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Stock Comparison

BDX vs BAX

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
BDX
Becton, Dickinson and Company

Medical - Instruments & Supplies

HealthcareNYSE • US
Market Cap$52.45B
5Y Perf.-2.7%
BAX
Baxter International Inc.

Medical - Instruments & Supplies

HealthcareNYSE • US
Market Cap$8.77B
5Y Perf.-81.1%

BDX vs BAX — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
BDX logoBDX
BAX logoBAX
IndustryMedical - Instruments & SuppliesMedical - Instruments & Supplies
Market Cap$52.45B$8.77B
Revenue (TTM)$21.92B$11.32B
Net Income (TTM)$1.76B$-1.10B
Gross Margin45.8%30.1%
Operating Margin12.4%-2.7%
Forward P/E11.6x8.9x
Total Debt$19.18B$10.00B
Cash & Equiv.$851M$1.97B

BDX vs BAXLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

BDX
BAX
StockMay 20May 26Return
Becton, Dickinson a… (BDX)10097.3-2.7%
Baxter Internationa… (BAX)10018.9-81.1%

Price return only. Dividends and distributions are not included.

Quick Verdict: BDX vs BAX

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: BDX leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Baxter International Inc. is the stronger pick specifically for valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
BDX
Becton, Dickinson and Company
The Income Pick

BDX carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 1 yrs, beta 0.66, yield 2.9%
  • Rev growth 8.2%, EPS growth -0.5%, 3Y rev CAGR 5.0%
  • 72.9% 10Y total return vs BAX's -43.5%
Best for: income & stability and growth exposure
BAX
Baxter International Inc.
The Defensive Pick

BAX is the clearest fit if your priority is defensive.

  • Beta 1.37, yield 4.0%, current ratio 2.31x
  • Lower P/E (8.9x vs 11.6x)
Best for: defensive
See the full category breakdown
CategoryWinnerWhy
GrowthBDX logoBDX8.2% revenue growth vs BAX's 5.7%
ValueBAX logoBAXLower P/E (8.9x vs 11.6x)
Quality / MarginsBDX logoBDX8.0% margin vs BAX's -9.7%
Stability / SafetyBDX logoBDXBeta 0.66 vs BAX's 1.37, lower leverage
DividendsBDX logoBDX2.9% yield, 1-year raise streak, vs BAX's 4.0%
Momentum (1Y)BDX logoBDX+45.3% vs BAX's -42.1%
Efficiency (ROA)BDX logoBDX3.2% ROA vs BAX's -5.4%, ROIC 4.3% vs -1.4%

BDX vs BAX — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

BDXBecton, Dickinson and Company
FY 2025
Medical
52.5%$11.5B
Interventional
23.9%$5.2B
Life Sciences
23.7%$5.2B
BAXBaxter International Inc.
FY 2025
Medical Products And Therapies
48.8%$5.3B
Healthcare Systems and Technologies
28.3%$3.1B
Pharmaceuticals
22.9%$2.5B

BDX vs BAX — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLBDXLAGGINGBAX

Income & Cash Flow (Last 12 Months)

BDX leads this category, winning 5 of 6 comparable metrics.

BDX is the larger business by revenue, generating $21.9B annually — 1.9x BAX's $11.3B. BDX is the more profitable business, keeping 8.0% of every revenue dollar as net income compared to BAX's -9.7%.

MetricBDX logoBDXBecton, Dickinson…BAX logoBAXBaxter Internatio…
RevenueTrailing 12 months$21.9B$11.3B
EBITDAEarnings before interest/tax$5.2B$671M
Net IncomeAfter-tax profit$1.8B-$1.1B
Free Cash FlowCash after capex$2.6B$501M
Gross MarginGross profit ÷ Revenue+45.8%+30.1%
Operating MarginEBIT ÷ Revenue+12.4%-2.7%
Net MarginNet income ÷ Revenue+8.0%-9.7%
FCF MarginFCF ÷ Revenue+12.0%+4.4%
Rev. Growth (YoY)Latest quarter vs prior year+1.6%+2.9%
EPS Growth (YoY)Latest quarter vs prior year+28.8%-112.0%
BDX leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

BAX leads this category, winning 4 of 6 comparable metrics.

