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Medtronic MDT Net margin

Net margin at other companies

Abbott logo
AbbottABT
13.9%-18.0pp
Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
5.3%-2.1pp
Johnson & Johnson logo
Johnson & JohnsonJNJ
21.8%-2.6pp
Stryker logo
StrykerSYK
13.2%+0.9pp
Boston Scientific logo
Boston ScientificBSX
17.3%+5.7pp
Intuitive Surgical logo
Intuitive SurgicalISRG
28.2%-0.3pp

Other financials

Income statement

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Revenue$9.8B+9.9%
Gross profit$6.4B+10.9%
Operating income$1.9B+30.4%
Net income$1.2B+17.8%
EPS (diluted)$0.97+18.3%

Balance sheet

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Cash & equivalents$1.9B-12.1%
Total debt$29.2B-1.6%
Total equity$49.5B+3.0%
Total assets$93.0B+1.5%

Cash flow

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Operating cash flow$2.6B+1.8%
CapEx$488.0M+6.3%
Free cash flow$2.1B+0.8%

Valuation

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Market cap$100.32B-3.8%
Enterprise value$127.58B-3.2%
P/E20.9×-1.5×
P/S2.8×-0.4×

Profitability

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Gross margin64.9%-0.3pp
Operating margin17%0.0pp

Returns & leverage

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Return on equity9.4%+0.3pp
Debt / equity0.6×0.0×
Current ratio2.5×+0.3×

Where this comes from

Calculated from Medtronic’s reported figures.

Based on trailing twelve months.

The official record: Medtronic’s 10-K, filed June 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Medtronic's net margin?
Medtronic (MDT) reported net margin of 13.2% in Q1 2026.
How has Medtronic's net margin changed year-over-year?
Medtronic's net margin decreased by 5.0% year-over-year, from 13.9% to 13.2%.
What is the long-term trend for Medtronic's net margin?
Over 5 years (2021 to 2026), Medtronic's net margin has grown at a 1.0% compound annual growth rate (CAGR), from 50.8% to 53.5%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.