Agilent Technologies, Inc. (A)
Agilent Technologies makes analytical instruments and lab services for chemical, pharmaceutical, and life-sciences customers.
A vs MDT: how the two businesses compare
- Bigger business: MDT, with $36.4B of yearly revenue, about 5.2× A's $6.9B.
- More cash from each sale: A turns 22 cents of each sales dollar into operating cash flow, against 20 cents at MDT.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
Medtronic (MDT) is the larger business by reported revenue: $36.4B in its fiscal year ended Apr 2026, about 5.2× A's $6.9B (fiscal year ended Oct 2025). The SEC places them in related industries (Laboratory Analytical Instruments; Electromedical & Electrotherapeutic Apparatus), and both map to the International markets research theme.
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Health Care
- Different
- Separate classifications
- Different
- A October 31 · MDT April 24
- Jun 18, 2026
A vs MDT: quick comparison
| Company fact | A | MDT |
|---|---|---|
| Company | Agilent Technologies, Inc. | Medtronic plc |
| Exchange | NYSE | NYSE |
| SEC industry | Laboratory Analytical Instruments | Electromedical & Electrotherapeutic Apparatus |
| Fiscal year-end | October 31 | April 24 |
| Latest annual filing | 10-K · 2025-12-22 | 10-K · 2026-06-18 |
A vs MDT: audited financials
- Scale: MDT's $36.4B of revenue is about 5.2× A's $6.9B.
- Cash conversion: operating cash flow equalled A 22.4% of revenue, or 1.20× net income; MDT 20.2% of revenue. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: the fiscal years end about 6 months apart (2025-10-31 for A, 2026-04-24 for MDT), so each figure reflects somewhat different demand and cost conditions.
| Metric | A | MDT |
|---|---|---|
| Revenue | $6.9B2024-11-01 to 2025-10-31 · SEC filing | $36.4B2025-04-26 to 2026-04-24 · SEC filing |
| Net income | $1.3B2024-11-01 to 2025-10-31 · SEC filing | — |
| Operating cash flow | $1.6B2024-11-01 to 2025-10-31 · SEC filing | $7.3B2025-04-26 to 2026-04-24 · SEC filing |
| Diluted EPS | $4.572024-11-01 to 2025-10-31 · SEC filing | $3.732025-04-26 to 2026-04-24 · SEC filing |
| Net margin | 18.8%2024-11-01 to 2025-10-31 · SEC filing | — |
A: FY ending 2025-10-31 · MDT: FY ending 2026-04-24. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where A and MDT overlap, and where they don't
Overlap
- Related SEC industries: both sit in SIC major group 38.
- Shared research theme: International markets.
Differences
- Different four-digit SIC codes: A is 3826 (Laboratory Analytical Instruments); MDT is 3845 (Electromedical & Electrotherapeutic Apparatus).
- Offset fiscal calendars: A's year ends October 31 and MDT's April 24, about 6 months apart.
- Scale: MDT reported about 5.2× the annual revenue of A.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
Medtronic plc (MDT)
Medtronic makes medical devices for cardiac, diabetes, neurological, and surgical care.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves A
We have not yet published a company-specific driver list for A. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2025-12-22.
What moves MDT
We have not yet published a company-specific driver list for MDT. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-06-18.
The investment question
You now know MDT reports about 5.2× A's revenue. Those are the facts. The investment question is what each share price already assumes about their exposure to international markets, and which evidence in the next filings would prove that assumption wrong.
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. A's fiscal year ends October 31, while MDT's ends April 24. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 12 matched transaction rows for A and 20 matched transaction rows for MDT. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
A primary filings
MDT primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
More comparisons involving A or MDT
A vs MDT FAQs
Are A and MDT direct competitors?
Not necessarily. Agilent Technologies files as Laboratory Analytical Instruments and Medtronic as Electromedical & Electrotherapeutic Apparatus. The pair is compared because both map to the International markets research theme, not because the filings show head-to-head competition.
Is A or MDT the bigger company by revenue?
Medtronic (MDT) is the larger business by reported revenue: $36.4B in its fiscal year ended Apr 2026, about 5.2× A's $6.9B (fiscal year ended Oct 2025). The SEC places them in related industries (Laboratory Analytical Instruments; Electromedical & Electrotherapeutic Apparatus), and both map to the International markets research theme. Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, A or MDT?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this A vs MDT comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Agilent Technologies, Inc. and Medtronic plc tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
A vs MDT compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
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