Direct Answer
SEC EDGAR classifies Medtronic under SIC code 3845 (Electromedical & Electrotherapeutic Apparatus). Among Swoopr's S&P 500 Equal Weight companies, 15 others share that classification; by latest reported revenue, Medtronic ranks 1 of 16. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes.
How Does Medtronic Compare With Its Peers?
| Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin |
|---|---|---|---|---|
| Medtronic (MDT) | $36.4 billion FY2026 | 8.4% | 17.8% | 0.0% |
| Axogen Inc. (AXGN) | $225 million FY2025 | 20.2% | -3.5% | -7.0% |
| Outset Medical Inc. (OM) | $119 million FY2025 | 5.1% | -55.8% | -68.3% |
| CeriBell Inc. (CBLL) | $89 million FY2025 | 36.1% | -65.6% | -60.0% |
| Electromed Inc. (ELMD) | $64 million FY2025 | 17.0% | 15.1% | 11.8% |
| IRIDEX Corporation (IRIX) | $53 million FY2025 | 8.2% | -4.9% | -8.4% |
| Stereotaxis Inc. (STXS) | $32 million FY2025 | 20.3% | -68.3% | -66.8% |
| electroCore Inc. (ECOR) | $32 million FY2025 | 27.2% | -41.1% | -43.6% |
| Precision Optics Corporation Inc. (POCI) | $19 million FY2025 | -0.1% | -29.1% | -30.3% |
| QT Imaging Holdings Inc. (QTI) | $19 million FY2025 | 287.9% | -23.4% | -111.4% |
| Hyperfine Inc. (HYPR) | $14 million FY2025 | 5.2% | -273.4% | -262.3% |
| CapsoVision Inc. (CV) | $14 million FY2025 | 15.3% | -188.3% | -186.8% |
| Nuwellis Inc. (NUWE) | $8 million FY2025 | -5.4% | -134.3% | -211.9% |
| Neuraxis Inc. (NRXS) | $4 million FY2025 | 32.9% | -219.4% | -218.5% |
| Nexalin Technology Inc. (NXL) | $301,647 FY2025 | 78.8% | -2781.7% | -2725.8% |
| Vivani Medical Inc. (VANI) | $0 FY2025 | n/a | n/a | n/a |
Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care.
How Does Medtronic Rank Among All SEC Filers in Its Industry Code?
15 companies with annual reports in Swoopr's SEC dataset share SIC code 3845 (Electromedical & Electrotherapeutic Apparatus), a wider group than the S&P 500 Equal Weight companies above. Ranks run from 1 (highest) and use each company's latest fiscal year, in U.S. dollars.
| Measure | Medtronic | Median of filers | Rank |
|---|---|---|---|
| Revenue | $36.4 billion | $32 million | 1 of 15 |
| Revenue growth | 8.4% | 17.0% | 10 of 15 |
| Operating margin | 17.8% | -55.8% | 1 of 15 |
| Net margin | 0.0% | -66.8% | 2 of 15 |
A SIC code reflects the filer's main business as the SEC records it, so the group mixes companies of very different size; the median is a better guide than the average, and a rank near the top by revenue says nothing about quality.
Where These Numbers Come From
Every figure on this page is a value Medtronic reported in its own SEC filings, read from the SEC's XBRL data (accession 0001628280-26-044354 for fiscal year 2026). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
Who are Medtronic's competitors?
Companies sharing Medtronic's SEC classification (SIC code 3845 (Electromedical & Electrotherapeutic Apparatus)) include Axogen Inc. (AXGN), Outset Medical Inc. (OM), CeriBell Inc. (CBLL), Electromed Inc. (ELMD), IRIDEX Corporation (IRIX). Its 10-K names the competitors it considers most relevant.
How does Medtronic compare with its peers on margins?
Medtronic's fiscal 2026 operating margin was 17.8%, against a peer median of -60.7%.
How are these peers chosen?
By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict.
How does Medtronic rank among all companies in its SEC industry?
Among 15 SEC filers under SIC code 3845, Medtronic ranks 1 by latest revenue, and 1 of 15 by operating margin (17.8% against a median of -55.8%).