BOSTON SCIENTIFIC CORP (BSX) closed fiscal year 2025 with a gross margin of 69.0 % and a net margin of 14.4 %.
BOSTON SCIENTIFIC CORP (BSX) closed fiscal year 2025 with a gross margin of 69.0 % and a net margin of 14.4 %. The same year shows an EBITDA margin of 24.8 % and an EBIT margin of 18.0 %. The free cash flow margin was 18.2 %. Against the previous year the gross margin moved +0.4 pp and the net margin +3.4 pp. Across the period the gross margin ranges between 65.0 % in 2020 and 72.0 % in 2007. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 71.98 % | 69.33 % | 68.54 % | 66.71 % | 65.11 % | 70.42 % | 70.26 % | 69.28 % | 65.74 % | 65.69 % | 71.34 % | 71.37 % | 70.98 % | 65.05 % | 68.78 % | 68.81 % | 69.49 % | 68.61 % | 69.01 % |
| EBITDA margin (%) | 10.82 % | -7.96 % | -0.73 % | 2.05 % | 21.27 % | -45.77 % | 11.44 % | 5.68 % | 6.02 % | 13.90 % | 23.53 % | 24.43 % | 23.56 % | 10.52 % | 19.28 % | 21.96 % | 24.85 % | 23.12 % | 24.81 % |
| EBIT margin (%) | -0.17 % | -18.70 % | -10.92 % | -8.40 % | 11.86 % | -55.59 % | 1.70 % | -4.03 % | -3.51 % | 4.93 % | 14.20 % | 15.33 % | 14.14 % | -0.81 % | 10.09 % | 13.00 % | 16.45 % | 15.54 % | 18.00 % |
| Net margin (%) | -5.92 % | -25.29 % | -12.52 % | -13.64 % | 5.79 % | -58.47 % | -1.71 % | -1.59 % | -2.96 % | 3.82 % | 1.15 % | 17.01 % | 43.78 % | -0.83 % | 8.76 % | 5.50 % | 11.19 % | 11.07 % | 14.44 % |
| FCF margin (%) | 6.83 % | 10.61 % | 6.39 % | 0.68 % | 9.24 % | 15.15 % | 12.23 % | 13.54 % | 5.50 % | 8.88 % | 12.23 % | -0.06 % | 12.81 % | 11.42 % | 11.07 % | 7.40 % | 12.58 % | 15.79 % | 18.22 % |
