Medtronic plc(MDT)Stock Analysis
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This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
MDT Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Medtronic plc (MDT), a Healthcare sector company. MDT is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q4 2026), Medtronic plc reports quarterly revenue of $9.8B, net income of $1.2B, an operating margin of 19.1%. Top institutional holders of MDT by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. MDT trades on the NYSE exchange and files with the SEC under CIK 1613103. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MDT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Medtronic plc directly from SEC EDGAR.
Revenue
Q4 2026
$9.8B
Net Income
Q4 2026
$1.2B
Free Cash Flow
Q4 2026
$2.1B
Operating Margin
Q4 2026
19.1%
ROIC
Q4 2026
2.5%
D/E Ratio
Q4 2026
0.57
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+8.4% YoYNet Income
+3.0% YoYOperating Income
+8.6% YoYEPS (Diluted)
+3.3% YoYTotal Assets
+1.5% YoYTotal Debt
-1.9% YoYOp. Cash Flow
+4.1% YoY| Metric | FY 2026 | FY 2025 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $36.36B +8.4% | $33.54B +7.4% | $31.23B -1.4% | $31.69B +5.2% | $30.12B +4.2% | $28.91B |
| Net Income | $4.80B +3.0% | $4.66B +24.1% | $3.76B -25.4% | $5.04B +39.7% | $3.61B -24.7% | $4.79B |
| Operating Income | $6.47B +8.6% | $5.96B +8.6% | $5.49B -4.6% | $5.75B +28.3% | $4.48B -6.4% | $4.79B |
| EPS (Diluted) | $3.73 +3.3% | $3.61 +28.0% | $2.82 -24.4% | $3.73 +40.2% | $2.66 -24.9% | $3.54 |
| Total Assets | $93.03B +1.5% | $91.68B +0.8% | $90.95B -0.0% | $90.98B -2.3% | $93.08B +2.6% | $90.69B |
| Total Debt | $27.96B -1.9% | $28.52B +17.0% | $24.36B +1.0% | $24.11B -8.6% | $26.39B -13.4% | $30.47B |
| Operating Cash Flow | $7.33B +4.1% | $7.04B +16.6% | $6.04B -17.8% | $7.35B +17.7% | $6.24B -13.7% | $7.23B |
AI Insight: MDT Financial Trends
Revenue growth accelerating to 10% YoY in Q2 2026, while operating margin expanded to 19.1% — highest in dataset — as debt declines.
• Revenue grew 10.0% YoY from Q2 2025 ($8,927M) to Q2 2026 ($9,807M), marking strongest quarterly growth in the period.
• Operating margin expanded to 19.1% in Q2 2026 versus 16.1% in Q2 2025, a 100bp improvement year-over-year.
• Total debt declined to $27,961M in Q2 2026 from peak of $29,100M in Q4 2025, reducing leverage headroom.
⚠ Operating cash flow deteriorated to $925M in Q4 2025 from $2,572M in Q1 2025, though rebounded to $2,573M in Q2 2026.
⚠ Net income volatility: Q3 2025 dipped to $1,040M before recovering to $1,374M in Q4 2025, signaling earnings instability.
AI Insight: MDT Ratio Trends
Medtronic swung back to strong profitability in Q2 2026 with operating margin of 19.1% and ROIC reaching 9.7%, highest in two years.
• Operating margin recovered to 19.1% in Q2 2026 from 16.2% in Q1 2026, reversing six-quarter volatility between 16–20%.
• ROIC expanded to 9.7% in Q2 2026, the highest level since Q1 2025 (8.7%), signaling improved capital efficiency.
• Debt-to-equity ratio remains stable near 0.57–0.60 across last four quarters, maintaining conservative leverage.
⚠ Q1 2026 showed significant margin contraction to 16.2% OpMargin and 7.6% ROIC, suggesting seasonal weakness or operational headwinds.
⚠ Net profit margin has oscillated between 11.8–15.6% over six quarters, indicating earnings volatility despite stable operating leverage.
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Top Institutional Holders of MDT
BlackRock, Inc.
$9.8B113,182,567 shVANGUARD CAPITAL MANAGEMENT LLC
$7.2B83,333,833 shSTATE STREET CORP
$5.4B61,741,014 shCapital Research Global Investors
$3.6B41,926,590 shVANGUARD PORTFOLIO MANAGEMENT LLC
$2.9B33,450,558 shMASSACHUSETTS FINANCIAL SERVICES CO /MA/
$2.7B21,437,599 shGEODE CAPITAL MANAGEMENT, LLC
$2.5B28,736,341 shBANK OF AMERICA CORP /DE/
$2.3B26,015,003 shMORGAN STANLEY
$1.8B20,717,029 shDEUTSCHE BANK AG\
$1.6B19,002,414 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $9.8B | 113,182,567 |
| VANGUARD CAPITAL MANAGEMENT LLC | $7.2B | 83,333,833 |
| STATE STREET CORP | $5.4B | 61,741,014 |
| Capital Research Global Investors | $3.6B | 41,926,590 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2.9B | 33,450,558 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $2.7B | 21,437,599 |
| GEODE CAPITAL MANAGEMENT, LLC | $2.5B | 28,736,341 |
| BANK OF AMERICA CORP /DE/ | $2.3B | 26,015,003 |
| MORGAN STANLEY | $1.8B | 20,717,029 |
| DEUTSCHE BANK AG\ | $1.6B | 19,002,414 |
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Popular Research
Is MDT a good stock to buy?
13F Pro's AI-powered analysis of Medtronic plc (MDT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MDT are available on the MDT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own MDT?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MDT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Medtronic plc's investment landscape.