Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Baxter International Inc

BAX · NYSE · Healthcare

Fundamental quality

DEMANDING

36

out of 100

Breakdown by area

I.GrowthRevenue growth: 3.7%
40
II.ProfitabilityNet margin: -9.7% · ROE: -18.2%
31
III.Financial healthNet debt/EBITDA: 11.06x · FCF: 6.5%
38

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Strengths

  • No clearly standout strengths by the system's thresholds.

Risks and weaknesses

  • No profits over the last twelve months (negative EPS).
  • Losses over the last twelve months (net margin of -9.7%).
  • High leverage (net debt of 11.06× EBITDA).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$12,146M$1,284M$1,531M$14,803M
2022$10,057M-$2,433M$834M$15,081M
2023$10,360M$2,656M$1,294M$10,777M
2024$10,636M-$649M$573M$11,416M
2025$11,244M-$957M$332M$7,472M

Between 2021 and 2025, revenue went from $12,146M to $11,244M (-7%) and net income went from $1,284M to -$957M (-175%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Baxter International Inc a profitable company?

Over the last twelve months, no: Baxter International Inc posts a negative net margin (-9.7%).

Does Baxter International Inc have a lot of debt?

Yes, its leverage is high: net debt is 11.06 times its EBITDA.

Is Baxter International Inc growing?

Its revenue has grown 3.7% annualized in recent years.

Does Baxter International Inc generate cash?

Yes. It converts about 6.5% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Baxter International Inc cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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