Medtronic plc (MDT)

Name: Medtronic plc (MDT): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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Medtronic plc (MDT) reported revenue of $9.8 billion for Q1 FY2027, the quarter ended 31 July 2026, up 13.7% on the same quarter a year earlier. Net income was $1.5 billion, up 41.3% on the year, and diluted earnings per share $1.14. The figures are the company's own, from the 10-Q it filed with the SEC on 3 September 2026.

Revenue$9.8 billionup 13.7%

Net income$1.5 billionup 41.3%

Diluted EPS$1.14

QuarterQ1 FY2027ended 31 July 2026

Ratios

From the filings

ROE10.4%

ROCE8.9%

Operating margin18.1%

Net margin13.9%

FCF margin16.3%

Interest cover9.36

Debt to equity0.51

Cash conversion1.54

Share count, 1 year-0.1%

Sales CAGR, 3 years5.2%

Profit CAGR, 3 years8.5%

EPS, TTM$4.06

At the close of 21 September 2026

Price$91.75

Market cap$117.4 billion

Stock P/E22.60

Price to book2.34

EV / EBITDA14.54

Dividend yield3.1%

Market cap / sales3.13

52-week high$105.35

52-week low$73.75

Price, 1 year-3.5%

Price CAGR, 3 years4.6%

Price CAGR, 5 years-6.6%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the one borrowings figure Medtronic plc files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

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50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MDT

Filings	24 in twelve months: 11 current reports (8-K), about 4 results of operations; 2 other events; 2 officer or director change; 2 regulation fd disclosure; 1 charter or bylaw amendment, or fiscal year change
Planned insider sales	5 Form 144 notices in twelve months, $8.9 million; latest 16 September 2026
Options tape	put/call 0.57 by open interest on 23 September 2026; the straddle prices a 2.0% move to 25 September 2026
Holders	12 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading	16 sales and 0 purchases on Form 4 in twelve months
Congress	5 House trades disclosed in six months
Short interest	12.1 million shares short, 1.67 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	7,984	8,089	8,589	7,915	8,403	8,292	8,927	8,578	8,961	9,017	9,808	9,756
Cost of revenue	2,761	2,782	3,045	2,761	2,946	2,779	3,146	3,001	3,061	3,261	3,398	3,416
Gross profit	5,223	5,307	5,544	5,154	5,457	5,513	5,781	5,577	5,900	5,756	6,410	6,340
Gross margin	65%	66%	65%	65%	65%	66%	65%	65%	66%	64%	65%	65%
R&D	698	695	674	676	697	675	684	726	754	722	671	771
SG&A	2,686	2,673	2,764	2,655	2,757	2,717	2,720	2,806	2,965	2,956	3,057	3,198
Operating income	1,340	1,483	1,053	1,278	1,595	1,646	1,436	1,445	1,686	1,464	1,872	1,764
Operating margin	17%	18%	12%	16%	19%	20%	16%	17%	19%	16%	19%	18%
Interest expense	180	188	203	167	209	179	174	176	181	181	177	186
Pre-tax income	1,313	1,472	856	1,268	1,559	1,540	1,261	1,302	1,597	1,404	1,833	1,769
Tax rate	31%	9%	23%	17%	18%	15%	16%	20%	13%	18%	31%	16%
Net income	909	1,322	654	1,042	1,270	1,294	1,056	1,040	1,374	1,143	1,244	1,470
Net margin	11%	16%	8%	13%	15%	16%	12%	12%	15%	13%	13%	15%
Diluted EPS	$0.68	$0.99	$0.50	$0.80	$0.99	$1.01	$0.81	$0.81	$1.07	$0.89	$0.96	$1.14
Operating cash flow	661	2,474	2,777	986	958	2,572	2,528	1,088	925	2,744	2,573	1,793
Capital expenditure	461	346	426	520	404	476	459	504	468	444	488	503
Free cash flow	200	2,128	2,351	466	554	2,096	2,069	584	457	2,300	2,085	1,290
Buybacks	226	132	1,628	2,492	288	181	274	123	372	105	435	267
Dividends paid	918	917	913	898	897	897	897	910	910	911	908	921
Shares outstanding	1,330m	1,330m	1,311m	1,282m	1,283m	1,283m	1,282m	1,282m	1,282m	1,283m	1,280m	1,280m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

	FY2015	FY2016 †	FY2017 †	FY2018 †	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026	TTM
Revenue	20,261	28,833	29,710	29,953	30,557	28,913	30,117	31,686	31,227	32,364	33,537	36,364	37,542
Cost of revenue	6,309	9,142	9,291	9,055	9,155	9,424	10,483	10,145	10,719	11,216	11,632	12,721	13,136
Gross profit	13,952	19,691	20,419	20,898	21,402	19,489	19,634	21,541	20,508	21,148	21,905	23,643	24,406
Gross margin	68.9%	68.3%	68.7%	69.8%	70.0%	67.4%	65.2%	68.0%	65.7%	65.3%	65.3%	65.0%	65.0%
Research and development	1,640	2,224	2,193	2,253	2,330	2,331	2,493	2,746	2,696	2,735	2,732	2,873	2,918
Selling, general and administrative	6,904	9,469	10,018	10,238	10,418	10,109	10,148	10,292	10,415	10,736	10,849	11,784	12,176
Operating income	3,766	5,361	5,383	6,651	6,268	4,791	4,484	5,752	5,485	5,144	5,955	6,467	6,786
Operating margin	18.6%	18.6%	18.1%	22.2%	20.5%	16.6%	14.9%	18.2%	17.6%	15.9%	17.8%	17.8%	18.1%
Interest expense	666	1,386	1,094	1,146	1,444	1,092	925	553	636	719	729	715	725
Pre-tax income	3,486	4,336	4,602	5,675	5,197	4,055	3,895	5,517	5,364	4,837	5,628	6,136	6,603
Income tax	811	798	578	2,580	547	-751	265	456	1,580	1,133	936	1,299	1,333
Effective tax rate	23.3%	18.4%	12.6%	45.5%	10.5%	-18.5%	6.8%	8.3%	29.5%	23.4%	16.6%	21.2%	20.2%
Net income	2,675	3,538	4,028	3,104	4,631	4,789	3,606	5,039	3,758	3,676	4,662	4,801	5,231
Net margin	13.2%	12.3%	13.6%	10.4%	15.2%	16.6%	12.0%	15.9%	12.0%	11.4%	13.9%	13.2%	13.9%
Diluted EPS	$2.41	$2.48	$2.89	$2.27	$3.41	$3.54	$2.66	$3.73	$2.82	$2.76	$3.61	$3.73	$4.06
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

