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Medtronic MDT Gross margin

Gross margin at other companies

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56.6%+0.6pp
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38.2%-3.0pp
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Johnson & JohnsonJNJ
67.9%0.0pp
Stryker logo
StrykerSYK
65%+0.8pp
Artivion logo
ArtivionAORT
64.6%+0.6pp
CONMED logo
CONMEDCNMD
55.8%-0.3pp

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%
Free cash flow$2.1B+0.8%

Valuation

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Market cap$109.3B-4.8%
Enterprise value$136.56B-4.0%
P/E22.8×-1.9×
P/S-0.4×

Profitability

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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.

Based on trailing twelve months.

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 gross margin?
Medtronic (MDT) reported gross margin of 65% in Q1 2026.
How has Medtronic's gross margin changed year-over-year?
Medtronic's gross margin decreased by 0.5% year-over-year, from 65.3% to 65%.
What is the long-term trend for Medtronic's gross margin?
Over 5 years (2021 to 2026), Medtronic's gross margin has grown at a -0.1% compound annual growth rate (CAGR), from 65.2% to 65%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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