Becton, Dickinson and Company (BDX) vs West Pharmaceutical Services, Inc. (WST)

Becton, Dickinson and Company and West Pharmaceutical Services, Inc. are both Medical Instruments & Supplies companies. Becton, Dickinson and Company is the larger, with a market value of $48.8B against $26.3B — 1.9× the size. West Pharmaceutical Services, Inc. trades at the lower P/E: 47.1× against 55.4×. Becton, Dickinson and Company grew revenue faster over the last twelve months: 13.1% against 12.4%. West Pharmaceutical Services, Inc. has the higher net margin (17.0% vs 4.20%) and the higher return on invested capital (15.4% vs 3.89%). Both pay a dividend; Becton, Dickinson and Company yields more (1.56% vs 0.14%). Across the 23 metrics below, West Pharmaceutical Services, Inc. leads on 12 and Becton, Dickinson and Company on 11.

Valuation

Metric BDX WST Medical Instruments & Supplies median
P/E 55.37 47.07 34.17
P/S 2.25 7.88 2.83
P/B 2.07 8.77 2.82
Price to free cash flow 15.77 60.56 25.69
EV/EBITDA 13.27 30.16 16.08
EV/Sales 2.82 7.81 3.06
Earnings yield 1.81% 2.12% (1.84%)
Free cash flow yield 6.34% 1.65% 0.17%

Profitability

Metric BDX WST Medical Instruments & Supplies median
Gross margin 46.73% 36.79% 54.62%
Operating margin 10.30% 20.45% 1.64%
Net margin 4.20% 16.98% 0.00%
Free cash flow margin 14.29% 13.13% 1.61%
Return on equity 3.77% 19.09% 0.00%
Return on assets 1.78% 14.07% 0.00%
Return on invested capital 3.89% 15.42% 0.00%

Growth

Metric BDX WST Medical Instruments & Supplies median
Revenue growth (TTM) 13.14% 12.38% 9.20%
EPS growth (last fiscal year) (1.85%) 1.49% —
Revenue growth, 5-year CAGR 6.32% 7.44% 9.48%
Net income growth, 5-year CAGR 16.95% 7.36% 0.00%

Health

Metric BDX WST Medical Instruments & Supplies median
Debt to equity 0.55 0.07 0.08
Current ratio 0.87 2.82 2.49
Net debt to EBITDA 3.33 (0.78) 0.83

Dividend

Metric BDX WST Medical Instruments & Supplies median
Dividend yield 1.56% 0.14% 0.99%
Payout ratio 0.65 0.11 0.00

Size

Metric BDX WST Medical Instruments & Supplies median
Market cap 48.82b 26.29b 938.39m

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