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 profitability as the main driver and growth adding further support. 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.

Updated 2026-04-05

This is not just a one-metric split: both profitability and growth materially support the lead. The overall score gap is 11 points in favour of Haleon plc.

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
62
Peer-Score
Signal qualityMedium
vs
MDT
Medtronic plc
51
Peer-Score
Signal qualityHigh

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 54 24 Stability 80 72 Valuation 63 74 Growth 57 33 HLN.L MDT
Gap Ranking
#1 Profitability +30
#2 Growth +24
#3 Valuation +11
#4 Stability +8
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 still looks stronger overall, though current pricing looks more supportive for Medtronic plc.

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

Relative Position vs Comparable Companies
Profitability
On profitability, Haleon plc is positioned higher in the group, while Medtronic plc is closer to the middle.
Growth
Haleon plc sits in the stronger part of the group on growth, while Medtronic plc is closer to mid-pack.
Profitability — Dominant Gap
HLN.L
54
MDT
24
Gap+30in favour of HLN.L

The clearest distance comes from a stronger profitability profile.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Medtronic, with a forward P/E that is 2.1 turns lower there.

What this means for the comparison

Profitability is the clearest driver of the lead, with growth adding further support — though valuation still provides a real 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 profitability-and-growth 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.

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.