Medtronic (MDT) Free Cash Flow (2014 - 2026)
Medtronic (MDT) reported Free Cash Flow of $2.1 billion for Q2 2026, up 0.77% on a YoY basis from $2.1 billion in Q2 2025, and down 9.35% sequentially from $2.3 billion in Q1 2026.
Medtronic (MDT) Free Cash Flow (2014 - 2026) Analysis & Trends
Medtronic (MDT) has 13 years of Free Cash Flow data on file, last reported at $2.1 billion in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow rose 0.77% year-over-year to $2.1 billion; the trailing twelve-month figure through Apr 2026 stood at $5.4 billion (up 4.65% YoY), and the FY2026 full-year result was $5.4 billion, up 4.65% from the prior year.
- Free Cash Flow retreated to $2.1 billion in Q2 2026, from $2.3 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $2.4 billion in Q2 2024 to a low of $200.0 million in Q4 2023.
- A 5-year average of $1.3 billion and a median of $1.5 billion in 2022 frame the typical range for Free Cash Flow.
- Across the five-year window, Free Cash Flow sank 66.61% in 2023 and soared 177.0% in 2024, its largest moves.
- Tracing MDT's Free Cash Flow over 5 years: stood at $599.0 million in 2022, then slumped by 66.61% to $200.0 million in 2023, then soared by 177.0% to $554.0 million in 2024, then dropped by 17.51% to $457.0 million in 2025, then jumped by 356.24% to $2.1 billion in 2026.
- Business Quant data shows MDT's Free Cash Flow at $2.1 billion in Q2 2026, $2.3 billion in Q1 2026, and $457.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 916.00 Mn |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 415.00 Mn |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 2.09 Bn |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | 171.00 Mn |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | -21.10 Mn |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 449.00 Mn |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | 305.56 Mn |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 112.00 Mn |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Steris | 20.59 Bn | 20.16 Bn | 697.10 Mn | 245.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | 2.09 Bn |
| Apr 24, 2026 | 2.09 Bn |
| Jan 23, 2026 | 2.30 Bn |
| Jan 23, 2026 | 2.30 Bn |
| Oct 24, 2025 | 457.00 Mn |
| Oct 24, 2025 | 457.00 Mn |
| Jul 25, 2025 | 584.00 Mn |
| Jul 25, 2025 | 584.00 Mn |
| Apr 25, 2025 | 2.07 Bn |
| Apr 25, 2025 | 2.07 Bn |
| Jan 24, 2025 | 2.10 Bn |
| Jan 24, 2025 | 2.10 Bn |
| Oct 25, 2024 | 554.00 Mn |
| Oct 25, 2024 | 554.00 Mn |
| Jul 26, 2024 | 466.00 Mn |
| Jul 26, 2024 | 466.00 Mn |
| Apr 26, 2024 | 2.35 Bn |
| Apr 26, 2024 | 2.35 Bn |
| Jan 26, 2024 | 2.13 Bn |
| Jan 26, 2024 | 2.13 Bn |