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 $151.2B against $52.8B — 2.9× the size. Intuitive Surgical, Inc. trades at the lower P/E: 48.3× against 57.8×. 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 57.76 48.27 33.75
P/S 2.35 13.69 2.52
P/B 2.16 8.26 2.48
Price to free cash flow 16.45 46.23 25.19
EV/EBITDA 13.72 34.29 14.62
EV/Sales 2.91 13.22 2.88
Earnings yield 1.73% 2.07% (2.67%)
Free cash flow yield 6.08% 2.16% 0.09%

Profitability

Metric BDX ISRG Medical Instruments & Supplies median
Gross margin 46.73% 66.68% 54.29%
Operating margin 10.30% 31.28% 1.07%
Net margin 4.20% 28.45% (1.61%)
Free cash flow margin 14.29% 29.62% 1.08%
Return on equity 3.77% 17.32% (1.32%)
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% 8.85%
EPS growth (last fiscal year) (1.85%) 22.59% 8.65%
Revenue growth, 5-year CAGR 6.32% 18.22% 9.17%
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 4.96 2.48
Net debt to EBITDA 3.33 (1.64) 0.89

Dividend

Metric BDX ISRG Medical Instruments & Supplies median
Dividend yield 2.07% — 1.11%
Payout ratio 1.20 — 0.27

Size

Metric BDX ISRG Medical Instruments & Supplies median
Market cap 52.78b 151.15b 619.84m

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