BSX · Operating margin
Computed from BSX's latest annual filing — every figure below is the filed value, cited to the filing, never estimated.
| Line item | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM* ended 2026-06-30 — derived: computed by Echelon from filed periods, not as filed |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,386 (accession 0000885725-19-000011) | 9,048 (accession 0000885725-20-000012) | 9,823 (accession 0000885725-21-000008) | 10,735 (accession 0000885725-22-000006) | 9,913 (accession 0000885725-23-000008) | 11,888 (accession 0000885725-24-000017) | 12,682 (accession 0000885725-25-000011) | 14,240 (accession 0000885725-26-000010) | 16,747 (accession 0000885725-26-000010) | 20,074 (accession 0000885725-26-000010) | 20,995 |
| YoY | +12.2% | +7.9% | +8.6% | +9.3% | -7.7% | +19.9% | +6.7% | +12.3% | +17.6% | +19.9% | — |
| Cost of revenue | 2,424 (accession 0000885725-19-000011) | 2,593 (accession 0000885725-20-000012) | 2,813 (accession 0000885725-21-000008) | 3,116 (accession 0000885725-22-000006) | 3,465 (accession 0000885725-23-000008) | 3,711 (accession 0000885725-24-000017) | 3,956 (accession 0000885725-25-000011) | 4,345 (accession 0000885725-26-000010) | 5,257 (accession 0000885725-26-000010) | 6,221 (accession 0000885725-26-000010) | 6,315 |
| YoY | +11.6% | +7% | +8.5% | +10.8% | +11.2% | +7.1% | +6.6% | +9.8% | +21% | +18.3% | — |
| Gross profit | 5,962 (accession 0000885725-19-000011) | 6,455 (accession 0000885725-20-000012) | 7,011 (accession 0000885725-21-000008) | 7,620 (accession 0000885725-22-000006) | 6,448 (accession 0000885725-23-000008) | 8,177 (accession 0000885725-24-000017) | 8,727 (accession 0000885725-25-000011) | 9,896 (accession 0000885725-26-000010) | 11,490 (accession 0000885725-26-000010) | 13,854 (accession 0000885725-26-000010) | 14,682 |
| YoY | +12.4% | +8.3% | +8.6% | +8.7% | -15.4% | +26.8% | +6.7% | +13.4% | +16.1% | +20.6% | — |
| Operating expenses | 5,515 (accession 0000885725-19-000011) | 5,170 (accession 0000885725-20-000012) | 5,504 (accession 0000885725-21-000008) | 6,102 (accession 0000885725-22-000006) | 6,528 (accession 0000885725-23-000008) | 6,978 (accession 0000885725-24-000017) | 7,078 (accession 0000885725-25-000011) | 7,553 (accession 0000885725-26-000010) | 8,887 (accession 0000885725-26-000010) | 10,241 (accession 0000885725-26-000010) | 10,531 |
| YoY | -1.3% | -6.3% | +6.5% | +10.9% | +7% | +6.9% | +1.4% | +6.7% | +17.7% | +15.2% | — |
| Operating income | 447 (accession 0000885725-19-000011) | 1,285 (accession 0000885725-20-000012) | 1,506 (accession 0000885725-21-000008) | 1,518 (accession 0000885725-22-000006) | -80 (accession 0000885725-23-000008) | 1,199 (accession 0000885725-24-000017) | 1,649 (accession 0000885725-25-000011) | 2,343 (accession 0000885725-26-000010) | 2,603 (accession 0000885725-26-000010) | 3,613 (accession 0000885725-26-000010) | 4,152 |
| YoY | +258% | +187.5% | +17.2% | +0.8% | -105.3% | +1598.8% | +37.5% | +42.1% | +11.1% | +38.8% | — |
| Net income | 347 (accession 0000885725-19-000011) | 104 (accession 0000885725-20-000012) | 1,671 (accession 0000885725-21-000008) | 4,700 (accession 0000885725-22-000006) | -82 (accession 0000885725-23-000008) | 1,041 (accession 0000885725-24-000017) | 698 (accession 0000885725-25-000011) | 1,592 (accession 0000885725-26-000010) | 1,846 (accession 0000885725-26-000010) | 2,892 (accession 0000885725-26-000010) | 3,669 |
| YoY | +245.2% | -70% | +1506.7% | +181.3% | -101.7% | +1369.5% | -32.9% | +128.1% | +16% | +56.7% | — |
| Diluted EPS | 0.25 (accession 0000885725-19-000011) | 0.08 (accession 0000885725-20-000012) | 1.19 (accession 0000885725-21-000008) | 3.33 (accession 0000885725-22-000006) | -0.08 (accession 0000885725-23-000008) | 0.69 (accession 0000885725-24-000017) | 0.45 (accession 0000885725-25-000011) | 1.07 (accession 0000885725-26-000010) | 1.25 (accession 0000885725-26-000010) | 1.94 (accession 0000885725-26-000010) | — |
| YoY | +238.9% | -68% | +1387.5% | +179.8% | -102.4% | +962.5% | -34.8% | +137.8% | +16.8% | +55.2% | — |
USD lines in millions; EPS per share. Annual columns are fiscal years, labeled by their period-end month (a filer's own fiscal label may differ). “—” is an honest gap: the filer did not tag that line for that period. *TTM (twelve months ended 2026-06-30) is computed from filed periods — latest fiscal year plus newer quarters minus their year-ago pairs; each line’s full trail rides the CSV export. Every column cites its accession in the export. Figures as filed via SEC EDGAR, never estimated.
Answers come strictly from BSX's 10-K filed 2026-02-17, and every answer links the exact passages it used. Questions asking what to do with the stock are refused — that's the point.
Operating income as a share of revenue — what remains after both the direct cost of sales and the operating expenses (R&D, sales & marketing, G&A) that run the business. It measures how much of the gross margin survives the cost of operating the company.
Operating margin = Operating income ÷ Revenue
Each one computed from the same filings and cited the same way.
Educational use only — not investment advice. Figures come from public SEC filings; Echelon teaches you to analyze data, it never recommends buying or selling any security.