Medtronic MDT
NYSE MDT
$94.16 +1.05 (+1.13%)
At close: Sep 4, 2026 · 4:00 PM EDT

Medtronic (MDT) EV to FCF (2015 - 2026)

Medtronic's (MDT) quarterly EV to FCF came in at 16.49 in Q3 2026, down 21.39% year-over-year from 20.98 in Q3 2025, and down 8.74% quarter-over-quarter from 18.07 in Q2 2026.

Analysis

Medtronic (MDT) EV to FCF (2015 - 2026) Analysis & Trends

Medtronic has disclosed EV to FCF across 12 years of filings, most recently posting 16.49 for Q3 2026.

  • In Q3 2026, EV to FCF fell 21.39% year-over-year to 16.49; the TTM figure through Jul 2026 stood at 16.49 (down 21.39% YoY), while the FY2026 annual figure was 18.07, down 5.5% from the prior year.
  • EV to FCF came in at 16.49 for Q3 2026 at Medtronic, down from 18.07 in the prior quarter.
  • In the past five years, EV to FCF ranged from a high of 24.73 in Q2 2023 to a low of 16.49 in Q3 2026.
  • Average EV to FCF over 5 years is 20.85, with a median of 20.98 recorded in 2025.
  • Year-over-year, EV to FCF tumbled 36.56% in 2022 and gained 23.61% in 2023.
  • Over 5 years, EV to FCF stood at 21.62 in 2022, then dropped by 3.01% to 20.97 in 2023, then fell by 5.96% to 19.72 in 2024, then climbed by 9.08% to 21.51 in 2025, then dropped by 23.32% to 16.49 in 2026.
  • Per Business Quant data, the three most recent EV to FCF figures were 16.49 in Q3 2026, 18.07 in Q2 2026, and 22.42 in Q1 2026.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Abbott Laboratories 187.42 Bn 182.47 Bn 7.27 Bn
2 Intuitive Surgical 129.78 Bn 124.69 Bn 1.96 Bn
3 Medtronic 120.53 Bn 112.33 Bn 6.34 Bn
4 Stryker 116.28 Bn 112.80 Bn 4.50 Bn
5 Boston Scientific 69.29 Bn 68.99 Bn 3.85 Bn
6 Edwards Lifesciences 51.83 Bn 47.68 Bn 1.35 Bn
7 Alcon 34.36 Bn 32.91 Bn 1.68 Bn
8 Dexcom 33.17 Bn 31.23 Bn 830.00 Mn
9 Resmed 32.94 Bn 31.47 Bn 861.22 Mn
10 Steris 21.90 Bn 21.43 Bn 684.20 Mn
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 16.49
Apr 24, 2026 18.07
Jan 23, 2026 22.42
Oct 24, 2025 21.51
Jul 25, 2025 20.98
Apr 25, 2025 19.12
Jan 24, 2025 19.76
Oct 25, 2024 19.72
Jul 26, 2024 18.13
Apr 26, 2024 18.61
Jan 26, 2024 21.69
Oct 27, 2023 20.97
Jul 28, 2023 24.69
Apr 28, 2023 24.73
Jan 27, 2023 23.74
Oct 28, 2022 21.62
Jul 29, 2022 19.98
Apr 29, 2022 21.49
Jan 28, 2022 22.44
Oct 29, 2021 26.10