Medtronic (MDT) Capital Expenditures (2014 - 2026)
Medtronic's (MDT) quarterly Capital Expenditures came in at $444.0 million in Q1 2026, down 6.72% year-on-year from $476.0 million in Q1 2025, and down 5.13% quarter-over-quarter from $468.0 million in Q4 2025.
Medtronic (MDT) Capital Expenditures (2014 - 2026) Analysis & Trends
Medtronic has disclosed Capital Expenditures across 13 years of filings, most recently posting $444.0 million for Q1 2026.
- Capital Expenditures for Q1 2026 came in at $444.0 million, down 6.72% year-over-year; the trailing twelve-month figure through Jan 2026 was $1.9 billion (up 2.68% YoY), and the FY2025 annual result was $1.9 billion, up 17.14% from the prior year.
- Capital Expenditures came in at $444.0 million for Q1 2026 at Medtronic, down from $468.0 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $520.0 million in Q3 2024 to a low of $323.0 million in Q4 2022.
- The 5-year median for Capital Expenditures is $426.0 million (2022), against an average of $414.1 million.
- Across the five-year window, Capital Expenditures dropped 16.9% in 2023 and surged 46.89% in 2024, its largest moves.
- Medtronic's Capital Expenditures stood at $323.0 million in 2022, then jumped by 42.72% to $461.0 million in 2023, then declined by 12.36% to $404.0 million in 2024, then gained by 15.84% to $468.0 million in 2025, then decreased by 5.13% to $444.0 million in 2026.
- The last three Capital Expenditures figures came in at $444.0 million (Q1 2026), $468.0 million (Q4 2025), and $504.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 399.00 Mn |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 166.00 Mn |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 444.00 Mn |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 177.00 Mn |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 64.90 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -85.46 Mn |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 76.60 Mn |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 86.00 Mn |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 90.20 Mn |
| 10 | Zimmer Biomet Holdings | 17.18 Bn | 16.77 Bn | 1.51 Bn | 36.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 23, 2026 | 444.00 Mn |
| Jan 23, 2026 | 444.00 Mn |
| Oct 24, 2025 | 468.00 Mn |
| Oct 24, 2025 | 468.00 Mn |
| Jul 25, 2025 | 504.00 Mn |
| Jul 25, 2025 | 504.00 Mn |
| Apr 25, 2025 | 459.00 Mn |
| Apr 25, 2025 | 459.00 Mn |
| Jan 24, 2025 | 476.00 Mn |
| Jan 24, 2025 | 476.00 Mn |
| Oct 25, 2024 | 404.00 Mn |
| Oct 25, 2024 | 404.00 Mn |
| Jul 26, 2024 | 520.00 Mn |
| Jul 26, 2024 | 520.00 Mn |
| Apr 26, 2024 | 426.00 Mn |
| Apr 26, 2024 | 426.00 Mn |
| Jan 26, 2024 | 346.00 Mn |
| Jan 26, 2024 | 346.00 Mn |
| Oct 27, 2023 | 461.00 Mn |
| Oct 27, 2023 | 461.00 Mn |