EBITDA for Medtronic (MDT)
According to Medtronic's latest reported financial statements, the company's current EBITDA (TTM) is $9.36B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MDT
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$9.36B
YoY change
+12.4%
5Y CAGR
+3.4%
Peak year (2018)
$9.46B
Cumulative EBITDA
$157.67B
EBITDA history chart for Medtronic (MDT) from 1986 to 2025
EBITDA history table for Medtronic (MDT) from 1986 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $9.22B | +12.4% | ||
| 2024 | $8.20B | -5.7% | ||
| 2023 | $8.70B | -0.9% | ||
| 2022 | $8.78B | +16.7% | ||
| 2021 | $7.52B | -3.7% | ||
| 2020 | $7.81B | -16.0% | ||
| 2019 | $9.30B | -1.7% | ||
| 2018 | $9.46B | +9.9% | ||
| 2017 | $8.61B | +0.8% | ||
| 2016 | $8.54B | +56.5% | ||
| 2015 | $5.46B | +10.6% | ||
| 2014 | $4.93B | -9.6% | ||
| 2013 | $5.46B | +2.5% | ||
| 2012 | $5.33B | +8.3% | ||
| 2011 | $4.92B | -3.9% | ||
| 2010 | $5.12B | +45.8% | ||
| 2009 | $3.51B | -7.1% | ||
| 2008 | $3.78B | -12.6% | ||
| 2007 | $4.32B | +1.7% | ||
| 2006 | $4.25B | +8.8% | ||
| 2005 | $3.91B | +7.8% | ||
| 2004 | $3.62B | +18.4% | ||
| 2003 | $3.06B | +23.5% | ||
| 2002 | $2.48B | +13.9% | ||
| 2001 | $2.18B | +12.9% | ||
| 2000 | $1.93B | +22.0% | ||
| 1999 | $1.58B | +25.5% | ||
| 1998 | $1.26B | +20.4% | ||
| 1997 | $1.05B | +39.7% | ||
| 1996 | $748.00M | +37.8% | ||
| 1995 | $542.80M | +32.0% | ||
| 1994 | $411.20M | +12.8% | ||
| 1993 | $364.70M | +19.4% | ||
| 1992 | $305.40M | +20.8% | ||
| 1991 | $252.90M | +23.7% | ||
| 1990 | $204.40M | +17.3% | ||
| 1989 | $174.30M | +9.6% | ||
| 1988 | $159.10M | +20.4% | ||
| 1987 | $132.10M | +32.6% | ||
| 1986 | $99.60M | — |
EBITDA values are taken from Medtronic's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Medtronic (MDT) reported EBITDA of $9.22B – grew 12.4% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Medtronic EBITDA compounded at +3.4% per year, with the latest reading among the more recent periods of the dataset.
Medtronic EBITDA edged down from $9.46B in 2018 to $9.22B in 2025, a 2.6% drawdown.
The highest annual EBITDA of $9.46B was reported in 2018. The lowest in the available history was $99.60M in 1986.
Medtronic (MDT) sits 9th of 8 Healthcare peers we track on this metric, against a peer median of $24.21B.
Medtronic EBITDA by Year
Medtronic EBITDA 2025: $9.22B
Medtronic EBITDA in 2025 was $9.22B, grew 12.4% from 2024.
Medtronic EBITDA 2024: $8.20B
Medtronic EBITDA in 2024 was $8.20B, declined 5.7% below 2023.
Medtronic EBITDA 2023: $8.70B
Medtronic EBITDA in 2023 was $8.70B, edged down 0.9% below 2022.
Medtronic EBITDA 2022: $8.78B
Medtronic EBITDA in 2022 was $8.78B, grew 16.7% from 2021.
Medtronic EBITDA 2021: $7.52B
Medtronic EBITDA in 2021 was $7.52B.
See more financial history for Medtronic (MDT).
Sector peers — EBITDA
Companies in the same sector as Medtronic, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $156.73B | Healthcare |
| Johnson & Johnson (JNJ) | $41.05B | Healthcare |
| Eli Lilly and Company (LLY) | $27.94B | Healthcare |
| Merck & Co., Inc. (MRK) | $25.36B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $23.06B | Healthcare |
| AstraZeneca PLC (AZN) | $19.83B | Healthcare |
| AbbVie Inc. (ABBV) | $17.63B | Healthcare |
| Amgen Inc. (AMGN) | $15.84B | Healthcare |
Frequently asked questions
What is Medtronic's EBITDA?
- Latest reported EBITDA for Medtronic (MDT) is $9.36B (period ending January 23, 2026).
How has Medtronic EBITDA changed year-over-year?
- Medtronic (MDT) EBITDA changed +12.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Medtronic EBITDA?
- Medtronic (MDT) EBITDA compound annual growth rate is +3.4% over the most recent 5 years available.
When did Medtronic EBITDA hit its highest annual value?
- Medtronic EBITDA reached its highest annual value of $9.46B in 2018.
What was Medtronic EBITDA in 2024?
- Medtronic (MDT) EBITDA in 2024 was $8.20B.
What was Medtronic EBITDA in 2025?
- Medtronic (MDT) EBITDA in 2025 was $9.22B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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