Becton Dickinson and Company (BDX)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,484,000 | 1,779,000 | 2,092,000 | 874,000 | 1,233,000 |
| Revenue | US$ in thousands | 19,372,000 | 18,870,000 | 19,131,000 | 16,074,000 | 17,290,000 |
| Net profit margin | 7.66% | 9.43% | 10.94% | 5.44% | 7.13% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,484,000K ÷ $19,372,000K
= 7.66%
The net profit margin of Becton Dickinson & Co. has fluctuated over the past five years. In 2023, the net profit margin decreased to 7.35% from 8.96% in 2022, continuing a downward trend from 9.88% in 2021. This decline indicates a decrease in the company's profitability relative to its revenue, which may be a cause for concern. However, it is worth noting that the net profit margin in 2023 is still higher than the levels seen in 2020 and 2019, indicating a potential recovery from a previous low point. Further analysis of the company's operating and financial activities is necessary to fully understand the factors driving these changes in net profit margin.
Peer comparison
Sep 30, 2023