Last Price$94.32.5%
Market Cap$120.9B
LTM Net Debt to Free Cash Flow
4.6x
5Y avg
3.3x
Medical - Devices industry
median
0.4x
Stock quality & Intrinsic value
6/10
0.2% undervalued
Medtronic plc Net Debt to Free Cash Flow
Annual
Quarterly
LTM
Industry median
Company stand-alone
Crunching data... Almost there!
| Apr'05 | Apr'06 | Apr'07 | Apr'08 | Apr'09 | Apr'10 | Apr'11 | Apr'12 | Apr'13 | Apr'14 | Apr'15 | Apr'16 | Apr'17 | Apr'18 | Apr'19 | Apr'20 | Apr'21 | Apr'22 | Apr'23 | Apr'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Debt to Free Cash Flow | (0.4x) | 2.0x | 1.3x | 1.9x | 1.7x | 1.5x | 2.3x | 2.1x | (0.1x) | (0.5x) | 3.9x | 4.4x | 3.5x | 4.0x | 2.6x | 2.5x | 3.4x | 2.3x | 3.6x | 3.5x |
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Medtronic plc (MDT) Net Debt to Free Cash Flow comparison analysis
General
LTM Net Debt to Free Cash Flow
OTHER METRICS
Company name
Revenue growth
EPS growth
Net Income margin
Medtronic plcMDT
4.6x
3.6%
(2.1%)
11.4%
Median Peer Set
0.5x
5.6%
126.3%
12.7%
Koninklijke Philips N.V.PHG
19.1x
(0.8%)
118.1%
(3.9%)
Zimmer Biomet Holdings, Inc.ZBH
5.0x
6.5%
253.2%
13.8%
Boston Scientific CorporationBSX
4.4x
17.6%
16.7%
11.1%
Stryker CorporationSYK
2.2x
10.2%
(5.8%)
13.2%
Abbott LaboratoriesABT
1.1x
4.6%
134.5%
31.9%
STERIS plcSTE
(0.0x)
3.6%
257.9%
7.4%
DexCom, Inc.DXCM
(0.1x)
11.3%
(1.4%)
14.3%
Align Technology, Inc.ALGN
(1.5x)
3.4%
26.0%
11.5%
Insulet CorporationPODD
(2.9x)
30.0%
4,364.6%
12.2%
Edwards Lifesciences CorporationEW
(7.4x)
(9.4%)
202.2%
76.7%
MDT key stats
USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
| Apr'05 | Apr'06 | Apr'07 | Apr'08 | Apr'09 | Apr'10 | Apr'11 | Apr'12 | Apr'13 | Apr'14 | Apr'15 | Apr'16 | Apr'17 | Apr'18 | Apr'19 | Apr'20 | Apr'21 | Apr'22 | Apr'23 | Apr'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
% growth | 10,054.6 10.6% | 11,292.0 12.3% | 12,299.0 8.9% | 13,515.0 9.9% | 14,599.0 8.0% | 15,817.0 8.3% | 15,933.0 0.7% | 16,184.0 1.6% | 16,590.0 2.5% | 17,005.0 2.5% | 20,261.0 19.1% | 28,833.0 42.3% | 29,710.0 3.0% | 29,953.0 0.8% | 30,557.0 2.0% | 28,913.0 (5.4%) | 30,117.0 4.2% | 31,686.0 5.2% | 31,227.0 (1.4%) | 32,364.0 3.6% |
| Cost of Goods Sold (COGS) | 2,446.4 | 2,815.3 | 3,168.0 | 3,446.0 | 3,518.0 | 3,812.0 | 3,912.0 | 3,889.0 | 4,126.0 | 4,333.0 | 6,309.0 | 9,142.0 | 9,291.0 | 9,055.0 | 9,155.0 | 9,424.0 | 10,483.0 | 10,145.0 | 10,719.0 | 11,216.0 |
% margin | 7,608.2 75.7% | 8,476.7 75.1% | 9,131.0 74.2% | 10,069.0 74.5% | 11,081.0 75.9% | 12,005.0 75.9% | 12,021.0 75.4% | 12,295.0 76.0% | 12,464.0 75.1% | 12,672.0 74.5% | 13,952.0 68.9% | 19,691.0 68.3% | 20,419.0 68.7% | 20,898.0 69.8% | 21,402.0 70.0% | 19,489.0 67.4% | 19,634.0 65.2% | 21,541.0 68.0% | 20,508.0 65.7% | 21,148.0 65.3% |
| Operating Expenses | 4,164.9 | 4,772.3 | 5,392.0 | 5,982.0 | 6,903.0 | 7,740.0 | 7,041.0 | 7,899.0 | 7,694.0 | 7,854.0 | 9,395.0 | 13,731.0 | 14,106.0 | 14,555.0 | 14,770.0 | 14,267.0 | 14,739.0 | 15,633.0 | 14,678.0 | 16,129.0 |
| Research & Development Expenses (R&D) | 951.3 | 1,112.9 | 1,239.0 | 1,275.0 | 1,355.0 | 1,483.0 | 1,508.0 | 1,490.0 | 1,557.0 | 1,477.0 | 1,640.0 | 2,224.0 | 2,193.0 | 2,253.0 | 2,330.0 | 2,331.0 | 2,493.0 | 2,746.0 | 2,696.0 | 2,735.0 |
