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
DateValue
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