BDX vs LHX
Becton Dickinson & Co. and L3harris Technologies, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BDX | LHX |
|---|---|---|
| Revenue | $21.8B | $21.9B |
| Net income | $1.7B | $1.6B |
| Gross margin | 45.4% | · |
| Net margin | 7.7% | 7.3% |
| Return on equity | 6.5% | 8.2% |
| Diluted EPS | $5.82 | $8.53 |
| Dividend / share | $4.16 | $4.80 |
| Payout ratio | 71.3% | 56.2% |
| Free cash flow | $2.7B | $2.7B |
| Equity | $25.4B | $19.6B |
| Net debt / equity | 0.73× | 0.48× |
| Current ratio | 1.11× | 1.19× |
| Revenue CAGR 5y | 6.3% | 3.7% |
| Profit CAGR 5y | 13.9% | 7.5% |
BDX and LHX book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (7.7% against 7.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | BDX | LHX |
|---|---|---|
| FY2025 | $21.8B | $21.9B |
| FY2024 | $20.2B | $21.3B |
| FY2023 | $19.4B | $19.4B |
| FY2022 | $18.9B | $17.1B |
| FY2021 | $19.1B | $17.8B |
| FY2020 | $16.1B | $18.2B |
| FY2019 | $17.3B | $12.9B |
| FY2018 | $16.0B | $6.8B |
| FY2017 | $12.1B | $6.2B |
| FY2016 | $12.5B | $5.9B |
Bottom line
| Fiscal year | BDX | LHX |
|---|---|---|
| FY2025 | $1.7B | $1.6B |
| FY2024 | $1.7B | $1.5B |
| FY2023 | $1.5B | $1.2B |
| FY2022 | $1.8B | $1.1B |
| FY2021 | $2.1B | $1.8B |
| FY2020 | $874.0M | $1.1B |
| FY2019 | $1.2B | $1.3B |
| FY2018 | $311.0M | $949.0M |
| FY2017 | $1.1B | $699.0M |
| FY2016 | $976.0M | $543.0M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$25,000,000 | LHX |
| FY2024 | −$1,147,000,000 | LHX |
| FY2023 | −$47,000,000 | LHX |
| FY2022 | +$1,808,000,000 | BDX |
| FY2021 | +$1,317,000,000 | BDX |
| FY2020 | −$2,120,000,000 | LHX |
| FY2019 | +$4,434,000,000 | BDX |
| FY2018 | +$9,182,000,000 | BDX |
| FY2017 | +$5,925,000,000 | BDX |
| FY2016 | +$6,586,000,000 | BDX |
| FY2014 | +$4,561,000,000 | BDX |
| FY2013 | +$3,042,000,000 | BDX |
| FY2012 | +$2,596,000,000 | BDX |
| FY2011 | +$2,132,700,000 | BDX |
| FY2010 | +$6,935,185,000 | BDX |
| FY2008 | +$1,892,619,000 | BDX |
| FY2007 | +$1,686,735,000 | BDX |
The higher-revenue side has changed between BDX and LHX over this period. The gap has narrowed since the earliest year compared.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +0.3 pp | BDX |
| FY2024 | +1.4 pp | BDX |
| FY2023 | +1.5 pp | BDX |
| FY2022 | +3.2 pp | BDX |
| FY2021 | +0.6 pp | BDX |
| FY2020 | −0.5 pp | LHX |
| FY2019 | −3.3 pp | LHX |
| FY2018 | −12.0 pp | LHX |
| FY2017 | −2.2 pp | LHX |
| FY2016 | −1.4 pp | LHX |
| FY2014 | +5.4 pp | BDX |
| FY2013 | +5.4 pp | BDX |
| FY2012 | +13.0 pp | BDX |
| FY2011 | +16.2 pp | BDX |
| FY2010 | −291.8 pp | LHX |
| FY2008 | +18.8 pp | BDX |
| FY2007 | +4.7 pp | BDX |
The higher net margin has changed hands between BDX and LHX over this period.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LHX's net margin has been more volatile than BDX's over the 17 comparable fiscal years — 71.4 percentage points of standard deviation against 4.6.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BDX and LHX over these 17 fiscal years — BDX led in 11 and LHX in 6.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BDX's return on equity has been more volatile than LHX's over the 16 comparable fiscal years — 9.1 percentage points of standard deviation against 9.1.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BDX and LHX over these 16 fiscal years — BDX led in 7 and LHX in 9.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.