Medtronic (MDT) FCF Margin (2014 - 2026)
Medtronic recorded quarterly FCF Margin of 25.51% in Q1 2026, up 400.16% quarter-over-quarter from 5.1% in Q4 2025, and up 23.0% year-over-year from 20.74% in Q1 2025.
Medtronic's FCF Margin history runs 13 years deep, the most recent figure standing at 25.51% for Q1 2026.
- In Q1 2026, FCF Margin rose 23.0% year-over-year to 25.51%; the TTM figure through Jan 2026 stood at 15.25% (down 122.0% YoY), while the FY2025 annual figure was 15.46%, down 61.0% from the prior year.
- FCF Margin came in at 25.51% for Q1 2026 at Medtronic, up from 5.1% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 27.37% in Q2 2024 to a low of 2.51% in Q4 2023.
- A 5-year average of 15.51% and a median of 16.07% in 2023 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin slumped 1119 bps in 2022 and soared 1023 bps in 2024, its largest moves.
- Medtronic's FCF Margin stood at 7.9% in 2022, then sank by 68 bps to 2.51% in 2023, then soared by 163 bps to 6.59% in 2024, then retreated by 23 bps to 5.1% in 2025, then jumped by 400 bps to 25.51% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 25.51%, 5.1%, and 6.81% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 8.20% |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 6.89% |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 25.51% |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 3.29% |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | -1.28% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 6.68% |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 37.67% |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 3.98% |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 15.44% |
| 10 | Zimmer Biomet Holdings | 16.17 Bn | 15.75 Bn | 1.51 Bn | 15.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 23, 2026 | 25.51% |
| Oct 24, 2025 | 5.10% |
| Jul 25, 2025 | 6.81% |
| Apr 25, 2025 | 23.18% |
| Jan 24, 2025 | 25.28% |
| Oct 25, 2024 | 6.59% |
| Jul 26, 2024 | 5.89% |
| Apr 26, 2024 | 27.37% |
| Jan 26, 2024 | 26.31% |
| Oct 27, 2023 | 2.51% |
| Jul 28, 2023 | 6.76% |
| Apr 28, 2023 | 24.37% |
| Jan 27, 2023 | 16.07% |
| Oct 28, 2022 | 7.90% |
| Jul 29, 2022 | 8.91% |
| Apr 29, 2022 | 20.62% |
| Jan 28, 2022 | 24.45% |
| Oct 29, 2021 | 19.09% |
| Jul 30, 2021 | 11.44% |
| Apr 30, 2021 | 16.71% |
| Jan 29, 2021 | 25.63% |
| Oct 30, 2020 | 20.66% |
| Jul 31, 2020 | -0.86% |
| Apr 24, 2020 | 18.57% |
| Jan 24, 2020 | 27.39% |
| Oct 25, 2019 | 20.56% |
| Jul 26, 2019 | 16.14% |
| Apr 26, 2019 | 21.51% |
| Jan 25, 2019 | 23.23% |
| Oct 26, 2018 | 12.79% |
| Jul 27, 2018 | 19.11% |
| Apr 27, 2018 | 9.16% |
| Jan 26, 2018 | 23.75% |
| Oct 27, 2017 | 9.38% |
| Jul 28, 2017 | 6.21% |
| Apr 28, 2017 | 18.23% |
| Jan 27, 2017 | 24.15% |
| Oct 28, 2016 | 16.39% |
| Jul 29, 2016 | 17.02% |
| Apr 29, 2016 | 12.86% |
| Jan 29, 2016 | 22.35% |
| Oct 30, 2015 | 14.98% |
| Jul 31, 2015 | 8.14% |
| Apr 24, 2015 | 22.69% |
| Jan 23, 2015 | 38.47% |
| Oct 24, 2014 | 18.60% |
| Jul 25, 2014 | 4.70% |