Becton, Dickinson and Company

BDXNYSEHealthcare● Active

$149.99

$-1.17(-0.77%)

Market Cap$54.3B

P/E Ratio—

52W High$187.35

52W Low$127.58648

Avg Volume2.9M

Open$150.01

Beta0.28

Free Cash Flow Financials Revenue

Becton, Dickinson and Company (BDX) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BDX · free cash flow · updated Jun 9, 2026

Core FCF metrics

BDX · FCF · TTM · margin & CAGR

Free cash flow was $2.67B for FY2025 (fiscal year ending 2025-09-30), down 13.1% year-over-year The FCF margin was 12.2%. Five-year CAGR stands at -0.4%.

FY2025 Free Cash Flow$2.67B▼ -13.1% YoY

Trailing 12M (TTM)$3.14Btrailing 4 quarters sum

FCF Margin12.2%$2.67B ÷ revenue

3-Year CAGR+17.2%FY2022 → FY2025

5-Year CAGR-0.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BDX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.43B(760M)$2.67B▼ 13.1%12.2%

FY2024$3.80B(725M)$3.07B▲ +45.2%15.2%

FY2023$2.99B(874M)$2.12B▲ +27.4%10.9%

FY2022$2.63B(973M)$1.66B▼ 51.4%8.8%

FY2021$4.65B(1.23B)$3.42B▲ +25.2%17.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BDX · P/FCF · FCF yield · FCF per share

Becton, Dickinson and Company (BDX) trades at a FCF yield of 5.78% and a price-to-free-cash-flow ratio of 13.7x. FCF per share stands at $10.96, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.78%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$10.96

TTM FCF ÷ Shares Outstanding

Price / FCF

x13.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x22.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-30

Cash flow statement summary

BDX · cash flow statement · operating / investing / financing

For FY2025, Becton, Dickinson and Company generated $3.43B in operating cash flow and spent 760M in capital expenditures, yielding $2.67B in free cash flow.

Operating Activities

+$3.43B

Cash from core business operations

2025-09-30

Investing Activities

−$818.0M

CapEx, acquisitions & investments

2025-09-30

Financing Activities

−$3.62B

Buybacks, dividends & debt

2025-09-30

FCF FormulaOperating CF ($3.43B) − |CapEx| (760M) = FCF ($2.67B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

BDX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Becton, Dickinson and CompanyYOU

BDX

$2.67B-13.1%12.2%

14%

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Becton, Dickinson and Company (BDX) reported free cash flow of $2.67B for FY2025 (fiscal year ending 2025-09-30), down 13.1% year-over-year. The FCF margin was 12.2%.

Based on available data, Becton, Dickinson and Company has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $3.42B in FY2021. The 5-year CAGR stands at -0.4%.

Becton, Dickinson and Company's FCF yield is 5.78% and price-to-FCF ratio is 13.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BDX free cash flow · 8 questions

Becton, Dickinson and Company free cash flow was $2.67B for FY2025, down 13.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $3.14B.

BDX free cash flowBDX FCFBDX FCF 2025BDX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Becton, Dickinson and Company · Becton, Dickinson and Company SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026