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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

25.54 0.11 −0.43%
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) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Baxter International Inc. (BAX) trades at a P/B ratio of 2.0×. Over the past ten years it has ranged from 1.2× (November 2025) to 6.2× (April 2020); the current reading is higher than 11% of that period. That is below the Medical Instruments & Supplies industry median of 2.3× and below the Healthcare sector median of 2.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.6× (24.12%)
FY2024 2.1× (8.80%)
FY2023 2.3× (46.80%)
FY2022 4.4× (7.63%)
FY2021 4.7× 0.94%
FY2020 4.7× (12.99%)
FY2019 5.4× 20.39%
FY2018 4.5× 11.68%
FY2017 4.0× 36.53%
FY2016 2.9× 24.49%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.9× 7.42%
Jun 2026 1.8× 24.04%
Mar 2026 1.4× (10.48%)
Dec 2025 1.6× (0.97%)
43 more quarters

Against its own ten years

Low 1.2× High 6.2×
Ten-year median 3.5×
Current reading's percentile 12

P/B ratio against peers

Company P/B ratio
BLCO Bausch + Lomb Corporation compare 1.1×
COO The Cooper Companies, Inc. compare 1.5×
AVTR Avantor, Inc. compare 1.8×
BAX Baxter International Inc. 2.0×
ALGN Align Technology, Inc. compare 2.7×
SOLV Solventum Corporation compare 3.1×
ATR AptarGroup, Inc. compare 3.5×
RGEN Repligen Corporation compare 4.6×
WST West Pharmaceutical Services, Inc. compare 9.3×
Medical Instruments & Supplies industry median 2.3×
Healthcare sector median 2.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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