Medtronic (MDT) Free Cash Flow (2014 - 2026)
Medtronic's (MDT) quarterly Free Cash Flow came in at $2.3 billion in Q1 2026, up 9.73% year-on-year from $2.1 billion in Q1 2025, and up 403.28% quarter-over-quarter from $457.0 million in Q4 2025.
Medtronic (MDT) Free Cash Flow (2014 - 2026) Analysis & Trends
Medtronic has disclosed Free Cash Flow across 13 years of filings, most recently posting $2.3 billion for Q1 2026.
- Free Cash Flow for Q1 2026 came in at $2.3 billion, up 9.73% year-over-year; the trailing twelve-month figure through Jan 2026 was $5.4 billion (down 1.04% YoY), and the FY2025 annual result was $5.2 billion, changed 0.29% from the prior year.
- Free Cash Flow came in at $2.3 billion for Q1 2026 at Medtronic, up from $457.0 million 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.
- The 5-year median for Free Cash Flow is $1.2 billion (2023), against an average of $1.3 billion.
- Across the five-year window, Free Cash Flow tumbled 66.61% in 2023 and soared 177.0% in 2024, its largest moves.
- Medtronic's Free Cash Flow stood at $599.0 million in 2022, then sank by 66.61% to $200.0 million in 2023, then jumped by 177.0% to $554.0 million in 2024, then declined by 17.51% to $457.0 million in 2025, then surged by 403.28% to $2.3 billion in 2026.
- The last three Free Cash Flow figures came in at $2.3 billion (Q1 2026), $457.0 million (Q4 2025), and $584.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 916.00 Mn |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 415.00 Mn |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 2.30 Bn |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 171.00 Mn |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | -21.10 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 305.56 Mn |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 449.00 Mn |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 204.00 Mn |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 245.20 Mn |
| 10 | Zimmer Biomet Holdings | 17.18 Bn | 16.77 Bn | 1.51 Bn | 323.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Oct 27, 2023 | 200.00 Mn |
| Oct 27, 2023 | 200.00 Mn |