Medical - Instruments & Supplies
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5 / 10Stock Comparison
BAX vs BDX vs BSX vs EW vs ICU
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Instruments & Supplies
Medical - Devices
Medical - Devices
Biotechnology
BAX vs BDX vs BSX vs EW vs ICU — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Medical - Instruments & Supplies | Medical - Instruments & Supplies | Medical - Devices | Medical - Devices | Biotechnology |
| Market Cap | $9.04B | $55.53B | $84.08B | $47.72B | $29M |
| Revenue (TTM) | $11.32B | $21.36B | $20.07B | $6.07B | $881K |
| Net Income (TTM) | $-1.10B | $1.14B | $2.89B | $1.07B | $-14M |
| Gross Margin | 30.1% | 46.5% | 69.0% | 78.1% | 95.3% |
| Operating Margin | -2.7% | 10.6% | 19.8% | 26.7% | -15.8% |
| Forward P/E | 9.2x | 12.3x | 16.7x | 27.5x | — |
| Total Debt | $10.00B | $19.18B | $12.42B | $705M | $574K |
| Cash & Equiv. | $1.97B | $851M | $2.04B | $2.94B | $2M |
BAX vs BDX vs BSX vs EW vs ICU — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Sep 22 | May 26 | Return |
|---|---|---|---|
| Baxter Internationa… (BAX) | 100 | 32.5 | -67.5% |
| Becton, Dickinson a… (BDX) | 100 | 111.3 | +11.3% |
| Boston Scientific C… (BSX) | 100 | 146.1 | +46.1% |
| Edwards Lifescience… (EW) | 100 | 100.2 | +0.2% |
| SeaStar Medical Hol… (ICU) | 100 | 1.9 | -98.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BAX vs BDX vs BSX vs EW vs ICU
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BAX ranks third and is worth considering specifically for defensive.
- Beta 1.37, yield 3.9%, current ratio 2.31x
- 3.9% yield, vs BDX's 2.7%, (3 stocks pay no dividend)
BDX is the clearest fit if your priority is income & stability and valuation efficiency.
- Dividend streak 1 yrs, beta 0.66, yield 2.7%
- PEG 0.74 vs EW's 3.89
- Better valuation composite
BSX is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 19.9%, EPS growth 55.2%, 3Y rev CAGR 16.5%
- 155.5% 10Y total return vs EW's 133.4%
- Beta 0.34 vs BAX's 1.37, lower leverage
EW has the current edge in this matchup, primarily because of its strength in sleep-well-at-night.
- Lower volatility, beta 0.65, Low D/E 6.8%, current ratio 3.72x
- 17.6% margin vs ICU's -15.5%
- 8.0% ROA vs ICU's -88.0%
ICU is the #2 pick in this set and the best alternative if growth and momentum is your priority.
- 12.0% revenue growth vs BAX's 5.7%
- +291.9% vs BSX's -46.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 12.0% revenue growth vs BAX's 5.7% | |
| Value | Better valuation composite | |
| Quality / Margins | 17.6% margin vs ICU's -15.5% | |
| Stability / Safety | Beta 0.34 vs BAX's 1.37, lower leverage | |
| Dividends | 3.9% yield, vs BDX's 2.7%, (3 stocks pay no dividend) | |
| Momentum (1Y) | +291.9% vs BSX's -46.0% | |
| Efficiency (ROA) | 8.0% ROA vs ICU's -88.0% |
BAX vs BDX vs BSX vs EW vs ICU — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
BAX vs BDX vs BSX vs EW vs ICU — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
BAX leads in 1 of 6 categories
EW leads 1 • BSX leads 1 • BDX leads 0 • ICU leads 0 • 3 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — EW and ICU each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BDX is the larger business by revenue, generating $21.4B annually — 24250.9x ICU's $881,000. EW is the more profitable business, keeping 17.6% of every revenue dollar as net income compared to ICU's -15.5%. On growth, ICU holds the edge at +169.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $11.3B | $21.4B | $20.1B | $6.1B | $881,000 |
| EBITDAEarnings before interest/tax | $671M | $4.2B | $4.7B | $1.8B | -$14M |
