MDT

Healthcare

Medtronic plc · Medical - Devices · $109B

UQS Score — Balanced Preset
46.3
Below Average

Medtronic plc scores 46.3/100 using the Balanced preset.

UQS vs Healthcare Sector
MDT
46.3
Sector avg
32.4
Quality
Neutral
Moat
Neutral
Growth
Weak
Risk
Good
Valuation
Neutral

What is Medtronic plc?

Medtronic plc is one of the world's largest medical device companies, delivering device-based therapies across cardiovascular, surgical, and neurological care. Headquartered in Galway, Ireland, it serves healthcare systems, clinicians, and patients in markets worldwide.

Medtronic develops, manufactures, and sells medical devices and therapies across three core segments: Cardiovascular, Medical Surgical, and Neuroscience. Revenue comes from selling hardware — pacemakers, stent grafts, surgical staplers, spinal implants — alongside software platforms and remote monitoring services. The company sells primarily to hospitals, health systems, and specialist physicians. Its global commercial infrastructure spans both established and emerging markets, giving it broad geographic reach.

Medtronic was founded in 1973 and is headquartered in Galway, Ireland.

  • Implantable cardiac devices including pacemakers and defibrillators
  • Transcatheter and surgical heart valve systems
  • Robotic-assisted and AI-enhanced surgical platforms
  • Spinal, neurostimulation, and pain management implants
  • Patient monitoring, airway management, and renal therapy products

Is MDT a Good Stock to Buy?

UQS Score rates MDT as Good overall, reflecting a balanced but unexceptional profile across its five pillars.

Valuation stands out as the relative bright spot in Medtronic's UQS profile, suggesting the stock is not priced at a premium relative to its fundamentals. The company's diversified portfolio across cardiovascular, surgical, and neuroscience segments provides some stability that supports its Quality and Risk assessments.

Quality, Moat, and Growth all register as Neutral, pointing to a business that faces meaningful competitive pressure and has not demonstrated a clear acceleration in its fundamental trajectory.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does MDT pay dividends?

Yes — Medtronic plc pays a dividend.

Medtronic pays a regular dividend, making it a consideration for income-oriented investors in the healthcare device space. The company has a long history of returning capital to shareholders through dividends, consistent with its large-cap, mature-business profile. Investors seeking yield alongside medical device exposure often include MDT in that context.

When does MDT report earnings?

Medtronic reports earnings on a quarterly cadence, typical for US-listed large-cap equities.

Medtronic's recent results have reflected the mixed dynamics visible in its Neutral Growth pillar — steady but not accelerating revenue across its major segments. Margin trends and segment-level performance vary, and the company continues to manage a large, complex global cost structure.

For the most recent quarter's results and guidance, visit Medtronic's official investor relations page.

MDT Price History

-20.5% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Medtronic plc?

$
Today it would be worth
$7,537
That's a -24.6% total return, or -5.5% annualized.

Based on Medtronic plc's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

MDT Long-term Outlook

Medtronic's fundamental outlook, as reflected in its Neutral Growth and Neutral Risk pillar ratings, suggests a business navigating a mature phase rather than a high-growth expansion. The Valuation pillar rated Good indicates the market may not be pricing in significant upside, which could limit downside risk but also cap near-term re-rating potential. Execution on its robotic surgery and AI-enabled platforms will be a key factor in whether the Growth pillar improves over time.

Growth drivers

  • Expansion of robotic-assisted and AI-enhanced surgical platforms
  • Penetration into emerging markets with cardiovascular and surgical therapies
  • New product cycles in cardiac ablation and transcatheter valve technologies

Key risks

  • Intense competition from specialized medical device peers compressing market share
  • Regulatory and reimbursement headwinds across multiple geographies
  • Execution risk on a large, complex multi-segment global portfolio

MDT vs Peers

Medtronic competes across multiple device categories with several large, well-resourced healthcare companies.

BSXMDT scores lower
Boston Scientific Corporation

Boston Scientific focuses more narrowly on cardiovascular and endoscopy devices, giving it a concentrated portfolio that competes directly with Medtronic's cardiac and surgical lines.

SYKSimilar UQS
Stryker Corporation

Stryker emphasizes orthopedic implants and surgical robotics, overlapping with Medtronic in the robotic-assisted surgery space while maintaining a distinct focus on musculoskeletal care.

ABTSimilar UQS
Abbott Laboratories

Abbott competes with Medtronic in cardiac rhythm management and structural heart, while also operating diagnostics and nutrition businesses that Medtronic does not.

Frequently Asked Questions

What does Medtronic do?

Medtronic develops and sells device-based medical therapies across three segments: Cardiovascular, Medical Surgical, and Neuroscience. Its products include pacemakers, heart valves, surgical staplers, spinal implants, and robotic surgery platforms. The company sells to hospitals, health systems, and specialist physicians in markets around the world.

Does MDT pay dividends?

