Medinotec (MDNC) Tax Rate (2022 - 2026)
Medinotec's (MDNC) quarterly Tax Rate came in at 70.86% in Q1 2026, down 415.0% on a YoY basis from 22.49% in Q1 2025, and down 2945.37% quarter-over-quarter from 2.49% in Q4 2025.
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Medinotec (MDNC) Tax Rate (2022 - 2026) Analysis & Trends
Medinotec (MDNC) has reported Tax Rate for 5 consecutive years, with 70.86% the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 415.0% year-over-year to 70.86%; the trailing twelve-month figure through Feb 2026 stood at 12.92% (up 4256.0% YoY), and the FY2026 full-year result was 37.29%, down 870.0% from the prior year.
- Tax Rate fell to 70.86% in Q1 2026 per MDNC's latest filing, from 2.49% in the prior quarter.
- Across five years, Tax Rate topped out at 230.87% in Q4 2022 and bottomed at 114.12% in Q1 2024.
- Historically, Tax Rate has averaged 1.85% across 5 years, with a median of 6.09% in 2023.
- The sharpest annual moves came in 2023 and 2024: Tax Rate tumbled 24555 bps in 2023, then jumped 6609 bps in 2024.
- Over 5 years, 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 slumped by 92 bps to 2.49% in 2025, then plunged by 2945 bps to 70.86% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 70.86%, 2.49%, and 36.13% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 183.04 Bn | 177.44 Bn | 7.27 Bn | 39.11% |
| 2 | Intuitive Surgical | 125.02 Bn | 119.81 Bn | 1.96 Bn | 21.94% |
| 3 | Medtronic | 117.84 Bn | 109.02 Bn | 6.34 Bn | 16.34% |
| 4 | Stryker | 105.50 Bn | 102.02 Bn | 4.50 Bn | 18.41% |
| 5 | Boston Scientific | 66.27 Bn | 65.73 Bn | 3.85 Bn | 14.62% |
| 6 | Edwards Lifesciences | 49.60 Bn | 45.35 Bn | 1.35 Bn | 53.56% |
| 7 | Alcon | 33.70 Bn | 32.24 Bn | 1.68 Bn | -100.00% |
| 8 | Dexcom | 32.06 Bn | 30.11 Bn | 830.00 Mn | 21.54% |
| 9 | Steris | 21.02 Bn | 20.54 Bn | 684.20 Mn | 26.51% |
| 10 | Medinotec | 58.78 Mn | 58.19 Mn | 1.31 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Feb 28, 2026 | -70.86% |
| Nov 30, 2025 | 2.49% |
| Aug 31, 2025 | 36.13% |
| May 31, 2025 | -100.03% |
| Feb 28, 2025 | -66.70% |
| Nov 30, 2024 | 30.94% |
| Aug 31, 2024 | 27.33% |
| May 31, 2024 | 59.28% |
| Feb 29, 2024 | -114.12% |
| Nov 30, 2023 | -14.68% |
| Aug 31, 2023 | -38.76% |
| May 31, 2023 | 9.69% |
| Nov 30, 2022 | 230.87% |
| Feb 28, 2022 | 34.39% |