MDT vs STE
Medtronic (MDT) and Steris (STE) compared side by side. Medtronic (MDT) is larger, with a market cap of $122.0B versus $22.6B for Steris, about 5.4 times the size. On trailing earnings, MDT is cheaper at 23.4x versus 28.4x for STE.
Head to head
| Metric | MDT | STE |
|---|---|---|
| Market cap | $122.0B | $22.6B |
| P/E (TTM) | 23.4x | 28.4x |
| Forward P/E | 14.9x | 18.8x |
| Revenue (TTM) | $37.5B | — |
| Revenue growth | 13.7% | — |
| Gross margin | 65.3% | — |
| Operating margin | 19.3% | — |
| Free cash flow | $6.1B | $925.6M |
| Dividend yield | 3.02% | 1.11% |
| 1-year return | +4.6% | -3.2% |
| 5-year return (annual) | -1.9% | +0.7% |
| Max drawdown | -73% | -77% |
| FI Handbook grade | B- | C+ |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
$6.0K
$8.0K
$10.0K
20222023202420252026
MDT vs STE FAQ
Which is bigger, MDT or STE?
Medtronic (MDT) is larger, with a market cap of $122.0B versus $22.6B for Steris, about 5.4 times the size.
Is MDT or STE cheaper?
On trailing earnings, MDT is cheaper at 23.4x versus 28.4x for STE. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, MDT or STE?
MDT returned +4.6% over the past year including dividends, versus -3.2% for STE, through October 23, 2026.
Which pays a higher dividend, MDT or STE?
MDT yields 3.02% versus 1.11% for STE.