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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |