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Baxter International BAX Advanced Surgery — Net Sales

Other product segments

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$981M-1.3%
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$435M+1.9%
Drug Compounding
$320M+30.1%
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$301M-10.1%
Front Line Care
$270M-2.5%

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Other financials

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

Valuation

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Market cap$10.27B-50.6%
Enterprise value$8.48B-55.6%
P/S0.9×-1.0×

Profitability

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Gross margin30.1%-5.9pp
Operating margin-2.7%
Net margin-9.7%+62.5pp
FCF margin3%-2.4pp

Returns & leverage

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

Where this comes from

Reported directly by Baxter International in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Baxter International’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Baxter International's advanced surgery — net sales?
Baxter International (BAX) reported advanced surgery — net sales of $304M in Q1 2026.
How has Baxter International's advanced surgery — net sales changed year-over-year?
Baxter International's advanced surgery — net sales increased by 13.4% year-over-year, from $268M to $304M.
What is the long-term trend for Baxter International's advanced surgery — net sales?
Over 4 years (2021 to 2025), Baxter International's advanced surgery — net sales has grown at a 5.2% compound annual growth rate (CAGR), from $977M to $1.2B.
What does advanced surgery — net sales mean?
The total revenue earned from selling advanced surgical products and equipment.
How do you interpret advanced surgery — net sales?
An increase indicates growing market adoption and successful commercialization of surgical technologies, while a decrease may signal competitive pressure or reduced procedure volumes.
How does advanced surgery — net sales compare across companies?
Comparable to surgical product revenue segments at major medical device manufacturers like Medtronic or Stryker.