Medical - Devices
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5 / 10Stock Comparison
MDT vs JNJ vs ABT vs BSX vs EW
Revenue, margins, valuation, and 5-year total return — side by side.
Drug Manufacturers - General
Medical - Devices
Medical - Devices
Medical - Devices
MDT vs JNJ vs ABT vs BSX vs EW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Medical - Devices | Drug Manufacturers - General | Medical - Devices | Medical - Devices | Medical - Devices |
| Market Cap | $97.62B | $533.36B | $146.59B | $80.15B | $46.10B |
| Revenue (TTM) | $35.48B | $92.15B | $43.84B | $20.07B | $6.07B |
| Net Income (TTM) | $4.61B | $25.12B | $13.98B | $2.89B | $1.07B |
| Gross Margin | 61.9% | 68.1% | 54.0% | 69.0% | 78.1% |
| Operating Margin | 17.9% | 26.1% | 17.8% | 19.8% | 26.7% |
| Forward P/E | 13.8x | 19.1x | 15.4x | 16.0x | 26.6x |
| Total Debt | $28.52B | $36.63B | $15.28B | $12.42B | $705M |
| Cash & Equiv. | $2.22B | $24.11B | $7.62B | $2.04B | $2.94B |
MDT vs JNJ vs ABT vs BSX vs EW — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Medtronic plc (MDT) | 100 | 77.2 | -22.8% |
| Johnson & Johnson (JNJ) | 100 | 148.8 | +48.8% |
| Abbott Laboratories (ABT) | 100 | 88.8 | -11.2% |
| Boston Scientific C… (BSX) | 100 | 142.0 | +42.0% |
| Edwards Lifescience… (EW) | 100 | 106.7 | +6.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MDT vs JNJ vs ABT vs BSX vs EW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
MDT carries the broadest edge in this set and is the clearest fit for income & stability and defensive.
- Dividend streak 36 yrs, beta 0.42, yield 3.7%
- Beta 0.42, yield 3.7%, current ratio 1.85x
- Lower P/E (13.8x vs 26.6x)
- 3.7% yield, 36-year raise streak, vs ABT's 2.6%, (2 stocks pay no dividend)
JNJ is the #2 pick in this set and the best alternative if stability and momentum is your priority.
- Beta 0.04 vs EW's 0.64
- +45.5% vs BSX's -47.8%
ABT ranks third and is worth considering specifically for sleep-well-at-night and valuation efficiency.
- Lower volatility, beta 0.22, Low D/E 31.9%, current ratio 1.67x
- PEG 0.51 vs MDT's 35.17
- 31.9% margin vs MDT's 13.0%
BSX is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 19.9%, EPS growth 55.2%, 3Y rev CAGR 16.5%
- 143.6% 10Y total return vs JNJ's 131.3%
- 19.9% revenue growth vs MDT's 3.6%
Among these 5 stocks, EW doesn't own a clear edge in any measured category.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 19.9% revenue growth vs MDT's 3.6% | |
| Value | Lower P/E (13.8x vs 26.6x) | |
| Quality / Margins | 31.9% margin vs MDT's 13.0% | |
| Stability / Safety | Beta 0.04 vs EW's 0.64 | |
| Dividends | 3.7% yield, 36-year raise streak, vs ABT's 2.6%, (2 stocks pay no dividend) | |
| Momentum (1Y) | +45.5% vs BSX's -47.8% | |
| Efficiency (ROA) | 175.8% ROA vs BSX's 6.9%, ROIC 6.0% vs 8.8% |
MDT vs JNJ vs ABT vs BSX vs EW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
MDT vs JNJ vs ABT vs BSX vs EW — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
MDT leads in 2 of 6 categories
JNJ leads 2 • EW leads 1 • ABT leads 0 • BSX leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
EW leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
JNJ is the larger business by revenue, generating $92.1B annually — 15.2x EW's $6.1B. ABT is the more profitable business, keeping 31.9% of every revenue dollar as net income compared to MDT's 13.0%. On growth, BSX holds the edge at +15.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $35.5B | $92.1B | $43.8B | $20.1B | $6.1B |
| EBITDAEarnings before interest/tax | $9.4B | $31.4B | $10.9B | $4.7B | $1.8B |
| Net IncomeAfter-tax profit | $4.6B | $25.1B | $14.0B | $2.9B | $1.1B |
