BDX vs MMM
Becton Dickinson & Co. and 3M Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BDX | MMM |
|---|---|---|
| Revenue | $21.8B | $24.9B |
| Net income | $1.7B | $3.2B |
| Gross margin | 45.4% | 39.9% |
| Net margin | 7.7% | 13.1% |
| Return on equity | 6.5% | 76.1% |
| Diluted EPS | $5.82 | $6.00 |
| Dividend / share | $4.16 | $2.92 |
| Payout ratio | 71.3% | 48.1% |
| Free cash flow | $2.7B | $1.4B |
| Equity | $25.4B | $4.7B |
| Net debt / equity | 0.73× | 1.57× |
| Current ratio | 1.11× | 1.71× |
| Revenue CAGR 5y | 6.3% | −5.0% |
| Profit CAGR 5y | 13.9% | −9.8% |
BDX and MMM book revenue within 15% of each other, and MMM keeps more of each dollar of revenue as profit (13.1% against 7.7%).
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 | MMM |
|---|---|---|
| FY2025 | $21.8B | $24.9B |
| FY2024 | $20.2B | $24.6B |
| FY2023 | $19.4B | $24.6B |
| FY2022 | $18.9B | $26.2B |
| FY2021 | $19.1B | $35.4B |
| FY2020 | $16.1B | $32.2B |
| FY2019 | $17.3B | $32.1B |
| FY2018 | $16.0B | $32.8B |
| FY2017 | $12.1B | $31.7B |
| FY2016 | $12.5B | $30.1B |
Bottom line
| Fiscal year | BDX | MMM |
|---|---|---|
| FY2025 | $1.7B | $3.2B |
| FY2024 | $1.7B | $4.2B |
| FY2023 | $1.5B | $-7.0B |
| FY2022 | $1.8B | $5.8B |
| FY2021 | $2.1B | $5.9B |
| FY2020 | $874.0M | $5.4B |
| FY2019 | $1.2B | $4.5B |
| FY2018 | $311.0M | $5.3B |
| FY2017 | $1.1B | $4.9B |
| FY2016 | $976.0M | $5.0B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$3,108,000,000 | MMM |
| FY2024 | −$4,397,000,000 | MMM |
| FY2023 | −$5,238,000,000 | MMM |
| FY2022 | −$7,291,000,000 | MMM |
| FY2021 | −$16,224,000,000 | MMM |
| FY2020 | −$16,110,000,000 | MMM |
| FY2019 | −$14,846,000,000 | MMM |
| FY2018 | −$16,782,000,000 | MMM |
| FY2017 | −$19,564,000,000 | MMM |
| FY2016 | −$17,626,000,000 | MMM |
| FY2015 | −$19,992,000,000 | MMM |
| FY2014 | −$23,375,000,000 | MMM |
| FY2013 | −$22,817,000,000 | MMM |
| FY2012 | −$22,196,000,000 | MMM |
| FY2011 | −$22,027,000,000 | MMM |
| FY2010 | −$19,537,615,000 | MMM |
| FY2009 | −$16,136,278,000 | MMM |
| FY2008 | −$18,371,381,000 | MMM |
| FY2007 | −$18,179,165,000 | MMM |
MMM has reported the higher revenue in every one of these 19 fiscal years. The gap has narrowed since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −5.4 pp | MMM |
| FY2024 | −8.6 pp | MMM |
| FY2023 | +36.0 pp | BDX |
| FY2022 | −12.7 pp | MMM |
| FY2021 | −5.8 pp | MMM |
| FY2020 | −11.5 pp | MMM |
| FY2019 | −7.0 pp | MMM |
| FY2018 | −14.4 pp | MMM |
| FY2017 | −6.3 pp | MMM |
| FY2016 | −9.0 pp | MMM |
| FY2015 | −9.2 pp | MMM |
| FY2014 | −1.7 pp | MMM |
| FY2013 | +0.8 pp | BDX |
| FY2012 | +0.1 pp | BDX |
| FY2011 | +2.0 pp | BDX |
| FY2010 | +2.9 pp | BDX |
| FY2009 | +3.6 pp | BDX |
| FY2008 | +2.4 pp | BDX |
| FY2007 | −2.8 pp | MMM |
The higher net margin has changed hands between BDX and MMM over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MMM's net margin has been more volatile than BDX's over the 19 comparable fiscal years — 10.1 percentage points of standard deviation against 4.7.
19 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 MMM over these 19 fiscal years — BDX led in 7 and MMM in 12.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MMM's return on equity has been more volatile than BDX's over the 18 comparable fiscal years — 31.5 percentage points of standard deviation against 9.0.
18 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 MMM over these 18 fiscal years — BDX led in 2 and MMM in 16.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.