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

Baxter International Inc. (BAX) P/E ratio

Alert me on 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

Against its own ten years

Low 0.0× High 190×
Ten-year median 16.5×
Current reading's percentile 24

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)

The full definition of P/E ratio →

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