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Becton Dickinson vs 3M: revenue, profit, margins and growth compared

Becton Dickinson brought in $21.8B of revenue in fiscal 2025, 3M $24.9B in fiscal 2025. Revenue changed by +8.2% at Becton Dickinson and +1.5% at 3M on the year before, so Becton Dickinson grew faster. Becton Dickinson kept 7.7% of its revenue as net profit, 3M 13.0%. Free cash flow was $2.7B at Becton Dickinson and $1.4B at 3M.

Side by side, latest fiscal year

BDXMMM
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$21.8B$24.9B
Revenue growth+8.2%+1.5%
Net income$1.7B$3.3B
Net margin7.7%13.0%
Free cash flow$2.7B$1.4B
Free cash flow margin12.2%5.6%
Earnings per share (diluted)$5.82$6.00
Cash$567M$5.2B
Debt$17.6B$12.6B
Price to earnings31.628.3
Market value$50.1B$87.4B
Dividend yield2.26%1.72%
Rank by revenue in sector#27 of 523 · Health care#25 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: $21.8BMMM FY2018: $32.8BMMM FY2019: $32.1BMMM FY2020: $32.2BMMM FY2021: $35.4BMMM FY2022: $26.2BMMM FY2023: $24.6BMMM FY2024: $24.6BMMM FY2025: $24.9BFY18FY19FY20FY21FY22FY23FY24FY25
BDX $21.8BMMM $24.9B
Net income
BDX FY2018: $311MBDX FY2019: $1.2BBDX FY2020: $874MBDX FY2021: $2.1BBDX FY2022: $1.8BBDX FY2023: $1.5BBDX FY2024: $1.7BBDX FY2025: $1.7BMMM FY2018: $5.3BMMM FY2019: $4.5BMMM FY2020: $5.4BMMM FY2021: $5.9BMMM FY2022: $5.8BMMM FY2023: -$7BMMM FY2024: $4.2BMMM FY2025: $3.3BFY18FY19FY20FY21FY22FY23FY24FY25
BDX $1.7BMMM $3.3B
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%MMM FY2018: 16.3%MMM FY2019: 14.1%MMM FY2020: 16.9%MMM FY2021: 16.7%MMM FY2022: 22.1%MMM FY2023: -28.4%MMM FY2024: 17.0%MMM FY2025: 13.0%FY18FY19FY20FY21FY22FY23FY24FY25
BDX 7.7%MMM 13.0%
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%MMM FY2019: -1.9%MMM FY2020: +0.1%MMM FY2021: +9.9%MMM FY2022: -26.0%MMM FY2023: -5.9%MMM FY2024: -0.1%MMM FY2025: +1.5%FY19FY20FY21FY22FY23FY24FY25
BDX +8.2%MMM +1.5%
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: $2.7BMMM FY2018: $4.9BMMM FY2019: $5.4BMMM FY2020: $6.6BMMM FY2021: $5.9BMMM FY2022: $3.8BMMM FY2023: $5.1BMMM FY2024: $638MMMM FY2025: $1.4BFY18FY19FY20FY21FY22FY23FY24FY25
BDX $2.7BMMM $1.4B

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

Questions about Becton Dickinson and 3M

Which is bigger by revenue, Becton Dickinson or 3M?

3M is bigger by revenue: $24.9B in fiscal 2025, against $21.8B for Becton Dickinson in fiscal 2025.

Which keeps more of its revenue as profit, Becton Dickinson or 3M?

Becton Dickinson had a net margin of 7.7% in fiscal 2025; 3M had 13.0% in fiscal 2025.

Which grew revenue faster, Becton Dickinson or 3M?

In their latest fiscal years revenue changed by +8.2% at Becton Dickinson and +1.5% at 3M.

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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