Medtronic PLC (MDT)
Gross profit margin
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 26, 2024 | Jan 31, 2024 | Jan 26, 2024 | Oct 31, 2023 | Oct 27, 2023 | Jul 31, 2023 | Jul 28, 2023 | Apr 30, 2023 | Apr 28, 2023 | Jan 31, 2023 | Jan 27, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 20,879,000 | 18,344,000 | 18,194,000 | 15,454,000 | 15,480,000 | 14,343,000 | 14,110,000 | 13,952,000 | 14,293,000 | 15,566,000 | 15,530,000 | 15,447,000 | 14,933,000 | 13,679,000 | 13,092,000 | 12,899,000 | 12,938,000 | 12,564,000 | 13,417,000 | 14,077,000 |
| Revenue (ttm) | US$ in thousands | 33,199,000 | 34,610,000 | 34,296,000 | 34,282,000 | 33,677,000 | 31,778,000 | 31,391,000 | 31,065,000 | 31,625,000 | 33,219,000 | 33,244,000 | 33,239,000 | 32,280,000 | 30,315,000 | 29,959,000 | 29,518,000 | 30,022,000 | 30,506,000 | 30,898,000 | 31,419,000 |
| Gross profit margin | 62.89% | 53.00% | 53.05% | 45.08% | 45.97% | 45.13% | 44.95% | 44.91% | 45.20% | 46.86% | 46.72% | 46.47% | 46.26% | 45.12% | 43.70% | 43.70% | 43.10% | 41.19% | 43.42% | 44.80% |
January 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $20,879,000K ÷ $33,199,000K
= 62.89%
The gross profit margin for Medtronic PLC exhibits fluctuating trends over the specified periods. Starting at 44.80% in April 2022, it slightly decreased to 43.42% by July 2022 before experiencing a more significant decline to 41.19% in July 31, 2022. However, Medtronic managed to improve its gross profit margin steadily, reaching 46.47% by April 30, 2023, and continued this upward trend to hit 53.05% by July 31, 2024. The most notable increase was observed in January 31, 2025, with a substantial rise to 62.89%.
Overall, fluctuations in Medtronic's gross profit margin are common and can be influenced by various factors such as changes in production costs, pricing strategies, and sales volume. The increasing trend in recent periods indicates improved efficiency in managing production costs and potentially higher sales prices, contributing to healthier margins for the company. Evaluating the gross profit margin over time can provide valuable insights into Medtronic's operational performance and its ability to generate profits from its core business activities.
Peer comparison
Jan 31, 2025