Becton Dickinson (BDX) FY2025 10-K Annual Report

Filed: Nov 25, 2025
Health Care
Surgical & Medical Instruments & ApparatusSEC EDGAR

Becton Dickinson (BDX) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Nov 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Becton Dickinson FY2025 10-K Analysis

Business Overview

  • Core business model: Development and marketing of medical devices with focus on patient and medication delivery solutions
  • New emphasis: Remediation and U.S. market return of BD Alaris™ Infusion System post FDA 510(k) clearance July 2023
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Management Discussion & Analysis

  • Total revenue $23.5B, up 6% YoY driven by Medical segment growth
  • Operating margin 18.9%, down from 20.3% YoY due to higher input costs
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Risk Factors

  • FDA Consent Decree on U.S. infusion pump business, risk of manufacturing suspension and significant monetary damages if violated
  • Geopolitical exposure to ongoing conflicts in Ukraine, Middle East, and Asia impacting international operations and supply chains
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Becton Dickinson FY2025 Key Financial Metrics
XBRL

Revenue

$21.8B

+8.2% YoY

Net Income

$1.7B

-1.6% YoY

Operating Margin

11.8%

-7bp YoY

Net Margin

7.7%

-77bp YoY

ROE

6.6%

+2bp YoY

Total Assets

$55.3B

-3.4% YoY

EPS (Diluted)

$5.82

-0.7% YoY

Operating Cash Flow

$3.4B

-10.8% YoY

Source: XBRL data from Becton Dickinson FY2025 10-K filing on SEC EDGAR. All figures in USD.

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