15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 6.3% per year over the past 5 years.
Net income has grown faster than revenue (13.9% vs 6.3% per year).
Operating margin has expanded, at 11.8% in the latest year.
Free cash flow has grown 4.3% per year over the past 5 years.
Financial health
Total debt ($17.6B) exceeds cash ($567M); net debt is $17.1B.
Total debt has grown slower than revenue (0.5% vs 6.3% per year).
Operating income covered interest expense 4.2× in the latest year, up from 1.7× 5 years ago.
Total debt is 3.5× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 71.3% of earnings and 44.8% of free cash flow.
The dividend has grown 3.1% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$21.8B
$1.7B
45.4%
11.8%
$2.7B
$17.6B
$567M
2024
$20.2B
$1.7B
45.2%
11.9%
$3.1B
$17.9B
$1.7B
2023
$19.4B
$1.5B
42.2%
10.9%
$2.1B
$14.7B
$1.4B
2022
$18.9B
$1.8B
44.9%
12.1%
$1.5B
$13.9B
$1.0B
2021
$19.1B
$2.1B
45.1%
11.8%
$2.9B
$17.1B
$2.3B
2020
$16.1B
$874M
47.1%
5.7%
$2.2B
$17.2B
$2.8B
2019
$17.3B
$1.2B
47.9%
10.2%
—
$18.1B
$536M
2018
$16.0B
$311M
45.4%
9.4%
—
$18.9B
$1.1B
2017
$12.1B
$1.1B
49.1%
12.6%
—
$18.7B
$14.2B
2016
$12.5B
$976M
48.0%
11.5%
—
$10.6B
$1.5B
2015
—
$695M
—
—
$1.1B
$12.1B
$1.4B
2014
—
$1.2B
—
—
$1.2B
$3.8B
$1.9B
2013
—
$1.3B
—
—
$1.2B
$3.8B
$1.9B
2012
—
$1.2B
—
—
$1.2B
$4.0B
$1.7B
2009
—
$1.2B
—
—
$1.1B
$1.7B
$1.4B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$4.7B
-$311M
45.7%
2.0%
—
$14.7B
$813M
Dec '25
$5.3B
$382M
45.9%
10.5%
—
$16.9B
$740M
Sep '25
$5.9B
$493M
47.5%
11.8%
$1.0B
$17.6B
$567M
Jun '25
$5.5B
$574M
47.8%
16.0%
$1.0B
$17.5B
$735M
Mar '25
$4.5B
$308M
41.5%
8.5%
$50M
$17.7B
$667M
Dec '24
$5.2B
$303M
43.2%
8.8%
$588M
$17.4B
$711M
Sep '24
$5.4B
$400M
45.7%
11.4%
$882M
$17.9B
$1.7B
Jun '24
$5.0B
$487M
46.2%
12.1%
$1.1B
$18.1B
$4.5B
Mar '24
$5.0B
$537M
45.7%
14.5%
$380M
$16.0B
$2.3B
Dec '23
$4.7B
$281M
43.1%
9.3%
$739M
$14.1B
$1.2B
Sep '23
$5.1B
$108M
33.4%
6.9%
$1.0B
$14.7B
$1.4B
Jun '23
$4.9B
$407M
43.1%
11.3%
$890M
$14.9B
$923M
Mar '23
$4.8B
$460M
46.4%
13.0%
$4M
$16.0B
$2.0B
Dec '22
$4.6B
$509M
46.5%
12.8%
$191M
$14.3B
$612M
Sep '22
$4.8B
$288M
43.6%
10.3%
$658M
$13.9B
$1.0B
Jun '22
$4.6B
$360M
44.5%
11.6%
$425M
$14.7B
$2.6B
Mar '22
$4.8B
$454M
44.5%
11.9%
$68M
$17.6B
$3.1B
Dec '21
$4.7B
$677M
47.1%
14.7%
$347M
$16.4B
$1.9B
Sep '21
$4.8B
$265M
43.0%
7.8%
$389M
$17.1B
$2.3B
Jun '21
$4.6B
$525M
42.5%
10.7%
—
$15.7B
$3.2B
Valuation over time
How the market has priced BDX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 38.3× (Mar '23) to 24.9× (Jun '26).
The price-to-sales ratio has fallen from 3.6× (Mar '23) to 1.9× (Jun '26).
The dividend yield has risen from 1.6% (Mar '23) to 2.9% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is BDX growing its revenue and profit?
Over the past 5 years, Becton Dickinson's revenue has grown 6.3% per year, and net income grown 13.9% per year. These are computed facts, not advice.
How much debt does BDX have?
As of FY2025, Becton Dickinson reported $17.6B of total debt against $567M of cash; operating income covered interest expense 4.2×.
What is BDX's profit margin?
In FY2025, gross margin was 45.4%, operating margin 11.8%, and net margin 7.7%.
What is BDX's P/E ratio?
As of Jun '26, Becton Dickinson traded at a price-to-earnings ratio of about 24.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.