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
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
$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
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
Sep '26
$5.1B
$580M
66.7%
16.1%
2.3%
1.3%
$868M
—
$609M
Jun '26
$5.4B
$905M
70.7%
21.6%
3.6%
2.0%
$1.3B
—
$539M
Mar '26
$5.2B
$1.3B
69.5%
21.2%
5.2%
3.0%
$171M
—
$1.5B
Dec '25
$5.3B
$670M
69.6%
15.6%
2.8%
1.5%
$1.0B
—
$2.0B
Sep '25
$5.1B
$755M
69.9%
20.7%
3.2%
1.8%
$1.2B
—
$1.3B
Jun '25
$5.1B
$795M
67.7%
16.2%
3.5%
1.9%
$1.1B
—
$534M
Mar '25
$4.7B
$672M
68.8%
19.8%
3.0%
1.7%
$354M
—
$725M
Dec '24
$4.6B
$562M
67.9%
14.8%
2.6%
1.4%
$1.2B
—
$414M
Sep '24
$4.2B
$468M
68.8%
17.4%
2.3%
1.2%
$823M
—
$2.5B
Jun '24
$4.1B
$322M
69.2%
12.6%
1.6%
0.9%
$658M
—
$2.9B
Mar '24
$3.9B
$493M
68.7%
17.5%
2.5%
1.3%
-$15M
—
$2.3B
Dec '23
$3.7B
$504M
69.2%
15.7%
2.6%
1.4%
$690M
—
$865M
Sep '23
$3.5B
$504M
68.8%
19.6%
2.7%
1.5%
$508M
—
$952M
Jun '23
$3.6B
$270M
70.6%
14.3%
1.5%
0.8%
$515M
—
$426M
Mar '23
$3.4B
$314M
69.3%
16.3%
1.8%
1.0%
$79M
—
$570M
Dec '22
$3.2B
$140M
68.8%
12.4%
0.8%
0.4%
$595M
—
$928M
Sep '22
$3.2B
$188M
69.1%
11.3%
1.1%
0.6%
$320M
—
$338M
Jun '22
$3.2B
$260M
68.8%
13.0%
1.5%
0.8%
$202M
—
$276M
Mar '22
$3.0B
$110M
68.4%
15.4%
0.7%
0.3%
-$179M
—
$325M
Dec '21
$3.1B
$95M
68.9%
5.8%
0.6%
0.3%
$212M
—
$1.9B
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 103.9× (Mar '23) to 21.8× (Nov '26).
The price-to-sales ratio has fallen from 5.7× (Mar '23) to 3.1× (Nov '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?
Boston Scientific's P/E (TTM) is 18.07 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 BSX stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 21.8× 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.