Current Assets
Work in process
Medtronic Work in process increased by 3.5% to $883M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.9%, from $782M to $883M. Over 4 years (FY 2021 to FY 2025), Work in process shows an upward trend with a 5.0% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
First reportedQ4 2015
Last reportedQ3 2026Feb 24, 2026
Parent metricInventories
Metric ID:
inv_work_in_progressHistorical 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 | $611M | $602M | $622M | $687M | $682M | $739M | $769M | $797M | $789M | $816M | $833M | $788M | $642M | $696M | $728M | $782M | $744M | $792M | $853M | $883M |
| QoQ Change | — | -1.5% | +3.3% | +10.5% | -0.7% | +8.4% | +4.1% | +3.6% | -1.0% | +3.4% | +2.1% | -5.4% | -18.5% | +8.4% | +4.6% | +7.4% | -4.9% | +6.5% | +7.7% | +3.5% |
| YoY Change | — | — | — | — | +11.6% | +22.8% | +23.6% | +16.0% | +15.7% | +10.4% | +8.3% | -1.1% | -18.6% | -14.7% | -12.6% | -0.8% | +15.9% | +13.8% | +17.2% | +12.9% |
| % of Inventories | 14.2% | 14.0% | 14.3% | 15.2% | 14.8% | 15.4% | 15.2% | 14.8% | 14.9% | 14.4% | 14.5% | 13.8% | 12.3% | 12.9% | 13.3% | 13.9% | 13.6% | 13.5% | 13.9% | 14.0% |
| Share Change | — | -0.1pp | +0.3pp | +0.9pp | -0.4pp | +0.6pp | -0.2pp | -0.4pp | +0.1pp | -0.5pp | +0.1pp | -0.7pp | -1.5pp | +0.5pp | +0.4pp | +0.7pp | -0.4pp | -0.1pp | +0.4pp | +0.1pp |
Range$602M – $883M
CAGR+8.1%
Avg YoY Growth+7.5%
Median YoY Growth+12.3%
Current Streak3 quarters growth
Work in process at Other Companies
Frequently Asked Questions
- What is Medtronic's work in process?
- Medtronic (MDT) reported work in process of $883M in Q4 2025.
- How has Medtronic's work in process changed year-over-year?
- Medtronic's work in process increased by 12.9% year-over-year, from $782M to $883M.
- What is the long-term trend for Medtronic's work in process?
- Over 4 years (2021 to 2025), Medtronic's work in process has grown at a 5.0% compound annual growth rate (CAGR), from $611M to $744M.