Becton, Dickinson and Company (BDX) Financial Ratios
30 years of historical data (1996–2025) · Healthcare · Medical - Instruments & Supplies
EV/EBITDA
↓
13.99
+11% vs avg
5yr avg: 12.63
30Y Low5.3·High18.1
P/FCF
↓
19.54
+15% vs avg
5yr avg: 16.97
30Y Low7.9·High52.1
P/B Ratio
↓
1.63
-0% vs avg
5yr avg: 1.63
30Y Low1.3·High4.0
ROE
↓
6.5%
-7% vs avg
5yr avg: 7.0%
30Y Low2%·High28%
Debt/EBITDA
↓
3.81
↓-5% vs avg
5yr avg: 4.02
30Y Low0.6·High7.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BDX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Becton, Dickinson and Company trades at 24.7x earnings, roughly in line with its 5-year average of 24.5x, sitting at the 79th percentile of its historical range. Compared to the Healthcare sector median P/E of 22.1x, the stock trades at a premium of 12%. On a free-cash-flow basis, the stock trades at 19.5x P/FCF, 15% above the 5-year average of 17.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $52.2B | $33.2B | $43.4B | $46.1B | $39.6B | $43.3B | $39.6B | $41.9B | $41.6B | $26.4B | $23.6B |
| Enterprise Value | $70.5B | $51.5B | $63.1B | $61.4B | $55.4B | $59.3B | $54.7B | $60.7B | $62.0B | $31.1B | $33.6B |
| P/E Ratio → | 24.70 | 19.84 | 25.43 | 32.35 | 23.42 | 21.62 | 51.73 | 39.18 | 262.12 | 25.67 | 24.12 |
| P/S Ratio | 2.39 | 1.52 | 2.15 | 2.38 | 2.10 | 2.26 | 2.46 | 2.42 | 2.60 | 2.18 | 1.89 |
| P/B Ratio | 1.63 | 1.31 | 1.67 | 1.79 | 1.57 | 1.83 | 1.67 | 1.99 | 1.98 | 2.04 | 3.09 |
| P/FCF | 19.54 | 12.44 | 14.12 | 21.79 | 23.84 | 12.67 | 14.51 | 17.65 | 21.13 | 14.48 | 12.80 |
| P/OCF | 15.21 | 9.68 | 11.42 | 15.42 | 15.03 | 9.31 | 11.19 | 12.58 | 14.53 | 10.35 | 9.21 |
P/E links to full P/E history page with 30-year chart
BDX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Becton, Dickinson and Company's enterprise value stands at 14.0x EBITDA, 11% above its 5-year average of 12.6x. This is roughly in line with the Healthcare sector median of 14.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.36 | 3.13 | 3.17 | 2.93 | 3.10 | 3.40 | 3.51 | 3.88 | 2.57 | 2.69 |
| EV / EBITDA | 13.99 | 10.23 | 13.47 | 13.96 | 12.27 | 13.24 | 18.07 | 15.13 | 17.77 | 11.91 | 13.20 |
| EV / EBIT | 27.34 | 20.66 | 24.91 | 29.06 | 25.39 | 27.44 | 58.07 | 33.46 | 32.98 | 20.77 | 22.96 |
| EV / FCF | — | 19.30 | 20.54 | 29.04 | 33.35 | 17.36 | 20.04 | 25.59 | 31.46 | 17.05 | 18.23 |
BDX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Becton, Dickinson and Company earns an operating margin of 11.8%. ROE of 6.5% is modest. ROIC of 4.3% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.4% | 45.4% | 45.2% | 42.2% | 44.9% | 45.1% | 42.3% | 47.9% | 45.5% | 49.3% | 48.0% |
| Operating Margin | 11.8% | 11.8% | 11.9% | 10.9% | 12.1% | 11.8% | 5.7% | 10.2% | 9.4% | 12.6% | 11.5% |
