Boston Scientific (BSX) FY2025 10-K Annual Report
Boston Scientific (BSX) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 17, 2026. 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.
Boston Scientific FY2025 10-K Analysis
Business Overview
- • Core business model: Medical devices portfolio across Endoscopy, Urology, Neuromodulation, MedSurg, and Cardiovascular segments
- • Cardiovascular strategic shift: Discontinued ACURATE Neo2/Prime Aortic Valve sales globally, ceased pursuit of FDA and other approvals in 2025
Management Discussion & Analysis
- • No revenue, profitability, segment, or cash flow data disclosed in provided MD&A section
- • Management implementing new global ERP affecting internal controls, phased rollout began August 2025 in EMEA
Risk Factors
- • Leverage ratio maximum 4.50x as of December 31, 2025, up from 3.75x pre-Axonics acquisition in November 2024
- • Total debt $11.436B at end of 2025, up from $10.746B in 2024, fixed-rate debt $11.393B versus variable $43M
Boston Scientific FY2025 Key Financial MetricsXBRL
Revenue
$20.1B
▲ +19.9% YoY
Net Income
$2.9B
▲ +56.4% YoY
Gross Margin
69.0%
▲ +41bp YoY
Operating Margin
18.0%
▲ +246bp YoY
Net Margin
14.4%
▲ +337bp YoY
ROE
12.0%
▲ +345bp YoY
Total Assets
$43.7B
▲ +10.9% YoY
EPS (Diluted)
$1.94
▲ +55.2% YoY
Operating Cash Flow
$4.5B
▲ +32.0% YoY
Source: XBRL data from Boston Scientific FY2025 10-K filing on SEC EDGAR. All figures in USD.
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