Healthcare · Medical - Devices
Price
$80.98
Market Cap
$103.7B
Employees
95,000
Beta
0.60
Avg Volume
10,210,553
CEO
Geoffrey Straub Martha
Business Description
Medtronic plc is a leading global medical technology enterprise that invents, develops, manufactures, and distributes an extensive range of device-based medical therapies. These solutions serve healthcare systems, clinicians, physicians, and patients across the world. The company's operations are categorized into several key portfolios: Cardiovascular Portfolio: This segment focuses on cardiac health, providing technologies for heart rhythm management, including implantable pacemakers, defibrillators, and monitoring systems, alongside cardiac ablation tools and remote patient software. It also addresses structural heart issues with products like aortic and pulmonary valves, surgical repair devices, and endovascular stent grafts, in addition to offerings for percutaneous coronary interventions (e.g., angioplasty balloons). Medical Surgical Portfolio: Offering a broad spectrum of surgical instruments and therapies, this division includes staples, vessel sealing devices, wound closure products, and electrosurgical equipment. It also pioneers surgical artificial intelligence and robotic-assisted platforms, alongside solutions for hernia repair, gynecology, lung conditions, minimally invasive gastrointestinal and hepatologic diagnostics, patient monitoring, airway management, ventilation therapies, and renal disease. Neuroscience Portfolio: This division delivers specialized products for a diverse group of medical professionals, such as spinal surgeons, neurosurgeons, neurologists, pain management specialists, and ENT experts. Its offerings span energy surgical instruments, advanced image-guided and intra-operative imaging systems, robotic guidance for spine procedures, and therapies targeting the brain's vasculature. Diabetes Operating Unit: Dedicated to diabetes management, this unit provides innovative solutions like insulin pumps and their associated consumables, continuous glucose monitoring (CGM) systems, and smart insulin pen technologies. Established in 1949, Medtronic plc maintains its corporate headquarters in Dublin, Ireland.
Business History
Price Overview
Last updated: Jun 27, 2026 9:01am (just now)$80.98
+1.18 (+1.48%)
Day Range
$79.77 – $81.86
52-Week Range
$73.31 – $106.33
50-Day MA
$79.40
200-Day MA
$91.60
Volume
6,968,698.00
Analyst Price Targets
Low
$80.00
Consensus
$95.80
High
$119.00
(96 analysts)
Share Structure
Outstanding
1,280,050,000.00
Float
1,278,835,232.00
Free Float
99.9%
High free float
— 99.9% of shares trade freely, ~0.1% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
21.63
Stock Price: $80.98
EPS (Diluted): 3.75
EPS (Diluted): 3.75
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.16
Stock Price: $80.98
Total Equity: $49.46B
Shares: 1,288,100,000
Total Equity: $49.46B
Shares: 1,288,100,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
13.34
Market Cap: $103.66B
Total Debt: $27.96B
Cash: $1.95B
EBITDA: $9.81B
Total Debt: $27.96B
Cash: $1.95B
EBITDA: $9.81B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$132.8B
Market Cap: $103.66B
Total Debt: $27.96B
Cash: $1.95B
Total Debt: $27.96B
Cash: $1.95B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
65.0%
Gross Profit: $23.64B
Revenue: $36.36B
Revenue: $36.36B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
17.8%
Operating Income: $6.47B
Revenue: $36.36B
