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Medtronic MDT Ratios & Valuation

Income StatementBalance SheetCash FlowRatiosSegments
QuarterlyAnnualTTM
YoYQoQ
SimplifiedDetailed
Q4 '26Q3 '26Q2 '26Q1 '26Q4 '25
Profitability
Gross margin65%-0.3pp64.9%-0.4pp65.5%+0.5pp65.3%+0.1pp65.3%0.0pp
Operating margin17.8%0.0pp17%+0.2pp17.9%+1.5pp17.9%+2.1pp17.8%+1.9pp
Net margin13.2%-0.7pp13%+0.2pp13.7%+0.7pp13.6%+1.6pp13.9%+2.5pp
EBITDA margin25.9%-0.4pp25.7%+0.8pp26.6%+2.2pp26.5%+2.6pp26.3%+2.2pp
Free cash flow margin14.9%-0.5pp15.2%-1.2pp15%-1.7pp15.5%-0.3pp15.5%-0.6pp
Returns
Return on equity9.8%+0.4pp9.4%+1.0pp9.8%+1.2pp9.7%+1.8pp9.5%+2.3pp
Return on assets5.2%+0.1pp5.1%+0.4pp5.3%+0.5pp5.2%+0.8pp5.1%+1.1pp
Return on invested capital6.7%+0.1pp6.7%+0.6pp6.9%+0.9pp6.8%+1.2pp6.6%+1.4pp
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×+0.1×2.1×0.0×2.1×+0.1×2.2×0.0×
Liquidity
Current ratio2.1×+0.3×2.5×+0.6×2.4×+0.6×2×-0.1×1.8×-0.2×
Quick ratio1.6×+0.2×1.9×+0.4×1.8×+0.4×1.5×-0.1×1.4×-0.1×
Cash ratio0.2×0.0×0.1×0.0×0.1×0.0×0.1×0.0×0.2×+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×-0.2×3×-0.1×3×-0.3×3×-0.4×3.1×-0.1×
Interest coverage9.1×+0.9×8.5×+1.1×8.8×+1.7×8.3×+1.3×8.2×+1.0×
Per Share
Book value per share$38.40+3.1%$37.99-1.1%$37.77+0.2%$37.21+0.6%$37.23-1.4%
Valuation
Market capitalization$103.96B-3.8%$132B+13.3%$116.33B+0.8%$115.62B+8.9%$108.12B+1.3%
Enterprise value$131.22B-3.2%$158.98B+12.1%$144.21B+1.3%$143.01B+7.7%$135.58B+3.1%
Price / earnings21.7×-1.5×28.6×+1.3×24.4×-2.5×24.8×-2.2×23.2×-5.8×
Price / sales2.9×-0.4×3.7×+0.2×3.3×-0.2×3.4×+0.1×3.2×-0.1×
Price / book2.1×-0.1×2.7×+0.3×2.4×0.0×2.4×+0.2×2.3×+0.1×
EV / EBITDA13.9×-1.5×17.4×+0.2×15.6×-2.1×15.8×-1.3×15.4×-1.5×
EV / sales3.6×-0.4×4.5×+0.2×4.1×-0.2×4.2×+0.1×4×0.0×
Free cash flow yield5.2%+0.4pp4.1%-0.6pp4.5%-0.3pp4.6%-0.3pp4.8%-0.1pp
Earnings yield4.6%+0.3pp3.5%-0.2pp4.1%+0.4pp4%+0.3pp4.3%+0.9pp
Dividend yield3.5%+0.2pp2.7%-0.3pp3.1%0.0pp3.1%-0.3pp3.3%-0.1pp
PEG ratio7.3×+6.4×3.5×-16.0×2.2×-3.7×1.3×-1.8×0.9×—

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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.