Medtronic reported a gross margin of 64.99% and a net margin of 15.17% for the quarter ended Jul 2026. These financial ratios cover 50 quarters of results from Apr 2014 through Jul 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Apr2014 | Jul2014 | Oct2014 | Jan2015 | Apr2015 | Jul2015 | Oct2015 | Jan2016 | Apr2016 | Jul2016 | Oct2016 | Jan2017 | Apr2017 | Jul2017 | Oct2017 | Jan2018 | Apr2018 | Jul2018 | Oct2018 | Jan2019 | Apr2019 | Jul2019 | Oct2019 | Jan2020 | Apr2020 | Jul2020 | Oct2020 | Jan2021 | Apr2021 | Jul2021 | Oct2021 | Jan2022 | Apr2022 | Jul2022 | Oct2022 | Jan2023 | Apr2023 | Jul2023 | Oct2023 | Jan2024 | Apr2024 | Jul2024 | Oct2024 | Jan2025 | Apr2025 | Jul2025 | Oct2025 | Jan2026 | Apr2026 | Jul2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross Margin | 68.18% | 68.32% | 67.97% | 65.87% | 66.58% | 65.20% | 65.14% | 65.88% | 65.42% | 65.61% | 64.56% | 65.12% | 64.94% | 66.49% | 64.75% | 65.02% | 65.84% | 63.83% | 65.35% | 64.99% | ||||||||||||||||||||||||||||||
| EBT Margin | 19.03% | 20.47% | 19.80% | 14.16% | 18.39% | 17.79% | 18.15% | 15.53% | 16.45% | 18.20% | 9.95% | 16.02% | 18.55% | 18.57% | 14.13% | 15.18% | 17.82% | 15.57% | 18.70% | 18.13% | ||||||||||||||||||||||||||||||
| EBIT Margin | 19.92% | 21.37% | 20.66% | 15.26% | 18.51% | 18.01% | 18.31% | 16.46% | 16.78% | 18.33% | 12.26% | 16.15% | 18.98% | 19.85% | 16.09% | 16.85% | 18.81% | 16.24% | 19.10% | 18.08% | ||||||||||||||||||||||||||||||
| EBITDA Margin | 19.92% | 21.37% | 20.66% | 15.26% | 18.51% | 18.01% | 18.31% | 16.46% | 16.78% | 18.33% | 12.26% | 16.15% | 18.98% | 19.85% | 16.09% | 16.85% | 18.81% | 16.24% | 19.10% | 18.08% | ||||||||||||||||||||||||||||||
| Operating Margin | 19.92% | 21.37% | 20.66% | 15.26% | 18.51% | 18.01% | 18.31% | 16.46% | 16.78% | 18.33% | 12.26% | 16.15% | 18.98% | 19.85% | 16.09% | 16.85% | 18.81% | 16.24% | 19.10% | 18.08% | ||||||||||||||||||||||||||||||
| Net Margin | 16.78% | 19.10% | 18.44% | 12.64% | 5.75% | 15.91% | 13.91% | 10.33% | 11.41% | 16.53% | 7.66% | 13.24% | 15.21% | 15.71% | 11.90% | 12.21% | 15.42% | 12.75% | 12.84% | 15.17% | ||||||||||||||||||||||||||||||
| FCF Margin | 19.09% | 24.45% | 20.62% | 8.91% | 7.90% | 16.07% | 24.37% | 6.76% | 2.51% | 26.31% | 27.37% | 5.89% | 6.59% | 25.28% | 23.18% | 6.81% | 5.10% | 25.51% | 21.26% | 13.22% | ||||||||||||||||||||||||||||||
| Efficiency | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory AverageInventory Avg. | 4.32B | 4.43B | 4.57B | 4.71B | 4.93B | 5.21B | 5.33B | 5.48B | 5.71B | 5.74B | 5.47B | 5.32B | 5.45B | 5.54B | 5.54B | 5.68B | 6.02B | 6.23B | 6.13B | 6.08B | ||||||||||||||||||||||||||||||
| Assets AverageAssets Avg. | 91.78B | 91.78B | 91.39B | 90.45B | 91.58B | 93.69B | 92.54B | 90.86B | 90.43B | 90.46B | 90.41B | 89.86B | 89.90B | 90.01B | 90.83B | 91.33B | 91.16B | 91.42B | 92.26B | 93.17B | ||||||||||||||||||||||||||||||
