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Medtronic Plc  (NYSE: MDT)
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Medtronic Plc's Gross Profit Margin by quarter

Trends, Rankings, Statistics



MDT Gross Profit Margin (Oct 25 2024)
Q2
(Jul 26 2024)
Q1
(Apr 26 2024)
Q4
(Jan 26 2024)
Q3
(Oct 27 2023)
Q2
Y / Y Revenue Change 5.25 % 2.77 % 0.53 % 4.68 % 5.26 %
Seq. Revenue Change 6.17 % -7.85 % 6.18 % 1.32 % 3.66 %
Revenue In Millions $8,403.00 $7,915.00 $8,589.00 $8,089.00 $7,984.00
Gross Profit Margin 64.94 % 65.12 % 64.55 % 65.61 % 65.42 %
Gross Profit Margin Total Ranking # 1664 # 1820 # 1866 # 1916 # 1894
Gross Profit In Millions $5,457.00 $5,154.00 $5,544.00 $5,307.00 $5,223.00
Y / Y Gross Profit Change 4.48 % 1.58 % -0.38 % 5.34 % 3.43 %
Seq. Gross Profit Change 5.88 % -7.03 % 4.47 % 1.61 % 2.94 %


Commenting Second Quarter 2024 Gross Profit Margin
Medtronic Plc has managed to improve its Revenue sequentially to $8,403.00 millions by 6.17 % faster than Gross Profit increase of 5.88 % to $5,457.00 millions, this led to contraction in Gross Profit Margin to 64.94 %, below company average.


Observing second quarter 2024 results within Medical Equipment & Supplies industry 64 other companies have achieved higher Gross Profit Margin. While Gross Profit Margin total ranking has impoved so far to 1664, from total ranking in the previous quarter at 1820.
Learn about Gross Margin
MDT's Gross Profit Margin second quarter 2024 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 65
Healthcare Sector # 351
Overall # 1663

Gross Profit Margin Statistics
High Average Low
76.93 % 71.12 % 38.84 %
(July 26. 2008)   (Apr 29 2016)




Other Gross Profit Margin Profitability Ratios
MDT's Cumulative Gross Profit Margin
Medical Equipment & Supplies Industry Gross Profit Margin Trends and Statistics
Healthcare Sector Gross Profit Margin Statistics
Gross Profit Margin Profitability Trends for overall market
MDT's Gross Profit Margin Profitability versus Medical Equipment & Supplies Industry, Healthcare Sector and total Market
Highest Ranking Gross Profit Margin
Lowest Ranking Gross Profit Margin
Gross Profit Margin Profit Margin for MDT's Competitors
Gross Profit Margin Profit Margin for Medtronic Plc's Suppliers
Gross Profit Margin Profit Margin for MDT's Customers

You may also want to know
MDT's Annual Growth Rates MDT's Profitability Ratios MDT's Asset Turnover Ratio MDT's Dividend Growth
MDT's Roe MDT's Valuation Ratios MDT's Financial Strength Ratios MDT's Gross Profit Growth
MDT's Roa MDT's Inventory Turnover Ratio MDT's Growth Rates MDT's Dividend Comparisons


Companies with similar Gross Profit Margin in the quarter ending Oct 25 2024, within Medical Equipment & Supplies Industry Gross Profit MarginOct 25 2024 MRQ Gross ProfitOct 25 2024 MRQ Revenue
Docgo Inc   100.00 %$ 138.685  Millions$ 138.685  Millions
Imaging Diagnostic Systems Inc  100.00 %$ 0.011  Millions$ 0.011  Millions
Lifestance Health Group Inc   100.00 %$ 312.722  Millions$ 312.722  Millions
Lyra Therapeutics Inc   100.00 %$ 0.195  Millions$ 0.195  Millions
P3 Health Partners Inc   100.00 %$ 362.124  Millions$ 362.124  Millions
Plus Therapeutics Inc   100.00 %$ 1.456  Millions$ 1.456  Millions
Zimvie Inc   100.00 %$ 103.222  Millions$ 103.222  Millions
Orchestra Biomed Holdings Inc   93.11 %$ 0.919  Millions$ 0.987  Millions
Semler Scientific inc   91.44 %$ 12.356  Millions$ 13.512  Millions
Venus Concept Inc   90.84 %$ 9.921  Millions$ 10.921  Millions
Delcath Systems Inc   90.53 %$ 9.560  Millions$ 10.560  Millions
Catheter Precision Inc   89.58 %$ 0.086  Millions$ 0.096  Millions
Ceribell Inc   88.24 %$ 15.011  Millions$ 17.011  Millions
Inari Medical Inc   87.54 %$ 133.544  Millions$ 152.544  Millions
Trisalus Life Sciences Inc   86.39 %$ 6.345  Millions$ 7.345  Millions
Icad Inc  86.18 %$ 3.634  Millions$ 4.217  Millions
Sight Sciences Inc   84.93 %$ 16.907  Millions$ 19.907  Millions
Cvrx inc   84.76 %$ 11.125  Millions$ 13.125  Millions
Electrocore Inc   84.59 %$ 5.489  Millions$ 6.489  Millions
Inspire Medical Systems inc   84.22 %$ 170.793  Millions$ 202.793  Millions
Avita Medical Inc   83.68 %$ 16.356  Millions$ 19.546  Millions
Mimedx Group Inc   82.09 %$ 68.735  Millions$ 83.735  Millions
Fonar Corporation  81.39 %$ 20.314  Millions$ 24.960  Millions
Edwards Lifesciences Corporation  80.64 %$ 1,091.500  Millions$ 1,353.500  Millions
Treace Medical Concepts Inc   80.14 %$ 36.132  Millions$ 45.086  Millions
Si bone inc   79.95 %$ 31.903  Millions$ 39.903  Millions
Electromed Inc   78.34 %$ 11.491  Millions$ 14.668  Millions
Neuronetics Inc   77.78 %$ 14.001  Millions$ 18.001  Millions
Myomo Inc   77.64 %$ 6.946  Millions$ 8.946  Millions
Axonics Inc   77.52 %$ 89.651  Millions$ 115.651  Millions




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