Stock · BDX · Healthcare

Becton Dickinson and Company

United States · Large Cap · listed since 1987 · Revenue 12 mo. $20.8B

Price as of 11/06/2026

StockScorer score
2.7
of 10 3 of 11 points Low Match To the score
Price
$211.88
1 Y +42.3%
Market cap
$57.5B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue +5.0% a year (3 years)EBIT margin 11.8%Payout 60.6% of operating cash flow

Becton, Dickinson and Company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

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Becton, Dickinson and Company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide. It operates through Medical Essentials, Connected Care, BioPharma Systems, Interventional and Life Sciences segments. It provides peripheral intravenous (IV) and advanced peripheral catheters, central lines, acute dialysis catheters, vascular access technology, vascular care and preparation products, needle-free IV connectors and extensions sets, closed-system drug transfer devices, hazardous drug detections, hypodermic syringes and needles, anesthesia needles and trays, enteral syringes, and sharps disposal systems; IV medication safety and infusion therapy delivery systems, medication compounding workflow system, automated medication dispensing and supply management systems, informatics and analytics and pharmacy automation system, and medication inventory optimization and tracking system; hemodynamic monitoring system; and prefillable drug delivery systems. It also offers specimen and blood collection products; automated blood and tuberculosis culturing, molecular testing, and microorganism identification and drug susceptibility, as well as rapid diagnostic assays, microbiology laboratory automation products, and plated media products; and fluorescence-activated cell sorters and analyzers, antibodies and kits, reagent system, and solution for single-cell gene expression analysis, as well as clinical oncology, immunological, and transplantation diagnostic/monitoring reagents and analyzers. It provides hernia and soft tissue repair, biological and bioresorbable graft, biosurgery, and other surgical products; surgical infection prevention, peripheral intervention, and urology and critical care products. The company was founded in 1897 and is headquartered in Franklin Lakes, New Jersey.

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Summary

Becton Dickinson and Company is around the middle of the Healthcare sector overall

55.7 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 9.3% FCF growth a year, more than achieved over the last 5 and 10 years.

If free cash flow stays at €2.4B (2025), it supports €26.6B. The remaining €25B of the market value assume it grows 9.3% a year for 10 years and not at all afterwards.

Required FCF growth per year

9.3%

no growth afterwards

Market value breakdown€51.6B market value, price as of 11/06/2026

€26.6B without growth
€25B priced-in growth
  • 5 yrs achieved 0.2%
  • 10 yrs achieved 6.5%
  • priced in 9.3%

Valuation against its own history

Price to operating cash flow 17.5×, within its usual range.

Middle half of 20 quarters: 12.7× to 19.8×, median 15.0×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

2 signs support the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

  • High, stable gross margin median 45.3%, range 7.2 pp (10 years)
  • Steady FCF margin at least 8.8%, range 9.1 pp (10 years)

What speaks against it

with respect to the priced-in expectation

  • Expectation above the company's own record priced in 9.3%, achieved at most 6.5%

Since the last quarter

Q1 → Q2 2026

Mostly worse than the previous quarter: 2 of 3 changes for the worse.

  • FCF, 12 mo.$3.1B → $2.6B−17.1%worse
  • FCF margin14.7% → 12.5%−2.2 ppworse
  • Shares outstanding281M → 275M−2.0%better

