| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | 1 | — | — | 1 | — | — | — | 1 | 1 | — | 1 |
| total | individual payouts | |
|---|---|---|
| 2029 | ‡‡‡‡‡ |
|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 2.86 |
—
—
—
|
| 2025 | 2.83 |
—
—
—
—
|
| 2024 | 2.79 |
—
—
—
—
|
| 2023 | 2.75 |
—
—
—
—
|
| 2022 | 2.67 |
—
—
—
—
|
| 2021 | 2.47 |
—
—
—
—
|
| 2020 | 2.28 |
—
—
—
—
|
| 2019 | 2.12 |
—
—
—
—
|
| 2018 | 1.96 |
—
—
—
—
|
| 2017 | 1.81 |
—
—
—
—
|
| 2016 | 1.67 |
—
—
—
—
|
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Cash | 8,005.00 | 8,965.00 | 9,220.00 | 8,819.00 |
| Receivables | 6,128.00 | 6,515.00 | 6,643.00 | 6,357.00 |
| Inventory | 5,217.00 | 5,476.00 | 5,951.00 | 6,215.00 |
| Other | 2,584.00 | 2,858.00 | 2,972.00 | 2,999.00 |
| 21,935.00 | 23,814.00 | 24,787.00 | 24,390.00 |
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Payables | 2,410.00 | 2,449.00 | 2,644.00 | 2,695.00 |
| ST’ Debt | 1,092.00 | 2,874.00 | 1,788.00 | 2,536.00 |
| Other | — | — | — | — |
| 10,789.00 | 12,879.00 | 11,658.00 | 11,799.00 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Jul | Oct | Jan | Apr | Year | |
|---|---|---|---|---|---|
| ’26 | 9,756.00 | — | — | — |
—
|
| ’26 | 8,578.00 | 8,961.00 | 9,017.00 | 9,808.00 |
36,364.00
|
| ’25 | 7,915.00 | 8,403.00 | 8,292.00 | 8,927.00 |
33,537.00
|
| ’24 | 7,702.00 | 7,984.00 | 8,089.00 | 8,589.00 |
32,364.00
|
| ’23 | 7,371.00 | 7,585.00 | 7,727.00 | 8,544.00 |
31,227.00
|
| ’22 | 7,987.00 | 7,847.00 | 7,763.00 | 8,089.00 |
31,686.00
|
| ’21 | 6,507.00 | 7,647.00 | 7,775.00 | 8,188.00 |
30,117.00
|
| Jul | Oct | Jan | Apr | Year | |
|---|---|---|---|---|---|
| ’26 | 1,793.00 | — | — | — |
—
|
| ’26 | 1,088.00 | 925.00 | 2,744.00 | 2,573.00 |
7,330.00
|
| ’25 | 986.00 | 958.00 | 2,572.00 | 2,528.00 |
7,044.00
|
| ’24 | 875.00 | 661.00 | 2,474.00 | 2,777.00 |
6,787.00
|
| ’23 | 1,083.00 | 922.00 | 1,574.00 | 2,460.00 |
6,039.00
|
| ’22 | 1,292.00 | 1,769.00 | 2,228.00 | 2,057.00 |
7,346.00
|
| ’21 | 278.00 | 1,861.00 | 2,356.00 | 1,745.00 |
6,240.00
|
| Jul | Oct | Jan | Apr | Year | |
|---|---|---|---|---|---|
| ’26 | 1,290.00 | — | — | — |
—
|
| ’26 | 584.00 | 457.00 | 2,300.00 | 2,085.00 |
5,426.00
|
| ’25 | 466.00 | 554.00 | 2,096.00 | 2,069.00 |
5,185.00
|
| ’24 | 521.00 | 200.00 | 2,128.00 | 2,351.00 |
5,200.00
|
| ’23 | 657.00 | 599.00 | 1,242.00 | 2,082.00 |
4,580.00
|
| ’22 | 914.00 | 1,498.00 | 1,898.00 | 1,668.00 |
5,978.00
|
| ’21 | (56.00) | 1,580.00 | 1,993.00 | 1,368.00 |
4,885.00
|
| Jul | Oct | Jan | Apr | Year | |
|---|---|---|---|---|---|
| ’26 | 1.14 | — | — | — |
—
|
| ’26 | 0.81 | 1.07 | 0.89 | 0.96 |
3.73
|
| ’25 | 0.80 | 0.99 | 1.01 | 0.82 |
3.61
|
| ’24 | 0.59 | 0.68 | 0.99 | 0.49 |
2.76
|
| ’23 | 0.70 | 0.32 | 0.92 | 0.88 |
2.82
|
| ’22 | 0.56 | 0.97 | 1.10 | 1.10 |
3.73
|
| ’21 | 0.36 | 0.36 | 0.94 | 1.00 |
2.66
|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 75.77 | 68.84 | 75.96 | 79.55 | 73.31 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 114.31 | 92.02 | 92.68 | 106.33 | 105.50 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.33 | 0.33 | 0.34 | 0.35 | 0.38 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31,686.00 | 31,227.00 | 32,364.00 | 33,537.00 | 36,364.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 67.98% | 65.67% | 65.34% | 65.32% | 65.02% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,517.00 | 5,364.00 | 4,837.00 | 5,628.00 | 6,136.00 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.41% | 17.18% | 14.95% | 16.78% | 16.87% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,062.00 | 3,784.00 | 3,705.00 | 4,691.00 | 4,837.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,707.00 | 2,697.00 | 2,647.00 | 2,861.00 | 2,958.