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%-0.1pp	261%+0.1pp	261.4%+0.3pp	260.9%-0.5pp	260.8%-1.1pp
Operating margin	70.6%+3.8pp	70.5%+5.6pp	70.3%+4.7pp	68.8%+2.2pp	66.8%-1.9pp
Net margin	53.5%+1.8pp	54.2%+5.0pp	54.1%+4.7pp	53.4%+4.1pp	51.8%+3.1pp
Returns
Return on equity	38.8%+4.3pp	38.4%+6.2pp	37.4%+5.6pp	36.2%+5.0pp	34.4%+4.1pp
Return on invested capital	27%+2.8pp	26.9%+4.0pp	26.3%+3.8pp	25.5%+3.3pp	24.3%+2.7pp
Efficiency
Asset turnover	1.5×+0.1×	1.5×+0.1×	1.5×+0.1×	1.5×+0.1×	1.5×+0.1×
Liquidity
Current ratio	9.1×+1.4×	8.8×+0.9×	8.2×-0.1×	7.6×-1.1×	7.7×-1.3×
Leverage
Debt-to-equity	2.4×0.0×	2.4×+0.2×	2.4×+0.2×	2.3×+0.3×	2.3×+0.3×
Net debt / EBITDA	11.9×-1.1×	12.1×-0.9×	12.2×-0.6×	12.6×+0.3×	13×+1.2×
Per Share
Book value per share	$151.37+0.7%	$150.20-0.4%	$150.61-0.5%	$150.52-1.1%	$150.29-2.2%
Valuation
Market capitalization	$467.91B+4.9%	$472.07B+6.1%	$456.53B+2.7%	$455.62B+7.7%	$446.21B+2.9%
Price / earnings	99.5×-5.0×	101×-9.3×	99.8×-10.9×	102.3×-4.4×	104.5×-7.4×
Price / sales	13.3×-0.2×	13.7×+0.1×	13.5×-0.2×	13.6×+0.5×	13.5×0.0×
Price / book	9.6×+0.4×	9.8×+0.7×	9.4×+0.4×	9.4×+1.0×	9.2×+0.7×
EV / EBITDA	62.8×-4.6×	64.2×-4.6×	64×-4.5×	66×+1.1×	67.3×+2.5×
Dividend yield	12.5%-0.5pp	12.3%-0.8pp	12.6%-0.5pp	12.7%-1.2pp	13%-0.6pp

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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.