Current Assets
Inventories
Medtronic Inventories increased by 2.5% to $6.31B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.5%, from $5.61B to $6.31B. Over 4 years (FY 2021 to FY 2025), Inventories shows an upward trend with a 6.2% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ1 2014
Last reportedQ3 2026Feb 24, 2026
How to read this metric
An increase relative to sales may indicate slowing demand or supply chain inefficiencies, while a decrease may suggest strong sales or potential stock-out risks.
Detailed definition
This includes the value of raw materials, work-in-progress, and finished medical devices held for sale. It represents th...
Peer comparison
Inventory turnover is a critical benchmark for medical device peers to manage product shelf-life and supply chain costs.
Metric ID:
inventoriesHistorical 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 | $4.31B | $4.29B | $4.35B | $4.51B | $4.62B | $4.81B | $5.06B | $5.38B | $5.29B | $5.67B | $5.75B | $5.73B | $5.22B | $5.41B | $5.48B | $5.61B | $5.48B | $5.89B | $6.16B | $6.31B |
| QoQ Change | — | -0.6% | +1.4% | +3.8% | +2.3% | +4.2% | +5.1% | +6.3% | -1.5% | +7.1% | +1.5% | -0.5% | -8.9% | +3.8% | +1.2% | +2.4% | -2.4% | +7.5% | +4.6% | +2.5% |
| YoY Change | — | — | — | — | +7.0% | +12.2% | +16.2% | +19.1% | +14.7% | +17.9% | +13.8% | +6.5% | -1.4% | -4.5% | -4.8% | -2.0% | +5.0% | +8.7% | +12.4% | +12.5% |
Range$4.29B – $6.31B
CAGR+8.3%
Avg YoY Growth+8.3%
Median YoY Growth+10.4%
Current Streak3 quarters growth
Inventories at Other Companies
Frequently Asked Questions
- What is Medtronic's inventories?
- Medtronic (MDT) reported inventories of $6.31B in Q4 2025.
- How has Medtronic's inventories changed year-over-year?
- Medtronic's inventories increased by 12.5% year-over-year, from $5.61B to $6.31B.
- What is the long-term trend for Medtronic's inventories?
- Over 4 years (2021 to 2025), Medtronic's inventories has grown at a 6.2% compound annual growth rate (CAGR), from $4.31B to $5.48B.
- What does inventories mean?
- The total value of all goods held for production or sale.