Medical - Devices
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4 / 10Stock Comparison
SNN vs BSX vs MDT vs ZBH
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
Medical - Devices
Medical - Devices
SNN vs BSX vs MDT vs ZBH — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Medical - Devices | Medical - Devices | Medical - Devices | Medical - Devices |
| Market Cap | $12.76B | $84.08B | $99.94B | $16.32B |
| Revenue (TTM) | $11.61B | $20.07B | $35.48B | $8.41B |
| Net Income (TTM) | $799M | $2.89B | $4.61B | $761M |
| Gross Margin | 70.2% | 69.0% | 61.9% | 70.0% |
| Operating Margin | 12.9% | 19.8% | 17.9% | 15.6% |
| Forward P/E | 13.4x | 16.7x | 14.1x | 9.8x |
| Total Debt | $3.33B | $12.42B | $28.52B | $7.52B |
| Cash & Equiv. | $557M | $2.04B | $2.22B | $592M |
SNN vs BSX vs MDT vs ZBH — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Smith & Nephew plc (SNN) | 100 | 73.6 | -26.4% |
| Boston Scientific C… (BSX) | 100 | 148.9 | +48.9% |
| Medtronic plc (MDT) | 100 | 79.1 | -20.9% |
| Zimmer Biomet Holdi… (ZBH) | 100 | 68.0 | -32.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SNN vs BSX vs MDT vs ZBH
Each card shows where this stock fits in a portfolio — not just who wins on paper.
SNN is the clearest fit if your priority is valuation efficiency.
- PEG 1.88 vs MDT's 36.00
- +8.8% vs BSX's -46.0%
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 MDT's 26.5%
- Lower volatility, beta 0.34, Low D/E 50.7%, current ratio 1.62x
- 19.9% revenue growth vs MDT's 3.6%
MDT is the #2 pick in this set and the best alternative if income & stability and defensive is your priority.
- Dividend streak 36 yrs, beta 0.47, yield 3.6%
- Beta 0.47, yield 3.6%, current ratio 1.85x
- 3.6% yield, 36-year raise streak, vs SNN's 2.5%, (1 stock pays no dividend)
- 175.8% ROA vs ZBH's 3.3%, ROIC 6.0% vs 5.4%
ZBH is the clearest fit if your priority is value.
- Lower P/E (9.8x vs 14.1x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 19.9% revenue growth vs MDT's 3.6% | |
| Value | Lower P/E (9.8x vs 14.1x) | |
| Quality / Margins | 14.4% margin vs SNN's 6.9% | |
| Stability / Safety | Beta 0.34 vs ZBH's 0.65, lower leverage | |
| Dividends | 3.6% yield, 36-year raise streak, vs SNN's 2.5%, (1 stock pays no dividend) | |
| Momentum (1Y) | +8.8% vs BSX's -46.0% | |
| Efficiency (ROA) | 175.8% ROA vs ZBH's 3.3%, ROIC 6.0% vs 5.4% |
SNN vs BSX vs MDT vs ZBH — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
SNN vs BSX vs MDT vs ZBH — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
BSX leads in 2 of 6 categories
ZBH leads 1 • SNN leads 1 • MDT leads 1 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
BSX leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MDT is the larger business by revenue, generating $35.5B annually — 4.2x ZBH's $8.4B. BSX is the more profitable business, keeping 14.4% of every revenue dollar as net income compared to SNN's 6.9%. On growth, BSX holds the edge at +15.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $11.6B | $20.1B | $35.5B | $8.4B |
| EBITDAEarnings before interest/tax | $2.5B | $4.7B | $9.4B | $2.3B |
| Net IncomeAfter-tax profit | $799M | $2.9B | $4.6B | $761M |
| Free Cash FlowCash after capex | $1.1B | $3.6B | $5.4B | $1.8B |
| Gross MarginGross profit ÷ Revenue | +70.2% | +69.0% | +61.9% | +70.0% |
| Operating MarginEBIT ÷ Revenue | +12.9% | +19.8% | +17.9% | +15.6% |
| Net MarginNet income ÷ Revenue | +6.9% | +14.4% | +13.0% | +9.1% |
| FCF MarginFCF ÷ Revenue | +9.5% | +18.1% | +15.2% | +21.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +5.7% | +15.9% | +8.8% | +9.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +36.0% | +18.5% | -11.9% | +34.1% |
