Medical - Devices
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MDT vs BSX
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
MDT vs BSX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Medical - Devices | Medical - Devices |
| Market Cap | $99.48B | $83.23B |
| Revenue (TTM) | $35.48B | $20.07B |
| Net Income (TTM) | $4.61B | $2.89B |
| Gross Margin | 61.9% | 69.0% |
| Operating Margin | 17.9% | 19.8% |
| Forward P/E | 14.1x | 16.6x |
| Total Debt | $28.52B | $12.42B |
| Cash & Equiv. | $2.22B | $2.04B |
MDT vs BSX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Medtronic plc (MDT) | 100 | 78.7 | -21.3% |
| Boston Scientific C… (BSX) | 100 | 147.4 | +47.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MDT vs BSX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
MDT carries the broadest edge in this set and is the clearest fit for income & stability.
- Dividend streak 36 yrs, beta 0.47, yield 3.6%
- Lower P/E (14.1x vs 16.6x)
- 3.6% yield; 36-year raise streak; the other pay no meaningful dividend
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%
- 154.2% 10Y total return vs MDT's 27.0%
- Lower volatility, beta 0.34, Low D/E 50.7%, current ratio 1.62x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 19.9% revenue growth vs MDT's 3.6% | |
| Value | Lower P/E (14.1x vs 16.6x) | |
| Quality / Margins | 14.4% margin vs MDT's 13.0% | |
| Stability / Safety | Beta 0.34 vs MDT's 0.47, lower leverage | |
| Dividends | 3.6% yield; 36-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | -2.3% vs BSX's -46.2% | |
| Efficiency (ROA) | 175.8% ROA vs BSX's 6.9%, ROIC 6.0% vs 8.8% |
MDT vs BSX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
MDT vs BSX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BSX leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MDT is the larger business by revenue, generating $35.5B annually — 1.8x BSX's $20.1B. Profitability is closely matched — net margins range from 14.4% (BSX) to 13.0% (MDT). On growth, BSX holds the edge at +15.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $35.5B | $20.1B |
| EBITDAEarnings before interest/tax | $9.4B | $4.7B |
| Net IncomeAfter-tax profit | $4.6B | $2.9B |
| Free Cash FlowCash after capex | $5.4B | $3.6B |
| Gross MarginGross profit ÷ Revenue | +61.9% | +69.0% |
| Operating MarginEBIT ÷ Revenue | +17.9% | +19.8% |
| Net MarginNet income ÷ Revenue | +13.0% | +14.4% |
| FCF MarginFCF ÷ Revenue | +15.2% | +18.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.8% | +15.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -11.9% | +18.5% |
Valuation Metrics
MDT leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 21.5x trailing earnings, MDT trades at a 26% valuation discount to BSX's 28.9x P/E. On an enterprise value basis, MDT's 14.3x EV/EBITDA is more attractive than BSX's 25.1x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $99.5B | $83.2B |
| Enterprise ValueMkt cap + debt − cash | $125.8B | $93.6B |
| Trailing P/EPrice ÷ TTM EPS | 21.50x | 28.87x |
| Forward P/EPrice ÷ next-FY EPS est. | 14.06x | 16.58x |
| PEG RatioP/E ÷ EPS growth rate | 35.84x | — |
| EV / EBITDAEnterprise value multiple | 14.27x | 25.07x |
| Price / SalesMarket cap ÷ Revenue | 2.97x | 4.15x |
| Price / BookPrice ÷ Book value/share | 2.07x | 3.42x |
| Price / FCFMarket cap ÷ FCF | 19.19x | 22.75x |
Profitability & Efficiency
BSX leads this category, winning 8 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 $9 for MDT. BSX carries lower financial leverage with a 0.51x debt-to-equity ratio, signaling a more conservative balance sheet compared to MDT's 0.59x. On the Piotroski fundamental quality scale (0–9), BSX scores 7/9 vs MDT's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +9.4% | +12.4% |
| ROA (TTM)Return on assets | +175.8% | +6.9% |
| ROICReturn on invested capital | +6.0% | +8.8% |
| ROCEReturn on capital employed | +7.5% | +11.1% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.59x | 0.51x |
| Net DebtTotal debt minus cash | $26.3B | $10.4B |
| Cash & Equiv.Liquid assets | $2.2B | $2.0B |
| Total DebtShort + long-term debt | $28.5B | $12.4B |
| Interest CoverageEBIT ÷ Interest expense | 9.08x | 11.03x |
