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Baxter International BAX Operating Income

Operating Income at other companies

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$422M-26.1%

Segments

By segment

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Reportable Segment$298M-25.5%
Medical Products & Therapies$186M-23.8%
Healthcare Systems & Technologies$66M-29.0%
Pharmaceuticals$46M-27.0%

Other financials

Income statement

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Revenue$2.7B+2.9%
Gross profit$891.0M+3.5%
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:OperatingIncomeLoss.

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 operating income?
Baxter International (BAX) reported operating income of $66M in Q1 2026.
How has Baxter International's operating income changed year-over-year?
Baxter International's operating income increased by 13.8% year-over-year, from $58M to $66M.
What is the long-term trend for Baxter International's operating income?
Over 3 years (2021 to 2025), Baxter International's operating income has grown at a -38.9% compound annual growth rate (CAGR), from $1.35B to -$308M.
What does operating income mean?
Profit from core business activities before interest and taxes are considered.
How do you interpret operating income?
An increase shows improved operational efficiency and profitability, while a decrease indicates rising costs or declining core business performance.
How does operating income compare across companies?
The primary metric for comparing the core operational health of companies within the same industry.