Medtronic PLC (MDT)
Pretax margin
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,809,000 | 5,338,000 | 5,495,000 | 3,871,000 | 4,038,000 |
| Revenue | US$ in thousands | 32,961,000 | 31,528,000 | 31,186,000 | 28,884,000 | 27,415,000 |
| Pretax margin | 14.59% | 16.93% | 17.62% | 13.40% | 14.73% |
April 26, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $4,809,000K ÷ $32,961,000K
= 14.59%
The pretax margin of Medtronic PLC has fluctuated over the past five years, ranging from 13.40% to 17.62%. In the most recent fiscal year ending April 26, 2024, the company's pretax margin was 14.59%, which represents a slight decrease from the previous year's margin of 16.93%. This downward trend is also evident when compared to the two years before 2023 when the pretax margin was 17.62% and 13.40% respectively. Despite these fluctuations, Medtronic PLC has generally maintained a pretax margin above 13%, indicating a consistent ability to generate profits before accounting for taxes. Further analysis of the company's cost structure, revenue generation, and operational efficiency may provide insights into the factors influencing its pretax margin performance.
Peer comparison
Apr 26, 2024