Becton, Dickinson and Company (BDX) Financials

$165.13 -1.87 (-1.12%)

Closing price 03:59 PM Eastern

Extended Trading

$164.66 -0.47 (-0.28%)

As of 05:27 PM Eastern

Annual Income Statements for Becton, Dickinson and Company

This table shows Becton, Dickinson and Company's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Net Income / (Loss) Attributable to Common Shareholders	695	976	1,030	159	1,082	767	2,002	1,689	1,424	1,705
Consolidated Net Income / (Loss)	695	976	1,100	311	1,233	874	2,092	1,779	1,484	1,705
Net Income / (Loss) Continuing Operations	695	977	1,100	311	1,233	352	1,604	1,635	1,530	1,705
Total Pre-Tax Income	739	1,074	976	1,173	1,176	414	1,692	1,783	1,662	2,005
Total Operating Income	1,074	1,430	1,522	1,509	1,760	912	2,250	2,282	2,111	2,397
Total Gross Profit	4,695	5,991	5,965	7,269	8,288	6,798	8,631	8,477	8,170	9,125
Total Revenue	10,282	12,483	12,093	15,983	17,290	16,074	19,131	18,870	19,372	20,178
Operating Revenue	10,282	12,483	12,093	15,983	17,290	16,074	19,131	18,870	19,372	20,178
Total Cost of Revenue	5,587	6,492	6,128	8,714	9,002	9,276	10,500	10,393	11,202	11,053
Operating Cost of Revenue	5,587	6,492	6,128	8,714	9,002	9,276	10,500	10,393	11,202	11,053
Total Operating Expenses	3,621	4,561	4,443	5,760	6,528	5,886	6,380	6,194	6,059	6,727
Selling, General & Admin Expense	2,563	3,005	2,909	4,016	4,332	4,185	4,719	4,709	4,719	4,857
Research & Development Expense	632	828	770	1,004	1,062	1,039	1,279	1,256	1,237	1,190
Other Operating Expenses / (Income)	0.00	0.00	410	0.00	1,134	363	203	37	-210	222
Restructuring Charge	426	728	354	740	-	299	179	192	313	458
Total Other Income / (Expense), net	-335	-356	-546	-336	-584	-498	-559	-499	-449	-393
Interest Expense	371	388	521	706	639	528	469	398	452	528
Interest & Investment Income	15	21	76	65	12	7.00	9.00	16	49	163
Other Income / (Expense), net	21	11	-101	305	43	23	-99	-117	-46	-28
Income Tax Expense	44	97	-124	862	-57	62	88	148	132	300
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	522	488	144	-46	0.00
Preferred Stock Dividends Declared	0.00	0.00	70	152	152	107	90	90	60	0.00
Basic Earnings per Share	$3.43	$4.59	$4.70	$0.62	$4.01	$2.75	$6.92	$5.93	$4.97	$5.88
Weighted Average Basic Shares Outstanding	202.54M	212.70M	218.94M	258.35M	270.46M	290.03M	284.02M	283.38M	290.41M	289.12M
Diluted Earnings per Share	$3.35	$4.49	$4.60	$0.60	$3.94	$2.71	$6.85	$5.88	$4.94	$5.86
Weighted Average Diluted Shares Outstanding	202.54M	212.70M	218.94M	258.35M	270.46M	290.03M	284.02M	283.38M	290.41M	289.12M
Weighted Average Basic & Diluted Shares Outstanding	202.54M	212.70M	218.94M	258.35M	270.46M	290.03M	284.02M	283.38M	290.41M	289.12M
Cash Dividends to Common per Share	$2.40	$2.64	$2.92	$3.00	$3.08	$3.16	$3.32	$3.48	$3.64	$3.80

This table shows Becton, Dickinson and Company's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	338	265	486	438	392	108	281	537	487	400	303
Consolidated Net Income / (Loss)	360	288	509	460	407	108	281	537	487	400	303
Net Income / (Loss) Continuing Operations	390	287	509	461	407	153	282	537	487	399	303
Total Pre-Tax Income	421	320	481	529	471	181	359	633	500	513	306
Total Operating Income	537	489	585	628	549	349	439	734	602	622	453
Total Gross Profit	2,067	2,077	2,133	2,235	2,100	1,702	2,027	2,304	2,307	2,487	2,235
Total Revenue	4,641	4,761	4,586	4,821	4,878	5,087	4,706	5,045	4,990	5,437	5,168
Operating Revenue	4,641	4,761	4,586	4,821	4,878	5,087	4,706	5,045	4,990	5,437	5,168
Total Cost of Revenue	2,574	2,684	2,453	2,586	2,778	3,385	2,679	2,741	2,683	2,950	2,933
Operating Cost of Revenue	2,574	2,684	2,453	2,586	2,778	3,385	2,679	2,741	2,683	2,950	2,933
Total Operating Expenses	1,530	1,588	1,547	1,608	1,553	1,351	1,589	1,570	1,705	1,863	1,781
Selling, General & Admin Expense	1,149	1,183	1,187	1,205	1,190	1,137	1,213	1,193	1,196	1,255	1,318
Research & Development Expense	315	300	313	337	306	281	290	299	299	302	343
Other Operating Expenses / (Income)	11	30	3.00	4.00	-13	-204	11	-23	98	136	28
Restructuring Charge	55	75	44	62	70	137	75	101	112	170	92
Total Other Income / (Expense), net	-115	-170	-104	-100	-78	-167	-81	-101	-102	-109	-148
Interest Expense	99	104	102	118	119	113	111	125	137	155	155
Interest & Investment Income	5.00	7.00	6.00	10	24	9.00	34	26	48	55	23
Other Income / (Expense), net	-21	-73	-8.00	8.00	17	-63	-4.00	-2.00	-13	-9.00	-16
Income Tax Expense	31	33	-28	68	64	28	77	96	13	114	3.00
Basic Earnings per Share	$1.18	$0.94	$1.71	$1.54	$1.37	$0.35	$0.97	$1.85	$1.68	$1.38	$1.05
Weighted Average Basic Shares Outstanding	285.20M	283.38M	283.90M	284.01M	290.11M	290.41M	288.90M	289.01M	289.04M	289.12M	287.14M
Diluted Earnings per Share	$1.18	$0.92	$1.70	$1.53	$1.36	$0.35	$0.96	$1.85	$1.68	$1.37	$1.04
Weighted Average Diluted Shares Outstanding	285.20M	283.38M	283.90M	284.01M	290.11M	290.41M	288.90M	289.01M	289.04M	289.12M	287.14M
Weighted Average Basic & Diluted Shares Outstanding	285.20M	283.38M	283.90M	284.01M	290.11M	290.41M	288.90M	289.01M	289.04M	289.12M	287.14M
Cash Dividends to Common per Share	$0.87	$0.87	$0.91	$0.91	$0.91	$0.91	$0.95	$0.95	$0.95	$0.95	$1.04

