
Boston Scientific (BSX) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2025Income 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
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 16.7B | 14.2B | 12.7B | 11.9B | 9.9B |
Cost of Goods Sold | 5.3B | 4.3B | 4.0B | 3.7B | 3.5B |
Gross Profit | 11.5B | 9.9B | 8.7B | 8.2B | 6.4B |
Gross Margin % | 68.6% | 69.5% | 68.8% | 68.8% | 64.6% |
Operating Expenses | |||||
Research & Development | 1.6B | 1.4B | 1.3B | 1.2B | 1.1B |
Selling, General & Administrative | 6.0B | 5.2B | 4.5B | 4.4B | 3.8B |
Other Operating Expenses | 33.0M | 46.0M | 47.0M | 49.0M | 45.0M |
Total Operating Expenses | 7.6B | 6.6B | 5.9B | 5.6B | 5.0B |
Operating Income | 3.0B | 2.4B | 2.0B | 1.8B | 684.0M |
Operating Margin % | 17.9% | 17.0% | 16.0% | 15.3% | 6.9% |
Non-Operating Items | |||||
Interest Income | 107.0M | 22.0M | 10.0M | 4.0M | 3.0M |
Interest Expense | 305.0M | 265.0M | 470.0M | 341.0M | 361.0M |
Other Non-Operating Income | -521.0M | -188.0M | -434.0M | -412.0M | -405.0M |
Pre-tax Income | 2.3B | 2.0B | 1.1B | 1.1B | -79.0M |
Income Tax | 436.0M | 393.0M | 443.0M | 36.0M | 2.0M |
Effective Tax Rate % | 19.1% | 19.8% | 38.8% | 3.3% | 0.0% |
Net Income | 1.8B | 1.6B | 698.0M | 1.0B | -82.0M |
Net Margin % | 11.0% | 11.2% | 5.5% | 8.8% | -0.8% |
Key Metrics | |||||
EBITDA | 4.3B | 3.6B | 3.2B | 2.9B | 1.8B |
EPS (Basic) | $1.26 | $1.08 | $0.45 | $0.69 | $-0.12 |
EPS (Diluted) | $1.25 | $1.07 | $0.45 | $0.69 | $-0.12 |
Basic Shares Outstanding | 1471500000 | 1453000000 | 1430500000 | 1422300000 | 1416700000 |
Diluted Shares Outstanding | 1471500000 | 1453000000 | 1430500000 | 1422300000 | 1416700000 |
Income Statement Trend
Boston Scientific Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 414.0M | 865.0M | 928.0M | 1.9B | 1.7B |
Short-term Investments | - | - | - | - | - |
Accounts Receivable | 2.6B | 2.2B | 2.0B | 1.8B | 1.5B |
Inventory | 2.8B | 2.5B | 1.9B | 1.6B | 1.4B |
Other Current Assets | 415.0M | 333.0M | 350.0M | 385.0M | 410.0M |
Total Current Assets | 6.9B | 6.5B | 5.8B | 6.3B | 6.7B |
Non-Current Assets | |||||
Property, Plant & Equipment | 449.0M | 439.0M | 386.0M | 435.0M | 458.0M |
Goodwill | 40.9B | 34.8B | 31.7B | 30.1B | 25.8B |
Intangible Assets | 6.7B | 6.0B | 5.9B | 6.1B | 5.9B |
Long-term Investments | 79.0M | 107.0M | 149.0M | 169.0M | 109.0M |
Other Non-Current Assets | 4.3B | 4.4B | 4.5B | 4.5B | 4.6B |
Total Non-Current Assets | 32.5B | 28.6B | 26.7B | 25.9B | 24.1B |
Total Assets | 39.4B | 35.1B | 32.5B | 32.2B | 30.8B |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 960.0M | 942.0M | 862.0M | 794.0M | 513.0M |
Short-term Debt | 1.8B | 531.0M | 20.0M | 261.0M | 13.0M |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | 314.0M | 328.0M | 308.0M | 365.0M | 660.0M |
Total Current Liabilities | 6.4B | 4.9B | 3.8B | 4.3B | 3.7B |
Non-Current Liabilities | |||||
Long-term Debt | 9.4B | 9.0B | 9.3B | 9.2B | 9.5B |
Deferred Tax Liabilities | 155.0M | 134.0M | 144.0M | 310.0M | 330.0M |
Other Non-Current Liabilities | 634.0M | 625.0M | 589.0M | 828.0M | 870.0M |
Total Non-Current Liabilities | 11.0B | 10.7B | 11.1B | 11.3B | 11.8B |
Total Liabilities | 17.4B | 15.6B | 14.9B | 15.6B | 15.5B |
Equity | |||||
Common Stock | 17.0M | 17.0M | 17.0M | 17.0M | 17.0M |
Retained Earnings | 2.7B | 819.0M | -750.0M | -1.4B | -2.4B |
Treasury Stock | 2.3B | 2.3B | 2.3B | 2.3B | 2.3B |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 22.0B | 19.5B | 17.6B | 16.6B | 15.3B |
Key Metrics | |||||
Total Debt | 11.1B | 9.5B | 9.3B | 9.5B | 9.5B |
Working Capital | 521.0M | 1.6B | 2.0B | 2.0B | 3.0B |
Balance Sheet Composition
Boston Scientific Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 1.8B | 1.6B | 698.0M | 1.0B | -82.0M |
Depreciation & Amortization | 1.3B | 1.2B | 1.1B | 1.1B | 1.1B |
Stock-Based Compensation | 266.0M | 233.0M | 220.0M | 194.0M | 170.0M |
Working Capital Changes | -462.0M | -770.0M | -1.0B | -351.0M | -139.0M |
Operating Cash Flow | 3.0B | 2.4B | 1.2B | 1.8B | 1.2B |
Investing Activities | |||||
Capital Expenditures | -787.0M | -707.0M | -576.0M | -540.0M | -364.0M |
Acquisitions | -4.6B | -1.8B | -1.5B | -1.4B | 12.0M |
Investment Purchases | - | - | -24.0M | - | -146.0M |
Investment Sales | 0 | 2.0M | 56.0M | 15.0M | 0 |
Investing Cash Flow | -5.4B | -2.5B | -2.1B | -2.0B | -411.0M |
Financing Activities | |||||
Share Repurchases | - | - | 0 | 0 | -535.0M |
Dividends Paid | 0 | -28.0M | -55.0M | -55.0M | -28.0M |
Debt Issuance | 2.1B | - | 3.3B | 0 | 1.7B |
Debt Repayment | -529.0M | -4.0M | -3.4B | 0 | -6.8B |
Financing Cash Flow | 1.2B | -125.0M | 2.4B | -155.0M | -5.3B |
Free Cash Flow | 2.4B | 1.7B | 914.0M | 1.3B | 1.1B |
Net Change in Cash | -1.3B | -254.0M | 1.5B | -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
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
bsx | 152.2B | 60.80 | 6.78 | 11.55% | 13.55% | 53.09 |
Abbott Laboratories | 228.0B | 16.44 | 4.51 | 30.93% | 32.43% | 26.50 |
Stryker | 144.4B | 50.16 | 6.81 | 14.25% | 12.25% | 80.83 |
Medtronic plc | 119.0B | 25.72 | 2.48 | 9.51% | 13.90% | 61.39 |
Edwards Lifesciences | 45.6B | 32.50 | 4.33 | 15.53% | 72.96% | 6.62 |
Dexcom | 31.4B | 56.46 | 12.22 | 22.83% | 13.29% | 100.24 |
Financial data is updated regularly. All figures are in the company's reporting currency.