GE HealthCare vs Medtronic
Medtronic is the larger business, with $36.36bn of revenue in fiscal 2026 against $20.63bn for GE HealthCare (1.8 times as much). Medtronic grew faster (8.4% against 4.8%). Medtronic kept more of each dollar of sales as profit: a net margin of 13.2% against 10.1%.
| Latest fiscal year | GE HealthCareGEHC, 2025 | MedtronicMDT, 2026 |
|---|---|---|
| Revenue | $20.63bn | $36.36bn |
| Revenue growth | 4.8% | 8.4% |
| Net income | $2.08bn | $4.80bn |
| Operating margin | 13.4% | — |
| Net margin | 10.1% | 13.2% |
| Return on equity | 22.1% | 9.8% |
| Free cash flow | $1.50bn | $5.43bn |
| Cash | $4.49bn | $1.95bn |
| Total debt | $10.51bn | $28.13bn |
| Debt to equity | 101.3% | — |
| Dividend per share | $0.14 | $2.84 |
| Dividend yield | 0.2% | 2.9% |
| Share buybacks | $200m | $1.03bn |
| Employees | 54,000 | 95,000 |
| Market value | $36.36bn | $126.55bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | — | 86 (Strong) |
| Insider trades, 12 months | 8 buys, 0 sales | 0 buys, 18 sales |