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) Return on equity
Baxter International Inc.'s return on equity over the twelve months to 30 June 2026 was −15.8%, down 1.2 percentage points from fiscal 2025 (−14.6%). Over the past ten years it has ranged from −32.4% (fiscal 2022) to 57.9% (fiscal 2016); the current reading is higher than 18% of that period. That is below the Medical Instruments & Supplies industry median of −1.32% and above the Healthcare sector median of −31.3%.
Return on equity, annual
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Annual newest first
| Period | Return on equity | Change (points) |
|---|---|---|
| FY2025 | −14.6% | (6.20) |
| FY2024 | −8.38% | (45.36) |
| FY2023 | 37.0% | 69.39 |
| FY2022 | −32.4% | (46.80) |
| FY2021 | 14.4% | 1.14 |
| FY2020 | 13.3% | 0.56 |
| FY2019 | 12.7% | (5.52) |
| FY2018 | 18.2% | 11.29 |
| FY2017 | 6.92% | (51.00) |
| FY2016 | 57.9% | 46.55 |
Against its own ten years
Return on equity against peers
| Company | Return on equity |
|---|---|
| SOLV Solventum Corporation compare | 34.0% |
| WST West Pharmaceutical Services, Inc. compare | 19.1% |
| ATR AptarGroup, Inc. compare | 13.5% |
| ALGN Align Technology, Inc. compare | 10.2% |
| COO The Cooper Companies, Inc. compare | 6.84% |
| RGEN Repligen Corporation compare | 1.99% |
| BLCO Bausch + Lomb Corporation compare | −2.64% |
| AVTR Avantor, Inc. compare | −9.70% |
| BAX Baxter International Inc. | −15.8% |
| Medical Instruments & Supplies industry median | −1.32% |
| Healthcare sector median | −31.3% |
| Market median | 1.35% |
What Return on equity is
ROE shows how much profit a company earns for its shareholders on the equity they have in the business.
Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)
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