financial statements

The full income statement, balance sheet, and cash-flow statement for Boston Scientific Corporation (BSX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	20.1B YoY+19.9%	16.7B YoY+17.6%	14.2B YoY+12.3%	12.7B YoY+6.7%	11.9B YoY+19.9%
	13.9B YoY+20.6%	11.5B YoY+16.1%	9.90B YoY+13.4%	8.73B YoY+6.7%	8.18B YoY+26.8%
Cost of revenue	6.22B YoY+18.3%	5.26B YoY+21.0%	4.34B YoY+9.8%	3.96B YoY+6.6%	3.71B YoY+7.1%
	10.2B YoY+15.2%	8.89B YoY+17.7%	7.55B YoY+6.7%	7.08B YoY+1.4%	6.98B YoY+6.9%
Research & development	2.05B YoY+27.1%	1.61B YoY+14.2%	1.41B YoY+6.9%	1.32B YoY+9.9%	1.20B YoY+5.3%
Selling, general & administrative	6.89B YoY+15.1%	5.98B YoY+15.3%	5.19B YoY+14.8%	4.52B YoY+3.7%	4.36B YoY+15.1%
Restructuring	101M YoY+531.3%	16.0M YoY-76.8%	69.0M YoY+187.5%	24.0M YoY-40.0%	40.0M YoY-23.1%
Amortization of intangibles	897M YoY+4.8%	856M YoY+3.4%	828M YoY+3.1%	803M YoY+8.4%	741M YoY-6.1%
Provision for credit losses	56.0M YoY+36.6%	41.0M YoY-18.0%	50.0M YoY+42.9%	35.0M YoY+25.0%	28.0M YoY-42.9%
Operating income	3.61B YoY+38.8%	2.60B YoY+11.1%	2.34B YoY+42.1%	1.65B YoY+37.5%	1.20B YoY+1598.8%
Interest expense	349M YoY+14.4%	305M YoY+15.1%	265M YoY-43.6%	470M YoY+37.8%	341M YoY-5.5%
Other non-operating income	-228M YoY+29.0%	-321M YoY+10.3%	-358M YoY+29.5%	-508M YoY-333.0%	218M YoY-39.8%
Pre-tax income	3.38B YoY+48.3%	2.28B YoY+15.0%	1.99B YoY+74.0%	1.14B YoY+6.0%	1.08B YoY+1462.0%
Income tax	493M YoY+13.1%	436M YoY+10.9%	393M YoY-11.3%	443M YoY+1130.6%	36.0M YoY+1700.0%
	2.89B YoY+56.7%	1.85B YoY+16.0%	1.59B YoY+128.1%	698M YoY-32.9%	1.04B YoY+1369.5%
Net income to non-controlling interest	-6.00M YoY+25.0%	-8.00M YoY-700.0%	-1.00M	0.00	0.00
Net income to common	2.90B YoY+56.4%	1.85B YoY+18.0%	1.57B YoY+144.5%	642M YoY-34.8%	985M YoY+956.5%
	$1.94 YoY+55.2%	$1.25 YoY+16.8%	$1.07 YoY+137.8%	$0.45 YoY-34.8%	$0.69 YoY+962.5%
EPS (basic)	$1.96 YoY+55.6%	$1.26 YoY+16.7%	$1.08 YoY+140.0%	$0.45 YoY-34.8%	$0.69 YoY+962.5%
Weighted-avg shares (basic)	1.48B YoY+0.6%	1.47B YoY+1.3%	1.45B YoY+1.6%	1.43B YoY+0.6%	1.42B YoY+0.4%
Weighted-avg shares (diluted)	1.49B YoY+0.6%	1.49B YoY+1.5%	1.46B YoY+1.7%	1.44B YoY+0.4%	1.43B YoY+1.2%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	8.79B YoY+27.1%	6.92B YoY+6.2%	6.51B YoY+13.1%	5.76B YoY-8.8%	6.32B YoY-5.6%
Cash & equivalents	1.97B YoY+374.6%	414M YoY-52.1%	865M YoY-6.8%	928M YoY-51.8%	1.93B YoY+11.0%
Inventory	2.94B YoY+4.7%	2.81B YoY+13.1%	2.48B YoY+33.0%	1.87B YoY+16.0%	1.61B YoY+19.2%
Prepaid expenses	660M YoY-20.6%	831M YoY+33.8%	621M YoY-15.0%	731M YoY-8.5%	799M YoY+6.4%
Other current assets	701M YoY-15.6%	831M YoY+33.8%	621M YoY-15.0%	731M YoY-8.5%	799M YoY+6.4%
	43.7B YoY+10.9%	39.4B YoY+12.1%	35.1B YoY+8.2%	32.5B YoY+0.7%	32.2B YoY+4.7%
