Seek Returns

Medtronic (MDT) Stock Analysis

This is a peer-relative look at Medtronic (MDT): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Health Care Equipment & Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Medtronic (MDT)
Profile ItemMDT
NameMedtronic plc
Country/RegionIreland
GICS SectorHealth Care
GICS Industry GroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
GICS Sub-IndustryHealth Care Equipment
Market Capitalization105.41 billion USD
CurrencyUSD
ExchangeNYSE
Listing DateMay 2, 1973
Security TypeCommon Stock

Price Performance

Cumulative Growth

MDT
GSPC
Loading price history…
Medtronic (MDT) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…
Trailing total returns for Medtronic (MDT) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Medtronic (MDT) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Medtronic (MDT) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: MDTIndustry group median
Total Return (1Y)-5.21%17.01%
Total Return (3Y, Annualized)0.72%-0.94%
Total Return (5Y, Annualized)-5.39%-4.33%

Risk Profile

Drawdown History

MDT
GSPC
Loading price history…
Medtronic (MDT) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…
Distribution of monthly total returns for Medtronic (MDT) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Medtronic (MDT) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: MDTIndustry group median
Volatility (1Y, Annualized)23.37%49.85%
Beta (5Y)0.560.87
Max Drawdown (5Y)-45.10%-71.62%

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. MDT is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Medtronic (MDT) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: MDTIndustry group median
Sharpe Ratio (1Y)-0.400.28
Sortino Ratio (1Y)-0.590.45

Profitability

ROE (TTM)

Medtronic (MDT) posts ROE of 9.84%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

MDT

Health Care Equipment & Services industry group

9.84%

Group distribution
Max
53.65%
Q3
13.93%
MDT
9.84%
Median
3.71%
Q1
-16.92%
Min
-59.21%
Largest peers
ISRG
17.42%
SYK
15.20%
UNH
14.15%
MDT
9.84%
CVS
3.75%
ABT
--
MCK
--
Loading chart…
Where Medtronic (MDT) stands on ROE within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Medtronic (MDT) keeps 13.20% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

MDT

Health Care Equipment & Services industry group

13.20%

Group distribution
Max
30.40%
MDT
13.20%
Q3
8.56%
Median
1.55%
Q1
-9.20%
Min
-34.34%
Largest peers
ISRG
28.45%
SYK
13.21%
MDT
13.20%
ABT
11.65%
UNH
3.14%
MCK
1.18%
CVS
0.72%
Loading chart…
Where Medtronic (MDT) stands on net margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Medtronic (MDT) turns 22.05% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

MDT

Health Care Equipment & Services industry group

22.05%

Group distribution
Max
37.54%
MDT
22.05%
Q3
12.86%
Median
5.54%
Q1
-4.10%
Min
-25.61%
Largest peers
ISRG
33.75%
MDT
22.05%
SYK
17.82%
ABT
14.15%
UNH
7.13%
CVS
4.12%
MCK
2.21%
Loading chart…
Where Medtronic (MDT) stands on operating margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Medtronic (MDT) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: MDTIndustry group median
ROE (TTM)9.84%3.71%
ROA (TTM)4.92%3.01%
Net Margin (TTM)13.20%1.55%
Operating Margin (TTM)22.05%5.54%
Gross Margin (TTM)65.31%54.20%

Growth

Revenue Growth

Medtronic (MDT) grew revenue 8.43%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Loading chart…
Medtronic (MDT): Revenue Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

EPS Growth

No usable EPS growth is available for Medtronic (MDT) this period, so the earnings-momentum read is skipped.

Loading chart…
Medtronic (MDT) doesn't report EPS Growth this period; the bars show the Health Care Equipment & Services industry-group medians on their own.