| Net Profit Margin | 7.7% | 7.7% | 8.4% | 7.7% | 9.4% | 10.9% | 5.4% | 7.1% | 1.9% | 9.1% | 7.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.5% | 6.5% | 6.6% | 5.8% | 7.3% | 8.8% | 3.9% | 5.9% | 1.8% | 10.7% | 13.2% |
| ROA | 3.0% | 3.0% | 3.1% | 2.8% | 3.3% | 3.9% | 1.7% | 2.3% | 0.7% | 3.5% | 3.7% |
| ROIC | 4.3% | 4.3% | 4.1% | 3.8% | 4.2% | 4.3% | 1.7% | 3.2% | 3.8% | 6.5% | 5.9% |
| ROCE | 5.4% | 5.4% | 5.1% | 4.6% | 4.9% | 4.7% | 1.9% | 3.8% | 3.7% | 5.5% | 6.6% |
BDX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Becton, Dickinson and Company carries a Debt/EBITDA ratio of 3.8x, which is moderately leveraged (18% above the sector average of 3.2x). Net debt stands at $18.3B ($19.2B total debt minus $851M cash). Interest coverage of 4.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.76 | 0.76 | 0.83 | 0.65 | 0.67 | 0.78 | 0.75 | 0.92 | 1.02 | 1.46 | 1.51 |
| Debt / EBITDA | 3.81 | 3.81 | 4.61 | 3.82 | 3.76 | 4.11 | 5.92 | 4.83 | 6.16 | 7.23 | 4.54 |
| Net Debt / Equity | — | 0.72 | 0.76 | 0.59 | 0.62 | 0.68 | 0.64 | 0.89 | 0.97 | 0.36 | 1.31 |
| Net Debt / EBITDA | 3.64 | 3.64 | 4.21 | 3.49 | 3.50 | 3.58 | 4.99 | 4.70 | 5.84 | 1.80 | 3.93 |
| Debt / FCF | — | 6.87 | 6.42 | 7.25 | 9.51 | 4.69 | 5.53 | 7.95 | 10.33 | 2.57 | 5.44 |
| Interest Coverage | 4.07 | 4.07 | 4.80 | 4.68 | 5.48 | 4.61 | 1.78 | 2.84 | 2.66 | 2.87 | 3.77 |
BDX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.11x means Becton, Dickinson and Company can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.64x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.31x to 1.11x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.11 | 1.11 | 1.17 | 1.31 | 1.04 | 1.33 | 1.54 | 1.17 | 1.03 | 5.58 | 1.45 |
| Quick Ratio | 0.64 | 0.64 | 0.74 | 0.81 | 0.63 | 0.92 | 1.07 | 0.72 | 0.69 | 5.03 | 1.06 |
| Cash Ratio | 0.10 | 0.10 | 0.26 | 0.21 | 0.15 | 0.36 | 0.49 | 0.10 | 0.16 | 4.25 | 0.43 |
| Asset Turnover | — | 0.39 | 0.35 | 0.37 | 0.36 | 0.36 | 0.30 | 0.33 | 0.30 | 0.32 | 0.49 |
| Inventory Turnover | 3.06 | 3.06 | 2.88 | 3.42 | 3.22 | 3.83 | 3.38 | 3.49 | 3.56 | 3.37 | 3.78 |
| Days Sales Outstanding | — | 50.04 | 54.86 | 47.74 | 42.38 | 44.84 | 54.45 | 49.50 | 52.96 | 52.64 | 47.31 |
BDX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Becton, Dickinson and Company returns 4.8% to shareholders annually — split between a 2.9% dividend yield and 1.9% buyback yield. The payout ratio of 71.3% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 4.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.9% | 3.6% | 2.5% | 2.4% | 2.7% | 2.4% | 2.6% | 2.3% | 2.2% | 2.6% | 2.4% |
| Payout Ratio | 71.3% | 71.3% | 64.5% | 75.1% | 60.8% | 50.1% | 117.4% | 79.8% | 298.1% | 61.5% | 57.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.0% | 5.0% | 3.9% | 3.1% | 4.3% | 4.6% | 1.9% | 2.6% | 0.4% | 3.9% | 4.1% |