| Free Cash FlowCash after capex | $5.4B | $19.1B | $6.9B | $3.6B | $1.3B |
| Gross MarginGross profit ÷ Revenue | +61.9% | +68.1% | +54.0% | +69.0% | +78.1% |
| Operating MarginEBIT ÷ Revenue | +17.9% | +26.1% | +17.8% | +19.8% | +26.7% |
| Net MarginNet income ÷ Revenue | +13.0% | +27.3% | +31.9% | +14.4% | +17.6% |
| FCF MarginFCF ÷ Revenue | +15.2% | +20.7% | +15.8% | +18.1% | +22.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.8% | +6.8% | +6.9% | +15.9% | +13.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -11.9% | +91.0% | 0.0% | +18.5% | -75.4% |
Valuation Metrics
MDT leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 11.0x trailing earnings, ABT trades at a 75% valuation discount to EW's 43.7x P/E. Adjusting for growth (PEG ratio), ABT offers better value at 0.37x vs MDT's 35.17x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $97.6B | $533.4B | $146.6B | $80.1B | $46.1B |
| Enterprise ValueMkt cap + debt − cash | $123.9B | $545.9B | $154.2B | $90.5B | $43.9B |
| Trailing P/EPrice ÷ TTM EPS | 21.09x | 38.22x | 11.03x | 27.80x | 43.69x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.80x | 19.12x | 15.40x | 15.96x | 26.58x |
| PEG RatioP/E ÷ EPS growth rate | 35.17x | 34.02x | 0.37x | — | 6.17x |
| EV / EBITDAEnterprise value multiple | 14.06x | 18.51x | 15.36x | 24.25x | 24.47x |
| Price / SalesMarket cap ÷ Revenue | 2.91x | 6.00x | 3.49x | 3.99x | 7.60x |
| Price / BookPrice ÷ Book value/share | 2.04x | 7.52x | 3.08x | 3.29x | 4.53x |
| Price / FCFMarket cap ÷ FCF | 18.83x | 26.88x | 23.08x | 21.91x | 34.53x |
Profitability & Efficiency
JNJ leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
JNJ delivers a 31.7% return on equity — every $100 of shareholder capital generates $32 in annual profit, vs $9 for MDT. EW carries lower financial leverage with a 0.07x debt-to-equity ratio, signaling a more conservative balance sheet compared to MDT's 0.59x. On the Piotroski fundamental quality scale (0–9), ABT scores 7/9 vs JNJ's 5/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +9.4% | +31.7% | +27.3% | +12.4% | +10.4% |
| ROA (TTM)Return on assets | +175.8% | +13.0% | +16.6% | +6.9% | +8.0% |
| ROICReturn on invested capital | +6.0% | +20.7% | +9.9% | +8.8% | +15.5% |
| ROCEReturn on capital employed | +7.5% | +17.6% | +10.8% | +11.1% | +14.0% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 | 7 | 7 | 6 |
| Debt / EquityFinancial leverage | 0.59x | 0.51x | 0.32x | 0.51x | 0.07x |
| Net DebtTotal debt minus cash | $26.3B | $12.5B | $7.7B | $10.4B | -$2.2B |
| Cash & Equiv.Liquid assets | $2.2B | $24.1B | $7.6B | $2.0B | $2.9B |
| Total DebtShort + long-term debt | $28.5B | $36.6B | $15.3B | $12.4B | $705M |
| Interest CoverageEBIT ÷ Interest expense | 9.08x | 48.23x | 19.22x | 11.03x | — |
Total Returns (Dividends Reinvested)
JNJ leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in JNJ five years ago would be worth $14,389 today (with dividends reinvested), compared to $7,076 for MDT. Over the past 12 months, JNJ leads with a +45.5% total return vs BSX's -47.8%. The 3-year compound annual growth rate (CAGR) favors JNJ at 13.3% vs ABT's -6.3% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -20.0% | +7.4% | -31.1% | -43.1% | -6.3% |
| 1-Year ReturnPast 12 months | -5.5% | +45.5% | -35.3% | -47.8% | +7.1% |
| 3-Year ReturnCumulative with dividends | -6.3% | +45.5% | -17.8% | +1.5% | -10.2% |
| 5-Year ReturnCumulative with dividends | -29.2% | +43.9% | -20.2% | +24.7% | -11.5% |
| 10-Year ReturnCumulative with dividends | +24.3% | +131.3% | +166.6% | +143.6% | +125.5% |
| CAGR (3Y)Annualised 3-year return | -2.1% | +13.3% | -6.3% | +0.5% | -3.5% |
Risk & Volatility
Evenly matched — JNJ and EW each lead in 1 of 2 comparable metrics.
