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Baxter International BAX Q1 2025 earnings

Reported May 1, 2025 · Before market open

Revenue$2.6BBeat by $37.5M
EPS$0.55Beat by $0.07
Revenue estimate$2.6B
EPS estimate$0.48

Next report

Oct 29, 2026 (in a month)
Revenue estimate$2.9B
EPS estimate$0.52

Financials

Q1 2025

Income statement

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Revenue$2.6B+5.4%
Gross profit$861.0M-10.4%
Operating income$58.0M-49.6%
Net income$126.0M+241%
EPS (diluted)$0.25+257%

Balance sheet

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Cash & equivalents$2.3B-18.9%
Total debt$246.0M-98.3%
Total equity$7.1B-13.4%
Total assets$21.3B-23.3%

Cash flow

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Operating cash flow-$193.0M-218%
CapEx$128.3M+15.0%
Free cash flow$83.0M-42.1%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$17.56B-19.3%
Enterprise value$15.51B-53.2%
P/S1.6×-0.5×

Profitability

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Gross margin36.1%+6.2pp
Net margin-5.2%-30.6pp
FCF margin4.8%-6.1pp

Returns & leverage

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Return on equity-7.3%-45.0pp
Debt / equity0×-1.7×
Current ratio2×+0.5×

Segments

By product

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Infusion Therapies & Technologies$994.0M+2.9%
Care & Connectivity Solutions$427.0M+6.2%
Injectables & Anesthesia$335.0M+2.1%
Front Line Care$277.0M+4.5%
Advanced Surgery$268.0M+1.9%

By segment

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Medical Products & Therapies$1.3B+2.7%
Healthcare Systems & Technologies$704.0M+5.5%
Pharmaceuticals$581.0M+0.5%

FAQ

When did Baxter International report Q1 2025 earnings?
Baxter International (BAX) reported Q1 2025 earnings on May 1, 2025 before market open.
What were Baxter International's Q1 2025 revenue and EPS?
Baxter International reported revenue of $2.6B and eps of $0.55 for Q1 2025.
Did Baxter International beat estimates in Q1 2025?
Revenue beat the consensus estimate of $2.6B by $37.5M. EPS beat the consensus estimate of $0.48 by $0.07.
How did Baxter International's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 26.9% from $3.6B a year earlier and eps declined 15.4% from $0.65.
Where can I find Baxter International's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001628280-25-021320) and the 10-Q periodic report (0001628280-25-022727) directly on SEC EDGAR. The filing index links above go to sec.gov.