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

Boston Scientific brought in $20.1B of revenue in fiscal 2025, Solventum $8.3B in fiscal 2025. Revenue changed by +19.9% at Boston Scientific and +0.9% at Solventum on the year before, so Boston Scientific grew faster. Boston Scientific kept 14.4% of its revenue as net profit, Solventum 18.7%. Free cash flow was $3.7B at Boston Scientific and -$10M at Solventum.

Side by side, latest fiscal year

BSXSOLV
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$20.1B$8.3B
Revenue growth+19.9%+0.9%
Net income$2.9B$1.6B
Net margin14.4%18.7%
Free cash flow$3.7B-$10M
Free cash flow margin18.2%-0.1%
Earnings per share (diluted)$1.94$8.88
Cash$2B$878M
Debt$11.1B$5B
Price to earnings22.610.1
Market value$63.7B$15.2B
Dividend yieldn/an/a
Rank by revenue in sector#30 of 523 · Health care#49 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: $20.1BSOLV FY2022: $8.1BSOLV FY2024: $8.2BSOLV FY2024: $8.3BSOLV FY2025: $8.3BFY18FY19FY20FY21FY22FY23FY24FY25
BSX $20.1BSOLV $8.3B
Net income
BSX FY2018: $1.7BBSX FY2019: $4.7BBSX FY2020: -$115MBSX FY2021: $985MBSX FY2022: $642MBSX FY2023: $1.6BBSX FY2024: $1.9BBSX FY2025: $2.9BSOLV FY2022: $1.3BSOLV FY2024: $1.3BSOLV FY2024: $479MSOLV FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
BSX $2.9BSOLV $1.6B
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%SOLV FY2022: 16.5%SOLV FY2024: 16.4%SOLV FY2024: 5.8%SOLV FY2025: 18.7%FY18FY19FY20FY21FY22FY23FY24FY25
BSX 14.4%SOLV 18.7%
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%SOLV FY2024: +0.8%SOLV FY2024: +0.7%SOLV FY2025: +0.9%FY19FY20FY21FY22FY23FY24FY25
BSX +19.9%SOLV +0.9%
Free cash flow
BSX FY2018: -$6MBSX FY2019: $1.4BBSX FY2020: $1.1BBSX FY2021: $1.3BBSX FY2022: $938MBSX FY2023: $1.8BBSX FY2024: $2.6BBSX FY2025: $3.7BSOLV FY2022: $1.4BSOLV FY2024: $1.6BSOLV FY2024: $805MSOLV FY2025: -$10MFY18FY19FY20FY21FY22FY23FY24FY25
BSX $3.7BSOLV -$10M

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

Questions about Boston Scientific and Solventum

Which is bigger by revenue, Boston Scientific or Solventum?

Boston Scientific is bigger by revenue: $20.1B in fiscal 2025, against $8.3B for Solventum in fiscal 2025.

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

Boston Scientific had a net margin of 14.4% in fiscal 2025; Solventum had 18.7% in fiscal 2025.

Which grew revenue faster, Boston Scientific or Solventum?

In their latest fiscal years revenue changed by +19.9% at Boston Scientific 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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