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NYSE · Healthcare

BOSTON SCIENTIFIC CORP (BSX)

As-reported financials and recent SEC filings for BOSTON SCIENTIFIC CORP, 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 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%
P/E (TTM)
19.0×
Market cap
$67.64B
Debt / equity
0.5×

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 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 Q1 FY2026: revenue $5.2B, up 11.6% from Q1 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%
86th percentile of 81
FCF margin18.2%
88th percentile of 74
Revenue growth (YoY)+19.9%
70th percentile of 87
ROE11.8%
78th percentile of 79
P/E (TTM)19.0×
26th percentile of 32
Debt / equity0.46×
45th percentile of 54
Short interest1.69d
14th percentile of 88

Boston Scientific’s FCF margin of 18.2% ranks in the 88th percentile of the 74 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 86th percentile of the 81 medical device companies reporting it.

4 open-market insider buys totaling $553,999 in the last 90 days. 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 7 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
7
+7 quant / multi-strat
Initiated / added
7
0 new, 7 added
Reduced / exited
7
6 trimmed, 1 exited
Combined position
$3.77B
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ1 2026$1.53B24.3MAdded
Two Sigma InvestmentsquantQ1 2026$590.6M9.4MAdded
AQR Capital ManagementquantQ1 2026$327.3M5.2MAdded
Citadel AdvisorsquantQ1 2026$264.6M4.2MReduced
Maverick CapitalQ1 2026$263.2M4.2MAdded
Millennium ManagementquantQ1 2026$240.8M4.3MReduced
Point72 Asset ManagementquantQ1 2026$231.4M3.7MAdded
Renaissance TechnologiesquantQ1 2026$197.8M3.2MAdded
Sands Capital ManagementQ1 2026$46.2M736.1KReduced
Polen Capital ManagementQ1 2026$36.4M579.7KReduced
Gotham Asset ManagementQ1 2026$30.3M483.0KAdded
Lone Pine CapitalQ1 2026$6.6M104.7KReduced
Dodge & CoxQ1 2026$5.6M88.9KHeld
Bridgewater AssociatesQ1 2026$4.8M77.0KReduced

No longer held by: Viking Global Investors (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. Multiple insiders have bought recently (a cluster buy).

Buys (90d)
4
3 insiders
Bought (90d)
$554K
open-market value
Sells (90d)
0
Signal
Cluster buy
≥2 insiders buying
Trade dateInsiderTypeSharesPriceValue
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
28.3M
settled 2026-07-15
Change vs prior
+1.2%
vs previous settlement
Days to cover
1.69
at avg daily volume
Avg daily volume
16.8M
FINRA reported
SettlementShares shortChangeDays to cover
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
2026-04-3028.6M+11.8%1.36
2026-04-1525.6M+8.9%1.80
2026-03-3123.5M-7.5%1.43

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 methodology.

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 methodology.

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 methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
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
Q2 FY2024$4.12B14.5%$322.0M$0.22

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

Company facts

ExchangeNYSE
SectorHealthcare
SIC industrySurgical & Medical Instruments & Apparatus
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2020
SEC CIK885725

Recent SEC filings

10-K2026-02-17
View on EDGAR →
10-K2025-02-18
View on EDGAR →
10-Q2026-05-01
View on EDGAR →
10-Q2025-11-03
View on EDGAR →
10-Q2025-08-01
View on EDGAR →
10-Q2025-05-01
View on EDGAR →
8-K2026-07-27
View on EDGAR →
8-K2026-05-18
View on EDGAR →

Largest medical device peers

All medical device stocksAll Healthcare companies →

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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.