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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) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Medtronic PLC (MDT) trades at a P/E ratio of 23.2×. Over the past ten years it has ranged from 18.4× (March 2020) to 61.4× (April 2021); the current reading is higher than 9% of that period. That is in line with the Medical Devices industry median of 23.2× and in line with the Healthcare sector median of 23.0×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2026 21.6× (7.28%)
FY2025 23.3× (19.97%)
FY2024 29.2× (8.94%)
FY2023 32.0× 16.50%
FY2022 27.5× (43.91%)
FY2021 49.0× 79.30%
FY2020 27.3× 5.93%
FY2019 25.8× (26.22%)
FY2018 35.0× 22.43%
FY2017 28.6× (9.23%)

Quarterly newest first

Period P/E ratio Change
Jul 2026 20.9× (3.33%)
Apr 2026 21.6× (24.33%)
Jan 2026 28.6× 17.03%
Oct 2025 24.4× (1.66%)
43 more quarters

Against its own ten years

Low 18.4× High 61.4×
Ten-year median 28.4×
Current reading's percentile 9

P/E ratio against peers

Company P/E ratio
GEHC GE HealthCare Technologies Inc. compare 16.0×
BSX Boston Scientific Corporation compare 17.9×
PHG Koninklijke Philips N.V. compare 18.8×
MDT Medtronic PLC 23.2×
STE STERIS plc compare 27.1×
SYK Stryker Corporation compare 30.3×
DXCM DexCom, Inc. compare 33.2×
ABT Abbott Laboratories compare 33.9×
EW Edwards Lifesciences Corporation compare 49.8×
Medical Devices industry median 23.2×
Healthcare sector median 23.0×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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