Medical - Devices
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ABT vs BAX vs MDT vs BDX
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Instruments & Supplies
Medical - Devices
Medical - Instruments & Supplies
ABT vs BAX vs MDT vs BDX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Medical - Devices | Medical - Instruments & Supplies | Medical - Devices | Medical - Instruments & Supplies |
| Market Cap | $151.30B | $9.04B | $99.94B | $55.53B |
| Revenue (TTM) | $43.84B | $11.32B | $35.48B | $21.36B |
| Net Income (TTM) | $13.98B | $-1.10B | $4.61B | $1.14B |
| Gross Margin | 54.0% | 30.1% | 61.9% | 46.5% |
| Operating Margin | 17.8% | -2.7% | 17.9% | 10.6% |
| Forward P/E | 15.9x | 9.2x | 14.1x | 12.3x |
| Total Debt | $15.28B | $10.00B | $28.52B | $19.18B |
| Cash & Equiv. | $7.62B | $1.97B | $2.22B | $851M |
ABT vs BAX vs MDT vs BDX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Abbott Laboratories (ABT) | 100 | 91.7 | -8.3% |
| Baxter Internationa… (BAX) | 100 | 19.5 | -80.5% |
| Medtronic plc (MDT) | 100 | 79.1 | -20.9% |
| Becton, Dickinson a… (BDX) | 100 | 103.0 | +3.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ABT vs BAX vs MDT vs BDX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ABT carries the broadest edge in this set and is the clearest fit for long-term compounding and sleep-well-at-night.
- 173.7% 10Y total return vs BDX's 80.2%
- Lower volatility, beta 0.25, Low D/E 31.9%, current ratio 1.67x
- PEG 0.53 vs MDT's 36.00
- PEG 0.53 vs 0.74
BAX is the clearest fit if your priority is dividends.
- 3.9% yield, vs MDT's 3.6%
MDT is the clearest fit if your priority is income & stability and defensive.
- Dividend streak 36 yrs, beta 0.47, yield 3.6%
- Beta 0.47, yield 3.6%, current ratio 1.85x
- 175.8% ROA vs BAX's -5.4%, ROIC 6.0% vs -1.4%
BDX is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 8.2%, EPS growth -0.5%, 3Y rev CAGR 5.0%
- 8.2% revenue growth vs MDT's 3.6%
- +51.8% vs BAX's -41.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 8.2% revenue growth vs MDT's 3.6% | |
| Value | PEG 0.53 vs 0.74 | |
| Quality / Margins | 31.9% margin vs BAX's -9.7% | |
| Stability / Safety | Beta 0.25 vs BAX's 1.37, lower leverage | |
| Dividends | 3.9% yield, vs MDT's 3.6% | |
| Momentum (1Y) | +51.8% vs BAX's -41.8% | |
| Efficiency (ROA) | 175.8% ROA vs BAX's -5.4%, ROIC 6.0% vs -1.4% |
ABT vs BAX vs MDT vs BDX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
ABT vs BAX vs MDT vs BDX — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
BAX leads in 1 of 6 categories
ABT leads 1 • BDX leads 1 • MDT leads 0 • 3 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — ABT and MDT each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ABT is the larger business by revenue, generating $43.8B annually — 3.9x BAX's $11.3B. ABT is the more profitable business, keeping 31.9% of every revenue dollar as net income compared to BAX's -9.7%. On growth, MDT holds the edge at +8.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $43.8B | $11.3B | $35.5B | $21.4B |
| EBITDAEarnings before interest/tax | $10.9B | $671M | $9.4B | $4.2B |
| Net IncomeAfter-tax profit | $14.0B | -$1.1B | $4.6B | $1.1B |
| Free Cash FlowCash after capex | $6.9B | $501M | $5.4B | $3.1B |
| Gross MarginGross profit ÷ Revenue | +54.0% | +30.1% | +61.9% | +46.5% |