Revenue: $36.36B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
13.2%
Net Income: $4.80B
Revenue: $36.36B
Revenue: $36.36B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
9.8%
Net Income: $4.80B
Total Equity: $49.46B
Total Equity: $49.46B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
6.1%
Operating Income: $6.47B
Tax Rate: 21.2%
Equity: $49.46B
Total Debt: $27.96B
Cash: $1.95B
Tax Rate: 21.2%
Equity: $49.46B
Total Debt: $27.96B
Cash: $1.95B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.13
Current Assets: $24.79B
Current Liabilities: $11.66B
Current Liabilities: $11.66B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.57
Short-Term Debt: $1.79B
Long-Term Debt: $26.17B
Total Debt: $27.96B
Total Equity: $49.46B
Long-Term Debt: $26.17B
Total Debt: $27.96B
Total Equity: $49.46B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$28.23
Revenue: $36.36B
Shares: 1,288,100,000
Shares: 1,288,100,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$38.40
Total Equity: $49.46B
Shares: 1,288,100,000
Shares: 1,288,100,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$4.21
Operating CF: $7.33B
CapEx: -$1.90B
Shares: 1,288,100,000
CapEx: -$1.90B
Shares: 1,288,100,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
3.4%
Last Dividend: N/A
Stock Price: $80.98
Stock Price: $80.98
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $4.80B
Net Income: $4.80B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares MDT against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 23, 2026 3:02am (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $31.7B | $31.2B | $32.4B | $33.5B | $36.4B |
| Cost of Revenue | $10.1B | $10.7B | $11.2B | $11.6B | $12.7B |
| Gross Profit | $21.5B | $20.5B | $21.1B | $21.9B | $23.6B |
| Operating Expenses | $15.8B | $15.0B | $16.0B | $16.0B | $17.2B |
| Operating Income | $5.8B | $5.5B | $5.1B | $6.0B | $6.5B |
| Net Income | $5.0B | $3.8B | $3.7B | $4.7B | $4.8B |
| EBITDA | $8.8B | $8.7B | $8.2B | $9.2B | $9.8B |
| EPS | $3.75 | $2.83 | $2.77 | $3.63 | $3.75 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 23, 2026 3:02am (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $3.7B | $1.5B | $1.3B | $2.2B | $1.9B |
| Total Current Assets | $23.1B | $21.7B | $21.9B | $23.8B | $24.8B |
| Total Assets | $91.0B | $90.9B | $90.0B | $91.7B | $93.0B |
| Current Liabilities | $12.4B | $9.1B | $10.8B | $12.9B | $11.7B |
| Long-Term Debt | $20.3B | $24.3B | $23.9B | $25.6B | $26.2B |
| Total Liabilities | $38.3B | $39.3B | $39.6B | $43.4B | $43.0B |
| Total Equity | $52.6B | $51.5B | $50.2B | $48.0B | $49.5B |
| Retained Earnings | $30.3B | $30.4B | $30.4B | $31.5B | $32.6B |
Cash Flow (Annual)
Last updated: Jun 23, 2026 3:02am (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | $7.3B | $6.0B | $6.8B | $7.0B | $7.3B |
| Capital Expenditure | -$1.4B | -$1.5B | -$1.6B | -$1.9B | -$1.9B |
| Free Cash Flow | $6.0B | $4.6B | $5.2B | $5.2B | $5.4B |
| Acquisitions (net) | -$91.0M | -$1.9B | -$211.0M | -$98.0M | -$406.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$2.5B | -$645.0M | -$2.1B | -$3.2B | -$1.0B |
| Net Change in Cash | $121.0M | -$2.2B | -$259.0M | $934.0M | -$269.0M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 9:01am (just now)| Metric | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|
| Revenue |
$40.0B $37.3B – $41.0B
|
$41.7B $41.6B – $41.8B
|
$44.2B $42.1B – $45.1B
|
$46.6B $44.3B – $47.5B
|
| EBITDA |
$10.8B $10.1B – $11.1B
|
