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MDT

S&P 500
Neutral · 55/100

Medtronic

Health Care
Health Care Equipment

$79.27

0.1%

Updated Today 7:15 PM ET

Price — Past Year

▼ Down 7.5% over the last 12 months

Price 50-day average 200-day averageSource: Yahoo Finance · refreshed daily
Key Metrics

Market Cap

$101.86B

P/E

21.2x

Forward P/E (est.)

20.57x

ROE

9.5%

Revenue Growth

8.4%

EPS Growth

3.1%

Profit Margin

13.2%

FCF Yield

5.9%

Debt / Equity

0.59x

ROIC

7.0%

Interest Coverage

8.28x

Current Ratio

2.54x

Dividend Yield

3.6%

Implied Growth (rev. DCF)

3.7%

Rating Score

55/100

Technical Analysis (Educational)
Research

Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what MDT's chart says today, with each tool explained.

Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. MDT trades near $79.27, below its 50-day average ($80.14) and 200-day average ($91.91). Price below both averages is a downtrend — momentum is against buyers for now.

Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 65 it is in neutral territory — neither stretched nor washed out.

MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.

Volatility — ATR. Average True Range is the typical daily move. MDT's is $2.08 (~2.6% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.

Support & resistance. Over the last month MDT found buyers near $73.31 (support) and sellers near $82.83 (resistance); its 52-week range is $73.31–$106.33. A decisive break beyond either edge often marks the next move.

Volume. The latest session traded 1.8× the 20-day average — heavier than usual, which adds conviction to the move. Rising volume on up-days suggests real buying; on down-days, real selling.

Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.

Business Overview
Research

Medtronic (MDT) is a large-cap company in the Health Care Equipment industry, part of the Health Care sector of the S&P 500, with a market value around $101.86B.

In its latest reported year it generated about $33.54B in revenue and $4.66B in net profit.

Our model rates MDT Neutral (55/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.

Revenue Growth
Research

4Y CAGR

2.7%

Revenue moved from $30.12B in 2021 to $33.54B in 2025, a 2.7% compound annual growth rate. The most recent year grew a steady 8.4% year over year. Slower, mature growth is common for established businesses.

Profitability
Research

Gross Margin

65.3%

Operating Margin

17.8%

Net Margin

13.9%

ROE

9.5%

Medtronic keeps about 13.2% of each sales dollar as net profit, with a 65.3% gross margin and 17.8% operating margin. Return on equity is 9.5% and return on invested capital about 7.0%. Margins are moderate — typical of a competitive but profitable business.

Debt Analysis
Research

Total Debt

$24.92B

Net Debt

$23.77B

Net Debt / EBITDA

3.99x

Debt / Equity

0.59x

Leverage: debt-to-equity is 0.6x, and operating profit covers interest about 8.3x, with a current ratio of 2.5x. That is a moderate, manageable debt load for most businesses. It carries roughly $24.92B of total debt against $1.15B of cash.

Cash Flow Analysis
Research

Operating CF

$7.04B

Free Cash Flow

$5.18B

FCF Margin

15.5%

In the latest year Medtronic produced about $7.04B of operating cash flow and $5.18B of free cash flow after capital spending. That is a free-cash-flow yield of about 5.9% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.

Valuation Analysis
Research

P/E

21.2x

P/S

2.87x

P/B

2.19x

EV / EBITDA

14.22x

MDT trades at 21.2x trailing earnings (about 20.6x on estimated forward earnings), 2.9x sales, and 2.2x book value. Reverse-engineering today's price implies the market expects roughly 3.7% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.

Metrics vs. Typical Range

Where this stock sits versus what most companies trade at.

TTM P/E
21.2xFair
Forward P/E
20.6xFair
P/S ratio
2.9xExpensive
Revenue growth
8.4%Strong
EPS growth
3.1%Weak
Gross margin
65.3%Strong
Net margin
13.2%Strong
ROE
9.5%Weak

Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.

Sector Peer Comparison

How MDT stacks up against its Health Care peers — valuation, profitability, and growth versus the sector median.

In the Health Care sector (59 S&P 500 companies), MDT ranks #26 of 59 by our overall rating. It trades at a discount versus the sector on earnings (21.2x P/E vs. 25.4x median) with a lower return on equity (9.5% vs. 14.9%) and faster revenue growth (8.4% vs. 7.9%).

P/E vs sector

21.2x

median 25.4x

ROE vs sector

9.5%

median 14.9%

Growth vs sector

8.4%

median 7.9%

Sector rank

#26

of 59 by rating

CompanyP/ERev Gr.Rating
MDTThis stock21.2x8.4%Neutral· 55
SYK35.1x8.8%Neutral· 52
ISRG48.7x21.4%Favorable· 68
ABT24.5x6.6%Neutral· 53
BSX18.8x17.4%Favorable· 71
EW45.8x13.8%Neutral· 47
IDXX40.5x13.1%Favorable· 65
BDX35x2.4%Weak· 37
Health Care median25.4x7.9%52/100

Valuation vs. quality map

sector medianSYKISRGABTBSXEWIDXXBDXMDTP/E — cheaper ←→ pricierROE — more profitable ↑

The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.

Compare side by side

Peers are the closest Health Care companies by sub-industry and size. Sector median is across all 59 S&P 500 names in the sector. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

2030 price target (Base Case)

$69.85$112.84

vs. $79.27 today · expected CAGR -2%7%

Metric20262027202820292030
Revenue$36.22B$39.12B$42.25B$45.63B$49.28B
Net income$5.07B$5.48B$5.91B$6.39B$6.90B
EPS$3.95$4.27$4.61$4.98$5.37
Share price (low)$51.34$55.45$59.89$64.68$69.85
Share price (high)$82.94$89.58$96.74$104.48$112.84
CAGR (low–high)-35% / 5%-16% / 6%-9% / 7%-5% / 7%-2% / 7%

Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.

Bull Case

The case for MDT:

  • Healthy free-cash-flow yield (~5.9%) funds buybacks and dividends.
  • Pays a 3.6% dividend on top of any price gains.
Bear Case

The case against MDT:

  • Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Key Risks
Research

Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.

Investment Thesis
Research

On balance, the picture is mixed: Medtronic is a large-cap health care business growing at a mature pace, with solid profitability, and a sound balance sheet. It trades at 21.2x earnings, which our model scores Neutral (55/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.

Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.

Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.