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

Simplified Detailed

	FY'26	FY'25	FY'24	FY'23
Profitability
Gross margin	260.7%-0.1pp	260.8%-1.1pp	261.9%-5.0pp	266.9%-2.9pp
Operating margin	70.6%+3.8pp	66.8%-1.9pp	68.6%-5.5pp	74.1%+6.6pp
Net margin	53.5%+1.8pp	51.8%+3.1pp	48.7%-7.4pp	56%-2.4pp
EBITDA margin	104.7%+5.2pp	99.4%-2.7pp	102.1%-6.9pp	109%+7.4pp
Free cash flow margin	60.7%-3.7pp	64.4%+6.3pp	58.1%-4.2pp	62.3%-11.1pp
Returns
Return on equity	38.8%+4.3pp	34.4%+4.1pp	30.3%-3.1pp	33.4%-2.7pp
Return on assets	20.7%+1.7pp	19%+1.9pp	17.1%-1.8pp	18.9%-1.0pp
Return on invested capital	27%+2.8pp	24.3%+2.7pp	21.6%-2.3pp	23.9%-1.7pp
Efficiency
Asset turnover	1.5×+0.1×	1.5×+0.1×	1.4×+0.1×	1.3×0.0×
Inventory turnover	8.5×+0.2×	8.3×+0.1×	8.3×-0.4×	8.6×-0.7×
Liquidity
Current ratio	9.1×+1.4×	7.7×-1.3×	9×+1.6×	7.5×-2.8×
Quick ratio	6.8×+0.9×	5.8×-0.9×	6.7×+0.9×	5.8×-2.5×
Cash ratio	0.5×0.0×	0.5×0.0×	0.6×-0.4×	1×-0.5×
Leverage
Debt-to-equity	2.4×0.0×	2.3×+0.3×	2×-0.1×	2.1×-0.1×
Debt-to-assets	1.3×0.0×	1.2×+0.1×	1.1×0.0×	1.2×0.0×
Net debt / EBITDA	11.9×-1.1×	13×+1.2×	11.7×+0.7×	11.1×-1.0×
Interest coverage	34.6×+5.0×	29.6×-2.9×	32.4×-6.4×	38.9×+3.4×
Per Share
Book value per share	$151.37+0.7%	$150.29-2.2%	$153.65-1.3%	$155.67+1.0%
Valuation
Market capitalization	$467.91B+4.9%	$446.21B+2.9%	$433.66B-8.0%	$471.37B-23.6%
Enterprise value	$577.41B+4.5%	$552.68B+4.4%	$529.62B-6.2%	$564.9B-20.8%
Price / earnings	99.5×-5.0×	104.5×-7.4×	111.9×+1.8×	110.1×-25.7×
Price / sales	13.3×-0.2×	13.5×0.0×	13.5×-1.7×	15.2×-4.2×
Price / book	9.6×+0.4×	9.2×+0.7×	8.5×-0.6×	9.1×-2.8×
EV / EBITDA	62.8×-4.6×	67.3×+2.5×	64.8×-2.2×	67×-22.3×
EV / sales	16.4×-0.3×	16.7×+0.2×	16.5×-1.7×	18.2×-4.3×
Free cash flow yield	18.4%-0.7pp	19.1%+1.9pp	17.2%+0.9pp	16.3%+1.1pp
Earnings yield	16.2%+0.9pp	15.4%+0.9pp	14.5%-0.2pp	14.7%+2.5pp
Dividend yield	12.5%-0.5pp	13%-0.6pp	13.6%+1.6pp	12%+3.4pp
PEG ratio	14.2×-15.2×	29.4×—	——	——

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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.