Medtronic (MDT) FCF Payout Ratio (2014 - 2026)
Medtronic (MDT) reported FCF Payout Ratio of 0.44 for Q2 2026, little changed on a YoY basis from 0.43 in Q2 2025, and up 9.95% sequentially from 0.4 in Q1 2026.
Medtronic (MDT) FCF Payout Ratio (2014 - 2026) Analysis & Trends
Medtronic (MDT) has 13 years of FCF Payout Ratio data on file, last reported at 0.44 in Q2 2026.
- For the quarter ending Q2 2026, FCF Payout Ratio changed 0.45% year-over-year to 0.44; the trailing twelve-month figure through Apr 2026 stood at 0.67 (down 3.11% YoY), and the FY2026 full-year result was 0.67, down 3.11% from the prior year.
- FCF Payout Ratio advanced to 0.44 in Q2 2026, from 0.4 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.
- A 5-year average of 1.16 and a median of 0.62 in 2022 frame the typical range for FCF Payout Ratio.
- Across the five-year window, FCF Payout Ratio jumped 204.14% in 2023 and slumped 64.72% in 2024, its largest moves.
- Tracing MDT's FCF Payout Ratio over 5 years: stood at 1.51 in 2022, then jumped by 204.14% to 4.59 in 2023, then tumbled by 64.72% to 1.62 in 2024, then advanced by 22.98% to 1.99 in 2025, then sank by 78.13% to 0.44 in 2026.
- Business Quant data shows MDT's FCF Payout Ratio at 0.44 in Q2 2026, 0.4 in Q1 2026, and 1.99 in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 1.20 |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 0.81 |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 0.44 |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | - |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | - |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | - |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | 0.00 |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 0.14 |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Steris | 20.59 Bn | 20.16 Bn | 697.10 Mn | 0.98 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jul 30, 2021 | 0.93 |