BDX FY 2025 Earnings Report — Becton, Dickinson and Company Revenue & Financial Results | Market Cap Arena

Becton, Dickinson and CompanyBDX

FY 2025 Earnings

Reported November 25, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$21.8B	—	$20.2B	—	8.2%
Op. Income	$2.6B	—	$2.4B	—	7.6%
Gross Margin	45.4%	—	45.2%	—	0.2pp
Net Margin	7.7%	—	8.4%	—	-0.8pp
EPS (Diluted)	$5.83	—	$5.86	—	-0.5%
Free Cash Flow	$2.7B	—	$3.1B	—	-13.1%

Revenue Flow

Item	Amount
REVENUE	$21.8B
Cost of Revenue	$11.9B
GROSS PROFIT	$9.9B
R&D Expenses	$1.3B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.3B
Other Expenses	$806M
Operating Expenses	$7.3B
Cost & Expenses	$19.3B
OPERATING INCOME	$2.6B
Interest Income	$38M
Interest Expense	$613M
Other Income/Expenses	-$696M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$204M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$2.5B
EBIT	$2.5B
EBITDA	$5.0B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$21.8B
Cost of Revenue	$11.9B
GROSS PROFIT	$9.9B
R&D Expenses	$1.3B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.3B
Other Expenses	$806M
Operating Expenses	$7.3B
Cost & Expenses	$19.3B
OPERATING INCOME	$2.6B
Interest Income	$38M
Interest Expense	$613M
Other Income/Expenses	-$696M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$204M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$2.5B
EBIT	$2.5B
EBITDA	$5.0B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$2.5B
Stock-Based Compensation	$258M
Deferred Income Tax	-$474M
Other Non-Cash Items	$306M
Change in Working Capital	-$800M
OPERATING CASH FLOW	$3.4B
Capital Expenditure	-$760M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$422M
Other Investing Activities	-$480M
NET CASH FROM INVESTING	-$818M
Net Debt Issuance	-$1.3B
Common Stock Repurchased	-$1.0B
Common Dividends Paid	-$1.2B
Other Financing Activities	-$87M
NET CASH FROM FINANCING	-$3.6B
FREE CASH FLOW	$2.7B
Net Change in Cash	-$1.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$851M
Short-Term Investments	$8M
Net Receivables	$3.0B
Inventory	$3.9B
Other Current Assets	$1.5B
TOTAL CURRENT ASSETS	$9.3B
PP&E (Net)	$7.0B
Goodwill	$33.0B
Intangible Assets	$3.0B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$3.1B
TOTAL NON-CURRENT ASSETS	$46.1B
TOTAL ASSETS	$55.3B
Account Payables	$2.0B
Short-Term Debt	$1.6B
Deferred Revenue	$0
Other Current Liabilities	$4.5B
TOTAL CURRENT LIABILITIES	$8.3B
Long-Term Debt	$17.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4.0B
TOTAL NON-CURRENT LIABILITIES	$21.6B
TOTAL LIABILITIES	$29.9B
Common Stock	$371M
Additional Paid-In Capital	$20.1B
Retained Earnings	$16.6B
Treasury Stock	-$9.8B
Accum. Other Comp. Income	-$1.9B
Other Equity	$25M
TOTAL STOCKHOLDERS' EQUITY	$25.4B
Minority Interest	$0
TOTAL EQUITY	$25.4B
TOTAL LIABILITIES & EQUITY	$55.3B
Total Debt	$19.2B
Net Debt	$18.3B