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
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