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Becton Dickinson vs Boston Scientific: revenue, profit, margins and growth compared

Becton Dickinson brought in $21.8B of revenue in fiscal 2025, Boston Scientific $20.1B in fiscal 2025. Revenue changed by +8.2% at Becton Dickinson and +19.9% at Boston Scientific on the year before, so Boston Scientific grew faster. Becton Dickinson kept 7.7% of its revenue as net profit, Boston Scientific 14.4%. Free cash flow was $2.7B at Becton Dickinson and $3.7B at Boston Scientific.

Side by side, latest fiscal year

BDXBSX
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$21.8B$20.1B
Revenue growth+8.2%+19.9%
Net income$1.7B$2.9B
Net margin7.7%14.4%
Free cash flow$2.7B$3.7B
Free cash flow margin12.2%18.2%
Earnings per share (diluted)$5.82$1.94
Cash$567M$2B
Debt$17.6B$11.1B
Price to earnings31.622.6
Market value$50.1B$63.7B
Dividend yield2.26%n/a
Rank by revenue in sector#27 of 523 · Health care#30 of 523 · Health care

Over the years

Revenue
BDX FY2018: $16BBDX FY2019: $17.3BBDX FY2020: $16.1BBDX FY2021: $19.1BBDX FY2022: $18.9BBDX FY2023: $19.4BBDX FY2024: $20.2BBDX FY2025: $21.8BBSX FY2018: $9.8BBSX FY2019: $10.7BBSX FY2020: $9.9BBSX FY2021: $11.9BBSX FY2022: $12.7BBSX FY2023: $14.2BBSX FY2024: $16.7BBSX FY2025: $20.1BFY18FY19FY20FY21FY22FY23FY24FY25
BDX $21.8BBSX $20.1B
Net income
BDX FY2018: $311MBDX FY2019: $1.2BBDX FY2020: $874MBDX FY2021: $2.1BBDX FY2022: $1.8BBDX FY2023: $1.5BBDX FY2024: $1.7BBDX FY2025: $1.7BBSX FY2018: $1.7BBSX FY2019: $4.7BBSX FY2020: -$115MBSX FY2021: $985MBSX FY2022: $642MBSX FY2023: $1.6BBSX FY2024: $1.9BBSX FY2025: $2.9BFY18FY19FY20FY21FY22FY23FY24FY25
BDX $1.7BBSX $2.9B
Net margin
BDX FY2018: 1.9%BDX FY2019: 7.1%BDX FY2020: 5.4%BDX FY2021: 10.9%BDX FY2022: 9.4%BDX FY2023: 7.7%BDX FY2024: 8.4%BDX FY2025: 7.7%BSX FY2018: 17.0%BSX FY2019: 43.8%BSX FY2020: -1.2%BSX FY2021: 8.3%BSX FY2022: 5.1%BSX FY2023: 11.0%BSX FY2024: 11.1%BSX FY2025: 14.4%FY18FY19FY20FY21FY22FY23FY24FY25
BDX 7.7%BSX 14.4%
Revenue growth
BDX FY2019: +8.2%BDX FY2020: -7.0%BDX FY2021: +19.0%BDX FY2022: -1.4%BDX FY2023: +2.7%BDX FY2024: +4.2%BDX FY2025: +8.2%BSX FY2019: +9.3%BSX FY2020: -7.7%BSX FY2021: +19.9%BSX FY2022: +6.7%BSX FY2023: +12.3%BSX FY2024: +17.6%BSX FY2025: +19.9%FY19FY20FY21FY22FY23FY24FY25
BDX +8.2%BSX +19.9%
Free cash flow
BDX FY2018: $2BBDX FY2019: $2.4BBDX FY2020: $2.8BBDX FY2021: $3.5BBDX FY2022: $1.5BBDX FY2023: $2.1BBDX FY2024: $3.1BBDX FY2025: $2.7BBSX FY2018: -$6MBSX FY2019: $1.4BBSX FY2020: $1.1BBSX FY2021: $1.3BBSX FY2022: $938MBSX FY2023: $1.8BBSX FY2024: $2.6BBSX FY2025: $3.7BFY18FY19FY20FY21FY22FY23FY24FY25
BDX $2.7BBSX $3.7B

Fiscal years as each company reports them; the two may end in different months.

Questions about Becton Dickinson and Boston Scientific

Which is bigger by revenue, Becton Dickinson or Boston Scientific?

Becton Dickinson is bigger by revenue: $21.8B in fiscal 2025, against $20.1B for Boston Scientific in fiscal 2025.

Which keeps more of its revenue as profit, Becton Dickinson or Boston Scientific?

Becton Dickinson had a net margin of 7.7% in fiscal 2025; Boston Scientific had 14.4% in fiscal 2025.

Which grew revenue faster, Becton Dickinson or Boston Scientific?

In their latest fiscal years revenue changed by +8.2% at Becton Dickinson and +19.9% at Boston Scientific.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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