Medtronic (MDT) Inventory Average (2015 - 2026)
Medtronic's (MDT) quarterly Inventory Average came in at $6.1 billion in Q3 2026, up 7.08% year-over-year from $5.7 billion in Q3 2025, and down 0.77% quarter-over-quarter from $6.1 billion in Q2 2026.
Analysis
Medtronic (MDT) Inventory Average (2015 - 2026) Analysis & Trends
Medtronic has disclosed Inventory Average across 12 years of filings, most recently posting $6.1 billion for Q3 2026.
- In Q3 2026, Inventory Average rose 7.08% year-over-year to $6.1 billion; the TTM figure through Jul 2026 stood at $6.1 billion (up 7.08% YoY), while the FY2026 annual figure was $5.7 billion, up 6.86% from the prior year.
- Inventory Average came in at $6.1 billion for Q3 2026 at Medtronic, down from $6.1 billion in the prior quarter.
- In the past five years, Inventory Average ranged from a high of $6.2 billion in Q1 2026 to a low of $4.4 billion in Q1 2022.
- Average Inventory Average over 5 years is $5.5 billion, with a median of $5.5 billion recorded in 2023.
- Year-over-year, Inventory Average increased 17.68% in 2023 and decreased 4.63% in 2024.
- Over 5 years, Inventory Average stood at $4.9 billion in 2022, then increased by 15.79% to $5.7 billion in 2023, then fell by 4.63% to $5.4 billion in 2024, then rose by 10.55% to $6.0 billion in 2025, then grew by 1.03% to $6.1 billion in 2026.
- Per Business Quant data, the three most recent Inventory Average figures were $6.1 billion in Q3 2026, $6.1 billion in Q2 2026, and $6.2 billion in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 183.43 Bn | 177.83 Bn | 7.27 Bn | 7.15 Bn |
| 2 | Intuitive Surgical | 124.55 Bn | 119.33 Bn | 1.96 Bn | 1.99 Bn |
| 3 | Medtronic | 117.91 Bn | 109.10 Bn | 6.34 Bn | 6.08 Bn |
| 4 | Stryker | 105.51 Bn | 102.03 Bn | 4.50 Bn | 5.47 Bn |
| 5 | Boston Scientific | 66.23 Bn | 65.69 Bn | 3.85 Bn | 3.18 Bn |
| 6 | Edwards Lifesciences | 49.46 Bn | 45.21 Bn | 1.35 Bn | 1.13 Bn |
| 7 | Alcon | 33.87 Bn | 32.41 Bn | 1.68 Bn | 2.47 Bn |
| 8 | Dexcom | 32.08 Bn | 30.13 Bn | 830.00 Mn | 710.00 Mn |
| 9 | Steris | 21.05 Bn | 20.56 Bn | 684.20 Mn | 671.95 Mn |
| 10 | Zimmer Biomet Holdings | 18.27 Bn | 17.86 Bn | 1.54 Bn | 2.26 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 6.08 Bn |
| Apr 24, 2026 | 6.13 Bn |
| Jan 23, 2026 | 6.23 Bn |
| Oct 24, 2025 | 6.02 Bn |
| Jul 25, 2025 | 5.68 Bn |
| Apr 25, 2025 | 5.54 Bn |
| Jan 24, 2025 | 5.54 Bn |
| Oct 25, 2024 | 5.45 Bn |
| Jul 26, 2024 | 5.32 Bn |
| Apr 26, 2024 | 5.47 Bn |
| Jan 26, 2024 | 5.74 Bn |
| Oct 27, 2023 | 5.71 Bn |
| Jul 28, 2023 | 5.48 Bn |
| Apr 28, 2023 | 5.33 Bn |
| Jan 27, 2023 | 5.22 Bn |
| Oct 28, 2022 | 4.93 Bn |
| Jul 29, 2022 | 4.71 Bn |
| Apr 29, 2022 | 4.57 Bn |
| Jan 28, 2022 | 4.43 Bn |
| Oct 29, 2021 | 4.32 Bn |