Baxter International Inc. logo BAX - Baxter International Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 15
HOLD 20
SELL 1
STRONG
SELL 0
| PRICE TARGET: $20.00 DETAILS
HIGH: $27.00
LOW: $15.00
MEDIAN: $19.50
CONSENSUS: $20.00
UPSIDE: 4.28%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 11,244 10,636 10,360 10,057 12,146 11,673 11,362 11,099 10,584 10,163 9,968 10,719 9,413 13,936 13,893 12,843 12,562 12,348 11,263 10,378 9,849 9,509 8,904 8,099 7,356 6,697 6,380 5,706 5,259 5,438 5,048 9,324 8,879
Cost of Revenue 7,865 6,652 6,210 6,508 7,426 7,086 6,601 6,340 6,110 6,047 5,822 6,138 5,251 6,802 6,847 6,885 6,037 6,218 5,744 5,641 5,756 5,594 4,951 4,314 3,944 3,641 3,215 2,816 2,570 2,697 2,469 5,575 5,163
Gross Profit 3,379 3,984 4,150 3,549 4,720 4,587 4,761 4,759 4,474 4,116 4,146 4,581 4,162 7,134 7,046 5,958 6,525 6,130 5,519 4,737 4,093 3,915 3,953 3,785 3,412 3,056 3,165 2,890 2,689 2,741 2,579 3,749 3,716
Operating Expenses
R&D Expenses 518 590 518 450 531 521 595 654 615 646 603 610 582 1,081 946 915 917 868 760 614 533 517 553 501 426 378 332 323 339 340 345 343 0
SG&A Expenses 2,890 2,967 2,953 3,097 2,845 2,469 2,535 2,620 2,627 2,725 3,094 3,315 3,084 3,283 3,154 2,907 2,731 2,698 2,521 2,282 2,030 1,960 1,805 1,566 1,440 1,330 1,311 1,208 1,145 1,142 1,084 1,859 2,983
Other Expenses 279 413 (28) 2,847 (6) (19) (141) (99) (56) 0 0 0 0 (51) 0 0 0 0 70 0 (109) 543 337 189 323 314 372 344 318 348 336 524 494
Operating Expenses 3,687 3,970 3,443 6,394 3,370 2,971 2,989 3,175 3,186 3,371 3,697 3,925 3,666 4,313 4,100 3,822 3,648 3,566 3,351 2,896 2,454 3,020 2,695 2,256 2,189 2,022 2,015 1,875 1,802 1,830 1,765 2,726 3,477
Operating Income
Operating Income (308) 14 707 (2,845) 1,350 1,616 1,772 1,584 1,288 745 449 656 496 2,821 2,946 2,136 2,877 2,564 2,168 1,841 1,639 895 1,258 1,529 1,223 1,034 1,150 1,015 887 911 814 1,023 239
Interest Expense 290 408 508 413 207 153 111 93 85 89 146 167 155 113 92 115 117 148 124 101 118 99 115 71 108 131 0 193 0 214 214 237 222
Interest Income 52 67 69 19 14 19 40 48 30 23 20 22 27 26 38 28 19 72 102 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 766 1,116 1,734 (1,763) 2,190 2,268 1,870 2,481 1,935 5,843 1,333 1,449 1,165 3,663 3,571 2,690 3,489 3,241 2,819 2,416 2,110 2,039 2,140 2,157 1,930 1,714 1,522 1,359 1,205 1,259 1,150 1,547 733
EBIT (215) 119 750 (2,835) 1,323 1,445 1,081 1,710 1,185 5,043 574 657 530 2,951 2,901 2,005 2,851 2,610 2,238 1,841 1,530 1,438 1,595 1,718 1,503 1,320 1,150 1,015 887 911 814 1,023 239
Income Before Tax (505) (289) 242 (3,248) 1,116 1,292 970 1,617 1,100 4,954 428 490 375 2,838 2,809 1,890 2,734 2,462 2,114 1,746 1,444 430 1,129 1,386 979 962 1,052 493 570 793 524 801 (330)
Income Tax Expense 395 37 61 (135) 83 182 (41) 65 491 (12) 35 33 60 555 553 463 519 437 407 348 486 47 222 360 304 208 273 218 199 218 153 205 (62)
Net Income (957) (649) 2,656 (2,433) 1,284 1,102 1,001 1,546 602 4,965 968 2,497 2,012 2,326 2,224 1,420 2,205 2,014 1,707 1,396 956 388 866 771 612 740 797 315 300 669 649 596 (198)
Per Share Data
EPS (Basic) -1.75 -1.27 5.25 -4.83 2.56 2.17 1.97 3.04 1.11 9.09 1.78 4.61 3.70 4.22 3.91 2.41 3.63 3.22 2.65 2.15 1.54 0.63 1.51 1.71 1.13 1.27 1.38 0.56 0.54 1.23 1.18 1.07 -0.36
