BDX vs NOC
Becton Dickinson & Co. and Northrop Grumman Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BDX | NOC |
|---|---|---|
| Revenue | $21.8B | $42.0B |
| Net income | $1.7B | $4.2B |
| Gross margin | 45.4% | · |
| Net margin | 7.7% | 10.0% |
| Return on equity | 6.5% | 26.2% |
| Diluted EPS | $5.82 | $29.08 |
| Dividend / share | $4.16 | $8.99 |
| Payout ratio | 71.3% | 30.9% |
| Free cash flow | $2.7B | $3.3B |
| Equity | $25.4B | $16.7B |
| Net debt / equity | 0.73× | 0.68× |
| Current ratio | 1.11× | 1.10× |
| Revenue CAGR 5y | 6.3% | 2.7% |
| Profit CAGR 5y | 13.9% | 5.6% |
NOC bills 1.9× the revenue of BDX, and keeps more of each dollar of revenue as profit (10.0% 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 | NOC |
|---|---|---|
| FY2025 | $21.8B | $42.0B |
| FY2024 | $20.2B | $41.0B |
| FY2023 | $19.4B | $39.3B |
| FY2022 | $18.9B | $36.6B |
| FY2021 | $19.1B | $35.7B |
| FY2020 | $16.1B | $36.8B |
| FY2019 | $17.3B | $33.8B |
| FY2018 | $16.0B | $30.1B |
| FY2017 | $12.1B | $26.0B |
| FY2016 | $12.5B | $24.7B |
Bottom line
| Fiscal year | BDX | NOC |
|---|---|---|
| FY2025 | $1.7B | $4.2B |
| FY2024 | $1.7B | $4.2B |
| FY2023 | $1.5B | $2.1B |
| FY2022 | $1.8B | $4.9B |
| FY2021 | $2.1B | $7.0B |
| FY2020 | $874.0M | $3.2B |
| FY2019 | $1.2B | $2.2B |
| FY2018 | $311.0M | $3.2B |
| FY2017 | $1.1B | $2.9B |
| FY2016 | $976.0M | $2.0B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$20,114,000,000 | NOC |
| FY2024 | −$20,855,000,000 | NOC |
| FY2023 | −$19,918,000,000 | NOC |
| FY2022 | −$17,732,000,000 | NOC |
| FY2021 | −$16,536,000,000 | NOC |
| FY2020 | −$20,725,000,000 | NOC |
| FY2019 | −$16,551,000,000 | NOC |
| FY2018 | −$14,112,000,000 | NOC |
| FY2017 | −$13,911,000,000 | NOC |
| FY2016 | −$12,223,000,000 | NOC |
| FY2015 | −$13,244,000,000 | NOC |
| FY2014 | −$15,533,000,000 | NOC |
| FY2013 | −$16,607,000,000 | NOC |
| FY2012 | −$17,510,000,000 | NOC |
| FY2011 | −$18,828,000,000 | NOC |
| FY2010 | −$21,018,615,000 | NOC |
| FY2009 | −$20,663,278,000 | NOC |
| FY2008 | −$25,417,381,000 | NOC |
| FY2007 | −$24,058,165,000 | NOC |
NOC 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 | −2.3 pp | NOC |
| FY2024 | −1.7 pp | NOC |
| FY2023 | +2.4 pp | BDX |
| FY2022 | −3.9 pp | NOC |
| FY2021 | −8.7 pp | NOC |
| FY2020 | −3.2 pp | NOC |
| FY2019 | +0.5 pp | BDX |
| FY2018 | −8.8 pp | NOC |
| FY2017 | −1.9 pp | NOC |
| FY2016 | −0.5 pp | NOC |
| FY2015 | −1.7 pp | NOC |
| FY2014 | +5.4 pp | BDX |
| FY2013 | +8.1 pp | BDX |
| FY2012 | +7.3 pp | BDX |
| FY2011 | +8.7 pp | BDX |
| FY2010 | +11.2 pp | BDX |
| FY2009 | +11.5 pp | BDX |
| FY2008 | +20.2 pp | BDX |
| FY2007 | +8.3 pp | BDX |
The higher net margin has changed hands between BDX and NOC over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BDX's net margin has been more volatile than NOC's over the 19 comparable fiscal years — 4.7 percentage points of standard deviation against 4.3.
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 NOC over these 19 fiscal years — BDX led in 10 and NOC in 9.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NOC's return on equity has been more volatile than BDX's over the 18 comparable fiscal years — 14.6 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 NOC over these 18 fiscal years — BDX led in 7 and NOC in 11.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.