Medtronic

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

                    Revenue
                    FY2026
                
$36.4B
                    3y CAGR +4.0%
                    
                    +8.4%
                    
                    Net income
                    FY2026
                
$4.8B
                    Net margin +13.2%
                    
                    +3.0%
                    
                    Total assets
                    FY2025
                
$91.7B
                    
                    +1.9%
                    
                    Operating cash flow
                    FY2026
                
$7.3B
                    FCF margin +14.9%
                    
                    +4.1%

15 yrs · FY2012–FY2026 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

11 accounts · 10 years

Total assets $91.7B

Total liabilities $43.4B

Shareholders equity $48.0B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Accounts Receivable	$0 -100.0%	$6.5B 6.3%	$6.1B 0.0%	$6.1B 2.2%	$6.0B 8.1%	$5.6B 1.6%	$5.5B 17.6%	$4.6B -25.3%	$6.2B 3.9%	$6.0B
Inventory	$0 -100.0%	$5.5B 5.0%	$5.2B	—	—	—	—	—	—	—
Prepaid Expenses	$0 -100.0%	$2.9B 10.6%	$2.6B	—	—	—	—	—	—	—
Property,Plant and Equipment	$0 -100.0%	$6.8B 11.5%	$6.1B 0.0%	$6.1B 10.1%	$5.6B 2.9%	$5.4B 3.7%	$5.2B 8.1%	$4.8B 3.3%	$4.7B 1.5%	$4.6B
Goodwill	$850.0M -98.0%	$41.7B 1.8%	$41.0B 0.0%	$41.0B -1.1%	$41.4B 2.3%	$40.5B -3.5%	$42.0B 5.3%	$39.8B -0.3%	$40.0B 1.1%	$39.5B
Intangible Assets	$0 -100.0%	$11.7B -11.8%	$13.2B	—	—	—	—	—	—	—
Other Noncurrent Assets	$0 -100.0%	$3.6B -11.4%	$4.0B 0.0%	$4.0B 2.2%	$4.0B 31.6%	$3.0B 23.1%	$2.4B 16.7%	$2.1B 106.5%	$1.0B -5.9%	$1.1B
Liabilities
Accrued Liabilities	$0 -100.0%	$1.4B 2.1%	$1.3B 0.0%	$1.3B 58.3%	$840.0M 19.3%	$704.0M 61.8%	$435.0M -13.3%	$502.0M -11.5%	$567.0M -42.1%	$979.0M
Long Term Debt	$0 -100.0%	$117.0M 6.4%	$110.0M	—	—	—	—	$22.1B -9.8%	$24.6B 3.6%	$23.7B
Other Noncurrent Liabilities	$0 -100.0%	$1.8B 29.6%	$1.4B 0.0%	$1.4B -21.0%	$1.7B 22.5%	$1.4B -19.7%	$1.8B 5.5%	$1.7B 119.8%	$757.0M -14.8%	$889.0M
Equity
Common Stock	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

Income Statement

Revenue, expense, and profitability

17 accounts · 10 years

Revenue $36.4B

Operating income $6.5B

Net income $4.8B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
IncomeStatement
Revenues Total Revenue	$36.4B 8.4%	$33.5B 3.6%	$32.4B	—	—	—	—	—	—	—
Expenses Cost of Revenue	$12.7B 9.4%	$11.6B 3.7%	$11.2B	—	—	—	—	—	—	—
Expenses Research and Development	$2.9B 5.2%	$2.7B -0.1%	$2.7B	—	—	—	—	—	—	—
Expenses Selling,General and Administrative	$11.8B 8.6%	$10.8B 1.1%	$10.7B	—	—	—	—	—	—	—
Expenses Depreciation and Amortization	$3.0B 3.4%	$2.9B 8.1%	$2.6B	—	—	—	—	—	—	—
Expenses Share Based Compensation	$457.0M 6.5%	$429.0M 9.2%	$393.0M	—	—	—	—	—	—	—
Other Income Expense Operating Income	$6.5B 8.6%	$6.0B 15.8%	$5.1B	—	—	—	—	—	—	—
Other Income Expense Interest Expense	$715.0M -1.9%	$729.0M 1.4%	$719.0M 0.0%	$719.0M 13.1%	$636.0M 15.0%	$553.0M -40.2%	$925.0M -15.3%	$1.1B -24.4%	$1.4B 26.0%	$1.1B
Other Income Expense Other Income/expense	$384.0M -4.5%	$402.0M -2.4%	$412.0M	—	—	—	—	—	—	—
Other Income Expense Income Before Tax	$6.1B 9.0%	$5.6B 16.4%	$4.8B	—	—	—	—	—	—	—
Income Tax Income Tax Expense	$1.3B 38.8%	$936.0M -17.4%	$1.1B	—	—	—	—	—	—	—
net Income net Income	$4.8B 3.0%	$4.7B 26.8%	$3.7B	—	—	—	—	—	—	—
net Income Comprehensive Income	$5.0B 34.8%	$3.7B -4.1%	$3.9B	—	—	—	—	—	—	—
Earnings Per Share Basic Eps	$4 3.3%	$4 31.0%	$3	—	—	—	—	—	—	—
Earnings Per Share Diluted Eps	$4 3.3%	$4 30.8%	$3	—	—	—	—	—	—	—
Earnings Per Share Weighted Average Shares Basic	$1.3B -0.3%	$1.3B -3.2%	$1.3B	—	—	—	—	—	—	—
Earnings Per Share Weighted Average Shares Diluted	$1.3B -0.1%	$1.3B -3.0%	$1.3B	—	—	—	—	—	—	—

