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

Vale S.A. is the larger business by last-quarter revenue ($8.8B vs $5.3B, roughly 1.7× Becton Dickinson). Vale S.A. runs the higher net margin — 24.3% vs 7.3%, a 17.0% gap on every dollar of revenue. On growth, Becton Dickinson posted the faster year-over-year revenue change (-0.4% vs -11.3%).

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.

Vale, formerly Companhia Vale do Rio Doce, is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt; as of 2014 the company operated nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products.

BDX vs VALE — Head-to-Head

Bigger by revenue
VALE
VALE
1.7× larger
VALE
$8.8B
$5.3B
BDX
Growing faster (revenue YoY)
BDX
BDX
+10.9% gap
BDX
-0.4%
-11.3%
VALE
Higher net margin
VALE
VALE
17.0% more per $
VALE
24.3%
7.3%
BDX

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
BDX
BDX
VALE
VALE
Revenue
$5.3B
$8.8B
Net Profit
$382.0M
$2.1B
Gross Margin
45.9%
30.9%
Operating Margin
10.5%
22.8%
Net Margin
7.3%
24.3%
Revenue YoY
-0.4%
-11.3%
Net Profit YoY
24.0%
-22.9%
EPS (diluted)
$1.34
$0.50

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
VALE
VALE
Q4 25
$5.3B
Q3 25
$5.9B
Q2 25
$5.5B
$8.8B
Q1 25
$5.3B
Q4 24
$5.2B
Q3 24
$5.4B
Q2 24
$5.0B
$9.9B
Q1 24
$5.0B
Net Profit
BDX
BDX
VALE
VALE
Q4 25
$382.0M
Q3 25
$493.0M
Q2 25
$574.0M
$2.1B
Q1 25
$308.0M
Q4 24
$303.0M
Q3 24
$400.0M
Q2 24
$487.0M
$2.8B
Q1 24
$537.0M
Gross Margin
BDX
BDX
VALE
VALE
Q4 25
45.9%
Q3 25
47.5%
Q2 25
47.8%
30.9%
Q1 25
42.8%
Q4 24
43.2%
Q3 24
45.7%
Q2 24
46.2%
36.0%
Q1 24
45.7%
Operating Margin
BDX
BDX
VALE
VALE
Q4 25
10.5%
Q3 25
11.8%
Q2 25
16.0%
22.8%
Q1 25
10.4%
Q4 24
8.8%
Q3 24
11.4%
Q2 24
12.1%
39.1%
Q1 24
14.5%
Net Margin
BDX
BDX
VALE
VALE
Q4 25
7.3%
Q3 25
8.4%
Q2 25
10.4%
24.3%
Q1 25
5.8%
Q4 24
5.9%
Q3 24
7.4%
Q2 24
9.8%
27.9%
Q1 24
10.6%
EPS (diluted)
BDX
BDX
VALE
VALE
Q4 25
$1.34
Q3 25
$1.71
Q2 25
$2.00
$0.50
Q1 25
$1.07
Q4 24
$1.04
Q3 24
$1.37
Q2 24
$1.68
$0.65
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
VALE
VALE
Cash + ST InvestmentsLiquidity on hand
$740.0M
$5.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$25.3B
$40.5B
Total Assets
$54.8B
$90.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDX
BDX
VALE
VALE
Q4 25
$740.0M
Q3 25
$641.0M
Q2 25
$735.0M
$5.5B
Q1 25
$667.0M
Q4 24
$711.0M
Q3 24
$1.7B
Q2 24
$4.5B
$6.5B
Q1 24
$2.3B
Stockholders' Equity
BDX
BDX
VALE
VALE
Q4 25
$25.3B
Q3 25
$25.4B
Q2 25
$25.5B
$40.5B
Q1 25
$25.2B
Q4 24
$25.2B
Q3 24
$25.9B
Q2 24
$25.9B
$38.4B
Q1 24
$25.6B
Total Assets
BDX
BDX
VALE
VALE
Q4 25
$54.8B
Q3 25
$55.3B
Q2 25
$54.9B
$90.4B
Q1 25
$54.5B
Q4 24
$54.7B
Q3 24
$57.3B
Q2 24
$55.6B
$86.6B
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
VALE
VALE
Operating Cash FlowLast quarter
$657.0M
Free Cash FlowOCF − Capex
$549.0M
FCF MarginFCF / Revenue
10.5%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDX
BDX
VALE
VALE
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
VALE
VALE
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
VALE
VALE
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
VALE
VALE
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
VALE
VALE
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%

VALE
VALE

Segment breakdown not available.

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