What is Medtronic's restructuring charges?

Medtronic (MDT) reported restructuring charges of $172M in Q4 2025.

How has Medtronic's restructuring charges changed year-over-year?

Medtronic's restructuring charges increased by 273.9% year-over-year, from $46M to $172M.

What does restructuring charges mean?

One-time costs from reorganizing operations, including employee severance, facility closure costs, contract termination fees, and asset relocation expenses.

Medtronic MDT Restructuring Charges

Restructuring Charges at other companies

TFX

TeleflexTFX

$16.85M+1,085%

Johnson & JohnsonJNJ

$32M+88.2%

Boston ScientificBSX

$3M-70.0%

Other financials

Income statement

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Revenue$9.8B+9.9%

Gross profit$6.4B+10.9%

Operating income$1.9B+30.4%

Net income$1.2B+17.8%

EPS (diluted)$0.97+18.3%

Balance sheet

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Cash & equivalents$1.9B-12.1%

Total debt$29.2B-1.6%

Total equity$49.5B+3.0%

Total assets$93.0B+1.5%

Cash flow

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Operating cash flow$2.6B+1.8%

CapEx$488.0M+6.3%

Free cash flow$2.1B+0.8%

Valuation

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Market cap$103.66B-6.0%

Enterprise value$130.92B-5.0%

P/E21.6×-2.1×

P/S2.9×-0.4×

Profitability

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Gross margin65%-0.3pp

Operating margin17.8%0.0pp

Net margin13.2%-0.7pp

FCF margin14.9%-0.5pp

Returns & leverage

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Return on equity9.8%+0.4pp

Debt / equity0.6×0.0×

Current ratio2.1×+0.3×

Where this comes from

Reported directly by Medtronic in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCharges.

The official record: Medtronic’s 10-Q, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Medtronic's restructuring charges?: Medtronic (MDT) reported restructuring charges of $172M in Q4 2025.
How has Medtronic's restructuring charges changed year-over-year?: Medtronic's restructuring charges increased by 273.9% year-over-year, from $46M to $172M.
What does restructuring charges mean?: One-time costs from reorganizing operations, including employee severance, facility closure costs, contract termination fees, and asset relocation expenses.