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
DateValue
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