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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	30.1%-7.4pp	37.5%+14.7pp	22.7%-11.8pp	34.5%-4.4pp
Operating margin	-2.7%—	——	5.7%+24.8pp	-19.1%-30.2pp
Net margin	-8.5%-2.4pp	-6.1%-31.7pp	25.6%+42.4pp	-16.8%-27.3pp
EBITDA margin	6%-7.1pp	13.1%-2.2pp	15.2%+26.9pp	-11.7%-29.9pp
Free cash flow margin	3%-2.4pp	5.4%-7.1pp	12.5%+6.7pp	5.7%-6.9pp
Returns
Return on equity	-14.6%-6.2pp	-8.4%-45.8pp	37.3%+70.0pp	-32.6%-47.1pp
Return on assets	-4.2%-1.8pp	-2.4%-11.8pp	9.4%+17.3pp	-7.9%-12.7pp
Return on invested capital	-2.7%-5.0pp	2.3%+0.5pp	1.7%+14.2pp	-12.4%-21.4pp
Efficiency
Asset turnover	0.5×+0.1×	0.4×0.0×	0.4×-0.1×	0.5×0.0×
Inventory turnover	3.7×+0.3×	3.4×-0.1×	3.5×+0.7×	2.8×-0.6×
Liquidity
Current ratio	2.3×+1.0×	1.4×-0.1×	1.5×-0.2×	1.7×-0.4×
Quick ratio	1.6×+0.5×	1×-0.1×	1.2×+0.1×	1.1×-0.4×
Cash ratio	0.7×+0.4×	0.3×-0.2×	0.5×+0.1×	0.4×-0.3×
Leverage
Debt-to-equity	0.1×-1.8×	1.8×+0.5×	1.4×-1.4×	2.8×+0.8×
Debt-to-assets	0×-0.5×	0.5×+0.1×	0.4×-0.2×	0.6×0.0×
Net debt / EBITDA	-2.4×-10.4×	8×+2.7×	5.3×—	——
Interest coverage	-1.1×-1.8×	0.7×0.0×	0.8×+7.5×	-6.7×-13.2×
Per Share
Book value per share	$11.95-12.5%	$13.65-17.4%	$16.54+42.9%	$11.57-35.2%
Valuation
Market capitalization	$9.82B-34.0%	$14.89B-24.1%	$19.61B-23.7%	$25.7B-40.2%
Enterprise value	$8.19B-68.5%	$25.97B-7.3%	$28B-30.2%	$40.14B-31.0%
Price / sales	0.9×-0.5×	1.4×-0.5×	1.9×+0.1×	1.8×-1.8×
Price / book	1.6×-0.5×	2.1×-0.2×	2.3×-2.1×	4.4×-0.3×
EV / EBITDA	12.2×-6.5×	18.7×+0.9×	17.7×—	——
EV / sales	0.7×-1.7×	2.4×-0.3×	2.7×-0.1×	2.8×-2.0×
Free cash flow yield	3.4%-0.5pp	3.8%-2.7pp	6.6%+3.4pp	3.2%-0.3pp
Earnings yield	-9.7%-5.4pp	-4.4%-17.9pp	13.5%+23.0pp	-9.5%-12.5pp
Dividend yield	3.5%-0.4pp	4%+1.0pp	3%+0.8pp	2.2%+1.0pp

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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.