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NYSE · Healthcare

BOSTON SCIENTIFIC CORP (BSX)

As-reported financials and SEC filings for BOSTON SCIENTIFIC CORP. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About BOSTON SCIENTIFIC CORP

Boston Scientific Corporation develops, manufactures, and markets medical devices used in various interventional medical specialties. Its products include minimally invasive devices for diagnosing and treating cardiovascular, respiratory, digestive, oncological, neurological, and urological conditions. The company serves physicians and medical professionals worldwide by providing technologies such as endoscopy tools, urology devices, neuromodulation systems, cardiovascular therapies, and electrophysiology equipment.

Snapshot

Revenue
$20.07B
Revenue growth (YoY)
19.9%
Net income
$2.89B
Diluted EPS
$1.94
Gross margin
69.0%
Operating margin
18.0%
Net margin
14.4%
FCF margin
18.2%
ROE
11.8%
net income / fiscal-year-end equity
P/E
18.2×
trailing when available, otherwise FY EPS
Market cap
$62.46B
Long-term debt / equity
0.46×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Boston Scientific

  • Revenue grew 19.9% to $20.1B in FY2025, faster than the 17.6% the year before.
  • Operating margin is 18.0% in FY2025, +7.9 pp against 10.1% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $5.4B, up 7.5% from Q2 FY2025.
  • Free cash flow was $3.7B in FY2025, 18.2% of revenue.
  • Net income rose 56.7% to $2.9B 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 Boston Scientific’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 margin69.0%
64th percentile of 77
Operating margin18.0%
87th percentile of 80
Net margin14.4%
85th percentile of 81
FCF margin18.2%
88th percentile of 75
Revenue growth (YoY)+19.9%
71st percentile of 87
ROE11.8%
78th percentile of 79
P/E18.2×
26th percentile of 32
Long-term debt / equity0.46×
45th percentile of 54
Short interest2.29d
15th percentile of 88

Boston Scientific’s FCF margin of 18.2% ranks in the 88th percentile of the 75 medical device companies reporting it. Boston Scientific’s operating margin of 18.0% ranks in the 87th percentile of the 80 medical device companies reporting it. Boston Scientific’s net margin of 14.4% ranks in the 85th percentile of the 81 medical device companies reporting it.

6 reported insider purchases (code P) totaling $9.5M in the last 90 days. For context, about 14% of companies in the universe saw any reported insider purchase (code P) 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 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
5
+7 quant / multi-strat
Initiated / added
7
0 new, 7 added
Reduced / exited
7
5 trimmed, 2 exited
Combined position
$3.16B
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$1.09B25.5MAdded
Two Sigma InvestmentsquantQ2 2026$826.2M19.4MAdded
AQR Capital ManagementquantQ2 2026$413.2M9.7MAdded
Maverick CapitalQ2 2026$253.4M5.9MAdded
Citadel AdvisorsquantQ2 2026$212.9M5.0MAdded
Millennium ManagementquantQ2 2026$210.7M5.4MAdded
Renaissance TechnologiesquantQ2 2026$102.9M2.4MReduced
Bridgewater AssociatesQ2 2026$18.9M442.0KAdded
Gotham Asset ManagementQ2 2026$16.0M374.7KReduced
Point72 Asset ManagementquantQ2 2026$15.6M365.2KReduced
Dodge & CoxQ2 2026$3.7M87.5KReduced
Polen Capital ManagementQ2 2026$202,7334.8KReduced

No longer held by: Lone Pine Capital (as of Q2 2026), Sands Capital Management (as of Q2 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. Multiple insiders have bought recently (a cluster buy).

