Medtronic (MDT) Return on Invested Capital [ROIC] (2015 - 2026)
Medtronic's Return on Invested Capital [ROIC] was 6.90% in fiscal Q1 2027 (quarter ended Jul 31, 2026), up 0.29 percentage points from 6.61% a year earlier and up 0.33 percentage points from the prior quarter.
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Analysis
Medtronic (MDT) Return on Invested Capital [ROIC] (2015 - 2026) Analysis & Trends
For FY2026 (ended Apr 24, 2026), Return on Invested Capital [ROIC] at Medtronic came in at 6.59%, up 0.06 percentage points from FY2025.
- Return on Invested Capital [ROIC] has now increased for three consecutive fiscal years, with a five-year change of +1.15 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Return on Invested Capital [ROIC] was 6.52% in FY2025 (+1.32 pp), 5.20% in FY2024 (+0.14 pp), 5.06% in FY2023 (-1.75 pp) and 6.82% in FY2022 (+1.38 pp).
- The fiscal Q1 2027 figure marks the highest quarterly Return on Invested Capital [ROIC] since fiscal Q1 2023.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for 11 straight quarters, with an average year-over-year change of +0.61 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was fiscal Q3 2022 (a gain of 2.62 percentage points); the worst was fiscal Q1 2024 (a drop of 2.29 percentage points).
- Per Business Quant data, MDT's Return on Invested Capital [ROIC] in the three fiscal quarters before Q1 2027 was 6.57% (Q4 2026), 6.48% (Q3 2026) and 6.76% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 242.18 Bn | 221.33 Bn | 4.88 Bn | 7.89% |
| 2 | Abbott Laboratories | 168.71 Bn | 139.79 Bn | 7.27 Bn | 6.20% |
| 3 | Danaher | 150.46 Bn | 134.27 Bn | 3.61 Bn | 5.71% |
| 4 | Intuitive Surgical | 138.71 Bn | 118.26 Bn | 1.96 Bn | - |
| 5 | Medtronic | 110.54 Bn | 76.41 Bn | 6.34 Bn | 6.90% |
| 6 | Stryker | 105.66 Bn | 91.78 Bn | 4.50 Bn | 10.46% |
| 7 | Boston Scientific | 61.74 Bn | 56.75 Bn | 3.85 Bn | 10.53% |
| 8 | Edwards Lifesciences | 49.09 Bn | 33.21 Bn | 1.35 Bn | 8.99% |
| 9 | Becton Dickinson | 48.16 Bn | 45.31 Bn | 2.32 Bn | 5.27% |
| 10 | Agilent Technologies | 47.29 Bn | 40.18 Bn | 1.04 Bn | 18.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 6.90% |
| Apr 24, 2026 | 6.57% |
| Jan 23, 2026 | 6.48% |
| Oct 24, 2025 | 6.76% |
| Jul 25, 2025 | 6.61% |
| Apr 25, 2025 | 6.49% |
| Jan 24, 2025 | 5.97% |
| Oct 25, 2024 | 5.93% |
| Jul 26, 2024 | 5.48% |
| Apr 26, 2024 | 5.16% |
| Jan 26, 2024 | 5.62% |
| Oct 27, 2023 | 5.52% |
| Jul 28, 2023 | 4.89% |
| Apr 28, 2023 | 4.97% |
| Jan 27, 2023 | 5.33% |
| Oct 28, 2022 | 5.84% |
| Jul 29, 2022 | 7.18% |
| Apr 29, 2022 | 6.82% |
| Jan 28, 2022 | 6.58% |
| Oct 29, 2021 | 6.32% |
API Access
Medtronic Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=MDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=MDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();