Baxter International Inc. (BAX)
NYSE: BAX · Real-Time Price · USD
28.35
+0.25 (0.89%)
At close: Aug 4, 2026, 4:00 PM EDT
28.48
+0.13 (0.47%)
Pre-market: Aug 5, 2026, 7:10 AM EDT
Baxter International Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 11,470 | 11,244 | 10,636 | 10,360 | 10,057 | 12,146 |
Revenue Growth | 5.36% | 5.72% | 2.66% | 3.01% | -17.20% | 4.05% |
Gross Profit Gross Profit Growth | 3,450 | 3,379 | 3,984 | 4,150 | 3,549 | 4,720 |
Operating Income Operating Income Growth | -274 | -308 | 14 | 707 | -2,845 | 1,350 |
Net Income Net Income Growth | -1,063 | -957 | -649 | 2,656 | -2,433 | 1,284 |
Earnings Per Share EPS Growth | -2.07 | -1.87 | -1.27 | 5.23 | -4.83 | 2.53 |
EPS Growth | - | - | - | - | - | 18.78% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Infusion Therapies & Platforms Infusion Therapies & Platforms Growth | 5,444 | 4,101 | 4,103 | 3,960 | 3,817 | 3,844 |
Advanced Surgery Advanced Surgery Growth | 1,269 | 1,198 | 1,104 | 1,051 | 998 | 977 |
Care & Connectivity Solutions Care & Connectivity Solutions Growth | 1,947 | 1,911 | 1,814 | 1,800 | 1,791 | 142 |
Front Line Care Front Line Care Growth | 1,159 | 1,160 | 1,137 | 1,213 | 1,148 | 70 |
Injectables and Anesthesia Injectables and Anesthesia Growth | - | 1,352 | 1,373 | 1,347 | 1,305 | 1,390 |
Drug Compounding Drug Compounding Growth | - | 1,141 | 1,038 | 902 | 821 | 901 |
Other Other Growth | 351 | 381 | 67 | 87 | 177 | 140 |
Revenue (Total) Revenue (Total) Growth | 11,470 | 11,244 | 10,636 | 10,360 | 10,057 | 12,146 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 2,150 | 1,966 | 1,764 | 3,078 | 1,718 | 2,951 |
Total Debt Total Debt Growth | 9,667 | 9,699 | 13,369 | 14,021 | 17,083 | 18,182 |
Net Cash (Debt) Net Cash Growth | -7,517 | -7,733 | -11,605 | -10,943 | -15,365 | -15,231 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -14.59 | -15.07 | -22.75 | -21.54 | -30.49 | -29.98 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 1,319 | 845 | 1,019 | 1,726 | 1,211 | 2,222 |
Capital Expenditures CapEx Growth | -504 | -513 | -446 | -432 | -377 | -691 |
Free Cash Flow Free Cash Flow Growth | 815 | 332 | 573 | 1,294 | 834 | 1,531 |
Free Cash Flow Growth | 243.88% | -42.06% | -55.72% | 55.16% | -45.53% | 32.10% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Gross Margin | 30.08% | 30.05% | 37.46% | 40.06% | 35.29% | 38.86% |
Operating Margin | -2.39% | -2.74% | 0.13% | 6.82% | -28.29% | 11.11% |
Pretax Margin | -4.21% | -4.49% | -2.72% | 2.34% | -32.30% | 9.19% |
Profit Margin | -8.44% | -8.00% | -3.07% | 1.75% | -30.95% | 8.50% |
FCF Margin | 7.11% | 2.95% | 5.39% | 12.49% | 8.29% | 12.61% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 5, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share Dividend Per Share Growth | 0.040 | 0.520 | 1.040 | 1.160 | 1.150 | 1.085 |
Dividend Per Share Growth | -94.12% | -50.00% | -10.35% | 0.87% | 5.99% | 13.61% |
Dividend Yield | 0.14% | 3.55% | 3.97% | 3.00% | 2.23% | 1.23% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 5, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | - | - | - | 7.39 | - | 33.93 |
Forward PE | 13.47 | 8.68 | 12.71 | 12.91 | 14.37 | 20.19 |
P/FCF Ratio | 17.98 | 29.60 | 26.00 | 15.17 | 30.83 | 28.12 |
PS Ratio | 1.28 | 0.87 | 1.40 | 1.89 | 2.56 | 3.55 |