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BOSTON SCIENTIFIC CORP BSX

NYSE · stock · Surgical & Medical Instruments & Apparatus · website · IPO 1992-05-19 · LEI

BOSTON SCIENTIFIC CORP statistics & valuation

Market cap$65.7B
P / S3.3×
P / B2.7×
P / FCF18.0×
FCF margin18.2%
Return on capital9.4%
Graham number -48%$26.73

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 ($26.73); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
65.70% 71.30% 71.40% 71.00% 65.00% 68.80% 68.80% 69.50% 68.60% 69.00% 2016201720182019202020212022202320242025
Operating margin (%)
4.90% 14.20% 15.30% 14.10% -0.80% 10.10% 13.00% 16.50% 15.50% 18.00% 2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
1.38B 1.39B 1.40B 1.41B 1.42B 1.43B 1.44B 1.46B 1.49B 1.49B 2016201720182019202020212022202320242025
Net debt ($)
$5.22B $3.63B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2016201720182019202020212022202320242025
Free cash flow margin (%)
8.90% 12.20% -0.10% 12.80% 11.40% 11.10% 7.40% 12.60% 15.80% 18.20% 2016201720182019202020212022202320242025
Debt / equity (×)
0.80× 0.54× 2016201720182019202020212022202320242025
EPS ($)
$0.25 $0.08 $1.19 $3.33 -$0.08 $0.69 $0.45 $1.07 $1.25 $1.94 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

BOSTON SCIENTIFIC CORP trades at about 26.5× earnings — below its 10-year norm (10-year range 12.6×–349.5×, median 62.2×).

12.6× 349.5×

Shaded band = 10-year range (12.6×–349.5×); dot = today's 26.5×.

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 margin69.0%68.6%69.5%68.8%68.8%65.0%71.0%71.4%71.3%65.7%
Operating margin18.0%15.5%16.5%13.0%10.1%-0.8%14.1%15.3%14.2%4.9%
FCF margin18.2%15.8%12.6%7.4%11.1%11.4%12.8%-0.1%12.2%8.9%
Debt / equity————————0.54×0.80×
Current ratio1.621.081.321.511.481.820.970.760.680.90

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.