Becton, Dickinson and Company stock research
FY2025 Q2
Becton, Dickinson and (BDX) Gross Margin — Quarter Ended Mar 31, 2025
Revenue, gross profit, and cost of revenue all decreased compared to the prior quarter and the same quarter last year. Gross margin weakened versus both periods, reflecting a larger relative decline in gross profit compared to revenue.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q2
Revenue, gross profit, and cost of revenue all decreased compared to the prior quarter and the same quarter last year. Gross margin weakened versus both periods, reflecting a larger relative decline in gross profit compared to revenue.
- The decline in gross profit was proportionally larger than the decline in revenue, which drove the gross margin lower. Cost of revenue decreased but not enough to offset the revenue drop.
- Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were all lower, and gross margin weakened. Versus the same quarter one year earlier, all metrics were lower and gross margin also weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
41.5%
Gross profit
$1.9B
Revenue
$4.5B
Cost of revenue
$2.6B
Quarter-over-quarter change
-1.7 pts
Year-over-year change
-4.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2024 | $5.0B | $2.3B | $2.7B | 46.2% |
| Sep 30, 2024 | $5.4B | $2.5B | $3.0B | 45.7% |
| Dec 31, 2024 | $5.2B | $2.2B | $2.9B | 43.2% |
| Mar 31, 2025 | $4.5B | $1.9B | $2.6B | 41.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
-1.7 pts
Year-over-year change
Mar 31, 2024
-4.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The decline in gross profit was proportionally larger than the decline in revenue, which drove the gross margin lower. Cost of revenue decreased but not enough to offset the revenue drop.
Compared to the immediately preceding quarter, revenue, gross profit, and cost of revenue were all lower, and gross margin weakened. Versus the same quarter one year earlier, all metrics were lower and gross margin also weakened.
Monitor the trajectory of cost of revenue relative to revenue in upcoming quarters to assess margin stability.