Medtronic (MDT) FCF Margin (2014 - 2026)
Medtronic's (MDT) quarterly FCF Margin came in at 13.22% in Q3 2026, up 641.0% year-over-year from 1.78% in Q3 2025, and down 37.81% quarter-over-quarter from 21.26% in Q2 2026.
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Medtronic (MDT) FCF Margin (2014 - 2026) Analysis & Trends
Medtronic has disclosed FCF Margin across 13 years of filings, most recently posting 13.22% for Q3 2026.
- In Q3 2026, FCF Margin rose 641.0% year-over-year to 13.22%; the TTM figure through Jul 2026 stood at 16.33% (up 83.0% YoY), while the FY2026 annual figure was 14.92%, down 54.0% from the prior year.
- FCF Margin came in at 13.22% for Q3 2026 at Medtronic, down from 21.26% 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.
- Average FCF Margin over 5 years is 15.69%, with a median of 16.07% recorded in 2023.
- Year-over-year, FCF Margin slumped 1119 bps in 2022 and soared 1023 bps in 2024.
- Over 5 years, FCF Margin stood at 7.9% in 2022, then plunged by 68 bps to 2.51% in 2023, then surged by 163 bps to 6.59% in 2024, then fell by 23 bps to 5.1% in 2025, then soared by 159 bps to 13.22% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 13.22% in Q3 2026, 21.26% in Q2 2026, and 25.51% in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 183.04 Bn | 177.44 Bn | 7.27 Bn | 15.81% |
| 2 | Intuitive Surgical | 125.02 Bn | 119.81 Bn | 1.96 Bn | 32.79% |
| 3 | Medtronic | 117.84 Bn | 109.02 Bn | 6.34 Bn | 13.22% |
| 4 | Stryker | 105.50 Bn | 102.02 Bn | 4.50 Bn | 16.07% |
| 5 | Boston Scientific | 66.27 Bn | 65.73 Bn | 3.85 Bn | 23.50% |
| 6 | Edwards Lifesciences | 49.60 Bn | 45.35 Bn | 1.35 Bn | 33.60% |
| 7 | Alcon | 33.70 Bn | 32.24 Bn | 1.68 Bn | 21.78% |
| 8 | Dexcom | 32.06 Bn | 30.11 Bn | 830.00 Mn | 14.10% |
| 9 | Steris | 21.02 Bn | 20.54 Bn | 684.20 Mn | 18.73% |
| 10 | Zimmer Biomet Holdings | 18.20 Bn | 17.79 Bn | 1.54 Bn | 18.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 13.22% |
| 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% |