Growth Metrics

Medtronic (MDT) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: MDTIndustry group median
Revenue Growth (YoY)8.43%11.75%
Revenue Growth (3Y CAGR)5.21%11.37%
EPS Growth (YoY)--4.84%
EPS Growth (3Y CAGR)--13.94%

Financial Strength

Current Ratio (MRQ)

Medtronic (MDT) has current ratio of 2.13, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

MDT

Health Care Equipment & Services industry group

2.13

Group distribution
Max
7.79
Q3
4.32
MDT
2.13
Median
2.03
Q1
1.34
Min
0.04
Largest peers
ISRG
6.43
MDT
2.13
SYK
2.11
CVS
0.87
MCK
0.85
UNH
0.78
ABT
--
Loading chart…
Where Medtronic (MDT) stands on current ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Medtronic (MDT) has debt-to-equity ratio of 0.58, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

MDT

Health Care Equipment & Services industry group

0.58

Group distribution
Max
2.02
Q3
0.99
MDT
0.58
Median
0.58
Q1
0.15
Min
0.00
Largest peers
CVS
1.01
UNH
0.69
SYK
0.66
ABT
0.65
MDT
0.58
ISRG
--
MCK
--
Loading chart…
Where Medtronic (MDT) stands on debt-to-equity ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Medtronic (MDT) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: MDTIndustry group median
Current Ratio (MRQ)2.132.03
Debt / Equity (MRQ)0.580.58
Net Debt / EBITDA1.972.02

Dividends

Dividend Yield (TTM)

Medtronic (MDT) has dividend yield of 3.41%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

MDT

Health Care Equipment & Services industry group

3.41%

Group distribution
MDT
3.41%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
MDT
3.41%
CVS
2.47%
ABT
2.44%
SYK
1.08%
UNH
1.05%
MCK
0.38%
ISRG
0.00%
Loading chart…
Where Medtronic (MDT) stands on dividend yield within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Medtronic (MDT) has payout ratio of 76.14%, above the peer distribution for its industry. The dividend consumes more reported earnings than peers normally do, leaving unusually thin earnings cover.

MDT

Health Care Equipment & Services industry group

76.14%

Group distribution
MDT
76.14%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
CVS
116.67%
ABT
78.96%
MDT
76.14%
UNH
66.57%
SYK
39.81%
MCK
8.26%
ISRG
0.00%
Loading chart…
Where Medtronic (MDT) stands on payout ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Medtronic (MDT) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: MDTIndustry group median
Dividend Yield (TTM)3.41%0.00%
Dividend Payout Ratio (TTM)76.14%0.00%

Valuation

P/E Ratio (TTM)

Medtronic (MDT) trades at P/E ratio of 22.32, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

MDT

Health Care Equipment & Services industry group

22.32

Group distribution
Max
73.47
Q3
45.86
Median
30.56
MDT
22.32
Q1
21.37
Min
0.91
Largest peers
CVS
47.26
ISRG
40.47
SYK
36.88
ABT
32.89
UNH
31.73
MDT
22.32
MCK
21.65
Loading chart…
Where Medtronic (MDT) stands on P/E ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Medtronic (MDT) trades at 2.90 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

MDT

Health Care Equipment & Services industry group

2.90

Group distribution
Max
8.58
Q3
4.23
MDT
2.90
Median
2.05
Q1
1.10
Min
0.04
Largest peers
ISRG
11.24
SYK
4.77
ABT
3.73
MDT
2.90
UNH
0.88
CVS
0.35
MCK
0.24
Loading chart…
Where Medtronic (MDT) stands on P/S ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Medtronic (MDT) trades at 2.13 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

MDT

Health Care Equipment & Services industry group

2.13

Group distribution
Max
12.13
Q3
5.82
Median
2.96
MDT
2.13
Q1
1.56
Min
-2.02
Largest peers
ISRG
7.10
SYK
5.25
UNH
3.78
ABT
3.33
MDT
2.13
CVS
1.82
MCK
-45.79
Loading chart…
Where Medtronic (MDT) stands on P/B ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Medtronic (MDT) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: MDTIndustry group median
P/E Ratio (TTM)22.3230.56
P/S Ratio (TTM)2.902.05
P/B Ratio (MRQ)2.132.96
Free Cash Flow Yield (TTM)4.39%3.73%