This table details how cash moves in and out of Becton, Dickinson and Company's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Net Change in Cash & Equivalents	-436	117	12,638	-12,925	-634	2,326	-525	-1,233	322	375
Net Cash From Operating Activities	1,730	2,559	2,550	2,865	3,330	2,937	4,126	2,471	2,989	3,844
Net Cash From Continuing Operating Activities	1,729	2,559	2,550	2,865	3,328	2,937	4,126	2,471	2,990	3,844
Net Income / (Loss) Continuing Operations	695	976	1,100	311	1,233	352	1,604	1,635	1,530	1,705
Consolidated Net Income / (Loss)	695	976	1,100	311	1,233	874	2,092	1,779	1,484	1,705
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	522	488	144	-46	0.00
Depreciation Expense	891	1,114	1,088	1,978	2,253	2,115	2,230	2,229	2,288	2,286
Non-Cash Adjustments To Reconcile Net Income	166	196	999	-166	771	761	732	250	756	215
Changes in Operating Assets and Liabilities, net	-23	273	-637	742	-929	-291	-439	-1,644	-1,584	-363
Net Cash From Investing Activities	-8,318	-669	-883	-15,733	-741	-1,190	-1,843	-3,220	-716	-5,514
Net Cash From Continuing Investing Activities	-8,317	-669	-884	-15,733	-741	-1,190	-1,843	-3,220	-716	-5,514
Purchase of Property, Plant & Equipment	-596	-693	-727	-895	-957	-769	-1,194	-973	-874	-725
Acquisitions	-8,414	0.00	-174	-15,155	0.00	-164	-508	-2,070	0.00	-3,924
Purchase of Investments	-	-	-	-217	-	-	-	0.00	0.00	-421
Divestitures	0.00	158	165	534	477	-	0.00	0.00	540	0.00
Other Investing Activities, net	-147	-133	-148	-	-261	-257	-142	-178	-382	-444
Net Cash From Financing Activities	6,190	-1,761	10,977	-58	-3,223	22	-3,306	-736	-1,956	2,087
Net Cash From Continuing Financing Activities	6,191	-1,760	10,978	-57	-3,224	22	-3,306	-736	-1,956	2,087
Repayment of Debt	464	-784	-4,414	-3,996	-4,949	-4,773	-5,377	-652	-2,505	-831
Repurchase of Common Equity	0.00	0.00	-220	-	0.00	0.00	-1,750	-500	0.00	-500
Payment of Dividends	-485	-562	-677	-927	-984	-1,026	-1,048	-1,082	-1,114	-1,100
Issuance of Debt	6,164	-500	11,462	5,086	2,709	2,904	4,869	497	1,662	4,517
Other Financing Activities, net	48	86	-	-220	-	0.00	0.00	1,001	0.00	0.00
Effect of Exchange Rate Changes	-38	-12	-	-	-	-3.00	15	-45	5.00	4.00
Other Net Changes in Cash	-	-	-6.00	-	-	560	484	298	-1.00	-46

This table details how cash moves in and out of Becton, Dickinson and Company's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-564	-1,601	-415	1,324	-1,043	456	-247	1,160	2,093	-2,631	-1,043
Net Cash From Operating Activities	678	973	399	185	1,081	1,324	841	514	1,265	1,224	693
Net Cash From Continuing Operating Activities	678	973	399	185	1,081	1,325	855	514	1,297	1,178	693
Net Income / (Loss) Continuing Operations	390	287	509	460	407	154	281	537	487	400	303
Consolidated Net Income / (Loss)	360	288	509	460	407	108	281	537	487	400	303
Depreciation Expense	554	581	567	563	571	587	561	571	568	586	607
Non-Cash Adjustments To Reconcile Net Income	60	192	110	79	64	503	-46	82	75	104	88
Changes in Operating Assets and Liabilities, net	-325	-89	-786	-918	38	82	59	-675	165	88	-305
Net Cash From Discontinued Operating Activities	-	-	0.00	-	-	-1.00	-14	-	-32	-	0.00
Net Cash From Investing Activities	-236	-2,005	-291	-233	-329	137	-233	-1,056	-288	-3,937	204
Net Cash From Continuing Investing Activities	-236	-2,005	-291	-232	-329	136	-232	-1,057	-288	-3,937	204
Purchase of Property, Plant & Equipment	-253	-315	-208	-181	-191	-294	-116	-134	-179	-296	-105
Acquisitions	-	-1,620	-	-	-	-	0.00	-	-	-	-8.00
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	-	-	-	411
Other Investing Activities, net	17	-71	-83	-51	-138	-110	-116	-108	-94	-126	-94
Net Cash From Financing Activities	-846	-549	-534	1,369	-1,794	-997	-862	1,705	1,120	124	-1,928
Net Cash From Continuing Financing Activities	-846	-549	-533	1,367	-1,793	-997	-862	1,705	1,119	125	-1,928
Repayment of Debt	-310	-277	-617	-13	-1,142	-733	-87	8.00	-1,151	399	-951
Repurchase of Common Equity	-	-	0.00	-	-	-	-500	-	-	-	-750
Payment of Dividends	-271	-270	-281	-282	-286	-265	-275	-275	-275	-275	-302
Issuance of Debt	-	497	365	1,662	-365	-	0.00	1,972	2,545	-	75
Effect of Exchange Rate Changes	-	-19	11	3.00	-1.00	-8.00	7.00	-3.00	-4.00	4.00	-12

This table presents Becton, Dickinson and Company's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Total Assets	26,478	25,586	37,734	53,904	51,765	54,012	53,866	52,934	52,780	57,286
Total Current Assets	5,659	6,367	18,633	7,411	6,664	8,969	8,838	8,141	8,676	10,468
Cash & Equivalents	1,424	1,541	14,179	1,140	536	2,825	2,283	1,006	1,416	1,717
Restricted Cash	-	-	0.00	96	54	92	109	153	65	139
Short-Term Investments	20	27	21	17	30	20	12	8.00	8.00	445
Accounts Receivable	1,618	1,618	1,744	2,319	2,345	2,398	2,350	2,191	2,534	3,033
Inventories, net	1,959	1,719	1,818	2,451	2,579	2,743	2,743	3,224	3,273	3,843
Other Current Assets	563	480	871	1,251	1,119	891	1,048	1,559	1,380	1,292
Plant, Property, & Equipment, net	4,060	3,901	4,638	5,375	5,659	5,923	6,003	6,012	6,557	6,821
Plant, Property & Equipment, gross	-	-	-	-	-	-	-	-	-	14,378
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	7,557
Total Noncurrent Assets	16,758	15,320	14,463	41,119	39,442	39,120	39,027	38,779	37,548	39,997
Goodwill	7,537	7,419	7,563	23,600	23,376	23,620	23,886	24,621	24,522	26,465
Intangible Assets	4,409	3,626	3,415	4,257	3,924	3,667	3,356	3,202	2,890	3,184
Other Noncurrent Operating Assets	3,694	3,479	3,485	13,262	12,142	11,833	11,362	10,956	10,136	10,348
Total Liabilities & Shareholders' Equity	26,478	25,586	37,734	53,904	51,765	54,012	53,866	52,934	52,780	57,286
Total Liabilities	19,314	17,953	24,786	32,909	30,684	30,248	30,190	27,651	26,984	31,396
Total Current Liabilities	4,381	4,400	3,342	7,216	5,655	5,836	6,626	7,811	6,641	8,956
Short-Term Debt	1,452	1,001	203	2,601	1,309	707	500	2,179	1,141	2,170
Accounts Payable	631	665	797	1,106	1,092	1,355	1,739	1,699	1,641	6,786
Total Noncurrent Liabilities	14,933	13,553	21,444	25,693	25,029	24,412	23,564	19,840	20,343	22,440
Long-Term Debt	11,370	10,550	18,667	18,894	18,081	17,224	17,110	13,886	14,738	17,940
Noncurrent Employee Benefit Liabilities	1,133	1,319	1,168	1,056	1,272	1,435	1,228	902	1,023	942
Other Noncurrent Operating Liabilities	2,430	1,684	1,609	5,743	5,676	5,753	5,209	5,052	4,582	3,558
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	7,164	7,633	12,948	20,994	21,081	23,765	23,677	25,282	25,796	25,890
Total Preferred & Common Equity	7,164	7,633	12,948	20,994	21,081	23,765	23,677	25,282	25,796	25,890
Total Common Equity	7,165	7,634	12,946	20,992	21,080	23,763	23,675	25,280	25,797	25,889
Common Stock	4,808	5,026	9,966	16,526	16,617	19,635	19,637	19,918	20,091	20,264
Retained Earnings	12,314	12,727	13,111	12,596	12,913	12,791	13,826	15,157	15,535	16,139
Treasury Stock	-8,239	-8,212	-8,427	-6,243	-6,190	-6,138	-7,723	-8,330	-8,305	-8,807
Accumulated Other Comprehensive Income / (Loss)	-1,738	-1,929	-1,723	-1,909	-2,283	-2,548	-2,088	-1,488	-1,548	-1,732
Other Equity Adjustments	20	22	19	22	23	23	23	23	24	25

