BDX vs QGEN vs MDLN Stock Comparison

Becton Dickinson, Qiagen and Medline Prices as of Nov 4, 2026 Peers: Industry group
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BDX Becton Dickinson & Co
$209.18 +15.8% 1M +16.8% 1Y
Market cap
$57.75B
P/E
61.4x
Revenue (TTM)
$23.25B
Div. yield
–
Medical Supplies Healthcare
6 wins
QGEN Qiagen N.V.
$50.82 +11.0% 1M +9.3% 1Y
Market cap
$11.01B
P/E
26.9x
Revenue (TTM)
$2.10B
Div. yield
–
Life Sciences Tools Healthcare
5 wins
MDLN Medline Inc.
$40.35 +12.7% 1M
Market cap
$34.21B
P/E
59.3x
Revenue (TTM)
$30.68B
Div. yield
–
Medical Supplies Healthcare

Head to Head

11 decided of 12

Becton Dickinson leads on 6 of the 12 questions below (Becton Dickinson 6, Qiagen 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBDXQGENMDLNLeader
Larger companyMarket capitalisation $57.75B $11.01B $34.21B BDX
Cheaper on earningsLower P/E, profitable companies only 61.4x 26.9x 59.3x QGEN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 16.1x 21.6x 28.0x BDX
Faster revenue growthRevenue growth, trailing twelve months +17.4% +3.0% — BDX
More profitableNet margin, trailing twelve months 4.0% 19.5% 1.9% QGEN
Better return on capitalReturn on invested capital 5.3% 7.9% 4.3% QGEN
Less leveragedLower net debt / EBITDA 3.2x 1.3x 3.2x QGEN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +16.8% +9.3% — BDX
Better 5-year returnAnnualised price return, 5 years -3.0%/yr -3.4%/yr — BDX
Less volatileAnnualised volatility, 1 year 32.2% 35.4% 47.9% BDX
Higher overall scoreMean of the five percentile scores vs peers 67/100 71/100 52/100 QGEN

Percentile Scorecard

BDXQGENMDLN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBDXQGENMDLN
Valuation 88 #28 of 229 75 #58 of 229 79 #48 of 229
Growth 48 #115 of 221 30 #156 of 221 –
Profitability 77 #49 of 209 93 #16 of 209 72 #59 of 209
Financial Health 27 #176 of 240 64 #86 of 240 43 #137 of 240
Shareholder Returns 97 #6 of 146 94 #10 of 146 15 #125 of 146
Overall 67 71 52
  • BDX ranked among 248 companies in Medical Devices and Diagnostics
  • QGEN ranked among 248 companies in Medical Devices and Diagnostics
  • MDLN ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBDXQGENMDLNSPY
1 month +15.8%+11.0%+12.7% -1.0%
3 months +22.6%+21.2%+10.0% -0.4%
6 months +44.5%+47.6%-4.0% +4.5%
Year to date +7.8%+7.4%-3.9% +12.4%
1 year +16.8%+9.3%— +13.6%
3 years -19.2%+16.1%— +76.4%
3 years, per year -6.9%+5.1%— +20.8%
5 years -14.2%-16.1%— +63.7%
5 years, per year -3.0%-3.4%— +10.4%
10 years +19.5%+64.8%— +267.7%
10 years, per year +1.8%+5.1%— +13.9%

Risk

MeasureBDXQGENMDLNSPY
Volatility, 1Y 32.2%35.4%47.9% 12.8%
Downside volatility, 1Y 33.2%30.1%48.3% 12.7%
Beta vs S&P 500, 1Y 0.380.430.75 1.00
Return / volatility, 1Y 0.520.26— 1.06
Max drawdown, 5Y -50.4%-48.2%-36.7% -25.4%
From 52-week high -0.4%-8.7%-19.3% -1.6%
52-week high $210.02$55.66$49.99 $779.14
52-week low $140.71$32.63$31.64 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBDXQGENMDLN
P/E now vs peer median 61.1xmedian 28.5x 27.0xmedian 28.5x 61.3xmedian 28.5x
P/S now vs peer median 2.5xmedian 2.9x 5.2xmedian 2.9x 1.7xmedian 2.9x
EV/EBITDA now vs peer median 14.7xmedian 18.5x 18.2xmedian 18.5x 22.0xmedian 18.5x
P/FCF now vs peer median 17.8xmedian 26.7x 11.1xmedian 26.7x 28.0xmedian 26.7x
P/B now vs peer median 2.3xmedian 2.3x 3.3xmedian 2.3x 2.7xmedian 2.3x
PEG now vs peer median -4.18median 0.93 6.60median 0.93 —median 0.93

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBDXQGENMDLN
Revenue $23.25B $2.10B $30.68B
Gross profit $10.91B $1.31B $7.90B
Operating income $2.48B $445.43M $1.74B
Net income $941.00M $409.32M $889.00M
Free cash flow $3.20B $991.33M $1.90B
R&D $1.37B $194.67M –
EPS (diluted) $3.42 $1.87 $0.44
Cash & equivalents $708.00M $768.50M $2.32B
Total debt $16.81B $1.64B $12.58B
Shares (diluted) 275.16M 218.88M 1.32B
Enterprise value $54.90B $6.78B $23.75B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBDXQGENMDLN
P/E 61.1x 27.0x 61.3x
P/FCF 17.8x 11.1x 28.0x
P/Operating cash flow 14.4x 16.8x 22.3x
P/S 2.5x 5.2x 1.7x
P/B 2.3x 3.3x 2.7x
P/Tangible book 2.4x 3.7x 8.8x
EV/EBITDA 14.7x 18.2x 22.0x
EV/EBIT 29.4x 26.7x 35.6x
EV/Revenue 3.1x 5.7x 2.0x
EV/FCF 22.8x 12.0x 32.8x
EV/Operating cash flow 18.5x 18.1x 26.1x
PEG (3Y EPS CAGR) -4.18 6.60 –