5 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, Net debt, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability34.2below the middleEarns less than the sector: Return on equity 6.61%, sector 11.52%.
MetricStockSector medianPosition in sector
Return on equity6.61%11.52%Rank 23
Return on capital (Greenblatt)32.47%32.55%Rank 50
EBIT margin11.80%18.31%Rank 29
FCF margin12.23%14.12%Rank 39
Gross margin45.44%60.99%Rank 31
Growth47.3around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year8.23%8.04%Rank 50
Earnings growth, 3 years per year−1.90%5.44%Rank 31
Earnings growth, 5 years per year13.56%7.00%Rank 64
Sustainable growth (ROE × retained earnings)3.48%3.66%Rank 45
Valuation48.5around the middleValued about like the sector.
MetricStockSector medianPosition in sector
Earnings yield2.76%2.90%Rank 45
FCF yield4.64%3.63%Rank 66
EV/saleslower is better3.474.03Rank 54
EV/EBITlower is better29.4121.73Rank 29
Momentum83.5above the middleShare price doing better than the sector: Distance from 52-week high −0.78%, sector −7.35%.
MetricStockSector medianPosition in sector
Share price, 1 year42.32%8.66%Rank 85
Share price, 6 months42.28%24.27%Rank 80
Share price, 3 months24.93%15.42%Rank 82
Distance from 52-week high−0.78%−7.35%Rank 87
Quality79.6above the middleQuality above the sector: Dividend streak in years 42, sector 10.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−1.66%0.30%Rank 69
Change in share countlower is better−1.34%0.00%Rank 71
Dividend streak in years4210Rank 98
Price reaction to results, market-adjusted4.00%0.05%Rank 80
Balance sheet & risk41.2around the middleRisk about like the sector.
MetricStockSector medianPosition in sector
Equity ratio45.89%48.40%Rank 42
Net debt/EBITDAlower is better3.701.11Rank 8
Debt to equitylower is better0.760.48Rank 32
Volatility, 1 yearlower is better26.07%31.42%Rank 83

Ten years in figures

Revenue from $12.5B (2016) to $21.8B (2025), 6.4% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCF, $BSharesNet debt, $B
201612.511.5%1.8218M10.0
201712.112.6%1.8224M4.7
201816.09.4%2.0265M20.4
201917.310.2%2.4275M18.9
202016.15.7%2.7282M15.1
202119.111.8%3.4292M16.0
202218.912.1%1.7287M15.8
202319.410.9%2.1288M15.3
202420.211.9%3.1291M19.7
202521.811.8%2.7287M18.3
2.7 / 10Low MatchStockScorer score3 of 11 points

2 of 7 StockScorer Score rules met · How the score is built

Becton Dickinson and Company mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 0%This stock · Growth: 0%This stock · Valuation: 100%This stock · Momentum: 100%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Becton Dickinson and Company's score is built

Becton Dickinson and Company is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

2 of 7 rules met

3 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketmet1 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Becton Dickinson and Company stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Trending Value: Value + Momentum
  • StockScorer Score
  • Mohanram G-Score: Growth Quality
  • Magic Formula: Value + Quality
  • Altman Z-Score: Stress Test
  • Moat Quality
  • Undervalued Stocks: Multi-Factor Check
  • Levermann Strategy (13 Criteria)
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Balanced GARP
  • High-Growth / Rule of 40
  • PEG Strategy (inspired by Peter Lynch)

Becton Dickinson and Company key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Becton Dickinson and Company.

MetricStockSector
P/E ratio36.330.0
P/B ratio2.44.8
Return on equity (ROE)6.6%11.5%
Equity ratio45.9%48.4%
Debt-to-equity (D/E)0.760.48
Dividend yield1.9%1.3%

Similar stocks in Healthcare

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
BDXBecton Dickinson and Companythis page
MDLNMedline Inc. Class A Common Stocklocked
RMDResMed IncHigh7.3
WSTWest Pharmaceutical Services IncLow3.6
SOLVSolventum Corp.locked
ISRGIntuitive Surgical Inclocked

Frequently asked questions about Becton Dickinson and Company stock

How does Becton Dickinson and Company stock (BDX) score in the StockScorer model?
Becton Dickinson and Company stock reaches a StockScorer score of 2.7 out of 10, which is a low match with the rule-based strategies. 2 out of 7 flagship profile rules are met.
What is Becton Dickinson and Company's P/E ratio?
Becton Dickinson and Company's P/E ratio is 36.3. The Healthcare sector median is 30.0.
What sector is Becton Dickinson and Company in?
Becton Dickinson and Company is assigned to the Healthcare sector. Its rank within the sector is 55.7 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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