This table presents Becton, Dickinson and Company's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Total Assets	53,199	52,934	53,129	54,394	53,017	52,780	52,274	54,157	55,582	57,286	54,665
Total Current Assets	9,547	8,141	8,175	9,587	8,588	8,676	8,156	10,340	12,207	10,468	8,659
Cash & Equivalents	2,558	1,006	612	1,981	923	1,416	1,180	2,348	4,459	1,717	711
Restricted Cash	202	153	133	87	101	65	54	46	28	139	102
Short-Term Investments	14	8.00	0.00	6.00	8.00	8.00	2.00	827	851	445	17
Accounts Receivable	2,218	2,191	2,282	2,413	2,414	2,534	2,267	2,559	2,596	3,033	2,638
Inventories, net	3,163	3,224	3,604	3,657	3,588	3,273	3,304	3,229	3,256	3,843	3,859
Other Current Assets	1,392	1,559	1,545	1,444	1,282	1,380	1,349	1,330	1,018	1,292	1,331
Plant, Property, & Equipment, net	6,005	6,012	6,247	6,356	6,474	6,557	6,647	6,591	6,518	6,821	6,602
Plant, Property & Equipment, gross	12,405	-	12,926	13,204	13,475	-	13,899	13,925	13,922	14,378	14,156
Accumulated Depreciation	6,399	-	6,679	6,848	7,002	-	7,253	7,334	7,404	7,557	7,554
Total Noncurrent Assets	37,648	38,779	38,708	38,451	37,956	37,548	37,470	37,225	36,857	39,997	39,404
Goodwill	23,968	24,621	24,763	24,780	24,584	24,522	24,597	24,566	24,546	26,465	26,329
Intangible Assets	3,123	3,202	3,116	3,067	2,978	2,890	2,807	2,722	2,635	3,184	3,050
Other Noncurrent Operating Assets	10,557	10,956	10,829	10,604	10,394	10,136	10,066	9,937	9,676	10,348	10,025
Total Liabilities & Shareholders' Equity	53,199	52,934	53,129	54,394	53,017	52,780	52,274	54,157	55,582	57,286	54,665
Total Liabilities	27,706	27,651	27,657	28,705	27,081	26,984	26,942	28,509	29,714	31,396	29,461
Total Current Liabilities	7,080	7,811	7,625	7,304	6,878	6,641	7,540	7,327	6,605	8,956	7,664
Short-Term Debt	1,682	2,179	2,188	2,214	1,856	1,141	2,016	2,016	1,192	2,170	1,318
Accounts Payable	5,398	1,699	5,437	5,090	5,021	1,641	5,524	5,311	5,413	6,786	6,347
Total Noncurrent Liabilities	20,626	19,840	20,032	21,401	20,203	20,343	19,402	21,182	23,109	22,440	21,797
Long-Term Debt	14,683	13,886	14,268	16,010	14,926	14,738	14,094	15,995	18,131	17,940	17,440
Noncurrent Employee Benefit Liabilities	1,009	902	902	920	904	1,023	894	890	907	942	939
Other Noncurrent Operating Liabilities	4,934	5,052	4,862	4,471	4,373	4,582	4,414	4,297	4,071	3,558	3,418
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	25,493	25,282	25,472	25,689	25,937	25,796	25,332	25,647	25,868	25,890	25,205
Total Preferred & Common Equity	25,493	25,282	25,472	25,689	25,937	25,796	25,332	25,647	25,868	25,890	25,205
Total Common Equity	25,492	25,280	25,471	25,689	25,938	25,797	25,333	25,648	25,869	25,889	25,204
Common Stock	19,876	19,918	19,955	20,004	20,052	20,091	20,112	20,166	20,218	20,264	20,139
Retained Earnings	15,088	15,157	15,384	15,563	15,691	15,535	15,540	15,802	16,015	16,139	16,141
Treasury Stock	-7,836	-8,330	-8,333	-8,327	-8,321	-8,305	-8,828	-8,811	-8,807	-8,807	-9,425
Accumulated Other Comprehensive Income / (Loss)	-1,660	-1,488	-1,559	-1,575	-1,507	-1,548	-1,515	-1,535	-1,579	-1,732	-1,676
Other Equity Adjustments	24	23	24	24	23	24	24	26	22	25	25

