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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) Gross margin

Alert me on Gross margin

Baxter International Inc.'s gross margin over the twelve months to 30 June 2026 was 30.1%, up 0.0 percentage points from fiscal 2025 (30.1%). Over the past ten years it has ranged from 30.1% (fiscal 2025) to 42.9% (fiscal 2018) — the current reading is the lowest in ten years. That is below the Medical Instruments & Supplies industry median of 54.3% and below the Healthcare sector median of 53.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 30.1% (7.41)
FY2024 37.5% (2.60)
FY2023 40.1% 4.77
FY2022 35.3% (3.57)
FY2021 38.9% (0.44)
FY2020 39.3% (2.60)
FY2019 41.9% (0.98)
FY2018 42.9% 0.61
FY2017 42.3% 1.77
FY2016 40.5% (1.09)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 34.9% 1.87
Mar 2026 33.0% 13.59
Dec 2025 19.4% (14.11)
Sep 2025 33.5% (1.76)
42 more quarters

Against its own ten years

Low 30.1% High 42.9%
Ten-year median 40.1%
Current reading's percentile 5

Gross margin against peers

Company Gross margin
ALGN Align Technology, Inc. compare 68.1%
COO The Cooper Companies, Inc. compare 65.9%
BLCO Bausch + Lomb Corporation compare 61.4%
SOLV Solventum Corporation compare 54.7%
RGEN Repligen Corporation compare 53.5%
WST West Pharmaceutical Services, Inc. compare 36.8%
ATR AptarGroup, Inc. compare 36.1%
AVTR Avantor, Inc. compare 31.8%
BAX Baxter International Inc. 30.1%
Medical Instruments & Supplies industry median 54.3%
Healthcare sector median 53.5%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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