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| 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% |