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

Becton Dickinson brought in $21.8B of revenue in fiscal 2025, Stryker $25.1B in fiscal 2025. Revenue changed by +8.2% at Becton Dickinson and +11.2% at Stryker on the year before, so Stryker grew faster. Becton Dickinson kept 7.7% of its revenue as net profit, Stryker 12.9%. Free cash flow was $2.7B at Becton Dickinson and $4.3B at Stryker.

Side by side, latest fiscal year

BDXSYK
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$21.8B$25.1B
Revenue growth+8.2%+11.2%
Net income$1.7B$3.2B
Net margin7.7%12.9%
Free cash flow$2.7B$4.3B
Free cash flow margin12.2%17.1%
Earnings per share (diluted)$5.82$8.40
Cash$567M$4B
Debt$17.6B$14.9B
Price to earnings31.632.4
Market value$50.1B$104.5B
Dividend yield2.26%n/a
Rank by revenue in sector#27 of 523 · Health care#24 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: $21.8BSYK FY2018: $13.6BSYK FY2019: $14.9BSYK FY2020: $14.4BSYK FY2021: $17.1BSYK FY2022: $18.4BSYK FY2023: $20.5BSYK FY2024: $22.6BSYK FY2025: $25.1BFY18FY19FY20FY21FY22FY23FY24FY25
BDX $21.8BSYK $25.1B
Net income
BDX FY2018: $311MBDX FY2019: $1.2BBDX FY2020: $874MBDX FY2021: $2.1BBDX FY2022: $1.8BBDX FY2023: $1.5BBDX FY2024: $1.7BBDX FY2025: $1.7BSYK FY2018: $3.6BSYK FY2019: $2.1BSYK FY2020: $1.6BSYK FY2021: $2BSYK FY2022: $2.4BSYK FY2023: $3.2BSYK FY2024: $3BSYK FY2025: $3.2BFY18FY19FY20FY21FY22FY23FY24FY25
BDX $1.7BSYK $3.2B
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%SYK FY2018: 26.1%SYK FY2019: 14.0%SYK FY2020: 11.1%SYK FY2021: 11.7%SYK FY2022: 12.8%SYK FY2023: 15.4%SYK FY2024: 13.2%SYK FY2025: 12.9%FY18FY19FY20FY21FY22FY23FY24FY25
BDX 7.7%SYK 12.9%
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%SYK FY2019: +9.4%SYK FY2020: -3.6%SYK FY2021: +19.2%SYK FY2022: +7.8%SYK FY2023: +11.1%SYK FY2024: +10.2%SYK FY2025: +11.2%FY19FY20FY21FY22FY23FY24FY25
BDX +8.2%SYK +11.2%
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: $2.7BSYK FY2018: $2BSYK FY2019: $1.5BSYK FY2020: $2.8BSYK FY2021: $2.7BSYK FY2022: $2BSYK FY2023: $3.1BSYK FY2024: $3.5BSYK FY2025: $4.3BFY18FY19FY20FY21FY22FY23FY24FY25
BDX $2.7BSYK $4.3B

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

Questions about Becton Dickinson and Stryker

Which is bigger by revenue, Becton Dickinson or Stryker?

Stryker is bigger by revenue: $25.1B in fiscal 2025, against $21.8B for Becton Dickinson in fiscal 2025.

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

Becton Dickinson had a net margin of 7.7% in fiscal 2025; Stryker had 12.9% in fiscal 2025.

Which grew revenue faster, Becton Dickinson or Stryker?

In their latest fiscal years revenue changed by +8.2% at Becton Dickinson and +11.2% at Stryker.

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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