Medtronic (MDT) Cash Flow 2020-2026

Operating cash flow, free cash flow, FCF margin, and earnings quality

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $2.57B
Free Cash Flow: $2.08B
FCF Margin: 5.7%
FCF / Net Income: 1.7

FCF of $2.08B on $2.57B in operating cash flow. The FCF / Net Income ratio of 0.4x indicates partial cash conversion — earnings quality needs attention.

Operating Cash Flow

Cash generated from core business operations

Free Cash Flow

Cash the business generates after maintaining itself

FCF Margin (%)

10%+ signals a capital-efficient business model

FCF / Net Income

Above 1 means earnings are backed by real cash