Baxter International Inc. BAX

23.37 (0.11) (0.47%) as of 25 Sep
Market cap
$12.2B
P/E
0.0×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Baxter International Inc. (BAX) Operating margin

Baxter International Inc.'s operating margin over the twelve months to 30 June 2026 was −2.39%, up 0.4 percentage points from fiscal 2025 (−2.74%). Over the past ten years it has ranged from −28.3% (fiscal 2022) to 15.6% (fiscal 2019); the current reading is higher than 18% of that period. That is below the Medical Instruments & Supplies industry median of 1.64% and below the Healthcare sector median of 0.00%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 −2.74% (2.87)
FY2024 0.13% (6.69)
FY2023 6.82% 35.11
FY2022 −28.3% (39.40)
FY2021 11.1% (2.73)
FY2020 13.8% (1.76)
FY2019 15.6% 1.33
FY2018 14.3% 2.10
FY2017 12.2% 4.84
FY2016 7.33% 2.83

Quarterly

Period Operating margin Change (points)
Jun 2026 7.33% 4.89
Mar 2026 2.44% 26.95
Dec 2025 −24.5% (30.58)
Sep 2025 6.07% (0.73)
42 more quarters

Against its own ten years

Low −28.3% High 15.6%
Ten-year median 7.33%
Current reading's percentile 18

Operating margin against peers

Company Operating margin
SOLV Solventum Corporation compare 25.0%
STVN Stevanato Group S.p.A. compare 16.3%
ALGN Align Technology, Inc. compare 13.2%
COO The Cooper Companies, Inc. compare 12.8%
ATR AptarGroup, Inc. compare 12.1%
RGEN Repligen Corporation compare 8.23%
BLCO Bausch + Lomb Corporation compare 6.07%
BAX Baxter International Inc. −2.39%
AVTR Avantor, Inc. compare −4.59%
Medical Instruments & Supplies industry median 1.64%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on BAX