This table displays calculated financial ratios and metrics derived from Becton, Dickinson and Company's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	21.74%	21.41%	-3.12%	32.17%	8.18%	-7.03%	19.02%	-1.36%	2.66%	4.16%
EBITDA Growth	-8.61%	28.65%	-1.80%	51.14%	6.96%	-24.80%	43.64%	0.30%	-0.93%	6.94%
EBIT Growth	-32.03%	31.60%	-1.39%	27.66%	-0.61%	-48.14%	130.05%	0.65%	-4.62%	14.72%
NOPAT Growth	-19.22%	28.79%	31.87%	-76.68%	361.23%	-57.98%	175.07%	-1.89%	-7.13%	4.89%
Net Income Growth	-41.35%	40.43%	12.70%	-71.73%	296.46%	-29.12%	139.36%	-14.96%	-16.58%	14.89%
EPS Growth	-44.07%	34.03%	2.45%	-86.96%	556.67%	-31.22%	152.77%	-14.16%	-15.99%	18.62%
Operating Cash Flow Growth	-0.92%	47.92%	-0.35%	12.35%	16.23%	-11.80%	40.48%	-40.11%	20.96%	28.60%
Free Cash Flow Firm Growth	-916.82%	123.79%	-52.88%	-1,930.07%	113.42%	-39.68%	36.42%	-90.01%	659.82%	-176.18%
Invested Capital Growth	195.27%	-7.42%	2.65%	133.30%	-3.05%	-2.74%	-1.07%	4.79%	0.02%	8.74%
Revenue Q/Q Growth	9.10%	1.40%	-0.53%	8.38%	1.06%	-4.99%	3.02%	2.49%	1.71%	1.77%
EBITDA Q/Q Growth	2.95%	-8.59%	16.43%	21.58%	-9.71%	-13.57%	8.28%	11.52%	-2.77%	7.53%
EBIT Q/Q Growth	-9.05%	-12.08%	31.57%	27.66%	-19.00%	-32.00%	14.17%	26.61%	-5.92%	16.01%
NOPAT Q/Q Growth	-2.71%	-12.08%	26.50%	-60.57%	41.15%	-46.42%	23.90%	17.91%	-6.56%	10.04%
Net Income Q/Q Growth	-14.72%	-14.24%	38.71%	-59.72%	31.87%	-3.96%	7.06%	1.31%	-10.82%	20.67%
EPS Q/Q Growth	-18.09%	-13.65%	32.18%	-73.57%	30.90%	-3.90%	7.87%	1.38%	-10.34%	21.07%
Operating Cash Flow Q/Q Growth	8.74%	1.07%	19.77%	6.70%	1.99%	-14.35%	-0.91%	5.64%	13.31%	-2.54%
Free Cash Flow Firm Q/Q Growth	-1.51%	7.01%	-12.10%	1.07%	33.77%	-32.46%	-12.60%	-79.65%	869.94%	-143.16%
Invested Capital Q/Q Growth	-1.57%	-3.64%	-0.65%	-2.33%	-2.98%	-2.51%	-0.57%	2.80%	-2.97%	9.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.66%	47.99%	49.33%	45.48%	47.94%	42.29%	45.12%	44.92%	42.17%	45.22%
EBITDA Margin	19.32%	20.47%	20.75%	23.73%	23.46%	18.97%	22.90%	23.29%	22.47%	23.07%
Operating Margin	10.45%	11.46%	12.59%	9.44%	10.18%	5.67%	11.76%	12.09%	10.90%	11.88%
EBIT Margin	10.65%	11.54%	11.75%	11.35%	10.43%	5.82%	11.24%	11.47%	10.66%	11.74%
Profit (Net Income) Margin	6.76%	7.82%	9.10%	1.95%	7.13%	5.44%	10.94%	9.43%	7.66%	8.45%
Tax Burden Percent	94.05%	90.88%	112.70%	26.51%	104.85%	211.11%	123.64%	99.78%	89.29%	85.04%
Interest Burden Percent	67.49%	74.53%	68.68%	64.66%	65.22%	44.28%	78.66%	82.36%	80.48%	84.63%
Effective Tax Rate	5.95%	9.03%	-12.70%	73.49%	-4.85%	14.98%	5.20%	8.30%	7.94%	14.96%
Return on Invested Capital (ROIC)	8.14%	7.29%	9.86%	1.36%	4.56%	1.97%	5.53%	5.33%	4.84%	4.86%
ROIC Less NNEP Spread (ROIC-NNEP)	3.14%	4.18%	1.20%	0.64%	1.41%	2.56%	5.26%	3.21%	1.70%	2.79%
Return on Net Nonoperating Assets (RNNOA)	3.24%	5.91%	0.83%	0.47%	1.30%	1.92%	3.29%	1.94%	0.97%	1.74%
Return on Equity (ROE)	11.38%	13.19%	10.69%	1.83%	5.86%	3.90%	8.82%	7.27%	5.81%	6.60%
Cash Return on Invested Capital (CROIC)	-90.66%	14.99%	7.25%	-78.62%	7.65%	4.75%	6.61%	0.65%	4.81%	-3.51%
Operating Return on Assets (OROA)	5.63%	5.54%	4.49%	3.96%	3.41%	1.77%	3.99%	4.05%	3.91%	4.30%
Return on Assets (ROA)	3.57%	3.75%	3.47%	0.68%	2.33%	1.65%	3.88%	3.33%	2.81%	3.10%
Return on Common Equity (ROCE)	11.38%	13.19%	10.69%	1.83%	5.86%	3.90%	8.82%	7.27%	5.81%	6.60%
Return on Equity Simple (ROE_SIMPLE)	9.70%	12.79%	8.50%	1.48%	5.85%	3.68%	8.84%	7.04%	5.75%	6.59%
Net Operating Profit after Tax (NOPAT)	1,010	1,301	1,715	400	1,845	775	2,133	2,093	1,943	2,038
NOPAT Margin	9.82%	10.42%	14.18%	2.50%	10.67%	4.82%	11.15%	11.09%	10.03%	10.10%
Net Nonoperating Expense Percent (NNEP)	5.00%	3.11%	8.67%	0.72%	3.15%	-0.58%	0.28%	2.12%	3.14%	2.07%
Return On Investment Capital (ROIC_SIMPLE)	5.05%	6.78%	5.39%	0.94%	4.56%	1.86%	5.17%	5.06%	4.66%	4.43%
Cost of Revenue to Revenue	54.34%	52.01%	50.67%	54.52%	52.06%	57.71%	54.88%	55.08%	57.83%	54.78%
SG&A Expenses to Revenue	24.93%	24.07%	24.06%	25.13%	25.05%	26.04%	24.67%	24.96%	24.36%	24.07%
R&D to Revenue	6.15%	6.63%	6.37%	6.28%	6.14%	6.46%	6.69%	6.66%	6.39%	5.90%
Operating Expenses to Revenue	35.22%	36.54%	36.74%	36.04%	37.76%	36.62%	33.35%	32.82%	31.28%	33.34%
Earnings before Interest and Taxes (EBIT)	1,095	1,441	1,421	1,814	1,803	935	2,151	2,165	2,065	2,369
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,986	2,555	2,509	3,792	4,056	3,050	4,381	4,394	4,353	4,655
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.31	4.33	3.02	2.96	2.92	2.59	2.76	2.42	2.83	2.67
Price to Tangible Book Value (P/TBV)	0.00	0.00	19.89	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.31	2.65	3.24	3.89	3.56	3.83	3.41	3.24	3.77	3.42
Price to Earnings (P/E)	34.11	33.88	38.00	390.60	56.83	80.22	32.61	36.15	51.35	40.50
Dividend Yield	2.13%	1.70%	1.70%	1.29%	1.35%	1.49%	1.46%	1.63%	1.44%	1.59%
Earnings Yield	2.93%	2.95%	2.63%	0.26%	1.76%	1.25%	3.07%	2.77%	1.95%	2.47%
Enterprise Value to Invested Capital (EV/IC)	1.89	2.51	2.49	2.00	2.01	1.97	2.10	1.89	2.18	1.99
Enterprise Value to Revenue (EV/Rev)	3.41	3.45	3.62	5.15	4.64	4.76	4.21	4.03	4.52	4.30
Enterprise Value to EBITDA (EV/EBITDA)	17.67	16.85	17.46	21.72	19.79	25.09	18.37	17.29	20.10	18.66
Enterprise Value to EBIT (EV/EBIT)	32.04	29.87	30.83	45.40	44.52	81.85	37.42	35.08	42.38	36.66
Enterprise Value to NOPAT (EV/NOPAT)	34.74	33.09	25.54	205.83	43.50	98.69	37.74	36.30	45.03	42.61
Enterprise Value to Operating Cash Flow (EV/OCF)	20.28	16.82	17.18	28.74	24.10	26.06	19.51	30.74	29.28	22.59
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	16.08	34.74	0.00	25.91	40.96	31.58	298.35	45.24	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.79	1.51	1.46	1.02	0.92	0.75	0.74	0.64	0.62	0.78
Long-Term Debt to Equity	1.59	1.38	1.44	0.90	0.86	0.72	0.72	0.55	0.57	0.69
Financial Leverage	1.03	1.41	0.69	0.73	0.92	0.75	0.63	0.60	0.57	0.62
Leverage Ratio	3.19	3.52	3.08	2.70	2.51	2.36	2.27	2.18	2.07	2.13
Compound Leverage Factor	2.15	2.62	2.11	1.75	1.64	1.04	1.79	1.80	1.67	1.80
