ABT vs. MDT: Abbott Laboratories vs. Medtronic Stock Comparison

August 16, 2026

How do Abbott Laboratories (ABT) and Medtronic (MDT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Abbott Laboratories (ABT) and Medtronic (MDT) are both classified in the Health Care Equipment sub-industry within the broader Health Care Equipment & Supplies industry, placing them in the closest GICS peer bucket.

Company profile comparison for Abbott Laboratories (ABT) and Medtronic (MDT)
Profile Item	ABT	MDT
Name	Abbott Laboratories	Medtronic plc
Country/Region	United States	Ireland
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Equipment	Health Care Equipment
Market Capitalization	192.51 billion USD	116.83 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	May 2, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ABT

MDT

GSPC

Abbott Laboratories (ABT) vs. Medtronic (MDT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Abbott Laboratories (ABT) and Medtronic (MDT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Abbott Laboratories (ABT) and Medtronic (MDT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Abbott Laboratories (ABT) and Medtronic (MDT)
Metric	ABT	MDT
Total Return (1Y)	-11.96%	2.45%
Total Return (3Y, Annualized)	3.73%	6.60%
Total Return (5Y, Annualized)	-0.07%	-3.62%

Risk Profile

Drawdown History

ABT

MDT

GSPC

Abbott Laboratories (ABT) vs. Medtronic (MDT), with S&P 500 (GSPC) for reference: 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

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Distribution of monthly total returns for Abbott Laboratories (ABT) and Medtronic (MDT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Abbott Laboratories (ABT) and Medtronic (MDT)
Metric	ABT	MDT
Volatility (1Y, Annualized)	26.47%	23.63%
Beta (5Y)	0.60	0.56
Max Drawdown (5Y)	-39.64%	-45.10%
Avg. Volume (3M)	12.06M	9.30M

Risk-Adjusted Performance

Risk-Return Positioning

ABT and MDT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Abbott Laboratories (ABT) and Medtronic (MDT)
Metric	ABT	MDT
Sharpe Ratio (1Y)	-0.60	-0.06
Sortino Ratio (1Y)	-0.85	-0.10

Profitability

ROE (TTM)

Both Abbott Laboratories (ABT) at 10.58% and Medtronic (MDT) at 9.84% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

ABT

Health Care Equipment & Services industry group

10.58%

Max: 47.06%
Q3: 14.60%
ABT: 10.58%
Median: 4.59%
Q1: -14.37%
Min: -56.60%

MDT

Health Care Equipment & Services industry group

9.84%

Max: 47.06%
Q3: 14.60%
MDT: 9.84%
Median: 4.59%
Q1: -14.37%
Min: -56.60%

Abbott Laboratories (ABT) vs. Medtronic (MDT): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Abbott Laboratories (ABT) at 11.65% and Medtronic (MDT) at 13.20% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ABT

Health Care Equipment & Services industry group

11.65%

Max: 28.45%
ABT: 11.65%
Q3: 9.22%
Median: 1.85%
Q1: -7.13%
Min: -30.69%

MDT

Health Care Equipment & Services industry group

13.20%

Max: 28.45%
MDT: 13.20%
Q3: 9.22%
Median: 1.85%
Q1: -7.13%
Min: -30.69%

Abbott Laboratories (ABT) vs. Medtronic (MDT): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both Abbott Laboratories (ABT) at 14.71% and Medtronic (MDT) at 22.05% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

ABT

Health Care Equipment & Services industry group

14.71%

Max: 38.55%
ABT: 14.71%
Q3: 14.43%
Median: 7.25%
Q1: -2.09%
Min: -24.66%

MDT

Health Care Equipment & Services industry group

22.05%

Max: 38.55%
MDT: 22.05%
Q3: 14.43%
Median: 7.25%
Q1: -2.09%
Min: -24.66%

Abbott Laboratories (ABT) vs. Medtronic (MDT): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Abbott Laboratories (ABT) and Medtronic (MDT)
Metric	ABT	MDT
ROE (TTM)	10.58%	9.84%
ROA (TTM)	5.33%	4.92%
Net Margin (TTM)	11.65%	13.20%
Operating Margin (TTM)	14.71%	22.05%
Gross Margin (TTM)	56.85%	65.31%

Growth

Revenue Growth

Both Abbott Laboratories (ABT) at 5.67% and Medtronic (MDT) at 8.43% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Abbott Laboratories (ABT) vs. Medtronic (MDT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Abbott Laboratories (ABT) reports EPS growth of -51.31%, ranked against its industry; Medtronic (MDT) has no EPS growth figure this period.

