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) Operating margin

Alert me on Operating margin

Becton, Dickinson and Company's operating margin over the twelve months to 30 June 2026 was 10.3%, down 1.5 percentage points from fiscal 2025 (11.8%). Over the past ten years it has ranged from 5.67% (fiscal 2020) to 12.6% (fiscal 2017); the current reading is higher than 73% of that period. That is above the Medical Instruments & Supplies industry median of 1.07% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 11.8% (0.08)
FY2024 11.9% 0.98
FY2023 10.9% (1.20)
FY2022 12.1% 0.33
FY2021 11.8% 6.10
FY2020 5.67% (4.51)
FY2019 10.2% 0.74
FY2018 9.44% (3.15)
FY2017 12.6% 1.13
FY2016 11.5% 1.01

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 13.3% 11.34
Mar 2026 1.97% (8.52)
Dec 2025 10.5% (2.92)
Sep 2025 13.4% (2.23)
42 more quarters

Against its own ten years

Low 5.67% High 12.6%
Ten-year median 11.5%
Current reading's percentile 48

Operating margin against peers

Company Operating margin
RMD ResMed Inc. compare 33.4%
ISRG Intuitive Surgical, Inc. compare 31.3%
MDLN Medline Inc. compare 31.1%
SOLV Solventum Corporation compare 25.0%
WST West Pharmaceutical Services, Inc. compare 20.5%
BDX Becton, Dickinson and Company 10.3%
ALC Alcon compare 8.73%
RGEN Repligen Corporation compare 8.23%
BAX Baxter International Inc. compare −2.39%
Medical Instruments & Supplies industry median 1.07%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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