Debt to Total Capital	64.15%	60.21%	59.31%	50.59%	47.91%	43.00%	42.65%	38.85%	38.10%	43.72%
Short-Term Debt to Total Capital	7.27%	5.22%	0.64%	6.12%	3.23%	1.70%	1.21%	5.27%	2.74%	4.72%
Long-Term Debt to Total Capital	56.89%	54.99%	58.67%	44.47%	44.68%	41.31%	41.44%	33.58%	35.36%	39.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	35.85%	39.79%	40.69%	49.41%	52.09%	56.99%	57.34%	61.14%	61.90%	56.28%
Debt to EBITDA	6.46	4.52	7.52	5.67	4.78	5.88	4.02	3.66	3.65	4.32
Net Debt to EBITDA	5.73	3.91	1.86	5.34	4.63	4.92	3.47	3.39	3.31	3.83
Long-Term Debt to EBITDA	5.73	4.13	7.44	4.98	4.46	5.65	3.91	3.16	3.39	3.85
Debt to NOPAT	12.69	8.88	11.00	53.73	10.51	23.12	8.26	7.68	8.17	9.87
Net Debt to NOPAT	11.26	7.67	2.72	50.59	10.17	19.34	7.13	7.12	7.40	8.74
Long-Term Debt to NOPAT	11.26	8.11	10.88	47.23	9.80	22.21	8.02	6.64	7.58	8.80
Altman Z-Score	1.97	2.57	2.37	1.87	2.02	1.98	2.19	2.22	2.58	2.23
Noncontrolling Interest Sharing Ratio	-0.01%	-0.01%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.29	1.45	5.58	1.03	1.18	1.54	1.33	1.04	1.31	1.17
Quick Ratio	0.72	0.80	4.77	0.48	0.51	0.90	0.70	0.41	0.60	0.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-11,251	2,677	1,261	-23,084	3,097	1,868	2,549	255	1,934	-1,474
Operating Cash Flow to CapEx	290.27%	369.26%	350.76%	320.11%	347.96%	381.92%	345.56%	253.96%	341.99%	530.21%
Free Cash Flow to Firm to Interest Expense	-30.33	6.90	2.42	-32.70	4.85	3.54	5.43	0.64	4.28	-2.79
Operating Cash Flow to Interest Expense	4.66	6.60	4.89	4.06	5.21	5.56	8.80	6.21	6.61	7.28
Operating Cash Flow Less CapEx to Interest Expense	3.06	4.81	3.50	2.79	3.71	4.11	6.25	3.76	4.68	5.91
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.53	0.48	0.38	0.35	0.33	0.30	0.35	0.35	0.37	0.37
Accounts Receivable Turnover	7.33	7.72	7.19	7.87	7.41	6.78	8.06	8.31	8.20	7.25
Inventory Turnover	3.24	3.53	3.47	4.08	3.58	3.49	3.83	3.48	3.45	3.11
Fixed Asset Turnover	2.68	3.14	2.83	3.19	3.13	2.78	3.21	3.14	3.08	3.02
Accounts Payable Turnover	10.83	10.02	8.38	9.16	8.19	7.58	6.79	6.05	6.71	2.62
Days Sales Outstanding (DSO)	49.79	47.31	50.74	46.39	49.23	53.85	45.29	43.92	44.51	50.35
Days Inventory Outstanding (DIO)	112.83	103.39	105.34	89.41	101.97	104.71	95.35	104.78	105.85	117.49
Days Payable Outstanding (DPO)	33.71	36.43	43.54	39.86	44.56	48.14	53.78	60.37	54.41	139.14
Cash Conversion Cycle (CCC)	128.90	114.27	112.53	95.94	106.64	110.41	86.87	88.33	95.95	28.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	18,540	17,164	17,618	41,102	39,850	38,757	38,341	40,179	40,188	43,700
Invested Capital Turnover	0.83	0.70	0.70	0.54	0.43	0.41	0.50	0.48	0.48	0.48
Increase / (Decrease) in Invested Capital	12,261	-1,376	454	23,484	-1,252	-1,093	-416	1,838	9.00	3,512
Enterprise Value (EV)	35,085	43,047	43,816	82,350	80,267	76,528	80,491	75,955	87,507	86,853
Market Capitalization	23,707	33,064	39,144	62,106	61,495	61,532	65,283	61,055	73,117	69,044
Book Value per Share	$34.08	$35.85	$56.89	$78.46	$78.09	$81.98	$82.44	$88.64	$88.92	$89.57
Tangible Book Value per Share	($22.74)	($16.02)	$8.65	($25.66)	($23.04)	($12.16)	($12.42)	($8.92)	($5.57)	($13.01)
Total Capital	19,986	19,184	31,818	42,489	40,471	41,696	41,287	41,347	41,675	46,000
Total Debt	12,822	11,551	18,870	21,495	19,390	17,931	17,610	16,065	15,879	20,110
Total Long-Term Debt	11,370	10,550	18,667	18,894	18,081	17,224	17,110	13,886	14,738	17,940
Net Debt	11,378	9,983	4,670	20,242	18,770	14,994	15,206	14,898	14,390	17,809
Capital Expenditures (CapEx)	596	693	727	895	957	769	1,194	973	874	725
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,286	1,400	1,294	1,543	1,698	903	308	1,342	1,687	1,381
Debt-free Net Working Capital (DFNWC)	2,730	2,968	15,494	2,796	2,318	3,840	2,712	2,509	3,176	3,682
Net Working Capital (NWC)	1,278	1,967	15,291	195	1,009	3,133	2,212	330	2,035	1,512
Net Nonoperating Expense (NNE)	315	325	615	89	612	-99	41	314	459	333
Net Nonoperating Obligations (NNO)	11,376	9,531	4,670	20,108	18,769	14,992	14,664	14,897	14,392	17,810
Total Depreciation and Amortization (D&A)	891	1,114	1,088	1,978	2,253	2,115	2,230	2,229	2,288	2,286
Debt-free, Cash-free Net Working Capital to Revenue	12.51%	11.22%	10.70%	9.65%	9.82%	5.62%	1.61%	7.11%	8.71%	6.84%
Debt-free Net Working Capital to Revenue	26.55%	23.78%	128.12%	17.49%	13.41%	23.89%	14.18%	13.30%	16.39%	18.25%
Net Working Capital to Revenue	12.43%	15.76%	126.45%	1.22%	5.84%	19.49%	11.56%	1.75%	10.50%	7.49%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.43	$4.59	$4.70	$0.62	$4.01	$2.75	$6.92	$5.93	$4.97	$5.88
Adjusted Weighted Average Basic Shares Outstanding	210.74M	212.32M	227.98M	268.26M	270.46M	290.03M	284.02M	283.38M	290.41M	289.12M
Adjusted Diluted Earnings per Share	$3.35	$4.49	$4.60	$0.60	$3.94	$2.71	$6.85	$5.88	$4.94	$5.86
Adjusted Weighted Average Diluted Shares Outstanding	210.74M	212.32M	227.98M	268.26M	270.46M	290.03M	284.02M	283.38M	290.41M	289.12M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$4.01	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	210.74M	212.32M	227.98M	268.26M	270.46M	290.03M	284.02M	283.38M	290.41M	289.12M
Normalized Net Operating Profit after Tax (NOPAT)	1,411	1,963	1,313	1,574	1,232	1,030	2,303	2,269	2,231	2,428
Normalized NOPAT Margin	13.72%	15.73%	10.86%	9.85%	7.13%	6.41%	12.04%	12.02%	11.52%	12.03%
Pre Tax Income Margin	7.19%	8.60%	8.07%	7.34%	6.80%	2.58%	8.84%	9.45%	8.58%	9.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.95	3.71	2.73	2.57	2.82	1.77	4.59	5.44	4.57	4.49
NOPAT to Interest Expense	2.72	3.35	3.29	0.57	2.89	1.47	4.55	5.26	4.30	3.86
EBIT Less CapEx to Interest Expense	1.35	1.93	1.33	1.30	1.32	0.31	2.04	3.00	2.64	3.11
NOPAT Less CapEx to Interest Expense	1.12	1.57	1.90	-0.70	1.39	0.01	2.00	2.81	2.37	2.49
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	69.78%	57.58%	61.55%	298.07%	79.81%	117.39%	50.10%	60.82%	75.07%	64.52%
Augmented Payout Ratio	69.78%	57.58%	81.55%	298.07%	79.81%	117.39%	133.75%	88.93%	75.07%	93.84%

