Medtronic PLC (MDT) — Cash Flow Quality Index
Latest as of April 2026:
2.02x
Medtronic PLC (MDT) has a Cash Flow Quality Index of 2.02x as of April 2026. Operating cash flow of $2.57 Billion exceeds net income of $1.27 Billion, indicating high earnings quality where cash backs reported profits. Explore Medtronic PLC (MDT) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
2.02x
Operating CF / Net Income
Operating Cash Flow
$2.57 Billion
USD
Net Income
$1.27 Billion
USD
Data as of
Apr 2026
Most recent filing
Medtronic PLC Cash Flow Quality Index (1990–2026)
Historical Cash Flow Quality Index for Medtronic PLC across 37 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see MDT operating cash flow.
Annual Cash Flow Quality Index for Medtronic PLC (1990–2026)
Year-by-year earnings quality comparison for Medtronic PLC.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 1.52x | $7.33 Billion | $4.84 Billion | ▲ +0.9% |
| 2025 | 1.50x | $7.04 Billion | $4.69 Billion | ▼ -18.7% |
| 2024 | 1.85x | $6.79 Billion | $3.68 Billion | ▲ +15.7% |
| 2023 | 1.60x | $6.04 Billion | $3.78 Billion | ▲ +10.0% |
| 2022 | 1.45x | $7.35 Billion | $5.06 Billion | ▼ -15.6% |
| 2021 | 1.72x | $6.24 Billion | $3.63 Billion | ▲ +14.2% |
| 2020 | 1.51x | $7.23 Billion | $4.81 Billion | ▼ -0.1% |
| 2019 | 1.51x | $7.01 Billion | $4.65 Billion | ▼ -0.4% |
| 2018 | 1.51x | $4.68 Billion | $3.10 Billion | ▼ -11.5% |
| 2017 | 1.71x | $6.88 Billion | $4.02 Billion | ▲ +15.9% |
| 2016 | 1.47x | $5.22 Billion | $3.54 Billion | ▼ -19.5% |
| 2015 | 1.83x | $4.90 Billion | $2.67 Billion | ▲ +13.3% |
| 2014 | 1.62x | $4.96 Billion | $3.06 Billion | ▲ +14.9% |
| 2013 | 1.41x | $4.88 Billion | $3.47 Billion | ▲ +14.0% |
| 2012 | 1.24x | $4.47 Billion | $3.62 Billion | ▲ +2.3% |
| 2011 | 1.21x | $3.74 Billion | $3.10 Billion | ▼ -9.4% |
| 2010 | 1.33x | $4.13 Billion | $3.10 Billion | ▼ -25.4% |
| 2009 | 1.79x | $3.88 Billion | $2.17 Billion | ▲ +14.3% |
| 2008 | 1.56x | $3.49 Billion | $2.23 Billion | ▲ +47.1% |
| 2007 | 1.06x | $2.98 Billion | $2.80 Billion | ▲ +22.7% |
| 2006 | 0.87x | $2.21 Billion | $2.55 Billion | ▼ -44.5% |
| 2005 | 1.56x | $2.82 Billion | $1.80 Billion | ▲ +7.6% |
| 2004 | 1.45x | $2.85 Billion | $1.96 Billion | ▲ +11.8% |
| 2003 | 1.30x | $2.08 Billion | $1.60 Billion | ▼ -19.6% |
| 2002 | 1.62x | $1.59 Billion | $984.00 Million | ▼ -7.7% |
| 2001 | 1.75x | $1.83 Billion | $1.05 Billion | ▲ +84.6% |
| 2000 | 0.95x | $1.04 Billion | $1.10 Billion | ▼ -2.4% |
| 1999 | 0.97x | $455.30 Million | $468.40 Million | ▼ -16.6% |
| 1998 | 1.17x | $693.10 Million | $594.60 Million | ▲ +33.3% |
| 1997 | 0.87x | $463.60 Million | $530.00 Million | ▼ -23.5% |
| 1996 | 1.14x | $500.50 Million | $437.80 Million | ▼ -13.2% |
| 1995 | 1.32x | $387.20 Million | $294.00 Million | ▼ -14.2% |
| 1994 | 1.54x | $356.90 Million | $232.40 Million | ▲ +11.5% |
| 1993 | 1.38x | $291.50 Million | $211.60 Million | ▲ +46.9% |
| 1992 | 0.94x | $151.40 Million | $161.50 Million | ▼ -1.2% |
| 1991 | 0.95x | $126.60 Million | $133.40 Million | ▼ -3.4% |
| 1990 | 0.98x | $106.80 Million | $108.70 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.