Medtronic (MDT) Return on Capital Employed [ROCE] (2015 - 2026)
Medtronic (MDT) reported Return on Capital Employed [ROCE] of 8.34% for fiscal Q1 2027 (quarter ended Jul 31, 2026), up 0.67 percentage points from 7.67% a year earlier and up 0.32 percentage points from the prior quarter.
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Analysis
Medtronic (MDT) Return on Capital Employed [ROCE] (2015 - 2026) Analysis & Trends
For FY2026 (ended Apr 24, 2026), Medtronic posted Return on Capital Employed [ROCE] of 8.01%, up 0.37 percentage points from FY2025.
- Return on Capital Employed [ROCE] has a five-year change of +2.64 percentage points (FY2021 to FY2026).
- By fiscal year, Return on Capital Employed [ROCE] came in at 7.64% in FY2025 (+1.18 pp), 6.46% in FY2024 (-0.24 pp), 6.70% in FY2023 (-0.53 pp) and 7.22% in FY2022 (+1.84 pp).
- The fiscal Q1 2027 figure ranks as the highest quarterly Return on Capital Employed [ROCE] since fiscal Q4 2015.
- Year over year, Return on Capital Employed [ROCE] has now increased in each of the last eight quarters, with an average year-over-year change of +0.57 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was fiscal Q3 2022 (a gain of 3.06 percentage points); the low point was fiscal Q1 2024 (a drop of 1.00 percentage points).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at 8.02% (Q4 2026), 7.36% (Q3 2026) and 7.65% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 259.20 Bn | 235.84 Bn | 5.13 Bn | 8.51% |
| 2 | Abbott Laboratories | 185.80 Bn | 160.26 Bn | 7.39 Bn | 7.18% |
| 3 | Danaher | 162.11 Bn | 141.76 Bn | 3.84 Bn | 6.23% |
| 4 | Intuitive Surgical | 155.35 Bn | 135.64 Bn | 2.08 Bn | 18.68% |
| 5 | Medtronic | 131.92 Bn | 97.43 Bn | 6.34 Bn | 13.86% |
| 6 | Stryker | 119.74 Bn | 105.93 Bn | 4.25 Bn | 13.22% |
| 7 | Boston Scientific | 64.30 Bn | 59.73 Bn | 3.43 Bn | 9.99% |
| 8 | Edwards Lifesciences | 61.64 Bn | 44.85 Bn | 1.35 Bn | 11.59% |
| 9 | Agilent Technologies | 48.79 Bn | 41.68 Bn | 1.04 Bn | 14.60% |
| 10 | GE HealthCare Technologies | 37.32 Bn | 25.55 Bn | 2.22 Bn | 9.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 13.86% |
| Oct 24, 2025 | 12.15% |
| Oct 25, 2024 | 12.48% |
| Oct 27, 2023 | 12.09% |
| Oct 28, 2022 | 11.12% |
| Oct 29, 2021 | 9.70% |
| Oct 30, 2020 | 9.88% |
| Jul 31, 2020 | 10.87% |
| Oct 25, 2019 | 7.62% |
| Jul 26, 2019 | 7.58% |
| Oct 26, 2018 | 8.20% |
| Jul 27, 2018 | 7.91% |
| Oct 27, 2017 | 11.54% |
| Oct 28, 2016 | 8.88% |
| Jul 29, 2016 | 8.56% |
| Oct 30, 2015 | 6.85% |
| Jul 31, 2015 | 6.48% |
API Access
Medtronic Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "MDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();