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Baxter International BAX Tax holiday income tax benefits

Tax holiday income tax benefits at other companies

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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:IncomeTaxHolidayAggregateDollarAmount.

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 tax holiday income tax benefits?
Baxter International (BAX) reported tax holiday income tax benefits of $14.25M in Q4 2025.
How has Baxter International's tax holiday income tax benefits changed year-over-year?
Baxter International's tax holiday income tax benefits decreased by 67.6% year-over-year, from $44M to $14.25M.
What is the long-term trend for Baxter International's tax holiday income tax benefits?
Over 2 years (2023 to 2025), Baxter International's tax holiday income tax benefits has grown at a -46.6% compound annual growth rate (CAGR), from $200M to $57M.
What does tax holiday income tax benefits mean?
The total reduction in income tax expense resulting from government-granted tax incentives or holidays.
How do you interpret tax holiday income tax benefits?
Higher values indicate successful utilization of regional tax incentives, which lowers the effective tax rate and boosts net income.
How does tax holiday income tax benefits compare across companies?
Standard for global medical device and pharmaceutical companies operating in multiple international tax jurisdictions.