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Side-by-side financial comparison of Becton Dickinson (BDX) and NIO Inc. (NIO). Click either name above to swap in a different company.

Becton Dickinson is the larger business by last-quarter revenue ($5.3B vs $4.7B, roughly 1.1× NIO Inc.). Becton Dickinson runs the higher net margin — 7.3% vs 0.8%, a 6.5% gap on every dollar of revenue. Becton Dickinson produced more free cash flow last quarter ($549.0M vs $-439.4M).

Becton, Dickinson and Company is an American multinational medical technology company that manufactures and sells medical devices, instrument systems, and reagents. BD also provides consulting and analytics services in certain areas.

Nio Inc. is a Chinese electric vehicle manufacturer headquartered in Shanghai. Founded in 2014, it adopted its current name in 2016. The company designs and sells electric vehicles, including sedans and SUVs, and has expanded into smartphone development.

BDX vs NIO — Head-to-Head

Bigger by revenue
BDX
BDX
1.1× larger
BDX
$5.3B
$4.7B
NIO
Higher net margin
BDX
BDX
6.5% more per $
BDX
7.3%
0.8%
NIO
More free cash flow
BDX
BDX
$988.4M more FCF
BDX
$549.0M
$-439.4M
NIO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BDX
BDX
NIO
NIO
Revenue
$5.3B
$4.7B
Net Profit
$382.0M
$38.7M
Gross Margin
45.9%
17.5%
Operating Margin
10.5%
1.5%
Net Margin
7.3%
0.8%
Revenue YoY
-0.4%
Net Profit YoY
24.0%
EPS (diluted)
$1.34
$0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BDX
BDX
NIO
NIO
Q1 26
$4.7B
Q4 25
$5.3B
Q3 25
$5.9B
$3.0B
Q2 25
$5.5B
$2.6B
Q1 25
$5.3B
$2.7B
Q4 24
$5.2B
Q3 24
$5.4B
Q2 24
$5.0B
Net Profit
BDX
BDX
NIO
NIO
Q1 26
$38.7M
Q4 25
$382.0M
Q3 25
$493.0M
$-505.2M
Q2 25
$574.0M
$-709.5M
Q1 25
$308.0M
$-984.2M
Q4 24
$303.0M
Q3 24
$400.0M
Q2 24
$487.0M
Gross Margin
BDX
BDX
NIO
NIO
Q1 26
17.5%
Q4 25
45.9%
Q3 25
47.5%
13.9%
Q2 25
47.8%
10.0%
Q1 25
42.8%
11.7%
Q4 24
43.2%
Q3 24
45.7%
Q2 24
46.2%
Operating Margin
BDX
BDX
NIO
NIO
Q1 26
1.5%
Q4 25
10.5%
Q3 25
11.8%
-16.2%
Q2 25
16.0%
-25.8%
Q1 25
10.4%
-30.6%
Q4 24
8.8%
Q3 24
11.4%
Q2 24
12.1%
Net Margin
BDX
BDX
NIO
NIO
Q1 26
0.8%
Q4 25
7.3%
Q3 25
8.4%
-16.8%
Q2 25
10.4%
-27.0%
Q1 25
5.8%
-36.2%
Q4 24
5.9%
Q3 24
7.4%
Q2 24
9.8%
EPS (diluted)
BDX
BDX
NIO
NIO
Q1 26
$0.05
Q4 25
$1.34
Q3 25
$1.71
$-1.51
Q2 25
$2.00
$-2.31
Q1 25
$1.07
$-3.47
Q4 24
$1.04
Q3 24
$1.37
Q2 24
$1.68

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BDX
BDX
NIO
NIO
Cash + ST InvestmentsLiquidity on hand
$740.0M
$4.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$25.3B
$594.8M
Total Assets
$54.8B
$17.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDX
BDX
NIO
NIO
Q1 26
$4.4B
Q4 25
$740.0M
Q3 25
$641.0M
Q2 25
$735.0M
$2.5B
Q1 25
$667.0M
$4.6B
Q4 24
$711.0M
Q3 24
$1.7B
Q2 24
$4.5B
Stockholders' Equity
BDX
BDX
NIO
NIO
Q1 26
$594.8M
Q4 25
$25.3B
Q3 25
$25.4B
Q2 25
$25.5B
$-168.3M
Q1 25
$25.2B
$817.5M
Q4 24
$25.2B
Q3 24
$25.9B
Q2 24
$25.9B
Total Assets
BDX
BDX
NIO
NIO
Q1 26
$17.8B
Q4 25
$54.8B
Q3 25
$55.3B
Q2 25
$54.9B
$14.0B
Q1 25
$54.5B
$14.7B
Q4 24
$54.7B
Q3 24
$57.3B
Q2 24
$55.6B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BDX
BDX
NIO
NIO
Operating Cash FlowLast quarter
$657.0M
$427.9M
Free Cash FlowOCF − Capex
$549.0M
$-439.4M
FCF MarginFCF / Revenue
10.5%
-9.3%
Capex IntensityCapex / Revenue
2.1%
18.4%
Cash ConversionOCF / Net Profit
1.72×
11.07×
TTM Free Cash FlowTrailing 4 quarters
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDX
BDX
NIO
NIO
Q1 26
$427.9M
Q4 25
$657.0M
Q3 25
$1.4B
Q2 25
$1.2B
Q1 25
$164.0M
$-1.1B
Q4 24
$693.0M
Q3 24
$1.2B
Q2 24
$1.3B
Free Cash Flow
BDX
BDX
NIO
NIO
Q1 26
$-439.4M
Q4 25
$549.0M
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$35.0M
$-2.3B
Q4 24
$588.0M
Q3 24
$882.0M
Q2 24
$1.1B
FCF Margin
BDX
BDX
NIO
NIO
Q1 26
-9.3%
Q4 25
10.5%
Q3 25
17.0%
Q2 25
19.0%
Q1 25
0.7%
-85.6%
Q4 24
11.4%
Q3 24
16.2%
Q2 24
22.4%
Capex Intensity
BDX
BDX
NIO
NIO
Q1 26
18.4%
Q4 25
2.1%
Q3 25
6.0%
Q2 25
3.2%
Q1 25
2.4%
46.1%
Q4 24
2.0%
Q3 24
5.4%
Q2 24
3.6%
Cash Conversion
BDX
BDX
NIO
NIO
Q1 26
11.07×
Q4 25
1.72×
Q3 25
2.75×
Q2 25
2.12×
Q1 25
0.53×
Q4 24
2.29×
Q3 24
2.94×
Q2 24
2.66×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BDX
BDX

Other$2.8B53%
Medication Management Solutions$678.0M13%
Urologyand Critical Care$339.0M6%
Surgery$310.0M6%
Peripheral Intervention$265.0M5%
Specimen Management$245.0M5%
Advanced Patient Monitoring$178.0M3%
Diagnostic Solutions$176.0M3%
Bio Pharma Systems$150.0M3%
Biosciences$124.0M2%

NIO
NIO

Segment breakdown not available.

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