Becton, Dickinson and Company (BDX) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$3.14	$3.23	+2.9%	—	—	—
Q4 26	$2.77	$2.9	+4.7%	—	—	—
Q3 26	$2.81	$2.91	+3.6%	—	—	—
Q2 26	$3.91	$3.96	+1.3%	—	—	—
Q1 26	$3.4	$3.68	+8.2%	—	—	—
Q4 25	$3.28	$3.35	+2.1%	—	—	—
Q3 25	$2.99	$3.43	+14.7%	—	—	—
Q2 25	$3.77	$3.81	+1.1%	—	—	—
Q1 25	$3.31	$3.5	+5.7%	—	—	—
Q4 24	$2.97	$3.17	+6.7%	—	—	—
Q3 24	$2.4	$2.68	+11.7%	—	—	—
Q2 24	$3.43	$3.42	-0.3%	—	—	—
Q1 24	$2.91	$2.96	+1.7%	—	—	—
Q4 23	$2.75	$2.86	+4.0%	—	—	—
Q3 23	$2.68	$2.98	+11.2%	—	—	—
Q2 23	$2.74	$2.75	+0.4%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$5.83	—	—	$21.8B	—
FY24	—	$5.96	—	—	$20.2B	—
FY23	—	$4.97	—	—	$19.4B	—
FY22	—	$5.93	—	—	$18.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$12.5B	$12.1B	$16B	$17.3B	$16.1B	$19.1B	$18.9B	$19.4B	$20.2B	$21.8B
YoY change	+21.4%	-3.12%	+32.2%	+8.18%	-7.03%	+19%	-1.36%	+2.66%	+4.16%	+8.24%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	12.5B	12.1B	16B	17.3B	16.1B	19.1B	18.9B	19.4B	20.2B	21.8B
Cost of revenue	6.5B	6.1B	8.7B	9B	9.3B	10.5B	10.4B	11.2B	11.1B	11.9B
Gross profit	6B	6B	7.3B	8.3B	6.8B	8.6B	8.5B	8.2B	9.1B	9.9B
Gross margin	48%	49.3%	45.5%	47.9%	42.3%	45.1%	44.9%	42.2%	45.2%	45.4%
Research & development	828M	770M	1B	1.1B	1B	1.3B	1.3B	1.2B	1.2B	1.3B
Selling, general & administrative	3B	2.9B	4B	4.3B	4.2B	4.7B	4.7B	4.7B	4.9B	5.3B
Operating expenses	3.8B	4.1B	5B	6B	5.6B	6.2B	6B	5.7B	6.3B	6.9B
Operating income	2.2B	1.9B	2.2B	2.2B	1.2B	2.4B	2.5B	2.4B	2.9B	3B
Operating margin	17.3%	15.5%	14.1%	13%	7.53%	12.7%	13.1%	12.5%	14.2%	13.7%
Non-operating income, net	-716M	-455M	-436M	-437M	-275M	-277M	-308M	-359M	-486M	-531M
Pretax income	1.1B	976M	1.2B	1.2B	414M	1.7B	1.8B	1.7B	2B	1.9B
Income tax	97M	-124M	862M	-57M	62M	88M	148M	132M	300M	203M
Net income	976M	1.1B	311M	1.2B	874M	2.1B	1.8B	1.5B	1.7B	1.7B
Net margin	7.82%	9.1%	1.95%	7.13%	5.44%	10.9%	9.43%	7.66%	8.45%	7.68%
EBITDA	3.3B	3B	4.3B	4.6B	3.4B	4.7B	4.7B	4.8B	5.3B	5.4B
EPS	4.59	4.7	0.62	3.96	2.75	6.92	5.93	4.97	5.96	5.83
Diluted EPS	4.49	4.6	0.6	3.89	2.71	6.85	5.88	4.94	5.93	5.82

