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

Medtronic (MDT) reported Return on Capital Employed of 8.02% for Q2 2026, up 39.0% on a YoY basis from 5.77% in Q2 2025, and up 9.0% sequentially from 7.36% in Q1 2026.

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

Medtronic (MDT) has 12 years of Return on Capital Employed data on file, last reported at 8.02% in Q2 2026.

  • For the quarter ending Q2 2026, Return on Capital Employed rose 39.0% year-over-year to 8.02%; the trailing twelve-month figure through Apr 2026 stood at 8.02% (up 39.0% YoY), and the FY2026 full-year result was 8.01%, up 37.0% from the prior year.
  • Return on Capital Employed advanced to 8.02% in Q2 2026, from 7.36% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 8.02% in Q2 2026 to a low of 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.
  • Across the five-year window, Return on Capital Employed soared 306 bps in 2022 and sank 100 bps in 2023, its largest moves.
  • Tracing MDT's Return on Capital Employed over 5 years: stood at 7.6% in 2022, then fell by 9 bps to 6.89% in 2023, then climbed by 1 bps to 6.96% in 2024, then climbed by 10 bps to 7.65% in 2025, then increased by 5 bps to 8.02% in 2026.
  • Business Quant data shows MDT's Return on Capital Employed at 8.02% in Q2 2026, 7.36% in Q1 2026, and 7.65% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Abbott Laboratories 201.40 Bn 194.75 Bn 6.27 Bn 9.61%
2 Stryker 122.29 Bn 119.41 Bn 3.81 Bn 12.24%
3 Medtronic 105.01 Bn 96.40 Bn 6.41 Bn 8.02%
4 Boston Scientific 64.81 Bn 63.59 Bn 3.61 Bn 9.62%
5 Edwards Lifesciences 55.28 Bn 51.60 Bn 1.29 Bn 11.13%
6 Dexcom 29.06 Bn 27.94 Bn 750.30 Mn 24.24%
7 Koninklijke Philips 29.02 Bn 25.93 Bn 2.07 Bn 8.38%
8 GE HealthCare Technologies 28.27 Bn 26.20 Bn 1.98 Bn 9.30%
9 Smith & Nephew 25.80 Bn 25.22 Bn - -
10 Steris 20.59 Bn 20.16 Bn 697.10 Mn 11.57%

Historic Data

Download Data
DateValue
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%