GEHC and 9 peers, year by year
The 9 Health care companies closest to GEHC in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.
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| Company | Year | Revenue | Sales growth | Gross margin | Operating margin | Net margin | FCF margin | Return on equity | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|
| GEHC GE HealthCare | FY2025 | $20.6B | +4.8% | 40.0% | 13.4% | 10.1% | 7.3% | 20.1% | 1.01 |
| BSX Boston Scientific | FY2025 | $20.1B | +19.9% | 69.0% | 18.0% | 14.4% | 18.2% | 12.0% | 0.47 |
| BDX Becton Dickinson | FY2025 | $21.8B | +8.2% | - | 11.8% | 7.7% | 12.2% | 6.6% | 0.76 |
| UHS Universal Health Services | FY2025 | $17.4B | +9.7% | - | 11.5% | 8.6% | 4.9% | 20.5% | 0.66 |
| DHR Danaher Corporation | FY2025 | $24.6B | +2.9% | 59.1% | 19.1% | 14.7% | 21.4% | 6.9% | 0.35 |
| IQV IQVIA | FY2025 | $16.3B | +5.9% | - | 13.4% | 8.3% | 12.6% | 20.9% | 2.42 |
| SYK Stryker Corporation | FY2025 | $25.1B | +11.2% | 64.0% | 19.5% | 12.9% | 17.1% | 14.5% | 0.66 |
| REGN Regeneron Pharmaceuticals | FY2025 | $14.3B | +1.0% | - | 24.9% | 31.4% | 28.4% | 14.4% | 0.06 |
| VTRS Viatris | FY2025 | $14.3B | −3.0% | 35.1% | −18.6% | −24.6% | 13.5% | −23.9% | 0.98 |
| LH Labcorp | FY2025 | $14.0B | +7.2% | 28.8% | 9.9% | 6.3% | 8.6% | 10.2% | 0.65 |
Revenue, FY2021 to FY2025
Revenue as reported in the 10-K.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| GEHC Dec | $17.6B | $18.3B | $19.6B | $19.7B | $20.6B |
| BSX Dec | $11.9B | $12.7B | $14.2B | $16.7B | $20.1B |
| BDX Sep | $19.1B | $18.9B | $19.4B | $20.2B | $21.8B |
| UHS Dec | $12.6B | $13.4B | $14.3B | $15.8B | $17.4B |
| DHR Dec | $24.8B | $26.6B | $23.9B | $23.9B | $24.6B |
| IQV Dec | $13.9B | $14.4B | $15.0B | $15.4B | $16.3B |
| SYK Dec | $17.1B | $18.4B | $20.5B | $22.6B | $25.1B |
| REGN Dec | $16.1B | $12.2B | $13.1B | $14.2B | $14.3B |
| VTRS Dec | $17.9B | $16.3B | $15.4B | $14.7B | $14.3B |
| LH Dec | $11.9B | - | $12.2B | $13.0B | $14.0B |
| Peer median | $16.1B | $15.3B | $15.0B | $15.8B | $17.4B |
Sales growth, FY2021 to FY2025
Revenue against the fiscal year before.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| GEHC Dec | - | +4.3% | +6.6% | +0.6% | +4.8% |
| BSX Dec | +19.9% | +6.7% | +12.3% | +17.6% | +19.9% |
| BDX Sep | +19.0% | −1.4% | +2.7% | +4.2% | +8.2% |
| UHS Dec | +9.4% | +6.0% | +6.6% | +10.8% | +9.7% |
| DHR Dec | +32.2% | +7.4% | −10.3% | −0.1% | +2.9% |
| IQV Dec | +22.1% | +3.9% | +4.0% | +2.8% | +5.9% |
| SYK Dec | +19.2% | +7.8% | +11.1% | +10.2% | +11.2% |
| REGN Dec | +89.1% | −24.3% | +7.8% | +8.3% | +1.0% |
| VTRS Dec | +50.7% | −9.0% | −5.1% | −4.5% | −3.0% |
| LH Dec | −9.7% | - | +2.5% | +7.0% | +7.2% |
| Peer median | +19.9% | +4.9% | +4.0% | +7.0% | +7.2% |