This table displays calculated financial ratios and metrics derived from Becton, Dickinson and Company's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.74%	10.67%	-2.80%	1.49%	5.11%	6.85%	2.62%	4.65%	2.30%	6.88%	9.82%
EBITDA Growth	4.29%	83.61%	-7.89%	10.51%	6.26%	-12.44%	-12.94%	8.67%	1.76%	37.34%	4.82%
EBIT Growth	5.09%	1,166.67%	-17.10%	18.44%	9.69%	-31.25%	-24.61%	15.09%	4.06%	114.34%	0.46%
NOPAT Growth	-5.86%	654.86%	-5.50%	9.97%	-4.64%	-32.73%	-44.30%	13.78%	23.60%	63.99%	30.08%
Net Income Growth	-31.43%	8.68%	-24.82%	1.32%	13.06%	-62.50%	-44.79%	16.74%	19.66%	270.37%	7.83%
EPS Growth	-31.40%	9.52%	-25.44%	2.00%	15.25%	-61.96%	-43.53%	20.92%	23.53%	291.43%	8.33%
Operating Cash Flow Growth	20.21%	15.70%	-24.72%	-36.21%	59.44%	36.07%	110.78%	177.84%	17.02%	-7.55%	-17.60%
Free Cash Flow Firm Growth	-101.54%	-395.18%	-814.68%	-107.94%	-6,895.06%	120.44%	227.76%	238.18%	215.71%	-1,158.78%	-286.92%
Invested Capital Growth	1.36%	4.79%	4.19%	5.06%	5.96%	0.02%	-2.38%	-3.36%	-3.77%	8.74%	7.28%
Revenue Q/Q Growth	-2.29%	2.59%	-3.68%	5.12%	1.18%	4.28%	-7.49%	7.20%	-1.09%	8.96%	-4.95%
EBITDA Q/Q Growth	-1.38%	-6.82%	14.74%	4.81%	-5.17%	-23.22%	14.09%	30.82%	-11.20%	3.63%	-12.93%
EBIT Q/Q Growth	-3.91%	-19.38%	38.70%	10.23%	-11.01%	-49.47%	52.10%	68.28%	-19.54%	4.07%	-28.71%
NOPAT Q/Q Growth	-0.04%	-11.84%	41.15%	-11.60%	-13.32%	-37.81%	16.89%	80.57%	-5.84%	-17.49%	-7.28%
Net Income Q/Q Growth	-20.70%	-20.00%	76.74%	-9.63%	-11.52%	-73.46%	160.19%	91.10%	-9.31%	-17.86%	-24.25%
EPS Q/Q Growth	-21.33%	-22.03%	84.78%	-10.00%	-11.11%	-74.26%	174.29%	92.71%	-9.19%	-18.45%	-24.09%
Operating Cash Flow Q/Q Growth	133.79%	43.51%	-58.99%	-53.63%	484.32%	22.48%	-36.48%	-38.88%	146.11%	-3.24%	-43.38%
Free Cash Flow Firm Q/Q Growth	96.24%	-5,172.59%	25.90%	-41.45%	-26.58%	115.41%	363.21%	52.98%	6.00%	-240.96%	18.22%
Invested Capital Q/Q Growth	-1.86%	2.80%	2.50%	1.59%	-1.01%	-2.97%	0.04%	0.57%	-1.44%	9.65%	-1.30%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.54%	43.63%	46.51%	46.36%	43.05%	33.46%	43.07%	45.67%	46.23%	45.74%	43.25%
EBITDA Margin	23.06%	20.94%	24.95%	24.87%	23.31%	17.16%	21.16%	25.83%	23.19%	22.05%	20.20%
Operating Margin	11.57%	10.27%	12.76%	13.03%	11.25%	6.86%	9.33%	14.55%	12.06%	11.44%	8.77%
EBIT Margin	11.12%	8.74%	12.58%	13.19%	11.60%	5.62%	9.24%	14.51%	11.80%	11.27%	8.46%
Profit (Net Income) Margin	7.76%	6.05%	11.10%	9.54%	8.34%	2.12%	5.97%	10.64%	9.76%	7.36%	5.86%
Tax Burden Percent	85.51%	90.00%	105.82%	86.96%	86.41%	59.67%	78.27%	84.83%	97.40%	77.97%	99.02%
Interest Burden Percent	81.59%	76.92%	83.36%	83.18%	83.22%	63.29%	82.53%	86.48%	84.89%	83.69%	70.02%
Effective Tax Rate	7.36%	10.31%	-5.82%	12.85%	13.59%	15.47%	21.45%	15.17%	2.60%	22.22%	0.98%
Return on Invested Capital (ROIC)	5.08%	4.43%	6.27%	5.23%	4.60%	2.80%	3.51%	5.92%	5.73%	4.28%	4.30%
ROIC Less NNEP Spread (ROIC-NNEP)	4.10%	3.41%	5.56%	4.67%	4.14%	1.52%	3.09%	5.36%	5.06%	3.76%	3.41%
Return on Net Nonoperating Assets (RNNOA)	2.32%	2.06%	3.48%	2.93%	2.34%	0.87%	1.86%	3.23%	2.88%	2.34%	2.21%
Return on Equity (ROE)	7.40%	6.49%	9.75%	8.16%	6.94%	3.67%	5.37%	9.15%	8.61%	6.62%	6.51%
Cash Return on Invested Capital (CROIC)	3.22%	0.65%	1.00%	0.23%	-0.62%	4.81%	6.49%	7.64%	8.40%	-3.51%	-1.90%
Operating Return on Assets (OROA)	3.81%	3.09%	4.43%	4.55%	4.16%	2.06%	3.42%	5.27%	4.31%	4.13%	3.26%
Return on Assets (ROA)	2.66%	2.14%	3.91%	3.29%	2.99%	0.78%	2.21%	3.87%	3.56%	2.70%	2.26%
Return on Common Equity (ROCE)	7.40%	6.49%	9.75%	8.16%	6.94%	3.67%	5.37%	9.15%	8.61%	6.62%	6.51%
Return on Equity Simple (ROE_SIMPLE)	6.89%	0.00%	6.32%	6.29%	6.42%	0.00%	4.96%	5.20%	5.46%	0.00%	6.85%
Net Operating Profit after Tax (NOPAT)	497	439	619	547	474	295	345	623	586	484	449
NOPAT Margin	10.72%	9.21%	13.50%	11.35%	9.73%	5.80%	7.33%	12.34%	11.75%	8.90%	8.68%
Net Nonoperating Expense Percent (NNEP)	0.98%	1.02%	0.71%	0.56%	0.46%	1.28%	0.42%	0.55%	0.67%	0.52%	0.89%
Return On Investment Capital (ROIC_SIMPLE)	1.19%	1.06%	1.48%	1.25%	1.11%	0.71%	0.83%	1.43%	1.30%	1.05%	1.02%
Cost of Revenue to Revenue	55.46%	56.37%	53.49%	53.64%	56.95%	66.54%	56.93%	54.33%	53.77%	54.26%	56.75%
SG&A Expenses to Revenue	24.76%	24.85%	25.88%	24.99%	24.40%	22.35%	25.78%	23.65%	23.97%	23.08%	25.50%
R&D to Revenue	6.79%	6.30%	6.83%	6.99%	6.27%	5.52%	6.16%	5.93%	5.99%	5.55%	6.64%
Operating Expenses to Revenue	32.97%	33.35%	33.73%	33.35%	31.84%	26.56%	33.77%	31.12%	34.17%	34.27%	34.46%
Earnings before Interest and Taxes (EBIT)	516	416	577	636	566	286	435	732	589	613	437
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,070	997	1,144	1,199	1,137	873	996	1,303	1,157	1,199	1,044
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.64	2.42	2.73	2.65	2.81	2.83	2.73	2.74	2.58	2.67	2.59
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.65	3.24	3.71	3.62	3.82	3.77	3.55	3.56	3.36	3.42	3.16
Price to Earnings (P/E)	40.39	36.15	45.72	44.55	46.08	51.35	56.80	53.31	47.17	40.50	37.81
Dividend Yield	1.46%	1.63%	1.44%	1.49%	1.40%	1.44%	1.54%	1.53%	1.63%	1.59%	1.72%
Earnings Yield	2.48%	2.77%	2.19%	2.24%	2.17%	1.95%	1.76%	1.88%	2.12%	2.47%	2.64%
Enterprise Value to Invested Capital (EV/IC)	2.07	1.89	2.07	2.01	2.14	2.18	2.09	2.10	2.02	1.99	1.93
Enterprise Value to Revenue (EV/Rev)	4.39	4.03	4.55	4.48	4.65	4.52	4.32	4.31	4.07	4.30	4.03
Enterprise Value to EBITDA (EV/EBITDA)	20.53	17.29	19.83	19.09	19.79	20.10	20.00	19.74	18.63	18.66	17.70
Enterprise Value to EBIT (EV/EBIT)	47.30	35.08	41.64	39.25	40.36	42.38	43.74	42.13	39.49	36.66	35.10
Enterprise Value to NOPAT (EV/NOPAT)	45.58	36.30	41.36	39.97	42.60	45.03	50.59	48.96	43.53	42.61	39.04
Enterprise Value to Operating Cash Flow (EV/OCF)	34.58	30.74	36.41	37.67	33.59	29.28	24.52	22.62	20.44	22.59	22.52
Enterprise Value to Free Cash Flow (EV/FCFF)	64.67	298.35	210.91	914.88	0.00	45.24	31.83	27.08	23.62	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.64	0.64	0.65	0.71	0.65	0.62	0.64	0.70	0.75	0.78	0.74
Long-Term Debt to Equity	0.58	0.55	0.56	0.62	0.58	0.57	0.56	0.62	0.70	0.69	0.69
Financial Leverage	0.56	0.60	0.63	0.63	0.57	0.57	0.60	0.60	0.57	0.62	0.65
Leverage Ratio	2.17	2.18	2.15	2.17	2.07	2.07	2.07	2.11	2.10	2.13	2.12
Compound Leverage Factor	1.77	1.68	1.79	1.81	1.72	1.31	1.71	1.83	1.78	1.78	1.48
