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Baxter International BAX Effective Income Tax Rate Reconciliation Tax Credits Research

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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:EffectiveIncomeTaxRateReconciliationTaxCreditsResearch.

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 effective income tax rate reconciliation tax credits research?
Baxter International (BAX) reported effective income tax rate reconciliation tax credits research of -3.6% in Q4 2025.
What does effective income tax rate reconciliation tax credits research mean?
The tax savings achieved through research and development tax credits.
How do you interpret effective income tax rate reconciliation tax credits research?
An increase indicates higher utilization of R&D tax incentives, potentially lowering the effective tax rate.
How does effective income tax rate reconciliation tax credits research compare across companies?
Common in technology and life sciences sectors where R&D investment is a core business driver.