Stock Analysis on Net
Stock Analysis on Net

Stryker Corp. (NYSE:SYK)

Analysis of Profitability Ratios
Quarterly Data

Beginner level


Profitability Ratios (Summary)

Stryker Corp., profitability ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Return on Sales
Gross profit margin 63.34% 65.15% 65.14% 64.95% 65.29% 65.47% 65.72% 65.69% 65.55% 65.58% 65.68% 66.12% 66.16% 65.87% 66.18% 66.42% 66.67% 67.01% 66.38%
Operating profit margin 15.54% 18.86% 18.23% 16.96% 17.00% 17.83% 18.65% 19.22% 19.16% 18.28% 18.40% 18.46% 18.42% 18.68% 19.13% 19.78% 19.53% 19.62% 18.71%
Net profit margin 11.38% 14.47% 13.99% 23.55% 24.99% 25.38% 26.12% 9.31% 8.28% 8.00% 8.20% 14.67% 14.22% 14.33% 14.54% 15.24% 15.33% 16.07% 14.47%
Return on Investment
Return on equity (ROE) 12.55% 16.50% 16.26% 27.82% 29.72% 30.12% 30.29% 12.54% 11.42% 11.06% 10.23% 17.06% 16.94% 17.41% 17.25% 17.78% 17.64% 18.36% 16.91%
Return on assets (ROA) 5.09% 7.35% 6.90% 12.85% 13.47% 13.58% 13.05% 5.60% 5.01% 4.60% 4.60% 8.28% 7.98% 8.23% 8.06% 8.22% 7.82% 8.22% 8.86%

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-30).

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.’s gross profit margin ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Stryker Corp.’s operating profit margin ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Stryker Corp.’s net profit margin ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Stryker Corp.’s ROE improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.
ROA A profitability ratio calculated as net income divided by total assets. Stryker Corp.’s ROA improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Gross Profit Margin

Stryker Corp., gross profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Gross profit 1,548  2,331  2,703  2,330  2,380  2,283  2,456  2,155  2,190  2,137  2,239  1,982  1,990  1,962  2,086  1,873  1,842  1,694  1,820  1,624  1,605  1,553 
Net sales 2,764  3,588  4,131  3,587  3,650  3,516  3,796  3,242  3,322  3,241  3,471  3,006  3,012  2,955  3,157  2,833  2,840  2,495  2,715  2,420  2,432  2,379 
Profitability Ratio
Gross profit margin1 63.34% 65.15% 65.14% 64.95% 65.29% 65.47% 65.72% 65.69% 65.55% 65.58% 65.68% 66.12% 66.16% 65.87% 66.18% 66.42% 66.67% 67.01% 66.38%
Benchmarks
Gross Profit Margin, Competitors2
Becton, Dickinson & Co. 46.24% 47.78% 47.94% 47.42% 47.28% 45.04% 45.44% 45.60% 46.00% 49.30% 49.14% 48.86% 48.57% 48.59% 47.99% 47.66% 44.92% 45.09% 45.66% 46.34% 50.87% 50.83%
Boston Scientific Corp. 68.26% 70.41% 70.98% 71.20% 71.33% 71.12% 71.37% 71.48% 71.35% 71.78% 71.34% 71.27% 71.38% 70.86% 71.09% 70.88% 70.78% 70.99% 70.94%
Danaher Corp. 55.28% 55.85% 55.74% 55.61% 55.53% 55.71% 55.83% 56.03% 56.18% 55.80% 55.61% 55.27% 55.09% 55.36% 55.29% 54.16% 53.47% 52.86% 52.34%
Intuitive Surgical Inc. 67.07% 69.04% 69.45% 69.45% 69.47% 69.60% 69.92% 70.07% 70.22% 70.31% 70.12% 69.75% 69.97% 70.08% 69.89% 69.42% 68.38% 67.28% 66.18%
Medtronic PLC 69.22% 69.62% 70.04% 70.33% 70.40% 70.25% 69.77% 69.40% 69.05% 68.67% 68.73% 68.60% 68.66% 68.85% 68.29% 66.00% 66.48% 67.07% 68.86%
Thermo Fisher Scientific Inc. 45.39% 44.30% 44.35% 44.48% 44.51% 44.60% 44.57% 44.36% 44.55% 44.68% 45.15% 45.67% 45.88% 45.90% 45.80% 45.62% 45.60% 45.51% 45.72%
UnitedHealth Group Inc. 25.95% 23.52% 23.19% 22.92% 22.89% 23.15% 23.33% 23.36% 23.33% 23.28% 22.98% 23.09% 23.12% 22.99% 23.13% 22.35% 22.20% 22.73% 23.22%

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-30).

