Medtronic PLC (MDT) — Cash Flow Quality Index
Medtronic PLC (MDT) has a Cash Flow Quality Index of 2.40x as of January 2026. Operating cash flow of $2.74 Billion exceeds net income of $1.14 Billion, indicating high earnings quality where cash backs reported profits. Explore Medtronic PLC long-term investment allocation to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Medtronic PLC Cash Flow Quality Index (1990–2025)
Historical Cash Flow Quality Index for Medtronic PLC across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check MDT tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Medtronic PLC (1990–2025)
Year-by-year earnings quality comparison for Medtronic PLC. For live market cap and the full company financial profile, see Medtronic PLC market cap and net worth.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 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 | — |