Medtronic

Health Care Health Care Equipment Dublin, Ireland Last filing Jun 18, 2026 · FY2026

                    Revenue
                    FY2026
                
$36.4B
                    3y CAGR +5.2%
                    
                    P20
                    
                    +8.4%
                    
                    Net income
                    FY2026
                
$4.8B
                    Net margin +13.2%
                    
                    P80
                    
                    +3.0%
                    
                    Total assets
                    FY2026
                
$93.0B
                    ROA +5.2%
                    
                    P40
                    
                    +1.5%
                    
                    Operating cash flow
                    FY2026
                
$7.3B
                    FCF margin +14.9%
                    
                    P60
                    
                    +4.1%

14 yrs · FY2013–FY2026 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

27 accounts · 3 years

Total assets $93.0B

Total liabilities $43.0B

Shareholders equity $49.5B

Account	2026	2025	2024
Assets
Cash and Cash Equivalents	2.1%	2.4%	1.4%
Short Term Investments	7.8%	7.4%	7.5%
Accounts Receivable	7.1%	7.1%	6.8%
Inventory	6.4%	6.0%	5.8%
Other Current Assets	3.2%	3.1%	2.9%
Total Current Assets	26.6%	26.0%	24.4%
Property,Plant and Equipment	8.0%	7.5%	6.8%
Goodwill	45.8%	45.5%	45.5%
Intangible Assets	10.9%	12.7%	14.7%
Deferred Tax Assets	4.2%	4.4%	4.1%
Other Noncurrent Assets	4.5%	3.9%	4.5%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	2.8%	2.7%	2.7%
Accrued Liabilities	7.8%	8.2%	8.1%
Current Portion of Long Term Debt	1.9%	3.1%	1.2%
Total Current Liabilities	12.5%	14.0%	12.0%
Long Term Debt	28.1%	28.0%	26.6%
Deferred Tax Liabilities	2.0%	2.2%	2.6%
Other Noncurrent Liabilities	3.5%	3.2%	2.7%
Total Liabilities	46.2%	47.4%	44.0%
Equity
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	22.5%	22.7%	25.7%
Retained Earnings	35.1%	34.3%	33.8%
Accumulated Other Comprehensive Income	-4.4%	-4.7%	-3.7%
Total Stockholders Equity	53.2%	52.4%	55.8%
Noncontrolling Interest	0.7%	0.3%	0.2%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

17 accounts · 3 years

Revenue $36.4B

Operating income $6.5B

Net income $4.8B

Account	2026	2025	2024
IncomeStatement
Revenues Total Revenue	39.1%	36.6%	36.0%
Expenses Cost of Revenue	13.7%	12.7%	12.5%
Expenses Research and Development	3.1%	3.0%	3.0%
Expenses Selling,General and Administrative	12.7%	11.8%	11.9%
Expenses Depreciation and Amortization	1.9%	2.0%	1.9%
Expenses Other Operating Expenses	0.7%	0.3%	0.8%
Other Income Expense Operating Income	7.0%	6.5%	5.7%
Other Income Expense Interest Expense	0.8%	0.8%	0.8%
Other Income Expense Other Income/expense	0.3%	0.1%	0.3%
Other Income Expense Income Before Tax	6.6%	6.1%	5.4%
Income Tax Income Tax Expense	1.4%	1.0%	1.3%
net Income Other Items Below Tax	-0.0%	-0.0%	-0.0%
net Income net Income	5.2%	5.1%	4.1%
net Income Comprehensive Income	5.4%	4.0%	4.3%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	1.4%	1.4%	1.5%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 3 years

Operating cash flow $7.3B

Investing cash flow $-2.9B

Financing cash flow $-4.8B

Account	2026	2025	2024
CashFlow
Operating Activities net Income	5.2%	5.1%	4.1%
Operating Activities Depreciation and Amortization	3.2%	3.1%	2.9%
Operating Activities Stock Based Compensation	0.5%	0.5%	0.4%
Operating Activities Deferred Income Taxes	0.1%	-0.3%	-0.6%
Operating Activities Changes In Operating Assets and Liabilities	-1.5%	-1.1%	-0.5%
Operating Activities Other Non Cash Items	0.5%	0.5%	1.1%
Operating Activities net Cash From Operating Activities	7.9%	7.7%	7.5%
Investing Activities Capital Expenditures	-2.0%	-2.0%	-1.8%
Investing Activities Business Acquisitions	-0.4%	-0.1%	-0.2%
Investing Activities Purchases of Investments	-9.4%	-9.0%	-8.6%
Investing Activities Proceeds From Sale of Investments	8.7%	9.3%	8.3%
Investing Activities Other Investing Activities	-0.0%	-0.3%	-0.3%
Investing Activities net Cash From Investing Activities	-3.2%	-2.1%	-2.6%
Financing Activities Proceeds From Debt	1.9%	3.5%	0.0%
Financing Activities Repayment of Debt	-3.1%	-1.2%	1.2%
Financing Activities Repurchase of Common Stock	-1.1%	-3.5%	-2.4%
Financing Activities Dividends Paid	-3.9%	-3.9%	-4.1%
Financing Activities Proceeds From Stock Issuance	1.1%	0.6%	0.3%
Financing Activities Other Financing Activities	0.0%	-0.2%	-0.0%
Financing Activities net Cash From Financing Activities	-5.1%	-4.8%	-4.9%
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	0.2%	-0.3%
Cash Reconciliation net Change In Cash	-0.3%	1.0%	-0.3%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2026	2025	2024
Profitability
Gross margin	+65.0%	+65.3%	+65.3%
Operating margin	+17.8%	+17.8%	+15.9%
Net margin	+13.2%	+13.9%	+11.4%
FCF margin	+14.9%	+15.5%	+16.1%
Growth
Revenue CAGR (3y)	+5.2%	+1.9%	+2.4%
Returns
ROE	+9.7%	+9.7%	+7.3%
ROA	+5.2%	+5.1%	+4.1%
ROIC	+6.8%	+6.7%	+5.3%
Liquidity
Current ratio	2.13x	1.85x	2.03x
Quick ratio	0.74x	0.68x	0.69x
Leverage
D/E	0.87x	0.90x	0.79x
Interest coverage	9.04x	8.17x	7.15x
Efficiency
Asset turnover	0.39x	0.37x	0.36x
Cash conversion cycle	+162d	+166d	+160d

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Medtronic

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