Axogen vs Medtronic: revenue, profit, margins and growth compared
Axogen brought in $225.2M of revenue in fiscal 2025, Medtronic $36.4B in fiscal 2026. Revenue changed by +20.2% at Axogen and +8.4% at Medtronic on the year before, so Axogen grew faster. Axogen kept -7.0% of its revenue as net profit, Medtronic 13.2%. Free cash flow was -$2.9M at Axogen and $5.4B at Medtronic.
Fiscal years as each company reports them; the two may end in different months.
Questions about Axogen and Medtronic
Which is bigger by revenue, Axogen or Medtronic?
Medtronic is bigger by revenue: $36.4B in fiscal 2026, against $225.2M for Axogen in fiscal 2025.
Which keeps more of its revenue as profit, Axogen or Medtronic?
Axogen had a net margin of -7.0% in fiscal 2025; Medtronic had 13.2% in fiscal 2026.
Which grew revenue faster, Axogen or Medtronic?
In their latest fiscal years revenue changed by +20.2% at Axogen and +8.4% at Medtronic.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.