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Integer vs Medtronic: revenue, profit, margins and growth compared

Integer brought in $1.9B of revenue in fiscal 2025, Medtronic $36.4B in fiscal 2026. Revenue changed by +8.0% at Integer and +8.4% at Medtronic on the year before, so Medtronic grew faster. Integer kept 5.5% of its revenue as net profit, Medtronic 13.2%. Free cash flow was $105.1M at Integer and $5.4B at Medtronic.

Side by side, latest fiscal year

ITGRMDT
Fiscal year endedFY2025 (December 31, 2025)FY2026 (April 24, 2026)
Revenue$1.9B$36.4B
Revenue growth+8.0%+8.4%
Net income$102.8M$4.8B
Net margin5.5%13.2%
Free cash flow$105.1M$5.4B
Free cash flow margin5.7%14.9%
Earnings per share (diluted)$2.89$3.73
Cash$17.2M$1.9B
Debt$1.2B$26.2B
Price to earnings43.723.8
Market value$4.3B$113.5B
Dividend yieldn/a3.20%
Rank by revenue in sector#114 of 523 · Health care#21 of 523 · Health care

Over the years

Revenue
ITGR FY2018: $1.2BITGR FY2019: $1.3BITGR FY2020: $1.1BITGR FY2021: $1.2BITGR FY2022: $1.3BITGR FY2023: $1.6BITGR FY2024: $1.7BITGR FY2025: $1.9BMDT FY2019: $30.6BMDT FY2020: $28.9BMDT FY2021: $30.1BMDT FY2022: $31.7BMDT FY2023: $31.2BMDT FY2024: $32.4BMDT FY2025: $33.5BMDT FY2026: $36.4BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ITGR $1.9BMDT $36.4B
Net income
ITGR FY2018: $168MITGR FY2019: $96.3MITGR FY2020: $77.3MITGR FY2021: $96.8MITGR FY2022: $66.4MITGR FY2023: $90.7MITGR FY2024: $119.9MITGR FY2025: $102.8MMDT FY2019: $4.6BMDT FY2020: $4.8BMDT FY2021: $3.6BMDT FY2022: $5BMDT FY2023: $3.8BMDT FY2024: $3.7BMDT FY2025: $4.7BMDT FY2026: $4.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ITGR $102.8MMDT $4.8B
Net margin
ITGR FY2018: 13.8%ITGR FY2019: 7.7%ITGR FY2020: 7.2%ITGR FY2021: 7.9%ITGR FY2022: 5.0%ITGR FY2023: 5.8%ITGR FY2024: 7.0%ITGR FY2025: 5.5%MDT FY2019: 15.2%MDT FY2020: 16.6%MDT FY2021: 12.0%MDT FY2022: 15.9%MDT FY2023: 12.0%MDT FY2024: 11.4%MDT FY2025: 13.9%MDT FY2026: 13.2%FY18FY19FY20FY21FY22FY23FY24FY25FY26
ITGR 5.5%MDT 13.2%
Revenue growth
ITGR FY2019: +3.5%ITGR FY2020: -14.7%ITGR FY2021: +13.8%ITGR FY2022: +9.0%ITGR FY2023: +16.9%ITGR FY2024: +10.3%ITGR FY2025: +8.0%MDT FY2020: -5.4%MDT FY2021: +4.2%MDT FY2022: +5.2%MDT FY2023: -1.4%MDT FY2024: +3.6%MDT FY2025: +3.6%MDT FY2026: +8.4%FY19FY20FY21FY22FY23FY24FY25FY26
ITGR +8.0%MDT +8.4%
Free cash flow
ITGR FY2018: $122.4MITGR FY2019: $117.2MITGR FY2020: $134.5MITGR FY2021: $103.2MITGR FY2022: $41.7MITGR FY2023: $60.3MITGR FY2024: $99.8MITGR FY2025: $105.1MMDT FY2019: $5.9BMDT FY2020: $6BMDT FY2021: $4.9BMDT FY2022: $6BMDT FY2023: $4.6BMDT FY2024: $5.2BMDT FY2025: $5.2BMDT FY2026: $5.4BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ITGR $105.1MMDT $5.4B

Fiscal years as each company reports them; the two may end in different months.

Questions about Integer and Medtronic

Which is bigger by revenue, Integer or Medtronic?

Medtronic is bigger by revenue: $36.4B in fiscal 2026, against $1.9B for Integer in fiscal 2025.

Which keeps more of its revenue as profit, Integer or Medtronic?

Integer had a net margin of 5.5% in fiscal 2025; Medtronic had 13.2% in fiscal 2026.

Which grew revenue faster, Integer or Medtronic?

In their latest fiscal years revenue changed by +8.0% at Integer 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.

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