Medtronic PLC (MDT)
Operating profit margin
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,144,000 | 5,485,000 | 5,752,000 | 4,484,000 | 4,791,000 |
| Revenue | US$ in thousands | 32,961,000 | 31,528,000 | 31,186,000 | 28,884,000 | 27,415,000 |
| Operating profit margin | 15.61% | 17.40% | 18.44% | 15.52% | 17.48% |
April 26, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $5,144,000K ÷ $32,961,000K
= 15.61%
The operating profit margin of Medtronic PLC has shown fluctuations over the past five years. In the most recent fiscal year ending on April 26, 2024, the operating profit margin stood at 15.61%, which is a decrease compared to the previous year's margin of 17.40%. The lowest operating profit margin in the period was recorded on April 30, 2021, at 15.52%, while the highest was on April 29, 2022, at 18.44%. Overall, the trend indicates some variability in the company's ability to generate profits from its core operations, with potential factors such as changes in costs, pricing strategies, or revenue streams impacting the margins year to year.
Peer comparison
Apr 26, 2024