Medtronic is the world’s largest medical technology company, offering an unprecedented breadth and depth of innovative therapies to fulfill our mission of alleviating pain, restoring health, and extending life. Last year, more than 10 million people benefited from our medical therapies, which treat cardiac and vascular diseases, diabetes, and neurological and musculoskeletal conditions.
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


Medtronic Office Locations

Medtronic has offices in Minneapolis, Dublin, Singapore, Moscow and in 51 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
Singapore, SG
49 Changi South Avenue 2, Nasaco Tech Centre
Dublin, IE
20 Lower Hatch Street

Medtronic Data and Metrics

Medtronic Financial Metrics

Medtronic's revenue was reported to be $28.8 b in FY, 2016 which is a 42% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

28.8 b

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

19.7 b

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

3.5 b

EBIT (FY, 2016)

5.3 b

Market capitalization (26-May-2017)

116.5 b

Closing share price (26-May-2017)


Cash (29-Apr-2016)

186.4 m


147.5 b
Medtronic's current market capitalization is $116.5 b.
Numbers are in $, USDFY, 2014FY, 2015FY, 2016


17 b20.3 b28.8 b

Revenue growth, %


Cost of goods sold

4.3 b6.3 b9.1 b

Gross profit

12.7 b14 b19.7 b

Gross profit Margin, %


Operating expense total

13.3 b


3.8 b5.3 b

EBIT margin, %


Interest expense

108 m666 m1.4 b

Interest income

(386 m)(431 m)

Income tax expense

640 m811 m798 m

Net Income

3.1 b2.7 b3.5 b
Numbers are in $, USDY, 2014FY, 2015FY, 2016


13.2 m4.8 b186.4 m

Accounts Receivable

17.1 m


1.7 b3.5 b3.5 b

Current Assets

21.2 b30.8 b23.6 b


2.4 b4.7 b4.8 b


10.6 b40.5 b41.5 b

Total Assets

37.9 b106.7 b99.8 b

Accounts Payable

742 m1.6 b1.7 b

Total Debt

11.9 b36.2 b31.2 b

Current Liabilities

5.6 b9.2 b7.2 b

Retained Earnings

19.9 b54.4 b53.9 b

Total Equity

19.4 b53.2 b52.1 b

Debt to Equity Ratio

0.6 x0.7 x0.6 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x

Financial Leverage

2 x2 x1.9 x
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Net Income

3.1 b2.7 b3.5 b

Depreciation and Amortization

349 m1.3 b2.8 b

Accounts Receivable

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


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

Accounts Payable

(16.7 m)

Cash From Operating Activities

5 b3.4 b5.2 b

Purchases of PP&E

(396 m)

Cash From Investing Activities

(3.6 b)(17.1 b)2.2 b

Long-term Borrowings

(565 m)(1.3 b)(5.1 b)

Cash From Financing Activities

(918 m)15.9 b(9.5 b)

Interest Paid

394 m578 m1.3 b

Income Taxes Paid

521 m632 m1.4 b
Numbers are in $, USDY, 2016


27.9 x


28.3 x


320.4 k


0.6 x


0.3 x

Financial Leverage

1.9 x

Medtronic Operating Metrics

FY, 2014FY, 2015FY, 2016

Patents Granted

27 k53 k45 k



Patients Served

65 m

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

Medtronic Online and Social Media Presence

Medtronic News and Updates

Medtronic Company Life and Culture

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