Gross margin, FY2021 to FY2025
Gross profit / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| GEHC Dec | 40.8% | 39.1% | 40.5% | 41.7% | 40.0% |
| BSX Dec | 68.8% | 68.8% | 69.5% | 68.6% | 69.0% |
| BDX Sep | - | - | - | - | - |
| UHS Dec | - | - | - | - | - |
| DHR Dec | 61.4% | 60.8% | 58.7% | 59.5% | 59.1% |
| IQV Dec | - | - | - | - | - |
| SYK Dec | 64.1% | 62.8% | 63.7% | 63.9% | 64.0% |
| REGN Dec | - | - | - | - | - |
| VTRS Dec | 31.2% | 40.0% | 41.7% | 38.2% | 35.1% |
| LH Dec | 31.3% | - | 27.7% | 27.9% | 28.8% |
| Peer median | 61.4% | 61.8% | 58.7% | 59.5% | 59.1% |
Operating margin, FY2021 to FY2025
Operating income / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| GEHC Dec | 15.9% | 13.8% | 12.5% | 13.3% | 13.4% |
| BSX Dec | 10.1% | 13.0% | 16.5% | 15.5% | 18.0% |
| BDX Sep | 11.8% | 12.1% | 10.9% | 11.9% | 11.8% |
| UHS Dec | 10.8% | 7.5% | 8.2% | 10.6% | 11.5% |
| DHR Dec | 25.7% | 28.3% | 21.8% | 20.4% | 19.1% |
| IQV Dec | 10.0% | 12.5% | 13.2% | 14.3% | 13.4% |
| SYK Dec | 15.1% | 15.4% | 19.0% | 16.3% | 19.5% |
| REGN Dec | 55.7% | 38.9% | 30.9% | 28.1% | 24.9% |
| VTRS Dec | −0.2% | 9.9% | 5.0% | 0.1% | −18.6% |
| LH Dec | 12.1% | - | 6.0% | 8.4% | 9.9% |
| Peer median | 11.8% | 12.7% | 13.2% | 14.3% | 13.4% |
Net margin, FY2021 to FY2025
Net income / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| GEHC Dec | 12.8% | 10.4% | 8.0% | 10.1% | 10.1% |
| BSX Dec | 8.3% | 5.1% | 11.0% | 11.1% | 14.4% |
| BDX Sep | 10.9% | 9.4% | 7.7% | 8.4% | 7.7% |
| UHS Dec | 7.8% | 5.0% | 5.0% | 7.2% | 8.6% |
| DHR Dec | 25.9% | 27.1% | 19.9% | 16.3% | 14.7% |
| IQV Dec | 7.0% | 7.6% | 9.1% | 8.9% | 8.3% |
| SYK Dec | 11.7% | 12.8% | 15.4% | 13.2% | 12.9% |
| REGN Dec | 50.2% | 35.6% | 30.1% | 31.1% | 31.4% |
| VTRS Dec | −7.1% | 12.8% | 0.4% | −4.3% | −24.6% |
| LH Dec | 10.8% | - | 3.4% | 5.7% | 6.3% |
| Peer median | 10.8% | 11.1% | 9.1% | 8.9% | 8.6% |
Free cash flow, FY2021 to FY2025
Cash from operations minus capital spending.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| GEHC Dec | $1.4B | $1.8B | $1.7B | $1.6B | $1.5B |
| BSX Dec | $1.3B | $938.0M | $1.8B | $2.6B | $3.7B |
| BDX Sep | $3.5B | $1.5B | $2.1B | $3.1B | $2.7B |
| UHS Dec | $28.0M | $262.0M | $524.7M | $1.1B | $849.2M |
| DHR Dec | $7.1B | $7.4B | $5.8B | $5.3B | $5.3B |
| IQV Dec | $2.3B | $1.6B | $1.5B | $2.1B | $2.1B |
| SYK Dec | $2.7B | $2.0B | $3.1B | $3.5B | $4.3B |
| REGN Dec | $6.5B | $4.4B | $3.9B | $3.7B | $4.1B |
| VTRS Dec | $2.6B | $2.6B | $2.5B | $2.0B | $1.9B |
| LH Dec | $1.5B | - | $874.1M | $1.1B | $1.2B |
| Peer median | $2.6B | $1.8B | $2.1B | $2.6B | $2.7B |
FCF margin, FY2021 to FY2025
Free cash flow / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| GEHC Dec | 7.7% | 9.9% | 8.8% | 7.9% | 7.3% |