$11.3B $11.3B – $11.3B
|
$12.0B $11.4B – $12.2B
|
$12.6B $12.0B – $12.9B
|
| Net Income |
$8.3B $8.1B – $8.5B
|
$8.7B $8.1B – $9.3B
|
$9.8B $9.2B – $10.1B
|
$10.6B $9.9B – $10.9B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 23, 2026 3:02am (4d ago)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue Growth | -1.4% | +3.6% | +3.6% | +8.4% |
| Gross Profit Growth | -4.8% | +3.1% | +3.6% | +7.9% |
| Operating Income Growth | -4.6% | -6.2% | +15.8% | +8.6% |
| Net Income Growth | -25.4% | -2.2% | +26.8% | +3.0% |
| EBITDA Growth | -0.9% | -5.7% | +12.4% | +6.4% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-18 | Thompson Kweli | 0.00 | $0.00 | $0 | |
| 2026-06-18 | Thompson Kweli | 3,252.99 | $0.00 | $0 | |
| 2026-06-18 | Thompson Kweli | 9,178.81 | $0.00 | $0 | |
| 2017-08-01 | Thompson Kweli | 1,704.00 | $88.06 | $150,054 | |
| 2018-01-30 | Thompson Kweli | 1,608.00 | $74.67 | $120,069 | |
| 2018-07-31 | Thompson Kweli | 4,407.00 | $83.97 | $370,056 | |
| 2019-07-30 | Thompson Kweli | 6,271.00 | $89.08 | $558,621 | |
| 2020-07-29 | Thompson Kweli | 1,615.00 | $103.26 | $166,765 | |
| 2021-08-03 | Thompson Kweli | 10,181.00 | $97.33 | $990,917 | |
| 2022-08-02 | Thompson Kweli | 6,358.00 | $131.26 | $834,551 | |
| 2023-08-01 | Thompson Kweli | 26,890.00 | $93.08 | $2.5M | |
| 2024-07-31 | Thompson Kweli | 25,408.00 | $87.76 | $2.2M | |
| 2025-07-29 | Thompson Kweli | 1,540.00 | $80.00 | $123,200 | |
| 2026-07-28 | Thompson Kweli | 22,363.00 | $91.97 | $2.1M | |
| 2026-06-08 | KIIL HARRY SKIP | S-Sale | 3,961.00 | $80.44 | $318,623 |
| 2026-06-08 | KIIL HARRY SKIP | S-Sale | 228.00 | $80.45 | $18,343 |
| 2026-06-04 | KIIL HARRY SKIP | F-InKind | 6,817.00 | $83.32 | $567,992 |
| 2026-06-04 | Martha Geoffrey | F-InKind | 41,936.00 | $83.32 | $3.5M |
| 2026-06-04 | Marinaro Michael | F-InKind | 7,471.00 | $83.32 | $622,484 |
| 2026-06-04 | Walter Matthew R. | F-InKind | 2,840.00 | $83.32 | $236,629 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:40pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-26 | $0.72 | 2026-06-03 | 2026-06-26 | 2026-07-17 |
| 2026-03-27 | $0.71 | 2026-03-05 | 2026-03-27 | 2026-04-17 |
| 2025-12-26 | $0.71 | 2025-12-04 | 2025-12-26 | 2026-01-16 |
| 2025-09-26 | $0.71 | 2025-08-14 | 2025-09-26 | 2025-10-17 |
| 2025-06-27 | $0.71 | 2025-05-20 | 2025-06-27 | 2025-07-11 |
| 2025-03-28 | $0.70 | 2025-03-06 | 2025-03-28 | 2025-04-11 |
| 2024-12-27 | $0.70 | 2024-12-05 | 2024-12-27 | 2025-01-10 |
| 2024-09-27 | $0.70 | 2024-08-15 | 2024-09-27 | 2024-10-11 |
| 2024-06-28 | $0.70 | 2024-05-22 | 2024-06-28 | 2024-07-12 |
| 2024-03-21 | $0.69 | 2024-03-07 | 2024-03-22 | 2024-04-12 |
| 2023-12-19 | $0.69 | 2023-12-07 | 2023-12-20 | 2024-01-12 |
| 2023-09-21 | $0.69 | 2023-08-17 | 2023-09-22 | 2023-10-13 |
| 2023-06-22 | $0.69 | 2023-05-24 | 2023-06-23 | 2023-07-14 |
| 2023-03-23 | $0.68 | 2023-03-02 | 2023-03-24 | 2023-04-14 |
| 2022-12-20 | $0.68 | 2022-12-08 | 2022-12-21 | 2023-01-13 |
| 2022-09-22 | $0.68 | 2022-08-18 | 2022-09-23 | 2022-10-14 |
| 2022-06-23 | $0.68 | 2022-05-25 | 2022-06-24 | 2022-07-15 |
| 2022-03-24 | $0.63 | 2022-03-03 | 2022-03-25 | 2022-04-22 |
| 2021-12-21 | $0.63 | 2021-12-09 | 2021-12-22 | 2022-01-14 |
| 2021-09-23 | $0.63 | 2021-08-20 | 2021-09-24 | 2021-10-15 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MDT — it's generated by the pipeline (
market-narrative step).
No community reviews yet for MDT.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30