1 Q2 2020 Calculation
Gross profit margin = 100 × (Gross profitQ2 2020 + Gross profitQ1 2020 + Gross profitQ4 2019 + Gross profitQ3 2019) ÷ (Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019)
= 100 × (1,548 + 2,331 + 2,703 + 2,330) ÷ (2,764 + 3,588 + 4,131 + 3,587) = 63.34%

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.’s gross profit margin ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Operating Profit Margin

Stryker Corp., operating profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Operating income (loss) (20) 635  944  628  613  528  698  576  672  591  712  523  501  554  661  486  500  519  648  378  429  406 
Net sales 2,764  3,588  4,131  3,587  3,650  3,516  3,796  3,242  3,322  3,241  3,471  3,006  3,012  2,955  3,157  2,833  2,840  2,495  2,715  2,420  2,432  2,379 
Profitability Ratio
Operating profit margin1 15.54% 18.86% 18.23% 16.96% 17.00% 17.83% 18.65% 19.22% 19.16% 18.28% 18.40% 18.46% 18.42% 18.68% 19.13% 19.78% 19.53% 19.62% 18.71%
Benchmarks
Operating Profit Margin, Competitors2
Becton, Dickinson & Co. 9.23% 7.91% 10.18% 12.98% 12.37% 12.63% 9.37% 9.29% 4.69% 7.32% 12.22% 9.29% 15.17% 15.21% 11.46% 13.23% 10.22% 9.60% 10.45% 12.53% 17.60% 18.59%
Boston Scientific Corp. 6.58% 10.41% 14.14% 15.66% 16.19% 16.50% 15.33% 15.57% 15.74% 14.33% 14.20% 12.53% 12.36% 6.04% 5.33% 0.44% -7.68% -0.76% -4.37%
Danaher Corp. 17.37% 18.01% 18.25% 17.46% 17.61% 17.41% 17.11% 17.27% 17.23% 16.69% 16.48% 15.73% 15.69% 16.09% 16.29% 16.51% 16.27% 16.81% 16.87%
Intuitive Surgical Inc. 25.86% 30.52% 30.69% 30.82% 31.10% 30.51% 32.21% 33.46% 33.56% 34.52% 33.71% 33.14% 33.79% 34.40% 34.95% 35.32% 33.99% 32.23% 31.04%
Medtronic PLC 20.47% 21.25% 20.51% 20.48% 20.22% 21.70% 22.20% 21.35% 20.47% 18.55% 17.94% 17.72% 18.65% 18.54% 18.35% 14.56% 15.72% 16.37% 18.59%
Thermo Fisher Scientific Inc. 17.05% 17.86% 17.99% 17.88% 18.00% 15.90% 15.53% 15.03% 14.36% 14.23% 14.19% 13.94% 13.89% 13.62% 13.40% 13.28% 13.68% 13.65% 13.77%
UnitedHealth Group Inc. 9.89% 8.12% 8.19% 8.02% 7.97% 7.88% 7.71% 7.70% 7.68% 7.67% 7.60% 7.37% 7.26% 7.11% 7.03% 6.78% 6.64% 6.87% 7.05%

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-30).

1 Q2 2020 Calculation
Operating profit margin = 100 × (Operating income (loss)Q2 2020 + Operating income (loss)Q1 2020 + Operating income (loss)Q4 2019 + Operating income (loss)Q3 2019) ÷ (Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019)
= 100 × (-20 + 635 + 944 + 628) ÷ (2,764 + 3,588 + 4,131 + 3,587) = 15.54%

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.’s operating profit margin ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Net Profit Margin

