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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) EV/FCF

Alert me on EV/FCF

As of 16 October 2026, Medtronic PLC (MDT) trades at a EV/FCF of 22.9×. Over the past ten years it has ranged from 12.4× (January 2015) to 41.6× (April 2021); the current reading is higher than 18% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2026 22.6× (8.90%)
FY2025 24.8× 4.32%
FY2024 23.8× (20.56%)
FY2023 29.9× 17.64%
FY2022 25.4× (35.19%)
FY2021 39.2× 63.20%
FY2020 24.0× 4.54%
FY2019 23.0× (32.53%)
FY2018 34.1× 41.82%
FY2017 24.0× (23.07%)

Quarterly newest first

Period EV/FCF Change
Jul 2026 21.0× (7.12%)
Apr 2026 22.6× (19.32%)
Jan 2026 28.0× 6.32%
Oct 2025 26.3× 2.54%
43 more quarters

Against its own ten years

Low 12.4× High 41.6×
Ten-year median 26.5×
Current reading's percentile 10

EV/FCF against peers

Company EV/FCF
PHG Koninklijke Philips N.V. compare 16.1×
BSX Boston Scientific Corporation compare 21.3×
MDT Medtronic PLC 22.9×
DXCM DexCom, Inc. compare 23.5×
STE STERIS plc compare 24.7×
GEHC GE HealthCare Technologies Inc. compare 25.9×
SYK Stryker Corporation compare 26.5×
ABT Abbott Laboratories compare 26.8×
EW Edwards Lifesciences Corporation compare 33.4×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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