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) Return on invested capital
Boston Scientific Corporation's return on invested capital over the twelve months to 30 June 2026 was 6.96%, up 0.3 percentage points from fiscal 2025 (6.65%). Over the past ten years it has ranged from −1.51% (fiscal 2015) to 6.65% (fiscal 2025) — the current reading is the highest in ten years. That is above the Medical Devices industry median of −10.3% and above the Healthcare sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 6.65% | 1.61 |
| FY2024 | 5.04% | (0.23) |
| FY2023 | 5.27% | 1.25 |
| FY2022 | 4.02% | 0.87 |
| FY2021 | 3.15% | 3.37 |
| FY2020 | −0.22% | (4.23) |
| FY2019 | 4.01% | (2.01) |
| FY2018 | 6.02% | (0.44) |
| FY2017 | 6.46% | 4.14 |
| FY2016 | 2.32% | 3.83 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| DXCM DexCom, Inc. compare | 37.1% |
| EW Edwards Lifesciences Corporation compare | 12.8% |
| SYK Stryker Corporation compare | 9.76% |
| GEHC GE HealthCare Technologies Inc. compare | 8.37% |
| STE STERIS plc compare | 8.27% |
| BSX Boston Scientific Corporation | 6.96% |
| PHG Koninklijke Philips N.V. compare | 6.69% |
| MDT Medtronic PLC compare | 6.04% |
| ABT Abbott Laboratories compare | 5.83% |
| Medical Devices industry median | −10.3% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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