Medtronic PLC (MDT)

Net profit margin

		Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	Apr 24, 2020	Jan 24, 2020	Oct 25, 2019	Jul 26, 2019
Net income (ttm)	US$ in thousands	3,676,000	4,201,000	4,101,000	3,619,000	3,757,000	4,063,000	4,321,000	5,205,000	5,039,000	4,914,000	4,704,000	3,882,000	3,606,000	2,892,000	3,537,000	4,412,000	4,789,000	5,315,000	4,669,000	4,420,000
Revenue (ttm)	US$ in thousands	32,983,000	32,678,000	32,347,000	31,976,000	31,530,000	30,049,000	30,129,000	30,435,000	31,156,000	31,285,000	31,267,000	30,705,000	29,191,000	27,143,000	27,072,000	27,436,000	27,578,000	29,726,000	29,468,000	29,167,000
Net profit margin		11.15%	12.86%	12.68%	11.32%	11.92%	13.52%	14.34%	17.10%	16.17%	15.71%	15.04%	12.64%	12.35%	10.65%	13.07%	16.08%	17.37%	17.88%	15.84%	15.15%

April 26, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $3,676,000K ÷ $32,983,000K
= 11.15%

The net profit margin of Medtronic PLC has shown some fluctuations over the past several quarters, ranging from a low of 10.65% to a high of 17.88%. In general, the net profit margin has been relatively healthy, consistently staying above 10%.

There was a notable decrease in the net profit margin in the first quarter of 2021, dropping to 10.65%, but this was followed by a gradual recovery and improvement in subsequent quarters. The company achieved its highest net profit margin of 17.88% in the first quarter of 2020.

Overall, Medtronic PLC has managed to maintain competitive profitability levels, with the majority of its net profit margins ranging between 11% and 17%. This suggests that the company has been effectively managing its costs and generating sufficient revenue to generate profits.