Medtronic plc

NYSE:MDT Stock Report

Market Cap: US$103.9b

Medtronic Past Earnings Performance

Past criteria checks 3/6

Medtronic's earnings have been declining at an average annual rate of -2.6%, while the Medical Equipment industry saw earnings growing at 12% annually. Revenues have been growing at an average rate of 2.3% per year. Medtronic's return on equity is 8.9%, and it has net margins of 13%.

Key information

-2.6%

Earnings growth rate

-2.2%

EPS growth rate

Medical Equipment Industry Growth8.9%
Revenue growth rate2.3%
Return on equity8.9%
Net Margin13.0%
Next Earnings Update18 Feb 2025

Recent past performance updates

Medtronic (NYSE:MDT) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Dec 03
Medtronic (NYSE:MDT) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Recent updates

Medtronic (NYSE:MDT) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Dec 03
Medtronic (NYSE:MDT) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Medtronic Q3 Earnings: A Solid Performance, But Bottom Line Still Needs Fixing

Nov 19

Medtronic (NYSE:MDT) Hasn't Managed To Accelerate Its Returns

Nov 08
Medtronic (NYSE:MDT) Hasn't Managed To Accelerate Its Returns

Medtronic: Undervalued But Trapped In Slow Growth (Rating Downgrade)

Oct 31

Is It Time To Consider Buying Medtronic plc (NYSE:MDT)?

Oct 13
Is It Time To Consider Buying Medtronic plc (NYSE:MDT)?

Medtronic: Undervalued Dividend Aristocrat With High Margins

Oct 10

An Intrinsic Calculation For Medtronic plc (NYSE:MDT) Suggests It's 33% Undervalued

Sep 30
An Intrinsic Calculation For Medtronic plc (NYSE:MDT) Suggests It's 33% Undervalued

Medtronic (NYSE:MDT) Boosts FY 2025 Guidance Amid Strong Q1 Earnings and Strategic Share Buybacks

Sep 16
Medtronic (NYSE:MDT) Boosts FY 2025 Guidance Amid Strong Q1 Earnings and Strategic Share Buybacks

Medtronic: An Undervalued Stock With Durable Competitive Advantages

Sep 16

Medtronic (NYSE:MDT) Seems To Use Debt Quite Sensibly

Sep 05
Medtronic (NYSE:MDT) Seems To Use Debt Quite Sensibly

Medtronic: Is The Company Back?

Aug 26

Medtronic: Still A Buy Before Earnings

Aug 17

Returns At Medtronic (NYSE:MDT) Appear To Be Weighed Down

Aug 08
Returns At Medtronic (NYSE:MDT) Appear To Be Weighed Down

Medtronic: An Out Of Favor Healthcare Stock With A Pulse On Profit Potential

Jul 16

At US$77.06, Is Medtronic plc (NYSE:MDT) Worth Looking At Closely?

Jul 11
At US$77.06, Is Medtronic plc (NYSE:MDT) Worth Looking At Closely?

Medtronic (NYSE:MDT) Is Paying Out A Larger Dividend Than Last Year

Jun 27
Medtronic (NYSE:MDT) Is Paying Out A Larger Dividend Than Last Year

Medtronic: Why I Disagree With The Crowd

Jun 14

Medtronic's (NYSE:MDT) Upcoming Dividend Will Be Larger Than Last Year's

Jun 10
Medtronic's (NYSE:MDT) Upcoming Dividend Will Be Larger Than Last Year's

Medtronic: Net Income Could Fall $3.38B, The Stock Would Still Be Undervalued

May 27

Medtronic (NYSE:MDT) Has Announced That It Will Be Increasing Its Dividend To $0.70

May 26
Medtronic (NYSE:MDT) Has Announced That It Will Be Increasing Its Dividend To $0.70

These 4 Measures Indicate That Medtronic (NYSE:MDT) Is Using Debt Reasonably Well

May 22
These 4 Measures Indicate That Medtronic (NYSE:MDT) Is Using Debt Reasonably Well

Medtronic Stock Looks Promising Before Fiscal Q4 2024 Release

May 13

Is Medtronic plc (NYSE:MDT) Trading At A 20% Discount?

May 01
Is Medtronic plc (NYSE:MDT) Trading At A 20% Discount?

