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Discontinued — last reported Q4 '25

Free cash flow at other companies

Becton, Dickinson and Company logo
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$633M-54.7%
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$1.06B+14.1%
KORU Medical Systems logo
KORU Medical SystemsKRMD
$108.21K+122%
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The Cooper Companies, Inc. logo
The Cooper Companies, Inc.COO

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%

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

Calculated from Baxter International’s reported figures.

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

Filed
Feb 12, 2026, 4:46 PM EST
Fiscal year
FY2025
Accession
0001628280-26-007733

FAQ

What is Baxter International's free cash flow?
Baxter International (BAX) reported free cash flow of $83M in Q4 2025.
How has Baxter International's free cash flow changed year-over-year?
Baxter International's free cash flow decreased by 42.1% year-over-year, from $143.25M to $83M.
What is the long-term trend for Baxter International's free cash flow?
Over 4 years (2021 to 2025), Baxter International's free cash flow has grown at a -31.8% compound annual growth rate (CAGR), from $1.53B to $332M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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