Medtronic (MDT) FCF Margin (2014 - 2026)
Medtronic's FCF Margin came in at 13.22% for fiscal Q1 2027 (quarter ended Jul 31, 2026), up 6.41 percentage points from 6.81% a year earlier but down 8.04 percentage points from the prior quarter.
Medtronic (MDT) FCF Margin (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Medtronic reported FCF Margin of 16.33%, up 0.83 percentage points year-over-year; for FY2026 (ended Apr 24, 2026), it came in at 14.92%, down 0.54 percentage points from FY2025.
- FCF Margin carries a five-year change of -1.30 percentage points (FY2021 to FY2026).
- Going back by fiscal year, FCF Margin was 15.46% in FY2025 (-0.61 pp), 16.07% in FY2024 (+1.40 pp), 14.67% in FY2023 (-4.20 pp) and 18.87% in FY2022 (+2.65 pp).
- The five-year range for quarterly FCF Margin is 2.51% (fiscal Q2 2024) to 27.37% (fiscal Q4 2024).
- Year-over-year, FCF Margin increased in four of the last eight quarters, with an average year-over-year change of +0.38 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in fiscal Q3 2024 (a gain of 10.23 percentage points), and the weakest in fiscal Q2 2023 (a drop of 11.19 percentage points).
- Business Quant data shows MDT's FCF Margin at 21.26% (Q4 2026), 25.51% (Q3 2026) and 5.10% (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 13.97% |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 15.81% |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 20.19% |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 32.79% |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 13.22% |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 16.07% |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 23.50% |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 12.70% |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 33.60% |
| 10 | Agilent Technologies | 49.40 Bn | 42.29 Bn | 1.04 Bn | 23.38% |
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% |
Medtronic FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "MDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();