Medtronic (MDT) Return on Capital Employed (2015 - 2026)

Medtronic's (MDT) quarterly Return on Capital Employed came in at 7.36% in Q1 2026, up 23.0% year-on-year from 5.99% in Q1 2025, and down 3.75% quarter-over-quarter from 7.65% in Q4 2025.

Medtronic (MDT) Return on Capital Employed (2015 - 2026) Analysis & Trends

Medtronic has disclosed Return on Capital Employed across 12 years of filings, most recently posting 7.36% for Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 7.36%, up 23.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 7.36% (up 23.0% YoY), and the FY2025 annual result was 7.64%, up 118.0% from the prior year.
  • Return on Capital Employed came in at 7.36% for Q1 2026 at Medtronic, down from 7.65% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 7.88% in Q3 2022 to a low of 6.46% in Q2 2024.
  • The 5-year median for Return on Capital Employed is 7.05% (2023), against an average of 7.14%.
  • Across the five-year window, Return on Capital Employed soared 306 bps in 2022 and tumbled 100 bps in 2023, its largest moves.
  • Medtronic's Return on Capital Employed stood at 7.6% in 2022, then retreated by 9 bps to 6.89% in 2023, then grew by 1 bps to 6.96% in 2024, then grew by 10 bps to 7.65% in 2025, then decreased by 4 bps to 7.36% in 2026.
  • The last three Return on Capital Employed figures came in at 7.36% (Q1 2026), 7.65% (Q4 2025), and 7.67% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Abbott Laboratories 154.42 Bn 147.76 Bn 6.27 Bn 9.61%
2 Stryker 118.12 Bn 115.25 Bn 3.81 Bn 12.24%
3 Medtronic 101.72 Bn 93.55 Bn 5.76 Bn 7.36%
4 Boston Scientific 67.19 Bn 65.98 Bn 3.61 Bn 9.62%
5 Edwards Lifesciences 50.69 Bn 47.02 Bn 1.29 Bn 11.13%
6 Koninklijke Philips 29.38 Bn 26.07 Bn 2.07 Bn 10.45%
7 Dexcom 28.09 Bn 26.97 Bn 750.30 Mn 24.24%
8 GE HealthCare Technologies 28.08 Bn 26.02 Bn 1.98 Bn 9.30%
9 Steris 19.80 Bn 19.37 Bn 697.10 Mn 11.57%
10 Zimmer Biomet Holdings 17.18 Bn 16.77 Bn 1.51 Bn 5.88%

Historic Data

Download Data
DateValue
Jan 23, 2026 7.36%
Oct 24, 2025 7.65%
Jul 25, 2025 7.67%
Apr 25, 2025 7.64%
Jan 24, 2025 7.13%
Oct 25, 2024 6.96%
Jul 26, 2024 6.48%
Apr 26, 2024 6.46%
Jan 26, 2024 7.01%
Oct 27, 2023 6.89%
Jul 28, 2023 6.88%
Apr 28, 2023 6.57%
Jan 27, 2023 7.05%
Oct 28, 2022 7.60%
Jul 29, 2022 7.88%
Apr 29, 2022 7.28%
Jan 28, 2022 6.86%
Oct 29, 2021 6.32%
Jul 30, 2021 5.52%
Apr 30, 2021 5.17%