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Baxter International

BAX

Baxter International Inc. is a global medical technology leader that develops and manufactures a diverse portfolio of essential healthcare products and therapies.

Market cap
$11.19B-22.2%
Revenue$11.3B+5.1%
Net income-$1.1B-96.1%
EPS (diluted)-$2.14-96.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (In 5 days)
Revenue estimate$2.8B
EPS estimate$0.36

Financials

Q1 2026

Income statement

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Revenue$2.7B+2.9%
Gross profit$891.0M+3.5%
Operating income$66.0M+13.8%
Net income-$15.0M-112%
EPS (diluted)-$0.03-112%

Balance sheet

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Cash & equivalents$2.0B-12.1%
Total debt$224.0M-8.9%
Total equity$6.0B-14.7%
Total assets$19.8B-6.8%

Cash flow

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Operating cash flow$213.0M+210%

Valuation & ratios

Valuation

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Market cap$11.23B-22.2%
Enterprise value$9.43B-29.4%
P/S-0.4×

Profitability

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Gross margin30.1%-5.9pp
Operating margin-2.7%
Net margin-9.7%+62.5pp

Returns & leverage

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Return on equity-16.7%-76.7pp
Debt / equity0.0×
Current ratio1.9×-0.2×

Segments

By product

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Infusion Therapies & Technologies$981.0M-1.3%
Care & Connectivity Solutions$435.0M+1.9%
Drug Compounding$320.0M+30.1%
Advanced Surgery$304.0M+13.4%
Injectables & Anesthesia$301.0M-10.1%

By segment

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Medical Products & Therapies$1.3B+1.8%
Healthcare Systems & Technologies$705.0M+0.1%
Pharmaceuticals$621.0M+6.9%

By geography

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International$1.3B

Competitors

Profile

Baxter International Inc. is a global medical technology leader that develops and manufactures a diverse portfolio of essential healthcare products and therapies. The company focuses on critical care, surgical innovation, and diagnostic technologies, providing life-sustaining solutions used across the continuum of care from hospitals to home settings. Its value proposition centers on improving patient outcomes through integrated medical systems, advanced pharmaceuticals, and digital health solutions.

Competitive position

A leading global provider of medical supplies and equipment with a significant presence in over 100 countries and a dominant position in IV solutions and infusion technology.

GeographiesGlobal, North America, Europe, Asia-Pacific, Emerging Markets
Customer segmentsAcute Care Facilities, Post-Acute Care Providers, Primary Care Physicians, Home Care Patients
Business modelManufacturing, Direct Sales, Research and Development
SuppliersRaw Material Suppliers, Chemical Manufacturers, Electronic Component Suppliers, Specialized Logistics Providers
CustomersHospitals, Kidney Dialysis Centers, Nursing Homes, Home Healthcare Patients, Government Health Agencies
Listed1961
Employees60.0K
CEOAndrew Hider
Websitebaxter.com
FilingsSEC EDGAR

Questions, answered.

What is Baxter International's market cap?
Baxter International (BAX) has a market capitalization of $11.2B and trades on NYSE.
What is Baxter International's revenue and profitability?
Baxter International generated $11.3B in trailing twelve-month revenue with a net loss of $1.1B, representing a net margin of -9.7%. Gross margin stands at 30.1%. These figures are based on the Q1 2026 filing.
Who are Baxter International's competitors?
Baxter International's key competitors include Becton, Dickinson and Company, Medtronic plc, InfuSystem Holdings, Inc., and others. These companies compete in similar markets and product categories.
Who does Baxter International partner with?
Baxter International's notable partners include Carlyle Group Inc..
What subsidiaries does Baxter International have?
Baxter International's subsidiaries include Hill-Rom Holdings, Inc..
Where is Baxter International headquartered?
Baxter International is headquartered in United States of America and employs approximately 60,000 people. It has been publicly traded since 1961.