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Side-by-side financial comparison of Becton Dickinson (BDX) and TIGO ENERGY, INC. (TYGO). Click either name above to swap in a different company.

TIGO ENERGY, INC. is the larger business by last-quarter revenue ($9.2B vs $5.3B, roughly 1.8× Becton Dickinson). Becton Dickinson produced more free cash flow last quarter ($549.0M vs $-39.3M).

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.

Tigo Energy is an American private corporation, headquartered in Los Gatos, California, United States. It provides products, technologies, software, and services to installers, distributors, and original equipment manufacturers within the photovoltaic industry. It specializes in module-level power optimizers and smart module power electronics.

BDX vs TYGO — Head-to-Head

Bigger by revenue
TYGO
TYGO
1.8× larger
TYGO
$9.2B
$5.3B
BDX
More free cash flow
BDX
BDX
$588.3M more FCF
BDX
$549.0M
$-39.3M
TYGO

Income Statement — Q1 FY2026 vs Q4 FY2023

Metric
BDX
BDX
TYGO
TYGO
Revenue
$5.3B
$9.2B
Net Profit
$382.0M
Gross Margin
45.9%
0.0%
Operating Margin
10.5%
Net Margin
7.3%
Revenue YoY
-0.4%
Net Profit YoY
24.0%
-1736.1%
EPS (diluted)
$1.34

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
TYGO
TYGO
Q4 25
$5.3B
Q3 25
$5.9B
Q2 25
$5.5B
Q1 25
$5.3B
Q4 24
$5.2B
Q3 24
$5.4B
Q2 24
$5.0B
Q1 24
$5.0B
Net Profit
BDX
BDX
TYGO
TYGO
Q4 25
$382.0M
Q3 25
$493.0M
Q2 25
$574.0M
Q1 25
$308.0M
Q4 24
$303.0M
Q3 24
$400.0M
Q2 24
$487.0M
Q1 24
$537.0M
Gross Margin
BDX
BDX
TYGO
TYGO
Q4 25
45.9%
Q3 25
47.5%
Q2 25
47.8%
Q1 25
42.8%
Q4 24
43.2%
Q3 24
45.7%
Q2 24
46.2%
Q1 24
45.7%
Operating Margin
BDX
BDX
TYGO
TYGO
Q4 25
10.5%
Q3 25
11.8%
Q2 25
16.0%
Q1 25
10.4%
Q4 24
8.8%
Q3 24
11.4%
Q2 24
12.1%
Q1 24
14.5%
Net Margin
BDX
BDX
TYGO
TYGO
Q4 25
7.3%
Q3 25
8.4%
Q2 25
10.4%
Q1 25
5.8%
Q4 24
5.9%
Q3 24
7.4%
Q2 24
9.8%
Q1 24
10.6%
EPS (diluted)
BDX
BDX
TYGO
TYGO
Q4 25
$1.34
Q3 25
$1.71
Q2 25
$2.00
Q1 25
$1.07
Q4 24
$1.04
Q3 24
$1.37
Q2 24
$1.68
Q1 24
$1.85

Balance Sheet & Financial Strength

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

Metric
BDX
BDX
TYGO
TYGO
Cash + ST InvestmentsLiquidity on hand
$740.0M
$31.2M
Total DebtLower is stronger
$50.0M
Stockholders' EquityBook value
$25.3B
$62.8M
Total Assets
$54.8B
$127.8M
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDX
BDX
TYGO
TYGO
Q4 25
$740.0M
Q3 25
$641.0M
Q2 25
$735.0M
Q1 25
$667.0M
Q4 24
$711.0M
Q3 24
$1.7B
Q2 24
$4.5B
Q1 24
$2.3B
Stockholders' Equity
BDX
BDX
TYGO
TYGO
Q4 25
$25.3B
Q3 25
$25.4B
Q2 25
$25.5B
Q1 25
$25.2B
Q4 24
$25.2B
Q3 24
$25.9B
Q2 24
$25.9B
Q1 24
$25.6B
Total Assets
BDX
BDX
TYGO
TYGO
Q4 25
$54.8B
Q3 25
$55.3B
Q2 25
$54.9B
Q1 25
$54.5B
Q4 24
$54.7B
Q3 24
$57.3B
Q2 24
$55.6B
Q1 24
$54.2B

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
TYGO
TYGO
Operating Cash FlowLast quarter
$657.0M
$-37.2M
Free Cash FlowOCF − Capex
$549.0M
$-39.3M
FCF MarginFCF / Revenue
10.5%
-0.4%
Capex IntensityCapex / Revenue
2.1%
0.0%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters
$2.6B
$-70.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDX
BDX
TYGO
TYGO
Q4 25
$657.0M
Q3 25
$1.4B
Q2 25
$1.2B
Q1 25
$164.0M
Q4 24
$693.0M
Q3 24
$1.2B
Q2 24
$1.3B
Q1 24
$514.0M
Free Cash Flow
BDX
BDX
TYGO
TYGO
Q4 25
$549.0M
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$35.0M
Q4 24
$588.0M
Q3 24
$882.0M
Q2 24
$1.1B
Q1 24
$380.0M
FCF Margin
BDX
BDX
TYGO
TYGO
Q4 25
10.5%
Q3 25
17.0%
Q2 25
19.0%
Q1 25
0.7%
Q4 24
11.4%
Q3 24
16.2%
Q2 24
22.4%
Q1 24
7.5%
Capex Intensity
BDX
BDX
TYGO
TYGO
Q4 25
2.1%
Q3 25
6.0%
Q2 25
3.2%
Q1 25
2.4%
Q4 24
2.0%
Q3 24
5.4%
Q2 24
3.6%
Q1 24
2.7%
Cash Conversion
BDX
BDX
TYGO
TYGO
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×
Q1 24
0.96×

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%

TYGO
TYGO

Segment breakdown not available.

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