EPS (Diluted) -1.75 -1.27 5.23 -4.83 2.53 2.13 1.93 2.97 1.08 9.01 1.76 4.56 3.66 4.18 3.88 2.39 3.59 3.16 2.61 2.13 1.52 0.63 1.50 1.66 1.09 1.25 1.35 0.55 0.53 1.23 1.18 1.07 -0.36
Shares Outstanding 513 510 506 504 502 509 509 534 543 546 545 542 543 551 569 590 607 625 644 651 622 614 573.5 450.9 541.6 582.7 580 568 556 544 554 560 554
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 1,966 1,764 3,078 1,718 2,951 3,730 3,335 1,838 3,394 2,801 2,786 2,131 1,109 925 1,169 582 579 606 709 465 761 476 471 479
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,932 1,730 1,772 2,623 2,713 2,077 1,896 1,840 1,793 1,691 2,302 1,980 2,091 1,914 1,838 1,622 1,542 1,652 1,746 1,739 1,485 1,209 1,916 1,676
Inventory 2,232 2,046 1,918 2,679 2,453 1,916 1,653 1,667 1,475 1,430 2,557 2,361 2,135 2,104 1,745 1,341 1,159 1,116 1,167 1,208 883 906 1,537 1,772
Other Current Assets 479 2,947 2,510 618 390 342 315 404 368 391 226 251 297 140 125 82 371 445 673 458 351 320 416 495
Total Current Assets 6,872 8,853 9,600 8,011 8,872 8,411 7,503 5,959 7,263 6,574 8,271 7,148 6,019 5,360 5,160 3,977 3,651 3,819 4,295 3,870 3,480 2,911 4,340 4,422
Non-Current Assets
Property, Plant & Equipment 3,186 3,176 3,207 5,236 5,808 5,325 5,120 4,530 4,588 4,289 5,159 4,609 4,369 4,592 3,907 3,306 2,807 2,650 2,445 2,360 1,843 1,749 2,562 2,655
Goodwill 4,929 5,275 5,793 6,452 9,836 3,217 3,030 3,002 3,099 2,595 1,825 1,654 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 4,369 5,223 5,918 6,793 7,792 1,671 1,471 1,410 1,374 1,111 513 390 2,195 2,259 2,020 1,698 1,239 921 930 1,622 1,386 1,098 2,290 2,490
Long-Term Investments 103 109 136 247 195 135 76 44 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 596 2,942 3,359 1,268 642 512 372 292 379 348 491 472 1,564 1,496 1,391 1,362 1,036 2,254 2,203 855 887 3,679 810 978
Total Non-Current Assets 13,183 16,929 18,676 20,276 24,649 11,608 10,690 9,761 9,848 8,972 9,083 8,257 8,128 8,347 7,318 6,366 5,082 5,825 5,578 4,837 4,116 6,526 5,662 6,123
Total Assets 20,055 25,782 28,276 28,287 33,521 20,019 18,193 15,720 17,111 15,546 17,354 15,405 14,147 13,707 12,478 10,343 8,733 9,644 9,873 8,707 7,596 9,437 10,002 10,545
Current Liabilities
Account Payables 999 968 881 1,110 1,246 1,043 892 998 920 791 807 829 3,925 3,107 3,043 708 1,990 1,805 2,024 1,963 442 355 701 1,783
Short-Term Debt 84 2,752 2,667 1,404 511 406 541 4 3 3 711 394 361 153 220 201 634 255 271 144 346 219 531 822
Deferred Revenue 141 131 128 154 162 32 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,222 1,528 1,635 618 751 555 584 576 648 744 482 265 0 538 588 661 748 640 536 450 1,657 1,580 1,534 328
Total Current Liabilities 2,970 6,511 6,503 4,745 4,236 3,333 3,230 2,814 2,821 2,744 4,464 3,635 4,286 3,798 3,851 3,294 3,372 2,700 2,831 2,557 2,445 2,154 2,766 2,933
Non-Current Liabilities
Long-Term Debt 9,675 10,374 11,089 15,232 17,149 5,786 4,809 3,481 3,509 2,779 3,440 3,362 3,933 4,421 4,398 2,486 1,726 2,601 3,096 2,635 1,695 2,372 2,341 2,800
Deferred Tax Liabilities 245 103 403 661 962 143 192 215 280 93 0 0 0 0 0 218 160 311 461 316 255 173 167 201
Other Non-Current Liabilities 783 1,487 1,507 1,267 1,447 1,496 1,488 1,341 1,385 1,650 2,030 2,179 2,223 2,214 1,261 588 816 684 646 580 697 1,034 1,008 1,426
