What is Medtronic's gross profit?

Medtronic (MDT) reported gross profit of $6.41B in Q1 2026.

How has Medtronic's gross profit changed year-over-year?

Medtronic's gross profit increased by 10.9% year-over-year, from $5.78B to $6.41B.

What is the long-term trend for Medtronic's gross profit?

Over 5 years (2021 to 2026), Medtronic's gross profit has grown at a 3.8% compound annual growth rate (CAGR), from $19.63B to $23.64B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Medtronic MDT Gross Profit

Gross Profit at other companies

AbbottABT

$6.27B+6.5%

Becton, Dickinson and CompanyBDX

$2.15B+15.7%

TFX

TeleflexTFX

$307.43M+20.4%

Johnson & JohnsonJNJ

$15.96B+9.8%

StrykerSYK

$3.81B+1.8%

CONMEDCNMD

$183.45M+3.2%

Other financials

Income statement

See full

Revenue$9.8B+9.9%

Operating income$1.9B+30.4%

Net income$1.2B+17.8%

EPS (diluted)$0.97+18.3%

Balance sheet

See full

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

See full

Operating cash flow$2.6B+1.8%

CapEx$488.0M+6.3%

Free cash flow$2.1B+0.8%

Valuation

See full

Market cap$103.07B-6.9%

Enterprise value$130.33B-5.7%

P/E21.5×-2.3×

P/S2.8×-0.5×

Profitability

See full

Gross margin65%-0.3pp

Operating margin17.8%0.0pp

Net margin13.2%-0.7pp

FCF margin14.9%-0.5pp

Returns & leverage

See full

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.

$9.8Btotal revenue−$3.4Btotal cost of revenue=$6.41B

The official record: Medtronic’s 10-K, filed June 18, 2026, on SEC EDGAR. View the filing →

Ask your AI about Medtronic's gross profit.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Medtronic's gross profit?: Medtronic (MDT) reported gross profit of $6.41B in Q1 2026.
How has Medtronic's gross profit changed year-over-year?: Medtronic's gross profit increased by 10.9% year-over-year, from $5.78B to $6.41B.
What is the long-term trend for Medtronic's gross profit?: Over 5 years (2021 to 2026), Medtronic's gross profit has grown at a 3.8% compound annual growth rate (CAGR), from $19.63B to $23.64B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.