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Net margin at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
5.3%-2.1pp
Stryker logo
StrykerSYK
13.2%+0.9pp
The Cooper Companies, Inc. logo
The Cooper Companies, Inc.COO
5.6%-4.8pp
Medtronic logo
MedtronicMDT
13.2%-0.7pp
STERIS logo
STERISSTE
13.2%+1.9pp
Medline, Inc.
 logo
Medline, Inc. MDLN
4.6%+2.7pp

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%
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 net margin?
Baxter International (BAX) reported net margin of -9.7% in Q1 2026.
How has Baxter International's net margin changed year-over-year?
Baxter International's net margin decreased by 86.6% year-over-year, from -5.2% to -9.7%.
What is the long-term trend for Baxter International's net margin?
Over 5 years (2020 to 2025), Baxter International's net margin has grown at a -2.1% compound annual growth rate (CAGR), from 9.4% to -8.5%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.