Becton, Dickinson and Company (BDX) vs Solventum Corporation (SOLV)

Becton, Dickinson and Company and Solventum Corporation are both Medical Instruments & Supplies companies. Becton, Dickinson and Company is the larger, with a market value of $58.2B against $14.8B — 3.9× the size. Becton, Dickinson and Company trades at the lower P/E: 64.1× against 97.3×. Becton, Dickinson and Company grew revenue faster over the last twelve months: −2.55% against −2.84%. Becton, Dickinson and Company has the higher net margin (4.52% vs 1.91%) and the higher return on invested capital (3.89% vs 0.00%). Across the 19 metrics below, Becton, Dickinson and Company leads on 12 and Solventum Corporation on 7.

Valuation

Metric BDX SOLV Medical Instruments & Supplies median
P/E 64.14 97.26 30.28
P/S 2.81 1.81 2.49
P/B 2.40 3.08 2.34
Price to free cash flow 18.27 n/m 23.49
EV/EBITDA 14.95 7.60 14.87
EV/Sales 3.41 2.40 2.75
Earnings yield 1.56% 1.03% 0.00%
Free cash flow yield 5.47% 0.00% 0.59%

Profitability

Metric BDX SOLV Medical Instruments & Supplies median
Gross margin 50.26% 0.00% 53.60%
Operating margin 11.07% 0.00% 1.97%
Net margin 4.52% 1.91% 0.00%
Free cash flow margin 15.37% 0.00% 2.36%
Return on equity 3.77% 3.19% 0.00%
Return on assets 1.78% 1.11% 0.00%
Return on invested capital 3.89% 0.00% 0.13%

Growth

Metric BDX SOLV Medical Instruments & Supplies median
Revenue growth (TTM) (2.55%) (2.84%) 8.97%
EPS growth (last fiscal year) (1.85%) 221.74% 6.51%
Revenue growth, 5-year CAGR 6.32% — 8.85%
Net income growth, 5-year CAGR 16.95% — 0.00%

Health

Metric BDX SOLV Medical Instruments & Supplies median
Debt to equity 0.55 0.11 0.10
Current ratio 0.87 1.03 2.47
Net debt to EBITDA 3.33 1.56 0.97

Dividend

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

Size

Metric BDX SOLV Medical Instruments & Supplies median
Market cap 58.17b 14.84b 1.71b

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