Medtronic (MDT) Return on Capital Employed (2015 - 2026)
Medtronic (MDT) posted Return on Capital Employed of 8.02% for Q2 2026, up 9.0% sequentially from 7.36% in Q1 2026, and up 39.0% YoY from 5.77% in Q2 2025.
Medtronic (MDT) Return on Capital Employed (2015 - 2026) Analysis & Trends
Medtronic has reported Return on Capital Employed for 12 years, with the latest figure at 8.02% in Q2 2026.
- Quarterly Return on Capital Employed rose 39.0% year-over-year to 8.02% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 8.02% (up 39.0% YoY) and the FY2026 annual result came in at 8.01%, up 37.0% from the prior year.
- Return on Capital Employed advanced to 8.02% in Q2 2026 per MDT's latest filing, from 7.36% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 8.02% in Q2 2026 and troughed at 6.46% in Q2 2024.
- A 5-year average of 7.19% and a median of 7.09% in 2023 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed surged 306 bps in 2022, then tumbled 100 bps in 2023.
- Over 5 years, Return on Capital Employed stood at 7.6% in 2022, then slipped by 9 bps to 6.89% in 2023, then rose by 1 bps to 6.96% in 2024, then rose by 10 bps to 7.65% in 2025, then advanced by 5 bps to 8.02% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 8.02%, 7.36%, and 7.65% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.49 Bn | 193.88 Bn | 7.27 Bn | 7.98% |
| 2 | Stryker | 127.80 Bn | 124.32 Bn | 4.50 Bn | 13.69% |
| 3 | Medtronic | 118.98 Bn | 109.76 Bn | 6.41 Bn | 8.02% |
| 4 | Boston Scientific | 73.58 Bn | 73.04 Bn | 3.85 Bn | 10.83% |
| 5 | Edwards Lifesciences | 51.93 Bn | 47.68 Bn | 1.35 Bn | 11.99% |
| 6 | Dexcom | 34.34 Bn | 32.39 Bn | 830.00 Mn | 27.21% |
| 7 | GE HealthCare Technologies | 33.76 Bn | 31.66 Bn | 2.18 Bn | 9.47% |
| 8 | Koninklijke Philips | 26.37 Bn | 23.05 Bn | 4.55 Bn | 12.84% |
| 9 | Steris | 23.07 Bn | 22.59 Bn | 684.20 Mn | 12.08% |
| 10 | Zimmer Biomet Holdings | 19.23 Bn | 18.82 Bn | 1.54 Bn | 6.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | 8.02% |
| 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% |