| Net IncomeAfter-tax profit | -$1.1B | $1.1B | $2.9B | $1.1B | -$14M |
| Free Cash FlowCash after capex | $501M | $3.1B | $3.6B | $1.3B | -$14M |
| Gross MarginGross profit ÷ Revenue | +30.1% | +46.5% | +69.0% | +78.1% | +95.3% |
| Operating MarginEBIT ÷ Revenue | -2.7% | +10.6% | +19.8% | +26.7% | -15.8% |
| Net MarginNet income ÷ Revenue | -9.7% | +5.3% | +14.4% | +17.6% | -15.5% |
| FCF MarginFCF ÷ Revenue | +4.4% | +14.7% | +18.1% | +22.0% | -16.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.9% | -10.6% | +15.9% | +13.3% | +169.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -112.0% | -2.0% | +18.5% | -75.4% | +88.2% |
Valuation Metrics
BAX leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 26.3x trailing earnings, BDX trades at a 42% valuation discount to EW's 45.2x P/E. Adjusting for growth (PEG ratio), BDX offers better value at 1.59x vs EW's 6.39x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $9.0B | $55.5B | $84.1B | $47.7B | $29M |
| Enterprise ValueMkt cap + debt − cash | $17.1B | $73.9B | $94.5B | $45.5B | $28M |
| Trailing P/EPrice ÷ TTM EPS | -10.01x | 26.29x | 29.16x | 45.23x | -0.73x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.17x | 12.27x | 16.75x | 27.52x | — |
| PEG RatioP/E ÷ EPS growth rate | — | 1.59x | — | 6.39x | — |
| EV / EBITDAEnterprise value multiple | 25.37x | 14.65x | 25.30x | 25.37x | — |
| Price / SalesMarket cap ÷ Revenue | 0.80x | 2.54x | 4.19x | 7.86x | 215.18x |
| Price / BookPrice ÷ Book value/share | 1.47x | 1.73x | 3.46x | 4.69x | — |
| Price / FCFMarket cap ÷ FCF | 27.99x | 20.80x | 22.99x | 35.75x | — |
Profitability & Efficiency
EW leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
BSX delivers a 12.4% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $-119 for ICU. EW carries lower financial leverage with a 0.07x 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.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | -16.5% | +4.5% | +12.4% | +10.4% | -119.2% |
| ROA (TTM)Return on assets | -5.4% | +2.1% | +6.9% | +8.0% | -88.0% |
| ROICReturn on invested capital | -1.4% | +4.3% | +8.8% | +15.5% | — |
| ROCEReturn on capital employed | -1.7% | +5.4% | +11.1% | +14.0% | — |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 | 7 | 6 | 6 |
| Debt / EquityFinancial leverage | 1.64x | 0.76x | 0.51x | 0.07x | — |
| Net DebtTotal debt minus cash | $8.0B | $18.3B | $10.4B | -$2.2B | -$1M |
| Cash & Equiv.Liquid assets | $2.0B | $851M | $2.0B | $2.9B | $2M |
| Total DebtShort + long-term debt | $10.0B | $19.2B | $12.4B | $705M | $574,000 |
| Interest CoverageEBIT ÷ Interest expense | -0.83x | 4.09x | 11.03x | — | -209.88x |
Total Returns (Dividends Reinvested)
BSX leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BSX five years ago would be worth $13,117 today (with dividends reinvested), compared to $189 for ICU. Over the past 12 months, ICU leads with a +291.9% total return vs BSX's -46.0%. The 3-year compound annual growth rate (CAGR) favors BSX at 2.1% vs ICU's -53.7% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -10.2% | +0.7% | -40.3% | -3.0% | +84.7% |
| 1-Year ReturnPast 12 months | -41.8% | +51.8% | -46.0% | +10.3% | +291.9% |
| 3-Year ReturnCumulative with dividends | -56.3% | +5.0% | +6.5% | -7.0% | -90.1% |
| 5-Year ReturnCumulative with dividends | -74.3% | +16.9% | +31.2% | -10.2% | -98.1% |
| 10-Year ReturnCumulative with dividends | -42.4% | +80.2% | +155.5% | +133.4% | -98.1% |
| CAGR (3Y)Annualised 3-year return | -24.1% | +1.6% | +2.1% | -2.4% | -53.7% |
Risk & Volatility
Evenly matched — BSX and ICU each lead in 1 of 2 comparable metrics.