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 10 years

Operating cash flow $7.3B

Investing cash flow $-2.9B

Financing cash flow $-4.8B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
CashFlow
Operating Activities net Income	$4.8B 3.0%	$4.7B 26.8%	$3.7B 0.0%	$3.7B -2.2%	$3.8B -25.4%	$5.0B 39.7%	$3.6B -24.7%	$4.8B 3.4%	$4.6B 49.2%	$3.1B
Operating Activities Depreciation and Amortization	$1.2B 12.5%	$1.1B 10.5%	$954.0M 0.0%	$954.0M -4.5%	$999.0M 2.6%	$974.0M 6.0%	$919.0M 1.3%	$907.0M 1.3%	$895.0M 9.0%	$821.0M
Operating Activities Stock Based Compensation	$457.0M 6.5%	$429.0M 9.2%	$393.0M	—	—	—	—	—	—	—
Operating Activities Deferred Income Taxes	$31.0M 109.1%	$-339.0M 35.8%	$-528.0M 0.0%	$-528.0M -108.7%	$-253.0M 58.6%	$-611.0M -32.5%	$-461.0M 63.9%	$-1.3B -191.6%	$-438.0M 60.7%	$-1.1B
Operating Activities Changes In Operating Assets and Liabilities	$404.0M 38.4%	$292.0M 110.1%	$139.0M -59.7%	$345.0M 133.1%	$148.0M 127.7%	$65.0M -88.2%	$549.0M -9.9%	$609.0M -2.4%	$624.0M 372.5%	$-229.0M
Operating Activities net Cash From Operating Activities	$7.3B 4.1%	$7.0B 3.8%	$6.8B	—	—	—	—	—	—	—
Investing Activities Capital Expenditures	$1.9B 2.4%	$1.9B 17.1%	$1.6B	—	—	—	—	—	—	—
Investing Activities Business Acquisitions	$406.0M 314.3%	$98.0M -53.6%	$211.0M	—	—	—	—	—	—	—
Investing Activities Purchases of Investments	$8.7B 6.1%	$8.2B 6.2%	$7.7B	—	—	—	—	—	—	—
Investing Activities Other Investing Activities	$4.0M -98.4%	$249.0M -4.6%	$261.0M 0.0%	$261.0M 6625.0%	$-4.0M -140.0%	$10.0M -81.5%	$54.0M 45.9%	$37.0M 202.8%	$-36.0M -263.6%	$22.0M
Investing Activities net Cash From Investing Activities	$-2.9B -51.5%	$-1.9B 18.1%	$-2.4B	—	—	—	—	—	—	—
Financing Activities Proceeds From Debt	$1.7B -45.6%	$3.2B	$0	—	—	—	—	—	—	—
Financing Activities Repayment of Debt	$2.9B	$0	$0	—	—	—	—	—	—	—
Financing Activities Repurchase of Common Stock	$1.0B -68.0%	$3.2B 51.3%	$2.1B	—	—	—	—	—	—	—
Financing Activities Dividends Paid	$3.6B 1.4%	$3.6B -2.1%	$3.7B	—	—	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	$516.0M 1.6%	$508.0M 78.9%	$284.0M	—	—	—	—	—	—	—
Financing Activities Other Financing Activities	$44.0M 123.9%	$-184.0M -6033.3%	$-3.0M	—	—	—	—	—	—	—
Financing Activities net Cash From Financing Activities	$-4.8B -8.9%	$-4.4B 2.0%	$-4.5B	—	—	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	$85.0M -54.8%	$188.0M 181.7%	$-230.0M	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	$-269.0M -128.8%	$934.0M 460.6%	$-259.0M	—	—	—	—	—	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Profitability
Gross margin	+65.0%	+65.3%	+65.3%	+65.3%	+65.7%	+68.0%	+65.2%	+67.4%	+70.0%	+69.7%
Operating margin	+17.8%	+17.8%	+15.9%	+15.9%	+17.6%	+18.2%	+14.9%	+16.6%	+20.5%	+22.2%
Net margin	+13.2%	+13.9%	+11.4%	+11.4%	+12.0%	+15.9%	+12.0%	+16.6%	+15.2%	+10.4%
FCF margin	+14.9%	+15.5%	+16.1%	+16.1%	+14.7%	+18.9%	+16.2%	+20.8%	+19.2%	+12.1%
Growth
Revenue CAGR (3y)	+4.0%	+2.4%	+0.7%	+2.4%	+2.6%	+1.2%	+0.2%	-0.9%	—	—
Returns
ROE	—	+9.7%	+7.3%	+7.3%	+7.3%	+9.6%	+7.0%	+9.4%	+9.2%	+6.1%
ROA	—	+5.1%	+4.1%	+4.1%	+4.1%	+5.5%	+3.9%	+5.3%	+5.2%	+3.4%
ROIC	—	+10.2%	+7.9%	+10.3%	+11.0%	+10.9%	+9.4%	+6.7%	+8.8%	+9.1%
Liquidity
Current ratio	—	1.85x	2.03x	2.03x	2.39x	1.86x	2.65x	2.13x	2.59x	2.28x
Quick ratio	—	0.68x	0.69x	0.69x	0.83x	0.75x	1.06x	0.85x	1.25x	0.96x
Leverage
D/E	—	0.90x	0.79x	0.79x	0.76x	0.73x	0.81x	0.78x	0.79x	0.80x
Interest coverage	9.04x	8.17x	7.15x	7.15x	8.62x	10.40x	4.85x	4.39x	4.34x	5.79x
Efficiency
Asset turnover	—	0.37x	0.36x	0.36x	0.34x	0.35x	0.32x	0.32x	0.34x	0.33x
Cash conversion cycle	—	+166d	+160d	+160d	+160d	+148d	+143d	+145d	+146d	+151d

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Medtronic

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