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Gross margin at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
46.8%+2.5pp
Stryker logo
StrykerSYK
63.8%-0.1pp
The Cooper Companies, Inc. logo
The Cooper Companies, Inc.COO
65.5%-1.6pp
Medtronic logo
MedtronicMDT
65%-0.3pp
STERIS logo
STERISSTE
44.2%+0.2pp
Medline, Inc.
 logo
Medline, Inc. MDLN
27.4%+1.5pp

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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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.

Based on trailing twelve months.

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 gross margin?
Baxter International (BAX) reported gross margin of 30.1% in Q1 2026.
How has Baxter International's gross margin changed year-over-year?
Baxter International's gross margin decreased by 16.5% year-over-year, from 36.1% to 30.1%.
What is the long-term trend for Baxter International's gross margin?
Over 5 years (2020 to 2025), Baxter International's gross margin has grown at a -5.2% compound annual growth rate (CAGR), from 39.3% to 30.1%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.