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.60 | 23.48 | 24.38 | 26.09 | 28.37 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 3.75 | 2.83 | 2.77 | 3.63 | 3.75 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.47 | 4.54 | 5.11 | 5.48 | 5.72 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.02) | (1.10) | (1.20) | (1.45) | (1.49) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.45 | 3.44 | 3.92 | 4.03 | 4.23 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 39.27 | 38.85 | 37.98 | 37.54 | 39.06 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,342.40 | 1,329.80 | 1,327.70 | 1,285.60 | 1,281.80 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.50 | 32.04 | 29.18 | 23.35 | 21.65 | ‡‡‡‡ | ‡‡‡‡ | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.37 | 3.86 | 3.29 | 3.25 | 2.85 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.63 | 2.33 | 2.11 | 2.26 | 2.07 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.80 | 4.39 | 3.82 | 3.83 | 3.37 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 25.43 | 29.91 | 23.76 | 24.79 | 22.58 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7,346.00 | 6,039.00 | 6,787.00 | 7,044.00 | 7,330.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,368.00) | (1,459.00) | (1,587.00) | (1,859.00) | (1,904.00) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,978.00 | 4,580.00 | 5,200.00 | 5,185.00 | 5,426.00 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10,665.00 | 12,624.00 | 11,146.00 | 10,935.00 | 13,129.00 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 24,114.00 | 24,364.00 | 25,024.00 | 28,516.00 | 27,961.00 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13,541.00 | 16,405.00 | 17,019.00 | 19,551.00 | 18,741.00 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 52,722.00 | 51,665.00 | 50,420.00 | 48,256.00 | 50,072.00 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.48% | 4.13% | 4.06% | 5.13% | 5.20% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.43% | 5.04% | 4.77% | 5.49% | 5.87% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.66% | 7.20% | 7.20% | 9.45% | 9.77% | — | — | — |
ROE
|
Medtronic PLC (MDT), a dominant force in medical devices across cardiovascular, diabetes, and surgical innovations, has delivered steady revenue growth from $28.8 billion in 2016 to $32.4 billion in 2024 (1.5% CAGR), bolstered by share buybacks and resilient FCF generation despite margin erosion and pandemic disruptions. Trading at levels implying 14% mean analyst upside (up to 22%), the stock has lagged fundamentals amid volatility, with current multiples like 23x forward P/E and 3.8x EV/Sales signaling undervaluation relative to historical norms and sector peers.
Strong balance sheet fundamentals shine through robust operating cash flows ($6.8-7.0B annually) and ROE averaging 7.9%, supporting 52+ years of dividend increases, though rising debt ($28.5B) and supply chain pressures have weighed on gross margins (down to 65.3%). Insider activity leans cautious with sells outweighing modest buys, yet per-share metrics like FCF ($3.92) and revenue ($24.38) correlate tightly with past price peaks.
Looking ahead, analysts forecast revenue acceleration to $40.1B by 2028 (6.2% CAGR) and EPS to $5.20, driven by demographic tailwinds, pipeline catalysts like Hugo RAS and TAVR expansions, and margin recovery. A quantitative model projects 12-18% annualized returns through 2028, with high-probability compounding for patient investors—explore the full analysis for detailed correlations, Monte Carlo simulations, and risk breakdowns.
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