Medtronic plc logo MDT - Medtronic plc

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 29
HOLD 21
SELL 0
STRONG
SELL
0
| PRICE TARGET: $95.80 DETAILS
HIGH: $119.00
LOW: $80.00
MEDIAN: $90.00
CONSENSUS: $95.80
UPSIDE: 20.75%
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Revenue
Revenue 36,364 33,537 32,364 31,227 31,686 30,117 28,913 30,557 29,953 29,710 28,833 20,261 17,005 16,590 16,184 15,933 15,817 14,599 13,515 12,299 11,292 10,054.6 9,087.2 7,665.2 6,410.8 5,551.8 5,014.6 4,134.1 2,604.8 2,438.2 2,169.1 1,742.4 1,390.9 1,328.2 1,176.9 1,021.4 836.6 741.7 653.3 502 402.8
Cost of Revenue 12,721 11,632 11,216 10,719 10,145 10,483 9,424 9,155 9,067 9,294 9,142 6,309 4,333 4,126 3,889 3,700 3,582 3,518 3,446 3,168 2,815 2,446 2,252.9 1,890.3 1,652.7 1,113.3 1,021.9 886.2 740.3 629.3 479.4 433.6 353.1 350.5 322.4 285.2 232.4 194.4 181 142.8 117.5
Gross Profit 23,643 21,905 21,148 20,508 21,541 19,634 19,489 21,402 20,886 20,416 19,691 13,952 12,672 12,464 12,295 11,808 11,810 11,081 10,069 9,131 8,477 7,609 6,834.3 5,774.9 4,758.1 4,438.5 3,994.4 3,346.3 2,682.8 2,315.3 1,692.7 1,308.8 1,037.8 977.7 854.5 736.2 604.2 547.3 472.3 359.2 285.3
Operating Expenses
R&D Expenses 2,873 2,732 2,735 2,696 2,746 2,493 2,331 2,330 2,256 2,193 2,224 1,640 1,477 1,557 1,490 1,508 1,460 1,355 1,275 1,239 1,112.9 951.3 851.5 749.4 646.3 577.6 479.7 429.2 297.2 280.2 236.7 191.4 156.3 0 0 0 0 0 0 0 0
SG&A Expenses 11,784 10,849 10,736 10,415 10,292 10,148 10,109 10,418 10,238 10,018 9,469 6,904 5,847 5,698 5,623 5,427 5,282 5,866 4,707 4,153 3,659 3,214 2,801.4 2,371.9 1,962.8 1,685.2 1,578.8 1,325.2 1,052.4 944.5 944.7 574.6 470.3 613 549.1 483.3 399.8 373 313.2 227.1 185.7
Other Expenses 2,520 2,369 2,533 1,912 2,751 2,509 2,258 2,386 1,752 2,822 2,637 1,642 1,535 807 5,182 4,909 5,104 3,860 4,087 3,739 3,705 3,444 3,181.4 2,653.6 2,149 2,175.7 1,927.4 1,579.5 1,258.2 1,045.3 511.3 542.8 411.2 364.7 305.4 252.9 204.4 174.3 159.1 132.1 99.6
Operating Expenses 17,179 15,950 16,004 15,023 15,789 15,150 14,698 15,134 14,246 15,033 14,330 10,186 8,859 8,062 12,295 11,808 11,810 11,081 10,069 9,131 8,477 7,609 6,834.3 5,774.9 4,758.1 4,438.5 3,994.4 3,346.3 2,682.8 2,315.3 1,692.7 1,308.8 1,037.8 977.7 854.5 736.2 604.2 547.3 472.3 359.2 285.3
Operating Income
Operating Income 6,467 5,955 5,144 5,485 5,752 4,484 4,791 6,268 6,640 5,383 5,361 3,766 3,813 4,402 4,483 4,460 4,787 3,464 3,651 3,739 3,705 3,444 3,181.4 2,653.6 2,149 1,878.4 1,683.5 1,360.4 1,091.7 913.8 636 436.3 332.6 295.1 246 206.4 165 129.7 130.1 105.7 76.3
