MDT vs. UNH: Medtronic vs. UnitedHealth Group Stock Comparison

July 2, 2026

How do Medtronic (MDT) and UnitedHealth Group (UNH) 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

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

Company profile comparison for Medtronic (MDT) and UnitedHealth Group (UNH)
Profile Item	MDT	UNH
Name	Medtronic plc	UnitedHealth Group Incorporated
Country/Region	Ireland	United States
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 Providers & Services
GICS Sub-Industry	Health Care Equipment	Managed Health Care
Market Capitalization	100.14 billion USD	377.45 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	May 2, 1973	October 17, 1984
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MDT

UNH

Medtronic (MDT) vs. UnitedHealth Group (UNH): 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 UnitedHealth Group (UNH). Returns over one year are annualized.

Performance Metrics

Price performance metrics for Medtronic (MDT) and UnitedHealth Group (UNH)
Metric	MDT	UNH
Total Return (1Y)	-7.34%	36.80%

Risk Profile

Drawdown History

MDT

UNH

Medtronic (MDT) vs. UnitedHealth Group (UNH): 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 Metrics

Risk profile metrics for Medtronic (MDT) and UnitedHealth Group (UNH)
Metric	MDT	UNH
Volatility (1Y, Annualized)	21.72%	40.24%
Beta (5Y)	0.57	0.62
Avg. Volume (3M)	10.19M	7.68M

Risk-Adjusted Performance

Risk-Return Positioning

MDT and UNH 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.

Profitability

ROE (TTM)

Both Medtronic (MDT) at 9.84% and UnitedHealth Group (UNH) at 12.18% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

MDT

Health Care Equipment & Services industry group

9.84%

Max: 53.65%
Q3: 13.38%
MDT: 9.84%
Median: 3.66%
Q1: -17.06%
Min: -59.21%

UNH

Health Care Equipment & Services industry group

12.18%

Max: 53.65%
Q3: 13.38%
UNH: 12.18%
Median: 3.66%
Q1: -17.06%
Min: -59.21%

Medtronic (MDT) vs. UnitedHealth Group (UNH): 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 UnitedHealth Group (UNH) at 2.68%, which keeps about the industry-typical share.

MDT

Health Care Equipment & Services industry group

13.20%

Max: 30.40%
MDT: 13.20%
Q3: 8.04%
Median: 1.52%
Q1: -9.42%
Min: -34.34%

UNH

Health Care Equipment & Services industry group

2.68%

Max: 30.40%
Q3: 8.04%
UNH: 2.68%
Median: 1.52%
Q1: -9.42%
Min: -34.34%

Medtronic (MDT) vs. UnitedHealth Group (UNH): 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 UnitedHealth Group (UNH) at 8.05%, which runs around its industry’s norm.

MDT

Health Care Equipment & Services industry group

22.05%

Max: 37.54%
MDT: 22.05%
Q3: 12.56%
Median: 5.48%
Q1: -4.26%
Min: -25.61%

UNH

Health Care Equipment & Services industry group

8.05%

Max: 37.54%
Q3: 12.56%
UNH: 8.05%
Median: 5.48%
Q1: -4.26%
Min: -25.61%

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

Profitability Metrics

Profitability metrics for Medtronic (MDT) and UnitedHealth Group (UNH)
Metric	MDT	UNH
ROE (TTM)	9.84%	12.18%
ROA (TTM)	4.92%	3.78%
Net Margin (TTM)	13.20%	2.68%
Operating Margin (TTM)	22.05%	8.05%
Gross Margin (TTM)	65.31%	18.80%

Growth

Revenue Growth

Medtronic (MDT) vs. UnitedHealth Group (UNH): A comparison of their Revenue Growth across different time periods.

Revenue Growth Metrics

Revenue growth metrics for Medtronic (MDT) and UnitedHealth Group (UNH)
Metric	MDT	UNH
Revenue Growth (YoY)	8.43%	11.81%
Revenue Growth (3Y CAGR)	5.21%	11.35%

EPS Growth

Medtronic (MDT) vs. UnitedHealth Group (UNH): A comparison of their EPS Growth across different time periods.

