Becton Dickinson & Co

LTS : 0R19
USA·Healthcare·Medical Devices & Instruments·Ordinary Shares
$191.33
−3.47 (−1.98%)Oct 16 close
Market Cap
$54.43B
Enterprise Value
$73.22B
P/E (TTM)
31.27
P/B
2.16
Net Cash / (Debt)
−$18.79B
52-Week Range
$138 — $200
5-Year Range
$128 — $225
Avg Volume (3M)
1.84K
ListingsLTSXTERNYSE

Becton Dickinson is the world's largest manufacturer and distributor of medical surgical products, such as needles, syringes, and sharps-disposal units. The company also manufactures prefilled devices, diagnostic instruments, and reagents, as well as flow cytometry and cell-imaging systems. On a 2025 sales basis, following the spinoff, BD Medical Essentials represented 34% of revenue, the Interventional segment 28%, Connected Care 25%, and Biopharma 13%. International revenue accounts for 43% of the company's business.

Employees72,000IPONov 4, 2014SIC3841HQ1 Becton Drive, Franklin Lakes, NJ, USA, 07417-1880
to

Financials

Profitability

Metric
Current
Margins
Gross Margin
46.1%
Operating Margin
14.2%
EBITDA Margin
23.0%
Net Margin
8.0%
OCF Margin
—
FCF Margin
12.0%
Returns on Capital
ROE
6.9%
ROA
3.2%
ROIC
5.8%
ROCE
5.5%
ROC (Greenblatt)
29.6%
3Y ROIIC
41.4%
Consistency
Years Profitable / 10Y
10

Valuation

Metric
Current
Earnings Multiples
P/E (TTM)
31.27
Forward P/E
15.68
P/E ex-NRI
13.80
Shiller P/E (CAPE)
35.81
Cash Flow Multiples
P/FCF
20.92
P/OCF
16.22
P/Owner Earnings
23.14
FCF Yield
4.82%
Enterprise Value Multiples
EV / EBIT
28.38
EV / Forward EBIT
35.75
EV / EBITDA
14.50
EV / Forward EBITDA
16.73
EV / Revenue
3.34
EV / Forward Revenue
3.74
Asset / Sales
P/S
2.51
P/B
2.16
P/Tangible Book
—
Growth-Adjusted
PEG
1.79

Capital Returns

Metric
Current
Dividends
Dividend Yield (TTM)
2.18%
Forward Dividend Yield
2.19%
3Y Dividend Growth
6.1%
Payout Ratio
0.30
5Y Yield on Cost
3.11%
Buybacks & Dilution
3Y Buyback Ratio
−0.20%
5Y Share Change
2.5%
Combined
Shareholder Yield
2.12%

Balance Sheet

Metric
Current
Leverage
Debt / Equity
0.77
Gross Debt / EBITDA
3.87
Cash / Debt
0.04
Equity / Assets
0.46
Coverage
Interest Coverage
5.08
Short-Term Liquidity
Current Ratio
1.05
Quick Ratio
0.58
Cash Ratio
0.09
Composite Scores
Piotroski F-Score
7
Altman Z-Score
1.98

5-Step DuPont Analysis

ROE %
6.96%
Net Margin %
8.01%
Operating Margin %
14.16%
Operating Income
$3.10B
÷
Revenue
$21.92B
×
Tax Burden
0.8923
Net Income
$1.76B
÷
Pretax Income
$1.97B
×
Interest Burden
0.6343
Pretax Income
$1.97B
÷
Operating Income
$3.10B
×
Asset Turnover
0.40
Revenue
$21.92B
÷
Average Total Assets
$54.75B
Begin Total Assets
$54.66B
End Total Assets
$54.84B
×
Equity Multiplier
2.17
Avg Total Assets
$54.75B
÷
Avg Stockholders Equity
$25.24B
Begin Equity
$25.20B
End Equity
$25.28B