Property, plant & equipment	4.04B YoY+22.5%	3.29B YoY+15.2%	2.86B YoY+16.9%	2.45B YoY+8.6%	2.25B YoY+8.1%
Operating lease right-of-use	465M YoY+3.6%	449M YoY+2.3%	439M YoY+13.7%	386M YoY-11.3%	435M YoY-5.0%
Goodwill	18.3B YoY+7.0%	17.1B YoY+18.8%	14.4B YoY+11.4%	12.9B YoY+7.8%	12.0B YoY+20.5%
Intangible assets	7.02B YoY+5.0%	6.68B YoY+11.3%	6.00B YoY+1.7%	5.90B YoY-3.6%	6.12B YoY+3.4%
Deferred tax assets	3.67B YoY+0.5%	3.65B YoY-4.8%	3.84B YoY-2.6%	3.94B YoY-4.8%	4.14B YoY-1.6%
Other non-current assets	1.87B YoY+6.4%	1.75B YoY+14.6%	1.53B YoY+2.1%	1.50B YoY+6.4%	1.41B YoY-26.6%
	5.44B YoY-15.0%	6.40B YoY+29.7%	4.93B YoY+29.7%	3.80B YoY-11.0%	4.27B YoY+16.1%
Accounts payable	1.14B YoY+19.2%	960M YoY+1.9%	942M YoY+9.3%	862M YoY+8.6%	794M YoY+54.8%
Accrued liabilities	3.20B YoY+15.4%	2.77B YoY+4.8%	2.65B YoY+22.5%	2.16B YoY-11.3%	2.44B YoY+10.9%
Deferred revenue	313M YoY+2.3%	306M YoY+15.0%	266M YoY+20.9%	220M YoY+5.8%	208M YoY+50.7%
Short-term & current debt	299M YoY-83.2%	1.78B YoY+234.8%	531M YoY+2555.0%	20.0M YoY-92.3%	261M YoY+1907.7%
Current lease liability	90.0M YoY+11.1%	81.0M YoY+6.6%	76.0M YoY+24.6%	61.0M YoY-14.1%	71.0M YoY+6.0%
Other current liabilities	795M YoY-10.4%	887M YoY+9.0%	814M YoY+7.0%	761M YoY-2.8%	783M YoY-18.3%
Long-term debt	4.81B YoY+0.0%	4.81B YoY+0.0%	4.81B YoY+0.0%	4.81B YoY+0.0%	4.81B YoY+0.0%
Non-current lease liability	446M YoY+11.2%	401M YoY+2.8%	390M YoY+12.4%	347M YoY-10.8%	389M YoY-3.0%
Deferred tax liabilities	220M YoY+41.9%	155M YoY+15.7%	134M YoY-6.9%	144M YoY-53.5%	310M YoY-6.1%
Other non-current liabilities	2.40B YoY+28.6%	1.87B YoY-4.9%	1.97B YoY-3.3%	2.04B YoY-8.3%	2.22B YoY-3.9%
	24.2B YoY+11.3%	21.8B YoY+12.9%	19.3B YoY+9.7%	17.6B YoY+5.7%	16.6B YoY+8.5%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	17.0M YoY+0.0%	17.0M YoY+0.0%	17.0M YoY+0.0%	17.0M YoY+0.0%	17.0M YoY+0.0%
Additional paid-in capital	21.5B YoY+2.1%	21.1B YoY+2.0%	20.6B YoY+1.8%	20.3B YoY+1.5%	20.0B YoY+1.3%
Retained earnings	5.57B YoY+108.4%	2.67B YoY+226.4%	819M YoY+209.2%	-750M YoY+46.1%	-1.39B YoY+41.5%
Treasury stock	2.25B YoY+0.0%	2.25B YoY+0.0%	2.25B YoY+0.0%	2.25B YoY+0.0%	2.25B YoY+0.0%
Accumulated other comprehensive income	-610M YoY-321.8%	275M YoY+461.2%	49.0M YoY-81.8%	269M YoY+2.3%	263M YoY+27.1%
Non-controlling interest	239M YoY+2.6%	233M YoY-6.0%	248M	0.00	—
Total equity incl. non-controlling	24.5B YoY+11.2%	22.0B YoY+12.7%	19.5B YoY+11.1%	17.6B YoY+5.7%	16.6B YoY+8.5%
Total liabilities & equity	43.7B YoY+10.9%	39.4B YoY+12.1%	35.1B YoY+8.2%	32.5B YoY+0.7%	32.2B YoY+4.7%
Common shares issued	1.75B YoY+0.5%	1.74B YoY+0.5%	1.73B YoY+1.9%	1.70B YoY+0.5%	1.69B YoY+0.5%
Common shares outstanding	1.40B YoY+0.0%	1.40B YoY+0.0%	1.40B YoY+0.0%	1.40B YoY+0.0%	1.40B YoY+0.0%
