What are Medtronic's profit margins?

Medtronic (MDT) runs a 64.9% gross margin and a 17.0% operating margin, with a 13.0% net margin.

Where do Medtronic's ratios come from?

Every ratio is computed from Medtronic's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Medtronic MDT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q4 '26	Q3 '26	Q2 '26	Q1 '26	Q4 '25
Profitability
Gross margin	65%+0.2pp	64.9%-0.7pp	65.5%+0.2pp	65.3%0.0pp	65.3%0.0pp
Operating margin	17.8%+0.8pp	17%-0.9pp	17.9%0.0pp	17.9%+0.1pp	17.8%+1.0pp
Net margin	13.2%+0.2pp	13%-0.7pp	13.7%+0.1pp	13.6%-0.3pp	13.9%+1.1pp
Returns
Return on equity	9.8%+0.5pp	9.4%-0.4pp	9.8%+0.1pp	9.7%+0.2pp	9.5%+1.1pp
Return on invested capital	6.7%0.0pp	6.7%-0.2pp	6.9%+0.1pp	6.8%+0.2pp	6.6%+0.5pp
Efficiency
Asset turnover	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Liquidity
Current ratio	2.1×-0.4×	2.5×+0.1×	2.4×+0.4×	2×+0.2×	1.8×-0.1×
Leverage
Debt-to-equity	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×+0.1×
Net debt / EBITDA	2.9×-0.1×	3×-0.1×	3×0.0×	3×-0.1×	3.1×0.0×
Per Share
Book value per share	$38.40+1.1%	$37.99+0.6%	$37.77+1.5%	$37.21-0.1%	$37.23-3.0%
Valuation
Market capitalization	$103.96B-21.2%	$132B+13.5%	$116.33B+0.6%	$115.62B+6.9%	$108.12B-7.2%
Price / earnings	21.7×-7.0×	28.6×+4.2×	24.4×-0.4×	24.8×+1.6×	23.2×-4.1×
Price / sales	2.9×-0.9×	3.7×+0.4×	3.3×0.0×	3.4×+0.2×	3.2×-0.3×
Price / book	2.1×-0.6×	2.7×+0.3×	2.4×0.0×	2.4×+0.2×	2.3×-0.1×
EV / EBITDA	13.9×-3.5×	17.4×+1.8×	15.6×-0.1×	15.8×+0.4×	15.4×-1.8×
Dividend yield	3.5%+0.8pp	2.7%-0.4pp	3.1%0.0pp	3.1%-0.2pp	3.3%+0.2pp

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Questions, answered.

What are Medtronic's profit margins?: Medtronic (MDT) runs a 64.9% gross margin and a 17.0% operating margin, with a 13.0% net margin.
Where do Medtronic's ratios come from?: Every ratio is computed from Medtronic's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.