Boston Scientific Corporation (BSX) vs DexCom, Inc. (DXCM)

Boston Scientific Corporation and DexCom, Inc. are both Medical Devices companies. Boston Scientific Corporation is the larger, with a market value of $64.7B against $33.0B — 2.0× the size. Boston Scientific Corporation trades at the lower P/E: 17.7× against 33.4×. DexCom, Inc. grew revenue faster over the last twelve months: 15.5% against 13.5%. DexCom, Inc. has the higher net margin (20.1% vs 17.5%) and the higher return on invested capital (37.1% vs 6.96%). Across the 22 metrics below, DexCom, Inc. leads on 12 and Boston Scientific Corporation on 10.

Valuation

Metric BSX DXCM Medical Devices median
P/E 17.71 33.44 22.18
P/S 3.08 6.66 2.70
P/B 2.57 12.63 2.46
Price to free cash flow 17.81 23.56 22.53
EV/EBITDA 13.78 23.19 11.78
EV/Sales 3.65 6.55 2.38
Earnings yield 5.65% 2.99% (8.22%)
Free cash flow yield 5.61% 4.24% (7.80%)

Profitability

Metric BSX DXCM Medical Devices median
Gross margin 69.92% 62.47% 56.01%
Operating margin 19.76% 22.92% (15.03%)
Net margin 17.50% 20.12% (20.40%)
Free cash flow margin 17.27% 28.27% (7.24%)
Return on equity 15.37% 38.49% (15.32%)
Return on assets 8.47% 14.51% (19.72%)
Return on invested capital 6.96% 37.13% (10.33%)

Growth

Metric BSX DXCM Medical Devices median
Revenue growth (TTM) 13.52% 15.54% 8.80%
EPS growth (last fiscal year) 55.20% 47.18% —
Revenue growth, 5-year CAGR 15.16% 19.33% 15.23%
Net income growth, 5-year CAGR 0.00% 8.75% 0.00%

Health

Metric BSX DXCM Medical Devices median
Debt to equity 0.50 0.47 0.07
Current ratio 1.24 1.73 2.50
Net debt to EBITDA 1.88 (0.65) 0.49

Dividend

Metric BSX DXCM Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric BSX DXCM Medical Devices median
Market cap 64.65b 32.98b 172.91m

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