Total Non-Current Liabilities 10,983 12,247 13,305 17,647 20,164 7,960 7,051 5,040 5,174 4,522 5,470 5,541 6,156 6,635 5,688 3,292 2,702 3,596 4,203 3,531 2,647 3,579 3,516 4,427
Total Liabilities 13,953 18,758 19,808 22,392 24,400 11,293 10,281 7,854 7,995 7,266 9,934 9,176 10,442 10,433 9,539 6,586 6,074 6,296 7,034 6,088 5,092 5,733 6,282 7,360
Stockholders' Equity
Common Stock 683 683 683 683 683 683 683 683 683 683 683 683 648 649 627 609 298 294 291 0 0 0 0 0
Retained Earnings 13,705 14,929 16,114 14,050 17,065 16,328 15,718 15,075 14,483 14,200 7,343 5,795 2,259 2,145 1,689 1,093 853 1,415 990 1,006 1,022 2,105 1,762 1,452
Accumulated Other Comprehensive Income (3,754) (4,010) (3,554) (3,833) (3,380) (3,314) (3,710) (3,823) (4,001) (4,556) (1,777) (1,885) (1,288) (1,430) (1,274) (432) (649) (374) (296) 0 0 0 0 0
Total Stockholders' Equity 6,129 6,964 8,402 5,833 9,077 8,689 7,882 7,844 9,124 8,290 7,191 6,229 3,705 3,274 2,939 3,757 2,659 3,348 2,839 2,619 2,504 3,704 3,720 3,185
Total Liabilities & Equity 20,055 25,782 28,276 28,287 33,521 20,019 18,193 15,720 17,111 15,546 17,354 15,405 14,147 13,707 12,478 10,343 8,733 9,644 9,873 8,707 7,596 9,437 10,002 10,545
Debt Metrics
Total Debt 10,003 13,449 14,113 17,203 18,310 6,804 5,961 3,485 3,512 2,782 4,151 3,756 4,294 4,574 4,647 2,687 2,360 2,856 3,367 2,779 2,041 2,591 2,872 3,622
Net Debt 8,037 11,685 11,035 15,485 15,359 3,074 2,626 1,647 118 (19) 1,365 1,625 3,185 3,649 3,478 2,105 1,781 2,250 2,658 2,314 1,280 2,115 2,401 3,143
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income (957) (326) 181 (3,113) 1,033 1,110 1,011 1,546 609 4,966 956 388 922 1,033 675 754 824 315 300 669 649 596 (268)
Depreciation & Amortization 981 997 984 1,072 867 823 789 771 750 800 580 601 545 439 427 394 372 344 318 348 336 524 494
Stock-Based Compensation 117 114 115 140 146 130 122 115 107 115 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (108) (236) 161 (606) (57) (272) (425) (248) (110) (176) (311) (449) (486) (548) (493) (35) (299) (121) (400) (305) (289) 159 (221)
Other Non-Cash Items 735 732 541 3,978 394 165 917 96 147 (3,749) 124 981 338 197 361 234 94 457 337 7 657 7 932
Operating Cash Flow 845 1,019 1,726 1,211 2,222 1,868 2,104 2,017 1,714 1,654 1,550 1,380 1,425 1,193 1,086 1,176 1,083 939 558 793 1,336 1,316 765
Investing Activities
Capital Expenditure (522) (460) (436) (635) (691) (709) (696) (659) (616) (719) (444) (558) (789) (848) (759) (685) (631) (556) (454) (398) (399) (502) (516)
Acquisitions 0 0 (6) (263) (10,502) (494) (418) (268) (686) (11) (47) (20) (184) (492) (805) (330) (179) (319) (606) (294) (44) (62) 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 (48) 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 34 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 3,354 (200) 3,655 (33) (7) 24 14 11 10 63 124 26 87 34 35 0 75 3 (23) (15) 91 159 (139)
Investing Cash Flow 2,841 (626) 3,213 (931) (11,200) (1,179) (1,100) (916) (1,292) (715) (367) (552) (886) (1,306) (1,529) (1,015) (735) (872) (1,083) (707) (352) (405) (655)
Financing Activities
Net Debt Issuance (3,791) (531) (2,935) (899) 9,326 478 1,883 0 665 (56) (1,264) (378) (440) 1,594 406 106 (269) 386 471 610 (293) (774) 690