Debt to Total Capital	39.10%	38.85%	39.25%	41.50%	39.28%	38.10%	38.87%	41.25%	42.76%	43.72%	42.67%
Short-Term Debt to Total Capital	4.02%	5.27%	5.22%	5.04%	4.34%	2.74%	4.86%	4.62%	2.64%	4.72%	3.00%
Long-Term Debt to Total Capital	35.08%	33.58%	34.03%	36.46%	34.94%	35.36%	34.01%	36.64%	40.12%	39.00%	39.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.90%	61.14%	60.75%	58.50%	60.72%	61.90%	61.13%	58.75%	57.24%	56.28%	57.33%
Debt to EBITDA	4.15	3.66	3.83	4.13	3.75	3.65	3.83	4.18	4.46	4.32	3.99
Net Debt to EBITDA	3.45	3.39	3.66	3.66	3.52	3.31	3.54	3.43	3.23	3.83	3.81
Long-Term Debt to EBITDA	3.73	3.16	3.32	3.63	3.33	3.39	3.35	3.71	4.19	3.85	3.71
Debt to NOPAT	9.22	7.68	7.99	8.65	8.07	8.17	9.69	10.37	10.43	9.87	8.80
Net Debt to NOPAT	7.66	7.12	7.63	7.67	7.57	7.40	8.95	8.51	7.55	8.74	8.41
Long-Term Debt to NOPAT	8.27	6.64	6.93	7.60	7.18	7.58	8.48	9.21	9.79	8.80	8.18
Altman Z-Score	2.29	2.12	2.31	2.26	2.46	2.47	2.37	2.36	2.26	2.13	2.17
Noncontrolling Interest Sharing Ratio	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.35	1.04	1.07	1.31	1.25	1.31	1.08	1.41	1.85	1.17	1.13
Quick Ratio	0.68	0.41	0.38	0.60	0.49	0.60	0.46	0.78	1.20	0.58	0.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-27	-1,399	-1,037	-1,467	-1,857	286	1,325	2,027	2,148	-3,028	-2,476
Operating Cash Flow to CapEx	267.98%	308.89%	191.83%	102.21%	565.97%	450.34%	725.00%	383.58%	706.70%	413.51%	660.00%
Free Cash Flow to Firm to Interest Expense	-0.27	-13.46	-10.17	-12.43	-15.60	2.53	11.94	16.21	15.68	-19.54	-15.98
Operating Cash Flow to Interest Expense	6.85	9.36	3.91	1.57	9.08	11.72	7.58	4.11	9.23	7.90	4.47
Operating Cash Flow Less CapEx to Interest Expense	4.29	6.33	1.87	0.03	7.48	9.12	6.53	3.04	7.93	5.99	3.79
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.35	0.35	0.34	0.36	0.37	0.37	0.36	0.37	0.37	0.39
Accounts Receivable Turnover	8.57	8.31	8.40	7.98	8.22	8.20	8.57	7.93	7.92	7.25	8.42
Inventory Turnover	3.38	3.48	3.12	2.98	3.11	3.45	3.31	3.36	3.36	3.11	3.16
Fixed Asset Turnover	3.03	3.14	2.97	2.95	3.05	3.08	3.02	3.05	3.05	3.02	3.12
Accounts Payable Turnover	1.86	6.05	1.86	1.93	2.02	6.71	2.09	2.23	2.20	2.62	1.91
Days Sales Outstanding (DSO)	42.58	43.92	43.43	45.76	44.38	44.51	42.59	46.02	46.11	50.35	43.37
Days Inventory Outstanding (DIO)	108.07	104.78	117.09	122.56	117.33	105.85	110.32	108.49	108.72	117.49	115.61
Days Payable Outstanding (DPO)	196.62	60.37	195.90	189.55	181.07	54.41	175.04	163.88	165.76	139.14	191.60
Cash Conversion Cycle (CCC)	-45.96	88.33	-35.39	-21.24	-19.36	95.95	-22.13	-9.36	-10.92	28.70	-32.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	39,085	40,179	41,185	41,840	41,416	40,188	40,205	40,436	39,854	43,700	43,130
Invested Capital Turnover	0.47	0.48	0.46	0.46	0.47	0.48	0.48	0.48	0.49	0.48	0.50
Increase / (Decrease) in Invested Capital	524	1,838	1,656	2,014	2,331	9.00	-980	-1,404	-1,562	3,512	2,925
Enterprise Value (EV)	80,884	75,955	85,203	84,183	88,599	87,507	84,116	85,051	80,632	86,853	83,224
Market Capitalization	67,291	61,055	69,490	68,031	72,849	73,117	69,242	70,261	66,647	69,044	65,296
Book Value per Share	$89.43	$88.64	$89.88	$90.49	$91.33	$88.92	$87.69	$88.78	$89.51	$89.57	$87.17
Tangible Book Value per Share	($5.61)	($8.92)	($8.50)	($7.60)	($5.72)	($5.57)	($7.17)	($5.68)	($4.54)	($13.01)	($14.44)
Total Capital	41,858	41,347	41,928	43,913	42,719	41,675	41,442	43,658	45,191	46,000	43,963
Total Debt	16,365	16,065	16,456	18,224	16,782	15,879	16,110	18,011	19,323	20,110	18,758
Total Long-Term Debt	14,683	13,886	14,268	16,010	14,926	14,738	14,094	15,995	18,131	17,940	17,440
Net Debt	13,591	14,898	15,711	16,150	15,750	14,390	14,874	14,790	13,985	17,809	17,928
Capital Expenditures (CapEx)	253	315	208	181	191	294	116	134	179	296	105
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,375	1,342	1,993	2,423	2,534	1,687	1,396	1,808	1,456	1,381	1,483
Debt-free Net Working Capital (DFNWC)	4,149	2,509	2,738	4,497	3,566	3,176	2,632	5,029	6,794	3,682	2,313
Net Working Capital (NWC)	2,467	330	550	2,283	1,710	2,035	616	3,013	5,602	1,512	995
Net Nonoperating Expense (NNE)	137	151	110	87	67	187	64	86	99	84	146
Net Nonoperating Obligations (NNO)	13,592	14,897	15,713	16,151	15,479	14,392	14,873	14,789	13,986	17,810	17,925
Total Depreciation and Amortization (D&A)	554	581	567	563	571	587	561	571	568	586	607
Debt-free, Cash-free Net Working Capital to Revenue	7.47%	7.11%	10.64%	12.88%	13.30%	8.71%	7.16%	9.17%	7.34%	6.84%	7.19%
Debt-free Net Working Capital to Revenue	22.54%	13.30%	14.61%	23.91%	18.72%	16.39%	13.50%	25.51%	34.26%	18.25%	11.21%
Net Working Capital to Revenue	13.40%	1.75%	2.94%	12.14%	8.98%	10.50%	3.16%	15.28%	28.25%	7.49%	4.82%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.18	$0.94	$1.71	$1.54	$1.37	$0.35	$0.97	$1.85	$1.68	$1.38	$1.05
Adjusted Weighted Average Basic Shares Outstanding	285.20M	283.38M	283.90M	284.01M	290.11M	290.41M	288.90M	289.01M	289.04M	289.12M	287.14M
Adjusted Diluted Earnings per Share	$1.18	$0.92	$1.70	$1.53	$1.36	$0.35	$0.96	$1.85	$1.68	$1.37	$1.04
Adjusted Weighted Average Diluted Shares Outstanding	285.20M	283.38M	283.90M	284.01M	290.11M	290.41M	288.90M	289.01M	289.04M	289.12M	287.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	285.20M	283.38M	283.90M	284.01M	290.11M	290.41M	288.90M	289.01M	289.04M	289.12M	287.14M
Normalized Net Operating Profit after Tax (NOPAT)	548	506	440	601	535	411	404	708	695	616	540
Normalized NOPAT Margin	11.82%	10.62%	9.60%	12.47%	10.97%	8.08%	8.58%	14.04%	13.94%	11.33%	10.44%
Pre Tax Income Margin	9.07%	6.72%	10.49%	10.97%	9.66%	3.56%	7.63%	12.55%	10.02%	9.44%	5.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.21	4.00	5.66	5.39	4.76	2.53	3.92	5.86	4.30	3.95	2.82
NOPAT to Interest Expense	5.02	4.22	6.07	4.64	3.99	2.61	3.11	4.98	4.28	3.12	2.89
EBIT Less CapEx to Interest Expense	2.66	0.97	3.62	3.86	3.15	-0.07	2.87	4.78	2.99	2.05	2.14
NOPAT Less CapEx to Interest Expense	2.47	1.19	4.03	3.10	2.38	0.01	2.06	3.91	2.97	1.21	2.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	60.99%	60.82%	67.78%	68.27%	67.25%	75.07%	88.22%	82.60%	77.14%	64.52%	65.26%
Augmented Payout Ratio	60.99%	88.93%	67.78%	68.27%	67.25%	75.07%	128.03%	120.11%	112.53%	93.84%	108.69%

