MDT

Medtronic
D

MDT

Arincen70/100B

If you had invested in Medtronic ago, it would be worth $1,602 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

70/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2026; the price as of today.

Medtronic key facts

Style
Dividend stock · 7.2/10Growth 3.3 · Value 6.3 · Dividend 7.2
Day range
101.450 – 103.230
52-week range
73.310 – 106.330
Market capitalization
131.81B USD
P/E
25.19
PEG ratio
1.50
EPS
4.09
Div Yield
2.79%
EPS growth forecast (FY2027)
+8.1%
Volume
44,631
Beta
0.57
ESG score
69.2/100Environment 77 · Social 66 · Governance 64
Sector
Healthcare
Industry
Medical - Devices
CEO
Geoffrey Straub Martha
Employees
95K
IPO date
2 May 1973

Medtronic earnings

Next earnings · Q2 FY2027
EPS estimate
1.33 USD
Revenue estimate
9.48B USD
Last quarter · Q1 FY2027
EPS1.45Beat +4.3%Revenue9.76BBeat +2.2%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20281.47——+1.56%9.80B——+0.45%
Q4 FY20271.78——+14.67%10.30B——+4.98%
Q3 FY20271.43——+4.81%9.52B——+5.63%
Q2 FY20271.33——-2.21%9.48B——+5.79%
Q1 FY20271.391.45+4.32%+15.08%9.55B9.76B+2.20%+13.73%
Q4 FY20261.541.55+0.65%-4.32%9.62B9.81B+1.94%+9.86%
Q3 FY20261.341.36+1.49%-2.16%8.91B9.02B+1.19%+8.74%
Q2 FY20261.311.36+3.82%+7.94%8.87B8.96B+1.06%+6.64%
Q1 FY20261.231.26+2.44%+2.44%8.38B8.58B+2.38%+7.17%
Q4 FY20251.581.62+2.53%+10.96%8.82B8.93B+1.23%+3.94%

Analysts' estimates for FY2027 over the last 7 days:EPS Revenue How the estimates moved

Medtronic analyst forecast

12-month price target
97.73 USD
-5.16%

Analysts' 1-year price targets range from 83.00 to 115.00, with an average of 97.73.

Past year
1-year forecast
Strong sellStrong buy
Buy
22 ratings
Buy
16
Hold
6
Sell
0

12-month price target

Highest target115.00
Average target97.73
Lowest target83.00
Current price103.05

Medtronic valuation

Price to earnings ratio (TTM)
25.19
Forward P/E (FY2027)
17.24
Price to sales (TTM)
3.51
Price to book
2.62
EV / EBITDA (TTM)
14.85

Capital structure

Market capitalization
131.81B USD
+
Total debt
28.15B USD
−
Cash and short-term investments
8.82B USD
=
Enterprise value
151.15B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2029 (est.)14.91————
FY2028 (est.)16.1114.91———
FY2027 (est.)17.2416.11———
Now (TTM)25.1916.593.512.6214.85
FY202622.2213.942.942.1613.54
FY202523.1815.253.232.2514.59
FY202428.7914.613.272.1115.80
FY202332.1427.633.872.3516.53
FY202227.8319.804.422.6718.29

Medtronic against its own history

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Stryker, Abbott Laboratories, Boston Scientific, Edwards Lifesciences, GE HealthCare Technologies, and DexCom, the US Medical - Devices companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median25.2
    19.641.0
  • Gross marginLowest in 5 years65.0%
    65.0%68.0%
    Against its peers: 3 of 7Peers' median 62.0%
  • Operating marginAbove its median17.8%
    15.9%18.2%
    Against its peers: 6 of 7Peers' median 19.5%
  • Net marginAt its median13.2%
    11.4%15.9%
    Against its peers: 5 of 7Peers' median 14.5%
  • Return on equityAbove its median9.7%
    7.3%9.7%
    Against its peers: 7 of 7Peers' median 13.5%
  • Free cash flow marginBelow its median14.9%
    14.7%18.9%
    Against its peers: 6 of 7Peers' median 17.6%
  • Revenue growthHighest in 5 years8.4%
    -1.4%8.4%
    Against its peers: 5 of 7Peers' median 11.4%
  • EPS growthAt its median3.3%
    -24.4%40.2%
    Against its peers: 5 of 7Peers' median 6.5%
  • Debt to EBITDAAt its median2.85×
    2.75×3.09×
    Against its peers: 7 of 7Peers' median 1.85×
  • Current ratioAbove its median2.13
    1.852.39
    Against its peers: 2 of 7Peers' median 1.75

