Stock Analysis on Net

Stryker Corp. (NYSE:SYK)

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

Analysis of Profitability Ratios

Microsoft Excel

Profitability Ratios (Summary)

Stryker Corp., profitability ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Return on Sales
Gross profit margin 64.11% 63.11% 65.14% 65.72% 65.68%
Operating profit margin 15.10% 15.49% 18.23% 18.65% 18.40%
Net profit margin 11.66% 11.14% 13.99% 26.12% 8.20%
Return on Investment
Return on equity (ROE) 13.40% 12.22% 16.26% 30.29% 10.23%
Return on assets (ROA) 5.76% 4.66% 6.90% 13.05% 4.60%

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).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Stryker Corp. gross profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Stryker Corp. operating profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Stryker Corp. net profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Stryker Corp. ROE deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
ROA A profitability ratio calculated as net income divided by total assets. Stryker Corp. ROA deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Gross Profit Margin

Stryker Corp., gross profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Gross profit 10,968 9,057 9,696 8,938 8,173
Net sales 17,108 14,351 14,884 13,601 12,444
Profitability Ratio
Gross profit margin1 64.11% 63.11% 65.14% 65.72% 65.68%
Benchmarks
Gross Profit Margin, Competitors2
Abbott Laboratories 52.21% 50.49% 52.46%
Cigna Group 12.41% 14.43% 15.57%
CVS Health Corp. 17.48% 18.01% 17.41%
Danaher Corp. 60.95% 55.98% 55.74%
Elevance Health Inc. 17.09% 19.71% 18.77%
Intuitive Surgical Inc. 69.32% 65.65% 69.45%
Medtronic PLC 65.19% 67.41% 70.04% 69.77%
UnitedHealth Group Inc. 23.60% 25.62% 23.19%

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
Gross profit margin = 100 × Gross profit ÷ Net sales
= 100 × 10,968 ÷ 17,108 = 64.11%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Stryker Corp. gross profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Operating Profit Margin

Stryker Corp., operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Operating income 2,584 2,223 2,713 2,537 2,290
Net sales 17,108 14,351 14,884 13,601 12,444
Profitability Ratio
Operating profit margin1 15.10% 15.49% 18.23% 18.65% 18.40%
Benchmarks
Operating Profit Margin, Competitors2
Abbott Laboratories 19.56% 15.48% 14.21%
Cigna Group 4.60% 5.12% 5.31%
CVS Health Corp. 4.54% 5.19% 4.69%
Danaher Corp. 25.35% 18.99% 18.25%
Elevance Health Inc. 5.15% 4.97% 5.49%
Humana Inc. 3.80% 6.56% 4.96%
Intuitive Surgical Inc. 31.89% 24.09% 30.69%
Medtronic PLC 14.89% 16.57% 20.51% 22.20%
UnitedHealth Group Inc. 8.40% 8.76% 8.19%
Operating Profit Margin, Sector
Health Care Equipment & Services 7.20% 7.31% 7.11%
Operating Profit Margin, Industry
Health Care 13.19% 10.52% 12.41%

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
Operating profit margin = 100 × Operating income ÷ Net sales
= 100 × 2,584 ÷ 17,108 = 15.10%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Stryker Corp. operating profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Net Profit Margin

Stryker Corp., net profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net earnings 1,994 1,599 2,083 3,553 1,020
Net sales 17,108 14,351 14,884 13,601 12,444
Profitability Ratio
Net profit margin1 11.66% 11.14% 13.99% 26.12% 8.20%
Benchmarks
Net Profit Margin, Competitors2
Abbott Laboratories 16.42% 12.99% 11.56%
Cigna Group 3.11% 5.31% 3.35%
CVS Health Corp. 2.72% 2.68% 2.59%
Danaher Corp. 21.84% 16.36% 16.80%
Elevance Health Inc. 4.46% 3.78% 4.66%
Humana Inc. 3.54% 4.43% 4.20%
Intuitive Surgical Inc. 29.85% 24.33% 30.80%
Medtronic PLC 11.97% 16.56% 15.16% 10.36%
UnitedHealth Group Inc. 6.06% 6.03% 5.76%
Net Profit Margin, Sector
Health Care Equipment & Services 5.42% 5.46% 5.09%
Net Profit Margin, Industry
Health Care 10.91% 7.86% 10.19%

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
Net profit margin = 100 × Net earnings ÷ Net sales
= 100 × 1,994 ÷ 17,108 = 11.66%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Stryker Corp. net profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Return on Equity (ROE)

Stryker Corp., ROE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net earnings 1,994 1,599 2,083 3,553 1,020
Total Stryker shareholders’ equity 14,877 13,084 12,807 11,730 9,966
Profitability Ratio
ROE1 13.40% 12.22% 16.26% 30.29% 10.23%
Benchmarks
ROE, Competitors2
Abbott Laboratories 19.75% 13.71% 11.86%
Cigna Group 11.39% 16.81% 11.26%
CVS Health Corp. 10.54% 10.35% 10.39%
Danaher Corp. 14.24% 9.17% 9.94%
Elevance Health Inc. 16.93% 13.77% 15.15%
Humana Inc. 18.24% 24.53% 22.49%
Intuitive Surgical Inc. 14.32% 10.90% 16.69%
Medtronic PLC 7.01% 9.44% 9.25% 6.12%
UnitedHealth Group Inc. 24.09% 23.52% 24.02%
ROE, Sector
Health Care Equipment & Services 14.96% 14.51% 13.87%
ROE, Industry
Health Care 22.87% 16.20% 21.01%

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
ROE = 100 × Net earnings ÷ Total Stryker shareholders’ equity
= 100 × 1,994 ÷ 14,877 = 13.40%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Stryker Corp. ROE deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Return on Assets (ROA)

Stryker Corp., ROA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net earnings 1,994 1,599 2,083 3,553 1,020
Total assets 34,631 34,330 30,167 27,229 22,197
Profitability Ratio
ROA1 5.76% 4.66% 6.90% 13.05% 4.60%
Benchmarks
ROA, Competitors2
Abbott Laboratories 9.40% 6.20% 5.43%
Cigna Group 3.46% 5.44% 3.28%
CVS Health Corp. 3.39% 3.11% 2.98%
Danaher Corp. 7.73% 4.79% 4.85%
Elevance Health Inc. 6.26% 5.28% 6.21%
Humana Inc. 6.61% 9.63% 9.31%
Intuitive Surgical Inc. 12.58% 9.50% 14.17%
Medtronic PLC 3.87% 5.28% 5.16% 3.40%
UnitedHealth Group Inc. 8.15% 7.81% 7.96%
ROA, Sector
Health Care Equipment & Services 5.80% 5.54% 5.16%
ROA, Industry
Health Care 8.25% 5.52% 7.21%

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
ROA = 100 × Net earnings ÷ Total assets
= 100 × 1,994 ÷ 34,631 = 5.76%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Stryker Corp. ROA deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.