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Medtronic vs LivaNova: MDT and LIVN compared
Medtronic is the larger company: $9.8B of revenue in its latest quarter (Q1 FY27) against $393M for LivaNova (Q3 2026). Medtronic is growing faster (+14% against +10% a year earlier). Medtronic is more profitable, with an operating margin of 18.1% against 7.2%.
Where the money goes: MDT and LIVN
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.
LivaNova (LIVN) · Q3 2026
LivaNova, Q3 2026: revenue $393M (+10% year over year), operating margin 7.2%, net earnings $34.3M, operating cash flow $73.7M. The chart follows the revenue to costs, profit and cash.
| Medtronic (MDT) | LivaNova (LIVN) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $9.8B | $393M |
| Revenue growth, Y/Y | +14% | +10% |
| Gross margin | — | 67.4% |
| Operating margin | 18.1% | 7.2% |
| Net earnings | $1.5B | $34.3M |
| Net margin | 15.1% | 8.7% |
| Operating cash flow | $1.8B | $73.7M |
| Free cash flow | $1.3B | $55.8M |
| Market value | $134.7B | $5.2B |
| P/E | 25.6× | 29.9× |
| Analysts’ mean target | $104.61 | $91.91 |
Questions
Which is bigger, Medtronic or LivaNova?
Medtronic is the larger company: $9.8B of revenue in its latest quarter (Q1 FY27) against $393M for LivaNova (Q3 2026).
Is Medtronic or LivaNova growing faster?
Medtronic is growing faster (+14% against +10% a year earlier).
Which is more profitable, Medtronic or LivaNova?
Medtronic is more profitable, with an operating margin of 18.1% against 7.2%.
More: Medtronic earnings · how Medtronic makes money · LivaNova earnings · how LivaNova makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 3, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.