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 $162.4B against $58.2B — 2.8× the size. Intuitive Surgical, Inc. trades at the lower P/E: 55.7× against 64.1×. Intuitive Surgical, Inc. grew revenue faster over the last twelve months: 20.5% against −2.55%. Intuitive Surgical, Inc. has the higher net margin (25.5% vs 4.52%) and the higher return on invested capital (17.0% 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 64.14 55.70 30.28
P/S 2.81 14.04 2.49
P/B 2.40 10.08 2.34
Price to free cash flow 18.27 44.60 23.49
EV/EBITDA 14.95 38.32 14.87
EV/Sales 3.41 13.69 2.75
Earnings yield 1.56% 1.80% 0.00%
Free cash flow yield 5.47% 2.24% 0.59%

Profitability

Metric BDX ISRG Medical Instruments & Supplies median
Gross margin 50.26% 67.19% 53.60%
Operating margin 11.07% 28.37% 1.97%
Net margin 4.52% 25.54% 0.00%
Free cash flow margin 15.37% 31.47% 2.36%
Return on equity 3.77% 17.84% 0.00%
Return on assets 1.78% 15.28% 0.00%
Return on invested capital 3.89% 17.00% 0.13%

Growth

Metric BDX ISRG Medical Instruments & Supplies median
Revenue growth (TTM) (2.55%) 20.45% 8.97%
EPS growth (last fiscal year) (1.85%) 22.59% 6.51%
Revenue growth, 5-year CAGR 6.32% 18.22% 8.85%
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 0.10
Current ratio 0.87 3.33 2.47
Net debt to EBITDA 3.33 (1.64) 0.97

Dividend

Metric BDX ISRG Medical Instruments & Supplies median
Dividend yield 1.87% — 1.02%
Payout ratio 1.20 — 0.27

Size

Metric BDX ISRG Medical Instruments & Supplies median
Market cap 58.17b 162.41b 1.71b

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