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Stock Comparison

BAX vs BDX vs BSX vs MDT

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

Live fundamentals10-year financials5-year price chart
BAX
Baxter International Inc.

Medical - Instruments & Supplies

HealthcareNYSE • US
Market Cap$9.04B
5Y Perf.-80.5%
BDX
Becton, Dickinson and Company

Medical - Instruments & Supplies

HealthcareNYSE • US
Market Cap$55.53B
5Y Perf.+3.0%
BSX
Boston Scientific Corporation

Medical - Devices

HealthcareNYSE • US
Market Cap$84.08B
5Y Perf.+48.9%
MDT
Medtronic plc

Medical - Devices

HealthcareNYSE • IE
Market Cap$99.94B
5Y Perf.-20.9%

BAX vs BDX vs BSX vs MDT — Key Financials

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

Company Snapshot
BAX logoBAX
BDX logoBDX
BSX logoBSX
MDT logoMDT
IndustryMedical - Instruments & SuppliesMedical - Instruments & SuppliesMedical - DevicesMedical - Devices
Market Cap$9.04B$55.53B$84.08B$99.94B
Revenue (TTM)$11.32B$21.36B$20.07B$35.48B
Net Income (TTM)$-1.10B$1.14B$2.89B$4.61B
Gross Margin30.1%46.5%69.0%61.9%
Operating Margin-2.7%10.6%19.8%17.9%
Forward P/E9.2x12.3x16.7x14.1x
Total Debt$10.00B$19.18B$12.42B$28.52B
Cash & Equiv.$1.97B$851M$2.04B$2.22B

BAX vs BDX vs BSX vs MDTLong-Term Stock Performance

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

BAX
BDX
BSX
MDT
StockMay 20May 26Return
Baxter Internationa… (BAX)10019.5-80.5%
Becton, Dickinson a… (BDX)100103.0+3.0%
Boston Scientific C… (BSX)100148.9+48.9%
Medtronic plc (MDT)10079.1-20.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: BAX vs BDX vs BSX vs MDT

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

Bottom line: BSX leads in 3 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 and dividend income and shareholder returns. BDX and MDT also each lead in at least one category. As sector peers, any of these can serve as alternatives in the same allocation.
BAX
Baxter International Inc.
The Value Play

BAX is the #2 pick in this set and the best alternative if value and dividends is your priority.

  • Lower P/E (9.2x vs 16.7x)
  • 3.9% yield, vs MDT's 3.6%, (1 stock pays no dividend)
Best for: value and dividends
BDX
Becton, Dickinson and Company
The Value Pick

BDX is the clearest fit if your priority is valuation efficiency.

  • PEG 0.74 vs MDT's 36.00
  • +51.8% vs BSX's -46.0%
Best for: valuation efficiency
BSX
Boston Scientific Corporation
The Growth Play

BSX carries the broadest edge in this set and is the clearest fit for 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 BDX's 80.2%
  • Lower volatility, beta 0.34, Low D/E 50.7%, current ratio 1.62x
  • 19.9% revenue growth vs MDT's 3.6%
Best for: growth exposure and long-term compounding
MDT
Medtronic plc
The Income Pick

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%
Best for: income & stability and defensive
See the full category breakdown
CategoryWinnerWhy
GrowthBSX logoBSX19.9% revenue growth vs MDT's 3.6%
ValueBAX logoBAXLower P/E (9.2x vs 16.7x)
Quality / MarginsBSX logoBSX14.4% margin vs BAX's -9.7%
Stability / SafetyBSX logoBSXBeta 0.34 vs BAX's 1.37, lower leverage
DividendsBAX logoBAX3.9% yield, vs MDT's 3.6%, (1 stock pays no dividend)
Momentum (1Y)BDX logoBDX+51.8% vs BSX's -46.0%
Efficiency (ROA)MDT logoMDT175.8% ROA vs BAX's -5.4%, ROIC 6.0% vs -1.4%

BAX vs BDX vs BSX vs MDT — Revenue Breakdown by Segment

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

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
BDXBecton, Dickinson and Company
FY 2025
Medical
52.5%$11.5B
Interventional
23.9%$5.2B
Life Sciences
23.7%$5.2B
BSXBoston Scientific Corporation
FY 2025
Cardiovascular
66.0%$13.3B
MedSurg
34.0%$6.8B
MDTMedtronic plc
FY 2025
Cardiac and Vascular Group
37.3%$12.5B
Neuroscience Group
29.4%$9.8B
Medical Surgical
25.1%$8.4B
Diabetes Group
8.2%$2.8B

BAX vs BDX vs BSX vs MDT — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLBSXLAGGINGMDT

Income & Cash Flow (Last 12 Months)

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

MDT is the larger business by revenue, generating $35.5B annually — 3.1x BAX's $11.3B. BSX is the more profitable business, keeping 14.4% of every revenue dollar as net income compared to BAX's -9.7%. On growth, BSX holds the edge at +15.9% YoY revenue growth, suggesting stronger near-term business momentum.

