Medtronic (MDT) Other Working Capital Changes (2014 - 2026)
Medtronic's Other Working Capital Changes was $118 million in fiscal Q1 2027 (quarter ended Jul 31, 2026), down 74.6% from $464 million a year earlier.
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Analysis
Medtronic (MDT) Other Working Capital Changes (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Medtronic's Other Working Capital Changes was $519 million through Jul 31, 2026, down 35.8% year-over-year; for FY2026 (ended Apr 24, 2026), it came in at $865 million, up 60.8% from FY2025.
- Other Working Capital Changes has now increased for four consecutive fiscal years, with a five-year compound annual growth rate of 9.5% (FY2021 to FY2026).
- In earlier fiscal years, Other Working Capital Changes was $538 million in FY2025 (+55.9%), $345 million in FY2024 (+133.1%), $148 million in FY2023 (+127.7%) and $65 million in FY2022 (-88.2%).
- Quarterly Other Working Capital Changes has moved between -$405 million (fiscal Q2 2023) and $727 million (fiscal Q2 2026) over five years.
- Compared with a year earlier, Other Working Capital Changes was higher in three of the last four quarters, with growth averaging 22.2%.
- Per Business Quant data, MDT's Other Working Capital Changes in the three fiscal quarters before Q1 2027 was -$209 million (Q4 2026), -$117 million (Q3 2026) and $727 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 257.99 Bn | 237.02 Bn | 4.88 Bn |
| 2 | Abbott Laboratories | 175.01 Bn | 145.44 Bn | 7.27 Bn |
| 3 | Danaher | 164.93 Bn | 148.74 Bn | 3.61 Bn |
| 4 | Intuitive Surgical | 151.84 Bn | 131.26 Bn | 1.96 Bn |
| 5 | Medtronic | 119.05 Bn | 84.30 Bn | 6.34 Bn |
| 6 | Stryker | 113.89 Bn | 100.00 Bn | 4.50 Bn |
| 7 | Boston Scientific | 65.37 Bn | 60.13 Bn | 3.85 Bn |
| 8 | Becton Dickinson | 53.36 Bn | 50.51 Bn | 2.32 Bn |
| 9 | Edwards Lifesciences | 50.83 Bn | 34.83 Bn | 1.35 Bn |
| 10 | Agilent Technologies | 50.18 Bn | 43.07 Bn | 1.04 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -118.00 Mn |
| Apr 24, 2026 | 209.00 Mn |
| Jan 23, 2026 | 117.00 Mn |
| Oct 24, 2025 | -727.00 Mn |
| Jul 25, 2025 | -464.00 Mn |
| Apr 25, 2025 | 147.00 Mn |
| Jan 24, 2025 | 115.00 Mn |
| Oct 25, 2024 | -606.00 Mn |
| Jul 26, 2024 | -194.00 Mn |
| Apr 26, 2024 | 140.00 Mn |
| Jan 26, 2024 | 1.00 Mn |
| Oct 27, 2023 | -582.00 Mn |
| Jul 28, 2023 | 96.00 Mn |
| Apr 28, 2023 | 196.00 Mn |
| Jan 27, 2023 | -438.00 Mn |
| Oct 28, 2022 | 405.00 Mn |
| Jul 29, 2022 | -311.00 Mn |
| Apr 29, 2022 | 379.00 Mn |
| Jan 28, 2022 | -35.00 Mn |
| Oct 29, 2021 | -88.00 Mn |
API Access
Medtronic Other Working Capital Changes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "ticker": "MDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();