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	5.1B	4.7B	5B	5B	5.4B	5.2B	5.3B	5.5B	5.9B	5.3B	4.7B	5B
Cost of revenue	3.4B	2.7B	2.7B	2.7B	3B	2.9B	3B	2.9B	3.1B	2.8B	2.6B	2.7B
Gross profit	1.7B	2B	2.3B	2.3B	2.5B	2.2B	2.3B	2.6B	2.8B	2.4B	2.2B	2.3B
Gross margin	33.4%	43.1%	45.7%	46.2%	45.7%	43.2%	42.8%	47.8%	47.5%	45.9%	45.7%	46.5%
Research & development	281M	290M	299M	299M	302M	343M	302M	297M	322M	306M	249M	258M
Selling, general & administrative	1.1B	1.2B	1.2B	1.2B	1.3B	1.3B	1.3B	1.3B	1.4B	1.4B	1.2B	1.3B
Operating expenses	1.2B	1.5B	1.5B	1.6B	1.7B	1.7B	1.6B	1.7B	2B	1.7B	1.5B	1.6B
Operating income	485M	513M	835M	714M	793M	546M	637M	979M	826M	662M	626M	752M
Operating margin	9.53%	10.9%	16.6%	14.3%	14.6%	10.6%	12.1%	17.8%	14%	12.6%	13.3%	15.1%
Non-operating income, net	-202M	-79M	-103M	-125M	-179M	-108M	-128M	-130M	-166M	-121M	-447M	-70M
Pretax income	181M	359M	633M	500M	514M	306M	363M	703M	510M	393M	39M	554M
Income tax	28M	77M	96M	13M	114M	3M	55M	129M	17M	11M	76M	102M
Net income	108M	281M	537M	487M	400M	303M	308M	574M	493M	382M	-311M	377M
Net margin	2.12%	5.97%	10.6%	9.76%	7.36%	5.86%	5.84%	10.4%	8.37%	7.27%	-6.6%	7.57%
EBITDA	1.1B	1.1B	1.4B	1.3B	1.5B	1.2B	1.2B	1.7B	1.5B	1.3B	1.2B	1.3B
EPS	0.37	0.97	1.85	1.68	1.45	1.05	1.07	2	—	1.34	-1.11	1.37
Diluted EPS	0.37	0.96	1.85	1.68	1.45	1.04	1.07	2	—	1.34	-1.11	1.37

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	29.3B	32.9B	—	52.4B	49.8B	54.5B	49.9B	58.2B	54.9B	42.3B	50.1B
Enterprise value	39B	37.6B	—	71.2B	64.9B	69.9B	65B	72.6B	72.9B	60.9B	66.2B
Shares outstanding	212.7M	218.9M	258.4M	269.9M	279M	289.3M	285M	286.3M	289.8M	287.6M	287.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	30	29.9	—	42.5	57	26.1	28.1	39.2	32.2	25.2	31.9
P/S	2.35	2.72	—	3.03	3.1	2.85	2.65	3	2.72	1.94	2.23
P/B	3.84	2.54	—	2.48	2.09	2.3	1.97	2.26	2.12	1.67	2.05
EV/EBITDA	11.8	12.5	—	15.6	19.3	14.9	13.9	15.3	13.7	11.2	10.8
EV/Sales	3.12	3.11	—	4.12	4.04	3.65	3.44	3.75	3.61	2.79	2.94
Earnings yield	3.33%	3.34%	—	2.35%	1.76%	3.84%	3.56%	2.55%	3.1%	3.96%	3.14%
FCF yield	6.36%	5.54%	—	4.53%	5.56%	6.33%	3.32%	3.63%	5.59%	6.31%	8.94%
PEG	—	—	—	—	—	—	—	—	—	—	-1.01

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	48%	49.3%	45.5%	47.9%	42.3%	45.1%	44.9%	42.2%	45.2%	45.4%	46.5%
Operating margin	17.3%	15.5%	14.1%	13%	7.53%	12.7%	13.1%	12.5%	14.2%	13.7%	15.7%
Net margin	7.82%	9.1%	1.95%	7.13%	5.44%	10.9%	9.43%	7.66%	8.45%	7.68%	4.19%
ROE	12.8%	8.5%	1.48%	5.85%	3.68%	8.84%	7.04%	5.75%	6.59%	6.61%	6.61%
ROA	3.81%	2.92%	0.58%	2.38%	1.62%	3.88%	3.36%	2.81%	2.98%	3.03%	4.34%
ROIC	11.4%	10.6%	1.44%	5.61%	2.65%	5.91%	5.63%	5.54%	5.54%	6.06%	6.1%
Return on tangible assets	-53.9%	10.2%	-1.19%	-4.94%	-4.19%	-10.7%	-8.5%	-8.17%	-9.76%	-10%	-5.47%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.45	5.58	1.03	1.18	1.54	1.33	1.04	1.31	1.17	1.11	0.86
Quick ratio	1.06	5.03	0.69	0.72	1.07	0.92	0.63	0.81	0.74	0.64	0.51
Debt / equity	1.51	1.46	1.02	0.92	0.75	0.74	0.64	0.62	0.78	0.76	0.69
Debt / assets	0.45	0.5	0.4	0.37	0.33	0.33	0.3	0.3	0.35	0.35	0.33
Net debt / EBITDA	2.92	1.56	4.7	4.11	4.48	3.26	3.21	3.04	3.37	3.42	3.02
Interest coverage	3.77	2.87	2.66	2.84	1.78	4.61	5.48	4.68	4.8	4.07	3.54
Effective tax rate	9.03%	0%	73.5%	0%	15%	5.2%	8.3%	7.94%	15%	10.8%	13.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	58.7	55.2	61.9	64.1	57.6	66.1	66.2	67.7	69.6	75.9	79.8
EPS (basic)	4.59	4.7	0.62	3.96	2.75	6.92	5.93	4.97	5.96	5.83	5.83
EPS (diluted)	4.49	4.6	0.6	3.89	2.71	6.85	5.88	4.94	5.93	5.82	5.77
Book value per share	35.9	59.1	81.3	78.1	85.2	81.8	88.7	90.1	89.3	88.3	89.6
FCF per share	8.77	8.33	7.63	8.79	9.93	11.9	5.82	7.39	10.6	9.29	9.21
Cash per share	8.97	64.9	4.48	2.1	10.2	7.93	3.56	4.97	7.46	2.26	2.6
Capex per share	—	—	—	—	—	—	—	—	—	2.64	2.65

