Medtronic PLC (MDT)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 4,810,000 | 5,500,000 | 5,411,000 | 5,486,000 | 5,336,000 | 5,390,000 | 5,608,000 | 5,709,000 | 5,495,000 | 5,460,000 | 5,085,000 | 4,118,000 | 3,871,000 | 2,523,000 | 2,887,000 | 3,654,000 | 4,038,000 | 5,108,000 | 4,901,000 | 4,964,000 |
| 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 |
| Pretax margin | 14.58% | 16.83% | 16.73% | 17.16% | 16.92% | 17.94% | 18.61% | 18.76% | 17.64% | 17.45% | 16.26% | 13.41% | 13.26% | 9.30% | 10.66% | 13.32% | 14.64% | 17.18% | 16.63% | 17.02% |
April 26, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,810,000K ÷ $32,983,000K
= 14.58%
Medtronic PLC's pretax margin has displayed some fluctuations over the past few years. The pretax margin was relatively stable around 16-18% from January 2020 to April 2023. However, there was a slight dip in the pretax margin to around 13% in July 2023 and January 2024 before recovering to around 17% in April 2024.
Overall, the pretax margin has shown resilience, with the company consistently maintaining a double-digit pretax margin, indicating effective cost management and operational efficiency. It is important to monitor future trends in the pretax margin to assess the company's ability to generate profits before taxes relative to its revenue.
Peer comparison
Apr 26, 2024