Stocktoria

Medtronic plc MDT

NYSE · stock · Electromedical & Electrotherapeutic Apparatus · website · IPO 1977-11-21

Medtronic plc statistics & valuation

Market cap$103.7B
P / E21.6×
P / S2.9×
P / B2.1×
P / FCF19.1×
Dividend yield3.51%
Net margin13.2%
Return on equity9.6%
FCF margin14.9%
Return on capital7.9%
Graham number -37.1%$57.12

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($57.12); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
13.60% 10.40% 15.20% 16.60% 12.00% 15.90% 12.00% 11.40% 13.90% 13.20% 2017201820192020202120222023202420252026
Gross margin (%)
68.70% 69.80% 2017201820192020202120222023202420252026
Operating margin (%)
18.10% 22.20% 20.50% 16.60% 14.90% 18.20% 17.60% 15.90% 17.80% 17.80% 2017201820192020202120222023202420252026
Return on equity (%)
8.00% 6.10% 9.20% 9.40% 7.00% 9.60% 7.30% 7.30% 9.70% 9.60% 2017201820192020202120222023202420252026
Shares outstanding
1.39B 1.37B 1.36B 1.35B 1.35B 1.35B 1.33B 1.33B 1.29B 1.29B 2017201820192020202120222023202420252026
Net debt ($)
$20.91B $20.02B $20.16B $18.00B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
4.00% 3.40% 5.20% 5.30% 3.90% 5.50% 4.10% 4.10% 5.10% 5.20% 2017201820192020202120222023202420252026
Free cash flow margin (%)
18.90% 12.10% 19.20% 20.80% 16.20% 18.90% 14.70% 16.10% 15.50% 14.90% 2017201820192020202120222023202420252026
Debt / equity (×)
0.51× 0.47× 0.49× 0.44× 2017201820192020202120222023202420252026
EPS ($)
$2.89 $2.27 $3.41 $3.54 $2.66 $3.73 $2.82 $2.76 $3.61 $3.73 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Medtronic plc trades at about 24.3× earnings — below its 10-year norm (10-year range 19.8×–47.6×, median 29.2×).

19.8× 47.6×

Shaded band = 10-year range (19.8×–47.6×); dot = today's 24.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin————————69.8%68.7%
Operating margin17.8%17.8%15.9%17.6%18.2%14.9%16.6%20.5%22.2%18.1%
Net margin13.2%13.9%11.4%12.0%15.9%12.0%16.6%15.2%10.4%13.6%
FCF margin14.9%15.5%16.1%14.7%18.9%16.2%20.8%19.2%12.1%18.9%
Return on assets5.2%5.1%4.1%4.1%5.5%3.9%5.3%5.2%3.4%4.0%
Return on equity9.6%9.7%7.3%7.3%9.6%7.0%9.4%9.2%6.1%8.0%
Debt / equity——————0.44×0.49×0.47×0.51×
Current ratio2.131.852.032.391.862.652.132.592.281.74

Computed from company filings · US · as of 2026-04-24. Facts plus Stocktoria's own computed scores — not investment advice.