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Medline, Inc.
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Medline, Inc. MDLN

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:CurrentFederalTaxExpenseBenefit.

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 federal?
Baxter International (BAX) reported federal of $29.5M in Q4 2025.
How has Baxter International's federal changed year-over-year?
Baxter International's federal increased by 521.1% year-over-year, from $4.75M to $29.5M.
What is the long-term trend for Baxter International's federal?
Over 4 years (2021 to 2025), Baxter International's federal has grown at a 81.0% compound annual growth rate (CAGR), from -$11M to $118M.
What does federal mean?
The amount of income tax currently owed to the federal government.
How do you interpret federal?
Higher values reflect higher taxable income, while lower values may indicate tax credits or lower profitability.
How does federal compare across companies?
Standard tax line item found in the income tax reconciliation note of most public companies.