HIGHOutside partySupplier
sole sourced
“10-K Item 1: 'there are situations where raw materials and components may only be obtained from one supplier, which are referred to as sole sourced'”
BDX · Concentration risk · 10-K extracted
Becton, Dickinson and (BDX) concentration risks
Updated
The most significant concentration Becton, Dickinson and discloses is sole sourced, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Becton, Dickinson and’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
international operations
“10-K Item 1A: 'A substantial amount of our sales come from our operations outside the U.S.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile spans two dimensions — supply chain and geographic reach — that reflect the inherent complexity of a large, globally distributed medical technology manufacturer. On the supply side, there are situations where raw materials and components may only be obtained from one supplier — a high-share structural exposure by disclosed size. Sole-sourced inputs in a regulated device manufacturing context carry elevated risk because regulatory-approval requirements for alternate sourcing can extend substitution timelines well beyond what commodity manufacturers face; a sole-source disruption therefore has a longer tail than a standard supply-chain interruption. The geographic exposure is medium-share and structural: a substantial amount of sales come from operations outside the U.S., with international operations spanning multiple regions. This reflects deliberate global market positioning rather than reliance on any single country. Currency translation, country-specific regulatory requirements, and geopolitical trade conditions are the principal channels through which international concentration affects results. Taken together, the two exposures sit on opposite ends of the idiosyncratic-versus-structural spectrum. The sole-sourced component risk is the more actionable of the two because disruptions there are specific and can occur without macro warning. The international revenue exposure is diffuse and moves with broad macro and foreign-exchange cycles. Investors should track the depth of sole-sourcing in the manufacturing base and whether the company is actively qualifying alternate suppliers as a mitigation against that high-share dependency.
For the engine’s reasoning on BDX’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Medical Instruments & Supplies
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BLCO | Bausch + Lomb Corporation | 2 | 0 | 0 | 2 |
| BAX | Baxter International Inc. | 1 | 2 | 0 | 3 |
| ATR | AptarGroup, Inc. | 1 | 1 | 0 | 2 |
| BDX● | Becton, Dickinson and Company | 1 | 1 | 0 | 2 |
| ALGN | Align Technology, Inc. | 1 | 0 | 0 | 1 |
| AVTR | Avantor, Inc. | 1 | 0 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.