Interest Expense 715 729 719 636 553 925 1,092 1,444 1,146 1,094 1,386 666 379 388 349 450 402 371 255 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 431 386 271 237 200 172 156 188 364 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 9,809 9,218 8,203 8,697 8,777 7,522 7,810 9,300 9,465 8,613 8,542 5,458 4,934 5,458 5,327 4,918 5,118 3,510 3,777 4,322 4,249 3,907 3,624 3,061.7 2,478.8 2,175.7 1,927.4 1,579.5 1,258.2 1,045.3 748 542.8 411.2 364.7 305.4 252.9 204.4 174.3 159.1 132.1 99.6
EBIT 6,851 6,357 5,556 6,000 6,070 4,820 5,147 6,641 6,821 5,696 5,722 4,152 4,084 4,639 4,494 4,114 4,346 2,811 3,140 3,739 3,705 3,444 3,181.4 2,653.6 2,149 1,878.4 1,683.5 1,360.4 1,091.7 913.8 636 436.3 332.6 295.1 246 206.4 165 129.7 130.1 105.7 76.3
Income Before Tax 6,136 5,628 4,837 5,364 5,517 3,895 4,055 5,197 5,675 4,602 4,336 3,486 3,705 4,251 4,145 3,664 3,944 2,440 2,885 3,515 3,161 2,544 2,796.9 2,341.3 1,524.2 1,549.4 1,614.8 825.1 911.4 886.7 659 442.1 346.8 313.5 242.9 196.3 159.9 150.3 131.1 108.7 91.7
Income Tax Expense 1,299 936 1,133 1,580 456 265 (751) 547 2,580 578 798 811 640 784 730 627 870 425 654 713 614.6 739.6 837.6 741.5 540.2 503.4 530.5 353.6 316.8 303.5 230.6 148.1 114.4 101.9 81.4 62.9 51.2 52.9 44.6 34.9 24.3
Net Income 4,800 4,662 3,676 3,758 5,039 3,606 4,789 4,631 3,104 4,028 3,538 2,675 3,065 3,467 3,617 3,096 3,099 2,169 2,231 2,802 2,546.7 1,803.9 1,959.3 1,599.8 984 1,046 1,098.5 468.4 594.6 583.2 428.3 294 232.4 197.2 161.5 133.4 108.7 97.4 86.5 73.8 53.4
Per Share Data
EPS (Basic) 3.75 3.63 2.77 2.83 3.75 2.68 3.57 3.44 2.29 2.92 2.51 2.44 3.06 3.40 3.43 2.87 2.80 1.85 1.97 2.44 2.11 1.49 1.61 1.31 0.81 0.87 0.91 0.40 0.52 0.51 0.45 0.32 0.25 0.21 0.17 0.14 0.12 0.11 0.10 0.09 0.06
EPS (Diluted) 3.73 3.61 2.76 2.82 3.73 2.66 3.54 3.41 2.27 2.89 2.48 2.41 3.02 3.37 3.41 2.86 2.79 1.84 1.95 2.41 2.09 1.48 1.60 1.30 0.80 0.85 0.89 0.39 0.51 0.50 0.45 0.32 0.25 0.21 0.17 0.14 0.12 0.11 0.10 0.09 0.06
Shares Outstanding 1,281.8 1,285.6 1,327.7 1,329.8 1,342.4 1,344.9 1,340.7 1,346.4 1,356.7 1,378.9 1,409.6 1,095.5 1,002.1 1,019.3 1,053.9 1,077.4 1,106.3 1,121.9 1,130.7 1,149.7 1,204.5 1,210.7 1,213.7 1,217.5 1,211.6 1,203 1,194.7 1,177.1 1,150.2 1,143.5 951.8 921.9 918.5 939.0 950 952.9 905.8 885.5 865 820 890
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Current Assets
Cash & Cash Equivalents 1,949 2,218 1,284 1,543 3,714 3,593 4,140 4,393 3,669 4,967 2,876 4,843 1,403 984 1,248 1,382 1,400 1,271 1,060 1,256 2,994.3 2,232.2 1,593.7 1,470.1 410.7 1,030.3 448.4 222.1 382.7 197.4 110.3 98.3 108.7 77 100.8 88.8 36.2 51.3 78.5 113.7 135.4
