Operating Margin % is calculated as Operating Income divided by its Revenue. Becton, Dickinson and Co's Operating Income for the
three
months ended in Jun. 2022 was $592 Mil. Becton, Dickinson and Co's Revenue for the
three
months ended in Jun. 2022 was $4,641 Mil. Therefore, Becton, Dickinson and Co's Operating Margin % for the quarter that ended in Jun. 2022 was 12.76%.
Warning Sign:
Becton, Dickinson and Co operating margin has been in a 5-year decline. The average rate of decline per year is -5.5%.
The historical rank and industry rank for Becton, Dickinson and Co's Operating Margin % or its related term are showing as below:
BDX'
s Operating Margin % Range Over the Past 10 Years
Min: 10.52 Med: 14.94 Max: 20.21
Current: 15.11
BDX's Operating Margin % is ranked better than 72.61% of 796
companies
in the Medical Devices & Instruments industry
Industry Median: 2.60
vs BDX: 15.11
Becton, Dickinson and Co's 5-Year Average Operating Margin % Growth Rate was -5.50% per year.
Becton, Dickinson and Co's Operating Income for the
three
months ended in Jun. 2022 was $592 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2022 was $3,114 Mil.
Becton, Dickinson and Co Operating Margin % Historical Data
The historical data trend for Becton, Dickinson and Co's Operating 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.
* Premium members only.
Becton, Dickinson and Co Annual Data
Trend
Sep12
Sep13
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Operating Margin %
15.15
13.99
12.94
10.52
14.73
Becton, Dickinson and Co Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Operating Margin %
11.20
16.61
17.02
13.59
12.76
Competitive Comparison
For the Medical Instruments & Supplies subindustry, Becton, Dickinson and Co's Operating Margin %, along with its competitors' market caps and Operating 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.
Becton, Dickinson and Co Operating Margin % Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Becton, Dickinson and Co's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Becton, Dickinson and Co's Operating Margin % falls into.
Becton, Dickinson and Co Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Becton, Dickinson and Co's Operating Margin % for the fiscal year that ended in Sep. 2021 is calculated as
* 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 and Co (NYSE:BDX) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Becton, Dickinson and Co Operating Margin % Related Terms
Thank you for viewing the detailed overview of Becton, Dickinson and Co's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Becton, Dickinson is the world's largest manufacturer and distributor of medical surgical products, such as needles, syringes, and sharps-disposal units. The company also manufactures diagnostic instruments and reagents, as well as flow cytometry and cell-imaging systems. BD Interventional (largely the former Bard business) accounts for 23% of revenue. International revenue accounts for 44% of the company's business.
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