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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

102.14 2.70 −2.58%
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
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Medtronic PLC (MDT) Current ratio

Alert me on Current ratio

Medtronic PLC's current ratio at the end of the quarter to 31 July 2026 was 2.1×, down 0.1× from fiscal 2026 (2.1×). Over the past ten years it has ranged from 1.7× (fiscal 2017) to 3.4× (fiscal 2015); the current reading is higher than 50% of that period. That is below the Medical Devices industry median of 2.7× and below the Healthcare sector median of 3.1×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2026 2.1× 14.99%
FY2025 1.8× (9.05%)
FY2024 2.0× (15.10%)
FY2023 2.4× 28.72%
FY2022 1.9× (29.79%)
FY2021 2.6× 24.68%
FY2020 2.1× (18.03%)
FY2019 2.6× 13.78%
FY2018 2.3× 30.69%
FY2017 1.7× (47.06%)

Quarterly newest first

Period Current ratio Change
Jul 2026 2.1× (2.78%)
Apr 2026 2.1× (16.13%)
Jan 2026 2.5× 4.96%
Oct 2025 2.4× 19.92%
43 more quarters

Against its own ten years

Low 1.7× High 3.4×
Ten-year median 2.2×
Current reading's percentile 50

Current ratio against peers

Company Current ratio
EW Edwards Lifesciences Corporation compare 4.6×
SYK Stryker Corporation compare 2.2×
MDT Medtronic PLC 2.1×
STE STERIS plc compare 2.1×
DXCM DexCom, Inc. compare 1.7×
ABT Abbott Laboratories compare 1.4×
BSX Boston Scientific Corporation compare 1.4×
PHG Koninklijke Philips N.V. compare 1.3×
GEHC GE HealthCare Technologies Inc. compare 1.3×
Medical Devices industry median 2.7×
Healthcare sector median 3.1×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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