Short-Term Investments 0 6,747 6,721 6,416 6,859 7,224 6,808 5,455 7,558 8,741 9,758 14,637 12,838 10,087 1,344 1,046 2,375 405 553 1,822 3,107.1 1,159.4 333.8 22.7 123 201.4 109.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 6,643 6,515 6,128 5,998 5,551 5,462 4,645 6,222 5,987 5,591 5,562 5,112 3,811 3,727 3,808 3,822 3,335 3,123 3,360 2,737 2,429 2,292.7 1,994.3 1,761.4 1,522.5 1,226.1 1,210.1 1,004.6 566.1 517 456.8 413.9 413.6 350 332.9 300 253.1 211.1 202.6 146.7 118.8
Inventory 5,951 5,476 5,217 5,293 4,616 4,313 4,229 3,753 3,579 3,338 3,473 3,463 1,725 1,712 1,800 1,695 1,481 1,426 1,280 1,215 1,176.9 981.4 877.7 942.4 748.1 729.5 690.6 554 331.1 282.6 257.3 221.9 213.3 189.1 173.2 139.4 128 119.6 107.3 84.1 77.3
Other Current Assets 10,244 2,858 2,585 2,425 2,319 1,956 2,209 2,144 2,187 2,236 833 1,836 736 598 963 775 544 605 600 405 197 386 197.4 194 324.4 281.5 554.6 614.5 271.7 240.9 518.8 369.8 110.3 158.6 89 83.9 61.5 39.2 32.4 21.4 23.3
Total Current Assets 24,787 23,814 21,935 21,675 23,059 22,548 22,031 21,967 22,980 24,873 23,600 30,844 21,210 17,746 9,838 9,117 9,839 7,460 7,322 7,918 10,376.6 7,421.5 5,312.7 4,605.5 3,488 3,756.8 3,013.4 2,395.2 1,551.6 1,237.9 1,343.2 1,103.9 845.9 774.7 695.9 612.1 478.8 421.2 420.8 365.9 354.8
Non-Current Assets
Property, Plant & Equipment 7,417 6,837 6,131 5,569 5,413 5,221 4,828 4,675 4,604 4,361 4,841 4,699 2,392 2,490 2,473 2,488 2,421 2,279 2,221 2,062 1,881 1,859 1,708.3 1,583 1,451.8 1,176.5 948 772.3 627 487.2 415.3 331.1 301.8 282.8 256.8 217.2 178.1 151.4 128.3 115.1 108.6
Goodwill 42,587 41,737 40,986 41,425 40,502 41,961 39,841 39,959 39,543 38,515 41,265 40,530 10,593 10,329 9,934 9,537 8,391 8,195 7,519 4,327 4,345.6 0 0 0 4,034.6 995.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 10,146 11,667 13,225 14,844 15,594 17,740 19,063 20,560 21,723 23,407 26,899 28,101 2,286 2,673 2,647 2,725 2,559 2,477 2,193 1,433 1,592 5,299 5,236.2 5,216.8 1,060.3 239.4 1,361.4 1,374.2 563.8 491 471.7 363.3 367.2 139.6 135.2 140.7 142.9 149.1 55.4 45.3 48.3
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7,705 6,116 4,632 2,769 2,322 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 8,091 7,624 7,704 7,436 6,411 5,612 4,926 2,533 2,543 8,701 2,804 2,511 1,462 1,556 (6,781) 362 248 351 518 3,568 1,469 2,037 1,853.6 915.5 869.8 870.3 348.4 417.1 318.1 193.1 273.1 148.4 108.4 89.4 75.6 54.1 56.7 37.9 36.3 33.4 15.7
Total Non-Current Assets 68,241 67,865 68,046 69,274 67,920 70,534 68,658 67,727 68,413 74,984 76,044 75,841 16,733 17,048 16,482 21,525 18,251 16,136 14,876 11,594 9,288 9,195 8,798.1 7,715.3 7,416.5 3,282.1 2,657.8 2,563.6 1,508.9 1,171.3 1,160.1 842.8 777.4 511.8 467.6 412 377.7 338.4 220 193.8 172.6
