Boston Scientific Corporation (BSX) vs Medtronic PLC (MDT)

Boston Scientific Corporation and Medtronic PLC are both Medical Devices companies. Medtronic PLC is the larger, with a market value of $134.1B against $64.7B — 2.1× the size. Boston Scientific Corporation trades at the lower P/E: 18.7× against 25.6×. Medtronic PLC grew revenue faster over the last twelve months: 9.77% against 8.87%. Boston Scientific Corporation has the higher net margin (16.6% vs 13.9%) and the higher return on invested capital (6.60% vs 6.04%). Across the 22 metrics below, Boston Scientific Corporation leads on 18 and Medtronic PLC on 4.

Valuation

Metric BSX MDT Medical Devices median
P/E 18.72 25.62 25.58
P/S 3.05 3.56 2.54
P/B 2.48 2.63 2.48
Price to free cash flow 19.29 21.81 28.81
EV/EBITDA 14.00 15.74 11.51
EV/Sales 3.59 4.08 2.72
Earnings yield 5.34% 3.90% (12.82%)
Free cash flow yield 5.18% 4.58% (8.18%)

Profitability

Metric BSX MDT Medical Devices median
Gross margin 69.14% 65.01% 57.76%
Operating margin 18.65% 18.08% (15.07%)
Net margin 16.62% 13.93% (14.45%)
Free cash flow margin 15.81% 16.33% (3.88%)
Return on equity 14.15% 10.57% (10.35%)
Return on assets 7.94% 5.68% (17.26%)
Return on invested capital 6.60% 6.04% (5.27%)

Growth

Metric BSX MDT Medical Devices median
Revenue growth (TTM) 8.87% 9.77% 10.41%
EPS growth (last fiscal year) 55.20% 3.32% 28.17%
Revenue growth, 5-year CAGR 15.16% 3.84% 15.74%
Net income growth, 5-year CAGR 0.00% 5.89% 0.00%

Health

Metric BSX MDT Medical Devices median
Debt to equity 0.46 0.55 0.04
Current ratio 1.36 2.07 2.74
Net debt to EBITDA 1.88 1.99 0.54

Dividend

Metric BSX MDT Medical Devices median
Dividend yield — 2.74% 1.02%
Payout ratio — 0.70 0.37

Size

Metric BSX MDT Medical Devices median
Market cap 64.70b 134.11b 239.53m

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