Companies / Health Care
MDT
Medtronic
Health Care Equipment
Health Care EquipmentAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health67
Growth48
Profitability65
Cash generation77
Balance sheet70
Dilution control78
Key ratios and five-year financials
Latest quarter revenue YoY (2026-07-31)13.7%Revenue growth (FY)8.4%Revenue CAGR (3y)5.2%Gross margin65.0%Operating margin17.8%Net margin13.2%Free cash flow margin14.9%R&D / revenue7.9%Stock comp / revenue1.3%Net debt / operating cash flow3.30xCurrent ratio2.13Diluted share count change-0.1%
| Fiscal year ending | FY 2022-04 | FY 2023-04 | FY 2024-04 | FY 2025-04 | FY 2026-04 |
|---|---|---|---|---|---|
| Revenue | $31.7B | $31.2B | $32.4B | $33.5B | $36.4B |
| Gross profit | $21.5B | $20.5B | $21.1B | $21.9B | $23.6B |
| Operating income | $5.8B | $5.5B | $5.1B | $6.0B | $6.5B |
| Net income | $5.0B | $3.8B | $3.7B | $4.7B | $4.8B |
| Operating cash flow | $7.3B | $6.0B | $6.8B | $7.0B | $7.3B |
| Capital expenditure | $1.4B | $1.5B | $1.6B | $1.9B | $1.9B |
| Free cash flow | $6.0B | $4.6B | $5.2B | $5.2B | $5.4B |
| R&D | $2.7B | $2.7B | $2.7B | $2.7B | $2.9B |
| Stock-based comp | $359M | $355M | $393M | $429M | $457M |
| Buybacks | $2.5B | $645M | $2.1B | $3.2B | $1.0B |
| Dividends | $3.4B | $3.6B | $3.7B | $3.6B | $3.6B |
| Cash | $3.7B | $1.5B | $1.3B | $2.2B | $1.9B |
| Total debt | $20.4B | $24.3B | $25.0B | $25.6B | $26.2B |
| Equity | $52.6B | $51.5B | $50.2B | $48.0B | $49.5B |
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