Frequently Asked Questions About Becton, Dickinson and Company's Financials

When does Becton, Dickinson and Company's fiscal year end?

According to the most recent income statement we have on file, Becton, Dickinson and Company's financial year ends in September. Their financial year 2024 ended on September 30, 2024.

How has Becton, Dickinson and Company's net income changed over the last 9 years?

Becton, Dickinson and Company's net income appears to be on an upward trend, with a most recent value of $1.71 billion in 2024, rising from $695 million in 2015. The previous period was $1.48 billion in 2023. See Becton, Dickinson and Company's forecast for analyst expectations on what’s next for the company.

What is Becton, Dickinson and Company's operating income?

Becton, Dickinson and Company's total operating income in 2024 was $2.40 billion, based on the following breakdown:

Total Gross Profit: $9.13 billion
Total Operating Expenses: $6.73 billion

How has Becton, Dickinson and Company revenue changed over the last 9 years?

Over the last 9 years, Becton, Dickinson and Company's total revenue changed from $10.28 billion in 2015 to $20.18 billion in 2024, a change of 96.2%.

How much debt does Becton, Dickinson and Company have?

Becton, Dickinson and Company's total liabilities were at $31.40 billion at the end of 2024, a 16.4% increase from 2023, and a 62.6% increase since 2015.

How much cash does Becton, Dickinson and Company have?

In the past 9 years, Becton, Dickinson and Company's cash and equivalents has ranged from $536 million in 2019 to $14.18 billion in 2017, and is currently $1.72 billion as of their latest financial filing in 2024.

How has Becton, Dickinson and Company's book value per share changed over the last 9 years?

Over the last 9 years, Becton, Dickinson and Company's book value per share changed from 34.08 in 2015 to 89.57 in 2024, a change of 162.8%.

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This page (NYSE:BDX) was last updated on 5/6/2025 by MarketBeat.com Staff

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Becton, Dickinson and Company (BDX) Financials

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Becton, Dickinson and Company (BDX) Financials

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