What is Medtronic's finished goods?

Medtronic (MDT) reported finished goods of $4.19B in Q4 2025.

How has Medtronic's finished goods changed year-over-year?

Medtronic's finished goods increased by 12.1% year-over-year, from $3.74B to $4.19B.

What is the long-term trend for Medtronic's finished goods?

Over 4 years (2021 to 2025), Medtronic's finished goods has grown at a 6.8% compound annual growth rate (CAGR), from $2.91B to $3.78B.

Current Assets

Finished goods

Medtronic Finished goods decreased by 0.0% to $4.19B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.1%, from $3.74B to $4.19B. Over 4 years (FY 2021 to FY 2025), Finished goods shows an upward trend with a 6.8% CAGR.

Analysis

StatementBalance Sheet Statement

SectionCurrent Assets

First reportedQ4 2015

Last reportedQ3 2026Feb 24, 2026

Parent metricInventories

Metric ID: inv_finished_goods

Historical Data

20 periods

	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	$2.91B	$2.88B	$2.91B	$3B	$3.07B	$3.15B	$3.32B	$3.55B	$3.44B	$3.72B	$3.78B	$3.8B	$3.67B	$3.73B	$3.73B	$3.74B	$3.78B	$4.02B	$4.2B	$4.19B
QoQ Change	—	-0.8%	+0.8%	+3.1%	+2.4%	+2.4%	+5.5%	+6.9%	-3.0%	+8.2%	+1.4%	+0.6%	-3.4%	+1.7%	-0.1%	+0.3%	+1.0%	+6.4%	+4.3%	-0.0%
YoY Change	—	—	—	—	+5.6%	+9.0%	+14.1%	+18.3%	+12.1%	+18.4%	+13.8%	+7.2%	+6.6%	+0.2%	-1.2%	-1.6%	+3.0%	+7.8%	+12.5%	+12.1%
% of Inventories	67.4%	67.3%	66.9%	66.4%	66.5%	65.4%	65.6%	66.0%	65.0%	65.7%	65.6%	66.3%	70.3%	68.9%	68.1%	66.7%	69.0%	68.3%	68.1%	66.5%
Share Change	—	-0.1pp	-0.4pp	-0.5pp	+0.1pp	-1.1pp	+0.2pp	+0.3pp	-1.0pp	+0.7pp	-0.1pp	+0.7pp	+4.0pp	-1.4pp	-0.9pp	-1.4pp	+2.3pp	-0.7pp	-0.2pp	-1.7pp

Range$2.88B – $4.2B

CAGR+8.0%

Avg YoY Growth+8.6%

Median YoY Growth+8.4%

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ROP

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STERISSTE View metric

Frequently Asked Questions

What is Medtronic's finished goods?: Medtronic (MDT) reported finished goods of $4.19B in Q4 2025.
How has Medtronic's finished goods changed year-over-year?: Medtronic's finished goods increased by 12.1% year-over-year, from $3.74B to $4.19B.
What is the long-term trend for Medtronic's finished goods?: Over 4 years (2021 to 2025), Medtronic's finished goods has grown at a 6.8% compound annual growth rate (CAGR), from $2.91B to $3.78B.