Becton, Dickinson and Company

BDX Healthcare Medical Instruments & Supplies

In the quarter to June 2026, revenue grew 5.44%, EPS fell 31.5%, free cash flow fell 31.6% and total debt fell 22.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for three.

191.75 2.01 −1.04%
Market cap
$52.8B
P/E
57.8×
Fwd P/E
37.7×
Dividend yield
2.07%
F-score
7/9
Altman Z
1.84
Beneish M
−2.64
Dividend safety
67/100

Becton, Dickinson and Company (BDX) Gross margin

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Becton, Dickinson and Company's gross margin over the twelve months to 30 June 2026 was 46.7%, up 1.3 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 54.3% and below the Healthcare sector median of 53.5%.

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% (2.23)
Sep 2025 48.1% 0.85
42 more quarters

Against its own ten years

Low 42.2% High 49.3%
Ten-year median 45.4%
Current reading's percentile 71

Gross margin against peers

Company Gross margin
ISRG Intuitive Surgical, Inc. compare 66.7%
RMD ResMed Inc. compare 61.1%
ALC Alcon compare 56.9%
SOLV Solventum Corporation compare 54.7%
RGEN Repligen Corporation compare 53.5%
BDX Becton, Dickinson and Company 46.7%
MDLN Medline Inc. compare 46.3%
WST West Pharmaceutical Services, Inc. compare 36.8%
BAX Baxter International Inc. compare 30.1%
Medical Instruments & Supplies industry median 54.3%
Healthcare sector median 53.5%
Market median 46.2%

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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