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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$21.8B
$1.7B
45.4%
11.8%
6.6%
3.0%
$2.7B
$17.6B
$567M
2024
$20.2B
$1.7B
45.2%
11.9%
6.6%
3.0%
$3.1B
$17.9B
$1.7B
2023
$19.4B
$1.5B
42.2%
10.9%
5.8%
2.8%
$2.1B
$14.7B
$1.4B
2022
$18.9B
$1.8B
44.9%
12.1%
7.0%
3.4%
$1.5B
$13.9B
$1.0B
2021
$19.1B
$2.1B
45.1%
11.8%
8.8%
3.9%
$2.9B
$17.1B
$2.3B
2020
$16.1B
$874M
47.1%
5.7%
3.7%
1.6%
$2.2B
$17.2B
$2.8B
2019
$17.3B
$1.2B
47.9%
10.2%
5.8%
2.4%
—
$18.1B
$536M
2018
$16.0B
$311M
45.4%
9.4%
1.5%
0.6%
—
$18.9B
$1.1B
2017
$12.1B
$1.1B
49.1%
12.6%
8.5%
2.9%
—
$18.7B
$14.2B
2016
$12.5B
$976M
48.0%
11.5%
12.8%
3.8%
—
$10.6B
$1.5B
2015
—
$695M
—
—
9.7%
2.6%
$1.1B
$12.1B
$1.4B
2014
—
$1.2B
—
—
23.5%
9.6%
$1.2B
$3.8B
$1.9B
2013
—
$1.3B
—
—
25.6%
10.6%
$1.2B
$3.8B
$1.9B
2012
—
$1.2B
—
—
28.3%
10.3%
$1.2B
$4.0B
$1.7B
2009
—
$1.2B
—
—
23.9%
13.2%
$1.1B
$1.7B
$1.4B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$5.0B
$377M
46.5%
13.3%
1.5%
0.7%
$633M
$13.5B
$708M
Mar '26
$4.7B
-$311M
45.7%
2.0%
-1.3%
-0.6%
—
$14.7B
$813M
Dec '25
$5.3B
$382M
45.9%
10.5%
1.5%
0.7%
—
$16.9B
$740M
Sep '25
$5.9B
$493M
47.5%
11.8%
1.9%
0.9%
$1.0B
$17.6B
$567M
Jun '25
$4.7B
$574M
47.3%
15.6%
2.3%
1.0%
$925M
$17.5B
$735M
Mar '25
$4.5B
$308M
41.5%
8.5%
1.2%
0.6%
$50M
$17.7B
$667M
Dec '24
$5.2B
$303M
43.2%
8.8%
1.2%
0.6%
$588M
$17.4B
$711M
Sep '24
$5.4B
$400M
45.7%
11.4%
1.5%
0.7%
$882M
$17.9B
$1.7B
Jun '24
$5.0B
$487M
46.2%
12.1%
1.9%
0.9%
$1.1B
$18.1B
$4.5B
Mar '24
$5.0B
$537M
45.7%
14.5%
2.1%
1.0%
$380M
$16.0B
$2.3B
Dec '23
$4.7B
$281M
43.1%
9.3%
1.1%
0.5%
$739M
$14.1B
$1.2B
Sep '23
$5.1B
$108M
33.4%
6.9%
0.4%
0.2%
$1.0B
$14.7B
$1.4B
Jun '23
$4.9B
$407M
43.1%
11.3%
1.6%
0.8%
$890M
$14.9B
$923M
Mar '23
$4.8B
$460M
46.4%
13.0%
1.8%
0.8%
$4M
$16.0B
$2.0B
Dec '22
$4.6B
$509M
46.5%
12.8%
2.0%
1.0%
$191M
$14.3B
$612M
Sep '22
$4.8B
$288M
43.6%
10.3%
1.1%
0.5%
$658M
$13.9B
$1.0B
Jun '22
$4.6B
$360M
44.5%
11.6%
1.4%
0.7%
$425M
$14.7B
$2.6B
Mar '22
$4.8B
$454M
44.5%
11.9%
1.9%
0.8%
$68M
$17.6B
$3.1B
Dec '21
$4.7B
$677M
47.1%
14.7%
2.8%
1.3%
$347M
$16.4B
$1.9B
Sep '21
$4.8B
$265M
43.0%
7.8%
1.1%
0.5%
$389M
$17.1B
$2.3B
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 37.9× (Mar '23) to 32.2× (Nov '26).
The price-to-sales ratio has fallen from 3.6× (Mar '23) to 2.5× (Nov '26).
The dividend yield has risen from 1.6% (Mar '23) to 2.2% (Nov '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?
Becton Dickinson's P/E (TTM) is 57.37 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the BDX stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 32.2× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.