CVS vs. MDT: CVS Health vs. Medtronic Stock Comparison

August 16, 2026

How do CVS Health (CVS) 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

CVS Health (CVS) and Medtronic (MDT) both fall under the Health Care Equipment & Services industry group, but CVS is classified in Health Care Providers & Services while MDT is classified in Health Care Equipment & Supplies.

Company profile comparison for CVS Health (CVS) and Medtronic (MDT)
Profile Item	CVS	MDT
Name	CVS Health Corporation	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 Providers & Services	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Services	Health Care Equipment
Market Capitalization	124.26 billion USD	116.83 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	May 2, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CVS

MDT

GSPC

CVS Health (CVS) 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 CVS Health (CVS) and Medtronic (MDT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for CVS Health (CVS) and Medtronic (MDT)
Metric	CVS	MDT
Total Return (1Y)	50.22%	2.45%
Total Return (3Y, Annualized)	13.59%	6.60%
Total Return (5Y, Annualized)	6.33%	-3.62%

Risk Profile

Drawdown History

CVS

MDT

GSPC

CVS Health (CVS) 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 CVS Health (CVS) and Medtronic (MDT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CVS Health (CVS) and Medtronic (MDT)
Metric	CVS	MDT
Volatility (1Y, Annualized)	30.97%	23.63%
Beta (5Y)	0.58	0.56
Max Drawdown (5Y)	-56.79%	-45.10%
Avg. Volume (3M)	8.19M	9.30M

Risk-Adjusted Performance

Risk-Return Positioning

CVS 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 CVS Health (CVS) and Medtronic (MDT)
Metric	CVS	MDT
Sharpe Ratio (1Y)	1.49	-0.06
Sortino Ratio (1Y)	2.08	-0.10

Profitability

ROE (TTM)

Both CVS Health (CVS) at 6.21% 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.

CVS

Health Care Equipment & Services industry group

6.21%

Max: 47.06%
Q3: 14.60%
CVS: 6.21%
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%

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

Net Margin (TTM)

Medtronic (MDT) at 13.20% retains a top-quartile share of revenue as profit, ahead of CVS Health (CVS) at 1.19%, which keeps about the industry-typical share.

CVS

Health Care Equipment & Services industry group

1.19%

Max: 28.45%
Q3: 9.22%
Median: 1.85%
CVS: 1.19%
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%

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

Operating Margin (TTM)

Medtronic (MDT) at 22.05% operates in the top operating margin quartile, ahead of CVS Health (CVS) at 3.86%, which runs around its industry’s norm.

CVS

Health Care Equipment & Services industry group

3.86%

Max: 38.55%
Q3: 14.43%
Median: 7.25%
CVS: 3.86%
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%

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

Profitability Metrics

Profitability metrics for CVS Health (CVS) and Medtronic (MDT)
Metric	CVS	MDT
ROE (TTM)	6.21%	9.84%
ROA (TTM)	2.97%	4.92%
Net Margin (TTM)	1.19%	13.20%
Operating Margin (TTM)	3.86%	22.05%
Gross Margin (TTM)	13.65%	65.31%

Growth

Revenue Growth

Both CVS Health (CVS) at 7.85% 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.

CVS Health (CVS) vs. Medtronic (MDT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: CVS Health (CVS) reports EPS growth of -62.02%, ranked against its industry; Medtronic (MDT) has no EPS growth figure this period.

CVS Health (CVS) vs. Medtronic (MDT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CVS Health (CVS) and Medtronic (MDT)
Metric	CVS	MDT
Revenue Growth (YoY)	7.85%	8.43%
Revenue Growth (3Y CAGR)	7.63%	5.21%
EPS Growth (YoY)	-62.02%	--
EPS Growth (3Y CAGR)	-24.73%	--

Financial Strength

Current Ratio (MRQ)

Medtronic (MDT) at 2.13 keeps current ratio within its industry’s typical mid-range, while CVS Health (CVS) at 0.87 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CVS.

CVS

Health Care Equipment & Services industry group

0.87

Max: 8.18
Q3: 4.20
Median: 1.99
Q1: 1.34
CVS: 0.87
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

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

Debt / Equity (MRQ)

Both CVS Health (CVS) at 0.96 and Medtronic (MDT) at 0.58 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

CVS

Health Care Equipment & Services industry group

0.96

Max: 2.02
Q3: 1.01
CVS: 0.96
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

CVS Health (CVS) 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 CVS Health (CVS) and Medtronic (MDT)
Metric	CVS	MDT
Current Ratio (MRQ)	0.87	2.13
Debt / Equity (MRQ)	0.96	0.58
Net Debt / EBITDA	3.74	1.97

Dividends

Dividend Yield (TTM)

Both CVS Health (CVS) at 2.80% and Medtronic (MDT) at 3.14% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

CVS

Health Care Equipment & Services industry group

2.80%

CVS: 2.80%
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%

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

Dividend Payout Ratio (TTM)

Both CVS Health (CVS) at 70.18% 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.

CVS

Health Care Equipment & Services industry group

70.18%

CVS: 70.18%
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%

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

Dividend Metrics

Dividend metrics for CVS Health (CVS) and Medtronic (MDT)
Metric	CVS	MDT
Dividend Yield (TTM)	2.80%	3.14%
Dividend Payout Ratio (TTM)	70.18%	76.14%

Valuation

P/E Ratio (TTM)

Both CVS Health (CVS) at 25.64 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.

CVS

Health Care Equipment & Services industry group

25.64

Max: 76.75
Q3: 44.61
Median: 28.57
CVS: 25.64
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

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

P/S Ratio (TTM)

CVS Health (CVS) at 0.30 sits in the cheaper P/S ratio quartile while Medtronic (MDT) at 3.21 prices around its industry’s middle — CVS costs less per dollar of sales, though read it alongside growth and margins.

CVS

Health Care Equipment & Services industry group

0.30

Max: 9.63
Q3: 4.61
Median: 2.28
Q1: 1.15
CVS: 0.30
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

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

P/B Ratio (MRQ)

CVS Health (CVS) at 1.56 sits in the lower P/B ratio quartile against book while Medtronic (MDT) at 2.36 is valued near its industry’s middle — CVS is cheaper on assets, though weigh it against ROE and asset quality.

CVS

Health Care Equipment & Services industry group

1.56

Max: 12.92
Q3: 6.30
Median: 3.18
Q1: 1.75
CVS: 1.56
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

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

Valuation Metrics

Valuation metrics for CVS Health (CVS) and Medtronic (MDT)
Metric	CVS	MDT
P/E Ratio (TTM)	25.64	24.47
P/S Ratio (TTM)	0.30	3.21
P/B Ratio (MRQ)	1.56	2.36
Free Cash Flow Yield (TTM)	6.50%	3.96%