Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.5B | $12.1B | $16.0B | $17.3B | $16.1B | $19.1B | $18.9B | $19.4B | $20.2B | $21.8B |
| Revenue growth | — | -3.1% | 32.2% | 8.2% | -7.0% | 19.0% | -1.4% | 2.7% | 4.2% | 8.2% |
| Gross profit | $5.99B | $5.94B | $7.27B | $8.29B | $7.58B | — | — | — | — | — |
| Gross margin | 48.0% | 49.1% | 45.5% | 47.9% | 47.1% | — | — | — | — | — |
| Operating income | $1.43B | $1.52B | $1.51B | $1.76B | $912M | $2.25B | $2.28B | $2.11B | $2.40B | $2.58B |
| Operating margin | 11.5% | 12.6% | 9.4% | 10.2% | 5.7% | 11.8% | 12.1% | 10.9% | 11.9% | 11.8% |
| Net income | $976M | $1.10B | $311M | $1.23B | $874M | $2.09B | $1.78B | $1.48B | $1.71B | $1.68B |
| Net margin | 7.8% | 9.1% | 1.9% | 7.1% | 5.4% | 10.9% | 9.4% | 7.7% | 8.4% | 7.7% |
| EPS (diluted) | $4.49 | $4.60 | $0.60 | $3.94 | $2.71 | $6.85 | $5.88 | $4.94 | $5.86 | $5.82 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.56B | $2.55B | $2.87B | $3.33B | $2.94B | $4.13B | $2.47B | $2.99B | $3.84B | $3.43B |
| Capital expenditures | $693M | $727M | $895M | $957M | $769M | $1.19B | $973M | $874M | $725M | $760M |
| Free cash flow | $1.87B | $1.82B | $1.97B | $2.37B | $2.17B | $2.93B | $1.50B | $2.12B | $3.12B | $2.67B |
| Share buybacks | $0.00 | $220M | $0.00 | $0.00 | $0.00 | $1.75B | $500M | $0.00 | $500M | $1.00B |
| Dividends paid | $562M | $677M | $927M | $984M | $1.03B | $1.05B | $1.08B | $1.11B | $1.10B | $1.20B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.54B | $14.2B | $1.14B | $536M | $2.83B | $2.28B | $1.01B | $1.42B | $1.72B | $641M |
| Total assets | $25.6B | $37.7B | $53.9B | $51.8B | $54.0B | $53.9B | $52.9B | $52.8B | $57.3B | $55.3B |
| Long-term debt | $10.6B | $18.7B | $18.9B | $18.1B | $17.2B | $17.1B | $13.9B | $14.7B | $17.9B | $17.6B |
| Shareholders' equity | $7.63B | $12.9B | $21.0B | $21.1B | $23.8B | $23.7B | $25.3B | $25.8B | $25.9B | $25.4B |
| Retained earnings | $12.7B | $13.1B | $12.6B | $12.9B | $12.8B | $13.8B | $15.2B | $15.5B | $16.1B | $16.6B |
| Shares (wtd avg diluted) | 218M | 224M | 265M | 275M | 282M | 292M | 287M | 288M | 291M | 289M |
Every figure is extracted from BECTON DICKINSON & CO’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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