Discontinued — last reported Q3 '24
Orthopaedics and Spine — Segment operating income
Stryker Orthopaedics and Spine — Segment operating income decreased by 4.9% to $643.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 28.9%, from $499.00M to $643.00M. Over 2 years (FY 2021 to FY 2023), Orthopaedics and Spine — Segment operating income shows an upward trend with a 4.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved pricing power, better manufacturing efficiencies, or higher sales volume in the orthopaedic and spine markets, while a decrease may indicate pricing pressure, rising raw material costs, or increased investment in product innovation.
Detailed definition
This metric represents the operating profit generated specifically by the Orthopaedics and Spine business segment, calcu...
Peer comparison
Comparable to segment-level operating income reported by major medical device competitors in the orthopaedic and spine space, often evaluated alongside segment operating margins to normalize for size differences.
syk_segment_orthopaedics_and_spine_segment_operating_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $563.00M | $500.00M | $662.00M | $522.00M | $607.00M | $519.00M | $648.00M | $601.00M | $601.00M | $499.00M | $698.00M | $605.00M | $676.00M | $643.00M |
| QoQ Change | — | -11.2% | +32.4% | -21.1% | +16.3% | -14.5% | +24.9% | -7.3% | +0.0% | -17.0% | +39.9% | -13.3% | +11.7% | -4.9% |
| YoY Change | — | — | — | — | +7.8% | +3.8% | -2.1% | +15.1% | -1.0% | -3.9% | +7.7% | +0.7% | +12.5% | +28.9% |
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Frequently Asked Questions
- What is Stryker's orthopaedics and spine — segment operating income?
- Stryker (SYK) reported orthopaedics and spine — segment operating income of $643.00M in Q3 2024.
- How has Stryker's orthopaedics and spine — segment operating income changed year-over-year?
- Stryker's orthopaedics and spine — segment operating income increased by 28.9% year-over-year, from $499.00M to $643.00M.
- What is the long-term trend for Stryker's orthopaedics and spine — segment operating income?
- Over 2 years (2021 to 2023), Stryker's orthopaedics and spine — segment operating income has grown at a 4.9% compound annual growth rate (CAGR), from $2.18B to $2.40B.
- What does orthopaedics and spine — segment operating income mean?
- The total operating profit earned by the company's orthopaedic and spinal medical device business unit.