Medtronic PLC (MDT)
Net profit margin
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,676,000 | 3,676,000 | 3,758,000 | 3,758,000 | 5,039,000 |
| Revenue | US$ in thousands | 32,364,000 | 32,961,000 | 31,227,000 | 31,528,000 | 31,686,000 |
| Net profit margin | 11.36% | 11.15% | 12.03% | 11.92% | 15.90% |
April 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $3,676,000K ÷ $32,364,000K
= 11.36%
The net profit margin of Medtronic PLC has shown a slight fluctuation over the past few years. Starting with a strong figure of 15.90% as of April 30, 2022, the margin gradually decreased to 11.92% by April 28, 2023. However, there was a slight improvement to 12.03% as of April 30, 2023. The trend then saw a decline to 11.15% by April 26, 2024, followed by a modest recovery to 11.36% as of April 30, 2024. Overall, while the net profit margin has experienced some variability, it has generally remained within a reasonable range, indicating Medtronic's ability to generate profits relative to its revenue.
Peer comparison
Apr 30, 2024