Buys (90d)
6
4 insiders
Bought (90d)
$9.5M
code P value
Sells (90d)
0
Reported activity
Cluster buy
≥2 insiders buying
Trade dateInsiderTypeSharesPriceValue
2026-08-25
filed 2026-08-26
Morano Susan EDirectorBuy2.0K$49.22$100K
2026-08-05
filed 2026-08-07
Habiger David CDirectorBuy2.1K$47.59$100K
2026-08-04
filed 2026-08-05
Habiger David CDirectorBuy140$48.59$7K
2026-08-03
filed 2026-08-05
Mahoney Michael FChairman, President & CEOBuy186.2K$48.33$9.0M
2026-08-03
filed 2026-08-05
Habiger David CDirectorBuy1.0K$48.07$50K
2026-07-31
filed 2026-08-03
LUDWIG EDWARD JDirectorBuy5.0K$45.48$227K
2026-05-20
filed 2026-05-21
LUDWIG EDWARD JDirectorBuy3.6K$56.68$203K
2026-05-20
filed 2026-05-21
Habiger David CDirectorBuy2.3K$55.92$126K
2026-05-20
filed 2026-05-21
Pegus CherylDirectorBuy1.8K$56.49$100K
2026-05-19
filed 2026-05-21
Habiger David CDirectorBuy2.2K$56.95$125K

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
48.2M
settled 2026-08-31
Change vs prior
+74.4%
vs previous settlement
Days to cover
2.29
at avg daily volume
Avg daily volume
21.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-3148.2M+74.4%2.29
2026-08-1427.6M+24.0%1.57
2026-07-3122.3M-21.2%1.01
2026-07-1528.3M+1.2%1.69
2026-06-3027.9M-6.1%1.19
2026-06-1529.8M-48.3%1.44
2026-05-2957.5M+83.0%2.25
2026-05-1531.4M+9.7%1.77

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$20.07B$16.75B$14.24B$12.68B$11.89B
Gross profit$13.85B$11.49B$9.89B$8.73B$8.18B
Operating income$3.61B$2.60B$2.34B$1.65B$1.20B
Net income$2.89B$1.85B$1.59B$698.0M$1.04B
Diluted EPS$1.94$1.25$1.07$0.45$0.69

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 details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$1.97B$414.0M$865.0M$928.0M$1.93B
Current assets$8.79B$6.92B$6.51B$5.76B$6.32B
Total assets$43.67B$39.40B$35.14B$32.47B$32.23B
Current liabilities$5.44B$6.40B$4.93B$3.80B$4.27B
Long-term debt$11.14B$8.97B$8.57B$8.91B$8.80B
Total liabilities$19.20B$17.39B$15.61B$14.90B$15.61B
Total equity$24.47B$22.00B$19.53B$17.57B$16.62B

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 details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$4.53B$3.44B$2.50B$1.53B$1.87B
Capital expenditure$876.0M$790.0M$711.0M$588.0M$554.0M
Free cash flow$3.66B$2.65B$1.79B$938.0M$1.32B

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 details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$5.44B7.5%$905.0M$0.61
Q1 FY2026$5.20B11.6%$1.34B$0.90
Q4 FY2025$5.29B15.9%$670.0M$0.45
Q3 FY2025$5.07B20.3%$755.0M$0.51
Q2 FY2025$5.06B22.8%$795.0M$0.53
Q1 FY2025$4.66B20.9%$672.0M$0.45
Q4 FY2024$4.56B22.4%$562.0M$0.38
Q3 FY2024$4.21B19.3%$468.0M$0.32

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

Company facts

ExchangeNYSE
SectorHealthcare
SIC industrySurgical & Medical Instruments & Apparatus
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2020
SEC CIK885725

Selected SEC filings

10-K2026-02-17
View on EDGAR →
10-K2025-02-18
View on EDGAR →
10-Q2026-08-03
View on EDGAR →
10-Q2026-05-01
View on EDGAR →
10-Q2025-11-03
View on EDGAR →
10-Q2025-08-01
View on EDGAR →
8-K2026-09-08
View on EDGAR →
8-K2026-08-26
View on EDGAR →

Largest medical device peers

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