Aureus
AExcellent

Medtronic plc.(MDT)

A

Financial data as of Apr 30, 2025Declining · Healthcare

FCF Margin15.5%Free Cash Flow / Revenue
Cash Conversion151.1%Operating CF / Net Income
Free Cash Flow$5.2B
Revenue$33.5B
Net Cash-$26.3BNet debt position
Debt / FCF5.5xElevated debt burden
Current Ratio1.85Adequate short-term liquidity
YoY FCF Growth-17.5%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-0.5Elevated debt-to-FCF ratio (5.5x)
→
+0.5Healthy FCF margin with manageable debt (15.5%, 5.5x)
→
-0.5Moderate decline but healthy margin (-17.5% YoY)
→
FinalA

Analysis Summary

Strengths

  • Strong FCF margin (15.5%)
  • Excellent cash conversion (151%)

Concerns

  • Heavy debt position ($26.3B)
  • High debt-to-FCF ratio (5.5x)
  • FCF trend declining (-17.5% YoY) but margin still healthy

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin15.5%
Net Margin13.9%
Operating CF Margin21.0%
CapEx Ratio5.5%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$26.3BNet debt position
Debt / FCF5.5xElevated debt burden
Current Ratio1.85Strong liquidity
Debt / Equity0.59Low leverage

Quarterly FCF Trend

-17.5% YoYDeclining (-17.5%)

Free cash flow per quarter

Sector Comparison — Healthcare

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameMedtronic plc.
SectorHealthcare
Free Cash Flow$5.2B
Revenue$33.5B
Net Income$4.7B
Operating Cash Flow$7.0B
Capital Expenditure$1.9B
FCF Margin15.5%
Cash Conversion Rate151.1%
Net Margin13.9%
Total Debt$28.5B
Total Cash$2.2B
Net Cash-$26.3B
Current Ratio1.85
Debt / Equity0.59
Debt / FCF5.5x
YoY FCF Growth-17.5%
Positive Quarters5 of 5
Trend DirectionDeclining
Report DateApr 30, 2025
GradeA
Data SourceYahoo Finance