Becton, Dickinson (BDX) Stock Analysis

November 11, 2026

This is a peer-relative look at Becton, Dickinson (BDX): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Health Care Equipment & Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Becton, Dickinson (BDX)
Profile Item	BDX
Name	Becton, Dickinson and Company
Country/Region	United States
GICS Sector	Health Care
GICS Industry Group	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Equipment
Market Capitalization	57.71 billion USD
Currency	USD
Exchange	NYSE
Listing Date	February 21, 1973
Security Type	Common Stock

Price Performance

Cumulative Growth

BDX

GSPC

Becton, Dickinson (BDX) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Becton, Dickinson (BDX) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Becton, Dickinson (BDX) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Becton, Dickinson (BDX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: BDX	Industry group median
Total Return (1Y)	57.61%	21.53%
Total Return (3Y, Annualized)	7.79%	9.81%
Total Return (5Y, Annualized)	4.70%	-2.76%

Risk Profile

Drawdown History

BDX

GSPC

Becton, Dickinson (BDX) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Becton, Dickinson (BDX) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Becton, Dickinson (BDX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: BDX	Industry group median
Volatility (1Y, Annualized)	26.68%	50.93%
Beta (5Y)	0.19	0.85
Max Drawdown (5Y)	-40.06%	-70.34%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. BDX is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Becton, Dickinson (BDX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: BDX	Industry group median
Sharpe Ratio (1Y)	2.00	0.34
Sortino Ratio (1Y)	3.59	0.54

Profitability

ROE (TTM)

Becton, Dickinson (BDX) posts ROE of 5.66%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

BDX

Health Care Equipment & Services industry group

5.66%

Group distribution

Max: 47.61%
Q3: 14.36%
BDX: 5.66%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Largest peers

ISRG: 17.93%
SYK: 16.02%
UNH: 15.77%
MDT: 10.65%
ABT: 9.14%
BDX: 5.66%
MCK: --

Where Becton, Dickinson (BDX) stands on ROE within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Becton, Dickinson (BDX) keeps 5.89% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

BDX

Health Care Equipment & Services industry group

5.89%

Group distribution

Max: 29.35%
Q3: 9.33%
BDX: 5.89%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

Largest peers

ISRG: 25.54%
MDT: 13.93%
SYK: 13.78%
ABT: 9.75%
BDX: 5.89%
UNH: 3.53%
MCK: 1.12%

Where Becton, Dickinson (BDX) stands on net margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Becton, Dickinson (BDX) turns 21.63% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

BDX

Health Care Equipment & Services industry group

21.63%

Group distribution

Max: 35.43%
BDX: 21.63%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

Largest peers

ISRG: 33.29%
SYK: 22.96%
BDX: 21.63%
MDT: 19.33%
ABT: 11.66%
UNH: 5.82%
MCK: 1.48%

Where Becton, Dickinson (BDX) stands on operating margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Becton, Dickinson (BDX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: BDX	Industry group median
ROE (TTM)	5.66%	5.45%
ROA (TTM)	3.59%	3.17%
Net Margin (TTM)	5.89%	2.18%
Operating Margin (TTM)	21.63%	6.81%
Gross Margin (TTM)	47.02%	55.21%

Growth

Revenue Growth

Becton, Dickinson (BDX) grew revenue 8.24%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Becton, Dickinson (BDX): Revenue Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

EPS Growth

Becton, Dickinson (BDX) grew earnings per share -1.86%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Becton, Dickinson (BDX): EPS Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

Growth Metrics

Becton, Dickinson (BDX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: BDX	Industry group median
Revenue Growth (YoY)	8.24%	11.55%
Revenue Growth (3Y CAGR)	4.99%	10.83%
EPS Growth (YoY)	-1.86%	4.88%
EPS Growth (3Y CAGR)	-0.34%	14.59%

Financial Strength

Current Ratio (MRQ)

Becton, Dickinson (BDX) has current ratio of 0.87, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

