Home Compare HLN.L vs MDT
Stock Comparison · Structural lead, mixed market

Haleon vs Medtronic: Which Stock Looks Stronger in 2026?

Haleon holds the cleaner structural position, with the lead spread across growth and stability. Medtronic still has the edge on valuation, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (HLN.L: STOXX 600, MDT: Russell 1000).

Updated 2026-05-17

This is not just a one-metric split: both growth and stability materially support the lead. Haleon plc leads by 9 points on the overall comparison score.

Trajectory Similarity
0.75
Similar
Peer-set rank: #1
within Haleon plc's functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The strongest overlap appears in revenue stability and investment intensity.

Similarity drivers
revenue stabilityinvestment intensity
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
HLN.L
Haleon plc
66
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
MDT
Medtronic plc
57
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: HLN.L vs MDT Profitability 62 50 Stability 81 55 Valuation 64 80 Growth 60 34 HLN.L MDT
Gap Ranking
#1 Growth +26
#2 Stability +26
#3 Valuation +16
#4 Profitability +12
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for HLN.L and MDT Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer HLN.LMDT Relative valuation Structural strength

Haleon plc is stronger, but the price setup still looks more supportive for Medtronic plc.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Growth
Haleon plc sits in the stronger part of the group on growth, while Medtronic plc is closer to mid-pack.
Stability
Both rank well on stability, but Haleon plc still holds a clear edge.
Growth — Dominant Gap
HLN.L
60
MDT
34
Gap+26in favour of HLN.L

Earnings growth is one contributing factor within the growth lead.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Medtronic, with a forward P/E that is 2.2 turns lower there.

What this means for the comparison

The lead is built on both growth and stability — though valuation still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the HLN.L vs MDT comparison across all dimensions with the full interactive tool.

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Similar growth-and-stability comparisons

Explore how HLN.L and MDT each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.