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	3.48%	3.49%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	22.2%	22.3%
Payout ratio	57.6%	61.5%	298.1%	79.8%	117.4%	50.1%	60.8%	75.1%	64.5%	71.3%	72.5%
Dividend yield	1.92%	2.06%	—	1.88%	2.06%	1.92%	2.17%	1.91%	2%	2.83%	2.28%

Yield

2.28%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.05

ex-dividend Sep 9, 2026

Payout ratio

72%

of earnings

Dividend growth

20 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 9, 2026	$1.05
Jun 9, 2026	$1.05
Mar 10, 2026	$1.05

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$5.1B	$4.7B	$5B	$5B	$5.4B	$5.2B	$5.3B	$5.5B	$5.9B	$5.3B	$4.7B	$5B
YoY change	+6.85%	+2.62%	+4.65%	+2.3%	+6.88%	+9.82%	+4.5%	+10.4%	+8.35%	+1.63%	-10.6%	-9.55%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.9B	14.2B	1.2B	566M	2.8B	2.3B	1B	1.4B	2.2B	649M
Receivables	1.6B	1.7B	2.3B	2.3B	2.4B	2.4B	2.2B	2.5B	3B	3B
Inventory	1.7B	1.8B	2.5B	2.6B	2.7B	2.7B	3.2B	3.3B	3.8B	3.9B
Total current assets	6.4B	18.6B	7.4B	6.7B	9B	8.8B	8.1B	8.7B	10.5B	9.3B
Property, plant & equipment	1.5B	2.1B	2.6B	2.8B	2.8B	2.9B	2.8B	3B	3.1B	3.1B
Goodwill & intangibles	27.4B	26.9B	80.1B	76.7B	74.9B	73.3B	73.9B	70.9B	74.8B	72B
Total assets	25.6B	37.7B	53.9B	51.8B	54B	53.9B	52.9B	52.8B	57.3B	55.3B
Accounts payable	665M	797M	1.1B	1.1B	1.4B	1.7B	1.7B	1.6B	1.9B	2B
Short-term debt	1B	203M	2.6B	1.3B	706M	500M	2.2B	1.1B	2.2B	1.6B
Total current liabilities	4.4B	3.3B	7.2B	5.7B	5.8B	6.6B	7.8B	6.6B	9B	8.3B
Long-term debt	10.6B	18.7B	18.9B	18.1B	17.2B	17.1B	13.9B	14.7B	17.9B	17.6B
Total liabilities	18B	24.8B	32.9B	30.7B	30.2B	30.2B	27.7B	27B	31.4B	29.9B
Shareholders' equity	7.6B	12.9B	21B	21.1B	23.8B	23.7B	25.3B	25.8B	25.9B	25.4B
Total debt	11.6B	18.9B	21.5B	19.4B	17.9B	17.6B	16.1B	15.9B	20.1B	19.2B
Net debt	10B	4.7B	20.4B	18.9B	15.1B	15.3B	15.1B	14.5B	18.4B	18.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	1.4B	1.2B	3.2B	5.3B	2.2B	728M	683M	757M	649M	751M	816M	709M
Receivables	2.5B	2.3B	2.6B	2.6B	3B	2.6B	3B	2.9B	3B	2.5B	2.2B	2.4B
Inventory	3.3B	3.3B	3.2B	3.3B	3.8B	3.9B	3.7B	3.9B	3.9B	4.1B	3.4B	3.3B
Total current assets	8.7B	8.2B	10.3B	12.2B	10.5B	8.7B	8.7B	9B	9.3B	9.2B	8B	8.1B
Property, plant & equipment	3B	-7.3B	-7.3B	-7.4B	3.1B	-7.6B	-7.8B	-8B	3.1B	-8.3B	-7.5B	-7.5B
Goodwill & intangibles	70.9B	70.4B	69.7B	68.9B	74.8B	73.6B	73.2B	72.8B	72B	71.3B	68.6B	67.9B
Total assets	52.8B	52.3B	54.2B	55.6B	57.3B	54.7B	54.5B	54.9B	55.3B	54.8B	50.8B	50.7B
Accounts payable	1.6B	—	—	—	1.9B	—	—	—	2B	—	—	—
