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

BSX stock analysis: Boston Scientific

Boston Scientific (BSX) is an S&P 500 company in Health Care Equipment. It grades weakest on momentum.

The model's view of BSX · subscribers

Where BSX 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 BSX · updated 2026-10-05 · from prices and SEC filings

BSX price performance

BSX against the S&P 500, one year
-50%-25%+0%S&P 500 +18%BSX -56%2025-09-292026-10-05
Year to date-55.5%S&P 500 +14.5% · behind by 70.0 pts
1 year-56.4%S&P 500 +17.0% · behind by 73.5 pts
3 years-18.0%S&P 500 +89.3% · behind by 107.2 pts
5 years-0.1%S&P 500 +91.3% · behind by 91.4 pts

Total returns with dividends reinvested.

BSX factor grades

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

B+ValueP/E 17.2x (industry 28.8x)FCF yield 5.9% (industry 4.4%)
BGrowthRevenue growth +14% (industry +9%)EPS growth +47% (industry +11%)
BProfitabilityOperating margin 19.8% (industry 18.5%)ROIC 15.1% (industry 11.1%)
D-Momentum12-month change -56%From 52-wk high -60%

BSX in plain numbers

BSX key statistics

SectorHealth Care
IndustryHealth Care Equipment
IndexS&P 500
Market value$61.4B
Revenue growth (y/y)+14%
Free-cash-flow yield5.9%
Dividend yieldn/a
Next earnings (expected)2026-10-21
Valuation measures
Market value$61.4B
Enterprise value$62.6B
P/E (trailing)17.2x
Forward P/E (Torvanta estimate)14.7x
PEG (Torvanta estimate)0.87
Price / sales2.9x
Price / book2.5x
EV / revenue3.0x
EV / EBITDA11.3x
Financial highlights
Revenue, last 12 months$21.0B
Net income, last 12 months$3.7B
EPS, last 12 months (GAAP)$2.47
Gross margin69.9%
Operating margin19.8%
Net margin17.5%
Return on equity15.5%
Return on invested capital15.1%
Cash$539.0M
Total debt$1.7B
Debt / equity0.07x
Free cash flow, last 12 months$3.6B
Interest cover11.4x
Current ratio1.24x

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

BSX earnings trends

Revenue vs earnings
$0$1.4B$2.7B$4.1B$5.4BSep 2024 Revenue: $4.2BDec 2024 Revenue: $4.6BMar 2025 Revenue: $4.7BJun 2025 Revenue: $5.1BSep 2025 Revenue: $5.1BDec 2025 Revenue: $5.3BMar 2026 Revenue: $5.2BJun 2026 Revenue: $5.4BSep 2024 Net income: $468.0MDec 2024 Net income: $562.0MMar 2025 Net income: $672.0MJun 2025 Net income: $795.0MSep 2025 Net income: $755.0MDec 2025 Net income: $670.0MMar 2026 Net income: $1.3BJun 2026 Net income: $905.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 11.1%Net margin: 12.3%Net margin: 14.4%Net margin: 15.7%Net margin: 14.9%Net margin: 12.7%Net margin: 25.7%Net margin: 16.6%0%13%26%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.2$0.5$0.7$0.9Sep 2024 EPS (GAAP, diluted): $0.3Dec 2024 EPS (GAAP, diluted): $0.4Mar 2025 EPS (GAAP, diluted): $0.5Jun 2025 EPS (GAAP, diluted): $0.5Sep 2025 EPS (GAAP, diluted): $0.5Dec 2025 EPS (GAAP, diluted): $0.5Mar 2026 EPS (GAAP, diluted): $0.9Jun 2026 EPS (GAAP, diluted): $0.6Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +59% · Dec 2025 +18% · Mar 2026 +100% · Jun 2026 +15%

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

Boston Scientific financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$11.9B$12.7B$14.2B$16.7B$20.1B
Net income$1.0B$698.0M$1.6B$1.8B$2.9B
EPS (GAAP)$0.69$0.45$1.07$1.25$1.94
Free cash flow$1.3B$938.0M$1.8B$2.6B$3.7B

BSX earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-29$0.61+15%+8%-0.2%
2026-04-22$0.90+100%+12%+9.8%
2026-02-04$0.45+18%+16%-13.5%
2025-10-22$0.51+59%+20%+2.4%
2025-07-23$0.53+141%+23%+2.1%
2025-04-23$0.45+36%+21%+2.7%

About Boston Scientific

HeadquartersMarlborough, MA
Industry (SEC code)Surgical & Medical Instruments & Apparatus
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE

From the company's SEC registration record.

Companies similar to BSX

CompanyMarket valueP/ERevenue growthOperating margin12-month change
BSX Boston Scientific$61.4B17.2x+14%19.8%-56%
EW Edwards Lifesciences$50.3B50.1x+15%22.3%+13%compare
BDX Becton Dickinson$49.2B54.4x-3%9.6%+22%compare
IDXX IDEXX$41.5B37.0x+13%32.0%-16%compare
SYK Stryker$109.4B29.6x+8%21.4%-22%
MDT Medtronic$112.5B21.6x+10%18.1%-7%
DXCM DexCom$32.8B34.5x+16%22.9%+30%

All Health Care stock ratings

Frequently asked questions

Is BSX stock a buy?

Torvanta does not tell individuals what to buy. Its grades for BSX 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 BSX's P/E ratio?

BSX trades at about 17.2 times its last 12 months of GAAP earnings reported to the SEC, and about 14.7 times Torvanta's own estimate of the next 12 months.

When does BSX report earnings next?

Based on its filing history, Torvanta expects Boston Scientific to report around 2026-10-21.

How has BSX performed against the S&P 500?

Over the past year BSX returned -56.4%, 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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