MetricBAX logoBAXBaxter Internatio…BDX logoBDXBecton, Dickinson…BSX logoBSXBoston Scientific…MDT logoMDTMedtronic plc
RevenueTrailing 12 months$11.3B$21.4B$20.1B$35.5B
EBITDAEarnings before interest/tax$671M$4.2B$4.7B$9.4B
Net IncomeAfter-tax profit-$1.1B$1.1B$2.9B$4.6B
Free Cash FlowCash after capex$501M$3.1B$3.6B$5.4B
Gross MarginGross profit ÷ Revenue+30.1%+46.5%+69.0%+61.9%
Operating MarginEBIT ÷ Revenue-2.7%+10.6%+19.8%+17.9%
Net MarginNet income ÷ Revenue-9.7%+5.3%+14.4%+13.0%
FCF MarginFCF ÷ Revenue+4.4%+14.7%+18.1%+15.2%
Rev. Growth (YoY)Latest quarter vs prior year+2.9%-10.6%+15.9%+8.8%
EPS Growth (YoY)Latest quarter vs prior year-112.0%-2.0%+18.5%-11.9%
BSX leads this category, winning 6 of 6 comparable metrics.

Valuation Metrics

BAX leads this category, winning 4 of 7 comparable metrics.

At 21.6x trailing earnings, MDT trades at a 26% valuation discount to BSX's 29.2x P/E. Adjusting for growth (PEG ratio), BDX offers better value at 1.59x vs MDT's 36.00x — a lower PEG means you pay less per unit of expected earnings growth.

MetricBAX logoBAXBaxter Internatio…BDX logoBDXBecton, Dickinson…BSX logoBSXBoston Scientific…MDT logoMDTMedtronic plc
Market CapShares × price$9.0B$55.5B$84.1B$99.9B
Enterprise ValueMkt cap + debt − cash$17.1B$73.9B$94.5B$126.2B
Trailing P/EPrice ÷ TTM EPS-10.01x26.29x29.16x21.60x
Forward P/EPrice ÷ next-FY EPS est.9.17x12.27x16.75x14.13x
PEG RatioP/E ÷ EPS growth rate1.59x36.00x
EV / EBITDAEnterprise value multiple25.37x14.65x25.30x14.32x
Price / SalesMarket cap ÷ Revenue0.80x2.54x4.19x2.98x
Price / BookPrice ÷ Book value/share1.47x1.73x3.46x2.08x
Price / FCFMarket cap ÷ FCF27.99x20.80x22.99x19.28x
BAX leads this category, winning 4 of 7 comparable metrics.

Profitability & Efficiency

BSX leads this category, winning 6 of 9 comparable metrics.

BSX delivers a 12.4% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $-16 for BAX. BSX carries lower financial leverage with a 0.51x 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.

MetricBAX logoBAXBaxter Internatio…BDX logoBDXBecton, Dickinson…BSX logoBSXBoston Scientific…MDT logoMDTMedtronic plc
ROE (TTM)Return on equity-16.5%+4.5%+12.4%+9.4%
ROA (TTM)Return on assets-5.4%+2.1%+6.9%+175.8%
ROICReturn on invested capital-1.4%+4.3%+8.8%+6.0%
ROCEReturn on capital employed-1.7%+5.4%+11.1%+7.5%
Piotroski ScoreFundamental quality 0–95776
Debt / EquityFinancial leverage1.64x0.76x0.51x0.59x
Net DebtTotal debt minus cash$8.0B$18.3B$10.4B$26.3B
Cash & Equiv.Liquid assets$2.0B$851M$2.0B$2.2B
Total DebtShort + long-term debt$10.0B$19.2B$12.4B$28.5B
Interest CoverageEBIT ÷ Interest expense-0.83x4.09x11.03x9.08x
BSX leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in BSX five years ago would be worth $13,117 today (with dividends reinvested), compared to $2,566 for BAX. Over the past 12 months, BDX leads with a +51.8% total return vs BSX's -46.0%. The 3-year compound annual growth rate (CAGR) favors BSX at 2.1% vs BAX's -24.1% — a key indicator of consistent wealth creation.

