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

Becton Dickinson brought in $21.8B of revenue in fiscal 2025, Solventum $8.3B in fiscal 2025. Revenue changed by +8.2% at Becton Dickinson and +0.9% at Solventum on the year before, so Becton Dickinson grew faster. Becton Dickinson kept 7.7% of its revenue as net profit, Solventum 18.7%. Free cash flow was $2.7B at Becton Dickinson and -$10M at Solventum.

Side by side, latest fiscal year

BDXSOLV
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$21.8B$8.3B
Revenue growth+8.2%+0.9%
Net income$1.7B$1.6B
Net margin7.7%18.7%
Free cash flow$2.7B-$10M
Free cash flow margin12.2%-0.1%
Earnings per share (diluted)$5.82$8.88
Cash$567M$878M
Debt$17.6B$5B
Price to earnings31.610.1
Market value$50.1B$15.2B
Dividend yield2.26%n/a
Rank by revenue in sector#27 of 523 · Health care#49 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: $21.8BSOLV FY2022: $8.1BSOLV FY2024: $8.2BSOLV FY2024: $8.3BSOLV FY2025: $8.3BFY18FY19FY20FY21FY22FY23FY24FY25
BDX $21.8BSOLV $8.3B
Net income
BDX FY2018: $311MBDX FY2019: $1.2BBDX FY2020: $874MBDX FY2021: $2.1BBDX FY2022: $1.8BBDX FY2023: $1.5BBDX FY2024: $1.7BBDX FY2025: $1.7BSOLV FY2022: $1.3BSOLV FY2024: $1.3BSOLV FY2024: $479MSOLV FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
BDX $1.7BSOLV $1.6B
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%SOLV FY2022: 16.5%SOLV FY2024: 16.4%SOLV FY2024: 5.8%SOLV FY2025: 18.7%FY18FY19FY20FY21FY22FY23FY24FY25
BDX 7.7%SOLV 18.7%
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%SOLV FY2024: +0.8%SOLV FY2024: +0.7%SOLV FY2025: +0.9%FY19FY20FY21FY22FY23FY24FY25
BDX +8.2%SOLV +0.9%
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: $2.7BSOLV FY2022: $1.4BSOLV FY2024: $1.6BSOLV FY2024: $805MSOLV FY2025: -$10MFY18FY19FY20FY21FY22FY23FY24FY25
BDX $2.7BSOLV -$10M

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

Questions about Becton Dickinson and Solventum

Which is bigger by revenue, Becton Dickinson or Solventum?

Becton Dickinson is bigger by revenue: $21.8B in fiscal 2025, against $8.3B for Solventum in fiscal 2025.

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

Becton Dickinson had a net margin of 7.7% in fiscal 2025; Solventum had 18.7% in fiscal 2025.

Which grew revenue faster, Becton Dickinson or Solventum?

In their latest fiscal years revenue changed by +8.2% at Becton Dickinson and +0.9% at Solventum.

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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