Total Assets 93,028 91,680 89,981 90,948 90,981 93,083 90,689 89,694 91,393 99,816 99,547 106,685 37,943 34,794 33,083 30,424 28,090 23,661 22,198 19,512 19,664.8 16,617.4 14,110.8 12,320.8 10,904.5 7,038.9 5,669.4 4,870.3 2,774.7 2,409.2 2,503.3 1,946.7 1,623.3 1,286.5 1,163.5 1,024.1 856.5 759.6 640.8 559.7 527.4
Current Liabilities
Account Payables 2,644 2,449 2,410 2,662 2,276 2,106 1,996 1,953 1,628 1,555 1,709 1,610 742 681 565 495 420 382 383 282 319 372 346.2 269.4 268.2 205.9 201.1 158.8 122 110.3 97.4 123 101.2 82.2 66.1 55.4 43.2 0 0 0 0
Short-Term Debt 1,788 2,868 1,086 13 3,736 2 2,771 832 2,058 7,520 993 2,434 1,599 910 3,274 1,721 2,575 522 1,154 509 2,436.8 478.6 2,358.2 385.3 2,516.1 145.4 317.2 239.2 130.8 106.4 60.5 33.5 58.2 91.9 80.6 90.9 86.3 72.1 50.8 31.9 36.1
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 13 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 9,870 2,515 2,375 1,948 2,121 2,482 2,099 2,189 1,988 1,938 1,712 1,730 1,034 1,013 926 969 1,001 0 0 0 (1) 0 0 0 0 0 476.1 608.2 511.3 302 367.1 299.6 280 174 161.9 145.8 130.9 159.5 137.9 93.7 96.9
Total Current Liabilities 11,658 12,879 10,789 9,051 12,394 8,509 10,366 8,472 10,084 14,264 7,165 9,173 5,572 3,950 5,857 4,714 5,121 3,147 3,535 2,563 4,405.8 3,380 4,240.6 1,898 3,984.9 1,359.3 991.5 990.3 572 518.7 525 456.1 439.4 348.1 308.6 292.1 260.4 231.6 188.7 125.6 133
Non-Current Liabilities
Long-Term Debt 26,173 25,590 23,877 24,287 20,316 26,316 21,976 24,467 23,684 25,858 29,994 33,544 10,120 9,539 7,027 7,902 6,944 6,253 5,802 5,578 5,486 1,973 1.1 1,980.3 9.5 13.3 14.9 23.4 61.2 14 15.3 14.2 20.2 10.9 8.6 7.9 8 7.8 9.1 5.5 10.5
Deferred Tax Liabilities 362 403 515 708 884 1,028 1,174 1,278 1,423 2,978 3,729 4,700 386 340 1,616 461 684 475 0 0 22.1 478.1 408.2 304.3 233.8 0 15.2 30.8 13.4 2.2 45.7 35.9 15.9 5 17.7 14.5 17.2 13.7 20.1 17.1 16
Other Non-Current Liabilities 4,763 4,500 4,325 5,180 4,609 5,566 6,256 5,255 5,359 6,404 6,667 5,909 2,296 2,248 2,310 1,586 712 416 806 394 368 336 383.9 316.5 245.2 156.8 157.1 177.2 156.9 128.1 128 105.5 94.3 81 32.1 26.4 29.9 32.9 27 24.5 19.2
Total Non-Current Liabilities 31,298 30,545 28,772 30,232 25,865 32,972 29,451 31,010 30,487 35,180 40,554 44,282 12,928 12,279 10,113 9,981 8,340 7,259 7,127 5,972 5,876.5 2,787.9 793.2 2,601.1 488.5 170.1 186.4 225.4 158.5 144.3 189 155.6 130.4 96.9 58.4 48.8 55.1 54.4 56.2 47.1 45.7
Total Liabilities 42,956 43,424 39,561 39,283 38,259 41,481 39,817 39,482 40,571 49,400 47,719 53,455 18,500 16,123 15,970 14,456 13,461 10,810 10,662 8,535 10,282.3 6,167.9 5,033.8 4,414.4 4,473.4 1,529.4 1,177.9 1,215.7 730.5 663 714 611.7 569.8 445 367 340.9 315.5 286 244.9 172.7 178.7
