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Baxter International BAX Injectables & Anesthesia — Net Sales

Other product segments

Infusion Therapies & Technologies
$981M-1.3%
Care & Connectivity Solutions
$435M+1.9%
Drug Compounding
$320M+30.1%
Advanced Surgery
$304M+13.4%
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 injectables & anesthesia — net sales?
Baxter International (BAX) reported injectables & anesthesia — net sales of $301M in Q1 2026.
How has Baxter International's injectables & anesthesia — net sales changed year-over-year?
Baxter International's injectables & anesthesia — net sales decreased by 10.1% year-over-year, from $335M to $301M.
What is the long-term trend for Baxter International's injectables & anesthesia — net sales?
Over 3 years (2021 to 2025), Baxter International's injectables & anesthesia — net sales has grown at a -0.9% compound annual growth rate (CAGR), from $1.39B to $1.35B.
What does injectables & anesthesia — net sales mean?
The total revenue earned from selling injectable drugs and anesthesia products to healthcare providers.
How do you interpret injectables & anesthesia — net sales?
An increase indicates growing demand for the company's surgical and critical care pharmaceutical offerings or successful price realization, while a decrease may signal competitive pressure or reduced hospital procedure volumes.
How does injectables & anesthesia — net sales compare across companies?
Peers in the medical device and pharmaceutical space typically report this under specialized hospital supply or acute care segments, often benchmarked against broader hospital procedure volume trends.