BSX 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.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | 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+19.9% | 16.7B+17.6% | 14.2B+12.3% | 12.7B+6.7% | 11.9B+19.9% | |
| 13.9B+20.6% | 11.5B+16.1% | 9.90B+13.4% | 8.73B+6.7% | 8.18B+26.8% | ||
| Cost of revenue | 6.22B+18.3% | 5.26B+21.0% | 4.34B+9.8% | 3.96B+6.6% | 3.71B+7.1% | |
| 10.2B+15.2% | 8.89B+17.7% | 7.55B+6.7% | 7.08B+1.4% | 6.98B+6.9% | ||
| Research & development | 2.05B+27.1% | 1.61B+14.2% | 1.41B+6.9% | 1.32B+9.9% | 1.20B+5.3% | |
| Selling, general & administrative | 6.89B+15.1% | 5.98B+15.3% | 5.19B+14.8% | 4.52B+3.7% | 4.36B+15.1% | |
| Restructuring | 101M+531.3% | 16.0M-76.8% | 69.0M+187.5% | 24.0M-40.0% | 40.0M-23.1% | |
| Amortization of intangibles | 897M+4.8% | 856M+3.4% | 828M+3.1% | 803M+8.4% | 741M-6.1% | |
| Provision for credit losses | 56.0M+36.6% | 41.0M-18.0% | 50.0M+42.9% | 35.0M+25.0% | 28.0M-42.9% | |
| Operating income | 3.61B+38.8% | 2.60B+11.1% | 2.34B+42.1% | 1.65B+37.5% | 1.20B+1598.8% | |
| Interest expense | 349M+14.4% | 305M+15.1% | 265M-43.6% | 470M+37.8% | 341M-5.5% | |
| Other non-operating income | -228M+29.0% | -321M+10.3% | -358M+29.5% | -508M-333.0% | 218M-39.8% | |
| Pre-tax income | 3.38B+48.3% | 2.28B+15.0% | 1.99B+74.0% | 1.14B+6.0% | 1.08B+1462.0% | |
| Income tax | 493M+13.1% | 436M+10.9% | 393M-11.3% | 443M+1130.6% | 36.0M+1700.0% | |
| 2.89B+56.7% | 1.85B+16.0% | 1.59B+128.1% | 698M-32.9% | 1.04B+1369.5% | ||
| Net income to non-controlling interest | -6.00M+25.0% | -8.00M-700.0% | -1.00M | 0.00 | 0.00 | |
| Net income to common | 2.90B+56.4% | 1.85B+18.0% | 1.57B+144.5% | 642M-34.8% | 985M+956.5% | |
| $1.94+55.2% | $1.25+16.8% | $1.07+137.8% | $0.45-34.8% | $0.69+962.5% | ||
| EPS (basic) | $1.96+55.6% | $1.26+16.7% | $1.08+140.0% | $0.45-34.8% | $0.69+962.5% | |
| Weighted-avg shares (basic) | 1.48B+0.6% | 1.47B+1.3% | 1.45B+1.6% | 1.43B+0.6% | 1.42B+0.4% | |
| Weighted-avg shares (diluted) | 1.49B+0.6% | 1.49B+1.5% | 1.46B+1.7% | 1.44B+0.4% | 1.43B+1.2% | |
| Dividends per share | — | — | $0.02-50.2% | $0.04-0.6% | $0.04+95.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 8.79B+27.1% | 6.92B+6.2% | 6.51B+13.1% | 5.76B-8.8% | 6.32B-5.6% | ||
| Cash & equivalents | 1.97B+374.6% | 414M-52.1% | 865M-6.8% | 928M-51.8% | 1.93B+11.0% | |
| Inventory | 2.94B+4.7% | 2.81B+13.1% | 2.48B+33.0% | 1.87B+16.0% | 1.61B+19.2% | |
| Prepaid expenses | 660M-20.6% | 831M+33.8% | 621M-15.0% | 731M-8.5% | 799M+6.4% | |
| Other current assets | — | 831M+33.8% | 621M-15.0% | 731M-8.5% | 799M+6.4% | |
| 43.7B+10.9% | 39.4B+12.1% | 35.1B+8.2% | 32.5B+0.7% | 32.2B+4.7% | ||
| Property, plant & equipment | 4.04B+22.5% | 3.29B+15.2% | 2.86B+16.9% | 2.45B+8.6% | 2.25B+8.1% | |