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 0 0 0 0 100 102 104 107 110 112 112 114 115.5 121 120.9 121.8 121.5 121 119.8 119.1 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 32,638 31,476 30,403 30,392 30,250 28,594 28,132 26,270 24,379 23,356 21,704 54,414 19,940 19,061 17,482 16,085 14,826 12,941 11,710 10,925 9,112.2 10,178.5 8,890.9 7,808.4 6,493 5,576.3 4,543.1 3,773 2,092.3 1,807.7 1,797.2 1,329.6 1,089.7 870.3 824.2 716.1 572.6 471.5 389.4 381.9 348
Accumulated Other Comprehensive Income (4,101) (4,284) (3,318) (3,499) (2,265) (3,485) (3,560) (2,711) (1,786) (2,613) (1,868) (1,184) (597) (492) (473) (224) (307) (202) (286) (63) 154.8 150 65.2 (23.8) (183.4) (187.8) (171.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 49,463 48,024 50,214 51,483 52,551 51,428 50,737 50,091 50,720 50,294 51,828 53,230 19,443 18,671 17,113 15,968 14,629 12,851 11,536 10,977 9,382.5 10,449.5 9,077 7,906.4 6,431.1 5,509.5 4,491.5 3,770.8 2,044.2 1,746.2 1,789.3 1,335 1,053.5 841.5 796.5 683.2 541 473.6 395.9 387 348.7
Total Liabilities & Equity 93,028 91,680 89,981 90,948 90,981 93,083 90,689 89,694 91,393 99,816 99,547 106,685 37,943 34,794 33,083 30,424 28,090 23,661 22,198 19,512 19,664.8 16,617.4 14,110.8 12,320.8 10,904.5 7,038.9 5,669.4 4,870.3 2,774.7 2,409.2 2,503.3 1,946.7 1,623.3 1,286.5 1,163.5 1,024.1 856.5 759.6 640.8 559.7 527.4
Debt Metrics
Total Debt 27,961 28,516 25,024 24,364 24,114 26,389 24,797 25,315 25,763 33,401 31,013 36,107 11,872 10,615 10,466 9,657 9,519 6,775 6,956 6,087 7,923 2,452 2,359.3 2,365.6 2,525.6 158.7 332.1 262.6 192 120.4 75.8 47.7 78.4 102.8 89.2 98.8 94.3 79.9 59.9 37.4 46.6
Net Debt 26,012 26,298 23,740 22,821 20,400 22,796 20,657 20,922 22,094 28,434 28,137 31,264 10,469 9,696 9,294 8,275 8,119 5,504 5,896 4,831 4,929 220 765.6 895.5 2,114.9 (871.6) (135.7) 34.1 (327.5) (77) (34.5) (50.6) (30.3) 25.8 (11.6) 10 58.1 28.6 (18.6) (76.3) (88.8)
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990
Operating Activities
Net Income 4,837 4,691 3,676 3,784 5,062 3,630 4,806 4,650 3,095 4,024 3,538 2,675 3,065 3,467 3,617 3,096 3,099 2,169 2,231 2,802 2,546.7 1,803.9 1,959.3 1,599.8 984 1,046 1,098.5 468.4 594.6 530 437.8 294 232.4 211.6 161.5 133.4 108.7
Depreciation & Amortization 2,958 2,861 2,647 2,697 2,707 2,702 2,663 2,659 2,644 2,917 2,820 1,306 850 819 862 804 772 699 637 583 543.6 463.3 442.6 408.1 329.8 297.3 243.3 213.1 166.5 116.9 111.8 106.5 78.6 69.6 59.4 46.5 39.4
