Becton, Dickinson and Company logo

Becton, Dickinson and Company

BDX

NYSEHealthcareMedical - Instruments & Supplies

Previous close

$192

+$4.38 · +2.33%

Aug 21, 4:00 PM ET

BDX company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

73

Undervalued

Momentum

40

Weakening

Sentiment

68

Bullish

Risk resilience

74

Moderate Risk

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Company profile

Company website

Operating globally, Becton, Dickinson and Company (BD) is a prominent enterprise focused on the development, manufacturing, and distribution of a broad spectrum of medical technology. This includes essential medical supplies, sophisticated devices, advanced laboratory equipment, and critical diagnostic products. Its extensive customer base comprises healthcare providers, clinical institutions, medical researchers, pharmaceutical firms, and the general public around the world. The BD Medical division delivers a comprehensive suite of products primarily focused on medication management and drug delivery. This encompasses a variety of intravenous (IV) access solutions, such as peripheral and advanced catheters, central lines, acute dialysis catheters, and related vascular care items including needle-free connectors and closed-system drug transfer devices. It also provides essential injection equipment like hypodermic syringes, needles, anesthesia trays, enteral syringes, and sharps disposal systems. Additionally, this segment develops integrated systems for IV medication and infusion therapy, medication compounding workflow, automated dispensing, and supply chain optimization. Specialized products for diabetes management, including pen needles, along with prefillable drug delivery systems, are also key offerings. BD Life Sciences focuses on diagnostic and research tools, offering products for specimen and blood collection. This segment supplies automated systems for culturing blood and tuberculosis, molecular testing, microorganism identification, and drug susceptibility analysis. It also provides liquid-based cytology systems, rapid diagnostic assays, microbiology laboratory automation, and plated media. Furthermore, it offers advanced solutions for cell analysis, including fluorescence-activated cell sorters and analyzers, antibodies, kits, and reagent systems. These are crucial for single-cell gene expression analysis, as well as for clinical oncology, immunological, and transplantation diagnostics and monitoring. Finally, the BD Interventional segment delivers specialized products for surgical and interventional procedures. Its portfolio includes solutions for hernia and soft tissue repair, biological and bioresorbable grafts, and biosurgery, alongside other surgical products. This segment also addresses surgical infection prevention, provides a range of surgical and laparoscopic instrumentation, offers peripheral intervention products, and supplies urology and critical care devices. Established in 1897, the company maintains its headquarters in Franklin Lakes, New Jersey.

Industry
Medical - Instruments & Supplies
Sector
Healthcare
Headquarters
US
CEO
Thomas E. Polen Jr.
Listed since
Feb 21, 1973
Employees
72,000

Market position

Day range

Current $192

52-week range

Current $192

Open
$188.02
Previous close
$187.62
Volume
1.79M
0.69× average
Average volume
2.59M
Average daily volume
Market cap
52.9B USD
Beta
0.26
Market reference 1
50-day average
$161.4
+18.96% above average
200-day average
$157.66
+21.78% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
60.5B USD
P/E (TTM)
57.83×
P/B (TTM)
2.16×
P/S (TTM)
2.54×
EV / EBITDA
12.21×
Earnings yield
3.98%
Free cash flow yield
6.33%
Dividend yield
1.95%

Profitability & efficiency

Gross margin
46.12%
Operating margin
9.83%
Net margin
4.52%
Return on equity
6.61%
Return on assets
3.03%
Return on invested capital
4.73%

Financial health

Debt / equity
0.69×
Current ratio
1.11×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends49%34%19%4%Gross margin, FY2021: 45.12%Gross margin, FY2022: 44.92%Gross margin, FY2023: 42.17%Gross margin, FY2024: 45.22%Gross margin, FY2025: 45.44%Operating margin, FY2021: 11.76%Operating margin, FY2022: 12.09%Operating margin, FY2023: 10.90%Operating margin, FY2024: 11.88%Operating margin, FY2025: 11.80%Net margin, FY2021: 10.94%Net margin, FY2022: 9.43%Net margin, FY2023: 7.66%Net margin, FY2024: 8.45%Net margin, FY2025: 7.68%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 45.12%. Gross margin FY2022 44.92%. Gross margin FY2023 42.17%. Gross margin FY2024 45.22%. Gross margin FY2025 45.44%. Operating margin FY2021 11.76%. Operating margin FY2022 12.09%. Operating margin FY2023 10.90%. Operating margin FY2024 11.88%. Operating margin FY2025 11.80%. Net margin FY2021 10.94%. Net margin FY2022 9.43%. Net margin FY2023 7.66%. Net margin FY2024 8.45%. Net margin FY2025 7.68%.

