Baxter International financials
$23.48−0.04%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.24B | $10.64B | $10.36B | $10.06B | $12.15B | $11.67B | $11.36B | $11.10B | $10.58B | $10.16B |
| Gross profit | $3.38B | $3.98B | $4.15B | $3.55B | $4.72B | $4.59B | $4.76B | $4.76B | $4.47B | $4.12B |
| Gross margin | 30.1% | 37.5% | 40.1% | 35.3% | 38.9% | 39.3% | 41.9% | 42.9% | 42.3% | 40.5% |
| Operating income | -$514.0M | $2.0M | $679.0M | -$2.85B | $1.35B | $1.62B | $1.77B | $1.58B | $1.29B | $745.0M |
| Net income | -$900.0M | -$326.0M | $181.0M | -$2.43B | $1.28B | $1.10B | $1.00B | $1.55B | $602.0M | $4.96B |
| Net margin | −8.0% | −3.1% | 1.7% | −24.2% | 10.6% | 9.4% | 8.8% | 13.9% | 5.7% | 48.9% |
| Diluted EPS | $-1.75 | $-0.64 | $0.36 | $-4.83 | $2.53 | $2.13 | $1.93 | $2.83 | $1.08 | $9.01 |
| EBITDA | $952.0M | $1.42B | $1.66B | $1.04B | $2.22B | $2.44B | $2.56B | $2.35B | $2.04B | $1.54B |
| Operating cash flow | $845.0M | $1.02B | $1.73B | $1.21B | $2.22B | $1.87B | $2.10B | $2.02B | $1.71B | $1.65B |
| Free cash flow | $332.0M | $573.0M | $1.29B | $834.0M | $1.53B | $1.16B | $1.41B | $1.36B | $1.10B | $935.0M |
| Diluted shares | 513.0M | 510.0M | 508.0M | 504.0M | 508.0M | 517.0M | 519.0M | 546.0M | 555.0M | 551.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.97B | $1.76B | $3.08B | $1.72B | $2.95B | $3.73B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $9.48B | $13.13B | $13.76B | $16.64B | $17.66B | $6.19B |
| Total assets | $20.05B | $25.78B | $28.28B | $28.29B | $33.52B | $20.02B |
| Total liabilities | $13.95B | $18.76B | $19.81B | $22.39B | $24.40B | $11.29B |
| Shareholders' equity | $6.10B | $7.02B | $8.47B | $5.89B | $9.12B | $8.73B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology