Medtronic PLC (MDT)

Net profit margin

Apr 26, 2024 Apr 28, 2023 Apr 29, 2022 Apr 30, 2021 Apr 24, 2020
Net income US$ in thousands 3,676,000 3,758,000 5,039,000 3,606,000 4,789,000
Revenue US$ in thousands 32,961,000 31,528,000 31,186,000 28,884,000 27,415,000
Net profit margin 11.15% 11.92% 16.16% 12.48% 17.47%

April 26, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $3,676,000K ÷ $32,961,000K
= 11.15%

The net profit margin of Medtronic PLC has fluctuated over the past five years, ranging from 11.15% to 17.47%. The net profit margin represents the percentage of revenue that translates into profit after all expenses have been deducted. A higher net profit margin indicates better profitability and efficiency in converting sales into net income.

In 2022, the company achieved its highest net profit margin of 16.16%, suggesting strong management of costs and expenses relative to revenue. However, in 2024, the net profit margin decreased to 11.15%, indicating a lower level of profitability compared to the previous year.

Overall, while Medtronic PLC has demonstrated varying levels of profitability over the years, investors and stakeholders may want to closely monitor the company's ability to control costs and improve operational efficiency to sustain or improve its net profit margin in the future.


Peer comparison

Apr 26, 2024


See also:

Medtronic PLC Net Profit Margin