Medtronic
MDT stock analysis · Health Care · Health Care Equipment
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-06-12. Approximate; share and price dates can differ.
View share-count filing ↗Reviewed debt balance
Reviewed consolidated balance-sheet debt: current debt 1788000000 plus noncurrent debt 26173000000, in USD. Includes current borrowings/current maturities already reported in the current debt line; current borrowings are included once in the capital calculation. Uses debt carrying amounts as presented, including financing leases only where included by the issuer; excludes operating leases and trade/insurance liabilities. This is a book-capital proxy, not fair value or a claim that every other liability is financing debt. Applies only to this reviewed fiscal period. Read the financial statement ↗
DCF value
Equity cash-flow scenario · SEC outstanding shares at 2026-06-12 · -17.7% versus input cap
How this is calculated ↗Reverse DCF
Annual basis · read assumptions below
How this is calculated ↗Relative valuation
14 industry peers · median 28.3×
How this is calculated ↗Historical multiples
7 annual observations · snapshot P/E 20.9× · -25.1% versus history
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Normalized tax · financing-capital proxy
How this is calculated ↗Value composite
Annual basis · read assumptions below
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Annual basis · read assumptions below
How this is calculated ↗Accrual quality
Annual basis · read assumptions below
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | $80.75 | $88.11 | $96.02 |
| 10.0% | $59.18 | $64.38 | $69.97 |
| 12.0% | $46.69 | $50.66 | $54.92 |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2026-04-24 | 36.4B | 4.8B | 7.3B | 1.9B | 93B |
| 2025-04-25 | 33.5B | 4.7B | 7B | 1.9B | 91.7B |
| 2024-04-26 | 32.4B | 3.7B | 6.8B | 1.6B | 90B |
| 2023-04-28 | 31.2B | 3.8B | 6B | 1.5B | 90.9B |
| 2022-04-29 | 31.7B | 5.1B | 7.3B | 1.4B | 91B |
| 2021-04-30 | 30.1B | 3.6B | 6.2B | 1.4B | 93.1B |
| 2020-04-24 | 28.9B | 4.8B | 7.2B | 1.2B | 90.7B |
| 2019-04-26 | 30.6B | 4.7B | 7B | 1.1B | 89.7B |
| 2018-04-27 | 30B | 3.1B | 4.7B | 1.1B | 91.4B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 36.4B | RevenueFromContractWithCustomerExcludingAssessedTax | 2026-06-18 |
| netIncome | 4.8B | ProfitLoss Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-06-18 |
| Parent/common earnings proxy | 4.8B | NetIncomeLoss | 2026-06-18 |
| cfo | 7.3B | NetCashProvidedByUsedInOperatingActivities | 2026-06-18 |
| capex | 1.9B | PaymentsToAcquirePropertyPlantAndEquipment | 2026-06-18 |
| operatingIncome | 6.5B | OperatingIncomeLoss | 2026-06-18 |
| assets | 93B | Assets | 2026-06-18 |
| equity | 50.1B | StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-06-18 |
| Parent book equity proxy | 49.5B | StockholdersEquity | 2026-06-18 |
| debt | 28B | Reviewed manual correction Reviewed consolidated balance-sheet debt: current debt 1788000000 plus noncurrent debt 26173000000, in USD. Includes current borrowings/current maturities already reported in the current debt line; current borrowings are included once in the capital calculation. Uses debt carrying amounts as presented, including financing leases only where included by the issuer; excludes operating leases and trade/insurance liabilities. This is a book-capital proxy, not fair value or a claim that every other liability is financing debt. Applies only to this reviewed fiscal period. | 2026-06-18 |
| shortDebt | — | Not reported under a supported tag | — |
| cash | 1.9B | CashAndCashEquivalentsAtCarryingValue | 2026-06-18 |
| shares | 1.3B | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-06-18 |
| dividends | 3.6B | PaymentsOfDividendsCommonStock | 2026-06-18 |
| buybacks | 1B | PaymentsForRepurchaseOfCommonStock | 2026-06-18 |
| issuance | 516M | ProceedsFromIssuanceOfCommonStock | 2026-06-18 |