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BECTON DICKINSON & CO (BDX)

As-reported financials and recent SEC filings for BECTON DICKINSON & CO, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About BECTON DICKINSON & CO

Becton Dickinson & Co (BD) is a global medical technology company that develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products. Its products serve healthcare institutions, physicians, life science researchers, clinical laboratories, the pharmaceutical industry, and the general public. BD operates through three main segments: BD Medical, which offers medical technologies and devices; BD Life Sciences, which provides diagnostic and research tools; and BD Interventional, which supplies vascular, urology, oncology, and surgical specialty products.

Snapshot

Revenue
$21.84B
Revenue growth (YoY)
8.2%
Net income
$1.68B
Diluted EPS
$5.82
Gross margin
45.4%
Operating margin
11.8%
Net margin
7.7%
FCF margin
12.2%
ROE
6.6%
P/E (TTM)
27.8×
Market cap
Debt / equity
0.7×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Becton Dickinson

  • Revenue grew 8.2% to $21.8B in FY2025, faster than the 4.2% the year before.
  • Operating margin is 11.8% in FY2025, +0.0 pp against 11.8% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $4.7B, up 5.2% from Q2 FY2025.
  • Free cash flow was $2.7B in FY2025, 12.2% of revenue.
  • Net income fell 1.6% to $1.7B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Becton Dickinson’s fundamentals sit among the 88 medical device companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin45.4%
22nd percentile of 77
Operating margin11.8%
76th percentile of 80
Net margin7.7%
73rd percentile of 81
FCF margin12.2%
71st percentile of 74
Revenue growth (YoY)+8.2%
35th percentile of 87
ROE6.6%
67th percentile of 79
P/E (TTM)27.8×
39th percentile of 32
Debt / equity0.69×
66th percentile of 54
Short interest5.82d
59th percentile of 88

No open-market insider buys in the last 90 days; 5 insider sales totaling $753,876. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 4 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
5
+4 quant / multi-strat
Initiated / added
5
0 new, 5 added
Reduced / exited
4
3 trimmed, 1 exited
Combined position
$2.64B
reported long value
InvestorAs ofPosition valueSharesChange
First Eagle Investment ManagementQ1 2026$1.88B11.9MAdded
Harris Associates (Oakmark)Q1 2026$349.4M2.2MReduced
Citadel AdvisorsquantQ1 2026$130.4M829.5KAdded
AQR Capital ManagementquantQ1 2026$118.6M757.9KReduced
Starboard ValueQ1 2026$100.1M636.5KReduced
Gotham Asset ManagementQ1 2026$28.3M179.9KAdded
Millennium ManagementquantQ1 2026$28.2M179.3KAdded
Two Sigma InvestmentsquantQ1 2026$5.7M36.6KHeld
Bridgewater AssociatesQ1 2026$1.5M9.5KAdded

No longer held by: D. E. Shaw (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
5
$754K
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-26
Feld MichaelEVP, Chief Revenue OfficerSell75$152.80$11K
2026-06-24
filed 2026-06-25
Garrison Michael DavidEVP & Pres Med.Essntl&BioPharmSell1.1K$145.66$160K
2026-06-10
filed 2026-06-11
Garrison Michael DavidEVP & Pres Med.Essntl&BioPharmSell1.1K$151.48$167K
2026-06-01
filed 2026-06-03
Polen Thomas E JrChairman, CEO and PresidentSell2.8K$146.35$405K
2026-05-26
filed 2026-05-27
Feld MichaelEVP, Chief Revenue OfficerSell75$147.35$11K
2026-04-27
filed 2026-04-28
Feld MichaelEVP, Chief Revenue OfficerSell74$151.94$11K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
10.4M
settled 2026-07-15
Change vs prior
-7.6%
vs previous settlement
Days to cover
5.82
at avg daily volume
Avg daily volume
1.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1510.4M-7.6%5.82
2026-06-3011.2M+54.4%2.90
2026-06-157.3M+1.0%3.60
2026-05-297.2M-14.4%2.41
2026-05-158.4M+31.9%2.28
2026-04-306.4M-11.6%2.05
2026-04-157.2M-24.0%2.94
2026-03-319.5M-17.2%4.16

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$21.84B$20.18B$19.37B$18.87B$19.13B
Gross profit$9.93B$9.13B$8.17B$8.48B$8.63B
Operating income$2.58B$2.40B$2.11B$2.28B$2.25B
Net income$1.68B$1.71B$1.48B$1.78B$2.09B
Diluted EPS$5.82$5.86$4.94$5.88$6.85

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$567.0M$1.72B$1.42B$1.01B$2.28B
Current assets$9.26B$10.47B$8.68B$8.14B$8.84B
Total assets$55.33B$57.29B$52.78B$52.93B$53.87B
Current liabilities$8.31B$8.96B$6.64B$7.81B$6.63B
Long-term debt$17.62B$17.94B$14.74B$13.89B$17.11B
Total liabilities$29.93B$31.40B$26.98B$27.65B$30.19B
Total equity$25.39B$25.89B$25.80B$25.28B$23.68B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$3.43B$3.84B$2.99B$2.47B$4.13B
Capital expenditure$760.0M$725.0M$874.0M$973.0M$1.19B
Free cash flow$2.67B$3.12B$2.12B$1.50B$2.93B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$4.71B5.2%$-311.0M$-1.11
Q1 FY2026$5.25B1.6%$382.0M$1.34
Q4 FY2025$5.89B8.4%$493.0M$1.71
Q3 FY2025$5.51B10.4%$574.0M$2.00
Q2 FY2025$4.48B-11.2%$308.0M$1.07
Q1 FY2025$5.17B9.8%$303.0M$1.04
Q4 FY2024$5.44B6.9%$400.0M$1.37
Q3 FY2024$4.99B2.3%$487.0M$1.68

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorHealthcare
SIC industrySurgical & Medical Instruments & Apparatus
Fiscal year endSeptember 30
Latest fiscal periodFY2025
SEC filings since2018
SEC CIK10795

Recent SEC filings

10-K2025-11-25
View on EDGAR →
10-K2024-11-27
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2026-02-09
View on EDGAR →
10-Q2025-08-07
View on EDGAR →
10-Q2025-05-01
View on EDGAR →
8-K2026-07-22
View on EDGAR →
8-K2026-05-29
View on EDGAR →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.