TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 4.7B
Gross Profit 3.2B 68.84%
Operating Income 937.0M 20.09%
Net Income 672.0M 14.41%
EPS (Diluted) $0.45

Balance Sheet Metrics

Total Assets 40.1B
Total Liabilities 17.7B
Shareholders Equity 22.4B
Debt to Equity 0.79

Cash Flow Metrics

Operating Cash Flow 513.0M
Free Cash Flow 277.0M

Revenue & Profitability Trend

Boston Scientific Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i16.7B14.2B12.7B11.9B9.9B
Cost of Goods Sold i5.3B4.3B4.0B3.7B3.5B
Gross Profit i11.5B9.9B8.7B8.2B6.4B
Gross Margin % i68.6%69.5%68.8%68.8%64.6%
Operating Expenses
Research & Development i1.6B1.4B1.3B1.2B1.1B
Selling, General & Administrative i6.0B5.2B4.5B4.4B3.8B
Other Operating Expenses i33.0M46.0M47.0M49.0M45.0M
Total Operating Expenses i7.6B6.6B5.9B5.6B5.0B
Operating Income i3.0B2.4B2.0B1.8B684.0M
Operating Margin % i17.9%17.0%16.0%15.3%6.9%
Non-Operating Items
Interest Income i107.0M22.0M10.0M4.0M3.0M
Interest Expense i305.0M265.0M470.0M341.0M361.0M
Other Non-Operating Income-521.0M-188.0M-434.0M-412.0M-405.0M
Pre-tax Income i2.3B2.0B1.1B1.1B-79.0M
Income Tax i436.0M393.0M443.0M36.0M2.0M
Effective Tax Rate % i19.1%19.8%38.8%3.3%0.0%
Net Income i1.8B1.6B698.0M1.0B-82.0M
Net Margin % i11.0%11.2%5.5%8.8%-0.8%
Key Metrics
EBITDA i4.3B3.6B3.2B2.9B1.8B
EPS (Basic) i$1.26$1.08$0.45$0.69$-0.12
EPS (Diluted) i$1.25$1.07$0.45$0.69$-0.12
Basic Shares Outstanding i14715000001453000000143050000014223000001416700000
Diluted Shares Outstanding i14715000001453000000143050000014223000001416700000

Income Statement Trend

Boston Scientific Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i414.0M865.0M928.0M1.9B1.7B
Short-term Investments i-----
Accounts Receivable i2.6B2.2B2.0B1.8B1.5B
Inventory i2.8B2.5B1.9B1.6B1.4B
Other Current Assets415.0M333.0M350.0M385.0M410.0M
Total Current Assets i6.9B6.5B5.8B6.3B6.7B
Non-Current Assets
Property, Plant & Equipment i449.0M439.0M386.0M435.0M458.0M
Goodwill i40.9B34.8B31.7B30.1B25.8B
Intangible Assets i6.7B6.0B5.9B6.1B5.9B
Long-term Investments79.0M107.0M149.0M169.0M109.0M
Other Non-Current Assets4.3B4.4B4.5B4.5B4.6B
Total Non-Current Assets i32.5B28.6B26.7B25.9B24.1B
Total Assets i39.4B35.1B32.5B32.2B30.8B
Liabilities
Current Liabilities
Accounts Payable i960.0M942.0M862.0M794.0M513.0M
Short-term Debt i1.8B531.0M20.0M261.0M13.0M
Current Portion of Long-term Debt-----
Other Current Liabilities314.0M328.0M308.0M365.0M660.0M
Total Current Liabilities i6.4B4.9B3.8B4.3B3.7B
Non-Current Liabilities
Long-term Debt i9.4B9.0B9.3B9.2B9.5B
Deferred Tax Liabilities i155.0M134.0M144.0M310.0M330.0M
Other Non-Current Liabilities634.0M625.0M589.0M828.0M870.0M
Total Non-Current Liabilities i11.0B10.7B11.1B11.3B11.8B
Total Liabilities i17.4B15.6B14.9B15.6B15.5B
Equity
Common Stock i17.0M17.0M17.0M17.0M17.0M
Retained Earnings i2.7B819.0M-750.0M-1.4B-2.4B
Treasury Stock i2.3B2.3B2.3B2.3B2.3B
Other Equity-----
Total Shareholders Equity i22.0B19.5B17.6B16.6B15.3B
Key Metrics
Total Debt i11.1B9.5B9.3B9.5B9.5B
Working Capital i521.0M1.6B2.0B2.0B3.0B

Balance Sheet Composition

Boston Scientific Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i1.8B1.6B698.0M1.0B-82.0M
Depreciation & Amortization i1.3B1.2B1.1B1.1B1.1B
Stock-Based Compensation i266.0M233.0M220.0M194.0M170.0M
Working Capital Changes i-462.0M-770.0M-1.0B-351.0M-139.0M
Operating Cash Flow i3.0B2.4B1.2B1.8B1.2B
Investing Activities
Capital Expenditures i-787.0M-707.0M-576.0M-540.0M-364.0M
Acquisitions i-4.6B-1.8B-1.5B-1.4B12.0M
Investment Purchases i---24.0M--146.0M
Investment Sales i02.0M56.0M15.0M0
Investing Cash Flow i-5.4B-2.5B-2.1B-2.0B-411.0M
Financing Activities
Share Repurchases i--00-535.0M
Dividends Paid i0-28.0M-55.0M-55.0M-28.0M
Debt Issuance i2.1B-3.3B01.7B
Debt Repayment i-529.0M-4.0M-3.4B0-6.8B
Financing Cash Flow i1.2B-125.0M2.4B-155.0M-5.3B
Free Cash Flow i2.4B1.7B914.0M1.3B1.1B
Net Change in Cash i-1.3B-254.0M1.5B-285.0M-4.6B

Cash Flow Trend

Boston Scientific Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 60.80
Forward P/E 36.83
Price to Book 6.78
Price to Sales 8.23
PEG Ratio 36.83

Profitability Ratios

Profit Margin 13.55%
Operating Margin 18.63%
Return on Equity 11.55%
Return on Assets 5.39%

Financial Health

Current Ratio 1.37
Debt to Equity 53.09
Beta 0.66

Per Share Data

EPS (TTM) $1.69
Book Value per Share $15.14
Revenue per Share $12.53

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
bsx152.2B60.806.7811.55%13.55%53.09
Abbott Laboratories 228.0B16.444.5130.93%32.43%26.50
Stryker 144.4B50.166.8114.25%12.25%80.83
Medtronic plc 119.0B25.722.489.51%13.90%61.39
Edwards Lifesciences 45.6B32.504.3315.53%72.96%6.62
Dexcom 31.4B56.4612.2222.83%13.29%100.24

Financial data is updated regularly. All figures are in the company's reporting currency.