Net Profit Margin
since 2005
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- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Price to Book Value (P/BV) since 2005
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Calculation
Medtronic PLC, net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income attributable to Medtronic1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Apr 25, 2025 | = | 100 | × | ÷ | |||
| Apr 26, 2024 | = | 100 | × | ÷ | |||
| Apr 28, 2023 | = | 100 | × | ÷ | |||
| Apr 29, 2022 | = | 100 | × | ÷ | |||
| Apr 30, 2021 | = | 100 | × | ÷ | |||
| Apr 24, 2020 | = | 100 | × | ÷ | |||
| Apr 26, 2019 | = | 100 | × | ÷ | |||
| Apr 27, 2018 | = | 100 | × | ÷ | |||
| Apr 28, 2017 | = | 100 | × | ÷ | |||
| Apr 29, 2016 | = | 100 | × | ÷ | |||
| Apr 24, 2015 | = | 100 | × | ÷ | |||
| Apr 25, 2014 | = | 100 | × | ÷ | |||
| Apr 26, 2013 | = | 100 | × | ÷ | |||
| Apr 27, 2012 | = | 100 | × | ÷ | |||
| Apr 29, 2011 | = | 100 | × | ÷ | |||
| Apr 30, 2010 | = | 100 | × | ÷ | |||
| Apr 24, 2009 | = | 100 | × | ÷ | |||
| Apr 25, 2008 | = | 100 | × | ÷ | |||
| Apr 27, 2007 | = | 100 | × | ÷ | |||
| Apr 28, 2006 | = | 100 | × | ÷ | |||
| Apr 29, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).
1 US$ in millions
- Net Income Trend
- Over the period analyzed, net income attributable to Medtronic exhibited fluctuations with an overall upward trajectory. Starting at 1,804 million US dollars in 2005, net income increased notably to reach peaks above 4,000 million in several years, specifically in 2013, 2015, and 2019. The highest reported net income was approximately 4,662 million US dollars in 2025. Despite some intermittent declines, particularly noticeable in 2008, 2014, 2017, and 2022, the general direction points to growth in profitability.
- Net Sales Pattern
- Net sales displayed consistent growth over the examined years. Beginning at 10,055 million US dollars in 2005, there was a steady rise reaching over 33,000 million US dollars by 2025. Key periods of accelerated sales growth were observed between 2010 and 2013 and then from 2014 onwards, with a peak noted in 2025 at 33,537 million US dollars. These increases indicate strengthening revenue generation capacity.
- Net Profit Margin Observations
- The net profit margin percentage showed considerable variation throughout the timeframe. It started relatively high at approximately 18% in 2005, peaking above 22% in 2006 and 2007, before experiencing a downward adjustment around 2009 and 2010. Thereafter, margins fluctuated mostly between 10% and 16%, with some years—such as 2014, 2015, and 2018—reporting margins closer to the lower end of this range. The margin ended at 13.9% in 2025, indicating a moderate profitability ratio relative to sales.
- Insight Summary
- The company demonstrated strong revenue growth throughout the years, although net income experienced more variability. The profit margin trend suggests challenges in consistently maintaining high profitability percentages despite increasing sales volumes. This pattern may indicate either rising costs, increased competition, or strategic investments affecting net margins. Overall, the data portrays a company expanding its sales base, achieving higher absolute profits over time but facing periodic margin pressures.
Comparison to Competitors
Medtronic PLC, net profit margin, long-term trends, comparison to competitors
| Medtronic PLC | Abbott Laboratories | CVS Health Corp. | Elevance Health Inc. | Intuitive Surgical Inc. | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Apr 25, 2025 | ||||||
| Apr 26, 2024 | ||||||
| Apr 28, 2023 | ||||||
| Apr 29, 2022 | ||||||
| Apr 30, 2021 | ||||||
| Apr 24, 2020 | ||||||
| Apr 26, 2019 | ||||||
| Apr 27, 2018 | ||||||
| Apr 28, 2017 | ||||||
| Apr 29, 2016 | ||||||
| Apr 24, 2015 | ||||||
| Apr 25, 2014 | ||||||
| Apr 26, 2013 | ||||||
| Apr 27, 2012 | ||||||
| Apr 29, 2011 | ||||||
| Apr 30, 2010 | ||||||
| Apr 24, 2009 | ||||||
| Apr 25, 2008 | ||||||
| Apr 27, 2007 | ||||||
| Apr 28, 2006 | ||||||
| Apr 29, 2005 |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).
Comparison to Sector (Health Care Equipment & Services)
Medtronic PLC, net profit margin, long-term trends, comparison to sector (health care equipment & services)
| Medtronic PLC | Health Care Equipment & Services | |
|---|---|---|
| Apr 25, 2025 | ||
| Apr 26, 2024 | ||
| Apr 28, 2023 | ||
| Apr 29, 2022 | ||
| Apr 30, 2021 | ||
| Apr 24, 2020 | ||
| Apr 26, 2019 | ||
| Apr 27, 2018 | ||
| Apr 28, 2017 | ||
| Apr 29, 2016 | ||
| Apr 24, 2015 | ||
| Apr 25, 2014 | ||
| Apr 26, 2013 | ||
| Apr 27, 2012 | ||
| Apr 29, 2011 | ||
| Apr 30, 2010 | ||
| Apr 24, 2009 | ||
| Apr 25, 2008 | ||
| Apr 27, 2007 | ||
| Apr 28, 2006 | ||
| Apr 29, 2005 |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).
Comparison to Industry (Health Care)
Medtronic PLC, net profit margin, long-term trends, comparison to industry (health care)
| Medtronic PLC | Health Care | |
|---|---|---|
| Apr 25, 2025 | ||
| Apr 26, 2024 | ||
| Apr 28, 2023 | ||
| Apr 29, 2022 | ||
| Apr 30, 2021 | ||
| Apr 24, 2020 | ||
| Apr 26, 2019 | ||
| Apr 27, 2018 | ||
| Apr 28, 2017 | ||
| Apr 29, 2016 | ||
| Apr 24, 2015 | ||
| Apr 25, 2014 | ||
| Apr 26, 2013 | ||
| Apr 27, 2012 | ||
| Apr 29, 2011 | ||
| Apr 30, 2010 | ||
| Apr 24, 2009 | ||
| Apr 25, 2008 | ||
| Apr 27, 2007 | ||
| Apr 28, 2006 | ||
| Apr 29, 2005 |
Based on: 10-K (reporting date: 2025-04-25), 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26), 10-K (reporting date: 2018-04-27), 10-K (reporting date: 2017-04-28), 10-K (reporting date: 2016-04-29), 10-K (reporting date: 2015-04-24), 10-K (reporting date: 2014-04-25), 10-K (reporting date: 2013-04-26), 10-K (reporting date: 2012-04-27), 10-K (reporting date: 2011-04-29), 10-K (reporting date: 2010-04-30), 10-K (reporting date: 2009-04-24), 10-K (reporting date: 2008-04-25), 10-K (reporting date: 2007-04-27), 10-K (reporting date: 2006-04-28), 10-K (reporting date: 2005-04-29).