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Medtronic Plc  (MDT)
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Medtronic Plc's Operating Profit Margin by quarter

Trends, Rankings, Statistics



MDT Operating Profit Margin (Jan 26 2024)
III. Quarter
(Oct 27 2023)
II. Quarter
(Jul 28 2023)
I. Quarter
(Apr 28 2023)
IV. Quarter
(Jan 27 2023)
III. Quarter
Y / Y Revenue Change 4.68 % 5.26 % 4.49 % 5.62 % -0.46 %
Seq. Revenue Change 1.32 % 3.66 % -9.85 % 10.57 % 1.87 %
Revenue In Millions $8,089.00 $7,984.00 $7,702.00 $8,544.00 $7,727.00
Operating Profit Margin 18.33 % 16.78 % 16.46 % 18.31 % 18.01 %
Operating Profit Margin Total Ranking # 820 # 1233 # 1289 # 1120 # 1426
Operating Income In Millions $1,483.00 $1,340.00 $1,268.00 $1,564.00 $1,392.00
Y / Y Operating Income Change 6.54 % -4.56 % 12.71 % -6.4 % -16.09 %
Seq. Operating Income Change 10.67 % 5.68 % -18.93 % 12.36 % -0.85 %


Commenting Third Quarter 2023 Operating Profit Margin
Medtronic Plc Operating Income grew by 10.67 % in III. Quarter sequentially to 1,483 millions, while Revenue increased by 1.32 %, this led to improvement in the company's Operating Profit Margin to 18.33 %, Operating Profit Margin remained below Medtronic Plc average.

Observing third quarter 2023 results within Medical Equipment & Supplies industry 14 other companies have achieved higher Operating Profit Margin. While Operating Profit Margin total ranking has impoved so far to 820, from total ranking in previous quarter at 1233.
Explain Operating Margin
MDT's Operating Profit Margin third quarter 2023 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 15
Healthcare Sector # 52
Overall # 819

Operating Profit Margin Statistics
High Average Low
33.78 % 22.7 % 5.27 %
(April 26. 2006)   (Apr 24 2020)




Other Operating Profit Margin Profitability Ratios
MDT's Cumulative Operating Profit Margin
Medical Equipment & Supplies Industry Operating Profit Margin Trends and Statistics
Healthcare Sector Operating Profit Margin Statistics
Operating Profit Margin Profitability Trends for overall market
MDT's Operating Profit Margin Profitability versus Medical Equipment & Supplies Industry, Healthcare Sector and total Market
Highest Ranking Operating Profit Margin
Lowest Ranking Operating Profit Margin
Operating Profit Margin Profit Margin for MDT's Competitors
Operating Profit Margin Profit Margin for Medtronic Plc's Suppliers
Operating 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 Operating Income Growth
MDT's Roa MDT's Inventory Turnover Ratio MDT's Growth Rates MDT's Dividend Comparisons


Companies with similar Operating Profit Margin in the quarter ending Jan 26 2024, within Medical Equipment & Supplies Industry Operating Profit MarginJan 26 2024 MRQ Operating IncomeJan 26 2024 MRQ Revenue
Inmode Ltd   39.76 %$ 195.660 $ 492.048 
Mimedx Group Inc   30.92 %$ 26.893 $ 86.988 
Edwards Lifesciences Corporation  26.09 %$ 400.100 $ 1,533.700 
Resmed Inc   23.84 %$ 275.094 $ 1,153.934 
Intuitive Surgical Inc   23.35 %$ 450.200 $ 1,928.200 
West Pharmaceutical Services Inc   22.00 %$ 160.900 $ 731.500 
Stryker Corp  21.62 %$ 1,257.000 $ 5,815.000 
Shockwave Medical Inc   21.26 %$ 43.282 $ 203.597 
Dexcom Inc   20.96 %$ 216.900 $ 1,034.800 
Insulet Corporation  20.87 %$ 106.400 $ 509.800 
Lemaitre Vascular Inc   20.80 %$ 10.206 $ 49.073 
Msa Safety Incorporated  20.57 %$ 102.250 $ 497.183 
Fonar Corporation  19.24 %$ 4.885 $ 25.386 
Medtronic Plc  18.33 %$ 1,483.000 $ 8,089.000 
Align Technology inc   17.92 %$ 171.545 $ 957.031 
Semler Scientific Inc   16.74 %$ 2.521 $ 15.057 
Electromed Inc   16.53 %$ 2.263 $ 13.689 
Embecta Corp   16.43 %$ 45.500 $ 276.900 
Boston Scientific Corporation  15.68 %$ 584.000 $ 3,725.000 
3m Company  15.51 %$ 1,243.000 $ 8,013.000 
Steris Plc  15.49 %$ 216.156 $ 1,395.645 
Conmed Corporation  15.35 %$ 50.186 $ 327.046 
Tactile Systems Technology Inc   15.20 %$ 11.800 $ 77.629 
Haemonetics Corporation  13.69 %$ 45.978 $ 335.867 
Medinotec Inc   12.88 %$ 0.258 $ 2.003 
Ufp Technologies Inc   12.60 %$ 12.736 $ 101.077 
Penumbra Inc   12.30 %$ 35.029 $ 284.679 
Alcon inc   10.99 %$ 1,039.000 $ 9,455.000 
Teleflex Incorporated  10.66 %$ 82.468 $ 773.865 
Integer Holdings Corporation  10.54 %$ 43.513 $ 412.904 




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