Growth

14 metrics
MetricBDXQGENMDLN
Revenue growth (1Y) 17.4% 3.0% –
Revenue CAGR (3Y) 6.9% 2.0% –
Gross profit growth (1Y) 23.7% 1.7% –
Gross profit CAGR (3Y) 8.5% 1.3% –
Operating income growth (1Y) 13.0% -4.9% –
Operating income CAGR (3Y) 3.3% 3.3% –
Net income growth (1Y) -40.6% 143.9% –
Net income CAGR (3Y) -17.3% 6.7% –
EPS growth (1Y) -38.0% 6.6% –
EPS CAGR (3Y) -14.6% 4.1% –
Operating cash flow growth (1Y) 43.5% -3.0% –
Operating cash flow CAGR (3Y) 14.5% 8.0% –
Free cash flow growth (1Y) 54.2% 2.3% –
Free cash flow CAGR (3Y) 22.5% 10.5% –

Profitability

14 metrics
MetricBDXQGENMDLN
Gross margin 46.9% 62.2% 25.7%
EBITDA margin 21.4% 31.0% 9.2%
Operating margin 10.7% 21.2% 5.7%
Pretax margin 8.4% 22.0% 3.6%
Net margin 4.0% 19.5% 1.9%
FCF margin 13.8% 47.2% 6.2%
Operating cash flow margin 17.0% 31.2% 7.8%
Return on equity 3.9% 12.2% 4.6%
Return on assets 1.9% 7.0% 2.2%
Return on invested capital 5.3% 7.9% 4.3%
Return on capital employed 6.0% 8.5% 4.8%
Asset turnover 0.5x 0.4x 0.8x
Cash conversion (OCF / net income) 4.2x 1.6x 2.7x
Stock comp / revenue 1.2% 2.1% 0.4%

Financial Health

11 metrics
MetricBDXQGENMDLN
Debt / assets 33.1% 27.9% 31.3%
Debt / equity 0.7x 0.5x 0.6x
Net debt / EBITDA 3.2x 1.3x 3.2x
Debt / FCF 5.2x 1.7x 6.6x
Liabilities / assets 51.9% 43.0% 51.7%
Equity / assets 48.1% 57.0% 48.3%
Interest coverage 4.2x 11.3x –
Current ratio 0.9x 2.8x 4.0x
Quick ratio 0.3x 2.0x 2.4x
Cash ratio 0.1x 1.4x 1.2x
Altman Z-score 2.37 4.11 2.74

Shareholder Returns

7 metrics
MetricBDXQGENMDLN
Dividend yield 2.0% 5.2% –
Net buyback yield 4.4% 0.6% -13.3%
Shareholder yield 6.4% 5.8% -13.3%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBDXQGENMDLN
Forward P/E 16.1xFY2026 21.6xFY2026 28.0xFY2026
EPS, next fiscal year $12.99FY2026 $2.35FY2026 $1.44FY2026
EPS growth, next FY +14.8%FY2026 -1.3%FY2026 +0.7%FY2026
EPS growth, the year after -2.9% +17.4% +13.9%
Revenue, next fiscal year $18.11BFY2026 $2.25BFY2026 $32.52BFY2026
Revenue growth, next FY -17.1%FY2026 +7.8%FY2026 +14.4%FY2026
Revenue growth, the year after +11.6% -2.8% +8.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBDXQGENMDLN
Held by institutions 96.1% 67.3% 57.1%
Institutions holding 1,444 338 409
Change in shares held, QoQ +0.6% +16.5% +17.9%
Institutions buying 688 216 322
Institutions selling 545 86 69
Buyers to sellers 1.26 2.51 4.67

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BDXQGENMDLN
BDX 1.00 0.18 0.35
QGEN 0.18 1.00 0.15
MDLN 0.35 0.15 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BDX, QGEN and MDLN?

Becton Dickinson (BDX) is the largest by market capitalisation: Becton Dickinson (BDX) $57.75B, Qiagen (QGEN) $11.01B, Medline (MDLN) $34.21B.

Which stock is cheaper, BDX, QGEN and MDLN?

Qiagen (QGEN) trades on the lowest price-to-earnings ratio (Becton Dickinson (BDX) 61.4x, Qiagen (QGEN) 26.9x, Medline (MDLN) 59.3x). On next year's consensus earnings, Becton Dickinson (BDX) is cheapest (Becton Dickinson (BDX) 16.1x, Qiagen (QGEN) 21.6x, Medline (MDLN) 28.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Becton Dickinson (BDX) grew revenue fastest over the trailing twelve months: Becton Dickinson (BDX) +17.4%, Qiagen (QGEN) +3.0%.

Which company is more profitable?

Qiagen (QGEN) has the highest net margin (Becton Dickinson (BDX) 4.0%, Qiagen (QGEN) 19.5%, Medline (MDLN) 1.9%). On return on invested capital, Qiagen (QGEN) leads (Becton Dickinson (BDX) 5.3%, Qiagen (QGEN) 7.9%, Medline (MDLN) 4.3%).

Which stock has performed better?

Over the past year Becton Dickinson (BDX) returned the most: Becton Dickinson (BDX) +16.8%, Qiagen (QGEN) +9.3%. Over five years, Becton Dickinson (BDX) compounded fastest (Becton Dickinson (BDX) -3.0%/yr, Qiagen (QGEN) -3.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Becton Dickinson (BDX) has been the steadiest (Becton Dickinson (BDX) 32.2%, Qiagen (QGEN) 35.4%, Medline (MDLN) 47.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BDX, QGEN and MDLN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Becton Dickinson (BDX) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.