On an enterprise value basis, BDX's 14.0x EV/EBITDA is more attractive than BAX's 25.0x.

MetricBDX logoBDXBecton, Dickinson…BAX logoBAXBaxter Internatio…
Market CapShares × price$52.4B$8.8B
Enterprise ValueMkt cap + debt − cash$70.8B$16.8B
Trailing P/EPrice ÷ TTM EPS24.83x-9.70x
Forward P/EPrice ÷ next-FY EPS est.11.59x8.90x
PEG RatioP/E ÷ EPS growth rate1.50x
EV / EBITDAEnterprise value multiple14.04x24.97x
Price / SalesMarket cap ÷ Revenue2.40x0.78x
Price / BookPrice ÷ Book value/share1.64x1.43x
Price / FCFMarket cap ÷ FCF19.64x27.14x
BAX leads this category, winning 4 of 6 comparable metrics.

Profitability & Efficiency

BDX leads this category, winning 7 of 9 comparable metrics.

BDX delivers a 6.9% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $-16 for BAX. BDX carries lower financial leverage with a 0.76x debt-to-equity ratio, signaling a more conservative balance sheet compared to BAX's 1.64x. On the Piotroski fundamental quality scale (0–9), BDX scores 7/9 vs BAX's 5/9, reflecting strong financial health.

MetricBDX logoBDXBecton, Dickinson…BAX logoBAXBaxter Internatio…
ROE (TTM)Return on equity+6.9%-16.5%
ROA (TTM)Return on assets+3.2%-5.4%
ROICReturn on invested capital+4.3%-1.4%
ROCEReturn on capital employed+5.4%-1.7%
Piotroski ScoreFundamental quality 0–975
Debt / EquityFinancial leverage0.76x1.64x
Net DebtTotal debt minus cash$18.3B$8.0B
Cash & Equiv.Liquid assets$851M$2.0B
Total DebtShort + long-term debt$19.2B$10.0B
Interest CoverageEBIT ÷ Interest expense4.65x-0.83x
BDX leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

BDX leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in BDX five years ago would be worth $11,037 today (with dividends reinvested), compared to $2,479 for BAX. Over the past 12 months, BDX leads with a +45.3% total return vs BAX's -42.1%. The 3-year compound annual growth rate (CAGR) favors BDX at -0.1% vs BAX's -24.8% — a key indicator of consistent wealth creation.

MetricBDX logoBDXBecton, Dickinson…BAX logoBAXBaxter Internatio…
YTD ReturnYear-to-date-4.9%-12.9%
1-Year ReturnPast 12 months+45.3%-42.1%
3-Year ReturnCumulative with dividends-0.4%-57.4%
5-Year ReturnCumulative with dividends+10.4%-75.2%
10-Year ReturnCumulative with dividends+72.9%-43.5%
CAGR (3Y)Annualised 3-year return-0.1%-24.8%
BDX leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

BDX leads this category, winning 2 of 2 comparable metrics.

BDX is the less volatile stock with a 0.66 beta — it tends to amplify market swings less than BAX's 1.37 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BDX currently trades 70.4% from its 52-week high vs BAX's 52.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricBDX logoBDXBecton, Dickinson…BAX logoBAXBaxter Internatio…
Beta (5Y)Sensitivity to S&P 5000.66x1.37x
52-Week HighHighest price in past year$205.52$32.68
52-Week LowLowest price in past year$100.31$15.73
% of 52W HighCurrent price vs 52-week peak+70.4%+52.0%
RSI (14)Momentum oscillator 0–10030.541.4
Avg Volume (50D)Average daily shares traded2.5M8.7M
BDX leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Evenly matched — BDX and BAX each lead in 1 of 2 comparable metrics.

Wall Street rates BDX as "Buy" and BAX as "Hold". Consensus price targets imply 19.4% upside for BDX (target: $173) vs 16.3% for BAX (target: $20). For income investors, BAX offers the higher dividend yield at 4.00% vs BDX's 2.88%.

