Medtronic is a medical technology company, offering innovative therapies to fulfill its mission of alleviating pain, restoring health and extending life. The Company has six main business units, which develop and manufacture devices and therapies to treat more than 30 chronic diseases, including heart failure, Parkinson's disease, urinary incontinence, Down's syndrome, obesity, chronic pain, spinal disorders and diabetes.

Company Growth (employees)
Minneapolis, US
Size (employees)
88,000 (est)
Medtronic was founded in 1949 and is headquartered in Minneapolis, US

Key People at Medtronic

Omar Ishrak

Omar Ishrak

Chairman and CEO
Richard E. Kuntz

Richard E. Kuntz

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

Carol Surface

SVP and Chief Human Resources Officer

Medtronic Office Locations

Medtronic has offices in Minneapolis, Dublin, Singapore, Moscow and in 50 other locations
Minneapolis, US (HQ)
710 Medtronic Parkway
Tolochenaz, CH
Route du Molliau 31, Case Postale
Mumbai, IN
#1241, Solitaire Corporate Park, Building 12, Ghatkopar Andheri Link Road, Andheri
Miami, US
Doral Corporate Centre II, 3750 NW 87th Avenue, Suite 700
Beijing, CN
Beijing Rep. Office Suite 1805-1812 E1 Tower Oriental Plaza, No.1 East Chang An Ave., Dong Cheng District
Moscow, RU
Naberezhnaya Tower C, Presnenskaya Naberezhnaya,10
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Medtronic Data and Metrics

Medtronic Financial Metrics

Medtronic's revenue was reported to be $29.7 b in FY, 2017

Revenue (FY, 2017)

29.7 b

Revenue growth (FY, 2016 - FY, 2017), %


Gross profit (FY, 2017)

20.4 b

Gross profit margin (FY, 2017), %


Net income (FY, 2017)

4 b

EBIT (FY, 2017)

5.3 b

Market capitalization (21-Sep-2017)

109.4 b

Cash (28-Apr-2017)

5 b


130.4 b
Medtronic's current market capitalization is $109.4 b.
USDFY, 2014FY, 2015FY, 2016FY, 2017


17 b20.3 b28.8 b29.7 b

Revenue growth, %


Cost of goods sold

4.3 b6.3 b9.1 b9.3 b

Gross profit

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


7.3 b7.1 b6.9 b7.2 b7.3 b7.3 q

Cost of goods sold

2.5 b2.2 b2.1 b2.3 b2.3 b2.3 q

Gross profit

4.8 b4.9 b4.8 b4.9 b5 b5 q

Gross profit Margin, %

USDY, 2014FY, 2015FY, 2016FY, 2017


13.2 m4.8 b186.4 m5 b

Accounts Receivable

17.1 m


1.7 b3.5 b3.5 b3.3 b

Current Assets

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


46 k3 b2.4 b2.7 b3.1 b3 b2.8 b


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

Current Assets

46 k29.1 b28.7 b27.6 b23.5 b22.5 b22.4 b


4.7 b4.7 b4.6 b4.8 b4.9 b4.9 b
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

3.1 b2.7 b3.5 b4 b

Depreciation and Amortization

349 m1.3 b2.8 b2 b

Accounts Receivable

(70 m)(413 m)(435 m)(75 m)


(39 m)(282 m)(186 m)
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(37.1 m)820 m520 m1.1 b929 m2 b2.9 b

Depreciation and Amortization

481 m483 m484 m737 m1.5 b2.2 b

Accounts Receivable

196 m(89 m)18 m


3.4 b3.5 b3.5 b(101 m)(187 m)(261 m)
USDY, 2017


24.5 x


18.9 x


337.6 k


0.5 x


0.3 x

Financial Leverage

2 x
Show all financial metrics

Medtronic Operating Metrics

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

Patents Issued

27 k53 k45 k



Patients Served

65 m
Show all operating metrics

Medtronic Market Value History

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

Medtronic Median Salaries

Source: 602 public H-1B filings from Medtronic
Show all human capital metrics

Traffic Overview of Medtronic

Medtronic Online and Social Media Presence

Medtronic News and Updates

2 small firms are going to make a killing on a $6.1 billion deal

Two of the usual suspects played a role in setting up Cardinal Health’s $6.1 billion acquisition of Medtronic’s medical supplies business. But two smaller firms also got in on the action. Goldman Sachs and Perella Weinberg are advising Cardinal Health on the deal, while Pip…

Why Medtronic Is One Of The Most Innovative Companies Of 2017

Thanks to a new system, some diabetes patients can spend less time managing their health. Thanks to a new system, some diabetes patients can spend less time managing their health.The $100 billion medical device maker Medtronic announced in September that it had received FDA app…

Medtronic Company Life and Culture

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