Medtronic MDT
NYSE MDT
$91.62 -0.27 (-0.29%)
As of: Sep 10, 2026 · 3:59 PM EDT

Medtronic (MDT) FCF Payout Ratio (2014 - 2026)

Medtronic's (MDT) quarterly FCF Payout Ratio came in at 0.71 in Q3 2026, down 54.18% year-over-year from 1.56 in Q3 2025, and up 63.94% quarter-over-quarter from 0.44 in Q2 2026.

Analysis

Medtronic (MDT) FCF Payout Ratio (2014 - 2026) Analysis & Trends

Medtronic has disclosed FCF Payout Ratio across 13 years of filings, most recently posting 0.71 for Q3 2026.

  • In Q3 2026, FCF Payout Ratio fell 54.18% year-over-year to 0.71; the TTM figure through Jul 2026 stood at 0.6 (down 12.34% YoY), while the FY2026 annual figure was 0.67, down 3.11% from the prior year.
  • FCF Payout Ratio came in at 0.71 for Q3 2026 at Medtronic, up from 0.44 in the prior quarter.
  • In the past five years, FCF Payout Ratio ranged from a high of 4.59 in Q4 2023 to a low of 0.39 in Q2 2024.
  • Average FCF Payout Ratio over 5 years is 1.14, with a median of 0.71 recorded in 2026.
  • Year-over-year, FCF Payout Ratio surged 204.14% in 2023 and tumbled 64.72% in 2024.
  • Over 5 years, FCF Payout Ratio stood at 1.51 in 2022, then surged by 204.14% to 4.59 in 2023, then plunged by 64.72% to 1.62 in 2024, then climbed by 22.98% to 1.99 in 2025, then sank by 64.15% to 0.71 in 2026.
  • Per Business Quant data, the three most recent FCF Payout Ratio figures were 0.71 in Q3 2026, 0.44 in Q2 2026, and 0.4 in Q1 2026.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 Abbott Laboratories 179.79 Bn 174.18 Bn 7.27 Bn 0.55
2 Intuitive Surgical 127.69 Bn 122.47 Bn 1.96 Bn -
3 Medtronic 117.23 Bn 108.41 Bn 6.34 Bn 0.71
4 Stryker 103.55 Bn 100.07 Bn 4.50 Bn 0.32
5 Boston Scientific 63.24 Bn 62.70 Bn 3.85 Bn -
6 Edwards Lifesciences 49.97 Bn 45.72 Bn 1.35 Bn -
7 Alcon 32.83 Bn 31.37 Bn 1.68 Bn -
8 Dexcom 32.30 Bn 30.35 Bn 830.00 Mn -
9 Steris 20.73 Bn 20.25 Bn 684.20 Mn 0.22
10 Zimmer Biomet Holdings 17.73 Bn 17.32 Bn 1.54 Bn 0.12
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 0.71
Apr 24, 2026 0.44
Jan 23, 2026 0.40
Oct 24, 2025 1.99
Jul 25, 2025 1.56
Apr 25, 2025 0.43
Jan 24, 2025 0.43
Oct 25, 2024 1.62
Jul 26, 2024 1.93
Apr 26, 2024 0.39
Jan 26, 2024 0.43
Oct 27, 2023 4.59
Jul 28, 2023 1.76
Apr 28, 2023 0.43
Jan 27, 2023 0.73
Oct 28, 2022 1.51
Jul 29, 2022 1.37
Apr 29, 2022 0.51
Jan 28, 2022 0.45
Oct 29, 2021 0.57