Medical - Instruments & Supplies
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BDX vs MDT
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
BDX vs MDT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Medical - Instruments & Supplies | Medical - Devices |
| Market Cap | $52.45B | $99.48B |
| Revenue (TTM) | $21.92B | $35.48B |
| Net Income (TTM) | $1.76B | $4.61B |
| Gross Margin | 45.8% | 61.9% |
| Operating Margin | 12.4% | 17.9% |
| Forward P/E | 11.6x | 14.1x |
| Total Debt | $19.18B | $28.52B |
| Cash & Equiv. | $851M | $2.22B |
BDX vs MDT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Becton, Dickinson a… (BDX) | 100 | 97.3 | -2.7% |
| Medtronic plc (MDT) | 100 | 78.7 | -21.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BDX vs MDT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BDX is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 8.2%, EPS growth -0.5%, 3Y rev CAGR 5.0%
- 72.9% 10Y total return vs MDT's 27.0%
- PEG 0.70 vs MDT's 35.84
MDT carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 36 yrs, beta 0.47, yield 3.6%
- Lower volatility, beta 0.47, Low D/E 59.1%, current ratio 1.85x
- Beta 0.47, yield 3.6%, current ratio 1.85x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 8.2% revenue growth vs MDT's 3.6% | |
| Value | Lower P/E (11.6x vs 14.1x), PEG 0.70 vs 35.84 | |
| Quality / Margins | 13.0% margin vs BDX's 8.0% | |
| Stability / Safety | Beta 0.47 vs BDX's 0.66, lower leverage | |
| Dividends | 3.6% yield, 36-year raise streak, vs BDX's 2.9% | |
| Momentum (1Y) | +45.3% vs MDT's -2.3% | |
| Efficiency (ROA) | 175.8% ROA vs BDX's 3.2%, ROIC 6.0% vs 4.3% |
BDX vs MDT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
BDX vs MDT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
MDT leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MDT is the larger business by revenue, generating $35.5B annually — 1.6x BDX's $21.9B. Profitability is closely matched — net margins range from 13.0% (MDT) to 8.0% (BDX). On growth, MDT holds the edge at +8.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $21.9B | $35.5B |
| EBITDAEarnings before interest/tax | $5.2B | $9.4B |
| Net IncomeAfter-tax profit | $1.8B | $4.6B |
| Free Cash FlowCash after capex | $2.6B | $5.4B |
| Gross MarginGross profit ÷ Revenue | +45.8% | +61.9% |
| Operating MarginEBIT ÷ Revenue | +12.4% | +17.9% |
| Net MarginNet income ÷ Revenue | +8.0% | +13.0% |
| FCF MarginFCF ÷ Revenue | +12.0% | +15.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +1.6% | +8.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +28.8% | -11.9% |
Valuation Metrics
BDX leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 21.5x trailing earnings, MDT trades at a 13% valuation discount to BDX's 24.8x P/E. Adjusting for growth (PEG ratio), BDX offers better value at 1.50x vs MDT's 35.84x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $52.4B | $99.5B |
| Enterprise ValueMkt cap + debt − cash | $70.8B | $125.8B |
| Trailing P/EPrice ÷ TTM EPS | 24.83x | 21.50x |
| Forward P/EPrice ÷ next-FY EPS est. | 11.59x | 14.06x |
| PEG RatioP/E ÷ EPS growth rate | 1.50x | 35.84x |
| EV / EBITDAEnterprise value multiple | 14.04x | 14.27x |
| Price / SalesMarket cap ÷ Revenue | 2.40x | 2.97x |
| Price / BookPrice ÷ Book value/share | 1.64x | 2.07x |
| Price / FCFMarket cap ÷ FCF | 19.64x | 19.19x |
Profitability & Efficiency
MDT leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
MDT delivers a 9.4% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $7 for BDX. MDT carries lower financial leverage with a 0.59x debt-to-equity ratio, signaling a more conservative balance sheet compared to BDX's 0.76x. On the Piotroski fundamental quality scale (0–9), BDX scores 7/9 vs MDT's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +6.9% | +9.4% |
| ROA (TTM)Return on assets | +3.2% | +175.8% |
| ROICReturn on invested capital | +4.3% | +6.0% |
| ROCEReturn on capital employed | +5.4% | +7.5% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 |
| Debt / EquityFinancial leverage | 0.76x | 0.59x |
| Net DebtTotal debt minus cash | $18.3B | $26.3B |
| Cash & Equiv.Liquid assets | $851M | $2.2B |
| Total DebtShort + long-term debt | $19.2B | $28.5B |
| Interest CoverageEBIT ÷ Interest expense | 4.65x | 9.08x |
Total Returns (Dividends Reinvested)
BDX leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BDX five years ago would be worth $11,037 today (with dividends reinvested), compared to $7,167 for MDT. Over the past 12 months, BDX leads with a +45.3% total return vs MDT's -2.3%. The 3-year compound annual growth rate (CAGR) favors BDX at -0.1% vs MDT's -1.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -4.9% | -18.5% |
