TORVANTA
Health Care · S&P 500 · data as of 2026-10-05

BDX stock analysis: Becton Dickinson

Becton Dickinson (BDX) is an S&P 500 company in Health Care Equipment. It grades weakest on value, profitability and growth.

The model's view of BDX · subscribers

Where BDX ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with BDX · updated 2026-10-05 · from prices and SEC filings

BDX price performance

BDX against the S&P 500, one year
+0%+20%BDX +28%S&P 500 +18%2025-09-292026-10-05
Year to date+20.7%S&P 500 +14.5% · ahead by 6.2 pts
1 year+21.7%S&P 500 +17.0% · ahead by 4.6 pts
3 years-6.4%S&P 500 +89.3% · behind by 95.7 pts
5 years+6.0%S&P 500 +91.3% · behind by 85.3 pts

Total returns with dividends reinvested.

BDX factor grades

Each grade compares BDX with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C-ValueP/E 54.4x (industry 28.8x)FCF yield 5.3% (industry 4.4%)
D-GrowthRevenue growth -3% (industry +9%)EPS growth -39% (industry +11%)
D+ProfitabilityOperating margin 9.6% (industry 18.5%)ROIC 4.3% (industry 11.1%)
BMomentum12-month change +22%From 52-wk high -5%

BDX in plain numbers

BDX key statistics

SectorHealth Care
IndustryHealth Care Equipment
IndexS&P 500
Market value$49.2B
Revenue growth (y/y)-3%
Free-cash-flow yield5.3%
Dividend yield2.2%
Next earnings (expected)2026-11-05
Valuation measures
Market value$49.2B
Enterprise value$65.3B
P/E (trailing)54.4x
Forward P/E (Torvanta estimate)61.9x
Price / sales2.4x
Price / book2.0x
EV / revenue3.1x
EV / EBITDA14.9x
Financial highlights
Revenue, last 12 months$20.8B
Net income, last 12 months$941.0M
EPS, last 12 months (GAAP)$3.32
Gross margin46.4%
Operating margin9.6%
Net margin4.5%
Return on equity3.8%
Return on invested capital4.3%
Cash$708.0M
Total debt$16.8B
Debt / equity0.69x
Interest cover3.4x
Current ratio0.87x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

BDX earnings trends

Revenue vs earnings
-$311.0M$1.2B$2.8B$4.3B$5.9BSep 2024 Revenue: $5.4BDec 2024 Revenue: $5.2BMar 2025 Revenue: $5.3BJun 2025 Revenue: $5.5BSep 2025 Revenue: $5.9BDec 2025 Revenue: $5.3BMar 2026 Revenue: $4.7BJun 2026 Revenue: $5.0BSep 2024 Net income: $400.0MDec 2024 Net income: $303.0MMar 2025 Net income: $308.0MJun 2025 Net income: $574.0MSep 2025 Net income: $493.0MDec 2025 Net income: $382.0MMar 2026 Net income: -$311.0MJun 2026 Net income: $377.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 7.4%Net margin: 5.9%Net margin: 5.8%Net margin: 10.4%Net margin: 8.4%Net margin: 7.3%Net margin: -6.6%Net margin: 7.6%-7%2%10%■ Revenue ■ Net income ━ Net margin
Earnings per share$-1.1$-0.3$0.5$1.2$2.0Sep 2024 EPS (GAAP, diluted): $1.4Dec 2024 EPS (GAAP, diluted): $1.0Mar 2025 EPS (GAAP, diluted): $1.1Jun 2025 EPS (GAAP, diluted): $2.0Sep 2025 EPS (GAAP, diluted): $1.7Dec 2025 EPS (GAAP, diluted): $1.3Mar 2026 EPS (GAAP, diluted): $-1.1Jun 2026 EPS (GAAP, diluted): $1.4Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +26% · Dec 2025 +29% · Mar 2026 -204% · Jun 2026 -32%

From the company's 10-Q and 10-K filings with the SEC.

Becton Dickinson financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$20.2B$19.4B$19.4B$20.2B$21.8B
Net income$2.1B$1.8B$1.5B$1.7B$1.7B
EPS (GAAP)$6.86$5.89$4.93$5.86$5.83
Free cash flow$3.4Bn/an/an/an/a

BDX earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-06$1.37-32%-10%+3.2%
2026-05-07$-1.11-204%-11%+2.7%
2026-04-02$-1.11-204%-11%-1.2%
2026-02-09$1.34+29%+2%+3.8%
2025-11-06$1.72+26%+8%+1.8%
2025-10-15$1.72+26%+8%-1.4%

About Becton Dickinson

HeadquartersFranklin Lakes, NJ
Industry (SEC code)Surgical & Medical Instruments & Apparatus
Fiscal year endsSeptember 30
Incorporated inNJ
Listed onNYSE

From the company's SEC registration record.

Companies similar to BDX

CompanyMarket valueP/ERevenue growthOperating margin12-month change
BDX Becton Dickinson$49.2B54.4x-3%9.6%+22%
EW Edwards Lifesciences$50.3B50.1x+15%22.3%+13%compare
IDXX IDEXX$41.5B37.0x+13%32.0%-16%compare
BSX Boston Scientific$61.4B17.2x+14%19.8%-56%compare
DXCM DexCom$32.8B34.5x+16%22.9%+30%
RMD ResMed$32.1B21.4x+10%33.4%-19%
GEHC GE HealthCare$29.9B15.7x+6%12.6%-14%

All Health Care stock ratings

Frequently asked questions

Is BDX stock a buy?

Torvanta does not tell individuals what to buy. Its grades for BDX are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is BDX's P/E ratio?

BDX trades at about 54.4 times its last 12 months of GAAP earnings reported to the SEC, and about 61.9 times Torvanta's own estimate of the next 12 months.

When does BDX report earnings next?

Based on its filing history, Torvanta expects Becton Dickinson to report around 2026-11-05.

Does BDX pay a dividend?

Yes. Its dividend yield is about 2.2%, and it has raised its dividend 30 years in a row.

How has BDX performed against the S&P 500?

Over the past year BDX returned +21.7%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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