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Saturday 17 October 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. In the quarter to July 2026, revenue grew 13.7%, EPS grew 42.0%, free cash flow grew 120.9% and total debt fell 1.59%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for three.

94.75 0.70 −0.73%
Market cap
$122.1B
P/E
23.2×
Fwd P/E
18.7×
Dividend yield
3.02%
F-score
7/9
Altman Z
2.73
Beneish M
−2.58
Dividend safety
61/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

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 2.5× and below the Healthcare sector median of 3.0×.

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 4.5×
SYK Stryker Corporation compare 2.2×
MDT Medtronic PLC 2.1×
STE STERIS plc compare 1.9×
DXCM DexCom, Inc. compare 1.7×
ABT Abbott Laboratories compare 1.4×
GEHC GE HealthCare Technologies Inc. compare 1.3×
PHG Koninklijke Philips N.V. compare 1.3×
BSX Boston Scientific Corporation compare 1.2×
Medical Devices industry median 2.5×
Healthcare sector median 3.0×
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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