Shares outstanding (cover)	1.48B YoY+0.6%	1.47B YoY+0.6%	1.46B YoY+2.3%	1.43B YoY+0.5%	1.42B YoY-0.5%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.53B YoY+32.0%	3.44B YoY+37.2%	2.50B YoY+64.0%	1.53B YoY-18.4%	1.87B YoY+24.0%
Depreciation & amortization	1.37B YoY+7.8%	1.27B YoY+6.1%	1.20B YoY+5.3%	1.14B YoY+3.9%	1.09B YoY-2.7%
Share-based compensation	299M YoY+12.4%	266M YoY+14.2%	233M YoY+5.9%	220M YoY+13.4%	194M YoY+14.1%
Deferred income taxes	-12.0M YoY+86.7%	-90.0M YoY-223.3%	73.0M YoY+1142.9%	-7.00M YoY+95.1%	-142M YoY-67.1%
Change in receivables	269M YoY-23.4%	351M YoY+47.5%	238M YoY+8.2%	220M YoY-21.1%	279M YoY+183.3%
Change in inventory	188M YoY-17.5%	228M YoY-65.5%	660M YoY+105.6%	321M YoY-7.2%	346M YoY+432.3%
Other operating activities	42.0M YoY+2000.0%	2.00M YoY-95.7%	47.0M YoY-62.4%	125M YoY+60.3%	78.0M
	-2.64B YoY+53.6%	-5.69B YoY-120.9%	-2.57B YoY-28.0%	-2.01B YoY-25.9%	-1.60B YoY-288.6%
Capital expenditure	876M YoY+10.9%	790M YoY+11.1%	711M YoY+20.9%	588M YoY+6.1%	554M YoY+47.3%
Acquisitions	1.59B YoY-65.7%	4.64B YoY+156.2%	1.81B YoY+17.4%	1.54B YoY-31.7%	2.26B YoY+75166.7%
Proceeds from sale of PP&E	—	3.00M YoY-25.0%	4.00M YoY-66.7%	12.0M YoY-14.3%	14.0M YoY+16.7%
Other investing activities	-84.0M YoY-265.2%	-23.0M YoY+37.8%	-37.0M YoY+47.1%	-70.0M YoY+14.6%	-82.0M YoY+5.7%
	-395M YoY-121.8%	1.81B YoY+36180.0%	5.00M YoY+100.9%	-548M YoY-476.8%	-95.0M YoY-132.4%
Common stock issued	—	—	—	0.00	0.00 YoY-100.0%
Common stock repurchased	—	—	—	0.00	0.00 YoY-100.0%
Dividends paid	—	0.00 YoY-100.0%	28.0M YoY-49.1%	55.0M YoY+0.0%	55.0M YoY+96.4%
Other financing activities	7.00M YoY+800.0%	-1.00M YoY+98.7%	-77.0M	—	—
FX effect on cash	42.0M YoY+481.8%	-11.0M YoY-175.0%	-4.00M YoY+55.6%	-9.00M YoY-50.0%	-6.00M YoY-200.0%
Net change in cash	1.54B YoY+442.4%	-450M YoY-542.9%	-70.0M YoY+93.3%	-1.04B YoY-702.3%	173M YoY-87.5%
Interest paid	319M YoY+27.6%	250M YoY-3.5%	259M YoY-42.4%	450M YoY+33.1%	338M YoY-5.8%
Income taxes paid	561M YoY-14.5%	656M YoY+28.1%	512M YoY-22.7%	662M YoY+119.2%	302M YoY+45.9%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	141B YoY+7.4%	132B YoY+55.4%	84.7B YoY+27.8%	66.3B YoY+9.5%	60.5B YoY+17.6%
P/E	48.9× YoY-31.5%	71.3× YoY+3.5%	68.9× YoY-32.0%	101.4× YoY+74.4%	58.1×
P/S	7.0× YoY-10.4%	7.9× YoY+27.8%	6.2× YoY+16.7%	5.3× YoY+3.5%	5.1× YoY-1.9%
P/B	5.8× YoY-3.5%	6.0× YoY+34.9%	4.5× YoY+19.4%	3.8× YoY+3.1%	3.6× YoY+8.4%
P/FCF	38.6× YoY-22.4%	49.8× YoY-0.2%	49.9× YoY-58.2%	119.4× YoY+159.5%	46.0× YoY+1.2%
Earnings yield	2.0% YoY+45.9%	1.4% YoY-3.3%	1.5% YoY+47.2%	1.0% YoY-42.7%	1.7%
FCF yield	2.6% YoY+28.8%	2.0% YoY+0.2%	2.0% YoY+139.3%	0.8% YoY-61.5%	2.2% YoY-1.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: BSX's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BSX filings on SEC EDGAR → Not investment advice.

BSX▼ financial statements

About this data

financial statements