Boston Scientific Corporation (BSX) vs GE HealthCare Technologies Inc. (GEHC)

Boston Scientific Corporation and GE HealthCare Technologies Inc. are both Medical Devices companies. Boston Scientific Corporation is the larger, with a market value of $64.7B against $29.9B — 2.2× the size. GE HealthCare Technologies Inc. trades at the lower P/E: 15.3× against 17.7×. Boston Scientific Corporation grew revenue faster over the last twelve months: 13.5% against 6.51%. Boston Scientific Corporation has the higher net margin (17.5% vs 9.33%) and the lower return on invested capital (6.96% vs 8.37%). Across the 22 metrics below, Boston Scientific Corporation leads on 14 and GE HealthCare Technologies Inc. on 8.

Valuation

Metric BSX GEHC Medical Devices median
P/E 17.71 15.28 22.18
P/S 3.08 1.42 2.70
P/B 2.57 2.75 2.46
Price to free cash flow 17.81 19.12 22.53
EV/EBITDA 13.78 11.85 11.78
EV/Sales 3.65 1.86 2.38
Earnings yield 5.65% 6.54% (8.22%)
Free cash flow yield 5.61% 5.23% (7.80%)

Profitability

Metric BSX GEHC Medical Devices median
Gross margin 69.92% 39.54% 56.01%
Operating margin 19.76% 12.86% (15.03%)
Net margin 17.50% 9.33% (20.40%)
Free cash flow margin 17.27% 7.42% (7.24%)
Return on equity 15.37% 19.15% (15.32%)
Return on assets 8.47% 5.45% (19.72%)
Return on invested capital 6.96% 8.37% (10.33%)

Growth

Metric BSX GEHC Medical Devices median
Revenue growth (TTM) 13.52% 6.51% 8.80%
EPS growth (last fiscal year) 55.20% 4.84% —
Revenue growth, 5-year CAGR 15.16% 3.74% 15.23%
Net income growth, 5-year CAGR 0.00% (31.53%) 0.00%

Health

Metric BSX GEHC Medical Devices median
Debt to equity 0.50 1.05 0.07
Current ratio 1.24 1.26 2.50
Net debt to EBITDA 1.88 2.14 0.49

Dividend

Metric BSX GEHC Medical Devices median
Dividend yield — 0.13% 0.94%
Payout ratio 0.00 — 0.00

Size

Metric BSX GEHC Medical Devices median
Market cap 64.65b 29.86b 172.91m

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