Stocktoria

BECTON DICKINSON & CO BDX

NYSE · stock · Surgical & Medical Instruments & Apparatus · website · IPO 1963-09-25

BECTON DICKINSON & CO statistics & valuation

Market cap$43.0B
P / E25.6×
P / S2.0×
P / B1.7×
P / FCF16.1×
Dividend yield2.78%
Net margin7.7%
Return on equity6.6%
FCF margin12.2%
Net debt$17.1B
Net debt / EBITDA3.4×
Enterprise value USD$60.0B
EV / EBITDA11.9×
Earnings yield EBIT/EV4.3%
Return on capital5.5%
Graham number -41.5%$107.35

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($107.35); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
7.80% 9.10% 1.90% 7.10% 5.40% 10.90% 9.40% 7.70% 8.40% 7.70% 2016201720182019202020212022202320242025
Gross margin (%)
48.00% 49.10% 45.40% 47.90% 47.10% 2016201720182019202020212022202320242025
Operating margin (%)
11.50% 12.60% 9.40% 10.20% 5.70% 11.80% 12.10% 10.90% 11.90% 11.80% 2016201720182019202020212022202320242025
Return on equity (%)
12.80% 8.50% 1.50% 5.80% 3.70% 8.80% 7.00% 5.80% 6.60% 6.60% 2016201720182019202020212022202320242025
Shares outstanding
217.5M 223.6M 264.6M 274.8M 282.4M 292.1M 287.4M 288.4M 291.0M 288.5M 2016201720182019202020212022202320242025
Net debt ($)
$9.01B $4.49B $17.75B $17.55B $14.40B $14.83B $12.88B $13.32B $16.22B $17.05B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.80% 2.90% 0.60% 2.40% 1.60% 3.90% 3.40% 2.80% 3.00% 3.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
14.90% 15.10% 12.30% 13.70% 17.20% 18.00% 7.90% 10.90% 15.50% 12.20% 2016201720182019202020212022202320242025
Debt / equity (×)
1.38× 1.44× 0.90× 0.86× 0.72× 0.72× 0.55× 0.57× 0.69× 0.69× 2016201720182019202020212022202320242025
EPS ($)
$4.49 $4.60 $0.60 $3.94 $2.71 $6.85 $5.88 $4.94 $5.86 $5.82 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

BECTON DICKINSON & CO trades at about 31.5× earnings — near its 10-year norm (10-year range 24.1×–294.7×, median 34.8×).

24.1× 294.7×

Shaded band = 10-year range (24.1×–294.7×); dot = today's 31.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin—————47.1%47.9%45.4%49.1%48.0%
Operating margin11.8%11.9%10.9%12.1%11.8%5.7%10.2%9.4%12.6%11.5%
Net margin7.7%8.4%7.7%9.4%10.9%5.4%7.1%1.9%9.1%7.8%
FCF margin12.2%15.5%10.9%7.9%18.0%17.2%13.7%12.3%15.1%14.9%
Return on assets3.0%3.0%2.8%3.4%3.9%1.6%2.4%0.6%2.9%3.8%
Return on equity6.6%6.6%5.8%7.0%8.8%3.7%5.8%1.5%8.5%12.8%
Debt / equity0.69×0.69×0.57×0.55×0.72×0.72×0.86×0.90×1.44×1.38×
Current ratio1.111.171.311.041.331.541.181.035.581.45

Computed from company filings · US · as of 2025-09-30. Facts plus Stocktoria's own computed scores — not investment advice.