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Boston Scientific vs Medline: revenue, profit, margins and growth compared

Boston Scientific brought in $20.1B of revenue in fiscal 2025, Medline $28.4B in fiscal 2025. Boston Scientific kept 14.4% of its revenue as net profit, Medline 4.1%. Free cash flow was $3.7B at Boston Scientific and $1.3B at Medline.

Side by side, latest fiscal year

BSXMDLN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$20.1B$28.4B
Revenue growth+19.9%n/a
Net income$2.9B$1.2B
Net margin14.4%4.1%
Free cash flow$3.7B$1.3B
Free cash flow margin18.2%4.6%
Earnings per share (diluted)$1.94-$0.01
Cash$2B$1.9B
Debt$11.1B$12.6B
Price to earnings22.6n/a
Market value$63.7B$45.6B
Dividend yieldn/an/a
Rank by revenue in sector#30 of 523 · Health care#23 of 523 · Health care

Over the years

Revenue
BSX FY2018: $9.8BBSX FY2019: $10.7BBSX FY2020: $9.9BBSX FY2021: $11.9BBSX FY2022: $12.7BBSX FY2023: $14.2BBSX FY2024: $16.7BBSX FY2025: $20.1BMDLN FY2023: $23.2BMDLN FY2025: $25.5BMDLN FY2025: $28.4BFY18FY19FY20FY21FY22FY23FY24FY25
BSX $20.1BMDLN $28.4B
Net income
BSX FY2018: $1.7BBSX FY2019: $4.7BBSX FY2020: -$115MBSX FY2021: $985MBSX FY2022: $642MBSX FY2023: $1.6BBSX FY2024: $1.9BBSX FY2025: $2.9BMDLN FY2023: $234MMDLN FY2025: $1.2BMDLN FY2025: $1.2BMDLN FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
BSX $2.9BMDLN $1.2B
Net margin
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%MDLN FY2023: 1.0%MDLN FY2025: 4.6%MDLN FY2025: 4.1%FY18FY19FY20FY21FY22FY23FY24FY25
BSX 14.4%MDLN 4.1%
Revenue growth
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%MDLN FY2025: +9.8%FY19FY20FY21FY22FY23FY24FY25
BSX +19.9%MDLN +9.8%
Free cash flow
BSX FY2018: -$6MBSX FY2019: $1.4BBSX FY2020: $1.1BBSX FY2021: $1.3BBSX FY2022: $938MBSX FY2023: $1.8BBSX FY2024: $2.6BBSX FY2025: $3.7BMDLN FY2023: $1.4BMDLN FY2025: $1.4BMDLN FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
BSX $3.7BMDLN $1.3B

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

Questions about Boston Scientific and Medline

Which is bigger by revenue, Boston Scientific or Medline?

Medline is bigger by revenue: $28.4B in fiscal 2025, against $20.1B for Boston Scientific in fiscal 2025.

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

Boston Scientific had a net margin of 14.4% 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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