Medtronic (MDT) Asset Utilization Ratio (2015 - 2026)
Medtronic's Asset Utilization Ratio was 0.40 in fiscal Q1 2027 (quarter ended Jul 31, 2026), up 7.6% from 0.37 a year earlier and up 2.2% from the prior quarter.
Powered by 
Analysis
Medtronic (MDT) Asset Utilization Ratio (2015 - 2026) Analysis & Trends
For FY2026 (ended Apr 24, 2026), Asset Utilization Ratio at Medtronic came in at 0.39, up 6.6% from FY2025.
- Asset Utilization Ratio has now increased for three consecutive fiscal years.
- In earlier fiscal years, Asset Utilization Ratio was 0.37 in FY2025 (+3.2%), 0.36 in FY2024 (+4.2%), 0.34 in FY2023 (-0.3%) and 0.34 in FY2022 (+5.0%).
- The fiscal Q1 2027 figure marks the highest quarterly Asset Utilization Ratio in data going back to fiscal Q4 2015.
- Compared with a year earlier, Asset Utilization Ratio has increased for 13 straight quarters, with growth averaging 4.6% over the last eight quarters.
- The best year-over-year quarter for Asset Utilization Ratio over five years was fiscal Q3 2022 (growth of 19.8%); the worst was fiscal Q3 2023 (a decline of 5.2%).
- Per Business Quant data, MDT's Asset Utilization Ratio in the three fiscal quarters before Q1 2027 was 0.39 (Q4 2026), 0.39 (Q3 2026) and 0.38 (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 0.42 |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 0.44 |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 0.28 |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 0.58 |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 0.40 |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 0.55 |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 0.46 |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 0.48 |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 0.77 |
| 10 | Agilent Technologies | 50.15 Bn | 43.04 Bn | 1.04 Bn | 0.55 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 0.40 |
| Oct 24, 2025 | 0.37 |
| Oct 25, 2024 | 0.36 |
| Oct 27, 2023 | 0.34 |
| Oct 28, 2022 | 0.34 |
| Oct 29, 2021 | 0.33 |
| Oct 30, 2020 | 0.29 |
| Jul 31, 2020 | 0.30 |
| Oct 25, 2019 | 0.34 |
| Jul 26, 2019 | 0.34 |
| Oct 26, 2018 | 0.34 |
| Jul 27, 2018 | 0.33 |
| Oct 27, 2017 | 0.30 |
| Oct 28, 2016 | 0.30 |
| Jul 29, 2016 | 0.29 |
| Oct 30, 2015 | 0.37 |
| Jul 31, 2015 | 0.34 |
API Access
Medtronic Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "MDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();