Stryker Corp., net profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Net earnings (loss) (83) 493  725  466  480  412  2,068  590  452  443  (249) 434  391  444  510  355  380  402  522  301  392  224 
Net sales 2,764  3,588  4,131  3,587  3,650  3,516  3,796  3,242  3,322  3,241  3,471  3,006  3,012  2,955  3,157  2,833  2,840  2,495  2,715  2,420  2,432  2,379 
Profitability Ratio
Net profit margin1 11.38% 14.47% 13.99% 23.55% 24.99% 25.38% 26.12% 9.31% 8.28% 8.00% 8.20% 14.67% 14.22% 14.33% 14.54% 15.24% 15.33% 16.07% 14.47%
Benchmarks
Net Profit Margin, Competitors2
Becton, Dickinson & Co. 6.17% 5.25% 7.13% 5.47% 6.33% 6.13% 1.95% 5.23% 0.34% 3.28% 9.10% 6.52% 10.67% 10.54% 7.82% 9.24% 6.62% 6.13% 6.76% 8.65% 12.75% 13.56%
Boston Scientific Corp. 39.24% 39.75% 43.78% 10.49% 13.85% 18.08% 17.01% 6.93% 5.48% 1.21% 1.15% 9.55% 9.04% 5.07% 4.14% 0.99% -4.34% -0.47% -3.20%
Danaher Corp. 18.35% 18.13% 16.80% 13.01% 13.11% 12.45% 13.33% 14.07% 13.84% 13.56% 13.60% 13.36% 12.63% 13.41% 15.13% 13.72% 18.39% 17.92% 16.33%
Intuitive Surgical Inc. 26.07% 30.11% 30.80% 30.94% 29.95% 29.78% 30.29% 22.31% 23.20% 23.25% 21.09% 30.16% 28.44% 27.99% 27.21% 27.51% 26.80% 25.67% 24.69%
Medtronic PLC 15.11% 14.41% 15.16% 16.10% 7.44% 10.56% 10.36% 9.44% 16.93% 13.75% 13.56% 13.51% 14.62% 12.70% 12.27% 8.52% 8.92% 11.28% 13.20%
Thermo Fisher Scientific Inc. 14.12% 14.31% 14.47% 14.24% 14.24% 12.89% 12.06% 10.75% 10.36% 10.24% 10.64% 11.74% 11.80% 11.58% 11.06% 11.10% 11.35% 11.49% 11.64%
UnitedHealth Group Inc. 6.94% 5.63% 5.76% 5.61% 5.55% 5.49% 5.33% 5.75% 5.58% 5.43% 5.28% 4.41% 4.23% 4.03% 3.81% 3.64% 3.52% 3.64% 3.72%

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-30).

1 Q2 2020 Calculation
Net profit margin = 100 × (Net earnings (loss)Q2 2020 + Net earnings (loss)Q1 2020 + Net earnings (loss)Q4 2019 + Net earnings (loss)Q3 2019) ÷ (Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019)
= 100 × (-83 + 493 + 725 + 466) ÷ (2,764 + 3,588 + 4,131 + 3,587) = 11.38%

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.’s net profit margin ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Return on Equity (ROE)

Stryker Corp., ROE calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Net earnings (loss) (83) 493  725  466  480  412  2,068  590  452  443  (249) 434  391  444  510  355  380  402  522  301  392  224 
Total Stryker shareholders’ equity 12,754  13,115  12,807  12,315  11,943  11,693  11,730  9,860  9,460  9,214  9,966  10,425  10,035  9,704  9,550  9,332  9,098  8,808  8,511  8,484  8,505  8,321 
Profitability Ratio
ROE1 12.55% 16.50% 16.26% 27.82% 29.72% 30.12% 30.29% 12.54% 11.42% 11.06% 10.23% 17.06% 16.94% 17.41% 17.25% 17.78% 17.64% 18.36% 16.91%
Benchmarks
ROE, Competitors2
Becton, Dickinson & Co. 5.13% 4.30% 5.85% 4.35% 5.06% 4.89% 1.48% 3.61% 0.22% 1.89% 8.50% 6.30% 16.51% 17.26% 12.79% 14.17% 10.57% 9.53% 9.70% 11.24% 15.07% 22.69%
Boston Scientific Corp. 25.53% 31.06% 33.87% 11.24% 14.81% 19.46% 19.15% 8.08% 6.73% 1.59% 1.48% 11.11% 10.89% 6.17% 5.15% 1.25% -5.55% -0.56% -3.78%
Danaher Corp. 9.56% 10.53% 9.94% 7.63% 7.69% 7.66% 9.40% 9.98% 9.81% 9.39% 9.45% 9.39% 8.95% 9.68% 11.10% 10.76% 14.00% 14.47% 14.17%
Intuitive Surgical Inc. 13.00% 16.30% 16.69% 16.93% 16.65% 16.33% 16.89% 12.68% 13.68% 13.97% 13.97% 18.21% 18.05% 18.88% 12.74% 13.03% 13.09% 13.22% 13.63%
Medtronic PLC 9.23% 8.78% 9.25% 9.87% 4.56% 6.30% 6.12% 5.59% 9.75% 8.12% 8.01% 8.03% 8.45% 7.18% 6.80% 4.79% 4.43% 4.97% 5.03%
Thermo Fisher Scientific Inc. 12.41% 12.85% 12.45% 12.24% 12.33% 11.46% 10.65% 9.55% 9.05% 8.62% 8.76% 9.42% 10.12% 9.96% 9.39% 9.21% 9.39% 9.52% 9.25%
UnitedHealth Group Inc. 26.87% 24.14% 24.02% 24.25% 24.46% 24.39% 23.19% 25.12% 24.56% 23.60% 22.10% 19.04% 18.79% 18.08% 18.33% 17.40% 16.98% 17.09% 17.18%

