Company Analysis

Boston Scientific Corp. (BSX)

NYSE: BSX · Surgical & Medical Instruments & Apparatus · Marlborough, MA · filing with the SEC since 1995
Grade6.2
◀ Past 5.6● Present 6.6▶ Future 6.3

The grade of Boston Scientific Corp.

Nine metrics read from its own filings, by tense
Headline grade
6.2/10
◀ Past5.630% of the headline
● Present6.640% of the headline
▶ Future6.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.6/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
5.5/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2026-09-08.

weight 33% of this tense · 55th percentile among 121 sector filers · read for itself

From the record

Boston Scientific Corp.'s filings since 2017 show 1 warning event: a material cybersecurity incident (8-K item 1.05, the latest 2026-09-08) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.9/10

What has it actually done, year after year?

+10.2% a year over 10 filed years; profitable in 9 of 10.

weight 45% of this tense · 59th percentile among 105 sector filers · read for its customers

From the record

Boston Scientific Corp.'s 10 filed years say what it did: revenue went from $8.4 billion in fiscal 2016 to $20 billion in fiscal 2025, up 10.2% a year; it rose in 8 of 9 years; the deepest fall was 8% from fiscal 2019 to fiscal 2020; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span10.2%bottom 35% of its family
  • the share of years revenue rosetop 36% of its family
  • the share of filed years with a profittop 15% of its family
  • the deepest fall from a revenue peak7.7%top 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.0/10

How has it treated the people who own it?

Share count grew 1.3% a year. 0% of cash flow returned. Insiders: 3 sales, 10 purchases.

weight 22% of this tense · 50th percentile among 40 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Boston Scientific Corp.'s diluted share count grew about 1.3% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 3 sales (3 under scheduled 10b5-1 plans) and 10 purchases of their own stock on the open market in the year to 2026-11-06, buying about $10 million (their Form 4 filings).

What it rests on

  • the share count over the yearstop 27% of its family
  • cash returned against operating cash flowbottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.6/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
6.6/10

Is it financially healthy right now?

ROE 12%: 12¢ of profit per shareholder dollar. Leverage 44%: owes 44¢ per asset dollar.

weight 45% of this tense · 66th percentile among 120 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Boston Scientific Corp. earned about 12 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 32 cents per dollar of everything the company owns. Leverage: it owed about 44 cents per dollar of assets, and net share issuance: its share count grew 0.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 46% of its family
  • return on equitytop 16% of its family
  • gross profit against assetsbottom 47% of its family
  • the share count against the year beforetop 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.0/10

How strong is its position in its industry?

top 20% of 109 in its family; net margin 14.4%.

weight 33% of this tense · 80th percentile among 109 sector filers · read for its customers

From the record

Boston Scientific Corp.'s standing among 109 graded names in its industry family: revenue of $20 billion in fiscal 2025 ranks in the top 4% by size; a net margin of 14.4% ranks in the top 12%; revenue growth of 16.5% a year over the last 3 filed years ranks in the top 45% (its annual reports).

What it rests on

  • revenue against the family$20.07Btop 4% of its family
  • net margin14.4%top 12% of its family
  • three-year revenue growth16.5%top 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.6/10

What are the people in charge doing?

bottom 46% of 91 in its family for leadership; chief executive since 2012.

weight 22% of this tense · 46th percentile among 91 sector filers · read for its shareholders

From the record

Boston Scientific Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Mahoney, Michael F (Chairman, President & CEO, as filed), filing under that title since 2012-11-05, 14 years (top 6% of its family); the 17 officers and directors filing in the last fifteen months have been on the record a median of 3.4 years (bottom 17%); 14 officer or director changes were reported on Form 8-K since 2023-11-13, against the 17 people in charge now (bottom 28%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge14 in three years among 17 peoplebottom 28% of its family
  • the median years the people in charge have filed3.4 yearsbottom 17% of its family
  • the chief executive's years on the record14.0 yearstop 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.5/10

How much room does it have to grow?

top 45% of 104 in its family for room to expand.

weight 45% of this tense · 55th percentile among 104 sector filers · read for itself

From the record

Boston Scientific Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $2.0 billion against debt of $11 billion leaves -21% of its assets as net cash, bottom 17% of its family; cash from operations less capital spending is 18.2% of revenue (top 10%); a gross margin of 69% (top 33%); research spending of 10.2% of revenue (bottom 45%) (its annual report).

What it rests on

  • cash less debt against assets-21.0%bottom 17% of its family
  • cash from operations less capital spending against revenue18.2%top 10% of its family
  • gross margin69.0%top 33% of its family
  • research spending against revenue10.2%bottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.3/10

What could actually drive growth from here?

top 27% of 105 in its family for growth drivers.

weight 33% of this tense · 73rd percentile among 105 sector filers · read for its customers

From the record

Boston Scientific Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew 16.5% a year over the last three filed years against 10.2% over all 10, speeding up (top 16% of its family); the newest year grew 19.9% (top 33%); research spending grew 15.8% a year (top 26%); capital spending grew 14.2% a year (top 32%) (its annual reports). Boston Scientific Corp. reported 2 lines of business in fiscal 2025: Cardiovascular at $13 billion, Medsurg at $6.8 billion. 2 of 2 grew in the latest filed year, and the largest line is 66% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span+6.4 points a yeartop 16% of its family
  • the newest year's revenue growth19.9%top 33% of its family
  • three-year growth of research spending15.8%top 26% of its family
  • three-year growth of capital spending14.2%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.7/10

Did its newest year beat what its own record pointed to?

top 33% of 88 in its family for expectations against reality.

weight 22% of this tense · 67th percentile among 88 sector filers · read for its shareholders

From the record

Boston Scientific Corp.'s newest year against its own record: revenue of $20 billion in fiscal 2025 came in 4.3% above the $19 billion its prior three years' pace pointed to (top 26% of its family); net income of $2.9 billion against a prior three-year average of $1.4 billion (top 14%); a net margin of 14.4% against 9.2% before (bottom 40%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace4.3%top 26% of its family
  • net income against the prior three years' average+110%top 14% of its family
  • net margin against its prior average+5.2 pointsbottom 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BSX · research, not advice