Risk & Volatility
BSX is the less volatile stock with a 0.34 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. ICU currently trades 95.6% from its 52-week high vs BSX's 51.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.37x | 0.66x | 0.34x | 0.65x | 1.06x |
| 52-Week HighHighest price in past year | $32.68 | $205.52 | $109.50 | $87.89 | $5.08 |
| 52-Week LowLowest price in past year | $15.73 | $100.31 | $54.98 | $72.30 | $0.22 |
| % of 52W HighCurrent price vs 52-week peak | +53.6% | +74.6% | +51.7% | +94.2% | +95.6% |
| RSI (14)Momentum oscillator 0–100 | 44.0 | 32.2 | 33.2 | 54.7 | 65.7 |
| Avg Volume (50D)Average daily shares traded | 8.7M | 2.5M | 15.5M | 4.7M | 150K |
Analyst Outlook
Evenly matched — BAX and BDX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: BAX as "Hold", BDX as "Buy", BSX as "Buy", EW as "Buy". Consensus price targets imply 61.4% upside for BSX (target: $91) vs 12.8% for BDX (target: $173). For income investors, BAX offers the higher dividend yield at 3.87% vs BDX's 2.72%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Buy | — |
| Price TargetConsensus 12-month target | $19.75 | $172.85 | $91.33 | $96.53 | — |
| # AnalystsCovering analysts | 36 | 33 | 43 | 48 | — |
| Dividend YieldAnnual dividend ÷ price | +3.9% | +2.7% | — | — | — |
| Dividend StreakConsecutive years of raises | 0 | 1 | 0 | — | — |
| Dividend / ShareAnnual DPS | $0.68 | $4.17 | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.8% | 0.0% | +1.9% | 0.0% |
BAX leads in 1 of 6 categories (Valuation Metrics). EW leads in 1 (Profitability & Efficiency). 3 tied.
BAX vs BDX vs BSX vs EW vs ICU: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is BAX or BDX or BSX or EW or ICU a better buy right now?
For growth investors, Boston Scientific Corporation (BSX) is the stronger pick with 19.
9% revenue growth year-over-year, versus 5. 7% for Baxter International Inc. (BAX). Becton, Dickinson and Company (BDX) offers the better valuation at 26. 3x trailing P/E (12. 3x 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.
02Which has the better valuation — BAX or BDX or BSX or EW or ICU?
On trailing P/E, Becton, Dickinson and Company (BDX) is the cheapest at 26.
3x versus Edwards Lifesciences Corporation at 45. 2x. 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: Becton, Dickinson and Company wins at 0. 74x versus Edwards Lifesciences Corporation's 3. 89x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — BAX or BDX or BSX or EW or ICU?
Over the past 5 years, Boston Scientific Corporation (BSX) delivered a total return of +31.
2%, compared to -98. 1% for SeaStar Medical Holding Corporation (ICU). Over 10 years, the gap is even starker: BSX returned +155. 5% versus ICU's -98. 1%. 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 — BAX or BDX or BSX or EW or ICU?
By beta (market sensitivity over 5 years), Boston Scientific Corporation (BSX) is the lower-risk stock at 0.
34β versus Baxter International Inc. 's 1. 37β — meaning BAX is approximately 299% more volatile than BSX relative to the S&P 500. On balance sheet safety, Edwards Lifesciences Corporation (EW) carries a lower debt/equity ratio of 7% versus 164% for Baxter International Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — BAX or BDX or BSX or EW or ICU?
By revenue growth (latest reported year), Boston Scientific Corporation (BSX) is pulling ahead at 19.
9% versus 5. 7% for Baxter International Inc. (BAX). On earnings-per-share growth, the picture is similar: SeaStar Medical Holding Corporation grew EPS 78. 1% year-over-year, compared to -73. 7% for Edwards Lifesciences Corporation. Over a 3-year CAGR, BSX leads at 16. 5% 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 — BAX or BDX or BSX or EW or ICU?
Edwards Lifesciences Corporation (EW) is the more profitable company, earning 17.
7% net margin versus -183. 9% for SeaStar Medical Holding Corporation — meaning it keeps 17. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EW leads at 27. 0% versus -132. 2% for ICU. At the gross margin level — before operating expenses — ICU leads at 100. 0%, 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 BAX or BDX or BSX or EW or ICU 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, Becton, Dickinson and Company (BDX) is the more undervalued stock at a PEG of 0. 74x versus Edwards Lifesciences Corporation's 3. 89x. 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 27. 5x for Edwards Lifesciences Corporation — 18. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BSX: 61. 4% to $91. 33.
08Which pays a better dividend — BAX or BDX or BSX or EW or ICU?
In this comparison, BAX (3.
9% yield), BDX (2. 7% yield) pay a dividend. BSX, EW, ICU do not pay a meaningful dividend and should not be held primarily for income.
09Is BAX or BDX or BSX or EW or ICU 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. 7% yield). Both have compounded well over 10 years (BDX: +80. 2%, ICU: -98. 1%), 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 BAX and BDX and BSX and EW and ICU?
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: BAX is a small-cap income-oriented stock; BDX is a mid-cap quality compounder stock; BSX is a mid-cap high-growth stock; EW is a mid-cap quality compounder stock; ICU is a small-cap quality compounder stock. BAX, BDX pay a dividend while BSX, EW, ICU do not, making them suitable for different income and tax situations. 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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