Friday 6 November 2026 Export MDT’s income statement to Excel — free account

Medtronic PLC

MDT Healthcare Medical Devices

Medtronic PLC’s revenue for fiscal 2026 (year ended April 2026) was $36.4 billion, up 8.43% from fiscal 2025.

Revenue: +13.7%
EPS: +42.0%
Free cash flow: +120.9%
Total debt: −1.59%

Quarter to July 2026, against a year earlier

101.77 3.07 −2.93%

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Market cap: $134.1B
P/E: 25.6×
Fwd P/E: 20.8×
Dividend yield: 2.74%
F-score: 7/9
Altman Z: 2.73
Beneish M: −2.58
Dividend safety: 61/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Apr '17	Apr '18	Apr '19	Apr '20	Apr '21	Apr '22	Apr '23	Apr '24	Apr '25	Apr '26
Piotroski F-Score Full definition →	8	8	8	6	5	8	5	6	6	7
P/E ratio Full definition →	28.58	34.99	25.82	27.35	49.03	27.50	32.04	29.18	23.35	21.65
Altman Z-Score Full definition →	2.32	2.72	2.98	3.05	3.64	3.36	3.02	2.79	2.71	2.73
P/S ratio Full definition →	3.89	3.63	3.91	4.53	5.85	4.37	3.86	3.29	3.25	2.85
Altman Z″-Score (non-manufacturers) Full definition →	2.89	3.60	3.75	3.55	3.62	3.72	3.79	3.64	3.51	3.76
P/FCF ratio Full definition →	20.52	30.06	20.36	21.74	36.04	23.16	26.33	20.49	21.02	19.13
P/Operating CF Full definition →	65.13	104.73	57.29	90.27	100.90	67.31	49.02	38.36	43.10	40.34
Beneish M-Score Full definition →	(2.65)	(2.47)	(2.56)	(2.82)	(2.44)	(2.59)	(2.50)	(2.63)	(2.58)	(2.58)
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	61
P/B ratio Full definition →	2.29	2.14	2.38	2.57	3.41	2.63	2.33	2.11	2.26	2.07
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	4.55	4.11	4.42	5.01	6.36	4.80	4.39	3.82	3.83	3.37
EV/EBITDA Full definition →	16.29	13.27	15.13	19.42	26.67	17.97	16.74	15.86	14.58	13.00
EV/Operating CF Full definition →	19.65	26.31	19.27	20.01	30.71	20.69	22.68	18.20	18.25	16.72
EV/FCF Full definition →	24.03	34.08	23.00	24.04	39.23	25.43	29.91	23.76	24.79	22.58
Quick Ratio Full definition →	1.35	1.71	1.90	1.50	1.91	1.30	1.54	1.31	1.20	1.36
Current Ratio Full definition →	1.74	2.28	2.59	2.13	2.65	1.86	2.39	2.03	1.85	2.13
Net Debt/EBITDA Full definition →	2.38	1.57	1.73	1.86	2.17	1.60	2.01	2.18	2.22	1.99
Debt/Assets Full definition →	33.49%	28.18%	28.23%	27.34%	28.35%	26.50%	26.79%	27.81%	31.10%	30.06%
Debt/Equity Full definition →	0.66	0.51	0.50	0.49	0.51	0.46	0.47	0.50	0.59	0.56
Asset Turnover Full definition →	0.30	0.31	0.34	0.32	0.33	0.34	0.34	0.36	0.37	0.39
Operating CF/Net income Full definition →	1.71	1.51	1.51	1.51	1.73	1.46	1.61	1.85	1.51	1.53
Capex/Depreciation Full definition →	(0.43)	(0.40)	(0.43)	(0.46)	(0.50)	(0.51)	(0.54)	(0.60)	(0.65)	(0.64)
Interest Coverage Full definition →	4.92	5.79	4.34	4.39	4.85	10.40	8.62	7.16	8.17	9.04
ROE Full definition →	7.87%	6.14%	9.17%	9.48%	7.04%	9.66%	7.20%	7.20%	9.45%	9.77%
ROA Full definition →	4.04%	3.25%	5.11%	5.31%	3.92%	5.48%	4.13%	4.06%	5.13%	5.20%
ROIC Full definition →	4.80%	6.35%	5.96%	4.63%	4.17%	5.43%	5.04%	4.77%	5.49%	5.87%
Return on Tangible Assets Full definition →	26.91%	17.74%	25.49%	29.04%	18.72%	31.34%	20.66%	21.28%	26.23%	23.37%
Average Days of Receivables Full definition →	68.69	72.96	74.32	58.64	66.20	63.94	70.11	69.11	70.91	66.68
Research and Development Expense of Revenue Full definition →	7.38%	7.53%	7.63%	8.06%	8.28%	8.67%	8.63%	8.45%	8.15%	7.90%
Selling, General and Administrative Expense of Revenue Full definition →	33.72%	34.18%	34.09%	34.96%	33.70%	32.48%	33.35%	33.17%	32.35%	32.41%
Intangible Assets out of Total Assets Full definition →	0.62	0.67	0.67	0.65	0.64	0.62	0.62	0.60	0.58	0.57