MetricBDX logoBDXBecton, Dickinson…BAX logoBAXBaxter Internatio…
Analyst RatingConsensus buy/hold/sellBuyHold
Price TargetConsensus 12-month target$172.85$19.75
# AnalystsCovering analysts3336
Dividend YieldAnnual dividend ÷ price+2.9%+4.0%
Dividend StreakConsecutive years of raises10
Dividend / ShareAnnual DPS$4.17$0.68
Buyback YieldShare repurchases ÷ mkt cap+1.9%0.0%
Evenly matched — BDX and BAX each lead in 1 of 2 comparable metrics.
Key Takeaway

BDX leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). BAX leads in 1 (Valuation Metrics). 1 tied.

Best OverallBecton, Dickinson and Compa… (BDX)Leads 4 of 6 categories
Loading custom metrics...

BDX vs BAX: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is BDX or BAX a better buy right now?

For growth investors, Becton, Dickinson and Company (BDX) is the stronger pick with 8.

2% revenue growth year-over-year, versus 5. 7% for Baxter International Inc. (BAX). Becton, Dickinson and Company (BDX) offers the better valuation at 24. 8x trailing P/E (11. 6x forward), making it the more compelling value choice. Analysts rate Becton, Dickinson and Company (BDX) a "Buy" — based on 33 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — BDX or BAX?

On forward P/E, Baxter International Inc.

is actually cheaper at 8. 9x — notably different from the trailing picture, reflecting expected earnings growth.

03

Which is the better long-term investment — BDX or BAX?

Over the past 5 years, Becton, Dickinson and Company (BDX) delivered a total return of +10.

4%, compared to -75. 2% for Baxter International Inc. (BAX). Over 10 years, the gap is even starker: BDX returned +72. 9% versus BAX's -43. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — BDX or BAX?

By beta (market sensitivity over 5 years), Becton, Dickinson and Company (BDX) is the lower-risk stock at 0.

66β versus Baxter International Inc. 's 1. 37β — meaning BAX is approximately 108% more volatile than BDX relative to the S&P 500. On balance sheet safety, Becton, Dickinson and Company (BDX) carries a lower debt/equity ratio of 76% versus 164% for Baxter International Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — BDX or BAX?

By revenue growth (latest reported year), Becton, Dickinson and Company (BDX) is pulling ahead at 8.

2% versus 5. 7% for Baxter International Inc. (BAX). On earnings-per-share growth, the picture is similar: Becton, Dickinson and Company grew EPS -0. 5% year-over-year, compared to -37. 8% for Baxter International Inc.. Over a 3-year CAGR, BDX leads at 5. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — BDX or BAX?

Becton, Dickinson and Company (BDX) is the more profitable company, earning 7.

7% net margin versus -8. 5% for Baxter International Inc. — meaning it keeps 7. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BDX leads at 11. 8% versus -2. 7% for BAX. At the gross margin level — before operating expenses — BDX leads at 45. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is BDX or BAX more undervalued right now?

On forward earnings alone, Baxter International Inc.

(BAX) trades at 8. 9x forward P/E versus 11. 6x for Becton, Dickinson and Company — 2. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BDX: 19. 4% to $172. 85.

08

Which pays a better dividend — BDX or BAX?

All stocks in this comparison pay dividends.

Baxter International Inc. (BAX) offers the highest yield at 4. 0%, versus 2. 9% for Becton, Dickinson and Company (BDX).

09

Is BDX or BAX better for a retirement portfolio?

For long-horizon retirement investors, Becton, Dickinson and Company (BDX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

66), 2. 9% yield). Both have compounded well over 10 years (BDX: +72. 9%, BAX: -43. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between BDX and BAX?

Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: BDX is a mid-cap quality compounder stock; BAX is a small-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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BDX

Income & Dividend Stock

  • Sector: Healthcare
  • Market Cap > $100B
  • Net Margin > 5%
  • Dividend Yield > 1.1%
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Income & Dividend Stock

  • Sector: Healthcare
  • Market Cap > $100B
  • Gross Margin > 18%
  • Dividend Yield > 1.5%
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