Becton, Dickinson and Company — Earnings Quality Grade F
BDX · Healthcare
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 50 days, change -5 days YoY
AR growth -1.3% vs revenue growth 8.2%
Revenue 8.2%, CFFO -9.6%. Cash follows revenue
Expense Quality
Inventory 1.3% vs COGS 7.8%. Normal
CapEx growth 4.8% vs revenue 8.2%. Normal
SG&A/Gross Profit = 53.2%. Normal
Gross margin 45.4%, change +0.2pp. Stable
Cash Flow Quality
CFFO/NI = 2.04. Profits backed by cash
FCF $2.7B, FCF/NI = 1.59
Accruals ratio = -3.2%. Low accruals
Cash $0.6B covers only 3% of debt $19.2B
Balance Sheet Health
Goodwill+Intangibles $36.0B = 142% of equity. Over 50%
Debt/EBITDA = 3.9x. Healthy
Other assets 16.9% vs revenue 8.2%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -4% YoY. Normal
Manipulation Score
M-Score = -2.64 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09