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Baxter International BAX Variable lease income

Variable lease income at other companies

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$500K0.0%

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$13.96B+20.8%
Enterprise value$12.17B+20.5%
P/S1.2×+0.2×

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:VariableLeaseIncome.

The source filing: Baxter International’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:50 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-028962
(in millions)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Sales-type lease revenue$3$8
Operating lease revenue9091
Variable lease revenue77
Total lease revenue$100$106

Item 1. Financial Statements (unaudited)

FAQ

What is Baxter International's variable lease income?
Baxter International (BAX) reported variable lease income of $7M in Q1 2026.
How has Baxter International's variable lease income changed year-over-year?
Baxter International's variable lease income decreased by 0.0% year-over-year, from $7M to $7M.
What is the long-term trend for Baxter International's variable lease income?
Over 3 years (2021 to 2025), Baxter International's variable lease income has grown at a -30.1% compound annual growth rate (CAGR), from $79M to $27M.
What does variable lease income mean?
Represents revenue generated from lease agreements that is contingent upon future performance or usage metrics, such as sales volume or equipment utilization rates. This income fluctuates based on the lessee's activity rather than being a fixed periodic payment.

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