Share Based Compensation of Revenue Full definition →	1.17%	1.15%	0.95%	1.03%	1.14%	1.13%	1.14%	1.21%	1.28%	1.26%
Graham Net Nets Full definition →	(0.21)	(0.16)	(0.15)	(0.14)	(0.11)	(0.11)	(0.15)	(0.17)	(0.18)	(0.18)
Graham Number Full definition →	49.05	43.93	53.73	55.21	48.01	57.57	49.74	48.47	55.37	57.33
Earnings Yield Full definition →	3.50%	2.86%	3.87%	3.66%	2.04%	3.64%	3.12%	3.43%	4.28%	4.62%
Free Cash Flow Yield Full definition →	4.87%	3.33%	4.91%	4.60%	2.77%	4.32%	3.80%	4.88%	4.76%	5.23%
Revenue per Share Full definition →	21.55	22.08	22.70	21.57	22.39	23.60	23.48	24.38	26.09	28.37
Operating CF per Share Full definition →	4.99	3.45	5.20	5.40	4.64	5.47	4.54	5.11	5.48	5.72
Capex per Share Full definition →	(0.91)	(0.79)	(0.84)	(0.90)	(1.01)	(1.02)	(1.10)	(1.20)	(1.45)	(1.49)
Free Cash Flow per Share Full definition →	4.08	2.67	4.36	4.49	3.63	4.45	3.44	3.92	4.03	4.23
Cash per Share Full definition →	9.94	8.28	7.31	8.17	8.04	7.88	5.99	6.03	6.97	7.19
Shareholders Equity per Share Full definition →	36.50	37.46	37.29	37.94	38.37	39.27	38.85	37.98	37.54	39.06
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	36.50	37.46	37.29	37.94	38.37	39.27	38.85	37.98	37.54	39.06
Free Cash Flow Full definition →	5,626.00	3,616.00	5,873.00	6,021.00	4,885.00	5,978.00	4,580.00	5,200.00	5,185.00	5,426.00
Working Capital Full definition →	10,609.00	12,896.00	13,495.00	11,665.00	14,039.00	10,665.00	12,624.00	11,146.00	10,935.00	13,129.00
Capital Expenditures Full definition →	(1,254.00)	(1,068.00)	(1,134.00)	(1,213.00)	(1,355.00)	(1,368.00)	(1,459.00)	(1,587.00)	(1,859.00)	(1,904.00)
Net Current Asset Value Full definition →	(24,654.00)	(17,591.00)	(17,515.00)	(17,786.00)	(18,933.00)	(15,201.00)	(17,608.00)	(17,626.00)	(19,610.00)	(18,169.00)
EV/EBIT Full definition →	25.12	18.56	21.55	30.21	42.74	26.42	24.98	24.01	21.58	18.95
Capex to Sales Full definition →	0.04	0.04	0.04	0.04	0.05	0.04	0.05	0.05	0.06	0.05
Price to Operating Income Full definition →	21.45	16.37	19.08	27.32	39.27	24.07	21.98	20.71	18.30	16.05
Other line items
Depreciation/Fixed assets Full definition →	0.67	0.57	0.57	0.55	0.52	0.50	0.48	0.43	0.42	0.40
Cash ROIC Full definition →	5.77%	4.12%	6.88%	6.95%	5.50%	6.84%	5.45%	6.23%	6.05%	6.22%
Accounts Receivable Turnover Full definition →	5.33	5.17	5.01	5.32	5.96	5.75	5.41	5.34	5.31	5.53
Accounts Payable Turnover Full definition →	5.69	5.70	5.11	4.77	5.11	4.63	4.34	4.42	4.79	5.00
Inventory Turnover Full definition →	2.73	2.62	2.50	2.36	2.45	2.27	2.16	2.13	2.18	2.23
Average Days of Payables Full definition →	61.07	65.54	77.86	77.31	73.33	81.89	90.65	78.43	76.85	75.86
Days of Inventory on Hand Full definition →	131.09	144.08	149.63	163.79	150.17	166.08	180.24	169.78	171.83	170.75
Average Receivables Full definition →	5,576.50	5,789.00	6,104.50	5,433.50	5,053.50	5,506.50	5,774.50	6,063.00	6,321.50	6,579.00
Average Payables Full definition →	1,632.00	1,591.50	1,790.50	1,974.50	2,051.00	2,191.00	2,469.00	2,536.00	2,429.50	2,546.50
Average Inventory Full definition →	3,405.50	3,458.50	3,666.00	3,991.00	4,271.00	4,464.50	4,954.50	5,255.00	5,346.50	5,713.50
Average Assets Full definition →	99,750.50	95,625.00	90,543.50	90,191.50	91,886.00	92,032.00	90,964.50	90,464.50	90,830.50	92,354.00
Average Common Equity Full definition →	51,196.50	50,576.00	50,517.00	50,542.00	51,237.00	52,162.00	52,193.50	51,042.50	49,338.50	49,164.50

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