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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |