Abbott Laboratories (ABT) vs Boston Scientific Corporation (BSX)

Abbott Laboratories and Boston Scientific Corporation are both Medical Devices companies. Abbott Laboratories is the larger, with a market value of $174.8B against $64.7B — 2.7× the size. Boston Scientific Corporation trades at the lower P/E: 17.7× against 32.8×. Boston Scientific Corporation grew revenue faster over the last twelve months: 13.5% against 8.06%. Boston Scientific Corporation has the higher net margin (17.5% vs 11.7%) and the higher return on invested capital (6.96% vs 5.83%). Across the 22 metrics below, Boston Scientific Corporation leads on 19 and Abbott Laboratories on 3.

Valuation

Metric ABT BSX Medical Devices median
P/E 32.78 17.71 22.18
P/S 3.78 3.08 2.70
P/B 3.41 2.57 2.46
Price to free cash flow 22.53 17.81 22.53
EV/EBITDA 18.84 13.78 11.78
EV/Sales 4.36 3.65 2.38
Earnings yield 3.05% 5.65% (8.22%)
Free cash flow yield 4.44% 5.61% (7.80%)

Profitability

Metric ABT BSX Medical Devices median
Gross margin 56.61% 69.92% 56.01%
Operating margin 15.77% 19.76% (15.03%)
Net margin 11.65% 17.50% (20.40%)
Free cash flow margin 16.80% 17.27% (7.24%)
Return on equity 10.58% 15.37% (15.32%)
Return on assets 5.62% 8.47% (19.72%)
Return on invested capital 5.83% 6.96% (10.33%)

Growth

Metric ABT BSX Medical Devices median
Revenue growth (TTM) 8.06% 13.52% 8.80%
EPS growth (last fiscal year) (51.31%) 55.20% —
Revenue growth, 5-year CAGR 5.08% 15.16% 15.23%
Net income growth, 5-year CAGR 7.74% 0.00% 0.00%

Health

Metric ABT BSX Medical Devices median
Debt to equity 0.63 0.50 0.07
Current ratio 1.38 1.24 2.50
Net debt to EBITDA 0.36 1.88 0.49

Dividend

Metric ABT BSX Medical Devices median
Dividend yield 1.88% — 0.94%
Payout ratio 0.67 0.00 0.00

Size

Metric ABT BSX Medical Devices median
Market cap 174.77b 64.65b 172.91m

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