Intangibles (Net)
Medtronic Intangibles (Net) decreased by 4.0% to $10.34B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 15.2%, from $12.18B to $10.34B. Over 4 years (FY 2021 to FY 2025), Intangibles (Net) shows a downward trend with a -9.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
A high value suggests a strong portfolio of intellectual property, while a decline may indicate the expiration of key patents or amortization of assets.
Detailed definition
This includes identifiable non-physical assets such as patents, trademarks, intellectual property, and customer lists, n...
Peer comparison
Intangible assets are a primary value driver for R&D-heavy medical device companies compared to traditional manufacturing firms.
intangible_assets_netHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $17.74B | $16.89B | $16.52B | $16.08B | $15.6B | $15.78B | $15.66B | $15.27B | $14.84B | $14.43B | $14.06B | $13.69B | $13.23B | $12.82B | $12.42B | $12.18B | $11.67B | $11.22B | $10.77B | $10.34B |
| QoQ Change | — | -4.8% | -2.2% | -2.7% | -3.0% | +1.2% | -0.8% | -2.5% | -2.8% | -2.8% | -2.6% | -2.6% | -3.4% | -3.1% | -3.1% | -1.9% | -4.2% | -3.8% | -4.0% | -4.0% |
| YoY Change | — | — | — | — | -12.1% | -6.6% | -5.3% | -5.1% | -4.8% | -8.5% | -10.2% | -10.3% | -10.9% | -11.2% | -11.6% | -11.0% | -11.8% | -12.5% | -13.3% | -15.2% |
Intangibles (Net) at Other Companies
Frequently Asked Questions
- What is Medtronic's intangibles (net)?
- Medtronic (MDT) reported intangibles (net) of $10.34B in Q4 2025.
- How has Medtronic's intangibles (net) changed year-over-year?
- Medtronic's intangibles (net) decreased by 15.2% year-over-year, from $12.18B to $10.34B.
- What is the long-term trend for Medtronic's intangibles (net)?
- Over 4 years (2021 to 2025), Medtronic's intangibles (net) has grown at a -9.9% compound annual growth rate (CAGR), from $17.74B to $11.67B.
- What does intangibles (net) mean?
- The net value of non-physical assets like patents and intellectual property.