Stock-Based Compensation 457 429 393 355 359 344 297 290 344 348 376 439 145 152 161 198 226 237 217 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (1,423) (1,054) (484) (967) (889) (701) 61 (1,080) (173) 139 (1,090) 1,564 218 234 (100) (1,012) (324) 269 (6) (448) (1,489.6) (20.5) 241.7 (236.8) (310.7) 323.3 (379.4) (367.6) (115.3) (185.3) (15.9) (13.9) 51 27.6 (63.5) (40.3) (41.5)
Other Non-Cash Items 450 433 1,063 396 711 687 722 792 (307) (89) 34 (156) 888 151 (84) 502 214 620 459 278 502 715.2 91.7 104.5 536.2 317.1 8.5 177.3 125.5 0 (0.1) (0.1) (1.9) (6.2) 5.8 1.5 2.7
Operating Cash Flow 7,330 7,044 6,787 6,039 7,346 6,240 7,234 7,007 4,684 6,880 5,218 4,902 4,959 4,883 4,381 3,741 4,131 3,878 3,489 2,979 2,207.4 2,819.4 2,845.8 2,078.2 1,590.2 1,831.5 1,042 455.3 590.1 463.6 500.5 387.2 356.9 291.5 151.4 126.6 106.8
Investing Activities
Capital Expenditure (1,904) (1,859) (1,587) (1,459) (1,368) (1,355) (1,213) (1,134) (1,068) (1,254) (1,046) (571) (396) (457) (528) (548) (635) (663) (606) (694) (1,244.2) (452) (424.6) (380.4) (386.4) (439.7) (342.1) (1,243.8) (148.2) (190.2) (163.8) (96.9) (60.8) (77.1) (77.2) (65.8) (55.3)
Acquisitions (406) (98) (211) (1,867) (91) (994) (488) (1,827) 5,921 (1,324) (1,213) (14,884) (385) (820) (617) (1,332) (350) (1,624) (4,221) (8) (285.2) (107.9) (30.9) (1.9) (4,057.6) 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (8,725) (8,226) (7,748) (7,514) (9,882) (11,808) (11,039) (2,532) (3,200) (4,371) (5,406) (7,582) (10,895) (9,965) (8,080) (6,249) (7,440) (2,960) (6,433) (11,837) (8,064.5) (1,805.3) (2,684) (416.5) (721) (1,390) (258.4) (684.2) (86.4) (499.6) (655.5) (289.2) (109.3) (72.6) (11.5) (1.4) (3.5)
Sales/Maturities of Investments 8,105 8,495 7,441 7,343 9,692 11,345 9,574 4,683 4,227 5,356 9,924 5,890 8,111 8,203 6,104 6,443 3,753 2,845 8,557 10,894 6,626.8 807.5 1,473.2 545.5 941 923 268.9 651.5 103.1 866.9 465.2 158.5 93 12.1 14.6 0 0
Other Investing Activities (4) (249) (261) 4 (10) (54) (37) 36 (22) 22 (14) 89 (29) (14) 470 (129) (87) (338) (87) (56) 100.5 (45.2) 15.5 3.7 (157.7) (118.8) (45) (30.7) (42.3) (99.1) (75.8) (12.4) (181) (25.2) (4.1) (6.2) (54.3)
Investing Cash Flow (2,934) (1,937) (2,366) (3,493) (1,659) (2,866) (3,203) (774) 5,858 (1,571) 2,245 (17,058) (3,594) (3,053) (2,651) (1,815) (4,759) (2,740) (2,790) (1,701) (2,866.6) (1,602.9) (1,650.8) (249.6) (4,381.7) (1,025.5) (376.6) (1,307.2) (173.8) 78 (429.9) (240) (258.1) (162.8) (78.2) (73.4) (113.1)
Financing Activities
Net Debt Issuance (1,174) 2,139 1,073 (598) (1) (570) (559) (867) (7,598) 2,183 (5,125) 18,673 1,431 (26) 601 18 2,536 317 831 (1,835) 5,409.9 88 (19.5) (177) 2,349.4 (153.7) 50 71.1 (39.2) 70.8 10.9 (36.2) (36.5) 6.2 (10.7) 3 10.6
