Medtronic PLC (MDT)
Pretax margin
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 5,628,000 | 4,837,000 | 4,809,000 | 5,364,000 | 5,338,000 |
| Revenue | US$ in thousands | 33,537,000 | 32,364,000 | 32,961,000 | 31,227,000 | 31,528,000 |
| Pretax margin | 16.78% | 14.95% | 14.59% | 17.18% | 16.93% |
April 30, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $5,628,000K ÷ $33,537,000K
= 16.78%
Based on the data provided for Medtronic PLC's pretax margin over the past five years, we observe fluctuations in this key financial metric. The pretax margin, which indicates the company's efficiency in generating profits before taxes relative to its revenue, shows a decrease from 16.93% in April 2023 to 14.59% in April 2024. However, there was a slight improvement to 17.18% in April 2023.
The following year saw a marginal increase to 14.95% in April 2024, from the previous year. Notably, Medtronic PLC's pretax margin rebounded significantly in April 2025, reaching 16.78%. This upward trend indicates an enhancement in the company's ability to generate profits prior to considering tax expenses, potentially attributed to cost management strategies or revenue growth.
It would be essential to further investigate the factors underlying these fluctuations to assess the sustainability and effectiveness of Medtronic PLC's financial performance in terms of pretax profitability.
Peer comparison
Apr 30, 2025