Becton, Dickinson and Company (BDX) vs Medline Inc. (MDLN)

Becton, Dickinson and Company and Medline Inc. are both Medical Instruments & Supplies companies. Becton, Dickinson and Company is the larger, with a market value of $58.2B against $52.3B — 1.1× the size. Medline Inc. trades at the lower P/E: 58.4× against 64.1×. Becton, Dickinson and Company has the higher net margin (4.52% vs 1.84%) and the lower return on invested capital (3.89% vs 17.8%). Across the 18 metrics below, Medline Inc. leads on 12 and Becton, Dickinson and Company on 6.

Valuation

Metric BDX MDLN Medical Instruments & Supplies median
P/E 64.14 58.36 30.28
P/S 2.81 1.14 2.49
P/B 2.40 1.81 2.34
Price to free cash flow 18.27 11.29 23.49
EV/EBITDA 14.95 4.47 14.87
EV/Sales 3.41 1.46 2.75
Earnings yield 1.56% 1.71% 0.00%
Free cash flow yield 5.47% 8.85% 0.59%

Profitability

Metric BDX MDLN Medical Instruments & Supplies median
Gross margin 50.26% 44.88% 53.60%
Operating margin 11.07% 29.67% 1.97%
Net margin 4.52% 1.84% 0.00%
Free cash flow margin 15.37% 10.11% 2.36%
Return on equity 3.77% 3.18% 0.00%
Return on assets 1.78% 1.49% 0.00%
Return on invested capital 3.89% 17.80% 0.13%

Growth

Metric BDX MDLN Medical Instruments & Supplies median
Revenue growth (TTM) (2.55%) — 8.97%
EPS growth (last fiscal year) (1.85%) — 6.51%
Revenue growth, 5-year CAGR 6.32% — 8.85%
Net income growth, 5-year CAGR 16.95% — 0.00%

Health

Metric BDX MDLN Medical Instruments & Supplies median
Debt to equity 0.55 0.65 0.10
Current ratio 0.87 4.04 2.47
Net debt to EBITDA 3.33 3.24 0.97

Dividend

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

Size

Metric BDX MDLN Medical Instruments & Supplies median
Market cap 58.17b 52.26b 1.71b

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