MetricBAX logoBAXBaxter Internatio…BDX logoBDXBecton, Dickinson…BSX logoBSXBoston Scientific…MDT logoMDTMedtronic plc
YTD ReturnYear-to-date-10.2%+0.7%-40.3%-18.1%
1-Year ReturnPast 12 months-41.8%+51.8%-46.0%-2.8%
3-Year ReturnCumulative with dividends-56.3%+5.0%+6.5%-4.2%
5-Year ReturnCumulative with dividends-74.3%+16.9%+31.2%-27.7%
10-Year ReturnCumulative with dividends-42.4%+80.2%+155.5%+26.5%
CAGR (3Y)Annualised 3-year return-24.1%+1.6%+2.1%-1.4%
BSX leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

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

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. BDX currently trades 74.6% from its 52-week high vs BSX's 51.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricBAX logoBAXBaxter Internatio…BDX logoBDXBecton, Dickinson…BSX logoBSXBoston Scientific…MDT logoMDTMedtronic plc
Beta (5Y)Sensitivity to S&P 5001.37x0.66x0.34x0.47x
52-Week HighHighest price in past year$32.68$205.52$109.50$106.33
52-Week LowLowest price in past year$15.73$100.31$54.98$77.16
% of 52W HighCurrent price vs 52-week peak+53.6%+74.6%+51.7%+73.3%
RSI (14)Momentum oscillator 0–10044.032.233.227.3
Avg Volume (50D)Average daily shares traded8.7M2.5M15.5M7.8M
Evenly matched — BDX and BSX each lead in 1 of 2 comparable metrics.

Analyst Outlook

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

Analyst consensus: BAX as "Hold", BDX as "Buy", BSX as "Buy", MDT 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%.

MetricBAX logoBAXBaxter Internatio…BDX logoBDXBecton, Dickinson…BSX logoBSXBoston Scientific…MDT logoMDTMedtronic plc
Analyst RatingConsensus buy/hold/sellHoldBuyBuyBuy
Price TargetConsensus 12-month target$19.75$172.85$91.33$109.50
# AnalystsCovering analysts36334349
Dividend YieldAnnual dividend ÷ price+3.9%+2.7%+3.6%
Dividend StreakConsecutive years of raises01036
Dividend / ShareAnnual DPS$0.68$4.17$2.78
Buyback YieldShare repurchases ÷ mkt cap0.0%+1.8%0.0%+3.2%
Evenly matched — BAX and MDT each lead in 1 of 2 comparable metrics.
Key Takeaway

BSX leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). BAX leads in 1 (Valuation Metrics). 2 tied.

Best OverallBoston Scientific Corporati… (BSX)Leads 3 of 6 categories
Loading custom metrics...

BAX vs BDX vs BSX vs MDT: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is BAX or BDX or BSX or MDT 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 3. 6% for Medtronic plc (MDT). Medtronic plc (MDT) offers the better valuation at 21. 6x trailing P/E (14. 1x 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 — BAX or BDX or BSX or MDT?

On trailing P/E, Medtronic plc (MDT) is the cheapest at 21.

6x versus Boston Scientific Corporation at 29. 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 Medtronic plc's 36. 00x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

03

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

Over the past 5 years, Boston Scientific Corporation (BSX) delivered a total return of +31.

2%, compared to -74. 3% for Baxter International Inc. (BAX). Over 10 years, the gap is even starker: BSX returned +155. 5% 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.

04

Which is safer — BAX or BDX or BSX or MDT?

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, Boston Scientific Corporation (BSX) carries a lower debt/equity ratio of 51% versus 164% for Baxter International Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — BAX or BDX or BSX or MDT?

By revenue growth (latest reported year), Boston Scientific Corporation (BSX) is pulling ahead at 19.

9% versus 3. 6% for Medtronic plc (MDT). On earnings-per-share growth, the picture is similar: Boston Scientific Corporation grew EPS 55. 2% year-over-year, compared to -37. 8% for Baxter International Inc.. 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.

06

Which has better profit margins — BAX or BDX or BSX or MDT?

Boston Scientific Corporation (BSX) is the more profitable company, earning 14.

4% net margin versus -8. 5% for Baxter International Inc. — meaning it keeps 14. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BSX leads at 19. 8% versus -2. 7% for BAX. At the gross margin level — before operating expenses — BSX leads at 69. 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.

07

Is BAX or BDX or BSX or MDT 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 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 16. 7x for Boston Scientific Corporation — 7. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BSX: 61. 4% to $91. 33.

08

Which pays a better dividend — BAX or BDX or BSX or MDT?

In this comparison, BAX (3.

9% yield), MDT (3. 6% yield), BDX (2. 7% yield) pay a dividend. BSX does not pay a meaningful dividend and should not be held primarily for income.

09

Is BAX or BDX or BSX or MDT better for a retirement portfolio?

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

47), 3. 6% yield). Both have compounded well over 10 years (MDT: +26. 5%, 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.

10

What are the main differences between BAX and BDX and BSX and MDT?

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; MDT is a mid-cap income-oriented stock. BAX, BDX, MDT pay a dividend while BSX does 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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BAX

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  • Market Cap > $100B
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  • Dividend Yield > 1.0%
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BSX

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  • Market Cap > $100B
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Income & Dividend Stock

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 7%
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Beat Both

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