Gross Margin % is calculated as gross profit divided by its revenue. Stryker's Gross Profit for the
three
months ended in Jun. 2023 was $3,181 Mil. Stryker's Revenue for the
three
months ended in Jun. 2023 was $4,996 Mil. Therefore, Stryker's Gross Margin % for the quarter that ended in Jun. 2023 was 63.67%.
The historical rank and industry rank for Stryker's Gross Margin % or its related term are showing as below:
SYK'
s Gross Margin % Range Over the Past 10 Years
Min: 62.76 Med: 65.71 Max: 66.72
Current: 62.79
During the past 13 years, the highestGross Margin % of Stryker was 66.72%. The lowest was 62.76%. And the median was 65.71%.
SYK's Gross Margin % is ranked better than 65.74% of 823
companies
in the Medical Devices & Instruments industry
Industry Median: 51.79
vs SYK: 62.79
Stryker had a gross margin of 63.67% for the quarter that ended in Jun. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Stryker was -1.00% per year.
Stryker Gross Margin % Historical Data
The historical data trend for Stryker's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Stryker Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Gross Margin %
65.72
65.14
63.11
64.11
62.76
Stryker Quarterly Data
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Gross Margin %
62.90
62.11
62.21
63.12
63.67
Competitive Comparison
For the Medical Devices subindustry, Stryker's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Stryker Gross Margin % Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Stryker's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Stryker's Gross Margin % falls in comparison to its industry or sector. The grey bar indicates the Gross Margin %'s extreme value range as defined by GuruFocus.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Stryker (NYSE:SYK) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Stryker had a gross margin of 63.67% for the quarter that ended in Jun. 2023 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Stryker Gross Margin % Related Terms
Thank you for viewing the detailed overview of Stryker's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. The product portfolio includes hip and knee replacements, endoscopy systems, operating room equipment, embolic coils, hospital beds and gurneys, and spinal devices. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. Just over one fourth of Stryker's total revenue currently comes from outside the United States.
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