Medtronic plc (MDT)
Medtronic makes medical devices for cardiac, diabetes, neurological, and surgical care.
Health Care stock comparison
MDT vs VTRS: which business are you actually underwriting?
Compare Medtronic plc with Viatris Inc. using their business models, SEC classifications, fiscal calendars, current primary filings, and the research questions that matter. This is a thesis framework—not a price target or automatic winner.
- Sector
- Health
- Industry
- Different SIC
- Shared themes
- 1
- Updated
- 2026-06-18
MDT vs VTRS: quick comparison
| Company fact | MDT | VTRS |
|---|---|---|
| Company | Medtronic plc | Viatris Inc. |
| Exchange | NYSE | NASDAQ |
| SEC industry | Electromedical & Electrotherapeutic Apparatus | Pharmaceutical Preparations |
| Fiscal year-end | April 24 | December 31 |
| Latest annual filing | 10-K · 2026-06-18 | 10-K · 2026-02-26 |
MDT vs VTRS: audited financials
MDT reported about 2.5× the revenue of VTRS in the latest audited fiscal year. Scale and margin are starting facts for the thesis, not the verdict.
| Metric | MDT | VTRS |
|---|---|---|
| Revenue | $36.4B | $14.3B |
| Net income | $4,801 | — |
| Operating cash flow | $7.3B | $2.3B |
| Diluted EPS | $3.73 | −$3.00 |
| Net margin | 0.0% | — |
MDT: FY ending 2026-04-24 · VTRS: FY ending 2025-12-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
How the businesses differ
Why this pair belongs in the comparison set
MDT and VTRS have different SEC industry classifications, but both map to the maintained International markets research theme inside the Health Care sector. A shared classification or theme makes the pair useful for a defined research question; it does not mean the companies have identical products, economics, or risks.
Viatris Inc. (VTRS)
Viatris makes generic and branded medicines distributed across global markets.
The useful starting point is not which ticker has performed better. It is whether the two companies convert the same economic forces into revenue and cash flow in the same way. MDT is classified by the SEC as Electromedical & Electrotherapeutic Apparatus, while VTRS is classified as Pharmaceutical Preparations. The different industry codes are a warning against treating sector membership as proof of identical economics.
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The thesis, the numbers behind it, and what would break it. Full access is $15 a month.
Read the full researchWhich thesis does each company fit?
Use the distinction below to decide which filing deserves deeper work. It is a research routing rule, not a recommendation or prediction.
Study MDT when…
- Drug approvals and clinical-trial readouts
- Medicare and drug-pricing policy
- Demographics and an aging population
- GLP-1 and obesity-drug demand
Study VTRS when…
- Drug approvals and clinical-trial readouts
- Medicare and drug-pricing policy
- Demographics and an aging population
- GLP-1 and obesity-drug demand
Shared research themes
International markets
SEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable.MDT's fiscal year ends April 24, while VTRS's ends December 31. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 20matched transaction rows for MDTand 4 for VTRS. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
MDT primary filings
VTRS 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 MDT or VTRS
MDT vs VTRS FAQs
Are MDT and VTRS direct competitors?
Medtronic plc and Viatris Inc. sit in the same Health Care sector but have different SEC industry classifications. The comparison is most useful for portfolio role and sector exposure, not as a claim that every product competes directly.
Which is better, MDT or VTRS?
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 MDT vs VTRS 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 Medtronic plc and Viatris Inc. 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 2026-09-25. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-09-25. Independent educational research; not investment advice.
A comparison is the setup. The thesis is the call.
MDT vs VTRS shows how the businesses differ. Membership is the monthly sourced view of who could benefit, what could break, and what evidence matters next. $15/month or $150/year.
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