Medtronic PLC (MDT)
Pretax margin
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 26, 2024 | Jan 31, 2024 | Jan 26, 2024 | Oct 31, 2023 | Oct 27, 2023 | Jul 31, 2023 | Jul 28, 2023 | Apr 30, 2023 | Apr 28, 2023 | Jan 31, 2023 | Jan 27, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 5,628,000 | 5,223,000 | 4,534,000 | 4,447,000 | 4,636,000 | 5,093,000 | 5,553,000 | 5,277,000 | 5,011,000 | 5,249,000 | 5,479,000 | 5,658,000 | 5,835,000 | 5,679,000 | 5,524,000 | 5,193,000 | 4,866,000 | 5,073,000 | 5,282,000 | 5,827,000 |
| Revenue (ttm) | US$ in thousands | 33,537,000 | 33,199,000 | 34,610,000 | 34,296,000 | 34,282,000 | 33,677,000 | 31,778,000 | 31,391,000 | 31,065,000 | 31,626,000 | 33,220,000 | 33,245,000 | 33,240,000 | 32,280,000 | 30,315,000 | 29,959,000 | 29,518,000 | 30,022,000 | 30,506,000 | 30,898,000 |
| Pretax margin | 16.78% | 15.73% | 13.10% | 12.97% | 13.52% | 15.12% | 17.47% | 16.81% | 16.13% | 16.60% | 16.49% | 17.02% | 17.55% | 17.59% | 18.22% | 17.33% | 16.48% | 16.90% | 17.31% | 18.86% |
April 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $5,628,000K ÷ $33,537,000K
= 16.78%
The pretax margin of Medtronic PLC has shown some fluctuations over the past few quarters. It ranged from a high of 18.86% in July 2022 to a low of 12.97% in July 2024. The company experienced a downward trend in its pretax margin between July 2023 and April 2024, dropping from 17.02% to 13.52%. However, there was a slight recovery in the following quarters, with the pretax margin improving to 16.78% by April 2025.
Overall, the pretax margin indicates the company's ability to generate profits before accounting for taxes relative to its revenue. While there have been fluctuations in the pretax margin, it is essential for Medtronic PLC to closely monitor and manage its operating expenses, sales growth, and tax efficiency to maintain and improve profitability over time.
Peer comparison
Apr 30, 2025