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MARKETS / NYSE / BSX
NYSE · SURGICAL & MEDICAL INSTRUMENTS & APPARATUS · LARGE CAP

Boston Scientific Corp. BSX

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$20.1B
▲ 19.9% YoY
$2.9B
▲ 56.7% YoY
$3.7B
▲ 38.3% YoY
In brief

What this company does

Boston Scientific Corporation is a global developer, manufacturer and marketer of medical devices used in a broad range of interventional medical specialties. As of December 31, 2025, it had approximately 59,000 employees, of which approximately 60 percent were outside the U.S. It markets its products and solutions to hospitals, clinics, outpatient facilities and medical offices in 127 countries worldwide. The company organizes its core businesses into two reportable segments: MedSurg and Cardiovascular. Its Endoscopy business unit, within MedSurg, develops and manufactures minimally invasive devices for diagnosing and treating gastrointestinal and pancreaticobiliary conditions and for supporting weight loss in patients with obesity. The Urology business unit develops and manufactures devices to treat various urological conditions for both male and female anatomies, including kidney stones, benign prostatic hyperplasia, prostate cancer, erectile dysfunction and male incontinence, overactive bladder and pelvic floor disorders. Within Cardiovascular, the Interventional Cardiology and Vascular Therapies business unit develops and manufactures technologies to diagnose and treat complex coronary, peripheral and venous diseases, including calcific and obstructive arterial disease, thromboembolic conditions and venous insufficiency.

Written from the business description in BOSTON SCIENTIFIC CORP's annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth
USD 20.1B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 20.1 · Net income 2.9
8B16B-2B-4B2007201020132016201920222025
Compound annual growth
+16.5%
+15.2%
+10.4%
+6.5%
+60.6%
+62.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +15.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
14 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 18.0% · Net 14.4%
20%40%-20%-40%2007201020132016201920222025
ROE
FY2025 · ROE 12.6%
5%10%2007201020132016201920222025

Each USD of equity produced 13 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 3.7
2B2007201020132016201920222025
Net buybacks $M Dividends $M
FY2024 · Dividends 0.0 · Net buybacks —
200M400M-200M-400M2011201320152018202020222024

Total assetsUSD 43.7B
EquityUSD 24.2B
CashUSD 2.0B
Gross debtUSD 11.4B
Net debtUSD 9.5B
Current ratio1.62×

Net debt stands at 39% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B20.116.714.212.711.99.910.79.89.08.47.57.47.17.27.67.88.28.18.4
Operating income $B3.62.62.31.61.2−0.11.51.51.30.4−0.3−0.30.1−3.90.9−0.7−0.9−1.5−0.0
EBITDA $B5.03.93.52.82.31.02.52.42.11.30.50.40.8−3.21.60.2−0.1−1.2·
Income tax $B0.50.40.40.40.00.0−4.0−0.20.8−0.2−0.4−0.4−0.1−0.00.20.0−0.30.0−0.1
Net income $B2.91.81.60.71.0−0.14.71.70.10.3−0.2−0.1−0.1−4.10.4−1.1−1.0−2.0−0.5
Free cash flow $B3.72.61.80.91.31.11.4−0.01.10.80.41.00.91.10.70.10.50.90.6
EPS, diluted $1.941.251.070.450.69−0.083.331.190.080.25−0.18−0.09−0.09−2.890.29−0.70−0.68−1.36−0.33
Dividend / sh $···················
Payout %·0285−3400···········
ROE %12.69.08.64.16.3··············
Shares out B······1.391.381.371.361.351.331.321.361.451.52···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 93 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySurgical & Medical Instruments & Apparatus
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2007

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