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

	TTM Q4 '26	TTM Q3 '26	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25
Profitability
Gross margin	260.7%-0.3pp	261%-0.4pp	261.4%+0.5pp	260.9%+0.1pp	260.8%0.0pp
Operating margin	70.6%0.0pp	70.5%+0.2pp	70.3%+1.5pp	68.8%+2.1pp	66.8%+1.9pp
Net margin	53.5%-0.7pp	54.2%+0.2pp	54.1%+0.7pp	53.4%+1.6pp	51.8%+2.5pp
Returns
Return on equity	38.8%+0.4pp	38.4%+1.0pp	37.4%+1.2pp	36.2%+1.8pp	34.4%+2.3pp
Return on invested capital	27%+0.1pp	26.9%+0.6pp	26.3%+0.9pp	25.5%+1.2pp	24.3%+1.4pp
Efficiency
Asset turnover	1.5×0.0×	1.5×0.0×	1.5×0.0×	1.5×0.0×	1.5×0.0×
Liquidity
Current ratio	9.1×+0.3×	8.8×+0.6×	8.2×+0.6×	7.6×-0.1×	7.7×-0.2×
Leverage
Debt-to-equity	2.4×0.0×	2.4×0.0×	2.4×0.0×	2.3×0.0×	2.3×+0.1×
Net debt / EBITDA	11.9×-0.2×	12.1×-0.1×	12.2×-0.3×	12.6×-0.4×	13×-0.1×
Per Share
Book value per share	$151.37+0.8%	$150.20-0.3%	$150.61+0.1%	$150.52+0.2%	$150.29-0.3%
Valuation
Market capitalization	$467.91B-0.9%	$472.07B+3.4%	$456.53B+0.2%	$455.62B+2.1%	$446.21B+0.3%
Price / earnings	99.5×-1.5×	101×+1.3×	99.8×-2.5×	102.3×-2.2×	104.5×-5.8×
Price / sales	13.3×-0.4×	13.7×+0.2×	13.5×-0.2×	13.6×+0.1×	13.5×-0.1×
Price / book	9.6×-0.1×	9.8×+0.3×	9.4×0.0×	9.4×+0.2×	9.2×+0.1×
EV / EBITDA	62.8×-1.5×	64.2×+0.2×	64×-2.1×	66×-1.3×	67.3×-1.5×
Dividend yield	12.5%+0.2pp	12.3%-0.3pp	12.6%0.0pp	12.7%-0.3pp	13%-0.1pp

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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.