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Medtronic growth and profitability

Revenue (TTM)
37.54B USD
Net income (TTM)
5.23B USD
Gross margin
66.69%
Operating margin
18.90%
Net margin
13.93%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202636.36B+8.43%4.80B+2.96%65.02%17.78%13.20%9.81B+6.41%
FY202533.54B+3.62%4.66B+26.82%65.32%17.76%13.90%9.22B+12.37%
FY202432.36B+3.64%3.68B-2.18%65.34%15.89%11.36%8.20B-5.68%
FY202331.23B-1.45%3.76B-25.42%65.67%17.56%12.03%8.70B-0.91%
FY202231.69B+5.21%5.04B+39.74%67.98%18.15%15.90%8.78B+16.68%

Medtronic revenue breakdown

By product

FY2026
Cardiac and Vascular Group: 38.6%Neuroscience Group: 28.4%Medical Surgical: 24.4%Diabetes Group: 8.6%38.6%Cardiac and Vascular Group28.4%Neuroscience Group24.4%Medical Surgical8.6%Diabetes Group
SegmentRevenueShare of revenueChange on the year
Cardiac and Vascular Group13.98B38.6%+12.0%
Neuroscience Group10.29B28.4%+4.5%
Medical Surgical8.82B24.4%+4.9%
Diabetes Group3.11B8.6%+13.0%

By region

FY2026
United States: 79.6%Total Other Countries, Excluding United States and Ireland: 20.2%Ireland: 0.2%79.6%United States20.2%Total Other Countries, Excluding United States and Ireland
RegionRevenueShare of revenueChange on the year
United States71.40B79.6%+315.8%
Total Other Countries, Excluding United States and Ireland18.12B20.2%+11.5%
Ireland143.00M0.2%+23.3%

How Medtronic makes its money

Cardiac and Vascular Group13.98B 38.4%
Neuroscience Group10.29B 28.3%
Medical Surgical8.82B 24.2%
Diabetes Group3.11B 8.6%
Revenue36.36B 100.0%
Cost of revenue12.72B 35.0%
Gross profit23.64B 65.0%
Research and development2.87B 7.9%
Selling and administration11.78B 32.4%
Other operating expenses2.52B 6.9%
Operating income6.47B 17.8%
Tax1.30B 3.6%
Other expense368.00M 1.0%
Net income4.80B 13.2%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Medtronic dividends

Annual dividend
2.88 USD
Dividend yield (indicated)
2.79%
Payout ratio
69.93%
Years of dividend growth
44
Frequency
Quarterly
Last payment
0.72 USD
Last ex-dividend date
25 Sept 2026
Last payment date
16 Oct 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.822.782.742.622.422.242.081.921.781.62

Medtronic financial health

Cash and short-term investments
8.82B USD
Total debt
28.15B USD
Net cash
-19.33B USD
Free cash flow (TTM)
6.13B USD
Current ratio
2.07
Debt to equity
0.56
Piotroski score
9 / 9
Altman Z-score
3.16

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20269.22B27.96B5.43B
FY20258.97B28.52B5.19B
FY20248.01B25.02B5.20B
FY20237.96B24.36B4.58B
FY202210.57B24.11B5.98B

Medtronic ownership

Institutions
86.10%
Institutional holders
2,209 (-105)
Free float
99.91%

Who owns the shares

Institutions 86.1% Others 13.9%
As of 30 Jun 2026

Shares free to trade

Free float 1.28B shares ·99.9% Closely held 1.12M shares ·0.1%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 20260265.91K60.60K
Q3 2026021.30M34.20K
Q2 202602190.01K216.85K
Q1 20260550.88K106.86K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20261.28B1.29B-0.14%
FY20251.29B1.29B-3.03%
FY20241.33B1.33B-0.20%
FY20231.33B1.33B-1.38%
FY20221.34B1.35B-0.19%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments News

Title: Medtronic plc

Sector: Healthcare
Industry: Medical - Devices
Medtronic Plc is a global medical device and healthcare company. The company’s main divisions are: Cardiovascular, Medical Surgical, Neuroscience and Diabetes. Its main customer segments include hospitals, physicians, clinicians and private patients. Medtronic Plc products include pacemakers and insertable cardiac monitors, among other items used for cardiovascular treatment. Its neuroscience range includes spinal implants, bone graft substitutes, biologic products, image-guided surgery, and more. Diabetes products include continuous glucose monitoring and smart insulin pen systems. The company's executive headquarters are in Minneapolis, Minnesota, while its legal headquarters are in Ireland.

Common questions about Medtronic stock