Last Price$94.32.5%
Market Cap$120.9B
LTM Rule of 40 (EBIT margin)
20.9%
5Y avg
18.4%
Medical - Devices industry
median
(17.4%)
Stock quality & Intrinsic value
6/10
0.2% undervalued
Medtronic plc Rule of 40 (EBIT margin)
Annual
Quarterly
LTM
Industry median
Company stand-alone
Crunching data... Almost there!
| Apr'05 | Apr'06 | Apr'07 | Apr'08 | Apr'09 | Apr'10 | Apr'11 | Apr'12 | Apr'13 | Apr'14 | Apr'15 | Apr'16 | Apr'17 | Apr'18 | Apr'19 | Apr'20 | Apr'21 | Apr'22 | Apr'23 | Apr'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rule of 40 (EBIT margin) | 35.9% | 40.3% | 37.5% | 31.2% | 27.3% | 36.0% | 26.9% | 30.6% | 30.5% | 26.5% | 37.7% | 60.7% | 21.0% | 23.0% | 22.5% | 11.2% | 19.1% | 23.4% | 16.1% | 19.5% |
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Medtronic plc (MDT) Rule of 40 (EBIT margin) comparison analysis
General
LTM Rule of 40 (EBIT margin)
OTHER METRICS
Company name
Revenue growth
EPS growth
Net Income margin
Medtronic plcMDT
20.9%
3.6%
(2.1%)
11.4%
Median Peer Set
23.7%
5.6%
126.3%
12.7%
Boston Scientific CorporationBSX
34.6%
17.6%
16.7%
11.1%
Insulet CorporationPODD
28.2%
30.0%
4,364.6%
12.2%
Edwards Lifesciences CorporationEW
28.1%
(9.4%)
202.2%
76.7%
Stryker CorporationSYK
27.0%
10.2%
(5.8%)
13.2%
DexCom, Inc.DXCM
26.2%
11.3%
(1.4%)
14.3%
Abbott LaboratoriesABT
21.1%
4.6%
134.5%
31.9%
Align Technology, Inc.ALGN
19.5%
3.4%
26.0%
11.5%
STERIS plcSTE
17.5%
3.6%
257.9%
7.4%
Koninklijke Philips N.V.PHG
2.1%
(0.8%)
118.1%
(3.9%)
Zimmer Biomet Holdings, Inc.ZBH
(6.9%)
6.5%
253.2%
13.8%
MDT key stats
USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
| Apr'05 | Apr'06 | Apr'07 | Apr'08 | Apr'09 | Apr'10 | Apr'11 | Apr'12 | Apr'13 | Apr'14 | Apr'15 | Apr'16 | Apr'17 | Apr'18 | Apr'19 | Apr'20 | Apr'21 | Apr'22 | Apr'23 | Apr'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
% growth | 10,054.6 10.6% | 11,292.0 12.3% | 12,299.0 8.9% | 13,515.0 9.9% | 14,599.0 8.0% | 15,817.0 8.3% | 15,933.0 0.7% | 16,184.0 1.6% | 16,590.0 2.5% | 17,005.0 2.5% | 20,261.0 19.1% | 28,833.0 42.3% | 29,710.0 3.0% | 29,953.0 0.8% | 30,557.0 2.0% | 28,913.0 (5.4%) | 30,117.0 4.2% | 31,686.0 5.2% | 31,227.0 (1.4%) | 32,364.0 3.6% |
| Cost of Goods Sold (COGS) | 2,446.4 | 2,815.3 | 3,168.0 | 3,446.0 | 3,518.0 | 3,812.0 | 3,912.0 | 3,889.0 | 4,126.0 | 4,333.0 | 6,309.0 | 9,142.0 | 9,291.0 | 9,055.0 | 9,155.0 | 9,424.0 | 10,483.0 | 10,145.0 | 10,719.0 | 11,216.0 |
% margin | 7,608.2 75.7% | 8,476.7 75.1% | 9,131.0 74.2% | 10,069.0 74.5% | 11,081.0 75.9% | 12,005.0 75.9% | 12,021.0 75.4% | 12,295.0 76.0% | 12,464.0 75.1% | 12,672.0 74.5% | 13,952.0 68.9% | 19,691.0 68.3% | 20,419.0 68.7% | 20,898.0 69.8% | 21,402.0 70.0% | 19,489.0 67.4% | 19,634.0 65.2% | 21,541.0 68.0% | 20,508.0 65.7% | 21,148.0 65.3% |
| Operating Expenses | 4,164.9 | 4,772.3 | 5,392.0 | 5,982.0 | 6,903.0 | 7,740.0 | 7,041.0 | 7,899.0 | 7,694.0 | 7,854.0 | 9,395.0 | 13,731.0 | 14,106.0 | 14,555.0 | 14,770.0 | 14,267.0 | 14,739.0 | 15,633.0 | 14,678.0 | 16,129.0 |
| Research & Development Expenses (R&D) | 951.3 | 1,112.9 | 1,239.0 | 1,275.0 | 1,355.0 | 1,483.0 | 1,508.0 | 1,490.0 | 1,557.0 | 1,477.0 | 1,640.0 | 2,224.0 | 2,193.0 | 2,253.0 | 2,330.0 | 2,331.0 | 2,493.0 | 2,746.0 | 2,696.0 | 2,735.0 |