Income trends

Revenue

21.84B USD+8.23%

Operating income

2.58B USD+7.55%

Net income

1.68B USD-1.58%
Income trends across reported periods23.87B USD15.73B USD7.59B USD−551.5M USDRevenue, FY2021: 19.13B USDRevenue, FY2022: 18.87B USDRevenue, FY2023: 19.37B USDRevenue, FY2024: 20.18B USDRevenue, FY2025: 21.84B USDOperating income, FY2021: 2.25B USDOperating income, FY2022: 2.28B USDOperating income, FY2023: 2.11B USDOperating income, FY2024: 2.4B USDOperating income, FY2025: 2.58B USDNet income, FY2021: 2.09B USDNet income, FY2022: 1.78B USDNet income, FY2023: 1.48B USDNet income, FY2024: 1.71B USDNet income, FY2025: 1.68B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 19.13B USD. Revenue FY2022 18.87B USD. Revenue FY2023 19.37B USD. Revenue FY2024 20.18B USD. Revenue FY2025 21.84B USD. Operating income FY2021 2.25B USD. Operating income FY2022 2.28B USD. Operating income FY2023 2.11B USD. Operating income FY2024 2.4B USD. Operating income FY2025 2.58B USD. Net income FY2021 2.09B USD. Net income FY2022 1.78B USD. Net income FY2023 1.48B USD. Net income FY2024 1.71B USD. Net income FY2025 1.68B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue21.84B USD20.18B USD19.37B USD18.87B USD19.13B USD
Cost of goods sold11.92B USD11.05B USD11.2B USD10.39B USD10.5B USD
Gross profit9.92B USD9.13B USD8.17B USD8.48B USD8.63B USD
Research and development1.26B USD1.19B USD1.24B USD1.26B USD1.28B USD
Selling, general, and administrative5.28B USD4.86B USD4.72B USD4.71B USD4.72B USD
Operating expenses7.35B USD6.73B USD6.06B USD6.2B USD6.38B USD
Interest income38M USD163M USD49M USD16M USD9M USD
Interest expense613M USD528M USD452M USD398M USD469M USD
Depreciation and amortization2.46B USD2.29B USD2.29B USD2.23B USD2.23B USD
Operating income2.58B USD2.4B USD2.11B USD2.28B USD2.25B USD
Net income1.68B USD1.71B USD1.48B USD1.78B USD2.09B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+8.16%
11 comparable reports
Latest EPS result
3.23
Estimate 3.14 · Beat by 2.87%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates4.223.52.772.05Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 3.43, estimate 3, surprise +14.33%, Beat. Q2 2025, reported May 1, 2025: actual 3.35, estimate 3.28, surprise +2.13%, Beat. Q3 2025, reported Aug 7, 2025: actual 3.68, estimate 3.4, surprise +8.24%, Beat. Q4 2025, reported Nov 6, 2025: actual 3.96, estimate 3.92, surprise +1.02%, Beat. Q1 2026, reported Feb 9, 2026: actual 2.91, estimate 2.21, surprise +31.67%, Beat. Q2 2026, reported May 7, 2026: actual 2.9, estimate 2.78, surprise +4.32%, Beat. Q3 2026, reported Aug 6, 2026: actual 3.23, estimate 3.14, surprise +2.87%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 4.06, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates6.14B5.51B4.88B4.25BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 5.17B USD, estimate 5.1B USD, surprise +1.33%, Beat. Q2 2025, reported May 1, 2025: actual 5.27B USD, estimate 5.35B USD, surprise -1.51%, Miss. Q3 2025, reported Aug 7, 2025: actual 5.51B USD, estimate 5.49B USD, surprise +0.41%, Beat. Q4 2025, reported Nov 6, 2025: actual 5.89B USD, estimate 5.91B USD, surprise -0.27%, Miss. Q1 2026, reported Feb 9, 2026: actual 4.49B USD, estimate 5.15B USD, surprise -12.84%, Miss. Q2 2026, reported May 7, 2026: actual 4.71B USD, estimate 4.67B USD, surprise +0.90%, Beat. Q3 2026, reported Aug 6, 2026: actual 4.98B USD, estimate 4.89B USD, surprise +1.96%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 5.11B USD, surprise —, Comparison unavailable.

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