Risk & Volatility
JNJ is the less volatile stock with a 0.04 beta — it tends to amplify market swings less than EW's 0.64 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EW currently trades 91.0% from its 52-week high vs BSX's 49.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.42x | 0.04x | 0.22x | 0.30x | 0.64x |
| 52-Week HighHighest price in past year | $106.33 | $251.71 | $139.06 | $109.50 | $87.89 |
| 52-Week LowLowest price in past year | $75.91 | $146.12 | $84.08 | $53.64 | $72.30 |
| % of 52W HighCurrent price vs 52-week peak | +71.6% | +87.9% | +60.6% | +49.3% | +91.0% |
| RSI (14)Momentum oscillator 0–100 | 29.2 | 34.3 | 26.3 | 35.4 | 53.1 |
| Avg Volume (50D)Average daily shares traded | 7.9M | 6.9M | 10.6M | 15.6M | 4.7M |
Analyst Outlook
MDT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: MDT as "Buy", JNJ as "Buy", ABT as "Buy", BSX as "Buy", EW as "Buy". Consensus price targets imply 69.3% upside for BSX (target: $91) vs 12.6% for JNJ (target: $249). For income investors, MDT offers the higher dividend yield at 3.65% vs JNJ's 2.20%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $109.50 | $249.27 | $128.71 | $91.33 | $97.08 |
| # AnalystsCovering analysts | 49 | 40 | 41 | 43 | 48 |
| Dividend YieldAnnual dividend ÷ price | +3.7% | +2.2% | +2.6% | — | — |
| Dividend StreakConsecutive years of raises | 36 | 36 | 11 | 0 | — |
| Dividend / ShareAnnual DPS | $2.78 | $4.87 | $2.19 | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +3.3% | +0.5% | +0.9% | 0.0% | +1.9% |
MDT leads in 2 of 6 categories (Valuation Metrics, Analyst Outlook). JNJ leads in 2 (Profitability & Efficiency, Total Returns). 1 tied.
MDT vs JNJ vs ABT vs BSX vs EW: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is MDT or JNJ or ABT or BSX or EW a better buy right now?
For growth investors, Boston Scientific Corporation (BSX) is the stronger pick with 19.
9% revenue growth year-over-year, versus 3. 6% for Medtronic plc (MDT). Abbott Laboratories (ABT) offers the better valuation at 11. 0x trailing P/E (15. 4x forward), making it the more compelling value choice. Analysts rate Medtronic plc (MDT) a "Buy" — based on 49 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MDT or JNJ or ABT or BSX or EW?
On trailing P/E, Abbott Laboratories (ABT) is the cheapest at 11.
0x versus Edwards Lifesciences Corporation at 43. 7x. On forward P/E, Medtronic plc is actually cheaper at 13. 8x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Abbott Laboratories wins at 0. 51x versus Medtronic plc's 35. 17x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — MDT or JNJ or ABT or BSX or EW?
Over the past 5 years, Johnson & Johnson (JNJ) delivered a total return of +43.
9%, compared to -29. 2% for Medtronic plc (MDT). Over 10 years, the gap is even starker: ABT returned +166. 6% versus MDT's +24. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MDT or JNJ or ABT or BSX or EW?
By beta (market sensitivity over 5 years), Johnson & Johnson (JNJ) is the lower-risk stock at 0.
04β versus Edwards Lifesciences Corporation's 0. 64β — meaning EW is approximately 1316% more volatile than JNJ relative to the S&P 500. On balance sheet safety, Edwards Lifesciences Corporation (EW) carries a lower debt/equity ratio of 7% versus 59% for Medtronic plc — giving it more financial flexibility in a downturn.
05Which is growing faster — MDT or JNJ or ABT or BSX or EW?
By revenue growth (latest reported year), Boston Scientific Corporation (BSX) is pulling ahead at 19.
9% versus 3. 6% for Medtronic plc (MDT). On earnings-per-share growth, the picture is similar: Abbott Laboratories grew EPS 133. 6% year-over-year, compared to -73. 7% for Edwards Lifesciences Corporation. Over a 3-year CAGR, BSX leads at 16. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — MDT or JNJ or ABT or BSX or EW?
Abbott Laboratories (ABT) is the more profitable company, earning 31.
9% net margin versus 13. 9% for Medtronic plc — meaning it keeps 31. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EW leads at 27. 0% versus 16. 3% for ABT. At the gross margin level — before operating expenses — EW leads at 78. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is MDT or JNJ or ABT or BSX or EW more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Abbott Laboratories (ABT) is the more undervalued stock at a PEG of 0. 51x versus Medtronic plc's 35. 17x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Medtronic plc (MDT) trades at 13. 8x forward P/E versus 26. 6x for Edwards Lifesciences Corporation — 12. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BSX: 69. 3% to $91. 33.
08Which pays a better dividend — MDT or JNJ or ABT or BSX or EW?
In this comparison, MDT (3.
7% yield), ABT (2. 6% yield), JNJ (2. 2% yield) pay a dividend. BSX, EW do not pay a meaningful dividend and should not be held primarily for income.
09Is MDT or JNJ or ABT or BSX or EW better for a retirement portfolio?
For long-horizon retirement investors, Johnson & Johnson (JNJ) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
04), 2. 2% yield, +131. 3% 10Y return). Both have compounded well over 10 years (JNJ: +131. 3%, EW: +125. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between MDT and JNJ and ABT and BSX and EW?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: MDT is a mid-cap income-oriented stock; JNJ is a large-cap quality compounder stock; ABT is a mid-cap deep-value stock; BSX is a mid-cap high-growth stock; EW is a mid-cap quality compounder stock. MDT, JNJ, ABT pay a dividend while BSX, EW do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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