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 $13,011 today (with dividends reinvested), compared to $7,167 for MDT. Over the past 12 months, MDT leads with a -2.3% total return vs BSX's -46.2%. The 3-year compound annual growth rate (CAGR) favors BSX at 1.8% vs MDT's -1.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -18.5% | -40.9% |
| 1-Year ReturnPast 12 months | -2.3% | -46.2% |
| 3-Year ReturnCumulative with dividends | -4.6% | +5.4% |
| 5-Year ReturnCumulative with dividends | -28.3% | +30.1% |
| 10-Year ReturnCumulative with dividends | +27.0% | +154.2% |
| CAGR (3Y)Annualised 3-year return | -1.6% | +1.8% |
Risk & Volatility
Evenly matched — MDT and BSX 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 MDT's 0.47 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MDT currently trades 73.0% from its 52-week high vs BSX's 51.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.47x | 0.34x |
| 52-Week HighHighest price in past year | $106.33 | $109.50 |
| 52-Week LowLowest price in past year | $77.16 | $54.98 |
| % of 52W HighCurrent price vs 52-week peak | +73.0% | +51.1% |
| RSI (14)Momentum oscillator 0–100 | 27.7 | 33.1 |
| Avg Volume (50D)Average daily shares traded | 7.8M | 15.3M |
Analyst Outlook
MDT leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates MDT as "Buy" and BSX as "Buy". Consensus price targets imply 63.1% upside for BSX (target: $91) vs 41.1% for MDT (target: $110). MDT is the only dividend payer here at 3.59% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $109.50 | $91.33 |
| # AnalystsCovering analysts | 49 | 43 |
| Dividend YieldAnnual dividend ÷ price | +3.6% | — |
| Dividend StreakConsecutive years of raises | 36 | 0 |
| Dividend / ShareAnnual DPS | $2.78 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +3.3% | 0.0% |
BSX leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MDT leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
MDT vs BSX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is MDT or BSX 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. 5x trailing P/E (14. 1x forward), making it the more compelling value choice. Analysts rate Medtronic plc (MDT) a "Buy" — based on 49 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 — MDT or BSX?
On trailing P/E, Medtronic plc (MDT) is the cheapest at 21.
5x versus Boston Scientific Corporation at 28. 9x. On forward P/E, Medtronic plc is actually cheaper at 14. 1x.
03Which is the better long-term investment — MDT or BSX?
Over the past 5 years, Boston Scientific Corporation (BSX) delivered a total return of +30.
1%, compared to -28. 3% for Medtronic plc (MDT). Over 10 years, the gap is even starker: BSX returned +154. 2% 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 — MDT or BSX?
By beta (market sensitivity over 5 years), Boston Scientific Corporation (BSX) is the lower-risk stock at 0.
34β versus Medtronic plc's 0. 47β — meaning MDT is approximately 36% 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 59% for Medtronic plc — giving it more financial flexibility in a downturn.
05Which is growing faster — MDT or BSX?
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 30. 8% for Medtronic plc. 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 — MDT or BSX?
Boston Scientific Corporation (BSX) is the more profitable company, earning 14.
4% net margin versus 13. 9% for Medtronic plc — 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 17. 8% for MDT. 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.
07Is MDT or BSX more undervalued right now?
On forward earnings alone, Medtronic plc (MDT) trades at 14.
1x forward P/E versus 16. 6x for Boston Scientific Corporation — 2. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BSX: 63. 1% to $91. 33.
08Which pays a better dividend — MDT or BSX?
In this comparison, MDT (3.
6% yield) pays a dividend. BSX does not pay a meaningful dividend and should not be held primarily for income.
09Is MDT or BSX 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%, BSX: +154. 2%), 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 MDT and BSX?
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: MDT is a mid-cap income-oriented stock; BSX is a mid-cap high-growth stock. MDT pays 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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