EPS Growth Metrics

EPS growth metrics for Medtronic (MDT) and UnitedHealth Group (UNH)
Metric	MDT	UNH
EPS Growth (YoY)	--	-14.70%
EPS Growth (3Y CAGR)	--	-14.52%

Financial Strength

Current Ratio (MRQ)

Medtronic (MDT) at 2.13 keeps current ratio within its industry’s typical mid-range, while UnitedHealth Group (UNH) at 0.80 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for UNH.

MDT

Health Care Equipment & Services industry group

2.13

Max: 7.79
Q3: 4.28
MDT: 2.13
Median: 1.99
Q1: 1.34
Min: 0.04

UNH

Health Care Equipment & Services industry group

0.80

Max: 7.79
Q3: 4.28
Median: 1.99
Q1: 1.34
UNH: 0.80
Min: 0.04

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

Debt / Equity (MRQ)

Both Medtronic (MDT) at 0.58 and UnitedHealth Group (UNH) at 0.74 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

MDT

Health Care Equipment & Services industry group

0.58

Max: 2.02
Q3: 1.01
Median: 0.60
MDT: 0.58
Q1: 0.15
Min: 0.00

UNH

Health Care Equipment & Services industry group

0.74

Max: 2.02
Q3: 1.01
UNH: 0.74
Median: 0.60
Q1: 0.15
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Medtronic (MDT) and UnitedHealth Group (UNH)
Metric	MDT	UNH
Current Ratio (MRQ)	2.13	0.80
Debt / Equity (MRQ)	0.58	0.74
Net Debt / EBITDA	1.97	2.18

Dividends

Dividend Yield (TTM)

Both Medtronic (MDT) at 3.51% and UnitedHealth Group (UNH) at 2.11% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

MDT

Health Care Equipment & Services industry group

3.51%

MDT: 3.51%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

UNH

Health Care Equipment & Services industry group

2.11%

UNH: 2.11%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Medtronic (MDT) at 76.14% and UnitedHealth Group (UNH) at 66.57% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

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%

UNH

Health Care Equipment & Services industry group

66.57%

UNH: 66.57%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Medtronic (MDT) and UnitedHealth Group (UNH)
Metric	MDT	UNH
Dividend Yield (TTM)	3.51%	2.11%
Dividend Payout Ratio (TTM)	76.14%	66.57%

Valuation

P/E Ratio (TTM)

Both Medtronic (MDT) at 20.97 and UnitedHealth Group (UNH) at 31.25 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

MDT

Health Care Equipment & Services industry group

20.97

Max: 78.82
Q3: 46.69
Median: 28.91
MDT: 20.97
Q1: 18.90
Min: 0.97

UNH

Health Care Equipment & Services industry group

31.25

Max: 78.82
Q3: 46.69
UNH: 31.25
Median: 28.91
Q1: 18.90
Min: 0.97

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

P/S Ratio (TTM)

UnitedHealth Group (UNH) at 0.84 sits in the cheaper P/S ratio quartile while Medtronic (MDT) at 2.75 prices around its industry’s middle — UNH costs less per dollar of sales, though read it alongside growth and margins.

MDT

Health Care Equipment & Services industry group

2.75

Max: 9.34
Q3: 4.44
MDT: 2.75
Median: 1.99
Q1: 1.09
Min: 0.04

UNH

Health Care Equipment & Services industry group

0.84

Max: 9.34
Q3: 4.44
Median: 1.99
Q1: 1.09
UNH: 0.84
Min: 0.04

Medtronic (MDT) vs. UnitedHealth Group (UNH): 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 Medtronic (MDT) at 2.02 and UnitedHealth Group (UNH) at 3.86 are valued close to their industries’ norm against book — neither stands out from peers.

MDT

Health Care Equipment & Services industry group

2.02

Max: 12.16
Q3: 5.75
Median: 2.87
MDT: 2.02
Q1: 1.48
Min: -2.40

UNH

Health Care Equipment & Services industry group

3.86

Max: 12.16
Q3: 5.75
UNH: 3.86
Median: 2.87
Q1: 1.48
Min: -2.40

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

Valuation Metrics

Valuation metrics for Medtronic (MDT) and UnitedHealth Group (UNH)
Metric	MDT	UNH
P/E Ratio (TTM)	20.97	31.25
P/S Ratio (TTM)	2.75	0.84
P/B Ratio (MRQ)	2.02	3.86
Free Cash Flow Yield (TTM)	4.62%	4.69%