35% Undervalued? Medtronic's Future Looks Very Bright

Apr 12

Medtronic: Buy This Dividend Aristocrat Diamond In The Rough Now

Mar 27

Medtronic: Undervalued Medical Devices Stock With Robust Demand And Strong Dividend Growth

Mar 11

Medtronic (NYSE:MDT) Has Announced A Dividend Of $0.69

Mar 11
Medtronic (NYSE:MDT) Has Announced A Dividend Of $0.69

Medtronic: Its Recent Beat Proves That It Continues To Be A Rock

Feb 25

Results: Medtronic plc Beat Earnings Expectations And Analysts Now Have New Forecasts

Feb 22
Results: Medtronic plc Beat Earnings Expectations And Analysts Now Have New Forecasts

Medtronic: A Good Choice For Dividend Investors Seeking For Low Volatility

Feb 16

A Look At The Fair Value Of Medtronic plc (NYSE:MDT)

Jan 31
A Look At The Fair Value Of Medtronic plc (NYSE:MDT)

Does Medtronic (NYSE:MDT) Have A Healthy Balance Sheet?

Jan 16
Does Medtronic (NYSE:MDT) Have A Healthy Balance Sheet?

Medtronic Stock's Rally Is Set To Continue

Jan 11

Medtronic plc's (NYSE:MDT) Price Is Out Of Tune With Earnings

Dec 29
Medtronic plc's (NYSE:MDT) Price Is Out Of Tune With Earnings

Medtronic: The GLP-1 Drug Headwinds Are Overblown

Dec 10

3.5% Yield And Over 15% Annual Return Potential - I Really Like Medtronic

Nov 28

Medtronic: 3 Key Issues To Consider Ahead Of Fiscal Q2 2024 Earnings

Nov 17

Medtronic Faces Potential Decline Despite Financial Strength

Oct 29

Medtronic: Improved Guidance, Historically Cheap P/E, Yield Reaches 3.5%

Sep 27

Revenue & Expenses Breakdown

How Medtronic makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:MDT Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
25 Oct 2432,9964,28810,3472,743
26 Jul 2432,5773,92710,2432,743
26 Apr 2432,3643,67610,1832,735
26 Jan 2432,3204,20110,2042,701
27 Oct 2331,9584,10210,1352,693
28 Jul 2331,5583,62010,0642,672
28 Apr 2331,2273,75810,0042,696
27 Jan 2330,7714,06411,8252,707
28 Oct 2230,8064,32111,7492,688
29 Jul 2231,0705,20511,7442,688
29 Apr 2231,6865,03910,0472,746
28 Jan 2231,7854,91410,0152,726
29 Oct 2131,7984,7049,9572,659
30 Jul 2131,5973,8829,9972,622
30 Apr 2130,1173,6069,9562,493
29 Jan 2127,9262,8929,5432,429
30 Oct 2027,8683,5379,6612,401
31 Jul 2027,9274,4129,6442,365
24 Apr 2028,9134,7899,8822,331
24 Jan 2031,0625,40811,8572,357
25 Oct 1930,8914,76211,8892,345
26 Jul 1930,6664,42010,1052,332
26 Apr 1930,5574,63110,2732,330
25 Jan 1930,5554,82611,9122,328
26 Oct 1830,3782,16811,8442,326
27 Jul 1829,9473,1639,9632,292
27 Apr 1829,9533,10410,0772,256
26 Jan 1829,7252,85911,9932,217
27 Oct 1729,6395,06911,8782,188
28 Jul 1729,9344,1159,8132,186
28 Apr 1729,7104,0289,7152,193
27 Jan 1729,3613,9689,5922,215
28 Oct 1629,0124,2429,5212,231
29 Jul 1628,7253,6479,4482,222
29 Apr 1628,8333,5389,4692,224
29 Jan 1628,4352,4349,5132,177
30 Oct 1525,8192,3168,6832,004
31 Jul 1523,1272,6247,8471,833
24 Apr 1520,2612,6756,9041,640
23 Jan 1517,4103,1246,0391,497
24 Oct 1417,2552,9096,0061,484
25 Jul 1417,0832,9835,9371,482
25 Apr 1416,8933,0655,8471,477
24 Jan 1416,8793,5865,7831,501

Quality Earnings: MDT has high quality earnings.

Growing Profit Margin: MDT's current net profit margins (13%) are higher than last year (12.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MDT's earnings have declined by 2.6% per year over the past 5 years.

Accelerating Growth: MDT's earnings growth over the past year (4.8%) exceeds its 5-year average (-2.6% per year).

Earnings vs Industry: MDT earnings growth over the past year (4.8%) did not outperform the Medical Equipment industry 12.9%.

Return on Equity

High ROE: MDT's Return on Equity (8.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 08:42
End of Day Share Price 2024/12/20 00:00
Earnings2024/10/25
Annual Earnings2024/04/26

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Medtronic plc is covered by 65 analysts. 31 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kadambari DaptardarAccountability Research Corporation
Harshit GuptaAccountability Research Corporation
David ToungArgus Research Company