Stock Repurchased (1,035) (3,235) (2,138) (645) (2,544) (652) (1,326) (2,877) (2,171) (3,544) (2,830) (1,920) (2,553) (1,247) (1,440) (1,140) (1,030) (759) (1,544) (1,039) (4,663.6) (511) (880.5) (418.5) (25.6) 0 (497.4) (377.2) (168.2) (476.6) (33.6) (59.1) (53.4) (142.9) (38.3) (4.6) (37.5)
Dividends Paid (3,639) (3,589) (3,666) (3,616) (3,383) (3,120) (2,894) (2,693) (2,494) (2,376) (2,139) (1,337) (1,116) (1,055) (1,021) (969) (907) (843) (565) (504) (464.8) (404.9) (351.5) (304.2) (278.8) (240.7) (189.5) (131.9) (102.9) (90.7) (60.4) (47.2) (39) (33.3) (29.3) (23.8) (18.9)
Other Financing Activities 582 (184) (3) (101) 163 206 581 14 (94) 26 60 (116) 1,320 (40) (118) 0 0 24 40 36 (557.8) 0.1 0 0 0 0 0 0 4.1 0 41.6 (39.1) 45.7 0 0.1 0 (0.1)
Financing Cash Flow (4,751) (4,361) (4,450) (4,960) (5,336) (4,136) (4,198) (5,431) (11,954) (3,283) (9,543) 15,949 (918) (2,101) (1,882) (2,006) 764 (845) (835) (3,011) 1,316.4 (488.8) (1,010.1) (743.8) 2,165.5 (245.7) (426) 604.8 (125.7) (363.1) (16.7) (159.7) (66.9) (152.6) (61.1) (11) 4.4
Cash Position
Net Change in Cash (269) 934 (259) (2,171) 121 (547) (253) 724 (1,298) 2,091 (1,967) 3,440 484 (264) (134) (18) 129 211 (196) (1,738) 762.1 638.5 123.6 1,059.4 (619.6) 562.5 219.9 (297.4) 185.4 46.3 12 (10.4) 31.8 (23.8) 12.1 42 (1.8)
Cash at Beginning 2,218 1,284 1,543 3,714 3,593 4,140 4,393 3,669 4,967 2,876 4,843 1,403 919 1,248 1,382 1,400 1,271 1,060 1,256 2,994 2,232.2 1,593.7 1,470.1 410.7 1,030.3 467.8 228.5 519.5 197.4 151.1 98.3 108.7 77 100.8 88.8 46.8 38
Cash at End 1,949 2,218 1,284 1,543 3,714 3,593 4,140 4,393 3,669 4,967 2,876 4,843 1,403 984 1,248 1,382 1,400 1,271 1,060 1,256 2,994.3 2,232.2 1,593.7 1,470.1 410.7 1,030.3 448.4 222.1 382.8 197.4 110.3 98.3 108.8 77 100.9 88.8 36.2
Free Cash Flow 5,426 5,185 5,200 4,580 5,978 4,885 6,021 5,873 3,616 5,626 4,172 4,331 4,563 4,426 3,853 3,193 3,496 3,215 2,883 2,285 963.2 2,367.4 2,421.2 1,697.8 1,203.8 1,391.8 699.9 (788.5) 441.9 273.4 336.7 290.3 296.1 214.4 74.2 60.8 51.5
Key Metrics 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 36,364 33,537 32,364 31,227 31,686 30,117 28,913 30,557 29,953 29,710 28,833 20,261 17,005 16,590 16,184 15,933 15,817 14,599 13,515 12,299 11,292 10,054.6 9,087.2 7,665.2 6,410.8 5,551.8 5,014.6 4,134.1 2,604.8 2,438.2 2,169.1 1,742.4 1,390.9 1,328.2 1,176.9 1,021.4 836.6 741.7 653.3 502 402.8
Gross Profit 23,643 21,905 21,148 20,508 21,541 19,634 19,489 21,402 20,886 20,416 19,691 13,952 12,672 12,464 12,295 11,808 11,810 11,081 10,069 9,131 8,477 7,609 6,834.3 5,774.9 4,758.1 4,438.5 3,994.4 3,346.3 2,682.8 2,315.3 1,692.7 1,308.8 1,037.8 977.7 854.5 736.2 604.2 547.3 472.3 359.2 285.3
