B

BECTON DICKINSON & CO

BDX · CIK 0000010795

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$21.84B8.2%
FY2025
Net income (FY)
$1.68B1.6%
FY2025
Free cash flow (FY)
$2.67B14.4%
FY2025
Diluted EPS (FY)
$5.820.7%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2007 · Revenue $6.28B · Net income $890.0M · 0000950123-09-066233 · filed 2009-11-25FY07Revenue $6.28BNet income $890.0M0000950123-09-066233 · filed 2009-11-25FY2008 · Revenue $6.90B · Net income $1.13B · 0000950123-10-108757 · filed 2010-11-24 · 0000950123-09-066233 · filed 2009-11-25FY08Revenue $6.90BNet income $1.13B0000950123-10-108757 · filed 2010-11-24 · 0000950123-09-066233 · filed 2009-11-25FY2009 · Revenue $6.99B · Net income $1.23B · 0000950123-11-100266 · filed 2011-11-23 · 0000950123-09-066233 · filed 2009-11-25FY09Revenue $6.99BNet income $1.23B0000950123-11-100266 · filed 2011-11-23 · 0000950123-09-066233 · filed 2009-11-25FY2010 · Revenue $7.12B · 0001193125-12-478705 · filed 2012-11-21FY10Revenue $7.12B0001193125-12-478705 · filed 2012-11-21FY2011 · Revenue $7.58B · 0001193125-13-456802 · filed 2013-11-27FY11Revenue $7.58B0001193125-13-456802 · filed 2013-11-27FY2012 · Revenue $7.71B · Net income $1.17B · 0001193125-14-426571 · filed 2014-11-26FY12Revenue $7.71BNet income $1.17B0001193125-14-426571 · filed 2014-11-26FY2013 · Revenue $8.05B · Net income $1.29B · 0001628280-15-008984 · filed 2015-11-25FY13Revenue $8.05BNet income $1.29B0001628280-15-008984 · filed 2015-11-25FY2014 · Revenue $8.45B · Net income $1.19B · 0001628280-16-021658 · filed 2016-11-23FY14Revenue $8.45BNet income $1.19B0001628280-16-021658 · filed 2016-11-23FY2015 · Revenue $10.28B · Net income $695.0M · 0000010795-17-000021 · filed 2017-11-22FY15Revenue $10.28BNet income $695.0M0000010795-17-000021 · filed 2017-11-22FY2016 · Revenue $12.48B · Net income $976.0M · 0000010795-18-000036 · filed 2018-11-21FY16Revenue $12.48BNet income $976.0M0000010795-18-000036 · filed 2018-11-21FY2017 · Revenue $12.09B · Net income $1.10B · 0000010795-19-000044 · filed 2019-11-27FY17Revenue $12.09BNet income $1.10B0000010795-19-000044 · filed 2019-11-27FY2018 · Revenue $15.98B · Net income $311.0M · 0000010795-20-000055 · filed 2020-11-25FY18Revenue $15.98BNet income $311.0M0000010795-20-000055 · filed 2020-11-25FY2019 · Revenue $17.29B · Net income $1.23B · 0000010795-21-000091 · filed 2021-11-24FY19Revenue $17.29BNet income $1.23B0000010795-21-000091 · filed 2021-11-24FY2020 · Revenue $16.07B · Net income $874.0M · 0001628280-22-030686 · filed 2022-11-22FY20Revenue $16.07BNet income $874.0M0001628280-22-030686 · filed 2022-11-22FY2021 · Revenue $19.13B · Net income $2.09B · 0000010795-23-000098 · filed 2023-11-21FY21Revenue $19.13BNet income $2.09B0000010795-23-000098 · filed 2023-11-21FY2022 · Revenue $18.87B · Net income $1.78B · 0000010795-24-000084 · filed 2024-11-27FY22Revenue $18.87BNet income $1.78B0000010795-24-000084 · filed 2024-11-27FY2023 · Revenue $19.37B · Net income $1.48B · 0000010795-25-000099 · filed 2025-11-25FY23Revenue $19.37BNet income $1.48B0000010795-25-000099 · filed 2025-11-25FY2024 · Revenue $20.18B · Net income $1.71B · 0000010795-25-000099 · filed 2025-11-25FY24Revenue $20.18BNet income $1.71B0000010795-25-000099 · filed 2025-11-25FY2025 · Revenue $21.84B · Net income $1.68B · 0000010795-25-000099 · filed 2025-11-25FY25Revenue $21.84BNet income $1.68B0000010795-25-000099 · filed 2025-11-25FY25Revenue $21.84BNet income $1.68B0000010795-25-000099 · filed 2025-11-25FY07FY10FY13FY16FY19FY22FY25

