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Becton Dickinson (BDX) Financial Forecast Calculator

Interactive 5-year forecast and DCF for Becton Dickinson. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Becton Dickinson’s most recent SEC filings.

Revenue FY30
$22.33B
from $19.37B
FCF FY30
$3.76B
Margin 16.8%
Enterprise value
$58.27B
3.0× LTM revenue
Equity value
$39.88B
Net debt $18.39B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
2.9%
-10.0%baseline 2.9%40.0%
Gross margin
44.5%
5.0%baseline 44.5%90.0%
Capex % of revenue
5.2%
0.0%baseline 5.2%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the Becton Dickinson forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What does Becton Dickinson (BDX) do?+

Becton, Dickinson and Company (BD) is a leading global medical technology company that develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products. The company provides solutions focused on improving medication management, infection prevention, surgical procedures, and diagnostic testing.

How does Becton Dickinson generate its revenue?+

Becton Dickinson operates a highly recurring, consumables-heavy business model, with over 90% of total revenue derived from consumable products. Its revenue drivers include hospital admissions, consumable usage per admission, capital equipment placements, and procedure volumes across its segments.

What is the typical capital expenditure as a percentage of revenue for Becton Dickinson?+

Becton Dickinson consistently runs its capital expenditure at 3.0% to 3.5% of revenue, which amounted to approximately $760 million in FY2025. This spending is heavily weighted towards maintenance and capacity expansion for high-volume consumables, such as syringe manufacturing lines.

What is the significance of goodwill and intangibles on Becton Dickinson's balance sheet?+

Goodwill and intangibles on Becton Dickinson's balance sheet amount to approximately $33 billion, representing nearly 60% of total assets. This significant proportion is a direct result of BD's history as a serial acquirer of other companies.

What is the purpose of the Becton Dickinson financial model available for download?+

The downloadable financial model evaluates the equity valuation and capital structure of Becton Dickinson to determine its intrinsic value. It specifically models the pro-forma impact of the fiscal 2026 Waters Corporation Reverse Morris Trust spin-off and the company's transition to a "New BD" operating structure.

What is the assumed revenue growth rate in the Becton Dickinson financial model?+

The financial model for Becton Dickinson assumes a revenue growth rate of approximately 2.88% for its forecast horizon. This assumption is a key input for projecting the company's future financial performance.

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