Medtronic (MDT) FCF Margin (2014 - 2026)
Medtronic (MDT) reported FCF Margin of 21.26% for Q2 2026, down 192.0% on a YoY basis from 23.11% in Q2 2025, and down 16.65% sequentially from 25.51% in Q1 2026.
Medtronic (MDT) FCF Margin (2014 - 2026) Analysis & Trends
Medtronic (MDT) has 13 years of FCF Margin data on file, last reported at 21.26% in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin fell 192.0% year-over-year to 21.26%; the trailing twelve-month figure through Apr 2026 stood at 14.92% (down 54.0% YoY), and the FY2026 full-year result was 14.92%, down 54.0% from the prior year.
- FCF Margin declined to 21.26% in Q2 2026, from 25.51% 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 15.83% and a median of 18.35% in 2023 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin sank 1119 bps in 2022 and surged 1023 bps in 2024, its largest moves.
- Tracing MDT's FCF Margin over 5 years: stood at 7.9% in 2022, then tumbled by 68 bps to 2.51% in 2023, then jumped by 163 bps to 6.59% in 2024, then declined by 23 bps to 5.1% in 2025, then soared by 317 bps to 21.26% in 2026.
- Business Quant data shows MDT's FCF Margin at 21.26% in Q2 2026, 25.51% in Q1 2026, and 5.1% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 8.20% |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 6.89% |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 21.26% |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | 3.29% |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | -1.28% |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 37.67% |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | 6.68% |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 2.18% |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Steris | 20.59 Bn | 20.16 Bn | 697.10 Mn | 15.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | 21.26% |
| 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% |