KPIs & Operating Metrics(New)
Growth Metrics

Medtronic (MDT) Free Cash Flow (2014 - 2026)

Medtronic recorded quarterly Free Cash Flow of $2.3 billion in Q1 2026, up 403.28% quarter-over-quarter from $457.0 million in Q4 2025, and up 9.73% year-over-year from $2.1 billion in Q1 2025.

Medtronic's Free Cash Flow history runs 13 years deep, the most recent figure standing at $2.3 billion for Q1 2026.

  • In Q1 2026, Free Cash Flow rose 9.73% year-over-year to $2.3 billion; the TTM figure through Jan 2026 stood at $5.4 billion (down 1.04% YoY), while the FY2025 annual figure 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.
  • A 5-year average of $1.3 billion and a median of $1.2 billion in 2023 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow slumped 66.61% in 2023 and jumped 177.0% in 2024, its largest moves.
  • Medtronic's Free Cash Flow stood at $599.0 million in 2022, then plunged by 66.61% to $200.0 million in 2023, then surged by 177.0% to $554.0 million in 2024, then fell by 17.51% to $457.0 million in 2025, then soared by 403.28% to $2.3 billion in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered $2.3 billion, $457.0 million, and $584.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Abbott Laboratories 152.82 Bn 146.17 Bn 6.27 Bn 916.00 Mn
2 Stryker 115.07 Bn 112.19 Bn 3.81 Bn 415.00 Mn
3 Medtronic 95.25 Bn 87.08 Bn 5.76 Bn 2.30 Bn
4 Boston Scientific 71.38 Bn 70.17 Bn 3.61 Bn 171.00 Mn
5 Edwards Lifesciences 51.08 Bn 47.41 Bn 1.29 Bn -21.10 Mn
6 Koninklijke Philips 29.38 Bn 26.07 Bn 2.07 Bn 305.56 Mn
7 Dexcom 28.84 Bn 27.72 Bn 750.30 Mn 449.00 Mn
8 GE HealthCare Technologies 28.56 Bn 26.49 Bn 1.98 Bn 204.00 Mn
9 Steris 20.71 Bn 20.30 Bn 697.10 Mn 245.20 Mn
10 Zimmer Biomet Holdings 16.17 Bn 15.75 Bn 1.51 Bn 323.10 Mn

Historic Data

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DateValue
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
Jul 28, 2023 521.00 Mn
Jul 28, 2023 521.00 Mn
Apr 28, 2023 2.08 Bn
Apr 28, 2023 2.08 Bn
Jan 27, 2023 1.24 Bn
Jan 27, 2023 1.24 Bn
Oct 28, 2022 599.00 Mn
Oct 28, 2022 599.00 Mn
Jul 29, 2022 657.00 Mn
Jul 29, 2022 657.00 Mn
Apr 29, 2022 1.67 Bn
Apr 29, 2022 1.67 Bn
Jan 28, 2022 1.90 Bn
Jan 28, 2022 1.90 Bn
Oct 29, 2021 1.50 Bn
Oct 29, 2021 1.50 Bn
Jul 30, 2021 914.00 Mn
Jul 30, 2021 914.00 Mn
Apr 30, 2021 1.37 Bn
Apr 30, 2021 1.37 Bn
Jan 29, 2021 1.99 Bn
Jan 29, 2021 1.99 Bn
Oct 30, 2020 1.58 Bn
Oct 30, 2020 1.58 Bn
Jul 31, 2020 -56.00 Mn
Jul 31, 2020 -56.00 Mn
Apr 24, 2020 1.11 Bn
Apr 24, 2020 1.11 Bn
Jan 24, 2020 2.11 Bn
Jan 24, 2020 2.11 Bn
Oct 25, 2019 1.58 Bn
Oct 25, 2019 1.58 Bn
Jul 26, 2019 1.21 Bn
Jul 26, 2019 1.21 Bn
Apr 26, 2019 1.75 Bn
Apr 26, 2019 1.75 Bn
Jan 25, 2019 1.75 Bn
Jan 25, 2019 1.75 Bn
Oct 26, 2018 957.00 Mn
Oct 26, 2018 957.00 Mn
Jul 27, 2018 1.41 Bn
Jul 27, 2018 1.41 Bn
Apr 27, 2018 746.00 Mn
Apr 27, 2018 746.00 Mn
Jan 26, 2018 1.75 Bn
Jan 26, 2018 1.75 Bn
Oct 27, 2017 661.00 Mn
Oct 27, 2017 661.00 Mn
Jul 28, 2017 459.00 Mn
Jul 28, 2017 459.00 Mn
Apr 28, 2017 1.44 Bn
Apr 28, 2017 1.44 Bn
Jan 27, 2017 1.76 Bn
Jan 27, 2017 1.76 Bn
Oct 28, 2016 1.20 Bn
Oct 28, 2016 1.20 Bn
Jul 29, 2016 1.22 Bn
Jul 29, 2016 1.22 Bn
Apr 29, 2016 973.00 Mn
Apr 29, 2016 973.00 Mn
Jan 29, 2016 1.55 Bn
Jan 29, 2016 1.55 Bn
Oct 30, 2015 1.06 Bn
Oct 30, 2015 1.06 Bn
Jul 31, 2015 592.00 Mn
Jul 31, 2015 592.00 Mn
Apr 24, 2015 1.66 Bn
Apr 24, 2015 1.66 Bn
Jan 23, 2015 1.66 Bn
Jan 23, 2015 1.66 Bn
Oct 24, 2014 812.00 Mn
Oct 24, 2014 812.00 Mn
Jul 25, 2014 201.00 Mn
Jul 25, 2014 201.00 Mn