Medtronic (MDT) Other Working Capital Changes (2014 - 2026)

Medtronic's (MDT) quarterly Other Working Capital Changes came in at -$117.0 million in Q1 2026, down 1.74% year-on-year from -$119.1 million in Q1 2025, and down 116.09% quarter-over-quarter from $727.0 million in Q4 2025.

Medtronic (MDT) Other Working Capital Changes (2014 - 2026) Analysis & Trends

Medtronic has disclosed Other Working Capital Changes across 13 years of filings, most recently posting -$117.0 million for Q1 2026.

  • Other Working Capital Changes for Q1 2026 came in at -$117.0 million, down 1.74% year-over-year; the trailing twelve-month figure through Jan 2026 was $927.0 million (up 70.09% YoY), and the FY2025 annual result was $538.0 million, up 55.94% from the prior year.
  • Other Working Capital Changes came in at -$117.0 million for Q1 2026 at Medtronic, down from $727.0 million in the prior quarter.
  • In the past five years, Other Working Capital Changes ranged from a high of $727.0 million in Q4 2025 to a low of -$405.0 million in Q4 2022.
  • The 5-year median for Other Working Capital Changes is -$1.0 million (2024), against an average of $103.6 million.
  • Across the five-year window, Other Working Capital Changes soared 1151.43% in 2023 and slumped 11400.0% in 2025, its largest moves.
  • Medtronic's Other Working Capital Changes stood at -$405.0 million in 2022, then soared by 243.7% to $582.0 million in 2023, then grew by 4.12% to $606.0 million in 2024, then increased by 19.97% to $727.0 million in 2025, then sank by 116.09% to -$117.0 million in 2026.
  • The last three Other Working Capital Changes figures came in at -$117.0 million (Q1 2026), $727.0 million (Q4 2025), and $464.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Abbott Laboratories 154.42 Bn 147.76 Bn 6.27 Bn
2 Stryker 118.12 Bn 115.25 Bn 3.81 Bn
3 Medtronic 101.72 Bn 93.55 Bn 5.76 Bn
4 Boston Scientific 67.19 Bn 65.98 Bn 3.61 Bn
5 Edwards Lifesciences 50.69 Bn 47.02 Bn 1.29 Bn
6 Koninklijke Philips 29.38 Bn 26.07 Bn 2.07 Bn
7 Dexcom 28.09 Bn 26.97 Bn 750.30 Mn
8 GE HealthCare Technologies 28.08 Bn 26.02 Bn 1.98 Bn
9 Steris 19.80 Bn 19.37 Bn 697.10 Mn
10 Zimmer Biomet Holdings 17.18 Bn 16.77 Bn 1.51 Bn

Historic Data

Download Data
DateValue
Jan 23, 2026 -117.00 Mn
Jan 23, 2026 -117.00 Mn
Oct 24, 2025 727.00 Mn
Oct 24, 2025 727.00 Mn
Jul 25, 2025 464.00 Mn
Jul 25, 2025 464.00 Mn
Apr 25, 2025 -147.00 Mn
Apr 25, 2025 -147.00 Mn
Jan 24, 2025 -115.00 Mn
Jan 24, 2025 -115.00 Mn
Oct 25, 2024 606.00 Mn
Oct 25, 2024 606.00 Mn
Jul 26, 2024 194.00 Mn
Jul 26, 2024 194.00 Mn
Apr 26, 2024 -140.00 Mn
Apr 26, 2024 -140.00 Mn
Jan 26, 2024 -1.00 Mn
Jan 26, 2024 -1.00 Mn
Oct 27, 2023 582.00 Mn
Oct 27, 2023 582.00 Mn