Medtronic (MDT) Free Cash Flow (2014 - 2026)
Medtronic's Free Cash Flow was $1.29 billion in fiscal Q1 2027 (quarter ended Jul 31, 2026), up 120.9% from $584 million a year earlier but down 38.1% from the prior quarter.
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Analysis
Medtronic (MDT) Free Cash Flow (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Medtronic's Free Cash Flow was $6.13 billion through Jul 31, 2026, up 15.6% year-over-year; for FY2026 (ended Apr 24, 2026), it came in at $5.43 billion, up 4.6% from FY2025.
- Free Cash Flow shows a five-year compound annual growth rate of 2.1% (FY2021 to FY2026).
- In earlier fiscal years, Free Cash Flow was $5.19 billion in FY2025 (-0.3%), $5.2 billion in FY2024 (+13.5%), $4.58 billion in FY2023 (-23.4%) and $5.98 billion in FY2022 (+22.4%).
- Quarterly Free Cash Flow has moved between $200 million (fiscal Q2 2024) and $2.35 billion (fiscal Q4 2024) over five years.
- Compared with a year earlier, Free Cash Flow has increased for three straight quarters, with growth averaging 37.8% over the last eight quarters.
- The best year-over-year quarter for Free Cash Flow over five years was fiscal Q2 2025 (growth of 177.0%); the worst was fiscal Q2 2024 (a decline of 66.6%).
- Per Business Quant data, MDT's Free Cash Flow in the three fiscal quarters before Q1 2027 was $2.09 billion (Q4 2026), $2.3 billion (Q3 2026) and $457 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 1.68 Bn |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 1.99 Bn |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 1.27 Bn |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 948.40 Mn |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 1.29 Bn |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 1.06 Bn |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 1.28 Bn |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 633.00 Mn |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 585.00 Mn |
| 10 | Agilent Technologies | 49.40 Bn | 42.29 Bn | 1.04 Bn | 439.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.29 Bn |
| Apr 24, 2026 | 2.09 Bn |
| Jan 23, 2026 | 2.30 Bn |
| Oct 24, 2025 | 457.00 Mn |
| Jul 25, 2025 | 584.00 Mn |
| Apr 25, 2025 | 2.07 Bn |
| Jan 24, 2025 | 2.10 Bn |
| Oct 25, 2024 | 554.00 Mn |
| Jul 26, 2024 | 466.00 Mn |
| Apr 26, 2024 | 2.35 Bn |
| Jan 26, 2024 | 2.13 Bn |
| Oct 27, 2023 | 200.00 Mn |
| Jul 28, 2023 | 521.00 Mn |
| Apr 28, 2023 | 2.08 Bn |
| Jan 27, 2023 | 1.24 Bn |
| Oct 28, 2022 | 599.00 Mn |
| Jul 29, 2022 | 657.00 Mn |
| Apr 29, 2022 | 1.67 Bn |
| Jan 28, 2022 | 1.90 Bn |
| Oct 29, 2021 | 1.50 Bn |
API Access
Medtronic Free Cash Flow 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=free-cash-flow&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();