| BSX Dec | 11.1% | 7.4% | 12.6% | 15.8% | 18.2% |
| BDX Sep | 18.0% | 7.9% | 10.9% | 15.5% | 12.2% |
| UHS Dec | 0.2% | 2.0% | 3.7% | 7.1% | 4.9% |
| DHR Dec | 28.7% | 27.8% | 24.2% | 22.2% | 21.4% |
| IQV Dec | 16.6% | 11.0% | 10.0% | 13.7% | 12.6% |
| SYK Dec | 16.0% | 11.0% | 15.3% | 15.4% | 17.1% |
| REGN Dec | 40.6% | 36.3% | 29.5% | 25.8% | 28.4% |
| VTRS Dec | 14.3% | 15.9% | 16.4% | 13.4% | 13.5% |
| LH Dec | 12.9% | - | 7.2% | 8.4% | 8.6% |
| Peer median | 16.0% | 11.0% | 12.6% | 15.4% | 13.5% |
Return on equity, FY2021 to FY2025
Net income / shareholders' equity at the year end.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| GEHC Dec | 13.5% | 20.5% | 22.0% | 23.6% | 20.1% |
| BSX Dec | 5.9% | 3.7% | 8.1% | 8.5% | 12.0% |
| BDX Sep | 8.8% | 7.0% | 5.8% | 6.6% | 6.6% |
| UHS Dec | 16.3% | 11.4% | 11.7% | 17.1% | 20.5% |
| DHR Dec | 14.2% | 14.4% | 8.9% | 7.9% | 6.9% |
| IQV Dec | 16.0% | 18.9% | 22.2% | 22.6% | 20.9% |
| SYK Dec | 13.4% | 14.2% | 17.0% | 14.5% | 14.5% |
| REGN Dec | 43.0% | 19.1% | 15.2% | 15.0% | 14.4% |
| VTRS Dec | −6.2% | 9.9% | 0.3% | −3.4% | −23.9% |
| LH Dec | 12.7% | - | 5.3% | 9.3% | 10.2% |
| Peer median | 13.4% | 12.8% | 8.9% | 9.3% | 12.0% |
Debt / equity, FY2021 to FY2025
Total debt / shareholders' equity at the year end.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| GEHC Dec | - | 0.88 | 1.46 | 1.24 | 1.01 |
| BSX Dec | 0.55 | 0.51 | 0.47 | 0.49 | 0.47 |
| BDX Sep | 0.74 | 0.64 | 0.62 | 0.78 | 0.76 |
| UHS Dec | 0.69 | 0.81 | 0.80 | 0.68 | 0.66 |
| DHR Dec | 0.49 | 0.40 | 0.38 | 0.33 | 0.35 |
| IQV Dec | 2.01 | 2.21 | 2.24 | 2.30 | 2.42 |
| SYK Dec | 0.84 | 0.71 | 0.59 | 0.59 | 0.66 |
| REGN Dec | 0.11 | 0.09 | 0.08 | 0.07 | 0.06 |
| VTRS Dec | 1.13 | 0.91 | 0.89 | 0.75 | 0.98 |
| LH Dec | 0.53 | - | 0.64 | 0.79 | 0.65 |
| Peer median | 0.69 | 0.67 | 0.62 | 0.68 | 0.66 |
EPS (diluted), FY2021 to FY2025
Diluted earnings per share, on today's share count after splits.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| GEHC Dec | $4.95 | $4.22 | $3.03 | $4.34 | $4.55 |
| BSX Dec | $0.69 | $0.45 | $1.07 | $1.25 | $1.94 |
| BDX Sep | $6.85 | $5.88 | $4.94 | $5.86 | $5.82 |
| UHS Dec | $11.82 | $9.14 | $10.23 | $16.82 | $23.10 |
| DHR Dec | $8.61 | $9.66 | $6.38 | $5.29 | $5.05 |
| IQV Dec | $4.95 | $5.72 | $7.29 | $7.49 | $7.84 |
| SYK Dec | $5.21 | $6.17 | $8.25 | $7.76 | $8.40 |
| REGN Dec | $71.97 | $38.22 | $34.77 | $38.34 | $41.48 |
| VTRS Dec | −$1.05 | $1.71 | $0.05 | −$0.53 | −$3.00 |
| LH Dec | $13.97 | - | $4.77 | $8.84 | $10.46 |
| Peer median | $6.85 | $6.03 | $6.38 | $7.49 | $7.84 |
Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out GEHC and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →
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