Medinotec (MDNC) Tax Rate (2022 - 2026)
Medinotec (MDNC) posted Tax Rate of 39.08% for Q1 2026, up 650.32% on a QoQ basis from 5.21% in Q4 2025, and up 8118.0% year-over-year from 0.48% in Q1 2025.
Medinotec (MDNC) Tax Rate (2022 - 2026) Analysis & Trends
Medinotec's Tax Rate history runs 5 years deep, the most recent figure standing at 39.08% for Q1 2026.
- Quarterly Tax Rate rose 8118.0% year-over-year to 39.08% in Q1 2026, while the trailing twelve-month figure through Feb 2026 was 6.72% (up 2334.0% YoY) and the FY2026 annual result came in at 25.69%, up 290.0% from the prior year.
- Tax Rate was 39.08% for Q1 2026 at Medinotec, up from 5.21% in the prior quarter.
- Across five years, Tax Rate topped out at 230.87% in Q4 2022 and bottomed at 2109.41% in Q3 2024.
- A 5-year average of 151.04% and a median of 25.4% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2024 — Tax Rate plunged 207066 bps — and 2025, when it soared 207329 bps.
- Medinotec's Tax Rate stood at 230.87% in 2022, then sank by 106 bps to 14.68% in 2023, then jumped by 311 bps to 30.94% in 2024, then plunged by 83 bps to 5.21% in 2025, then soared by 650 bps to 39.08% in 2026.
- Business Quant data shows MDNC's Tax Rate at 39.08% in Q1 2026, 5.21% in Q4 2025, and 36.13% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 25.67% |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 12.35% |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 31.35% |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | -15.15% |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | 17.06% |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 25.97% |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | -23.16% |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 18.61% |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Medinotec | 58.78 Mn | 58.19 Mn | 1.31 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 39.08% |
| Feb 28, 2026 | 39.08% |
| Feb 28, 2026 | 39.08% |
| Nov 30, 2025 | 5.21% |
| Nov 30, 2025 | 5.21% |
| Nov 30, 2025 | 5.21% |
| Aug 31, 2025 | -36.13% |
| Aug 31, 2025 | -36.13% |
| Aug 31, 2025 | -36.13% |
| May 31, 2025 | -100.03% |
| May 31, 2025 | -100.03% |
| May 31, 2025 | -100.03% |
| Feb 28, 2025 | -42.10% |
| Feb 28, 2025 | -42.10% |
| Feb 28, 2025 | -42.10% |
| Nov 30, 2024 | 30.94% |
| Nov 30, 2024 | 30.94% |
| Nov 30, 2024 | 30.94% |
| Aug 31, 2024 | -2,109.41% |
| Aug 31, 2024 | -2,109.41% |