Valuation Metrics
ZBH leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 20.9x trailing earnings, SNN trades at a 28% valuation discount to BSX's 29.2x P/E. Adjusting for growth (PEG ratio), SNN offers better value at 2.92x vs MDT's 36.00x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $12.8B | $84.1B | $99.9B | $16.3B |
| Enterprise ValueMkt cap + debt − cash | $15.5B | $94.5B | $126.2B | $23.3B |
| Trailing P/EPrice ÷ TTM EPS | 20.87x | 29.16x | 21.60x | 23.48x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.44x | 16.75x | 14.13x | 9.83x |
| PEG RatioP/E ÷ EPS growth rate | 2.92x | — | 36.00x | — |
| EV / EBITDAEnterprise value multiple | 9.83x | 25.30x | 14.32x | 9.47x |
| Price / SalesMarket cap ÷ Revenue | 2.06x | 4.19x | 2.98x | 1.98x |
| Price / BookPrice ÷ Book value/share | 2.48x | 3.46x | 2.08x | 1.30x |
| Price / FCFMarket cap ÷ FCF | 14.94x | 22.99x | 19.28x | 11.09x |
Profitability & Efficiency
SNN leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
SNN delivers a 15.1% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $6 for ZBH. BSX carries lower financial leverage with a 0.51x debt-to-equity ratio, signaling a more conservative balance sheet compared to SNN's 0.63x. On the Piotroski fundamental quality scale (0–9), SNN scores 7/9 vs ZBH's 5/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +15.1% | +12.4% | +9.4% | +5.8% |
| ROA (TTM)Return on assets | +7.7% | +6.9% | +175.8% | +3.3% |
| ROICReturn on invested capital | +9.4% | +8.8% | +6.0% | +5.4% |
| ROCEReturn on capital employed | +11.4% | +11.1% | +7.5% | +6.9% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 7 | 6 | 5 |
| Debt / EquityFinancial leverage | 0.63x | 0.51x | 0.59x | 0.59x |
| Net DebtTotal debt minus cash | $2.8B | $10.4B | $26.3B | $6.9B |
| Cash & Equiv.Liquid assets | $557M | $2.0B | $2.2B | $592M |
| Total DebtShort + long-term debt | $3.3B | $12.4B | $28.5B | $7.5B |
| Interest CoverageEBIT ÷ Interest expense | 8.75x | 11.03x | 9.08x | 4.08x |
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 $5,268 for ZBH. Over the past 12 months, SNN leads with a +8.8% total return vs BSX's -46.0%. The 3-year compound annual growth rate (CAGR) favors BSX at 2.1% vs ZBH's -14.4% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -7.2% | -40.3% | -18.1% | -7.1% |
| 1-Year ReturnPast 12 months | +8.8% | -46.0% | -2.8% | -10.4% |
| 3-Year ReturnCumulative with dividends | +1.7% | +6.5% | -4.2% | -37.2% |
| 5-Year ReturnCumulative with dividends | -23.1% | +31.2% | -27.7% | -47.3% |
| 10-Year ReturnCumulative with dividends | +9.8% | +155.5% | +26.5% | -17.8% |
| CAGR (3Y)Annualised 3-year return | +0.6% | +2.1% | -1.4% | -14.4% |
Risk & Volatility
Evenly matched — SNN 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 ZBH's 0.65 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SNN currently trades 77.5% 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 | 0.59x | 0.34x | 0.47x | 0.65x |
| 52-Week HighHighest price in past year | $38.79 | $109.50 | $106.33 | $108.29 |
| 52-Week LowLowest price in past year | $27.97 | $54.98 | $77.16 | $79.83 |
| % of 52W HighCurrent price vs 52-week peak | +77.5% | +51.7% | +73.3% | +77.0% |
| RSI (14)Momentum oscillator 0–100 | 35.8 | 33.2 | 27.3 | 34.3 |
| Avg Volume (50D)Average daily shares traded | 1.0M | 15.5M | 7.8M | 2.2M |
Analyst Outlook
MDT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: SNN as "Hold", BSX as "Buy", MDT as "Buy", ZBH as "Hold". Consensus price targets imply 61.4% upside for BSX (target: $91) vs 6.5% for SNN (target: $32). For income investors, MDT offers the higher dividend yield at 3.57% vs ZBH's 1.15%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Hold |
