What are Baxter International's profit margins?

Baxter International (BAX) runs a 30.1% gross margin and a -2.7% operating margin, with a -9.7% net margin.

Where do Baxter International's ratios come from?

Every ratio is computed from Baxter International's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Baxter International BAX Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	30.1%-5.9pp	30.1%-7.4pp	34.1%-4.8pp	35.3%-4.2pp	36.1%+6.2pp
Operating margin	-2.7%—	-2.7%—	——	——	——
Net margin	-9.7%-4.5pp	-8.5%-2.4pp	-3.1%-4.1pp	-1.4%-25.0pp	-5.2%-30.6pp
Returns
Return on equity	-16.7%-9.4pp	-14.6%-6.2pp	-4.5%-5.9pp	-2.1%-39.6pp	-7.3%-45.0pp
Return on invested capital	-6.5%-9.2pp	-2.7%-5.0pp	2.9%-0.5pp	2.8%-0.5pp	2.7%+1.3pp
Efficiency
Asset turnover	0.6×+0.1×	0.5×+0.1×	0.5×+0.1×	0.5×+0.1×	0.4×+0.1×
Liquidity
Current ratio	1.9×-0.2×	2.3×+1.0×	1.8×+0.4×	2.3×+0.9×	2×+0.5×
Leverage
Debt-to-equity	0×0.0×	0.1×-1.8×	0×-1.6×	0×-1.7×	0×-1.7×
Net debt / EBITDA	-2.7×-1.1×	-2.4×-10.4×	-1.1×-7.8×	-1.1×-8.3×	-1.6×-9.0×
Per Share
Book value per share	$11.73-14.8%	$11.95-12.5%	$14.09-8.4%	$14.24-4.8%	$13.78-14.0%
Valuation
Market capitalization	$8.67B-50.6%	$9.82B-34.0%	$11.7B-39.6%	$15.7B-7.9%	$17.56B-19.3%
Price / sales	0.8×-0.9×	0.9×-0.5×	1.1×-0.8×	1.4×-0.2×	1.6×-0.5×
Price / book	1.4×-1.0×	1.6×-0.5×	1.6×-0.8×	2.1×-0.1×	2.5×-0.2×
EV / EBITDA	10.3×-1.6×	12.2×-6.5×	7.5×-10.1×	10.5×-7.1×	11.8×-9.9×
Dividend yield	3.1%0.0pp	3.5%-0.4pp	3.5%+0.4pp	3%-0.5pp	3%+0.3pp

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Questions, answered.

What are Baxter International's profit margins?: Baxter International (BAX) runs a 30.1% gross margin and a -2.7% operating margin, with a -9.7% net margin.
Where do Baxter International's ratios come from?: Every ratio is computed from Baxter International's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.