| Operating lease right-of-use | 465M+3.6% | 449M+2.3% | 439M+13.7% | 386M-11.3% | 435M-5.0% | |
| Goodwill | 18.3B+7.0% | 17.1B+18.8% | 14.4B+11.4% | 12.9B+7.8% | 12.0B+20.5% | |
| Intangible assets | 7.02B+5.0% | 6.68B+11.3% | 6.00B+1.7% | 5.90B-3.6% | 6.12B+3.4% | |
| Deferred tax assets | 3.67B+0.5% | 3.65B-4.8% | 3.84B-2.6% | 3.94B-4.8% | 4.14B-1.6% | |
| Other non-current assets | 1.19B-32.4% | 1.75B+14.6% | 1.53B+2.1% | 1.50B+6.4% | 1.41B-26.6% | |
| 5.44B-15.0% | 6.40B+29.7% | 4.93B+29.7% | 3.80B-11.0% | 4.27B+16.1% | ||
| Accounts payable | 1.14B+19.2% | 960M+1.9% | 942M+9.3% | 862M+8.6% | 794M+54.8% | |
| Accrued liabilities | 3.20B+15.4% | 2.77B+4.8% | 2.65B+22.5% | 2.16B-11.3% | 2.44B+10.9% | |
| Deferred revenue | 313M+2.3% | 306M+15.0% | 266M+20.9% | 220M+5.8% | 208M+50.7% | |
| Short-term & current debt | 299M-83.2% | 1.78B+234.8% | 531M+2555.0% | 20.0M-92.3% | 261M+1907.7% | |
| Current lease liability | 90.0M+11.1% | 81.0M+6.6% | 76.0M+24.6% | 61.0M-14.1% | 71.0M | |
| Other current liabilities | 795M-10.4% | 887M+9.0% | 814M+7.0% | 761M-2.8% | 783M-18.3% | |
| Finance lease liability (current) | 1.00M | — | — | — | — | |
| Long-term debt | 11.1B+24.2% | 8.97B+4.6% | 8.57B-3.9% | 8.91B+1.3% | 8.80B-3.6% | |
| Non-current lease liability | 446M+11.2% | 401M+2.8% | 390M+12.4% | 347M-10.8% | 389M-3.0% | |
| Operating lease liability (total) | 536M+11.2% | 482M+3.4% | 466M+14.2% | 408M-11.3% | 460M | |
| Finance lease liability | 122M | — | — | — | — | |
| Deferred tax liabilities | 220M+41.9% | 155M+15.7% | 134M-6.9% | 144M-53.5% | 310M-6.1% | |
| Other non-current liabilities | 2.40B+28.6% | 1.87B-4.9% | 1.97B-3.3% | 2.04B-8.3% | 2.22B-3.9% | |
| 24.2B+11.3% | 21.8B+12.9% | 19.3B+9.7% | 17.6B+5.7% | 16.6B+8.5% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 17.0M+0.0% | 17.0M+0.0% | 17.0M+0.0% | 17.0M+0.0% | 17.0M+0.0% | |
| Additional paid-in capital | 21.5B+2.1% | 21.1B+2.0% | 20.6B+1.8% | 20.3B+1.5% | 20.0B+1.3% | |
| Retained earnings | 5.57B+108.4% | 2.67B+226.4% | 819M+209.2% | -750M+46.1% | -1.39B+41.5% | |
| Treasury stock | 2.25B+0.0% | 2.25B+0.0% | 2.25B+0.0% | 2.25B+0.0% | 2.25B+0.0% | |
| Accumulated other comprehensive income | -610M-321.8% | 275M+461.2% | 49.0M-81.8% | 269M+2.3% | 263M+27.1% | |
| Non-controlling interest | 239M+2.6% | 233M-6.0% | 248M | 0.00 | — | |
| Total equity incl. non-controlling | 24.5B+11.2% | 22.0B+12.7% | 19.5B+11.1% | 17.6B+5.7% | 16.6B+8.5% | |
| Total liabilities & equity | 43.7B+10.9% | 39.4B+12.1% | 35.1B+8.2% | 32.5B+0.7% | 32.2B+4.7% | |
| Common shares issued | 1.75B+0.5% | 1.74B+0.5% | 1.73B+1.9% | 1.70B+0.5% | 1.69B+0.5% | |
| Shares outstanding (cover) | 1.48B+0.5% | 1.48B+0.6% | 1.47B+2.3% | 1.43B+0.6% | 1.43B+0.7% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.53B+32.0% | 3.44B+37.2% | 2.50B+64.0% | 1.53B-18.4% | 1.87B+24.0% | ||