| FCF Yield | 5.1% | 8.0% | 7.1% | 4.6% | 4.2% | 7.9% | 6.9% | 5.7% | 4.7% | 6.9% | 7.8% |
| Buyback Yield | 1.9% | 3.0% | 1.2% | 0.0% | 1.3% | 4.0% | 0.0% | 0.0% | 0.0% | 0.8% | 0.1% |
| Total Shareholder Yield | 4.8% | 6.6% | 3.7% | 2.4% | 4.0% | 6.5% | 2.6% | 2.3% | 2.2% | 3.4% | 2.5% |
| Shares Outstanding | — | $287M | $291M | $288M | $287M | $292M | $282M | $275M | $265M | $224M | $218M |
Peer Comparison
Compare BDX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BDXYou | $52B | 24.7 | 14.0 | 19.5 | 45.4% | 11.8% | 6.5% | 4.3% | 3.8 |
 BAX | $10B | -11.4 | 27.2 | 31.8 | 30.1% | -2.7% | -14.6% | -1.4% | 14.9 |
 BSX | $67B | 23.3 | 20.8 | 18.4 | 69.0% | 19.8% | 12.4% | 8.8% | 3.3 |
 MDT | $102B | 22.0 | 14.5 | 19.6 | 65.3% | 17.8% | 9.4% | 6.0% | 3.2 |
 SYK | $118B | 36.6 | 21.2 | 27.5 | 64.0% | 19.5% | 15.1% | 11.4% | 2.4 |
 ZBH | $17B | 24.8 | 9.8 | 11.7 | 61.6% | 16.5% | 5.6% | 5.4% | 3.1 |
 EW | $50B | 47.7 | 26.8 | 37.7 | 78.1% | 27.0% | 10.5% | 15.5% | 0.4 |
 ABT | $154B | 11.6 | 16.1 | 24.2 | 50.8% | 16.3% | 30.9% | 9.9% | 1.5 |
 DHR | $125B | 35.2 | 18.4 | 23.8 | 60.9% | 20.9% | 7.1% | 5.9% | 2.4 |
 TMO | $173B | 26.2 | 18.7 | 27.4 | 37.7% | 18.2% | 13.1% | 7.5% | 3.8 |
 HSIC | $9B | 24.4 | 11.9 | 16.0 | 29.1% | 5.7% | 8.3% | 7.1% | 3.4 |
| Healthcare Median | — | 22.1 | 14.2 | 18.5 | 63.9% | -4.3% | -32.6% | -11.6% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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BDX — Frequently Asked Questions
Quick answers to the most common questions about buying BDX stock.
What is Becton, Dickinson and Company's P/E ratio?
Becton, Dickinson and Company's current P/E ratio is 24.7x. The historical average is 18.1x. This places it at the 79th percentile of its historical range.
What is Becton, Dickinson and Company's EV/EBITDA?
Becton, Dickinson and Company's current EV/EBITDA is 14.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.4x.
What is Becton, Dickinson and Company's ROE?
Becton, Dickinson and Company's return on equity (ROE) is 6.5%. The historical average is 16.5%.
Is BDX stock overvalued?
Based on historical data, Becton, Dickinson and Company is trading at a P/E of 24.7x. This is at the 79th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Becton, Dickinson and Company's dividend yield?
Becton, Dickinson and Company's current dividend yield is 2.89% with a payout ratio of 71.3%.
What are Becton, Dickinson and Company's profit margins?
Becton, Dickinson and Company has 45.4% gross margin and 11.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Becton, Dickinson and Company have?
Becton, Dickinson and Company's Debt/EBITDA ratio is 3.8x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.