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Baxter International BAX Rest of world — Net Sales

Discontinued — last reported Q4 '25

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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-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Baxter International's rest of world — net sales?
Baxter International (BAX) reported rest of world — net sales of $1.02B in Q4 2025.
How has Baxter International's rest of world — net sales changed year-over-year?
Baxter International's rest of world — net sales increased by 14.5% year-over-year, from $894M to $1.02B.
What is the long-term trend for Baxter International's rest of world — net sales?
Over 3 years (2021 to 2025), Baxter International's rest of world — net sales has grown at a -3.9% compound annual growth rate (CAGR), from $4.2B to $3.73B.
What does rest of world — net sales mean?
Total revenue generated from the company's operations in international markets outside of its primary domestic region.
How do you interpret rest of world — net sales?
An increase suggests successful market penetration or growing demand for medical products in international territories, while a decrease may signal competitive pressure, regulatory hurdles, or unfavorable macroeconomic conditions in those regions.
How does rest of world — net sales compare across companies?
Comparable to 'International Revenue' or 'Revenue by Geography' reported by other multinational medical device and healthcare equipment manufacturers.