| Operating MarginEBIT ÷ Revenue | +17.8% | -2.7% | +17.9% | +10.6% |
| Net MarginNet income ÷ Revenue | +31.9% | -9.7% | +13.0% | +5.3% |
| FCF MarginFCF ÷ Revenue | +15.8% | +4.4% | +15.2% | +14.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +6.9% | +2.9% | +8.8% | -10.6% |
| EPS Growth (YoY)Latest quarter vs prior year | 0.0% | -112.0% | -11.9% | -2.0% |
Valuation Metrics
BAX leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 11.4x trailing earnings, ABT trades at a 57% valuation discount to BDX's 26.3x P/E. Adjusting for growth (PEG ratio), ABT offers better value at 0.38x vs MDT's 36.00x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $151.3B | $9.0B | $99.9B | $55.5B |
| Enterprise ValueMkt cap + debt − cash | $159.0B | $17.1B | $126.2B | $73.9B |
| Trailing P/EPrice ÷ TTM EPS | 11.39x | -10.01x | 21.60x | 26.29x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.87x | 9.17x | 14.13x | 12.27x |
| PEG RatioP/E ÷ EPS growth rate | 0.38x | — | 36.00x | 1.59x |
| EV / EBITDAEnterprise value multiple | 15.83x | 25.37x | 14.32x | 14.65x |
| Price / SalesMarket cap ÷ Revenue | 3.61x | 0.80x | 2.98x | 2.54x |
| Price / BookPrice ÷ Book value/share | 3.18x | 1.47x | 2.08x | 1.73x |
| Price / FCFMarket cap ÷ FCF | 23.82x | 27.99x | 19.28x | 20.80x |
Profitability & Efficiency
ABT leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
ABT delivers a 27.3% return on equity — every $100 of shareholder capital generates $27 in annual profit, vs $-16 for BAX. ABT carries lower financial leverage with a 0.32x debt-to-equity ratio, signaling a more conservative balance sheet compared to BAX's 1.64x. On the Piotroski fundamental quality scale (0–9), ABT scores 7/9 vs BAX's 5/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +27.3% | -16.5% | +9.4% | +4.5% |
| ROA (TTM)Return on assets | +16.6% | -5.4% | +175.8% | +2.1% |
| ROICReturn on invested capital | +9.9% | -1.4% | +6.0% | +4.3% |
| ROCEReturn on capital employed | +10.8% | -1.7% | +7.5% | +5.4% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.32x | 1.64x | 0.59x | 0.76x |
| Net DebtTotal debt minus cash | $7.7B | $8.0B | $26.3B | $18.3B |
| Cash & Equiv.Liquid assets | $7.6B | $2.0B | $2.2B | $851M |
| Total DebtShort + long-term debt | $15.3B | $10.0B | $28.5B | $19.2B |
| Interest CoverageEBIT ÷ Interest expense | 19.22x | -0.83x | 9.08x | 4.09x |
Total Returns (Dividends Reinvested)
BDX leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BDX five years ago would be worth $11,693 today (with dividends reinvested), compared to $2,566 for BAX. Over the past 12 months, BDX leads with a +51.8% total return vs BAX's -41.8%. The 3-year compound annual growth rate (CAGR) favors BDX at 1.6% vs BAX's -24.1% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -28.9% | -10.2% | -18.1% | +0.7% |
| 1-Year ReturnPast 12 months | -33.2% | -41.8% | -2.8% | +51.8% |
| 3-Year ReturnCumulative with dividends | -15.4% | -56.3% | -4.2% | +5.0% |
| 5-Year ReturnCumulative with dividends | -17.9% | -74.3% | -27.7% | +16.9% |
| 10-Year ReturnCumulative with dividends | +173.7% | -42.4% | +26.5% | +80.2% |
| CAGR (3Y)Annualised 3-year return | -5.4% | -24.1% | -1.4% | +1.6% |
Risk & Volatility
Evenly matched — ABT and BDX each lead in 1 of 2 comparable metrics.
