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.
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Baxter International Inc. (BAX) P/E ratio
Baxter International Inc. has no meaningful P/E ratio: its trailing twelve-month earnings is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 190× (September 2024) — the current reading is the lowest in ten years.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 0.0× | — |
| FY2024 | 0.0× | — |
| FY2023 | 7.4× | — |
| FY2022 | 0.0× | — |
| FY2021 | 33.5× | (9.74%) |
| FY2020 | 37.1× | (10.26%) |
| FY2019 | 41.4× | 91.19% |
| FY2018 | 21.7× | (57.45%) |
| FY2017 | 50.9× | 937.42% |
| FY2016 | 4.9× | (77.22%) |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 0.0× | — |
| Mar 2026 | 0.0× | — |
| Dec 2025 | 0.0× | — |
| Sep 2025 | 0.0× | — |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| BAX Baxter International Inc. | n/m |
| BLCO Bausch + Lomb Corporation compare | n/m |
| AVTR Avantor, Inc. compare | n/m |
| SOLV Solventum Corporation compare | 10.4× |
| COO The Cooper Companies, Inc. compare | 19.8× |
| ATR AptarGroup, Inc. compare | 22.2× |
| ALGN Align Technology, Inc. compare | 25.6× |
| WST West Pharmaceutical Services, Inc. compare | 48.7× |
| RGEN Repligen Corporation compare | 234× |
| Medical Instruments & Supplies industry median | 33.8× |
| Healthcare sector median | 23.0× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)
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