| Depreciation & amortization | 1.37B+7.8% | 1.27B+6.1% | 1.20B+5.3% | 1.14B+3.9% | 1.09B-2.7% | |
| Intangible amortization | 897M+4.8% | 856M+3.4% | 828M+3.1% | 803M+8.4% | 741M-6.1% | |
| Share-based compensation | 299M+12.4% | 266M+14.2% | 233M+5.9% | 220M+13.4% | 194M+14.1% | |
| Deferred income taxes | -12.0M+86.7% | -90.0M-223.3% | 73.0M+1142.9% | -7.00M+95.1% | -142M-67.1% | |
| Change in receivables | 269M-23.4% | 351M+47.5% | 238M+8.2% | 220M-21.1% | 279M+183.3% | |
| Change in inventory | 188M-17.5% | 228M-65.5% | 660M+105.6% | 321M-7.2% | 346M+432.3% | |
| Other operating activities | 42.0M+2000.0% | 2.00M-95.7% | 47.0M-62.4% | 125M+60.3% | 78.0M | |
| -2.64B+53.6% | -5.69B-120.9% | -2.57B-28.0% | -2.01B-25.9% | -1.60B-288.6% | ||
| Capital expenditure | 876M+10.9% | 790M+11.1% | 711M+20.9% | 588M+6.1% | 554M+47.3% | |
| Free cash flow | 3.66B+38.3% | 2.65B+47.6% | 1.79B+91.0% | 938M-28.7% | 1.32B+16.3% | |
| Acquisitions | 1.59B-65.7% | 4.64B+156.2% | 1.81B+17.4% | 1.54B-31.7% | 2.26B+75166.7% | |
| Proceeds from sale of PP&E | — | 3.00M-25.0% | 4.00M-66.7% | 12.0M-14.3% | 14.0M+16.7% | |
| Other investing activities | -84.0M-265.2% | -23.0M+37.8% | -37.0M+47.1% | -70.0M+14.6% | -82.0M+5.7% | |
| -395M-121.8% | 1.81B+36180.0% | 5.00M+100.9% | -548M-476.8% | -95.0M-132.4% | ||
| Long-term debt issued | 1.56B-27.4% | 2.15B | 0.00-100.0% | 3.27B | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Dividends paid | 0.00 | 0.00-100.0% | 28.0M-49.1% | 55.0M+0.0% | 55.0M+96.4% | |
| Other financing activities | 7.00M+800.0% | -1.00M+98.7% | -77.0M | — | — | |
| FX effect on cash | 42.0M+481.8% | -11.0M-175.0% | -4.00M+55.6% | -9.00M-50.0% | -6.00M-200.0% | |
| Net change in cash | 1.54B+442.4% | -450M-542.9% | -70.0M+93.3% | -1.04B-702.3% | 173M-87.5% | |
| Interest paid | 319M+27.6% | 250M-3.5% | 259M-42.4% | 450M+33.1% | 338M-5.8% | |
| Income taxes paid | 561M-14.5% | 656M+28.1% | 512M-22.7% | 662M+119.2% | 302M+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+7.3% | 132B+55.6% | 84.7B+27.8% | 66.3B+9.3% | 60.6B+19.0% | |
| P/E | 48.9×-31.5% | 71.4×+3.5% | 69.0×-32.0% | 101.5×+74.3% | 58.2× | |
| P/S | 7.0×-10.5% | 7.9×+27.9% | 6.2×+16.7% | 5.3×+3.4% | 5.1×-0.8% | |
| P/B | 5.8×-3.6% | 6.1×+35.0% | 4.5×+19.4% | 3.8×+3.0% | 3.6×+9.7% | |
| P/FCF | 38.7×-22.4% | 49.8×-0.1% | 49.9×-58.2% | 119.4×+159.3% | 46.1×+2.3% | |
| Earnings yield | 2.0%+46.0% | 1.4%-3.4% | 1.4%+47.2% | 0.99%-42.6% | 1.7% | |
| FCF yield | 2.6%+28.8% | 2.0%+0.1% | 2.0%+139.3% | 0.84%-61.4% | 2.2%-2.3% | |
| Dividend yield | — | — | 0.03%-60.2% | 0.08%-8.7% | 0.09%+65.1% | |
| 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.
