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Medtronic MDT Price / earnings

Price / earnings at other companies

Abbott logo
AbbottABT
28.4×+11.4×
Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
39.3×-4.6×
Johnson & Johnson logo
Johnson & JohnsonJNJ
28×+9.7×
Stryker logo
StrykerSYK
37.7×-12.0×
Boston Scientific logo
Boston ScientificBSX
26.2×-47.5×
Intuitive Surgical logo
Intuitive SurgicalISRG
55×-16.7×

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/S2.8×-0.4×

Profitability

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Gross margin64.9%-0.3pp
Operating margin17%0.0pp
Net margin13%-0.7pp

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 the most recent quarter.

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 price / earnings?
Medtronic (MDT) reported price / earnings of 21.7× in Q1 2026.
How has Medtronic's price / earnings changed year-over-year?
Medtronic's price / earnings decreased by 6.6% year-over-year, from 23.2× to 21.7×.
What is the long-term trend for Medtronic's price / earnings?
Over 5 years (2021 to 2026), Medtronic's price / earnings has grown at a -10.0% compound annual growth rate (CAGR), from 168.2× to 99.5×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.