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 15.2% per year over the past 5 years.
Operating margin has expanded, at 18.0% in the latest year.
Free cash flow has grown 26.4% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-1.9% vs 15.2% per year).
Operating income covered interest expense 10× in the latest year, up from -0.2× 5 years ago.
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
$20.1B
$2.9B
69.0%
18.0%
$3.7B
—
$2.0B
2024
$16.7B
$1.8B
68.6%
15.5%
$2.6B
—
$414M
2023
$14.2B
$1.6B
69.5%
16.5%
$1.8B
—
$865M
2022
$12.7B
$698M
68.8%
13.0%
$938M
—
$928M
2021
$11.9B
$1.0B
68.8%
10.1%
$1.3B
—
$1.9B
2020
$9.9B
-$82M
65.0%
-0.8%
$1.1B
—
$1.7B
2019
$10.7B
$4.7B
71.0%
14.1%
$1.4B
—
$217M
2018
$9.8B
$1.7B
71.4%
15.3%
-$6M
—
$146M
2017
$9.0B
$104M
71.3%
14.2%
$1.1B
$3.8B
$188M
2016
$8.4B
$347M
71.1%
5.3%
$806M
$5.4B
$196M
2015
—
-$239M
—
—
$444M
$5.7B
$319M
2014
—
-$119M
—
—
$1.0B
$4.2B
$587M
2013
—
-$121M
—
—
$865M
$4.2B
$217M
2012
—
-$4.1B
—
—
$1.1B
$4.2B
$207M
2011
—
$441M
—
—
$704M
$4.2B
$267M
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
$5.2B
$1.3B
69.5%
21.2%
$171M
—
$1.5B
Dec '25
$5.3B
$670M
69.6%
15.6%
$1.0B
—
$2.0B
Sep '25
$5.1B
$755M
69.9%
20.7%
$1.2B
—
$1.3B
Jun '25
$5.1B
$795M
67.7%
16.2%
$1.1B
—
$534M
Mar '25
$4.7B
$672M
68.8%
19.8%
$354M
—
$725M
Dec '24
$4.6B
$562M
67.9%
14.8%
$1.2B
—
$414M
Sep '24
$4.2B
$468M
68.8%
17.4%
$823M
—
$2.5B
Jun '24
$4.1B
$322M
69.2%
12.6%
$658M
—
$2.9B
Mar '24
$3.9B
$493M
68.7%
17.5%
-$15M
—
$2.3B
Dec '23
$3.7B
$504M
69.2%
15.7%
$690M
—
$865M
Sep '23
$3.5B
$504M
68.8%
19.6%
$508M
—
$952M
Jun '23
$3.6B
$270M
70.6%
14.3%
$515M
—
$426M
Mar '23
$3.4B
$314M
69.3%
16.3%
$79M
—
$570M
Dec '22
$3.2B
$140M
68.8%
12.4%
$595M
—
$928M
Sep '22
$3.2B
$188M
69.1%
11.3%
$320M
—
$338M
Jun '22
$3.2B
$260M
68.8%
13.0%
$202M
—
$276M
Mar '22
$3.0B
$110M
68.4%
15.4%
-$179M
—
$325M
Dec '21
$3.1B
$95M
68.9%
5.8%
$212M
—
$1.9B
Sep '21
$2.9B
$419M
69.3%
13.2%
$358M
—
$1.9B
Jun '21
$3.1B
$186M
69.3%
8.5%
$537M
—
$2.7B
Valuation over time
How the market has priced BSX 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 106.5× (Mar '23) to 22.7× (Jun '26).
The price-to-sales ratio has fallen from 5.9× (Mar '23) to 3.3× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is BSX growing its revenue and profit?
Over the past 5 years, Boston Scientific's revenue has grown 15.2% per year. These are computed facts, not advice.
How much debt does BSX have?
As of FY2025, Boston Scientific reported — of total debt against $2.0B of cash; operating income covered interest expense 10×.
What is BSX's profit margin?
In FY2025, gross margin was 69.0%, operating margin 18.0%, and net margin 14.4%.
What is BSX's P/E ratio?
As of Jun '26, Boston Scientific traded at a price-to-earnings ratio of about 22.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S 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.