Medtronic Past Earnings Performance
Past criteria checks 2/6
Medtronic has been growing earnings at an average annual rate of 3.8%, while the Medical Equipment industry saw earnings growing at 12.3% annually. Revenues have been growing at an average rate of 0.8% per year. Medtronic's return on equity is 7.3%, and it has net margins of 12%.
Key information
3.8%
Earnings growth rate
4.0%
EPS growth rate
| Medical Equipment Industry Growth | 36.3% |
| Revenue growth rate | 0.8% |
| Return on equity | 7.3% |
| Net Margin | 12.0% |
| Next Earnings Update | 22 Aug 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Medtronic makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 28 Apr 23 | 31,227 | 3,758 | 10,103 | 2,696 |
| 27 Jan 23 | 30,771 | 4,064 | 10,034 | 2,707 |
| 28 Oct 22 | 30,806 | 4,321 | 9,975 | 2,688 |
| 29 Jul 22 | 31,070 | 5,205 | 10,019 | 2,688 |
| 29 Apr 22 | 31,686 | 5,039 | 9,987 | 2,746 |
| 28 Jan 22 | 31,785 | 4,914 | 10,015 | 2,726 |
| 29 Oct 21 | 31,798 | 4,704 | 9,957 | 2,659 |
| 30 Jul 21 | 31,597 | 3,882 | 9,997 | 2,622 |
| 30 Apr 21 | 30,117 | 3,606 | 9,956 | 2,493 |
| 29 Jan 21 | 27,926 | 2,892 | 9,543 | 2,429 |
| 30 Oct 20 | 27,868 | 3,537 | 9,661 | 2,401 |
| 31 Jul 20 | 27,927 | 4,412 | 9,644 | 2,365 |
| 24 Apr 20 | 28,913 | 4,789 | 9,882 | 2,331 |
| 24 Jan 20 | 31,062 | 5,408 | 11,857 | 2,357 |
| 25 Oct 19 | 30,891 | 4,762 | 11,889 | 2,345 |
| 26 Jul 19 | 30,666 | 4,420 | 10,105 | 2,332 |
| 26 Apr 19 | 30,557 | 4,631 | 10,273 | 2,330 |
| 25 Jan 19 | 30,555 | 4,826 | 11,912 | 2,328 |
| 26 Oct 18 | 30,378 | 2,168 | 11,844 | 2,326 |
| 27 Jul 18 | 29,947 | 3,163 | 9,963 | 2,292 |
| 27 Apr 18 | 29,953 | 3,104 | 10,077 | 2,256 |
| 26 Jan 18 | 29,725 | 2,859 | 11,993 | 2,217 |
| 27 Oct 17 | 29,639 | 5,069 | 11,878 | 2,188 |
| 28 Jul 17 | 29,934 | 4,115 | 9,813 | 2,186 |
| 28 Apr 17 | 29,710 | 4,028 | 9,715 | 2,193 |
| 27 Jan 17 | 29,361 | 3,968 | 9,592 | 2,215 |
| 28 Oct 16 | 29,012 | 4,242 | 9,521 | 2,231 |
| 29 Jul 16 | 28,725 | 3,647 | 9,448 | 2,222 |
| 29 Apr 16 | 28,833 | 3,538 | 9,469 | 2,224 |
| 29 Jan 16 | 28,435 | 2,434 | 9,513 | 2,177 |
| 30 Oct 15 | 25,819 | 2,316 | 8,683 | 2,004 |
| 31 Jul 15 | 23,127 | 2,624 | 7,847 | 1,833 |
| 24 Apr 15 | 20,261 | 2,675 | 6,904 | 1,640 |
| 23 Jan 15 | 17,410 | 3,124 | 6,039 | 1,497 |
| 24 Oct 14 | 17,255 | 2,909 | 6,006 | 1,484 |
| 25 Jul 14 | 17,083 | 2,983 | 5,937 | 1,482 |
| 25 Apr 14 | 16,893 | 3,065 | 5,847 | 1,477 |
| 24 Jan 14 | 16,879 | 3,586 | 5,783 | 1,501 |
| 25 Oct 13 | 16,743 | 3,812 | 5,730 | 1,517 |
| 26 Jul 13 | 16,644 | 3,556 | 5,709 | 1,532 |
| 26 Apr 13 | 16,569 | 3,467 | 5,698 | 1,557 |
| 25 Jan 13 | 16,427 | 3,386 | 5,685 | 1,541 |
| 26 Oct 12 | 16,318 | 3,242 | 5,655 | 1,529 |
| 27 Jul 12 | 16,246 | 3,460 | 5,648 | 1,513 |
Quality Earnings: MDTD has high quality earnings.
Growing Profit Margin: MDTD's current net profit margins (12%) are lower than last year (15.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MDTD's earnings have grown by 3.8% per year over the past 5 years.
Accelerating Growth: MDTD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MDTD had negative earnings growth (-25.4%) over the past year, making it difficult to compare to the Medical Equipment industry average (-3%).
Return on Equity
High ROE: MDTD's Return on Equity (7.3%) is considered low.