Abbott Laboratories (ABT) vs. Medtronic (MDT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Abbott Laboratories (ABT) and Medtronic (MDT)
Metric	ABT	MDT
Revenue Growth (YoY)	5.67%	8.43%
Revenue Growth (3Y CAGR)	0.51%	5.21%
EPS Growth (YoY)	-51.31%	--
EPS Growth (3Y CAGR)	-1.65%	--

Financial Strength

Current Ratio (MRQ)

Both Abbott Laboratories (ABT) at 1.38 and Medtronic (MDT) at 2.13 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

ABT

Health Care Equipment & Services industry group

1.38

Max: 8.18
Q3: 4.20
Median: 1.99
ABT: 1.38
Q1: 1.34
Min: 0.15

MDT

Health Care Equipment & Services industry group

2.13

Max: 8.18
Q3: 4.20
MDT: 2.13
Median: 1.99
Q1: 1.34
Min: 0.15

Abbott Laboratories (ABT) vs. Medtronic (MDT): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both Abbott Laboratories (ABT) at 0.63 and Medtronic (MDT) at 0.58 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ABT

Health Care Equipment & Services industry group

0.63

Max: 2.02
Q3: 1.01
ABT: 0.63
Median: 0.63
Q1: 0.15
Min: 0.00

MDT

Health Care Equipment & Services industry group

0.58

Max: 2.02
Q3: 1.01
Median: 0.63
MDT: 0.58
Q1: 0.15
Min: 0.00

Abbott Laboratories (ABT) vs. Medtronic (MDT): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Abbott Laboratories (ABT) and Medtronic (MDT)
Metric	ABT	MDT
Current Ratio (MRQ)	1.38	2.13
Debt / Equity (MRQ)	0.63	0.58
Net Debt / EBITDA	2.32	1.97

Dividends

Dividend Yield (TTM)

Both Abbott Laboratories (ABT) at 2.23% and Medtronic (MDT) at 3.14% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

ABT

Health Care Equipment & Services industry group

2.23%

ABT: 2.23%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MDT

Health Care Equipment & Services industry group

3.14%

MDT: 3.14%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Abbott Laboratories (ABT) vs. Medtronic (MDT): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Abbott Laboratories (ABT) at 78.96% and Medtronic (MDT) at 76.14% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

ABT

Health Care Equipment & Services industry group

78.96%

ABT: 78.96%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MDT

Health Care Equipment & Services industry group

76.14%

MDT: 76.14%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Abbott Laboratories (ABT) vs. Medtronic (MDT): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Abbott Laboratories (ABT) and Medtronic (MDT)
Metric	ABT	MDT
Dividend Yield (TTM)	2.23%	3.14%
Dividend Payout Ratio (TTM)	78.96%	76.14%

Valuation

P/E Ratio (TTM)

Both Abbott Laboratories (ABT) at 36.00 and Medtronic (MDT) at 24.47 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ABT

Health Care Equipment & Services industry group

36.00

Max: 76.75
Q3: 44.61
ABT: 36.00
Median: 28.57
Q1: 20.73
Min: 1.62

MDT

Health Care Equipment & Services industry group

24.47

Max: 76.75
Q3: 44.61
Median: 28.57
MDT: 24.47
Q1: 20.73
Min: 1.62

Abbott Laboratories (ABT) vs. Medtronic (MDT): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Abbott Laboratories (ABT) at 4.16 and Medtronic (MDT) at 3.21 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

ABT

Health Care Equipment & Services industry group

4.16

Max: 9.63
Q3: 4.61
ABT: 4.16
Median: 2.28
Q1: 1.15
Min: 0.04

MDT

Health Care Equipment & Services industry group

3.21

Max: 9.63
Q3: 4.61
MDT: 3.21
Median: 2.28
Q1: 1.15
Min: 0.04

Abbott Laboratories (ABT) vs. Medtronic (MDT): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Abbott Laboratories (ABT) at 3.77 and Medtronic (MDT) at 2.36 are valued close to their industries’ norm against book — neither stands out from peers.

ABT

Health Care Equipment & Services industry group

3.77

Max: 12.92
Q3: 6.30
ABT: 3.77
Median: 3.18
Q1: 1.75
Min: -2.19

MDT

Health Care Equipment & Services industry group

2.36

Max: 12.92
Q3: 6.30
Median: 3.18
MDT: 2.36
Q1: 1.75
Min: -2.19

Abbott Laboratories (ABT) vs. Medtronic (MDT): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Abbott Laboratories (ABT) and Medtronic (MDT)
Metric	ABT	MDT
P/E Ratio (TTM)	36.00	24.47
P/S Ratio (TTM)	4.16	3.21
P/B Ratio (MRQ)	3.77	2.36
Free Cash Flow Yield (TTM)	3.74%	3.96%