Medtronic (MDT) Asset Utilization Ratio (2015 - 2026)
Medtronic's (MDT) quarterly Asset Utilization Ratio came in at 0.4 in Q3 2026, up 7.6% year-over-year from 0.37 in Q3 2025, and up 2.23% quarter-over-quarter from 0.39 in Q2 2026.
Analysis
Medtronic (MDT) Asset Utilization Ratio (2015 - 2026) Analysis & Trends
Medtronic has disclosed Asset Utilization Ratio across 12 years of filings, most recently posting 0.4 for Q3 2026.
- In Q3 2026, Asset Utilization Ratio rose 7.6% year-over-year to 0.4; the TTM figure through Jul 2026 stood at 0.4 (up 7.6% YoY), while the FY2026 annual figure was 0.39, up 6.64% from the prior year.
- Asset Utilization Ratio came in at 0.4 for Q3 2026 at Medtronic, up from 0.39 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 0.4 in Q3 2026 to a low of 0.33 in Q1 2023.
- Average Asset Utilization Ratio over 5 years is 0.36, with a median of 0.36 recorded in 2024.
- Year-over-year, Asset Utilization Ratio increased 19.76% in 2022 and decreased 5.16% in 2023.
- Over 5 years, Asset Utilization Ratio stood at 0.34 in 2022, then climbed by 5.05% to 0.35 in 2023, then rose by 3.86% to 0.37 in 2024, then advanced by 3.88% to 0.38 in 2025, then gained by 5.68% to 0.4 in 2026.
- Per Business Quant data, the three most recent Asset Utilization Ratio figures were 0.4 in Q3 2026, 0.39 in Q2 2026, and 0.39 in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 184.79 Bn | 179.19 Bn | 7.27 Bn | 0.42 |
| 2 | Intuitive Surgical | 124.38 Bn | 119.16 Bn | 1.96 Bn | 0.54 |
| 3 | Medtronic | 118.45 Bn | 109.63 Bn | 6.34 Bn | 0.40 |
| 4 | Stryker | 105.32 Bn | 101.84 Bn | 4.50 Bn | 0.55 |
| 5 | Boston Scientific | 66.71 Bn | 66.17 Bn | 3.85 Bn | 0.47 |
| 6 | Edwards Lifesciences | 49.81 Bn | 45.56 Bn | 1.35 Bn | 0.48 |
| 7 | Alcon | 34.03 Bn | 32.58 Bn | 1.68 Bn | 0.34 |
| 8 | Dexcom | 32.35 Bn | 30.40 Bn | 830.00 Mn | 0.76 |
| 9 | Steris | 21.17 Bn | 20.68 Bn | 684.20 Mn | 0.56 |
| 10 | Zimmer Biomet Holdings | 18.27 Bn | 17.86 Bn | 1.54 Bn | 0.37 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 0.40 |
| Apr 24, 2026 | 0.39 |
| Jan 23, 2026 | 0.39 |
| Oct 24, 2025 | 0.38 |
| Jul 25, 2025 | 0.37 |
| Apr 25, 2025 | 0.37 |
| Jan 24, 2025 | 0.37 |
| Oct 25, 2024 | 0.37 |
| Jul 26, 2024 | 0.36 |
| Apr 26, 2024 | 0.36 |
| Jan 26, 2024 | 0.36 |
| Oct 27, 2023 | 0.35 |
| Jul 28, 2023 | 0.35 |
| Apr 28, 2023 | 0.34 |
| Jan 27, 2023 | 0.33 |
| Oct 28, 2022 | 0.34 |
| Jul 29, 2022 | 0.34 |
| Apr 29, 2022 | 0.35 |
| Jan 28, 2022 | 0.35 |
| Oct 29, 2021 | 0.35 |