| Equity AverageEquity Avg. | 51.91B | 52.44B | 52.72B | 52.78B | 52.45B | 51.84B | 51.64B | 51.52B | 51.51B | 51.82B | 51.21B | 49.29B | 48.44B | 49.17B | 48.94B | 48.19B | 48.49B | 49.03B | 49.63B | 50.46B | ||||||||||||||||||||||||||||||
| Invested CapitalInvested Cap. | 77.78B | 77.87B | 76.84B | 76.05B | 78.67B | 79.75B | 76.03B | 76.35B | 76.73B | 77.18B | 75.44B | 76.03B | 77.04B | 76.22B | 76.77B | 76.74B | 77.96B | 77.27B | 78.03B | 79.00B | ||||||||||||||||||||||||||||||
| Asset Utilization RatioAsset Util. | 0.35 | 0.35 | 0.35 | 0.34 | 0.34 | 0.33 | 0.34 | 0.35 | 0.35 | 0.36 | 0.36 | 0.36 | 0.37 | 0.37 | 0.37 | 0.37 | 0.38 | 0.39 | 0.39 | 0.40 | ||||||||||||||||||||||||||||||
| Leverage & Solvency | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 11.49 | 12.11 | 11.69 | 6.86 | 11.90 | 8.34 | 8.37 | 8.57 | 7.44 | 7.89 | 5.21 | 7.65 | 7.63 | 9.20 | 8.25 | 8.21 | 9.31 | 8.09 | 10.64 | 9.48 | ||||||||||||||||||||||||||||||
| Debt Ratio | 0.28 | 0.27 | 0.27 | 0.26 | 0.29 | 0.30 | 0.27 | 0.28 | 0.28 | 0.28 | 0.28 | 0.31 | 0.31 | 0.30 | 0.31 | 0.31 | 0.32 | 0.31 | 0.30 | 0.30 | ||||||||||||||||||||||||||||||
| Times Interest Earned | 11.49 | 12.11 | 11.69 | 6.86 | 11.90 | 8.34 | 8.37 | 8.57 | 7.44 | 7.89 | 5.21 | 7.65 | 7.63 | 9.20 | 8.25 | 8.21 | 9.31 | 8.09 | 10.64 | 9.48 | ||||||||||||||||||||||||||||||
| Dividends & Payouts | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | 1.55 | 1.75 | 1.77 | 1.03 | 0.48 | 1.36 | 1.31 | 0.87 | 0.99 | 1.46 | 0.72 | 1.17 | 1.42 | 1.45 | 1.18 | 1.15 | 1.52 | 1.26 | 1.39 | 1.61 | ||||||||||||||||||||||||||||||
| FCF Payout RatioFCF Cover | 0.57 | 0.45 | 0.51 | 1.37 | 1.51 | 0.73 | 0.43 | 1.76 | 4.59 | 0.43 | 0.39 | 1.93 | 1.62 | 0.43 | 0.43 | 1.56 | 1.99 | 0.40 | 0.44 | 0.71 | ||||||||||||||||||||||||||||||
| Dividend YieldDiv. Yield | 2.02% | 2.40% | 2.44% | 2.80% | 3.03% | 3.23% | 2.99% | 3.09% | 3.95% | 3.18% | 3.51% | 3.61% | 3.12% | 3.11% | 3.33% | 3.02% | 3.01% | 2.80% | 3.41% | 3.34% | ||||||||||||||||||||||||||||||
| Payout Ratio | 0.69 | 0.67 | 0.67 | 0.66 | 0.81 | 0.87 | 0.96 | 0.99 | 0.88 | 0.86 | 0.99 | 0.92 | 0.84 | 0.84 | 0.77 | 0.77 | 0.75 | 0.78 | 0.75 | 0.69 | ||||||||||||||||||||||||||||||
| Valuation | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Price to EarningsP/E | 34.07 | 28.06 | 27.44 | 23.54 | 26.59 | 26.87 | 31.97 | 32.17 | 22.39 | 27.18 | 28.25 | 25.53 | 26.89 | 27.00 | 23.00 | 25.40 | 25.05 | 27.90 | 22.05 | 20.74 | ||||||||||||||||||||||||||||||
| Price to SalesP/S | 5.07 | 4.36 | 4.38 | 3.96 | 3.75 | 3.57 | 3.88 | 3.72 | 2.89 | 3.56 | 3.23 | 3.10 | 3.52 | 3.49 | 3.22 | 3.48 | 3.45 | 3.65 | 2.93 | 2.91 | ||||||||||||||||||||||||||||||
