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Baxter International BAX Reportable Segment — Product-related reserves

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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$14.13B+22.3%
Enterprise value$12.33B+22.1%
P/S1.3×+0.2×

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 bax:ProductRelatedIncomeLoss.

The source filing: Baxter International’s 10-K, filed February 12, 2026.

Filed
Feb 12, 2026, 4:46 PM EST
Fiscal year
FY2025
Accession
0001628280-26-007733
for the years ended December 31 (in millions)202520242023
Separation-related costs(58)
Legal matters(11)(17)(7)
Acquisition and integration items(27)(23)
Product-related reserves(113)(15)
Hurricane Helene Costs(133)(110)
Goodwill impairments(485)(425)
Gain on sale of long-lived asset16
Total operating income (loss)(308)14707

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Baxter International's reportable segment — product-related reserves?
Baxter International (BAX) reported reportable segment — product-related reserves of -$28.25M in Q4 2025.
How has Baxter International's reportable segment — product-related reserves changed year-over-year?
Baxter International's reportable segment — product-related reserves decreased by 653.3% year-over-year, from -$3.75M to -$28.25M.
What is the long-term trend for Baxter International's reportable segment — product-related reserves?
Over 3 years (2022 to 2025), Baxter International's reportable segment — product-related reserves has grown at a 36.9% compound annual growth rate (CAGR), from -$44M to -$113M.
What does reportable segment — product-related reserves mean?
This represents provisions set aside for potential future costs related to product quality issues, recalls, or warranty claims. It reflects the company's estimate of liabilities associated with ensuring product safety and meeting quality standards.

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