revenue 3.5× since FY2007 · net margin 14.2% → 7.7%

MarginsNet marginFCF margin
0%5%10%15%FY2007 · Net margin 14.2% · FCF margin 10.7%FY07Net margin 14.2%FCF margin 10.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 16.3% · FCF margin 14.8%FY08Net margin 16.3%FCF margin 14.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 17.6% · FCF margin 15.4%FY09Net margin 17.6%FCF margin 15.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · FCF margin 14.8%FY10FCF margin 14.8%derived: (ocf − capex) ÷ revenueFY2011 · FCF margin 14.9%FY11FCF margin 14.9%derived: (ocf − capex) ÷ revenueFY2012 · Net margin 15.2% · FCF margin 15.6%FY12Net margin 15.2%FCF margin 15.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 16.1% · FCF margin 14.8%FY13Net margin 16.1%FCF margin 14.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 14.0% · FCF margin 13.7%FY14Net margin 14.0%FCF margin 13.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 6.8% · FCF margin 11.0%FY15Net margin 6.8%FCF margin 11.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 7.8% · FCF margin 14.9%FY16Net margin 7.8%FCF margin 14.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 9.1% · FCF margin 15.1%FY17Net margin 9.1%FCF margin 15.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 1.9% · FCF margin 12.3%FY18Net margin 1.9%FCF margin 12.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 7.1% · FCF margin 13.7%FY19Net margin 7.1%FCF margin 13.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 5.4% · FCF margin 17.2%FY20Net margin 5.4%FCF margin 17.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 10.9% · FCF margin 18.0%FY21Net margin 10.9%FCF margin 18.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 9.4% · FCF margin 7.9%FY22Net margin 9.4%FCF margin 7.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 7.7% · FCF margin 10.9%FY23Net margin 7.7%FCF margin 10.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 8.4% · FCF margin 15.5%FY24Net margin 8.4%FCF margin 15.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 7.7% · FCF margin 12.2%FY25Net margin 7.7%FCF margin 12.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 7.7%FCF margin 12.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 7.7% · free cash flow 12.2% of revenue

