Free Cash Flow for Medtronic (MDT)
Free Cash Flow for Medtronic (MDT): headline value $5.41B · YoY -0.3%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
MDT
Currently viewingFree Cash FlowSwitch metric
Latest period
$5.41B
YoY change
-0.3%
5Y CAGR
-2.9%
Peak year (2020)
$6.02B
Latest annual
$5.18B
Free Cash Flow history chart for Medtronic (MDT) from 1990 to 2025
Free Cash Flow history table for Medtronic (MDT) from 1990 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $5.18B | -0.3% | ||
| 2024 | $5.20B | +13.5% | ||
| 2023 | $4.58B | -23.4% | ||
| 2022 | $5.98B | +22.4% | ||
| 2021 | $4.88B | -18.9% | ||
| 2020 | $6.02B | +2.5% | ||
| 2019 | $5.87B | +62.4% | ||
| 2018 | $3.62B | -35.7% | ||
| 2017 | $5.63B | +34.9% | ||
| 2016 | $4.17B | -3.7% | ||
| 2015 | $4.33B | -5.1% | ||
| 2014 | $4.56B | +3.1% | ||
| 2013 | $4.43B | +14.9% | ||
| 2012 | $3.85B | +20.7% | ||
| 2011 | $3.19B | -8.7% | ||
| 2010 | $3.50B | +8.7% | ||
| 2009 | $3.21B | +11.5% | ||
| 2008 | $2.88B | +26.2% | ||
| 2007 | $2.29B | +137.2% | ||
| 2006 | $963.20M | -59.3% | ||
| 2005 | $2.37B | -2.2% | ||
| 2004 | $2.42B | +42.6% | ||
| 2003 | $1.70B | +41.0% | ||
| 2002 | $1.20B | -13.5% | ||
| 2001 | $1.39B | +98.9% | ||
| 2000 | $699.90M | -188.8% | ||
| 1999 | -$788.50M | -278.4% | ||
| 1998 | $441.90M | +61.6% | ||
| 1997 | $273.40M | -18.8% | ||
| 1996 | $336.70M | +16.0% | ||
| 1995 | $290.30M | -2.0% | ||
| 1994 | $296.10M | +38.1% | ||
| 1993 | $214.40M | +188.9% | ||
| 1992 | $74.20M | +22.0% | ||
| 1991 | $60.80M | +18.1% | ||
| 1990 | $51.50M | — |
Free Cash Flow values are taken from Medtronic's reported cash flow 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
Medtronic (MDT) most recent annual free cash flow stands at $5.18B (2025) – edged down 0.3% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Medtronic free cash flow compounded at -2.9% per year, with a net decline across the window.
Medtronic free cash flow declined from $6.02B in 2020 to $5.18B in 2025, a 13.9% drawdown.
2020 marks the peak free cash flow at $6.02B, with the historical low of -$788.50M recorded in 1999.
Among 8 Healthcare peers, Medtronic (MDT) ranks 9th; the peer median for free cash flow is $14.22B.
Medtronic Free Cash Flow by Year
Medtronic Free Cash Flow 2025: $5.18B
Medtronic free cash flow in 2025 was $5.18B, edged down 0.3% below 2024.
Medtronic Free Cash Flow 2024: $5.20B
Medtronic free cash flow in 2024 was $5.20B, grew 13.5% from 2023.
Medtronic Free Cash Flow 2023: $4.58B
Medtronic free cash flow in 2023 was $4.58B, declined 23.4% below 2022.
Medtronic Free Cash Flow 2022: $5.98B
Medtronic free cash flow in 2022 was $5.98B, grew 22.4% from 2021.
Medtronic Free Cash Flow 2021: $4.88B
Medtronic free cash flow in 2021 was $4.88B.
See more financial history for Medtronic (MDT).
Sector peers — Free Cash Flow
Companies in the same sector as Medtronic, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $28.99B | Healthcare |
| Johnson & Johnson (JNJ) | $19.70B | Healthcare |
| AbbVie Inc. (ABBV) | $17.82B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $16.07B | Healthcare |
| Merck & Co., Inc. (MRK) | $12.36B | Healthcare |
| AstraZeneca PLC (AZN) | $11.77B | Healthcare |
| Eli Lilly and Company (LLY) | $8.97B | Healthcare |
| Amgen Inc. (AMGN) | $8.10B | Healthcare |
Frequently asked questions
What is Medtronic's free cash flow?
Latest reported free cash flow for Medtronic (MDT) is $5.41B (period ending January 23, 2026).
How has Medtronic free cash flow changed year-over-year?
Medtronic (MDT) free cash flow changed -0.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Medtronic free cash flow?
Medtronic (MDT) free cash flow compound annual growth rate is -2.9% over the most recent 5 years available.
When did Medtronic free cash flow hit its highest annual value?
Medtronic free cash flow reached its highest annual value of $6.02B in 2020.
What was Medtronic free cash flow in 2024?
Medtronic (MDT) free cash flow in 2024 was $5.20B.
What was Medtronic free cash flow in 2025?
Medtronic (MDT) free cash flow in 2025 was $5.18B.
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