	FY2015	FY2016 †	FY2017 †	FY2018 †	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026	TTM
Operating cash flow	4,902	5,218	6,880	4,684	7,007	7,234	6,240	7,346	6,039	6,787	7,044	7,330	8,035
Capital expenditure	571	1,046	1,254	1,068	1,134	1,213	1,355	1,368	1,459	1,587	1,859	1,904	1,903
Free cash flow	4,331	4,172	5,626	3,616	5,873	6,021	4,885	5,978	4,580	5,200	5,185	5,426	6,132
Free cash flow margin	21.4%	14.5%	18.9%	12.1%	19.2%	20.8%	16.2%	18.9%	14.7%	16.1%	15.5%	14.9%	16.3%
Depreciation and amortisation	1,306	2,820	2,917	2,644	2,659	2,663	2,702	2,707	2,697	2,647	2,861	2,958	2,939
Share-based compensation	439	375	348	344	290	297	344	359	355	393	429	457	496
Buybacks	1,920	2,830	3,544	2,171	2,877	1,326	652	2,544	645	2,138	3,235	1,035	1,179
Dividends paid	1,337	2,139	2,376	2,494	2,693	2,894	3,120	3,383	3,616	3,666	3,589	3,639	3,650
Dividend per share	$1.22	$1.52	$1.72	$1.84	$2.00	$2.16	$2.32	$2.52	$2.72	$2.76	$2.80	$2.84	n/a
Diluted shares, weighted	1,109m	1,426m	1,391m	1,368m	1,358m	1,351m	1,354m	1,351m	1,333m	1,330m	1,290m	1,288m	1,285m
Shares outstanding at period end	1,422m	1,399m	1,369m	1,354m	1,341m	1,341m	1,345m	1,331m	1,331m	1,311m	1,282m	1,280m	1,280m
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

	FY2015	FY2016 †	FY2017 †	FY2018 †	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026	TTM
Total assets	106,685	99,782	99,816	91,393	89,694	90,689	93,083	90,981	90,948	89,981	91,680	93,028	93,306
Cash and equivalents	4,843	2,876	4,967	3,669	4,393	4,140	3,593	3,714	1,543	1,284	2,218	1,949	1,691
Receivables	5,112	5,562	5,591	5,987	6,222	4,645	5,462	5,551	5,998	6,128	6,515	6,643	6,357
Inventory	3,463	3,473	3,338	3,579	3,753	4,229	4,313	4,616	5,293	5,217	5,476	5,951	6,215
Goodwill	40,530	41,500	38,515	39,543	39,959	39,841	41,961	40,502	41,425	40,986	41,737	42,587	43,187
Long-term debt	33,171	29,944	25,874	23,692	24,552	22,140	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Long-term debt including finance leases	33,752	30,109	25,921	23,699	24,486	22,021	26,378	20,372	24,344	23,932	25,642	26,173	25,617
Borrowings, as the company tags them	35,590	30,937	33,368	25,750	25,390	24,916	26,588	24,275	24,553	25,189	28,691	28,131	n/a
Operating lease liabilities	n/a	n/a	n/a	n/a	n/a	774	829	703	869	840	918	989	n/a
Finance lease liabilities	n/a	n/a	n/a	n/a	n/a	45.0	62.0	56.0	57.0	55.0	52.0	54.0	52.0
Shareholders' equity	53,230	52,063	50,294	50,720	50,091	50,737	51,428	52,551	51,483	50,214	48,024	49,463	50,232
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	2.3%	3.8%	5.2%	9.8%
Profit growth, compounded	3.1%	5.9%	8.5%	12.3%
Return on equity, average	8.3%	8.7%	8.9%	9.7%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Filings

Filing	Period	Filed	Where
10-Q	31 July 2026	3 September 2026	EDGAR
10-K	24 April 2026	18 June 2026	EDGAR
10-Q	23 January 2026	24 February 2026	EDGAR
10-Q	24 October 2025	25 November 2025	EDGAR
10-Q	25 July 2025	26 August 2025	EDGAR
10-K	25 April 2025	20 June 2025	EDGAR
10-Q	24 January 2025	25 February 2025	EDGAR
10-Q	25 October 2024	26 November 2024	EDGAR
10-Q	26 July 2024	27 August 2024	EDGAR
10-K	26 April 2024	20 June 2024	EDGAR

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