Operating Income 6,467 5,955 5,144 5,485 5,752 4,484 4,791 6,268 6,640 5,383 5,361 3,766 3,813 4,402 4,483 4,460 4,787 3,464 3,651 3,739 3,705 3,444 3,181.4 2,653.6 2,149 1,878.4 1,683.5 1,360.4 1,091.7 913.8 636 436.3 332.6 295.1 246 206.4 165 129.7 130.1 105.7 76.3
Net Income 4,800 4,662 3,676 3,758 5,039 3,606 4,789 4,631 3,104 4,028 3,538 2,675 3,065 3,467 3,617 3,096 3,099 2,169 2,231 2,802 2,546.7 1,803.9 1,959.3 1,599.8 984 1,046 1,098.5 468.4 594.6 583.2 428.3 294 232.4 197.2 161.5 133.4 108.7 97.4 86.5 73.8 53.4
EPS (Diluted) 3.73 3.61 2.76 2.82 3.73 2.66 3.54 3.41 2.27 2.89 2.48 2.41 3.02 3.37 3.41 2.86 2.79 1.84 1.95 2.41 2.09 1.48 1.60 1.30 0.80 0.85 0.89 0.39 0.51 0.50 0.45 0.32 0.25 0.21 0.17 0.14 0.12 0.11 0.10 0.09 0.06
Balance Sheet
Cash & Equivalents 1,949 2,218 1,284 1,543 3,714 3,593 4,140 4,393 3,669 4,967 2,876 4,843 1,403 984 1,248 1,382 1,400 1,271 1,060 1,256 2,994.3 2,232.2 1,593.7 1,470.1 410.7 1,030.3 448.4 222.1 382.7 197.4 110.3 98.3 108.7 77 100.8 88.8 36.2 51.3 78.5 113.7 135.4
Total Assets 93,028 91,680 89,981 90,948 90,981 93,083 90,689 89,694 91,393 99,816 99,547 106,685 37,943 34,794 33,083 30,424 28,090 23,661 22,198 19,512 19,664.8 16,617.4 14,110.8 12,320.8 10,904.5 7,038.9 5,669.4 4,870.3 2,774.7 2,409.2 2,503.3 1,946.7 1,623.3 1,286.5 1,163.5 1,024.1 856.5 759.6 640.8 559.7 527.4
Total Debt 27,961 28,516 25,024 24,364 24,114 26,389 24,797 25,315 25,763 33,401 31,013 36,107 11,872 10,615 10,466 9,657 9,519 6,775 6,956 6,087 7,923 2,452 2,359.3 2,365.6 2,525.6 158.7 332.1 262.6 192 120.4 75.8 47.7 78.4 102.8 89.2 98.8 94.3 79.9 59.9 37.4 46.6
Stockholders' Equity 49,463 48,024 50,214 51,483 52,551 51,428 50,737 50,091 50,720 50,294 51,828 53,230 19,443 18,671 17,113 15,968 14,629 12,851 11,536 10,977 9,382.5 10,449.5 9,077 7,906.4 6,431.1 5,509.5 4,491.5 3,770.8 2,044.2 1,746.2 1,789.3 1,335 1,053.5 841.5 796.5 683.2 541 473.6 395.9 387 348.7
Cash Flow
Operating Cash Flow 7,330 7,044 6,787 6,039 7,346 6,240 7,234 7,007 4,684 6,880 5,218 4,902 4,959 4,883 4,381 3,741 4,131 3,878 3,489 2,979 2,207.4 2,819.4 2,845.8 2,078.2 1,590.2 1,831.5 1,042 455.3 590.1 463.6 500.5 387.2 356.9 291.5 151.4 126.6 106.8
Capital Expenditure (1,904) (1,859) (1,587) (1,459) (1,368) (1,355) (1,213) (1,134) (1,068) (1,254) (1,046) (571) (396) (457) (528) (548) (635) (663) (606) (694) (1,244.2) (452) (424.6) (380.4) (386.4) (439.7) (342.1) (1,243.8) (148.2) (190.2) (163.8) (96.9) (60.8) (77.1) (77.2) (65.8) (55.3)
Free Cash Flow 5,426 5,185 5,200 4,580 5,978 4,885 6,021 5,873 3,616 5,626 4,172 4,331 4,563 4,426 3,853 3,193 3,496 3,215 2,883 2,285 963.2 2,367.4 2,421.2 1,697.8 1,203.8 1,391.8 699.9 (788.5) 441.9 273.4 336.7 290.3 296.1 214.4 74.2 60.8 51.5