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Medtronic MDT Free cash flow

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Other financials

Income statement

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Revenue$9.8B+9.9%
Gross profit$6.4B+10.9%
Operating income$1.9B+30.4%
Net income$1.2B+17.8%
EPS (diluted)$0.97+18.3%

Balance sheet

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Cash & equivalents$1.9B-12.1%
Total debt$29.2B-1.6%
Total equity$49.5B+3.0%
Total assets$93.0B+1.5%

Cash flow

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Operating cash flow$2.6B+1.8%
CapEx$488.0M+6.3%

Valuation

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Market cap$117.78B-0.2%
Enterprise value$145.04B-0.3%
P/E24.5×-0.8×
P/S3.2×-0.2×

Profitability

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Gross margin65%-0.3pp
Operating margin17.8%0.0pp
Net margin13.2%-0.7pp
FCF margin14.9%-0.5pp

Returns & leverage

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Return on equity9.8%+0.4pp
Debt / equity0.6×0.0×
Current ratio2.1×+0.3×

Where this comes from

Calculated from Medtronic’s reported figures.

The source filing: Medtronic’s 10-K, filed June 18, 2026. Open the filing →

Filed
Jun 18, 2026, 4:27 PM EDT
Fiscal year
FY2026
Accession
0001628280-26-044354

FAQ

What is Medtronic's free cash flow?
Medtronic (MDT) reported free cash flow of $2.09B in Q1 2026.
How has Medtronic's free cash flow changed year-over-year?
Medtronic's free cash flow increased by 0.8% year-over-year, from $2.07B to $2.09B.
What is the long-term trend for Medtronic's free cash flow?
Over 4 years (2022 to 2026), Medtronic's free cash flow has grown at a -2.4% compound annual growth rate (CAGR), from $5.98B to $5.43B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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