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Medtronic MDT Ratios & Valuation

Income StatementBalance SheetCash FlowRatiosSegments
QuarterlyAnnualTTM
YoYQoQ
SimplifiedDetailed
Q4 '26Q3 '26Q2 '26Q1 '26Q4 '25
Profitability
Gross margin65%+0.2pp64.9%-0.7pp65.5%+0.2pp65.3%0.0pp65.3%0.0pp
Operating margin17.8%+0.8pp17%-0.9pp17.9%0.0pp17.9%+0.1pp17.8%+1.0pp
Net margin13.2%+0.2pp13%-0.7pp13.7%+0.1pp13.6%-0.3pp13.9%+1.1pp
EBITDA margin25.9%+0.2pp25.7%-0.9pp26.6%0.0pp26.5%+0.2pp26.3%+1.4pp
Free cash flow margin14.9%-0.3pp15.2%+0.3pp15%-0.5pp15.5%0.0pp15.5%-1.0pp
Returns
Return on equity9.8%+0.5pp9.4%-0.4pp9.8%+0.1pp9.7%+0.2pp9.5%+1.1pp
Return on assets5.2%+0.1pp5.1%-0.2pp5.3%+0.1pp5.2%0.0pp5.1%+0.4pp
Return on invested capital6.7%0.0pp6.7%-0.2pp6.9%+0.1pp6.8%+0.2pp6.6%+0.5pp
Efficiency
Asset turnover0.4×0.0×0.4×0.0×0.4×0.0×0.4×0.0×0.4×0.0×
Inventory turnover2.2×+0.1×2.1×0.0×2.1×0.0×2.1×-0.1×2.2×+0.1×
Liquidity
Current ratio2.1×-0.4×2.5×+0.1×2.4×+0.4×2×+0.2×1.8×-0.1×
Quick ratio1.6×-0.3×1.9×+0.1×1.8×+0.3×1.5×+0.1×1.4×0.0×
Cash ratio0.2×0.0×0.1×0.0×0.1×0.0×0.1×-0.1×0.2×+0.1×
Leverage
Debt-to-equity0.6×0.0×0.6×0.0×0.6×0.0×0.6×0.0×0.6×+0.1×
Debt-to-assets0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×
Net debt / EBITDA2.9×-0.1×3×-0.1×3×0.0×3×-0.1×3.1×0.0×
Interest coverage9.1×+0.6×8.5×-0.3×8.8×+0.5×8.3×+0.1×8.2×+0.8×
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%
Enterprise value$131.22B-17.5%$158.98B+10.2%$144.21B+0.8%$143.01B+5.5%$135.58B-4.4%
Price / earnings21.7×-7.0×28.6×+4.2×24.4×-0.4×24.8×+1.6×23.2×-4.1×
Price / sales2.9×-0.9×3.7×+0.4×3.3×0.0×3.4×+0.2×3.2×-0.3×
Price / book2.1×-0.6×2.7×+0.3×2.4×0.0×2.4×+0.2×2.3×-0.1×
EV / EBITDA13.9×-3.5×17.4×+1.8×15.6×-0.1×15.8×+0.4×15.4×-1.8×
EV / sales3.6×-0.9×4.5×+0.3×4.1×0.0×4.2×+0.1×4×-0.2×
Free cash flow yield5.2%+1.1pp4.1%-0.4pp4.5%-0.1pp4.6%-0.2pp4.8%+0.1pp
Earnings yield4.6%+1.1pp3.5%-0.6pp4.1%+0.1pp4%-0.3pp4.3%+0.7pp
Dividend yield3.5%+0.8pp2.7%-0.4pp3.1%0.0pp3.1%-0.2pp3.3%+0.2pp
PEG ratio7.3×+3.8×3.5×+1.3×2.2×+0.9×1.3×+0.5×0.9×-18.6×

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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.