Yes, Medtronic pays a regular dividend. It has a long track record of returning capital to shareholders, which is consistent with its profile as a large-cap, mature medical device company. Income-focused investors often consider MDT for this reason. Check Medtronic's investor relations page for the current dividend rate and payment schedule.

When does MDT report earnings?

Medtronic reports earnings on a quarterly cadence, as is standard for large-cap US-listed companies. For the exact date of the next earnings release, refer to Medtronic's investor relations page, which publishes the financial calendar in advance.

Is MDT a good stock to buy?

UQS Score rates MDT as Good overall. The Valuation pillar is a relative strength, while Quality, Moat, Growth, and Risk are all Neutral — suggesting a stable but not standout profile. Whether MDT fits your portfolio depends on your goals. The full pillar breakdown is available to UQS Pro members.

Is MDT overvalued?

Based on the UQS Valuation pillar, MDT is rated Good, indicating the stock does not appear to be trading at a significant premium relative to its fundamentals. This places it in a more favorable valuation position compared to some peers in the medical device sector. Full valuation metrics are available in the Pro analysis.

How does MDT compare to its competitors?

Medtronic is one of the broadest medical device companies by product scope, competing with Boston Scientific in cardiac and endoscopy, Stryker in surgical robotics and orthopedics, and Abbott in cardiac rhythm management. Its diversification is a differentiator, though it also means competing across more categories simultaneously. The UQS competitor comparison module shows relative scoring.

What is MDT's market cap bracket?

Medtronic is classified as a large-cap company. This places it among the larger publicly traded medical device companies globally, with the scale, institutional coverage, and balance sheet size typically associated with that bracket.

Who founded Medtronic?

Medtronic was founded by Earl Bakken and Palmer Hermundslie. The company has grown from a small medical equipment repair shop into one of the world's largest medical device manufacturers. Its founding history is widely documented and available through Medtronic's own corporate history resources.

Is MDT a long-term quality holding?

As a long-term quality indicator, MDT's UQS profile shows a balanced but Neutral reading across most pillars, with Valuation rated Good. Long-term investors focused on quality metrics will want to monitor whether the Growth and Moat pillars strengthen over time, particularly as the company advances its robotic and AI-enabled platforms.

What is the main competitive advantage of Medtronic?

Medtronic's primary competitive advantages include its global commercial scale, deep relationships with hospital systems and specialist physicians, and a broad intellectual property portfolio built over decades. However, its Moat pillar is currently rated Neutral, suggesting these advantages face real competitive pressure from focused rivals in each of its major segments.

What sector does MDT belong to?

Medtronic operates in the Healthcare sector, specifically within the medical devices and equipment industry. It is one of the largest companies in that industry globally, with exposure to cardiovascular, surgical, and neuroscience device markets across both developed and emerging economies.

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Pro Analysis

MDT — Score History

4045505560Jul 11Jul 29Aug 16Sep 3Sep 21Oct 8
Score changes· 14 most recent
DateUQSQualityMoatGrowthRiskValueChange
Aug 10, 202646.846.847.020.373.555.1-3.5
Jul 31, 202650.352.147.035.848.374.4+0.1
Jul 29, 202650.252.147.035.848.373.7-3.5
Jul 25, 202653.752.147.052.648.374.2-0.1
Jul 24, 202653.852.347.052.648.374.80.0
Jul 23, 202653.852.347.052.648.374.50.0
Jul 22, 202653.852.347.052.648.374.8+0.1
Jul 21, 202653.752.147.052.648.374.4-0.1
Jul 18, 202653.852.147.052.648.374.90.0
Jul 17, 202653.852.147.052.648.374.8-0.3

MDT — Pillar Breakdown

◆

Quality

— 46.8/100 (25%)

Medtronic plc has average quality metrics, with room for improvement in margins or capital efficiency.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Operating ProfitabilityModerate

Ability to convert revenue into operating profit.

Net ProfitabilityModerate

Bottom-line profit as a share of revenue.

Cash GenerationModerate

Free cash flow relative to market value.

▲

Growth

— 20.3/100 (20%)

Medtronic plc faces growth headwinds with declining or stagnant revenue trends.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

◈

Risk

— 73.5/100 (15%)

Medtronic plc maintains a reasonable risk profile with manageable debt levels.

Financial LeverageStrong

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioModerate

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageModerate

Earnings capacity relative to interest payments.

●

Valuation

— 51.6/100 (15%)

Medtronic plc has a mixed valuation — some metrics suggest fair value while others appear stretched.

Earnings YieldModerate

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

EV/EBITDA vs SectorWeak

Enterprise value multiple relative to sector median.

⬡

Moat

— 47/100 (25%)

Medtronic plc possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MDT.

Score Composition

Quality
46.8×25%11.7
Growth
20.3×20%4.1
Risk
73.5×15%11.0
Valuation
51.6×15%7.7
Moat
47.0×25%11.8
Total
46.3Below Average

Financial Data

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How is the MDT UQS Score Calculated?

The UQS (Unified Quality Score) for Medtronic plc is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Medtronic plc's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Medtronic plc is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.