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. In the quarter to June 2026, revenue grew 7.53%, EPS grew 14.8%, free cash flow grew 13.3% and total debt rose 8.95%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
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Boston Scientific Corporation (BSX) Operating margin
Boston Scientific Corporation's operating margin over the twelve months to 30 June 2026 was 19.8%, up 1.8 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 −15.0% 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) |
|---|---|---|
| Jun 2026 | 21.7% | 0.53 |
| Mar 2026 | 21.1% | 5.53 |
| Dec 2025 | 15.6% | (5.08) |
| Sep 2025 | 20.7% | 4.49 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| DXCM DexCom, Inc. compare | 22.9% |
| EW Edwards Lifesciences Corporation compare | 22.3% |
| SYK Stryker Corporation compare | 21.4% |
| BSX Boston Scientific Corporation | 19.8% |
| STE STERIS plc compare | 18.9% |
| MDT Medtronic PLC compare | 18.1% |
| ABT Abbott Laboratories compare | 15.8% |
| GEHC GE HealthCare Technologies Inc. compare | 12.9% |
| PHG Koninklijke Philips N.V. compare | 9.64% |
| Medical Devices industry median | −15.0% |
| 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
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- Revenue
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- EPS (diluted)
- EBITDA
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- Net margin
- Free cash flow margin
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- EV/EBITDA
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