Medtronic (MDT) FCF Margin (2014 - 2026)
Medtronic (MDT) posted FCF Margin of 21.26% for Q2 2026, down 16.65% sequentially from 25.51% in Q1 2026, and down 192.0% YoY from 23.11% in Q2 2025.
Medtronic (MDT) FCF Margin (2014 - 2026) Analysis & Trends
Medtronic has reported FCF Margin for 13 years, with the latest figure at 21.26% in Q2 2026.
- Quarterly FCF Margin fell 192.0% year-over-year to 21.26% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 14.92% (down 54.0% YoY) and the FY2026 annual result came in at 14.92%, down 54.0% from the prior year.
- FCF Margin declined to 21.26% in Q2 2026 per MDT's latest filing, from 25.51% in the prior quarter.
- Over five years, FCF Margin peaked at 27.37% in Q2 2024 and troughed at 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.
- The sharpest annual moves came in 2022 and 2024: FCF Margin tumbled 1119 bps in 2022, then jumped 1023 bps in 2024.
- Over 5 years, FCF Margin stood at 7.9% in 2022, then slumped by 68 bps to 2.51% in 2023, then jumped by 163 bps to 6.59% in 2024, then decreased by 23 bps to 5.1% in 2025, then soared by 317 bps to 21.26% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 21.26%, 25.51%, and 5.1% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.61 Bn | 194.01 Bn | 7.27 Bn | 15.81% |
| 2 | Stryker | 127.81 Bn | 124.34 Bn | 4.50 Bn | 16.07% |
| 3 | Medtronic | 119.04 Bn | 109.82 Bn | 6.41 Bn | 21.26% |
| 4 | Boston Scientific | 73.68 Bn | 73.14 Bn | 3.85 Bn | 23.50% |
| 5 | Edwards Lifesciences | 51.96 Bn | 47.71 Bn | 1.35 Bn | 33.60% |
| 6 | Dexcom | 34.36 Bn | 32.41 Bn | 830.00 Mn | 14.10% |
| 7 | GE HealthCare Technologies | 33.83 Bn | 31.72 Bn | 2.18 Bn | 1.28% |
| 8 | Koninklijke Philips | 26.36 Bn | 23.04 Bn | 4.55 Bn | 5.32% |
| 9 | Steris | 23.06 Bn | 22.58 Bn | 684.20 Mn | 18.73% |
| 10 | Zimmer Biomet Holdings | 19.25 Bn | 18.84 Bn | 1.54 Bn | 18.08% |
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% |