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| 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% |