Medtronic (MDT) FCF Payout Ratio (2014 - 2026)
Medtronic's (MDT) FCF Payout Ratio stood at 0.71 in fiscal Q1 2027 (quarter ended Jul 31, 2026), down 54.2% from 1.56 a year earlier but up 63.9% from the prior quarter.
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Analysis
Medtronic (MDT) FCF Payout Ratio (2014 - 2026) Analysis & Trends
On a TTM basis, Medtronic's FCF Payout Ratio came in at 0.60 as of Jul 31, 2026, down 12.3% year-over-year; for FY2026 (ended Apr 24, 2026), it was 0.67, down 3.1% from FY2025.
- Annual FCF Payout Ratio has declined for three straight fiscal years.
- Across earlier fiscal years, FCF Payout Ratio came in at 0.69 in FY2025 (-1.8%), 0.71 in FY2024 (-10.7%), 0.79 in FY2023 (+39.5%) and 0.57 in FY2022 (-11.4%).
- Quarterly FCF Payout Ratio has ranged from 0.39 in fiscal Q4 2024 to 4.59 in fiscal Q2 2024 over the past five years.
- On a year-over-year basis, FCF Payout Ratio rose in three of the last eight quarters, with an average decline of 13.9%.
- Peak year-over-year performance for FCF Payout Ratio in the last five years was growth of 204.1% in fiscal Q2 2024, against a decline of 64.7% in fiscal Q2 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 0.44 (Q4 2026), 0.40 (Q3 2026) and 1.99 (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 0.10 |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 0.55 |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | - |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | - |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 0.71 |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | - |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | - |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | - |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | - |
| 10 | Agilent Technologies | 48.58 Bn | 41.47 Bn | 1.04 Bn | 0.16 |
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 |
API Access
Medtronic FCF Payout Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-payout-ratio&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-payout-ratio", "ticker": "MDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-payout-ratio&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();