Becton, Dickinson and Company

BDX Healthcare Medical Instruments & Supplies

Becton, Dickinson and Company’s revenue for fiscal 2025 (year ended September 2025) was $21.8 billion, up 8.24% from fiscal 2024.

Revenue
−9.55%
EPS
−31.5%
Free cash flow
−31.6%
Total debt
−22.9%

Quarter to June 2026, against a year earlier

212.28 1.27 −0.59%
Market cap
$58.2B
P/E
64.1×
Fwd P/E
39.2×
Dividend yield
1.87%
F-score
7/9
Altman Z
1.85
Beneish M
−2.64
Dividend safety
67/100

Becton, Dickinson and Company (BDX) Gross margin

Alert me on Gross margin

Becton, Dickinson and Company's gross margin over the twelve months to 30 June 2026 was 50.3%, up 4.8 percentage points from fiscal 2025 (45.4%). Over the past ten years it has ranged from 42.2% (fiscal 2023) to 49.3% (fiscal 2017); the current reading is higher than 55% of that period. That is below the Medical Instruments & Supplies industry median of 53.6% and below the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 45.4% 0.22
FY2024 45.2% 3.05
FY2023 42.2% (2.75)
FY2022 44.9% (0.20)
FY2021 45.1% 2.83
FY2020 42.3% (5.65)
FY2019 47.9% 2.46
FY2018 45.5% (3.85)
FY2017 49.3% 1.34
FY2016 48.0% 2.33

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 46.5% 0.77
Mar 2026 45.7% (0.22)
Dec 2025 45.9% (15.10)
Sep 2025 61.0% 20.44
42 more quarters

Against its own ten years

Low 42.2% High 49.3%
Ten-year median 45.4%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
ISRG Intuitive Surgical, Inc. compare 67.2%
COO The Cooper Companies, Inc. compare 65.9%
RMD ResMed Inc. compare 61.1%
ALC Alcon compare 56.9%
BDX Becton, Dickinson and Company 50.3%
MDLN Medline Inc. compare 44.9%
WST West Pharmaceutical Services, Inc. compare 37.6%
BAX Baxter International Inc. compare 30.1%
SOLV Solventum Corporation compare 0.00%
Medical Instruments & Supplies industry median 53.6%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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