MCK vs. MDT: McKesson vs. Medtronic Stock Comparison

June 13, 2026

This page compares McKesson (MCK) with Medtronic (MDT) using performance and risk, profitability, financial strength, growth, dividends, and valuation metrics.

Performance

Cumulative Growth

MCK

MDT

McKesson (MCK) vs. Medtronic (MDT): 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 McKesson (MCK) and Medtronic (MDT). Returns over one year are annualized.

Performance at a Glance

Performance metrics for McKesson (MCK) and Medtronic (MDT)
Metric	MCK	MDT
1-Year Return	7.72%	-6.49%

Risk

Drawdown

MCK

MDT

McKesson (MCK) vs. Medtronic (MDT): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Risk metrics for McKesson (MCK) and Medtronic (MDT)
Metric	MCK	MDT
1-Year Volatility	29.15%	21.11%
Beta	0.30	0.56
3-Month Avg. Volume	1.01M	9.79M

Company Profile

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

Company profile comparison for McKesson (MCK) and Medtronic (MDT)
Profile Item	MCK	MDT
Name	McKesson 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 Distributors	Health Care Equipment
Market Capitalization	94.25 billion USD	102.97 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 10, 1994	May 2, 1973
Security Type	Common Stock	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

Both McKesson (MCK) at 20.41 and Medtronic (MDT) at 21.50 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

MCK

Health Care Equipment & Services industry group

20.41

Max: 80.40
Q3: 44.58
Median: 28.09
MCK: 20.41
Q1: 19.76
Min: 0.91

MDT

Health Care Equipment & Services industry group

21.50

Max: 80.40
Q3: 44.58
Median: 28.09
MDT: 21.50
Q1: 19.76
Min: 0.91

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

Price-to-Sales Ratio (TTM)

McKesson (MCK) at 0.23 sits in the cheaper P/S ratio quartile while Medtronic (MDT) at 2.83 prices around its industry’s middle — MCK costs less per dollar of sales, though read it alongside growth and margins.

MCK

Health Care Equipment & Services industry group

0.23

Max: 8.62
Q3: 4.20
Median: 1.94
Q1: 1.01
MCK: 0.23
Min: 0.04

MDT

Health Care Equipment & Services industry group

2.83

Max: 8.62
Q3: 4.20
MDT: 2.83
Median: 1.94
Q1: 1.01
Min: 0.04

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

Price-to-Book Ratio (MRQ)

McKesson (MCK) reports a negative P/B ratio of -43.32, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Medtronic (MDT) reports 2.10, ranking against industry peers normally.

MCK

Health Care Equipment & Services industry group

-43.32

Max: 11.03
Q3: 5.50
Median: 2.78
Q1: 1.47
Min: -2.18
MCK: -43.32

MDT

Health Care Equipment & Services industry group

2.10

Max: 11.03
Q3: 5.50
Median: 2.78
MDT: 2.10
Q1: 1.47
Min: -2.18

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

Valuation at a Glance

Valuation metrics for McKesson (MCK) and Medtronic (MDT)
Metric	MCK	MDT
Price-to-Earnings Ratio (TTM)	20.41	21.50
Price-to-Sales Ratio (TTM)	0.23	2.83
Price-to-Book Ratio (MRQ)	-43.32	2.10
Free Cash Flow Yield	6.00%	--

Profitability

Return on Equity (TTM)

Capital efficiency shows on one side only: Medtronic (MDT) earns 9.93% on shareholders’ equity, ranked against its industry; McKesson (MCK) has no ROE this period.

MCK

Health Care Equipment & Services industry group

Max: 53.65%
Q3: 12.73%
Median: 3.57%
Q1: -17.96%
Min: -59.21%
MCK: --

MDT

Health Care Equipment & Services industry group

9.93%

Max: 53.65%
Q3: 12.73%
MDT: 9.93%
Median: 3.57%
Q1: -17.96%
Min: -59.21%

McKesson (MCK) vs. Medtronic (MDT): MCK does not report ROE, so it has no value marker; MDT is benchmarked against the Health Care Equipment & Services industry group.

Net Profit Margin (TTM)

Medtronic (MDT) at 13.20% retains a top-quartile share of revenue as profit, ahead of McKesson (MCK) at 1.18%, which keeps about the industry-typical share.

