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Becton Dickinson vs Medline: revenue, profit, margins and growth compared

Becton Dickinson brought in $21.8B of revenue in fiscal 2025, Medline $28.4B in fiscal 2025. Becton Dickinson kept 7.7% of its revenue as net profit, Medline 4.1%. Free cash flow was $2.7B at Becton Dickinson and $1.3B at Medline.

Side by side, latest fiscal year

BDXMDLN
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$21.8B$28.4B
Revenue growth+8.2%n/a
Net income$1.7B$1.2B
Net margin7.7%4.1%
Free cash flow$2.7B$1.3B
Free cash flow margin12.2%4.6%
Earnings per share (diluted)$5.82-$0.01
Cash$567M$1.9B
Debt$17.6B$12.6B
Price to earnings31.6n/a
Market value$50.1B$45.6B
Dividend yield2.26%n/a
Rank by revenue in sector#27 of 523 · Health care#23 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: $21.8BMDLN FY2023: $23.2BMDLN FY2025: $25.5BMDLN FY2025: $28.4BFY18FY19FY20FY21FY22FY23FY24FY25
BDX $21.8BMDLN $28.4B
Net income
BDX FY2018: $311MBDX FY2019: $1.2BBDX FY2020: $874MBDX FY2021: $2.1BBDX FY2022: $1.8BBDX FY2023: $1.5BBDX FY2024: $1.7BBDX FY2025: $1.7BMDLN FY2023: $234MMDLN FY2025: $1.2BMDLN FY2025: $1.2BMDLN FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
BDX $1.7BMDLN $1.2B
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%MDLN FY2023: 1.0%MDLN FY2025: 4.6%MDLN FY2025: 4.1%FY18FY19FY20FY21FY22FY23FY24FY25
BDX 7.7%MDLN 4.1%
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%MDLN FY2025: +9.8%FY19FY20FY21FY22FY23FY24FY25
BDX +8.2%MDLN +9.8%
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: $2.7BMDLN FY2023: $1.4BMDLN FY2025: $1.4BMDLN FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
BDX $2.7BMDLN $1.3B

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

Questions about Becton Dickinson and Medline

Which is bigger by revenue, Becton Dickinson or Medline?

Medline is bigger by revenue: $28.4B in fiscal 2025, against $21.8B for Becton Dickinson in fiscal 2025.

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

Becton Dickinson had a net margin of 7.7% in fiscal 2025; Medline had 4.1% in fiscal 2025.

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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