Becton, Dickinson and Company (BDX) vs ResMed Inc. (RMD)

Becton, Dickinson and Company and ResMed Inc. are both Medical Instruments & Supplies companies. Becton, Dickinson and Company is the larger, with a market value of $52.8B against $34.1B — 1.5× the size. ResMed Inc. trades at the lower P/E: 22.8× against 57.8×. Becton, Dickinson and Company grew revenue faster over the last twelve months: 13.1% against 9.85%. ResMed Inc. has the higher net margin (26.9% vs 4.20%) and the higher return on invested capital (21.4% vs 3.89%). Both pay a dividend; Becton, Dickinson and Company yields more (2.07% vs 1.03%). Across the 23 metrics below, ResMed Inc. leads on 15 and Becton, Dickinson and Company on 8.

Valuation

Metric BDX RMD Medical Instruments & Supplies median
P/E 57.76 22.85 33.75
P/S 2.35 6.15 2.52
P/B 2.16 5.28 2.48
Price to free cash flow 16.45 21.35 25.19
EV/EBITDA 13.72 15.82 14.62
EV/Sales 2.91 5.96 2.88
Earnings yield 1.73% 4.38% (2.67%)
Free cash flow yield 6.08% 4.68% 0.09%

Profitability

Metric BDX RMD Medical Instruments & Supplies median
Gross margin 46.73% 61.06% 54.29%
Operating margin 10.30% 33.37% 1.07%
Net margin 4.20% 26.94% (1.61%)
Free cash flow margin 14.29% 28.81% 1.08%
Return on equity 3.77% 24.27% (1.32%)
Return on assets 1.78% 17.77% 0.00%
Return on invested capital 3.89% 21.38% 0.00%

Growth

Metric BDX RMD Medical Instruments & Supplies median
Revenue growth (TTM) 13.14% 9.85% 8.85%
EPS growth (last fiscal year) (1.85%) 9.67% 8.65%
Revenue growth, 5-year CAGR 6.32% 12.08% 9.17%
Net income growth, 5-year CAGR 16.95% 26.27% 0.00%

Health

Metric BDX RMD Medical Instruments & Supplies median
Debt to equity 0.55 0.06 0.10
Current ratio 0.87 3.10 2.48
Net debt to EBITDA 3.33 (0.50) 0.89

Dividend

Metric BDX RMD Medical Instruments & Supplies median
Dividend yield 2.07% 1.03% 1.11%
Payout ratio 1.20 0.24 0.27

Size

Metric BDX RMD Medical Instruments & Supplies median
Market cap 52.78b 34.07b 619.84m

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