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

Medtronic's (MDT) quarterly FCF Payout Ratio came in at 0.4 in Q1 2026, down 7.45% year-on-year from 0.43 in Q1 2025, and down 80.11% quarter-over-quarter from 1.99 in Q4 2025.

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

Medtronic has disclosed FCF Payout Ratio across 13 years of filings, most recently posting 0.4 for Q1 2026.

  • FCF Payout Ratio for Q1 2026 came in at 0.4, down 7.45% year-over-year; the trailing twelve-month figure through Jan 2026 was 0.67 (up 1.7% YoY), and the FY2025 annual result was 0.69, down 1.82% from the prior year.
  • FCF Payout Ratio came in at 0.4 for Q1 2026 at Medtronic, down from 1.99 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.
  • The 5-year median for FCF Payout Ratio is 0.73 (2023), against an average of 1.21.
  • Across the five-year window, FCF Payout Ratio jumped 204.14% in 2023 and plunged 64.72% in 2024, its largest moves.
  • Medtronic's FCF Payout Ratio stood at 1.51 in 2022, then surged by 204.14% to 4.59 in 2023, then slumped by 64.72% to 1.62 in 2024, then climbed by 22.98% to 1.99 in 2025, then sank by 80.11% to 0.4 in 2026.
  • The last three FCF Payout Ratio figures came in at 0.4 (Q1 2026), 1.99 (Q4 2025), and 1.56 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 Abbott Laboratories 154.42 Bn 147.76 Bn 6.27 Bn 1.20
2 Stryker 118.12 Bn 115.25 Bn 3.81 Bn 0.81
3 Medtronic 101.72 Bn 93.55 Bn 5.76 Bn 0.40
4 Boston Scientific 67.19 Bn 65.98 Bn 3.61 Bn -
5 Edwards Lifesciences 50.69 Bn 47.02 Bn 1.29 Bn -
6 Koninklijke Philips 29.38 Bn 26.07 Bn 2.07 Bn -
7 Dexcom 28.09 Bn 26.97 Bn 750.30 Mn -
8 GE HealthCare Technologies 28.08 Bn 26.02 Bn 1.98 Bn 0.08
9 Steris 19.80 Bn 19.37 Bn 697.10 Mn 0.25
10 Zimmer Biomet Holdings 17.18 Bn 16.77 Bn 1.51 Bn 0.15

Historic Data

Download Data
DateValue
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
Apr 30, 2021 0.57