Cash engineOperating cash flowFree cash flow
$0$2B$4BFY2007 · OCF $1.23B · FCF $673.7M · 0000950123-09-066233 · filed 2009-11-25FY07OCF $1.23BFCF $673.7M0000950123-09-066233 · filed 2009-11-25FY2008 · OCF $1.62B · FCF $1.02B · 0000950123-10-108757 · filed 2010-11-24FY08OCF $1.62BFCF $1.02B0000950123-10-108757 · filed 2010-11-24FY2009 · OCF $1.66B · FCF $1.07B · 0000950123-11-100266 · filed 2011-11-23FY09OCF $1.66BFCF $1.07B0000950123-11-100266 · filed 2011-11-23FY2010 · OCF $1.59B · FCF $1.06B · 0001193125-12-478705 · filed 2012-11-21FY10OCF $1.59BFCF $1.06B0001193125-12-478705 · filed 2012-11-21FY2011 · OCF $1.64B · FCF $1.13B · 0001193125-13-456802 · filed 2013-11-27FY11OCF $1.64BFCF $1.13B0001193125-13-456802 · filed 2013-11-27FY2012 · OCF $1.69B · FCF $1.21B · 0001193125-14-426571 · filed 2014-11-26FY12OCF $1.69BFCF $1.21B0001193125-14-426571 · filed 2014-11-26FY2013 · OCF $1.72B · FCF $1.20B · 0001628280-15-008984 · filed 2015-11-25FY13OCF $1.72BFCF $1.20B0001628280-15-008984 · filed 2015-11-25FY2014 · OCF $1.75B · FCF $1.15B · 0001628280-16-021658 · filed 2016-11-23FY14OCF $1.75BFCF $1.15B0001628280-16-021658 · filed 2016-11-23FY2015 · OCF $1.73B · FCF $1.13B · 0000010795-17-000021 · filed 2017-11-22FY15OCF $1.73BFCF $1.13B0000010795-17-000021 · filed 2017-11-22FY2016 · OCF $2.56B · FCF $1.87B · 0000010795-18-000036 · filed 2018-11-21FY16OCF $2.56BFCF $1.87B0000010795-18-000036 · filed 2018-11-21FY2017 · OCF $2.55B · FCF $1.82B · 0000010795-19-000044 · filed 2019-11-27FY17OCF $2.55BFCF $1.82B0000010795-19-000044 · filed 2019-11-27FY2018 · OCF $2.87B · FCF $1.97B · 0000010795-20-000055 · filed 2020-11-25FY18OCF $2.87BFCF $1.97B0000010795-20-000055 · filed 2020-11-25FY2019 · OCF $3.33B · FCF $2.37B · 0000010795-21-000091 · filed 2021-11-24FY19OCF $3.33BFCF $2.37B0000010795-21-000091 · filed 2021-11-24FY2020 · OCF $3.54B · FCF $2.77B · 0000010795-21-000091 · filed 2021-11-24FY20OCF $3.54BFCF $2.77B0000010795-21-000091 · filed 2021-11-24FY2021 · OCF $4.65B · FCF $3.45B · 0000010795-21-000091 · filed 2021-11-24FY21OCF $4.65BFCF $3.45B0000010795-21-000091 · filed 2021-11-24FY2022 · OCF $2.47B · FCF $1.50B · 0000010795-24-000084 · filed 2024-11-27FY22OCF $2.47BFCF $1.50B0000010795-24-000084 · filed 2024-11-27FY2023 · OCF $2.99B · FCF $2.12B · 0000010795-25-000099 · filed 2025-11-25FY23OCF $2.99BFCF $2.12B0000010795-25-000099 · filed 2025-11-25FY2024 · OCF $3.84B · FCF $3.12B · 0000010795-25-000099 · filed 2025-11-25FY24OCF $3.84BFCF $3.12B0000010795-25-000099 · filed 2025-11-25FY2025 · OCF $3.43B · FCF $2.67B · 0000010795-25-000099 · filed 2025-11-25FY25OCF $3.43BFCF $2.67B0000010795-25-000099 · filed 2025-11-25FY25OCF $3.43BFCF $2.67B0000010795-25-000099 · filed 2025-11-25’09’13’17’21’25

FY2025: $3.43B operating cash − $760.0M capex = $2.67B free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%30%FY2008 · ROE 22.8% · ROA 14.2%FY08ROE 22.8%ROA 14.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 23.9% · ROA 13.2%FY09ROE 23.9%ROA 13.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 28.3% · ROA 10.3%FY12ROE 28.3%ROA 10.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 25.6% · ROA 10.6%FY13ROE 25.6%ROA 10.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 23.5% · ROA 9.5%FY14ROE 23.5%ROA 9.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 9.7% · ROA 2.6%FY15ROE 9.7%ROA 2.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 12.8% · ROA 3.8%FY16ROE 12.8%ROA 3.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 8.5% · ROA 2.9%FY17ROE 8.5%ROA 2.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 1.5% · ROA 0.6%FY18ROE 1.5%ROA 0.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 5.8% · ROA 2.4%FY19ROE 5.8%ROA 2.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 3.7% · ROA 1.6%FY20ROE 3.7%ROA 1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 8.8% · ROA 3.9%FY21ROE 8.8%ROA 3.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 7.0% · ROA 3.4%FY22ROE 7.0%ROA 3.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 5.8% · ROA 2.8%FY23ROE 5.8%ROA 2.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 6.6% · ROA 3.0%FY24ROE 6.6%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 6.6% · ROA 3.0%FY25ROE 6.6%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 6.6%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assets’13’17’21’25

return on equity 23% (FY2008) → 7% (FY2025) · on assets 3.0%

The receipts