| Selling, General & Administrative Expenses (SG&A) | 3,213.6 | 3,659.4 | 4,153.0 | 4,707.0 | 5,152.0 | 5,789.0 | 5,533.0 | 6,074.0 | 5,698.0 | 5,847.0 | 6,904.0 | 9,469.0 | 9,711.0 | 9,974.0 | 10,418.0 | 10,109.0 | 10,148.0 | 10,292.0 | 10,415.0 | 10,736.0 |
% margin | 2,543.5 25.3% | 3,161.3 28.0% | 3,515.0 28.6% | 2,885.0 21.3% | 2,811.0 19.3% | 4,371.0 27.6% | 4,173.0 26.2% | 4,696.0 29.0% | 4,639.0 28.0% | 4,084.0 24.0% | 3,766.0 18.6% | 5,291.0 18.4% | 5,330.0 17.9% | 6,651.0 22.2% | 6,268.0 20.5% | 4,791.0 16.6% | 4,484.0 14.9% | 5,752.0 18.2% | 5,485.0 17.6% | 5,144.0 15.9% |
| Interest Income | 0.0 | 0.0 | 0.0 | 364.0 | 188.0 | 156.0 | 172.0 | 200.0 | 237.0 | 271.0 | 386.0 | 431.0 | 366.0 | 397.0 | 1,444.0 | 300.0 | 192.0 | 367.0 | 386.0 | 0.0 |
| Interest Expense | 0.0 | 0.0 | 0.0 | 255.0 | 217.0 | 246.0 | 450.0 | 149.0 | 388.0 | 379.0 | 666.0 | 1,386.0 | 1,094.0 | 1,146.0 | 1,444.0 | 1,092.0 | 925.0 | 553.0 | 636.0 | 719.0 |
| Pre-tax Income | 2,543.5 | 3,161.3 | 3,515.0 | 2,885.0 | 2,594.0 | 3,969.0 | 3,723.0 | 4,145.0 | 4,251.0 | 3,705.0 | 3,486.0 | 4,336.0 | 4,602.0 | 5,675.0 | 5,197.0 | 4,055.0 | 3,895.0 | 5,517.0 | 5,364.0 | 4,837.0 |
% effective tax rate | 739.6 29.1% | 614.6 19.4% | 713.0 20.3% | 654.0 22.7% | 425.0 16.4% | 870.0 21.9% | 627.0 16.8% | 730.0 17.6% | 784.0 18.4% | 640.0 17.3% | 811.0 23.3% | 798.0 18.4% | 578.0 12.6% | 2,580.0 45.5% | 547.0 10.5% | (751.0) (18.5%) | 265.0 6.8% | 456.0 8.3% | 1,580.0 29.5% | 1,133.0 23.4% |
% margin | 1,803.9 17.9% | 2,546.7 22.6% | 2,802.0 22.8% | 2,231.0 16.5% | 2,169.0 14.9% | 3,099.0 19.6% | 3,096.0 19.4% | 3,617.0 22.3% | 3,467.0 20.9% | 3,065.0 18.0% | 2,675.0 13.2% | 3,538.0 12.3% | 4,028.0 13.6% | 3,104.0 10.4% | 4,631.0 15.2% | 4,789.0 16.6% | 3,606.0 12.0% | 5,039.0 15.9% | 3,758.0 12.0% | 3,676.0 11.4% |
| EPS | 1.49 | 2.11 | 2.44 | 1.97 | 1.85 | 2.80 | 2.87 | 3.43 | 3.40 | 3.06 | 2.44 | 2.51 | 2.92 | 2.29 | 3.44 | 3.57 | 2.68 | 3.75 | 2.83 | 2.77 |
| Diluted EPS | 1.48 | 2.09 | 2.41 | 1.95 | 1.84 | 2.79 | 2.86 | 3.41 | 3.37 | 3.02 | 2.41 | 2.48 | 2.89 | 2.27 | 3.41 | 3.54 | 2.66 | 3.73 | 2.82 | 2.76 |
% margin | 3,061.9 30.5% | 4,172.8 37.0% | 4,322.0 35.1% | 3,631.0 26.9% | 3,510.0 24.0% | 5,143.0 32.5% | 5,058.0 31.7% | 5,327.0 32.9% | 5,538.0 33.4% | 5,645.0 33.2% | 6,278.0 31.0% | 8,539.0 29.6% | 9,027.0 30.4% | 9,189.0 30.7% | 9,368.0 30.7% | 7,825.0 27.1% | 8,192.0 27.2% | 9,554.0 30.2% | 8,475.0 27.1% | 8,203.0 25.3% |
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FAQ
1) What is Medtronic plc's Net Debt to Free Cash Flow?
As of today, Microsoft Corp's last 12-month Net Debt to Free Cash Flow is 4.6x, based on the financial report for Jan 24, 2025 (Q1’2025). The average annual Net Debt to Free Cash Flow for Medtronic plc have been 3.4x over the past three years, and 3.4x over the past five years.
2) Is Medtronic plc's Net Debt to Free Cash Flow Good?
As of today, Medtronic plc's Net Debt to Free Cash Flow is 4.6x, which is higher than industry median of 0.4x. It indicates that Medtronic plc's Net Debt to Free Cash Flow is Bad.