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Medtronic vs Integer Holdings: MDT and ITGR compared
Medtronic is the larger company: $9.8B of revenue in its latest quarter (Q1 FY27) against $450M for Integer Holdings (Q3 2026). Medtronic is growing faster (+14% against -4% a year earlier). Medtronic is more profitable, with an operating margin of 18.1% against 6.3%.
Where the money goes: MDT and ITGR
Medtronic (MDT) · Q1 FY27
Medtronic, Q1 FY27: revenue $9.8B (+14% year over year), operating margin 18.1%, net earnings $1.5B, operating cash flow $1.8B. The chart follows the revenue to costs, profit and cash.
Integer Holdings (ITGR) · Q3 2026
Integer Holdings, Q3 2026: revenue $450M (-4% year over year), operating margin 6.3%, net earnings $15.0M, operating cash flow $36.6M. The chart follows the revenue to costs, profit and cash.
| Medtronic (MDT) | Integer Holdings (ITGR) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $9.8B | $450M |
| Revenue growth, Y/Y | +14% | -4% |
| Gross margin | — | 22.6% |
| Operating margin | 18.1% | 6.3% |
| Net earnings | $1.5B | $15.0M |
| Net margin | 15.1% | 3.3% |
| Operating cash flow | $1.8B | $36.6M |
| Free cash flow | $1.3B | $16.1M |
| Market value | $134.7B | $4.4B |
| P/E | 25.6× | 42.2× |
| Analysts’ mean target | $104.61 | $127.00 |
Where the revenue comes from
Integer Holdings
- Cardio & Vascular: $263M (59%)
- Cardiac Rhythm Management & Neuromodulation: $176M (39%)
- Other Markets: $10.8M (2%)
Questions
Which is bigger, Medtronic or Integer Holdings?
Medtronic is the larger company: $9.8B of revenue in its latest quarter (Q1 FY27) against $450M for Integer Holdings (Q3 2026).
Is Medtronic or Integer Holdings growing faster?
Medtronic is growing faster (+14% against -4% a year earlier).
Which is more profitable, Medtronic or Integer Holdings?
Medtronic is more profitable, with an operating margin of 18.1% against 6.3%.
More: Medtronic earnings · how Medtronic makes money · Integer Holdings earnings · how Integer Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 3, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.