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Saturday 17 October 2026 Export BAX’s income statement to Excel — free account

Baxter International Inc.

BAX Healthcare Medical Instruments & Supplies

Baxter International Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.2 billion, up 5.72% from fiscal 2024. In the quarter to June 2026, revenue grew 5.34%, EPS grew 33.3%, free cash flow grew 119.5% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years.

25.33 0.43 −1.67%
Market cap
$13.3B
P/E
0.0×
Fwd P/E
44.7×
Dividend yield
0.16%
F-score
4/9
Altman Z
2.12
Beneish M
−2.67
Dividend safety
0/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Baxter International Inc. (BAX) Current ratio

Alert me on Current ratio

Baxter International Inc.'s current ratio at the end of the quarter to 30 June 2026 was 1.9×, down 0.4× from fiscal 2025 (2.3×). Over the past ten years it has ranged from 1.4× (fiscal 2024) to 2.6× (fiscal 2017); the current reading is higher than 64% of that period. That is below the Medical Instruments & Supplies industry median of 2.5× and below the Healthcare sector median of 3.0×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 2.3× 70.17%
FY2024 1.4× (7.89%)
FY2023 1.5× (12.56%)
FY2022 1.7× (19.39%)
FY2021 2.1× (17.01%)
FY2020 2.5× 8.64%
FY2019 2.3× 9.69%
FY2018 2.1× (17.75%)
FY2017 2.6× 7.46%
FY2016 2.4× 16.78%

Quarterly newest first

Period Current ratio Change
Jun 2026 1.9× 4.98%
Mar 2026 1.9× (19.87%)
Dec 2025 2.3× 25.98%
Sep 2025 1.8× (20.02%)
42 more quarters

Against its own ten years

Low 1.4× High 2.6×
Ten-year median 2.1×
Current reading's percentile 64

Current ratio against peers

Company Current ratio
RGEN Repligen Corporation compare 9.1×
WST West Pharmaceutical Services, Inc. compare 2.8×
BAX Baxter International Inc. 1.9×
AVTR Avantor, Inc. compare 1.8×
ATR AptarGroup, Inc. compare 1.6×
BLCO Bausch + Lomb Corporation compare 1.5×
ALGN Align Technology, Inc. compare 1.4×
COO The Cooper Companies, Inc. compare 1.2×
SOLV Solventum Corporation compare 1.0×
Medical Instruments & Supplies industry median 2.5×
Healthcare sector median 3.0×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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