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Friday 6 November 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.

Revenue
+4.97%
EPS
+731.9%
Free cash flow
+255.6%
Total debt
−9.48%

Quarter to September 2026, against a year earlier

25.57 0.93 −3.51%
Market cap
$13.3B
P/E
0.0×
Fwd P/E
21.3×
Dividend yield
0.16%
F-score
4/9
Altman Z
2.12
Beneish M
−2.67
Dividend safety
0/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

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 September 2026 was 1.8×, down 0.5× 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 3.1×.

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
Sep 2026 1.8× (7.92%)
Jun 2026 1.9× 4.98%
Mar 2026 1.9× (19.87%)
Dec 2025 2.3× 25.98%
43 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 9.9×
WST West Pharmaceutical Services, Inc. compare 2.8×
AVTR Avantor, Inc. compare 1.9×
BAX Baxter International Inc. 1.8×
BLCO Bausch + Lomb Corporation compare 1.6×
ATR AptarGroup, Inc. 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 3.1×
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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