Medtronic manufactures and sells device-based medical therapies. Its products include pacemakers, insertable cardiac monitors, implantable defibrillators, leads and delivery systems, ablation products, electrophysiology catheters, coronary and peripheral stents and related delivery systems, therapies for uncontrolled hypertension, endovascular stent graft systems, heart valve replacement technologies, and cardiac tissue ablation systems. The Company also manufactures image-guided surgery and intra-operative imaging systems.

Minneapolis, US
Size (employees)
91,000 (est)+4%
Medtronic was founded in 1949 and is headquartered in Minneapolis, US
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Key People/Management at Medtronic

Omar Ishrak

Omar Ishrak

Chairman and CEO
Karen Parkhill

Karen Parkhill

Richard Kuntz

Richard Kuntz

Senior Vice President and Chief Scientific, Clinical and Regulatory Officer
Carol Surface

Carol Surface

SVP and Chief Human Resources Officer
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Medtronic Office Locations

Medtronic has offices in Herzliya, Watford, Neuchâtel, Stockholm and in 83 other locations
Minneapolis, US (HQ)
710 Medtronic Parkway
Doral, US
450 9850 NW 41st St
Miami, US
Doral Corporate Centre II, 3750 NW 87th Avenue, Suite 700
Plymouth, US
3800 Annapolis Ln N #175
Portsmouth, US
180 International Dr
San Antonio, US
18302 Talavera Ridge
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Medtronic Financials and Metrics

Medtronic Revenue

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Medtronic's revenue was reported to be $29.95 b in FY, 2018

Revenue (FY, 2018)

30 b

Gross profit (FY, 2018)

20.9 b

Gross profit margin (FY, 2018), %


Net income (FY, 2018)

3.1 b

EBIT (FY, 2018)

6.7 b

Market capitalization (11-Jul-2018)

118 b

Closing share price (11-Jul-2018)


Cash (27-Apr-2018)

3.7 b


138 b
Medtronic's current market capitalization is $118 b.
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018


17 b20.3 b28.8 b29.7 b30 b

Revenue growth, %


Cost of goods sold

4.3 b6.3 b9.1 b9.3 b9.1 b

Gross profit

12.7 b14 b19.7 b20.4 b20.9 b
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018


7.3 b7.1 b6.9 b7.2 b7.3 b7.28 t7.4 b7.05 t21.8 b

Cost of goods sold

2.5 b2.2 b2.1 b2.3 b2.3 b2.27 t2.3 b2.12 t6.7 b

Gross profit

4.8 b4.9 b4.8 b4.9 b5 b5.01 t5 b4.93 t15.1 b

Gross profit Margin, %

usdY, 2014FY, 2015FY, 2016FY, 2017FY, 2018


13.2 m4.8 b186.4 m5 b3.7 b

Accounts Receivable

17.1 m


1.7 b3.5 b3.5 b3.3 b3.6 b

Current Assets

21.2 b30.8 b23.6 b24.9 b23 b
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018


46 k3 b2.4 b2.7 b3.1 b3 b2.8 b4.7 b5.5 b6.4 b

Accounts Receivable

(68 m)


3.4 b3.5 b3.5 b3.6 b3.7 b3.7 b3.5 b3.8 b

Current Assets

46 k29.1 b28.7 b27.6 b23.5 b22.5 b22.4 b24.8 b25.2 b26.6 b
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

3.1 b2.7 b3.5 b4 b3.1 b

Depreciation and Amortization

349 m1.3 b2.8 b2 b2.6 b


(39 m)(282 m)(186 m)(192 m)

Accounts Payable

(16.7 m)65 m
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Net Income

(37.1 m)820 m1.3 b2.4 b929 m2 b2.9 b1 b1.6 b

Depreciation and Amortization

701 m1.4 b2.1 b737 m1.5 b2.2 b636 m2 b


(207 m)(326 m)(388 m)(101 m)(187 m)(261 m)(318 m)

Accounts Payable

1.3 b1.4 b1.4 b13 m
USDY, 2018


20.7 x


29.5 x

Financial Leverage

1.8 x
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Medtronic Operating Metrics

Medtronic's Patients was reported to be 65 m in FY, 2016.
FY, 2014FY, 2015FY, 2016


160 160

Patents Issued

27 k53 k45 k


65 m
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Medtronic Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Visionsense Ltd April 11, 2018$75 m

Human Capital Metrics

Medtronic's employees are reported to be approximately 49% female and 51% male.
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Medtronic Online and Social Media Presence

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Medtronic News and Updates

A Comprehensive Study exploring Automated Suturing Devices Market | key players: Medtronic, Boston Scientific, C. R. Bard

The study of the Automated Suturing Devices market by HTF MI provides the market size information and market trends along with factors and parameters impacting it in both short- and long-term. Posted via Industry Today. Follow us on Twitter @IndustryToday

Deep Brain Stimulators Market Studied in Detail by Focusing on Product Type, Application, And Competitive Landscape with Top Companies like Medtronic, Boston Scientific, St. Jude Medical, Aleva Neurotherapeutics, Adaptive Neuromodulation

Research N Reports has added a new research report to its database. The report, titled “Global Deep Brain Stimulators Market Research Report 2023,” is an expansive document that traverses the various segments associated with the market and how they are expected to be influential till 2023. Posted vi…

Vertebroplasty and Kyphoplasty Devices Market will reach 1780 million US$ by 2025

The global Vertebroplasty and Kyphoplasty Devices market is valued at 910 million US$ in 2017 and will reach 1780 million US$ by the end of 2025, growing at a CAGR of 8.7% during 2018-2025. Posted via Industry Today. Follow us on Twitter @IndustryToday

Bone Grafts and Substitutes Market : Rising Demand with leading key players Medtronic, Johnson & Johnson, Stryker

Latest research study from HTF MI with title Global Bone Grafts and Substitutes by Manufacturers, Regions, Type and Application, Forecast to 2023. The Research report presents a complete assessment of the market and contains Future trend, Current Growth Factors, attentive opinions, facts, historical…

A Comprehensive Study exploring Dental Surgical Navigation Systems Market | key players: Medtronic plc, Stryker, Fiagon AG

Global Dental Surgical Navigation Systems Market Professional Survey Report 2018 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on mar…

EEG Equipment Market Analysis and Prediction by Leading Manufacturers: Nihon Kohden, Natus Medical, Medtronic

HTF MI published a new industry research that focuses on EEG Equipment market and delivers in-depth market analysis and future prospects of Global EEG Equipment market. Posted via Industry Today. Follow us on Twitter @IndustryToday
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Medtronic Company Life and Culture

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