Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Boston Scientific Corp

BSX · NYSE · Healthcare

Fundamental quality

ATTRACTIVE

83

out of 100

Boston Scientific Corp grows profitably: it increases revenue at double digits (15% a year) without giving up profitability (net margin 17.3%). On fundamental quality it scores 83 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Boston Scientific makes minimally invasive medical devices: stents, catheters, pacemakers and tools for cardiology, endoscopy and urology. Its products are used in millions of procedures a year in hospitals worldwide.

What will shape its future

  • An aging population, which underpins structural demand for cardiovascular procedures.
  • Its pace of innovation and acquisitions to enter high-growth niches (such as electrophysiology).
  • Competition with the sector's other giants (Medtronic, Abbott) and hospital pricing pressure.

Breakdown by area

I.Growth
89

EPS growth: 34% · Revenue growth: 15%

II.Profitability
81

Net margin: 17.3% · ROE: 13.8% · ROIC: 10%

III.Financial health
80

Net debt/EBITDA: 1.96x · FCF: 16.9%

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

Versus its sector

Percentile against the other 57 Healthcare companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 71%
ROEbeats 49%
Growthbeats 82%
Cash generationbeats 61%
Less debtbeats 54%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Boston Scientific Corp strengths

  • High gross margin (69.2%), pointing to pricing power.
  • Growing earnings per share (34% annualized).
  • Strong free-cash-flow generation (FCF margin of 16.9%): profit turns into real cash.
  • It has turned profitable after years of losses.

Boston Scientific Corp risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Boston Scientific Corp historical evolution

YearRevenueNet incomeFree cash flowNet debt
20209,913-821,1327,409
202111,8881,0411,3167,140
202212,6826989388,007
202314,2401,5921,7928,237
202416,7471,8462,64510,332
202520,0742,8923,6589,471

Between 2020 and 2025, revenue went from $9,913M to $20,074M (+103%) and net income went from -$82M to $2,892M (+3627%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+11.6%
  • Net income+99.3%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is Boston Scientific Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Boston Scientific Corp a good company to invest in?

In terms of business quality, Boston Scientific Corp scores 83 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Boston Scientific Corp a profitable company?

Yes. Boston Scientific Corp shows a net margin of 17.3% and an ROE of 13.8%, a sign of a profitable business.

Does Boston Scientific Corp have a lot of debt?

A moderate level: its net debt is 1.96 times its EBITDA.

Is Boston Scientific Corp growing?

Its revenue has grown 15% annualized in recent years and its earnings per share 34%, and without interruption since 2020.

Does Boston Scientific Corp generate cash?

Yes. It converts about 16.9% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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