4.62% |
| Dec 31, 2012 | 14.99% | 14.95% | 3.15% | 4.37% | 30.14% | 22.35% | 5.03% |
| Dec 31, 2011 | 16.19% | 12.17% | 3.23% | 4.42% | 28.17% | 19.43% | 5.08% |
| Dec 31, 2010 | 17.40% | 13.15% | 3.55% | 4.99% | 27.02% | 19.59% | 4.95% |
| Dec 31, 2009 | 16.47% | 18.68% | 3.74% | 7.80% | 22.11% | 14.86% | 4.42% |
| Dec 31, 2008 | 17.08% | 16.53% | 3.67% | 4.04% | 23.35% | 16.51% | 3.70% |
| Dec 31, 2007 | 16.96% | 13.92% | 3.45% | 5.56% | 24.06% | 22.78% | 6.26% |
| Dec 31, 2006 | 14.39% | 7.64% | 3.12% | 5.52% | 19.33% | 22.55% | 5.89% |
| Dec 31, 2005 | 13.86% | 15.10% | 3.31% | 5.53% | 41.41% | 17.94% | 7.36% |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Health Care Equipment & Services)
Stryker Corp., net profit margin, long-term trends, comparison to sector (health care equipment & services)
| Stryker Corp. | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2021 | 11.66% | 5.52% |
| Dec 31, 2020 | 11.14% | 5.26% |
| Dec 31, 2019 | 13.99% | 5.25% |
| Dec 31, 2018 | 26.12% | 3.79% |
| Dec 31, 2017 | 8.20% | 4.90% |
| Dec 31, 2016 | 14.54% | 4.11% |
| Dec 31, 2015 | 14.47% | 4.94% |
| Dec 31, 2014 | 5.32% | 4.88% |
| Dec 31, 2013 | 11.15% | 5.40% |
| Dec 31, 2012 | 14.99% | 6.33% |
| Dec 31, 2011 | 16.19% | 6.03% |
| Dec 31, 2010 | 17.40% | 6.35% |
| Dec 31, 2009 | 16.47% | 6.98% |
| Dec 31, 2008 | 17.08% | 5.85% |
| Dec 31, 2007 | 16.96% | 6.89% |
| Dec 31, 2006 | 14.39% | 6.33% |
| Dec 31, 2005 | 13.86% | 7.71% |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
Stryker Corp., net profit margin, long-term trends, comparison to industry (health care)
| Stryker Corp. | Health Care | |
|---|---|---|
| Dec 31, 2021 | 11.66% | 12.42% |
| Dec 31, 2020 | 11.14% | 8.45% |
| Dec 31, 2019 | 13.99% | 11.58% |
| Dec 31, 2018 | 26.12% | 9.92% |
| Dec 31, 2017 | 8.20% | 8.05% |
| Dec 31, 2016 | 14.54% | 10.68% |
| Dec 31, 2015 | 14.47% | 11.77% |
| Dec 31, 2014 | 5.32% | 12.15% |
| Dec 31, 2013 | 11.15% | 12.81% |
| Dec 31, 2012 | 14.99% | 11.86% |
| Dec 31, 2011 | 16.19% | 10.50% |
| Dec 31, 2010 | 17.40% | 10.48% |
| Dec 31, 2009 | 16.47% | 15.08% |
| Dec 31, 2008 | 17.08% | 11.35% |
| Dec 31, 2007 | 16.96% | 11.02% |
| Dec 31, 2006 | 14.39% | 13.95% |
| Dec 31, 2005 | 13.86% | 13.38% |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).