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-30).

1 Q2 2020 Calculation
ROE = 100 × (Net earnings (loss)Q2 2020 + Net earnings (loss)Q1 2020 + Net earnings (loss)Q4 2019 + Net earnings (loss)Q3 2019) ÷ Total Stryker shareholders’ equity
= 100 × (-83 + 493 + 725 + 466) ÷ 12,754 = 12.55%

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.’s ROE improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Return on Assets (ROA)

Stryker Corp., ROA calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Net earnings (loss) (83) 493  725  466  480  412  2,068  590  452  443  (249) 434  391  444  510  355  380  402  522  301  392  224 
Total assets 31,483  29,440  30,167  26,659  26,354  25,937  27,229  22,084  21,570  22,133  22,197  21,485  21,292  20,517  20,435  20,187  20,520  19,668  16,247  15,917  16,819  16,580 
Profitability Ratio
ROA1 5.09% 7.35% 6.90% 12.85% 13.47% 13.58% 13.05% 5.60% 5.01% 4.60% 4.60% 8.28% 7.98% 8.23% 8.06% 8.22% 7.82% 8.22% 8.86%
Benchmarks
ROA, Competitors2
Becton, Dickinson & Co. 2.01% 1.76% 2.38% 1.79% 2.05% 1.98% 0.58% 1.43% 0.08% 0.73% 2.92% 2.13% 5.45% 5.38% 3.81% 4.37% 3.09% 2.64% 2.59% 3.01% 3.81% 6.22%
Boston Scientific Corp. 12.93% 14.24% 15.38% 4.07% 5.74% 7.55% 7.96% 3.29% 2.66% 0.58% 0.55% 4.52% 4.29% 2.42% 1.92% 0.46% -1.93% -0.20% -1.32%
Danaher Corp. 4.86% 4.74% 4.85% 4.03% 4.64% 4.67% 5.54% 5.79% 5.55% 5.41% 5.34% 5.20% 4.82% 5.09% 5.64% 6.04% 6.81% 7.33% 6.96%
Intuitive Surgical Inc. 11.24% 14.02% 14.17% 14.39% 14.18% 13.93% 14.37% 10.88% 11.70% 11.95% 11.46% 15.99% 15.55% 16.21% 11.34% 11.69% 11.73% 11.84% 12.00%
Medtronic PLC 5.13% 4.84% 5.16% 5.54% 2.56% 3.53% 3.40% 2.93% 5.31% 4.10% 4.04% 4.07% 4.31% 3.70% 3.55% 2.37% 2.21% 2.51% 2.51%
Thermo Fisher Scientific Inc. 6.02% 6.25% 6.33% 6.33% 6.11% 5.71% 5.22% 4.66% 4.32% 3.98% 3.93% 4.16% 4.87% 4.70% 4.40% 4.16% 4.73% 4.64% 4.83%
UnitedHealth Group Inc. 8.88% 7.27% 7.96% 7.68% 7.77% 7.83% 7.87% 8.32% 7.67% 7.21% 7.59% 6.14% 5.87% 5.53% 5.71% 5.30% 5.17% 5.10% 5.22%

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-30).

1 Q2 2020 Calculation
ROA = 100 × (Net earnings (loss)Q2 2020 + Net earnings (loss)Q1 2020 + Net earnings (loss)Q4 2019 + Net earnings (loss)Q3 2019) ÷ Total assets
= 100 × (-83 + 493 + 725 + 466) ÷ 31,483 = 5.09%

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.’s ROA improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.