Stock Repurchased 0 0 0 (32) (600) (500) (1,270) (2,452) (564) (292) 0 (18) (714) (1,169) (288) (375) (184) 0 0 (267) (500) (47) (124)
Dividends Paid (348) (590) (586) (573) (530) (473) (423) (376) (315) (268) (359) (361) (346) (349) (341) (84) (338) (331) (316) (320) (306) (286) (278)
Other Financing Activities (107) (31) (63) (61) (138) 150 308 225 307 292 0 0 0 0 0 0 0 0 0 0 0 0 0
Financing Cash Flow (4,216) (1,081) (3,489) (1,438) 8,245 (345) 498 (2,603) 93 (324) (1,447) (576) (751) 670 469 (120) (445) 173 265 216 (996) (930) 340
Cash Position
Net Change in Cash (446) (784) 1,476 (1,234) (780) 401 1,497 (1,565) 617 588 (268) 184 (242) 587 3 (27) (103) 244 (296) 285 8 (8) 447
Cash at Beginning 2,414 3,198 1,722 2,956 3,736 3,335 1,838 3,403 2,786 2,213 1,109 925 1,169 582 579 606 709 465 761 476 468 479 32
Cash at End 1,968 2,414 3,198 1,722 2,956 3,736 3,335 1,838 3,403 2,801 841 1,109 927 1,169 582 579 606 709 465 761 476 471 479
Free Cash Flow 323 559 1,290 576 1,531 1,159 1,408 1,358 1,098 935 1,106 822 636 345 327 491 452 383 104 395 937 814 249
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 11,244 10,636 10,360 10,057 12,146 11,673 11,362 11,099 10,584 10,163 9,968 10,719 9,413 13,936 13,893 12,843 12,562 12,348 11,263 10,378 9,849 9,509 8,904 8,099 7,356 6,697 6,380 5,706 5,259 5,438 5,048 9,324 8,879
Gross Profit 3,379 3,984 4,150 3,549 4,720 4,587 4,761 4,759 4,474 4,116 4,146 4,581 4,162 7,134 7,046 5,958 6,525 6,130 5,519 4,737 4,093 3,915 3,953 3,785 3,412 3,056 3,165 2,890 2,689 2,741 2,579 3,749 3,716
Operating Income (308) 14 707 (2,845) 1,350 1,616 1,772 1,584 1,288 745 449 656 496 2,821 2,946 2,136 2,877 2,564 2,168 1,841 1,639 895 1,258 1,529 1,223 1,034 1,150 1,015 887 911 814 1,023 239
Net Income (957) (649) 2,656 (2,433) 1,284 1,102 1,001 1,546 602 4,965 968 2,497 2,012 2,326 2,224 1,420 2,205 2,014 1,707 1,396 956 388 866 771 612 740 797 315 300 669 649 596 (198)
EPS (Diluted) -1.75 -1.27 5.23 -4.83 2.53 2.13 1.93 2.97 1.08 9.01 1.76 4.56 3.66 4.18 3.88 2.39 3.59 3.16 2.61 2.13 1.52 0.63 1.50 1.66 1.09 1.25 1.35 0.55 0.53 1.23 1.18 1.07 -0.36
Balance Sheet
Cash & Equivalents 1,966 1,764 3,078 1,718 2,951 3,730 3,335 1,838 3,394 2,801 2,786 2,131 1,109 925 1,169 582 579 606 709 465 761 476 471 479
Total Assets 20,055 25,782 28,276 28,287 33,521 20,019 18,193 15,720 17,111 15,546 17,354 15,405 14,147 13,707 12,478 10,343 8,733 9,644 9,873 8,707 7,596 9,437 10,002 10,545
Total Debt 10,003 13,449 14,113 17,203 18,310 6,804 5,961 3,485 3,512 2,782 4,151 3,756 4,294 4,574 4,647 2,687 2,360 2,856 3,367 2,779 2,041 2,591 2,872 3,622
Stockholders' Equity 6,129 6,964 8,402 5,833 9,077 8,689 7,882 7,844 9,124 8,290 7,191 6,229 3,705 3,274 2,939 3,757 2,659 3,348 2,839 2,619 2,504 3,704 3,720 3,185
Cash Flow
Operating Cash Flow 845 1,019 1,726 1,211 2,222 1,868 2,104 2,017 1,714 1,654 1,550 1,380 1,425 1,193 1,086 1,176 1,083 939 558 793 1,336 1,316 765
Capital Expenditure (522) (460) (436) (635) (691) (709) (696) (659) (616) (719) (444) (558) (789) (848) (759) (685) (631) (556) (454) (398) (399) (502) (516)
Free Cash Flow 323 559 1,290 576 1,531 1,159 1,408 1,358 1,098 935 1,106 822 636 345 327 491 452 383 104 395 937 814 249