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Stocks · Health care · Surgical & Medical Instruments & Apparatus

Becton Dickinson

BDX Clue Score44
United States Fiscal year ends September CIK 0000010795
$183.75 +0.55% Close, 9 Oct 2026
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Price $183.75 −22.08% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue12.09Operating income1.52Net income1.10EPS, diluted4.60Fiscal year 2018Revenue15.98 +32.2%Operating income1.51Net income0.31 −71.7%EPS, diluted0.60 −87.0%Fiscal year 2019Revenue17.29 +8.2%Operating income1.76Net income1.23 +296.5%EPS, diluted3.94 +556.7%Fiscal year 2020Revenue16.07 −7.0%Operating income0.91Net income0.87 −29.1%EPS, diluted2.71 −31.2%Fiscal year 2021Revenue19.13 +19.0%Operating income2.25Net income2.09 +139.4%EPS, diluted6.85 +152.8%Fiscal year 2022Revenue18.87 −1.4%Operating income2.28Net income1.78 −15.0%EPS, diluted5.88 −14.2%Fiscal year 2023Revenue19.37 +2.7%Operating income2.11Net income1.48 −16.6%EPS, diluted4.94 −16.0%Fiscal year 2024Revenue20.18 +4.2%Operating income2.40Net income1.71 +14.9%EPS, diluted5.86 +18.6%Fiscal year 2025Revenue21.84 +8.2%Operating income2.58Net income1.68 −1.6%EPS, diluted5.82 −0.7%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 12.09 15.98 17.29 16.07 19.13 18.87 19.37 20.18 21.84
Growth +32.2% +8.2% −7.0% +19.0% −1.4% +2.7% +4.2% +8.2%
Operating income 1.52 1.51 1.76 0.91 2.25 2.28 2.11 2.40 2.58
Net income 1.10 0.31 1.23 0.87 2.09 1.78 1.48 1.71 1.68
Growth −71.7% +296.5% −29.1% +139.4% −15.0% −16.6% +14.9% −1.6%
EPS, diluted 4.60 0.60 3.94 2.71 6.85 5.88 4.94 5.86 5.82
Growth −87.0% +556.7% −31.2% +152.8% −14.2% −16.0% +18.6% −0.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin49.1%Operating margin12.6%Net margin9.1%Free cash flow margin15.1%Fiscal year 2018Gross margin45.5%Operating margin9.4%Net margin1.9%Free cash flow margin12.3%Fiscal year 2019Gross margin47.9%Operating margin10.2%Net margin7.1%Free cash flow margin13.7%Fiscal year 2020Gross margin47.1%Operating margin5.7%Net margin5.4%Free cash flow margin17.2%Fiscal year 2021Operating margin11.8%Net margin10.9%Free cash flow margin18.0%Fiscal year 2022Operating margin12.1%Net margin9.4%Free cash flow margin7.9%Fiscal year 2023Operating margin10.9%Net margin7.7%Free cash flow margin10.9%Fiscal year 2024Operating margin11.9%Net margin8.4%Free cash flow margin15.5%Fiscal year 2025Operating margin11.8%Net margin7.7%Free cash flow margin12.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 49.1% 45.5% 47.9% 47.1% n/a n/a n/a n/a n/a
Operating margin 12.6% 9.4% 10.2% 5.7% 11.8% 12.1% 10.9% 11.9% 11.8%
Net margin 9.1% 1.9% 7.1% 5.4% 10.9% 9.4% 7.7% 8.4% 7.7%
Free cash flow margin 15.1% 12.3% 13.7% 17.2% 18.0% 7.9% 10.9% 15.5% 12.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow2.55Capital expenditure−0.73Free cash flow1.82Buybacks−0.22Dividends paid−0.68Fiscal year 2018Operating cash flow2.87Capital expenditure−0.90Free cash flow1.97 +8.1%Buybacks0.00Dividends paid−0.93Fiscal year 2019Operating cash flow3.33Capital expenditure−0.96Free cash flow2.37 +20.5%Buybacks0.00Dividends paid−0.98Fiscal year 2020Operating cash flow3.54Capital expenditure−0.77Free cash flow2.77 +16.7%Buybacks0.00Dividends paid−1.03Fiscal year 2021Operating cash flow4.65Capital expenditure−1.19Free cash flow3.45 +24.7%Buybacks−1.75Dividends paid−1.05Fiscal year 2022Operating cash flow2.47Capital expenditure−0.97Free cash flow1.50 −56.6%Buybacks−0.50Dividends paid−1.08Fiscal year 2023Operating cash flow2.99Capital expenditure−0.87Free cash flow2.12 +41.3%Buybacks0.00Dividends paid−1.11Fiscal year 2024Operating cash flow3.84Capital expenditure−0.73Free cash flow3.12 +47.4%Buybacks−0.50Dividends paid−1.10Fiscal year 2025Operating cash flow3.43Capital expenditure−0.76Free cash flow2.67 −14.4%Buybacks−1.00Dividends paid−1.20
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2.55 2.87 3.33 3.54 4.65 2.47 2.99 3.84 3.43
Capital expenditure −0.73 −0.90 −0.96 −0.77 −1.19 −0.97 −0.87 −0.73 −0.76
Free cash flow 1.82 1.97 2.37 2.77 3.45 1.50 2.12 3.12 2.67
Growth +8.1% +20.5% +16.7% +24.7% −56.6% +41.3% +47.4% −14.4%
Buybacks −0.22 0.00 0.00 0.00 −1.75 −0.50 0.00 −0.50 −1.00
Dividends paid −0.68 −0.93 −0.98 −1.03 −1.05 −1.08 −1.11 −1.10 −1.20