| 1-Year ReturnPast 12 months | +45.3% | -2.3% |
| 3-Year ReturnCumulative with dividends | -0.4% | -4.6% |
| 5-Year ReturnCumulative with dividends | +10.4% | -28.3% |
| 10-Year ReturnCumulative with dividends | +72.9% | +27.0% |
| CAGR (3Y)Annualised 3-year return | -0.1% | -1.6% |
Risk & Volatility
MDT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
MDT is the less volatile stock with a 0.47 beta — it tends to amplify market swings less than BDX's 0.66 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.66x | 0.47x |
| 52-Week HighHighest price in past year | $205.52 | $106.33 |
| 52-Week LowLowest price in past year | $100.31 | $77.16 |
| % of 52W HighCurrent price vs 52-week peak | +70.4% | +73.0% |
| RSI (14)Momentum oscillator 0–100 | 30.5 | 27.7 |
| Avg Volume (50D)Average daily shares traded | 2.5M | 7.8M |
Analyst Outlook
MDT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates BDX as "Buy" and MDT as "Buy". Consensus price targets imply 41.1% upside for MDT (target: $110) vs 19.4% for BDX (target: $173). For income investors, MDT offers the higher dividend yield at 3.59% vs BDX's 2.88%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $172.85 | $109.50 |
| # AnalystsCovering analysts | 33 | 49 |
| Dividend YieldAnnual dividend ÷ price | +2.9% | +3.6% |
| Dividend StreakConsecutive years of raises | 1 | 36 |
| Dividend / ShareAnnual DPS | $4.17 | $2.78 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.9% | +3.3% |
MDT leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). BDX leads in 2 (Valuation Metrics, Total Returns).
BDX vs MDT: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BDX or MDT 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). Medtronic plc (MDT) offers the better valuation at 21. 5x 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.
02Which has the better valuation — BDX or MDT?
On trailing P/E, Medtronic plc (MDT) is the cheapest at 21.
5x versus Becton, Dickinson and Company at 24. 8x. On forward P/E, Becton, Dickinson and Company is actually cheaper at 11. 6x — 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. 70x versus Medtronic plc's 35. 84x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — BDX or MDT?
Over the past 5 years, Becton, Dickinson and Company (BDX) delivered a total return of +10.
4%, compared to -28. 3% for Medtronic plc (MDT). Over 10 years, the gap is even starker: BDX returned +72. 9% versus MDT's +27. 0%. 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 — BDX or MDT?
By beta (market sensitivity over 5 years), Medtronic plc (MDT) is the lower-risk stock at 0.
47β versus Becton, Dickinson and Company's 0. 66β — meaning BDX is approximately 41% more volatile than MDT relative to the S&P 500. On balance sheet safety, Medtronic plc (MDT) carries a lower debt/equity ratio of 59% versus 76% for Becton, Dickinson and Company — giving it more financial flexibility in a downturn.
05Which is growing faster — BDX or MDT?
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: Medtronic plc grew EPS 30. 8% year-over-year, compared to -0. 5% for Becton, Dickinson and Company. 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 — BDX or MDT?
Medtronic plc (MDT) is the more profitable company, earning 13.
9% net margin versus 7. 7% for Becton, Dickinson and Company — meaning it keeps 13. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MDT leads at 17. 8% versus 11. 8% for BDX. 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 BDX 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. 70x versus Medtronic plc's 35. 84x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Becton, Dickinson and Company (BDX) trades at 11. 6x forward P/E versus 14. 1x for Medtronic plc — 2. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MDT: 41. 1% to $109. 50.
08Which pays a better dividend — BDX or MDT?
All stocks in this comparison pay dividends.
Medtronic plc (MDT) offers the highest yield at 3. 6%, versus 2. 9% for Becton, Dickinson and Company (BDX).
09Is BDX 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: +27. 0%, BDX: +72. 9%), 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 BDX 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: BDX is a mid-cap quality compounder stock; MDT is a mid-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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