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Structural Similarity · Functional Peers

Companies Similar to Medtronic plc

Stocks with a similar structural profile to Medtronic plc (MDT) — identified by trajectory similarity across revenue dynamics, margin structure, and capital efficiency patterns. Not based on sector labels alone.

11 similar companies · Updated 2026-04-05 · MDT full analysis → peer cluster →

Companies similar to Medtronic plc cluster around comparable structural characteristics, with the strongest visible overlap typically appearing in valuation. Examples in this group include Zimmer Biomet Holdings, Inc., Haleon plc, Thermo Fisher Scientific Inc..

Structurally similar companies — ranked by functional peer similarity
# Company Growth Quality Valuation
#1
33
0
70
MDT vs ZBH
#2
57
54
63
MDT vs HLN.L
#3
35
50
65
MDT vs TMO
#4
0
0
80
MDT vs BIIB
#5
48
20
74
MDT vs BDX
#6
6
26
88
MDT vs KHC
#7
22
38
62
MDT vs DSY.PA
#8
15
35
77
MDT vs SSNC
#9
39
32
36
MDT vs CTVA
#10
48
35
88
MDT vs JAZZ
#11
45
7
51
MDT vs TDY
Direct comparisons — MDT vs each similar company

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Each company above has its own structural peer group. Explore the network:

Similarity is rule-based and descriptive only. Based on trajectory analysis of revenue dynamics, margin structure and capital efficiency patterns over time. Not investment advice. Not based on 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.