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Boston Scientific BSX Operating margin

Operating margin at other companies

Abbott logo
AbbottABT
17.1%+0.2pp
Johnson & Johnson logo
Johnson & JohnsonJNJ
26.4%+2.8pp
Stryker logo
StrykerSYK
19.7%+4.4pp
Edwards Lifesciences logo
Edwards LifesciencesEW
21.4%-4.4pp
Medtronic logo
MedtronicMDT
17.8%0.0pp
STERIS logo
STERISSTE
18.6%+2.7pp

Other financials

Income statement

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Revenue$5.2B+11.6%
Gross profit$3.6B+12.6%
Operating income$1.1B+19.5%
Net income$1.3B+99.3%
EPS (diluted)$0.90+100%

Balance sheet

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Cash & equivalents$850.0M+146%
Total equity$25.9B+16.4%
Total assets$44.4B+10.5%

Cash flow

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Operating cash flow$348.0M-35.7%
CapEx$177.0M-5.4%
Free cash flow$171.0M-51.7%

Valuation

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Market cap$66.81B-37.5%
P/E18.8×-34.0×
P/S3.2×-2.8×

Profitability

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Gross margin69.2%+0.5pp
Net margin17.3%+5.7pp

Returns & leverage

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Return on equity14.8%+5.2pp
Debt / equity-0.5×
Current ratio1.9×+0.4×

Where this comes from

Calculated from Boston Scientific’s reported figures.

Based on trailing twelve months.

The official record: Boston Scientific’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Boston Scientific's operating margin?
Boston Scientific (BSX) reported operating margin of 18.4% in Q1 2026.
How has Boston Scientific's operating margin changed year-over-year?
Boston Scientific's operating margin increased by 13.4% year-over-year, from 16.2% to 18.4%.
What is the long-term trend for Boston Scientific's operating margin?
Over 3 years (2022 to 2025), Boston Scientific's operating margin has grown at a 13.9% compound annual growth rate (CAGR), from 46.8% to 69.1%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.