The Filing Desk

Boston Scientific vs Philips

Boston Scientific BSX · Philips PHG · Health Care Equipment

Boston Scientific reported revenue of $20.1 billion in fiscal 2025, and Philips €17.8 billion in fiscal 2025, in different currencies. Boston Scientific's revenue grew 19.9% in its latest year, and Philips' fell 1.0%. Boston Scientific had an operating margin of 18.0%, against 8.0% at Philips.

Side by side

Boston ScientificPhilips
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$20.1B€17.8B
Revenue growth19.9%−1.0%
Revenue growth a year, last 5 years15.2%0.6%
Gross margin69.0%45.2%
Operating margin18.0%8.0%
Net margin14.4%5.0%
Free cash flow$3.7B—
Free cash flow margin18.2%—
Return on capital9.6%6.5%
Net debt to EBITDA1.8x2.1x
Dividends and buybacks$0M€328M
Change in diluted share count0.6%3.1%
Last close$45.58$26.57
P/E at the last close18.5×—
Insider trades, last 12 monthsbought $10.0 million, sold $24.3 million—
Piotroski F-score7 of 9—
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
In each company's own currency, fiscal years
Boston ScientificPhilips
Operating margin
Percent of revenue
Boston ScientificPhilips
Free cash flow
In each company's own currency. Cash from operations minus capital expenditure.
Boston ScientificPhilips

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Boston Scientific and Philips pages.