| Selling, General & Administrative Expenses (SG&A) | 3,213.6 | 3,659.4 | 4,153.0 | 4,707.0 | 5,152.0 | 5,789.0 | 5,533.0 | 6,074.0 | 5,698.0 | 5,847.0 | 6,904.0 | 9,469.0 | 9,711.0 | 9,974.0 | 10,418.0 | 10,109.0 | 10,148.0 | 10,292.0 | 10,415.0 | 10,736.0 |
% margin | 2,543.5 25.3% | 3,161.3 28.0% | 3,515.0 28.6% | 2,885.0 21.3% | 2,811.0 19.3% | 4,371.0 27.6% | 4,173.0 26.2% | 4,696.0 29.0% | 4,639.0 28.0% | 4,084.0 24.0% | 3,766.0 18.6% | 5,291.0 18.4% | 5,330.0 17.9% | 6,651.0 22.2% | 6,268.0 20.5% | 4,791.0 16.6% | 4,484.0 14.9% | 5,752.0 18.2% | 5,485.0 17.6% | 5,144.0 15.9% |
| Interest Income | 0.0 | 0.0 | 0.0 | 364.0 | 188.0 | 156.0 | 172.0 | 200.0 | 237.0 | 271.0 | 386.0 | 431.0 | 366.0 | 397.0 | 1,444.0 | 300.0 | 192.0 | 367.0 | 386.0 | 0.0 |
| Interest Expense | 0.0 | 0.0 | 0.0 | 255.0 | 217.0 | 246.0 | 450.0 | 149.0 | 388.0 | 379.0 | 666.0 | 1,386.0 | 1,094.0 | 1,146.0 | 1,444.0 | 1,092.0 | 925.0 | 553.0 | 636.0 | 719.0 |
| Pre-tax Income | 2,543.5 | 3,161.3 | 3,515.0 | 2,885.0 | 2,594.0 | 3,969.0 | 3,723.0 | 4,145.0 | 4,251.0 | 3,705.0 | 3,486.0 | 4,336.0 | 4,602.0 | 5,675.0 | 5,197.0 | 4,055.0 | 3,895.0 | 5,517.0 | 5,364.0 | 4,837.0 |
% effective tax rate | 739.6 29.1% | 614.6 19.4% | 713.0 20.3% | 654.0 22.7% | 425.0 16.4% | 870.0 21.9% | 627.0 16.8% | 730.0 17.6% | 784.0 18.4% | 640.0 17.3% | 811.0 23.3% | 798.0 18.4% | 578.0 12.6% | 2,580.0 45.5% | 547.0 10.5% | (751.0) (18.5%) | 265.0 6.8% | 456.0 8.3% | 1,580.0 29.5% | 1,133.0 23.4% |
% margin | 1,803.9 17.9% | 2,546.7 22.6% | 2,802.0 22.8% | 2,231.0 16.5% | 2,169.0 14.9% | 3,099.0 19.6% | 3,096.0 19.4% | 3,617.0 22.3% | 3,467.0 20.9% | 3,065.0 18.0% | 2,675.0 13.2% | 3,538.0 12.3% | 4,028.0 13.6% | 3,104.0 10.4% | 4,631.0 15.2% | 4,789.0 16.6% | 3,606.0 12.0% | 5,039.0 15.9% | 3,758.0 12.0% | 3,676.0 11.4% |
| EPS | 1.49 | 2.11 | 2.44 | 1.97 | 1.85 | 2.80 | 2.87 | 3.43 | 3.40 | 3.06 | 2.44 | 2.51 | 2.92 | 2.29 | 3.44 | 3.57 | 2.68 | 3.75 | 2.83 | 2.77 |
| Diluted EPS | 1.48 | 2.09 | 2.41 | 1.95 | 1.84 | 2.79 | 2.86 | 3.41 | 3.37 | 3.02 | 2.41 | 2.48 | 2.89 | 2.27 | 3.41 | 3.54 | 2.66 | 3.73 | 2.82 | 2.76 |
% margin | 3,061.9 30.5% | 4,172.8 37.0% | 4,322.0 35.1% | 3,631.0 26.9% | 3,510.0 24.0% | 5,143.0 32.5% | 5,058.0 31.7% | 5,327.0 32.9% | 5,538.0 33.4% | 5,645.0 33.2% | 6,278.0 31.0% | 8,539.0 29.6% | 9,027.0 30.4% | 9,189.0 30.7% | 9,368.0 30.7% | 7,825.0 27.1% | 8,192.0 27.2% | 9,554.0 30.2% | 8,475.0 27.1% | 8,203.0 25.3% |
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FAQ
1) What is Medtronic plc's Rule of 40 (EBIT margin)?
As of today, Microsoft Corp's last 12-month Rule of 40 (EBIT margin) is 20.9%, based on the financial report for Jan 24, 2025 (Q1’2025). The average annual Rule of 40 (EBIT margin) for Medtronic plc have been 21.7% over the past three years, and 19.4% over the past five years.
2) Is Medtronic plc's Rule of 40 (EBIT margin) Good?
As of today, Medtronic plc's Rule of 40 (EBIT margin) is 20.9%, which is higher than industry median of (17.4%). It indicates that Medtronic plc's Rule of 40 (EBIT margin) is Good.