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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM 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
Net margin	-9.7%-4.5pp	-8.5%-2.4pp	-3.1%-4.1pp	-1.4%-25.0pp	-5.2%-30.6pp
EBITDA margin	5.9%-6.2pp	6%-7.1pp	12.3%-4.4pp	12.4%-3.1pp	12.2%-2.5pp
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 assets	-5.3%-3.1pp	-4.2%-1.8pp	-1.4%-1.8pp	-0.7%-9.8pp	-2.3%-11.7pp
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×
Inventory turnover	3.5×+0.9×	3.7×+0.3×	3.2×+0.6×	2.6×+0.5×	2.7×+0.2×
Liquidity
Current ratio	1.9×-0.2×	2.3×+1.0×	1.8×+0.4×	2.3×+0.9×	2×+0.5×
Quick ratio	1.2×-0.2×	1.6×+0.5×	1.2×+0.1×	1.5×+0.6×	1.4×+0.4×
Cash ratio	0.5×-0.1×	0.7×+0.4×	0.5×+0.2×	0.6×+0.3×	0.7×+0.2×
Leverage
Debt-to-equity	0×0.0×	0.1×-1.8×	0×-1.6×	0×-1.7×	0×-1.7×
Debt-to-assets	0×0.0×	0×-0.5×	0×-0.5×	0×-0.5×	0×-0.5×
Net debt / EBITDA	-2.7×-1.1×	-2.4×-10.4×	-1.1×-7.8×	-1.1×-8.3×	-1.6×—
Interest coverage	-1×-1.8×	-1.1×-1.8×	0.9×-0.4×	0.8×-0.4×	0.8×0.0×
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%
Enterprise value	$6.88B-55.6%	$8.19B-68.5%	$10.18B-67.3%	$14.24B-50.6%	$15.51B-53.2%
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×—
EV / sales	0.6×-0.8×	0.7×-1.7×	0.9×-2.0×	1.3×-1.4×	1.4×-1.7×
Earnings yield	-12.7%-9.5pp	-9.7%-5.4pp	-2.9%-3.5pp	-1%-15.5pp	-3.2%-15.4pp
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.