BDX vs TMO
Becton Dickinson & Co. and Thermo Fisher Scientific Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BDX | TMO |
|---|---|---|
| Revenue | $21.8B | $44.6B |
| Net income | $1.7B | $6.7B |
| Gross margin | 45.4% | · |
| Net margin | 7.7% | 15.1% |
| Return on equity | 6.5% | 13.0% |
| Diluted EPS | $5.82 | $17.74 |
| Dividend / share | $4.16 | $1.72 |
| Payout ratio | 71.3% | 9.5% |
| Free cash flow | $2.7B | $6.3B |
| Equity | $25.4B | $53.4B |
| Net debt / equity | 0.73× | 0.62× |
| Current ratio | 1.11× | 1.89× |
| Revenue CAGR 5y | 6.3% | 6.7% |
| Profit CAGR 5y | 13.9% | · |
TMO bills 2.0× the revenue of BDX, and keeps more of each dollar of revenue as profit (15.1% 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 | TMO |
|---|---|---|
| FY2025 | $21.8B | $44.6B |
| FY2024 | $20.2B | $42.9B |
| FY2023 | $19.4B | $42.9B |
| FY2022 | $18.9B | $44.9B |
| FY2021 | $19.1B | $39.2B |
| FY2020 | $16.1B | $32.2B |
| FY2019 | $17.3B | $25.5B |
| FY2018 | $16.0B | $24.4B |
| FY2017 | $12.1B | $20.9B |
| FY2016 | $12.5B | $18.3B |
Bottom line
| Fiscal year | BDX | TMO |
|---|---|---|
| FY2025 | $1.7B | $6.7B |
| FY2024 | $1.7B | $6.3B |
| FY2023 | $1.5B | $6.0B |
| FY2022 | $1.8B | $7.0B |
| FY2021 | $2.1B | $7.7B |
| FY2020 | $874.0M | $6.4B |
| FY2019 | $1.2B | $3.7B |
| FY2018 | $311.0M | $2.9B |
| FY2017 | $1.1B | $2.2B |
| FY2016 | $976.0M | $2.0B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$22,716,000,000 | TMO |
| FY2024 | −$22,701,000,000 | TMO |
| FY2023 | −$23,485,000,000 | TMO |
| FY2022 | −$26,045,000,000 | TMO |
| FY2021 | −$20,080,000,000 | TMO |
| FY2020 | −$16,144,000,000 | TMO |
| FY2019 | −$8,252,000,000 | TMO |
| FY2018 | −$8,375,000,000 | TMO |
| FY2017 | −$8,825,000,000 | TMO |
| FY2016 | −$5,791,000,000 | TMO |
| FY2015 | −$6,683,000,000 | TMO |
| FY2014 | −$8,443,600,000 | TMO |
| FY2013 | −$5,036,300,000 | TMO |
| FY2012 | −$4,801,900,000 | TMO |
| FY2011 | −$3,974,800,000 | TMO |
| FY2010 | −$3,268,715,000 | TMO |
| FY2009 | −$2,924,878,000 | TMO |
| FY2008 | −$3,600,381,000 | TMO |
| FY2007 | −$3,463,565,000 | TMO |
TMO has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −7.4 pp | TMO |
| FY2024 | −6.3 pp | TMO |
| FY2023 | −6.2 pp | TMO |
| FY2022 | −6.1 pp | TMO |
| FY2021 | −8.8 pp | TMO |
| FY2020 | −14.4 pp | TMO |
| FY2019 | −7.3 pp | TMO |
| FY2013 | +6.3 pp | BDX |
| FY2012 | +5.8 pp | BDX |
| FY2011 | +5.3 pp | BDX |
| FY2010 | +8.5 pp | BDX |
| FY2009 | +9.0 pp | BDX |
| FY2008 | +7.0 pp | BDX |
| FY2007 | +6.5 pp | BDX |
The higher net margin has changed hands between BDX and TMO over this period.
14 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 TMO's over the 14 comparable fiscal years — 4.4 percentage points of standard deviation against 3.8.
14 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 TMO over these 14 fiscal years — BDX led in 7 and TMO in 7.
14 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 TMO's over the 18 comparable fiscal years — 9.0 percentage points of standard deviation against 4.2.
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 TMO over these 18 fiscal years — BDX led in 10 and TMO in 8.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.