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BSX Financials Boston Scientific

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
-$4B $8B $20B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-1% 35% 71% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-24% -4% 15% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$6M $2B $4B $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $3B $6B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$6B -$577M $5B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $20.1B $2.9B 69.0% 18.0% 11.9% 6.6% $3.7B $2.0B
2024 $16.7B $1.8B 68.6% 15.5% 8.5% 4.7% $2.6B $414M
2023 $14.2B $1.6B 69.5% 16.5% 8.3% 4.5% $1.8B $865M
2022 $12.7B $698M 68.8% 13.0% 4.0% 2.1% $938M $928M
2021 $11.9B $1.0B 68.8% 10.1% 6.3% 3.2% $1.3B $1.9B
2020 $9.9B -$82M 65.0% -0.8% -0.3% $1.1B $1.7B
2019 $10.7B $4.7B 71.0% 14.1% 15.4% $1.4B $217M
2018 $9.8B $1.7B 71.4% 15.3% 8.0% -$6M $146M
2017 $9.0B $104M 71.3% 14.2% 0.5% $1.1B $3.8B $188M
2016 $8.4B $347M 71.1% 5.3% 1.9% $806M $5.4B $196M
2015 -$239M -1.3% $444M $5.7B $319M
2014 -$119M -0.7% $1.0B $4.2B $587M
2013 -$121M -0.7% $865M $4.2B $217M
2012 -$4.1B -23.7% $1.1B $4.2B $207M
2011 $441M 2.1% $704M $4.2B $267M

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.

Price / earnings (P/E)
0.0 60.0 120.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 4.7 9.3 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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 Sep '26, Boston Scientific traded at a price-to-earnings ratio of about 23.5× (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.