Short-term debt	1.1B	2B	2B	1.2B	2.2B	1.3B	1.6B	1.8B	1.6B	2.6B	2.6B	3.3B
Total current liabilities	6.6B	7.5B	7.3B	6.6B	9B	7.7B	7.7B	8.2B	8.3B	8.8B	8.5B	9.4B
Long-term debt	14.7B	14.1B	16B	18.1B	17.9B	17.4B	17.7B	17.5B	17.6B	16.9B	14.7B	13.5B
Total liabilities	27B	26.9B	28.5B	29.7B	31.4B	29.5B	29.2B	29.4B	29.9B	29.6B	26.7B	26.3B
Shareholders' equity	25.8B	25.3B	25.6B	25.9B	25.9B	25.2B	25.2B	25.5B	25.4B	25.3B	24.1B	24.4B
Total debt	15.9B	16.1B	18B	19.3B	20.1B	18.8B	19.3B	19.3B	19.2B	19.5B	17.3B	16.8B
Net debt	14.5B	14.9B	15.7B	14.9B	18.4B	18B	18.6B	18.6B	18.5B	18.8B	16.5B	16.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	976M	1.1B	311M	1.2B	352M	1.6B	1.6B	1.5B	1.7B	1.7B
Depreciation & amortization	1.1B	1.1B	2B	2.3B	2.1B	2.2B	2.2B	2.3B	2.3B	2.5B
Stock-based compensation	196M	174M	322M	261M	236M	229M	233M	259M	247M	258M
Change in working capital	360M	9M	943M	-670M	22M	516M	-1.1B	-822M	270M	-524M
Operating cash flow	2.6B	2.8B	3.4B	3.4B	2.7B	4.2B	3B	3B	3.9B	3.4B
Capital expenditure	—	—	—	—	—	—	—	—	—	-760M
Investing cash flow	24M	-143M	-14.8B	216M	-421M	-649M	-2.2B	158M	-4.8B	-1.2B
Dividends paid	-562M	-677M	-927M	-984M	-1B	-1B	-1.1B	-1.1B	-1.1B	-1.2B
Share repurchases	—	-220M	0	0	0	-1.8B	-500M	—	—	—
Financing cash flow	-1.8B	10.8B	-57M	-3.2B	22M	-3.3B	-736M	-2B	2.6B	-2.6B
Net change in cash	816M	13.4B	-11.5B	427M	2.3B	270M	-22M	1.2B	1.7B	-426M
Free cash flow	1.9B	1.8B	2B	2.4B	2.8B	3.5B	1.7B	2.1B	3.1B	2.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	154M	281M	537M	487M	400M	303M	308M	881M	493M	382M	-108M	451M
Depreciation & amortization	587M	561M	571M	568M	586M	607M	608M	702M	629M	614M	520M	563M
Stock-based compensation	58M	83M	60M	53M	51M	90M	59M	72M	55M	91M	58M	55M
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	1B	832M	1.1B	1B	673M	1.1B	941M	1.2B	1.4B	656M	600M	651M
Capital expenditure	—	—	—	—	—	—	—	-189M	-352M	-108M	-125M	-143M
Investing cash flow	431M	-117M	-107M	-109M	283M	309M	-65M	-377M	-508M	-183M	-139M	-245M
Dividends paid	-265M	-275M	-275M	-275M	-275M	-302M	-298M	-299M	-297M	-299M	-290M	-286M
Share repurchases	—	-500M	0	—	—	-750M	0	0	—	-250M	—	—
Financing cash flow	-998M	-862M	-267M	1.1B	124M	-1.9B	-39M	-842M	-559M	-301M	1.6B	-1.3B
Net change in cash	434M	-147M	709M	2B	1.1B	-554M	837M	1M	288M	172M	2B	-874M
Free cash flow	1B	725M	381M	1.1B	882M	588M	35M	1B	1B	548M	475M	508M

Date	Ratio
Feb 10, 2026	1272:1000
Apr 1, 2022	1025:1000
Aug 21, 1998	2:1
Aug 16, 1996	2:1
Mar 1, 1993	2:1
Mar 3, 1986	2:1

Becton, Dickinson and Company Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history