Medtronic (MDT) Free Cash Flow (2014 - 2026)
Medtronic (MDT) posted Free Cash Flow of $2.1 billion for Q2 2026, down 9.35% sequentially from $2.3 billion in Q1 2026, and up 0.77% YoY from $2.1 billion in Q2 2025.
Medtronic (MDT) Free Cash Flow (2014 - 2026) Analysis & Trends
Medtronic has reported Free Cash Flow for 13 years, with the latest figure at $2.1 billion in Q2 2026.
- Quarterly Free Cash Flow rose 0.77% year-over-year to $2.1 billion in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $5.4 billion (up 4.65% YoY) and the FY2026 annual result came in at $5.4 billion, up 4.65% from the prior year.
- Free Cash Flow retreated to $2.1 billion in Q2 2026 per MDT's latest filing, from $2.3 billion in the prior quarter.
- Over five years, Free Cash Flow peaked at $2.4 billion in Q2 2024 and troughed at $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.
- The sharpest annual moves came in 2023 and 2024: Free Cash Flow tumbled 66.61% in 2023, then surged 177.0% in 2024.
- Over 5 years, Free Cash Flow stood at $599.0 million in 2022, then sank by 66.61% to $200.0 million in 2023, then soared by 177.0% to $554.0 million in 2024, then retreated by 17.51% to $457.0 million in 2025, then jumped by 356.24% to $2.1 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $2.1 billion, $2.3 billion, and $457.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.20 Bn | 194.60 Bn | 7.27 Bn | 1.99 Bn |
| 2 | Stryker | 129.69 Bn | 126.21 Bn | 4.50 Bn | 1.06 Bn |
| 3 | Medtronic | 120.14 Bn | 110.92 Bn | 6.41 Bn | 2.09 Bn |
| 4 | Boston Scientific | 74.16 Bn | 73.62 Bn | 3.85 Bn | 1.28 Bn |
| 5 | Edwards Lifesciences | 52.68 Bn | 48.43 Bn | 1.35 Bn | 585.00 Mn |
| 6 | Dexcom | 34.57 Bn | 32.62 Bn | 830.00 Mn | 184.50 Mn |
| 7 | GE HealthCare Technologies | 34.09 Bn | 31.98 Bn | 2.18 Bn | 68.00 Mn |
| 8 | Koninklijke Philips | 26.49 Bn | 23.17 Bn | 4.55 Bn | 511.44 Mn |
| 9 | Steris | 23.19 Bn | 22.70 Bn | 684.20 Mn | 279.60 Mn |
| 10 | Zimmer Biomet Holdings | 19.36 Bn | 18.95 Bn | 1.54 Bn | 393.60 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 |