What is Medtronic's raw materials?

Medtronic (MDT) reported raw materials of $1.23B in Q4 2025.

How has Medtronic's raw materials changed year-over-year?

Medtronic's raw materials increased by 13.1% year-over-year, from $1.09B to $1.23B.

What is the long-term trend for Medtronic's raw materials?

Over 4 years (2021 to 2025), Medtronic's raw materials has grown at a 4.6% compound annual growth rate (CAGR), from $796M to $953M.

Current Assets

Raw materials

Medtronic Raw materials increased by 11.2% to $1.23B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 13.1%, from $1.09B to $1.23B. Over 4 years (FY 2021 to FY 2025), Raw materials shows an upward trend with a 4.6% CAGR.

Analysis

StatementBalance Sheet Statement

SectionCurrent Assets

First reportedQ4 2015

Last reportedQ3 2026Feb 24, 2026

Parent metricInventories

Metric ID: inv_raw_materials

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	$796M	$802M	$819M	$830M	$864M	$926M	$969M	$1.03B	$1.06B	$1.13B	$1.15B	$1.14B	$907M	$986M	$1.02B	$1.09B	$953M	$1.07B	$1.11B	$1.23B
QoQ Change	—	+0.8%	+2.1%	+1.3%	+4.1%	+7.2%	+4.6%	+6.6%	+2.9%	+6.3%	+1.5%	-0.7%	-20.4%	+8.7%	+3.7%	+6.6%	-12.5%	+12.5%	+3.4%	+11.2%
YoY Change	—	—	—	—	+8.5%	+15.5%	+18.3%	+24.5%	+23.0%	+22.0%	+18.4%	+10.3%	-14.7%	-12.7%	-10.9%	-4.4%	+5.1%	+8.7%	+8.4%	+13.1%
% of Inventories	18.5%	18.7%	18.8%	18.4%	18.7%	19.3%	19.2%	19.2%	20.1%	19.9%	19.9%	19.9%	17.4%	18.2%	18.7%	19.4%	17.4%	18.2%	18.0%	19.5%
Share Change	—	+0.2pp	+0.1pp	-0.4pp	+0.3pp	+0.5pp	-0.1pp	+0.0pp	+0.9pp	-0.1pp	-0.0pp	-0.0pp	-2.5pp	+0.8pp	+0.4pp	+0.8pp	-2.0pp	+0.8pp	-0.2pp	+1.5pp

Range$796M – $1.23B

CAGR+9.6%

Avg YoY Growth+8.3%

Median YoY Growth+9.5%

Current Streak3 quarters growth

Raw materials at Other Companies

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Intuitive SurgicalISRG View metric

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Frequently Asked Questions

What is Medtronic's raw materials?: Medtronic (MDT) reported raw materials of $1.23B in Q4 2025.
How has Medtronic's raw materials changed year-over-year?: Medtronic's raw materials increased by 13.1% year-over-year, from $1.09B to $1.23B.
What is the long-term trend for Medtronic's raw materials?: Over 4 years (2021 to 2025), Medtronic's raw materials has grown at a 4.6% compound annual growth rate (CAGR), from $796M to $953M.