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Gross Margin % is calculated as gross profit divided by its revenue. Becton Dickinson's Gross Profit for the three months ended in Jun. 2024 was $2,307 Mil. Becton Dickinson's Revenue for the three months ended in Jun. 2024 was $4,990 Mil. Therefore, Becton Dickinson's Gross Margin % for the quarter that ended in Jun. 2024 was 46.23%.
Warning Sign:
Becton Dickinson & Co gross margin has been in long-term decline. The average rate of decline per year is -1.4%.
The historical rank and industry rank for Becton Dickinson's Gross Margin % or its related term are showing as below:
During the past 13 years, the highest Gross Margin % of Becton Dickinson was 50.92%. The lowest was 42.06%. And the median was 45.57%.
Becton Dickinson had a gross margin of 46.23% for the quarter that ended in Jun. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Becton Dickinson was -1.40% per year.
The historical data trend for Becton Dickinson's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Becton Dickinson Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 47.94 | 42.29 | 45.12 | 44.92 | 42.17 |
Becton Dickinson Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Gross Margin % | Get a 7-Day Free Trial | 43.05 | 33.44 | 43.07 | 45.67 | 46.23 |
For the Medical Instruments & Supplies subindustry, Becton Dickinson's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Medical Devices & Instruments industry and Healthcare sector, Becton Dickinson's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Becton Dickinson's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Becton Dickinson's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as
Gross Margin % (A: Sep. 2023 ) | = | Gross Profit (A: Sep. 2023 ) | / | Revenue (A: Sep. 2023 ) |
= | 8170 | / | 19372 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (19372 - 11202) | / | 19372 | |
= | 42.17 % |
Becton Dickinson's Gross Margin for the quarter that ended in Jun. 2024 is calculated as
Gross Margin % (Q: Jun. 2024 ) | = | Gross Profit (Q: Jun. 2024 ) | / | Revenue (Q: Jun. 2024 ) |
= | 2307 | / | 4990 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (4990 - 2683) | / | 4990 | |
= | 46.23 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Becton Dickinson (NYSE:BDX) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Becton Dickinson had a gross margin of 46.23% for the quarter that ended in Jun. 2024 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Thank you for viewing the detailed overview of Becton Dickinson's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas J Spoerel | officer: VP Controller & Chief Acct Off | BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417 |
Roland Goette | officer: EVP and President, EMEA | BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417 |
Michael David Garrison | officer: EVP and President Medical | BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417 |
Richard Byrd | officer: EVP & President Interventional | BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417 |
Claire Fraser | director | C/O BECTON, DICKINSON AND COMPANY, FRANKLIN LAKES NJ 07465 |
David Hickey | officer: EVP & President, Life Sciences | BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417 |
Joanne Waldstreicher | director | C/O STRUCTURE THERAPEUTICS INC., 611 GATEWAY BLVD, SUITE 223, SOUTH SAN FRANCISCO CA 94080 |
Michelle Quinn | officer: EVP and Acting General Counsel | 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417 |
David Shan | officer: EVP, Integrated Supply Chain | 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417 |
Christopher Delorefice | officer: EVP & CFO | BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417 |
Polen Thomas E Jr | officer: Executive Vice President | BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417 |
Samrat S. Khichi | officer: EVP and General Counsel | C/O CATALENT, INC., 14 SCHOOLHOUSE ROAD, SOMERSET NJ 08873 |
Rishi Grover | officer: EVP and Chief ISC Officer | BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417 |
Pavan Kumar Mocherla | officer: EVP and President Greater Asia | BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417 |
James C Lim | officer: Executive Vice President | BECTON, DICKINSON AND COMPANY, 1 BECTON DRIVE, FRANKLIN LAKES NJ 07417 |
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