| Price TargetConsensus 12-month target | $32.00 | $91.33 | $109.50 | $97.90 |
| # AnalystsCovering analysts | 22 | 43 | 49 | 42 |
| Dividend YieldAnnual dividend ÷ price | +2.5% | — | +3.6% | +1.1% |
| Dividend StreakConsecutive years of raises | 1 | 0 | 36 | 0 |
| Dividend / ShareAnnual DPS | $0.76 | — | $2.78 | $0.96 |
| Buyback YieldShare repurchases ÷ mkt cap | +3.9% | 0.0% | +3.2% | +3.0% |
BSX leads in 2 of 6 categories (Income & Cash Flow, Total Returns). ZBH leads in 1 (Valuation Metrics). 1 tied.
SNN vs BSX vs MDT vs ZBH: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is SNN or BSX or MDT or ZBH 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). Smith & Nephew plc (SNN) offers the better valuation at 20. 9x trailing P/E (13. 4x forward), making it the more compelling value choice. Analysts rate Boston Scientific Corporation (BSX) a "Buy" — based on 43 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 — SNN or BSX or MDT or ZBH?
On trailing P/E, Smith & Nephew plc (SNN) is the cheapest at 20.
9x versus Boston Scientific Corporation at 29. 2x. On forward P/E, Zimmer Biomet Holdings, Inc. is actually cheaper at 9. 8x — 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: Smith & Nephew plc wins at 1. 88x versus Medtronic plc's 36. 00x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — SNN or BSX or MDT or ZBH?
Over the past 5 years, Boston Scientific Corporation (BSX) delivered a total return of +31.
2%, compared to -47. 3% for Zimmer Biomet Holdings, Inc. (ZBH). Over 10 years, the gap is even starker: BSX returned +155. 5% versus ZBH's -17. 8%. 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 — SNN or BSX or MDT or ZBH?
By beta (market sensitivity over 5 years), Boston Scientific Corporation (BSX) is the lower-risk stock at 0.
34β versus Zimmer Biomet Holdings, Inc. 's 0. 65β — meaning ZBH is approximately 90% 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 63% for Smith & Nephew plc — giving it more financial flexibility in a downturn.
05Which is growing faster — SNN or BSX or MDT or ZBH?
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 -19. 9% for Zimmer Biomet Holdings, 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.
06Which has better profit margins — SNN or BSX or MDT or ZBH?
Boston Scientific Corporation (BSX) is the more profitable company, earning 14.
4% net margin versus 8. 6% for Zimmer Biomet Holdings, 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 16. 3% for SNN. 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 SNN or BSX or MDT or ZBH 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, Smith & Nephew plc (SNN) is the more undervalued stock at a PEG of 1. 88x versus Medtronic plc's 36. 00x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Zimmer Biomet Holdings, Inc. (ZBH) trades at 9. 8x forward P/E versus 16. 7x for Boston Scientific Corporation — 6. 9x 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 — SNN or BSX or MDT or ZBH?
In this comparison, MDT (3.
6% yield), SNN (2. 5% yield), ZBH (1. 1% yield) pay a dividend. BSX does not pay a meaningful dividend and should not be held primarily for income.
09Is SNN or BSX or MDT or ZBH 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%, BSX: +155. 5%), 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 SNN and BSX and MDT and ZBH?
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: SNN is a mid-cap quality compounder stock; BSX is a mid-cap high-growth stock; MDT is a mid-cap income-oriented stock; ZBH is a mid-cap quality compounder stock. SNN, MDT, ZBH 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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