Becton, Dickinson and Company (BDX) vs Intuitive Surgical, Inc. (ISRG)

Becton, Dickinson and Company and Intuitive Surgical, Inc. are both Medical Instruments & Supplies companies. Intuitive Surgical, Inc. is the larger, with a market value of $140.7B against $48.8B — 2.9× the size. Intuitive Surgical, Inc. trades at the lower P/E: 45.8× against 55.4×. Intuitive Surgical, Inc. grew revenue faster over the last twelve months: 20.7% against 13.1%. Intuitive Surgical, Inc. has the higher net margin (28.5% vs 4.20%) and the higher return on invested capital (16.5% vs 3.89%). Across the 22 metrics below, Intuitive Surgical, Inc. leads on 16 and Becton, Dickinson and Company on 6.

Valuation

Metric BDX ISRG Medical Instruments & Supplies median
P/E 55.37 45.83 34.17
P/S 2.25 13.00 2.83
P/B 2.07 7.84 2.82
Price to free cash flow 15.77 43.89 25.69
EV/EBITDA 13.27 32.50 16.08
EV/Sales 2.82 12.53 3.06
Earnings yield 1.81% 2.18% (1.84%)
Free cash flow yield 6.34% 2.28% 0.17%

Profitability

Metric BDX ISRG Medical Instruments & Supplies median
Gross margin 46.73% 66.68% 54.62%
Operating margin 10.30% 31.28% 1.64%
Net margin 4.20% 28.45% 0.00%
Free cash flow margin 14.29% 29.62% 1.61%
Return on equity 3.77% 17.32% 0.00%
Return on assets 1.78% 15.30% 0.00%
Return on invested capital 3.89% 16.49% 0.00%

Growth

Metric BDX ISRG Medical Instruments & Supplies median
Revenue growth (TTM) 13.14% 20.66% 9.20%
EPS growth (last fiscal year) (1.85%) 22.59% —
Revenue growth, 5-year CAGR 6.32% 18.22% 9.48%
Net income growth, 5-year CAGR 16.95% 21.91% 0.00%

Health

Metric BDX ISRG Medical Instruments & Supplies median
Debt to equity 0.55 0.00 0.08
Current ratio 0.87 4.96 2.49
Net debt to EBITDA 3.33 (1.64) 0.83

Dividend

Metric BDX ISRG Medical Instruments & Supplies median
Dividend yield 1.56% — 0.99%
Payout ratio 0.65 0.00 0.00

Size

Metric BDX ISRG Medical Instruments & Supplies median
Market cap 48.82b 140.68b 938.39m

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