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Becton Dickinson vs Baxter International: BDX and BAX compared
Becton Dickinson is the larger company: $5.0B of revenue in its latest quarter (Q3 FY26) against $3.0B for Baxter International (Q3 2026). Becton Dickinson is growing faster (+5% against +5% a year earlier). Becton Dickinson is more profitable, with an operating margin of 13.3% against 7.6%.
Where the money goes: BDX and BAX
Becton Dickinson (BDX) · Q3 FY26
Becton Dickinson, Q3 FY26: revenue $5.0B (+5% year over year), operating margin 13.3%, net earnings $377M, operating cash flow $776M. The chart follows the revenue to costs, profit and cash.
Baxter International (BAX) · Q3 2026
Baxter International, Q3 2026: revenue $3.0B (+5% year over year), operating margin 7.6%, net earnings $294M, operating cash flow $558M. The chart follows the revenue to costs, profit and cash.
| Becton Dickinson (BDX) | Baxter International (BAX) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $5.0B | $3.0B |
| Revenue growth, Y/Y | +5% | +5% |
| Gross margin | — | 33.4% |
| Operating margin | 13.3% | 7.6% |
| Net earnings | $377M | $294M |
| Net margin | 7.6% | 9.9% |
| Operating cash flow | $776M | $558M |
| Free cash flow | $633M | $448M |
| Market value | $58.8B | $13.4B |
| P/E | 34.2× | — |
| Analysts’ mean target | $195.57 | $27.25 |
Questions
Which is bigger, Becton Dickinson or Baxter International?
Becton Dickinson is the larger company: $5.0B of revenue in its latest quarter (Q3 FY26) against $3.0B for Baxter International (Q3 2026).
Is Becton Dickinson or Baxter International growing faster?
Becton Dickinson is growing faster (+5% against +5% a year earlier).
Which is more profitable, Becton Dickinson or Baxter International?
Becton Dickinson is more profitable, with an operating margin of 13.3% against 7.6%.
More: Becton Dickinson earnings · how Becton Dickinson makes money · Baxter International earnings · how Baxter International makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.