Risk & Volatility
ABT is the less volatile stock with a 0.25 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 74.6% from its 52-week high vs BAX's 53.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.25x | 1.37x | 0.47x | 0.66x |
| 52-Week HighHighest price in past year | $139.06 | $32.68 | $106.33 | $205.52 |
| 52-Week LowLowest price in past year | $86.15 | $15.73 | $77.16 | $100.31 |
| % of 52W HighCurrent price vs 52-week peak | +62.6% | +53.6% | +73.3% | +74.6% |
| RSI (14)Momentum oscillator 0–100 | 22.9 | 44.0 | 27.3 | 32.2 |
| Avg Volume (50D)Average daily shares traded | 10.5M | 8.7M | 7.8M | 2.5M |
Analyst Outlook
Evenly matched — BAX and MDT each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: ABT as "Buy", BAX as "Hold", MDT as "Buy", BDX as "Buy". Consensus price targets imply 47.9% upside for ABT (target: $129) vs 12.8% for BDX (target: $173). For income investors, BAX offers the higher dividend yield at 3.87% vs ABT's 2.52%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | $128.71 | $19.75 | $109.50 | $172.85 |
| # AnalystsCovering analysts | 41 | 36 | 49 | 33 |
| Dividend YieldAnnual dividend ÷ price | +2.5% | +3.9% | +3.6% | +2.7% |
| Dividend StreakConsecutive years of raises | 11 | 0 | 36 | 1 |
| Dividend / ShareAnnual DPS | $2.19 | $0.68 | $2.78 | $4.17 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.9% | 0.0% | +3.2% | +1.8% |
BAX leads in 1 of 6 categories (Valuation Metrics). ABT leads in 1 (Profitability & Efficiency). 3 tied.
ABT vs BAX vs MDT vs BDX: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is ABT or BAX or MDT or BDX 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 3. 6% for Medtronic plc (MDT). Abbott Laboratories (ABT) offers the better valuation at 11. 4x trailing P/E (15. 9x forward), making it the more compelling value choice. Analysts rate Abbott Laboratories (ABT) a "Buy" — based on 41 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.
02Which has the better valuation — ABT or BAX or MDT or BDX?
On trailing P/E, Abbott Laboratories (ABT) is the cheapest at 11.
4x versus Becton, Dickinson and Company at 26. 3x. On forward P/E, Baxter International Inc. is actually cheaper at 9. 2x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Abbott Laboratories wins at 0. 53x versus Medtronic plc's 36. 00x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — ABT or BAX or MDT or BDX?
Over the past 5 years, Becton, Dickinson and Company (BDX) delivered a total return of +16.
9%, compared to -74. 3% for Baxter International Inc. (BAX). Over 10 years, the gap is even starker: ABT returned +173. 7% versus BAX's -42. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ABT or BAX or MDT or BDX?
By beta (market sensitivity over 5 years), Abbott Laboratories (ABT) is the lower-risk stock at 0.
25β versus Baxter International Inc. 's 1. 37β — meaning BAX is approximately 452% more volatile than ABT relative to the S&P 500. On balance sheet safety, Abbott Laboratories (ABT) carries a lower debt/equity ratio of 32% versus 164% for Baxter International Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — ABT or BAX or MDT or BDX?
By revenue growth (latest reported year), Becton, Dickinson and Company (BDX) is pulling ahead at 8.
2% versus 3. 6% for Medtronic plc (MDT). On earnings-per-share growth, the picture is similar: Abbott Laboratories grew EPS 133. 6% 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.
06Which has better profit margins — ABT or BAX or MDT or BDX?
Abbott Laboratories (ABT) is the more profitable company, earning 31.
9% net margin versus -8. 5% for Baxter International Inc. — meaning it keeps 31. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MDT leads at 17. 8% versus -2. 7% for BAX. At the gross margin level — before operating expenses — MDT leads at 65. 3%, 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.
07Is ABT or BAX or MDT or BDX more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Abbott Laboratories (ABT) is the more undervalued stock at a PEG of 0. 53x versus Medtronic plc's 36. 00x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Baxter International Inc. (BAX) trades at 9. 2x forward P/E versus 15. 9x for Abbott Laboratories — 6. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ABT: 47. 9% to $128. 71.
08Which pays a better dividend — ABT or BAX or MDT or BDX?
All stocks in this comparison pay dividends.
Baxter International Inc. (BAX) offers the highest yield at 3. 9%, versus 2. 5% for Abbott Laboratories (ABT).
09Is ABT or BAX or MDT or BDX better for a retirement portfolio?
For long-horizon retirement investors, Abbott Laboratories (ABT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
25), 2. 5% yield, +173. 7% 10Y return). Both have compounded well over 10 years (ABT: +173. 7%, BAX: -42. 4%), 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.
10What are the main differences between ABT and BAX and MDT and BDX?
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: ABT is a mid-cap deep-value stock; BAX is a small-cap income-oriented stock; MDT is a mid-cap income-oriented stock; BDX is a mid-cap quality compounder 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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