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash14.18Total debt18.67Net cash (debt)−4.49Shareholders’ equity12.95Debt to equity1.44Fiscal year 2018Cash1.14Total debt18.89Net cash (debt)−17.75Shareholders’ equity20.99Debt to equity0.90Fiscal year 2019Cash0.54Total debt18.08Net cash (debt)−17.55Shareholders’ equity21.08Debt to equity0.86Fiscal year 2020Cash2.83Total debt17.22Net cash (debt)−14.40Shareholders’ equity23.77Debt to equity0.72Fiscal year 2021Cash2.28Total debt17.11Net cash (debt)−14.83Shareholders’ equity23.68Debt to equity0.72Fiscal year 2022Cash1.01Total debt13.89Net cash (debt)−12.88Shareholders’ equity25.28Debt to equity0.55Fiscal year 2023Cash1.42Total debt14.74Net cash (debt)−13.32Shareholders’ equity25.80Debt to equity0.57Fiscal year 2024Cash1.72Total debt17.94Net cash (debt)−16.22Shareholders’ equity25.89Debt to equity0.69Fiscal year 2025Cash0.64Total debt17.62Net cash (debt)−16.98Shareholders’ equity25.39Debt to equity0.69
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 14.18 1.14 0.54 2.83 2.28 1.01 1.42 1.72 0.64
Total debt 18.67 18.89 18.08 17.22 17.11 13.89 14.74 17.94 17.62
Net cash (debt) −4.49 −17.75 −17.55 −14.40 −14.83 −12.88 −13.32 −16.22 −16.98
Shareholders’ equity 12.95 20.99 21.08 23.77 23.68 25.28 25.80 25.89 25.39
Debt to equity 1.44 0.90 0.86 0.72 0.72 0.55 0.57 0.69 0.69

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 30 Sep 2018 FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Margins
49.1% 45.5% 47.9% 47.1% n/a n/a n/a n/a n/a
12.6% 9.4% 10.2% 5.7% 11.8% 12.1% 10.9% 11.9% 11.8%
8.1% 7.3% 6.8% 2.6% 8.8% 9.4% 8.6% 9.9% 8.6%
9.1% 1.9% 7.1% 5.4% 10.9% 9.4% 7.7% 8.4% 7.7%
15.1% 12.3% 13.7% 17.2% 18.0% 7.9% 10.9% 15.5% 12.2%
Spending
6.4% 6.3% 6.1% 6.5% 6.7% 6.7% 6.4% 5.9% 5.8%
24.1% 25.1% 25.1% 26.0% 24.7% 25.0% 24.4% 24.1% 24.2%
6.0% 5.6% 5.5% 4.8% 6.2% 5.2% 4.5% 3.6% 3.5%
−12.7% 73.5% −4.8% 15.0% 5.2% 8.3% 7.9% 15.0% 10.8%
Returns
8.5% 1.5% 5.8% 3.7% 8.8% 7.0% 5.8% 6.6% 6.6%
2.9% 0.6% 2.4% 1.6% 3.9% 3.4% 2.8% 3.0% 3.0%
Balance and payout
1.44 0.90 0.86 0.72 0.72 0.55 0.57 0.69 0.69
61.5% 298.1% 79.8% 117.4% 50.1% 60.8% 75.1% 64.5% 71.3%
49.2% 47.1% 41.5% 37.0% 81.0% 105.6% 52.6% 51.3% 82.2%