Baxter International Inc. (BAX) vs Medline Inc. (MDLN)

Baxter International Inc. and Medline Inc. are both Medical Instruments & Supplies companies. Medline Inc. is the larger, with a market value of $48.1B against $13.3B — 3.6× the size. Medline Inc. has the higher net margin (2.37% vs −9.27%) and the higher return on invested capital (19.9% vs −1.27%). Across the 16 metrics below, Medline Inc. leads on 16 and Baxter International Inc. on 0.

Valuation

Metric BAX MDLN Medical Instruments & Supplies median
P/E n/m — 33.75
P/S 1.14 1.04 2.52
P/B 2.12 1.62 2.48
Price to free cash flow 16.07 13.38 25.19
EV/EBITDA 14.03 4.05 14.62
EV/Sales 1.78 1.37 2.88
Earnings yield (8.17%) — (2.67%)
Free cash flow yield 6.22% 7.48% 0.09%

Profitability

Metric BAX MDLN Medical Instruments & Supplies median
Gross margin 30.08% 46.27% 54.29%
Operating margin (2.39%) 31.12% 1.07%
Net margin (9.27%) 2.37% (1.61%)
Free cash flow margin 7.11% 7.75% 1.08%
Return on equity (15.78%) 0.00% (1.32%)
Return on assets (5.21%) 3.58% 0.00%
Return on invested capital (1.27%) 19.94% 0.00%

Growth

Metric BAX MDLN Medical Instruments & Supplies median
Revenue growth (TTM) 5.36% — 8.85%
EPS growth (last fiscal year) (47.24%) — 8.65%
Revenue growth, 5-year CAGR (0.75%) — 9.17%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric BAX MDLN Medical Instruments & Supplies median
Debt to equity 1.53 0.66 0.10
Current ratio 1.95 4.33 2.48
Net debt to EBITDA 5.19 3.24 0.89

Dividend

Metric BAX MDLN Medical Instruments & Supplies median
Dividend yield 0.16% — 1.11%
Payout ratio — — 0.27

Size

Metric BAX MDLN Medical Instruments & Supplies median
Market cap 13.32b 48.08b 619.84m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack