Medtronic (MDT) Free Cash Flow (2014 - 2026)
Medtronic's (MDT) quarterly Free Cash Flow came in at $1.3 billion in Q3 2026, up 120.89% year-over-year from $584.0 million in Q3 2025, and down 38.13% quarter-over-quarter from $2.1 billion in Q2 2026.
Analysis
Medtronic (MDT) Free Cash Flow (2014 - 2026) Analysis & Trends
Medtronic has disclosed Free Cash Flow across 13 years of filings, most recently posting $1.3 billion for Q3 2026.
- In Q3 2026, Free Cash Flow rose 120.89% year-over-year to $1.3 billion; the TTM figure through Jul 2026 stood at $6.1 billion (up 15.63% YoY), while the FY2026 annual figure was $5.4 billion, up 4.65% from the prior year.
- Free Cash Flow came in at $1.3 billion for Q3 2026 at Medtronic, down from $2.1 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.
- Average Free Cash Flow over 5 years is $1.3 billion, with a median of $1.3 billion recorded in 2026.
- Year-over-year, Free Cash Flow slumped 66.61% in 2023 and jumped 177.0% in 2024.
- Over 5 years, Free Cash Flow stood at $599.0 million in 2022, then tumbled 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 jumped by 182.28% to $1.3 billion in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were $1.3 billion in Q3 2026, $2.1 billion in Q2 2026, and $2.3 billion in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 184.42 Bn | 178.82 Bn | 7.27 Bn | 1.99 Bn |
| 2 | Intuitive Surgical | 124.16 Bn | 118.94 Bn | 1.96 Bn | 948.40 Mn |
| 3 | Medtronic | 118.41 Bn | 109.59 Bn | 6.34 Bn | 1.29 Bn |
| 4 | Stryker | 104.45 Bn | 100.98 Bn | 4.50 Bn | 1.06 Bn |
| 5 | Boston Scientific | 66.47 Bn | 65.93 Bn | 3.85 Bn | 1.28 Bn |
| 6 | Edwards Lifesciences | 49.71 Bn | 45.46 Bn | 1.35 Bn | 585.00 Mn |
| 7 | Alcon | 33.95 Bn | 32.50 Bn | 1.68 Bn | 606.00 Mn |
| 8 | Dexcom | 32.24 Bn | 30.29 Bn | 830.00 Mn | 184.50 Mn |
| 9 | Steris | 21.17 Bn | 20.68 Bn | 684.20 Mn | 279.60 Mn |
| 10 | Zimmer Biomet Holdings | 18.17 Bn | 17.76 Bn | 1.54 Bn | 393.60 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 |