Boston Scientific Corporation

BSX Healthcare Medical Devices

Boston Scientific Corporation’s revenue for fiscal 2025 (year ended December 2025) was $20.1 billion, up 19.9% from fiscal 2024.

Revenue
+1.44%
EPS
−21.6%
Free cash flow
−25.3%
Total debt
+3.04%

Quarter to September 2026, against a year earlier

42.90 1.74 −3.90%
Market cap
$64.7B
P/E
18.7×
Fwd P/E
17.0×
Dividend yield
—
F-score
7/9
Altman Z
5.41
Beneish M
−2.49
Dividend safety
n/a

Boston Scientific Corporation (BSX) Operating margin

Alert me on Operating margin

Boston Scientific Corporation's operating margin over the twelve months to 30 September 2026 was 18.7%, up 0.7 percentage points from fiscal 2025 (18.0%). Over the past ten years it has ranged from −3.78% (fiscal 2015) to 18.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Medical Devices industry median of −15.1% 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 18.0% 2.43
FY2024 15.6% (0.89)
FY2023 16.5% 3.46
FY2022 13.0% 2.91
FY2021 10.1% 10.88
FY2020 −0.80% (14.93)
FY2019 14.1% (1.20)
FY2018 15.3% 1.13
FY2017 14.2% 8.87
FY2016 5.33% 9.11

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 16.1% (5.53)
Jun 2026 21.7% 0.53
Mar 2026 21.1% 5.53
Dec 2025 15.6% (5.08)
43 more quarters

Against its own ten years

Low −3.78% High 18.0%
Ten-year median 14.1%
Current reading's percentile 98

Operating margin against peers

Company Operating margin
DXCM DexCom, Inc. compare 24.0%
EW Edwards Lifesciences Corporation compare 21.6%
SYK Stryker Corporation compare 20.7%
STE STERIS plc compare 19.0%
BSX Boston Scientific Corporation 18.7%
MDT Medtronic PLC compare 18.1%
ABT Abbott Laboratories compare 13.8%
GEHC GE HealthCare Technologies Inc. compare 13.3%
PHG Koninklijke Philips N.V. compare 8.68%
Medical Devices industry median −15.1%
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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