Becton, Dickinson and Company

BDXUS

Operating globally, Becton, Dickinson and Company (BD) is a prominent enterprise focused on the development, manufacturing, and distribution of a broad spectrum of medical technology. This includes essential medical supplies, sophisticated devices, advanced laboratory equipment, and critical diagnostic products. Its extensive customer base comprises healthcare providers, clinical institutions, medical researchers, pharmaceutical firms, and the general public around the world. The BD Medical division delivers a comprehensive suite of products primarily focused on medication management and drug delivery. This encompasses a variety of intravenous (IV) access solutions, such as peripheral and advanced catheters, central lines, acute dialysis catheters, and related vascular care items including needle-free connectors and closed-system drug transfer devices. It also provides essential injection equipment like hypodermic syringes, needles, anesthesia trays, enteral syringes, and sharps disposal systems. Additionally, this segment develops integrated systems for IV medication and infusion therapy, medication compounding workflow, automated dispensing, and supply chain optimization. Specialized products for diabetes management, including pen needles, along with prefillable drug delivery systems, are also key offerings. BD Life Sciences focuses on diagnostic and research tools, offering products for specimen and blood collection. This segment supplies automated systems for culturing blood and tuberculosis, molecular testing, microorganism identification, and drug susceptibility analysis. It also provides liquid-based cytology systems, rapid diagnostic assays, microbiology laboratory automation, and plated media. Furthermore, it offers advanced solutions for cell analysis, including fluorescence-activated cell sorters and analyzers, antibodies, kits, and reagent systems. These are crucial for single-cell gene expression analysis, as well as for clinical oncology, immunological, and transplantation diagnostics and monitoring. Finally, the BD Interventional segment delivers specialized products for surgical and interventional procedures. Its portfolio includes solutions for hernia and soft tissue repair, biological and bioresorbable grafts, and biosurgery, alongside other surgical products. This segment also addresses surgical infection prevention, provides a range of surgical and laparoscopic instrumentation, offers peripheral intervention products, and supplies urology and critical care devices. Established in 1897, the company maintains its headquarters in Franklin Lakes, New Jersey.

Founded1897IPO year1973As of2026-08-04
Market Cap
$61.51B
Enterprise Value
$77.98B
EV / LTM Revenue
3.6x
EV / NTM Revenue
4.0x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
4.0x
Gross Profit
8.6x
EBITDA
17.2x
Classification
Sector
Medical Devices & Diagnostics
Sub-sector
Diagnostics & Imaging
Listing
BDX
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY-3%4%6%6%-12%3%
Revenue$19.37B$18.74B$19.49B$20.64B$21.92B$19.33B$19.86B
Gross Profit$8.71B$8.39B$8.06B$9.33B$10.03B
Gross Profit Margin45.0%44.8%41.4%45.2%45.8%
EBITDA$4.23B$4.32B$4.28B$4.86B$5.10B$4.47B$4.59B
EBITDA Margin21.8%23.0%22.0%23.5%23.2%23.1%23.1%
EBIT$2.11B$2.17B$1.97B$2.41B$2.72B$2.23B$2.29B
Net Income$1.77B$1.61B$1.26B$1.73B$1.76B$3.61B$3.91B
Free Cash Flow$2.62B$1.37B$2.65B$2.94B$2.63B
FCF Margin13.5%7.3%13.6%14.2%12.0%
Short-Term Debt$1.06B$2.19B$2.02B$1.32B$2.62B
Long-Term Debt$16.36B$14.27B$14.09B$17.44B$16.92B
Cash & Cash Equivalents$1.90B$612M$1.18B$711M$1.02B
Net Debt$15.52B$15.84B$14.93B$18.05B$18.52B
Net Debt / EBITDA3.7x3.7x3.5x3.7x3.6x
Rule of 404.0%17.6%20.1%18.2%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.