BDX

Health Care Equipment & Services industry group

0.87

Group distribution

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
BDX: 0.87
Min: 0.30

Largest peers

ISRG: 3.33
SYK: 2.18
MDT: 2.07
ABT: 1.46
MCK: 0.90
BDX: 0.87
UNH: 0.74

Where Becton, Dickinson (BDX) stands on current ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Becton, Dickinson (BDX) has debt-to-equity ratio of 0.66, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

BDX

Health Care Equipment & Services industry group

0.66

Group distribution

Max: 1.88
Q3: 0.91
BDX: 0.66
Median: 0.58
Q1: 0.16
Min: 0.00

Largest peers

UNH: 0.70
BDX: 0.66
SYK: 0.66
ABT: 0.61
MDT: 0.55
ISRG: --
MCK: --

Where Becton, Dickinson (BDX) stands on debt-to-equity ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Becton, Dickinson (BDX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: BDX	Industry group median
Current Ratio (MRQ)	0.87	1.98
Debt / Equity (MRQ)	0.66	0.58
Net Debt / EBITDA	2.95	2.04

Dividends

Dividend Yield (TTM)

Becton, Dickinson (BDX) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

BDX

Health Care Equipment & Services industry group

0.00%

Group distribution

BDX: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

MDT: 2.72%
UNH: 2.29%
ABT: 2.22%
SYK: 1.05%
MCK: 0.32%
BDX: 0.00%
ISRG: 0.00%

Where Becton, Dickinson (BDX) stands on dividend yield within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Becton, Dickinson (BDX) has payout ratio of 72.49%, above the peer distribution for its industry. The dividend consumes more reported earnings than peers normally do, leaving unusually thin earnings cover.

BDX

Health Care Equipment & Services industry group

72.49%

Group distribution

BDX: 72.49%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

ABT: 92.54%
BDX: 72.49%
MDT: 70.02%
UNH: 51.71%
SYK: 37.49%
MCK: 8.77%
ISRG: 0.00%

Where Becton, Dickinson (BDX) stands on payout ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Becton, Dickinson (BDX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: BDX	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	72.49%	0.00%

Valuation

P/E Ratio (TTM)

Becton, Dickinson (BDX) trades at P/E ratio of 41.87, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

BDX

Health Care Equipment & Services industry group

41.87

Group distribution

Max: 80.41
Q3: 47.62
BDX: 41.87
Median: 29.93
Q1: 21.19
Min: 4.21

Largest peers

ISRG: 54.75
BDX: 41.87
ABT: 41.02
SYK: 34.70
MCK: 27.36
MDT: 25.01
UNH: 22.50

Where Becton, Dickinson (BDX) stands on P/E ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Becton, Dickinson (BDX) trades at 2.97 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

BDX

Health Care Equipment & Services industry group

2.97

Group distribution

Max: 8.80
Q3: 4.32
BDX: 2.97
Median: 2.13
Q1: 1.10
Min: 0.03

Largest peers

ISRG: 13.82
SYK: 4.72
ABT: 3.95
MDT: 3.47
BDX: 2.97
UNH: 0.78
MCK: 0.29

Where Becton, Dickinson (BDX) stands on P/S ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Becton, Dickinson (BDX) trades at 2.34 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

BDX

Health Care Equipment & Services industry group

2.34

Group distribution

Max: 11.68
Q3: 6.12
Median: 3.00
BDX: 2.34
Q1: 1.73
Min: -1.31

Largest peers

ISRG: 9.82
SYK: 5.29
ABT: 3.73
UNH: 3.60
MDT: 2.59
BDX: 2.34
MCK: -30.85

Where Becton, Dickinson (BDX) stands on P/B ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Becton, Dickinson (BDX) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: BDX	Industry group median
P/E Ratio (TTM)	41.87	29.93
P/S Ratio (TTM)	2.97	2.13
P/B Ratio (MRQ)	2.34	3.00
Free Cash Flow Yield (TTM)	7.18%	3.50%