Medtronic PLC (MDT) — Free Cash Flow Generation Index
Latest as of January 2026:
0.84x
Medtronic PLC (MDT) has a Free Cash Flow Generation Index of 0.84x as of January 2026. Free cash flow of $2.30 Billion represents 1% of operating cash flow ($2.74 Billion). See Medtronic PLC (MDT) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
0.84x
Free Cash Flow / Operating CF
Free Cash Flow
$2.30 Billion
USD
Operating Cash Flow
$2.74 Billion
USD
Capital Expenditures
$444.00 Million
USD
Medtronic PLC Free Cash Flow Generation Index (1990–2025)
Historical FCF Generation Index trend for Medtronic PLC across 36 annual periods. Explore MDT cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Medtronic PLC (1990–2025)
Year-by-year Free Cash Flow Generation Index for Medtronic PLC. For the full company profile including market capitalisation, see MDT company net worth.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.74x | $5.18 Billion | $7.04 Billion | $1.86 Billion | ▼ -3.9% |
| 2024 | 0.77x | $5.20 Billion | $6.79 Billion | $1.59 Billion | ▲ +1.0% |
| 2023 | 0.76x | $4.58 Billion | $6.04 Billion | $1.46 Billion | ▼ -6.8% |
| 2022 | 0.81x | $5.98 Billion | $7.35 Billion | $1.37 Billion | ▲ +4.0% |
| 2021 | 0.78x | $4.88 Billion | $6.24 Billion | $1.35 Billion | ▼ -5.9% |
| 2020 | 0.83x | $6.02 Billion | $7.23 Billion | $1.21 Billion | ▼ -0.7% |
| 2019 | 0.84x | $5.87 Billion | $7.01 Billion | $1.13 Billion | ▲ +8.6% |
| 2018 | 0.77x | $3.62 Billion | $4.68 Billion | $1.07 Billion | ▼ -5.6% |
| 2017 | 0.82x | $5.63 Billion | $6.88 Billion | $1.25 Billion | ▲ +2.3% |
| 2016 | 0.80x | $4.17 Billion | $5.22 Billion | $1.05 Billion | ▼ -9.5% |
| 2015 | 0.88x | $4.33 Billion | $4.90 Billion | $571.00 Million | ▼ -4.0% |
| 2014 | 0.92x | $4.56 Billion | $4.96 Billion | $396.00 Million | ▲ +1.5% |
| 2013 | 0.91x | $4.43 Billion | $4.88 Billion | $457.00 Million | ▲ +5.2% |
| 2012 | 0.86x | $3.85 Billion | $4.47 Billion | $528.00 Million | ▲ +1.0% |
| 2011 | 0.85x | $3.19 Billion | $3.74 Billion | $548.00 Million | ▲ +0.9% |
| 2010 | 0.85x | $3.50 Billion | $4.13 Billion | $635.00 Million | ▲ +2.1% |
| 2009 | 0.83x | $3.21 Billion | $3.88 Billion | $663.00 Million | ▲ +0.3% |
| 2008 | 0.83x | $2.88 Billion | $3.49 Billion | $606.00 Million | ▲ +7.7% |
| 2007 | 0.77x | $2.29 Billion | $2.98 Billion | $694.00 Million | ▲ +75.8% |
| 2006 | 0.44x | $963.20 Million | $2.21 Billion | $1.24 Billion | ▼ -48.0% |
| 2005 | 0.84x | $2.37 Billion | $2.82 Billion | $452.00 Million | ▼ -1.3% |
| 2004 | 0.85x | $2.42 Billion | $2.85 Billion | $424.60 Million | ▲ +4.1% |
| 2003 | 0.82x | $1.70 Billion | $2.08 Billion | $380.40 Million | ▲ +7.9% |
| 2002 | 0.76x | $1.20 Billion | $1.59 Billion | $386.40 Million | ▼ -0.4% |
| 2001 | 0.76x | $1.39 Billion | $1.83 Billion | $439.70 Million | ▲ +13.1% |
| 2000 | 0.67x | $699.90 Million | $1.04 Billion | $342.10 Million | ▲ +138.8% |
| 1999 | -1.73x | $-788.50 Million | $455.30 Million | $1.24 Billion | ▼ -371.6% |
| 1998 | 0.64x | $441.90 Million | $693.10 Million | $148.20 Million | ▲ +8.1% |
| 1997 | 0.59x | $273.40 Million | $463.60 Million | $190.20 Million | ▼ -12.3% |
| 1996 | 0.67x | $336.70 Million | $500.50 Million | $163.80 Million | ▼ -10.3% |
| 1995 | 0.75x | $290.30 Million | $387.20 Million | $96.90 Million | ▼ -9.6% |
| 1994 | 0.83x | $296.10 Million | $356.90 Million | $60.80 Million | ▲ +12.8% |
| 1993 | 0.74x | $214.40 Million | $291.50 Million | $77.10 Million | ▲ +50.1% |
| 1992 | 0.49x | $74.20 Million | $151.40 Million | $77.20 Million | ▲ +2.0% |
| 1991 | 0.48x | $60.80 Million | $126.60 Million | $65.80 Million | ▼ -0.4% |
| 1990 | 0.48x | $51.50 Million | $106.80 Million | $55.30 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).