| Price to BookP/B | 3.09 | 2.63 | 2.63 | 2.33 | 2.22 | 2.13 | 2.34 | 2.29 | 1.79 | 2.21 | 2.07 | 2.10 | 2.38 | 2.33 | 2.24 | 2.48 | 2.46 | 2.63 | 2.13 | 2.15 | ||||||||||||||||||||||||||||||
| Enterprise Value | 150.69B | 127.41B | 128.47B | 114.28B | 104.23B | 98.90B | 113.26B | 109.73B | 84.81B | 106.95B | 96.77B | 93.30B | 108.42B | 108.04B | 99.15B | 111.26B | 111.96B | 121.29B | 98.05B | 101.13B | ||||||||||||||||||||||||||||||
| EV to EBIT | 28.41 | 22.41 | 22.34 | 18.99 | 17.79 | 17.69 | 20.65 | 19.49 | 15.24 | 18.91 | 18.81 | 18.10 | 20.04 | 19.39 | 16.65 | 18.17 | 18.02 | 20.11 | 15.16 | 14.90 | ||||||||||||||||||||||||||||||
| EV to EBITDA | 28.41 | 22.41 | 22.34 | 18.99 | 17.79 | 17.69 | 20.65 | 19.49 | 15.24 | 18.91 | 18.81 | 18.10 | 20.04 | 19.39 | 16.65 | 18.17 | 18.02 | 20.11 | 15.16 | 14.90 | ||||||||||||||||||||||||||||||
| Market Capitalization | 161.20B | 138.46B | 138.88B | 122.98B | 115.48B | 109.86B | 121.04B | 117.42B | 92.35B | 115.07B | 104.57B | 100.93B | 116.19B | 115.74B | 107.89B | 119.14B | 120.08B | 129.47B | 106.66B | 109.33B | ||||||||||||||||||||||||||||||
| Price to FCFP/FCF | 27.92 | 24.39 | 23.23 | 21.50 | 23.95 | 26.37 | 26.43 | 26.42 | 22.83 | 23.34 | 20.11 | 19.62 | 21.13 | 21.17 | 20.81 | 22.47 | 23.07 | 23.93 | 19.66 | 17.83 | ||||||||||||||||||||||||||||||
| EV to FCF | 26.10 | 22.44 | 21.49 | 19.98 | 21.62 | 23.74 | 24.73 | 24.69 | 20.97 | 21.69 | 18.61 | 18.13 | 19.72 | 19.76 | 19.12 | 20.98 | 21.51 | 22.42 | 18.07 | 16.49 | ||||||||||||||||||||||||||||||
| EV to CFO | 21.04 | 18.11 | 17.49 | 16.01 | 16.57 | 17.55 | 18.75 | 18.82 | 15.23 | 16.53 | 14.26 | 13.53 | 15.07 | 14.81 | 14.08 | 15.57 | 15.74 | 16.65 | 13.38 | 12.59 | ||||||||||||||||||||||||||||||
| Return Ratios | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | 19.92% | 21.37% | 20.66% | 15.26% | 18.51% | 18.01% | 18.31% | 16.46% | 16.78% | 18.33% | 12.26% | 16.15% | 18.98% | 19.85% | 16.09% | 16.85% | 18.81% | 16.24% | 19.10% | 18.08% | ||||||||||||||||||||||||||||||
| Return on Capital Employed [ROCE]ROCE | 6.32% | 6.86% | 7.28% | 7.88% | 7.60% | 7.05% | 6.57% | 6.88% | 6.89% | 7.01% | 6.46% | 6.48% | 6.96% | 7.13% | 7.64% | 7.67% | 7.65% | 7.36% | 8.02% | 8.34% | ||||||||||||||||||||||||||||||
| Return on Invested Capital [ROIC]ROIC | 6.32% | 6.58% | 6.82% | 7.18% | 5.84% | 5.33% | 4.97% | 4.89% | 5.52% | 5.62% | 5.16% | 5.48% | 5.93% | 5.97% | 6.49% | 6.61% | 6.76% | 6.48% | 6.57% | 6.90% | ||||||||||||||||||||||||||||||
| Return on Assets [ROA]ROA | 5.15% | 5.38% | 5.54% | 5.78% | 4.74% | 4.36% | 4.09% | 4.02% | 4.56% | 4.68% | 4.09% | 4.40% | 4.81% | 4.76% | 5.16% | 5.14% | 5.26% | 5.08% | 5.24% | 5.66% | ||||||||||||||||||||||||||||||
| Return on Equity [ROE]ROE | 9.11% | 9.41% | 9.60% | 9.90% | 8.28% | 7.89% | 7.33% | 7.09% | 8.01% | 8.17% | 7.23% | 8.02% | 8.92% | 8.72% | 9.59% | 9.73% | 9.89% | 9.47% | 9.75% | 10.45% |