Medtronic (MDT) Return on Capital Employed (2015 - 2026)
Medtronic recorded quarterly Return on Capital Employed of 7.36% in Q1 2026, down 3.75% quarter-over-quarter from 7.65% in Q4 2025, and up 23.0% year-over-year from 5.99% in Q1 2025.
Medtronic's Return on Capital Employed history runs 12 years deep, the most recent figure standing at 7.36% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 23.0% year-over-year to 7.36%; the TTM figure through Jan 2026 stood at 7.36% (up 23.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 7.14% and a median of 7.05% in 2023 frame the typical range for Return on Capital Employed.
- Across the five-year window, Return on Capital Employed jumped 306 bps in 2022 and slumped 100 bps in 2023, its largest moves.
- Medtronic's Return on Capital Employed stood at 7.6% in 2022, then decreased by 9 bps to 6.89% in 2023, then increased by 1 bps to 6.96% in 2024, then increased by 10 bps to 7.65% in 2025, then slipped by 4 bps to 7.36% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 7.36%, 7.65%, and 7.67% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 9.61% |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 12.24% |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 7.36% |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 9.62% |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 11.13% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 7.62% |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 24.24% |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 9.30% |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 11.57% |
| 10 | Zimmer Biomet Holdings | 16.17 Bn | 15.75 Bn | 1.51 Bn | 5.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jan 29, 2021 | 3.80% |
| Oct 30, 2020 | 4.30% |
| Jul 31, 2020 | 5.02% |
| Apr 24, 2020 | 5.89% |
| Jan 24, 2020 | 7.72% |
| Oct 25, 2019 | 7.62% |
| Jul 26, 2019 | 7.95% |
| Apr 26, 2019 | 7.76% |
| Jan 25, 2019 | 7.85% |
| Oct 26, 2018 | 7.63% |
| Jul 27, 2018 | 7.97% |
| Apr 27, 2018 | 7.95% |
| Jan 26, 2018 | 7.60% |
| Oct 27, 2017 | 7.03% |
| Jul 28, 2017 | 6.59% |
| Apr 28, 2017 | 6.37% |
| Jan 27, 2017 | 6.18% |
| Oct 28, 2016 | 6.17% |
| Jul 29, 2016 | 5.92% |
| Apr 29, 2016 | 5.70% |
| Jan 29, 2016 | 4.35% |
| Oct 30, 2015 | 4.22% |
| Jul 31, 2015 | 3.89% |
| Apr 24, 2015 | 8.53% |