Boston Scientific Corporation (BSX) vs Medtronic plc (MDT)

BSX leads on 11 of 15 compared metrics.

A side-by-side comparison of Boston Scientific Corporation and Medtronic plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 17, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total return — BSX vs MDT

growth of $100 · last 30y
BSX +352.3%MDT +462.0%MDT compounded faster
02004006008001kStart $100200120062011201620212026$452$562
BSX MDT

BSX vs MDT: by the numbers

  • MDT is the larger company ($103.29B vs $66.81B market cap).
  • BSX trades at the lower earnings multiple (18.89 vs 21.80 P/E).
  • BSX converts more revenue to profit (17.24% vs 13.20% net margin).
  • BSX grew revenue faster over the past five years (15.29% vs 5.18% CAGR).
  • MDT pays a dividend (3.49% yield) while BSX does not currently pay one.

Which is better, BSX or MDT?

Metric tally: BSX 11 · MDT 4

It depends on what you're optimizing for:

ValueBSX(lower P/E)
GrowthBSX(faster 5Y revenue CAGR)
QualityBSX(higher ROIC)

Metrics side by side

Valuation

MetricBSXMDT
P/E ratio18.8921.80
Forward P/E12.0712.73
P/S ratio3.262.88
P/B ratio2.602.14
PEG ratio0.886.73
EV / EBITDA13.5513.03
FCF yield5.12%5.18%

Profitability

MetricBSXMDT
Gross margin70.41%65.02%
Operating margin20.12%17.78%
Net margin17.24%13.20%
ROE13.74%9.80%
ROIC8.78%0.00%

Dividends

MetricBSXMDT
Dividend yield3.49%
Payout ratio75.73%

Growth (annualized)

MetricBSXMDT
Revenue CAGR (5Y)15.29%5.18%
EPS CAGR (5Y)-8.67%0.83%
FCF CAGR (5Y)19.89%3.07%
Total return CAGR (5Y)0.73%-5.64%

Frequently asked

Which is better, BSX or MDT?
It depends on your goal. value: BSX (lower P/E); growth: BSX (faster 5Y revenue CAGR); quality: BSX (higher ROIC). Across all compared metrics, BSX leads 11 to 4.
Is BSX or MDT cheaper?
On trailing earnings, BSX is cheaper: BSX trades at a 18.89 P/E and MDT at 21.80.
Which has grown faster, BSX or MDT?
Over the past five years, BSX grew revenue faster — BSX at a 15.29% CAGR versus MDT at 5.18%.
Does BSX or MDT pay a bigger dividend?
MDT pays a dividend (3.49% yield) while BSX does not currently pay one.
Is BSX or MDT more profitable?
BSX runs the higher net margin — BSX at 17.24% versus MDT at 13.20%.
Which has been the better investment, BSX or MDT?
Over the past 10-year, BSX delivered the higher annualized total return — BSX at 7.17% versus MDT at 2.19%. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 17, 2026.