MCK

Health Care Equipment & Services industry group

1.18%

Max: 30.40%
Q3: 7.96%
Median: 1.27%
MCK: 1.18%
Q1: -9.77%
Min: -34.34%

MDT

Health Care Equipment & Services industry group

13.20%

Max: 30.40%
MDT: 13.20%
Q3: 7.96%
Median: 1.27%
Q1: -9.77%
Min: -34.34%

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

Operating Profit Margin (TTM)

Medtronic (MDT) at 21.30% operates in the top operating margin quartile, ahead of McKesson (MCK) at 2.21%, which runs around its industry’s norm.

MCK

Health Care Equipment & Services industry group

2.21%

Max: 35.33%
Q3: 11.89%
Median: 5.44%
MCK: 2.21%
Q1: -4.59%
Min: -25.61%

MDT

Health Care Equipment & Services industry group

21.30%

Max: 35.33%
MDT: 21.30%
Q3: 11.89%
Median: 5.44%
Q1: -4.59%
Min: -25.61%

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

Profitability at a Glance

Profitability metrics for McKesson (MCK) and Medtronic (MDT)
Metric	MCK	MDT
Return on Equity (TTM)	--	9.93%
Return on Assets (TTM)	4.99%	--
Net Profit Margin (TTM)	1.18%	13.20%
Operating Profit Margin (TTM)	2.21%	21.30%
Gross Profit Margin (TTM)	3.60%	65.38%

Growth

Revenue Growth

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

Revenue Growth at a Glance

Revenue growth metrics for McKesson (MCK) and Medtronic (MDT)
Metric	MCK	MDT
1-Year Revenue Growth	12.36%	3.62%
3-Year Revenue CAGR	13.39%	1.91%

EPS Growth

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

EPS Growth at a Glance

EPS growth metrics for McKesson (MCK) and Medtronic (MDT)
Metric	MCK	MDT
1-Year EPS Growth	49.22%	30.80%
3-Year EPS CAGR	15.31%	-1.08%

Financial Strength

Current Ratio (MRQ)

Short-term liquidity can only be read on one side of this pairing: McKesson (MCK) shows current ratio of 0.85 against its industry benchmark, while Medtronic (MDT) has no reading this period.

MCK

Health Care Equipment & Services industry group

0.85

Max: 7.79
Q3: 4.29
Median: 1.95
Q1: 1.33
MCK: 0.85
Min: 0.04

MDT

Health Care Equipment & Services industry group

Max: 7.79
Q3: 4.29
Median: 1.95
Q1: 1.33
Min: 0.04
MDT: --

McKesson (MCK) vs. Medtronic (MDT): MDT does not report current ratio, so it has no value marker; MCK is benchmarked against the Health Care Equipment & Services industry group.

Debt-to-Equity Ratio (MRQ)

Only one side’s leverage can be read here: Medtronic (MDT) carries debt-to-equity ratio of 0.57 against its industry range, while McKesson (MCK) reports no figure this period.

MCK

Health Care Equipment & Services industry group

Max: 2.02
Q3: 1.01
Median: 0.60
Q1: 0.16
Min: 0.00
MCK: --

MDT

Health Care Equipment & Services industry group

0.57

Max: 2.02
Q3: 1.01
Median: 0.60
MDT: 0.57
Q1: 0.16
Min: 0.00

McKesson (MCK) vs. Medtronic (MDT): MCK does not report debt-to-equity ratio, so it has no value marker; MDT is benchmarked against the Health Care Equipment & Services industry group.

Financial Strength at a Glance

Financial strength metrics for McKesson (MCK) and Medtronic (MDT)
Metric	MCK	MDT
Current Ratio (MRQ)	0.85	--
Debt-to-Equity Ratio (MRQ)	--	0.57
Net Debt / EBITDA	0.70	1.95

Dividends

Dividend Yield (TTM)

Both McKesson (MCK) at 0.42% and Medtronic (MDT) at 3.59% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

MCK

Health Care Equipment & Services industry group

0.42%

MCK: 0.42%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MDT

Health Care Equipment & Services industry group

3.59%

MDT: 3.59%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both McKesson (MCK) at 8.26% 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.

MCK

Health Care Equipment & Services industry group

8.26%

MCK: 8.26%
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%

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

Dividends at a Glance

Dividend metrics for McKesson (MCK) and Medtronic (MDT)
Metric	MCK	MDT
Dividend Yield (TTM)	0.42%	3.59%
Dividend Payout Ratio (TTM)	8.26%	76.14%