Baxter International Inc.

Baxter International Inc.

BAXยทNYSE

$18.54

-1.3%
HealthcareMedical - Instruments & Supplies

Baxter International Inc., through its subsidiaries, develops and provides a portfolio of healthcare products worldwide. The company offers peritoneal dialysis and hemodialysis, and additional dialysis therapies and services; intravenous therapies, infusion pumps, administration sets, and drug reconstitution devices; remixed and oncology drug platforms, inhaled anesthesia and critical care products and pharmacy compounding services; parenteral nutrition therapies and related products; biological products and medical devices used in surgical procedures for hemostasis, tissue sealing and adhesion prevention; and continuous renal replacement therapies and other organ support therapies focused in the intensive care unit. It also provides connected care solutions, including devices, software, communications, and integration technologies; integrated patient monitoring and diagnostic technologies to help diagnose, treat, and manage a various illness and diseases, including respiratory therapy, cardiology, vision screening, and physical assessment; surgical video technologies, tables, lights, pendants, precision positioning devices and other accessories. In addition, the company offers contracted services to various pharmaceutical and biopharmaceutical companies. Its products are used in hospitals, kidney dialysis centers, nursing homes, rehabilitation centers, doctors' offices, and patients at home under physician supervision. The company sells its products through direct sales force, as well as through independent distributors, drug wholesalers, and specialty pharmacy or other alternate site providers in approximately 100 countries. It has an agreement with Celerity Pharmaceutical, LLC to develop acute care generic injectable premix and oncolytic molecules. Baxter International Inc. was incorporated in 1931 and is headquartered in Deerfield, Illinois.

At a Glance

Live Snapshot
Market Cap$9.58B
EPS-1.7500
P/E Ratio-10.59
Earnings Date07/30/2026
3Y-30.0%
5Y-55.0%
10Y-49.0%
3Y-405.0%
5Y-341.0%
10Y-497.0%
3Y+193.0%
5Y+1122.0%
10Y+1201.0%
BAX

Baxter International Inc. Cash Conversion Engine

BAX ยท NYSE
Net Income-957.00M
Depreciation & Amortization981.00M
Stock-Based Compensation117.00M
Change in Working Capital-108.00M
Others735.00M
Capital Expenditures-522.00M
Free Cash Flow323.00M

Cash Flow Quality Analysis

FCF Conversion Rate

-33.8%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

61.8%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-42.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$108.00M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

Baxter International Inc. Cash Flow Statement

BAX โ€ข NYSE

Baxter International Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
-957M
-326M
181M
-3.1B
1B
1.1B
1B
1.5B
609M
5B
393M
457M
315M
2.3B
2.3B
1.4B
2.2B
2B
1.7B
1.4B
981M
997M
984M
1.1B
867M
823M
789M
771M
750M
800M
759M
792M
635M
712M
670M
685M
638M
631M
581M
575M
77M
-262M
-256M
-260M
-161M
-88M
-310M
-263M
211M
-302M
-50M
-117M
-185M
-17M
172M
76M
267M
280M
126M
8M
117M
114M
115M
140M
146M
130M
122M
115M
107M
115M
126M
126M
122M
130M
119M
120M
140M
146M
136M
0.0
735M
732M
541M
4B
394M
165M
917M
96M
147M
-3.7B
882M
2.4B
2.3B
561M
640M
1.1B
65M
103M
182M
204M
(0.0)
(223M)
(174M)
(168M)
(0.0)
(0.0)
(294M)
(302M)
(253M)
(500M)
(466M)
(726M)
(648M)
(415M)
(357M)
(353M)
(246M)
(247M)
(304M)
(0.0)
-108M
-236M
161M
-606M
-57M
-272M
-425M
-248M
-110M
-176M
-339M
-414M
22M
-606M
-1B
-368M
-416M
-670M
-427M
-1M
845M
1B
1.7B
1.2B
2.2B
1.9B
2.1B
2B
1.7B
1.7B
1.8B
3.2B
3.2B
3.1B
2.8B
3B
2.9B
2.5B
2.3B
2.2B
INVESTING ACTIVITIES
-513M
-460M
-436M
-635M
-691M
-709M
-696M
-659M
-616M
-719M
-911M
-925M
-706M
-1.2B
-960M
-963M
-1B
-954M
-692M
-526M
(0.0)
(0.0)
-6M
-263M
-10.5B
-494M
-418M
-268M
-686M
-11M
(50M)
(4M)
-3.6B
-408M
-467M
-301M
-156M
-99M
-112M
(184M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-48M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
0.0
34M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
3.4B
-200M
3.7B
-33M
-7M
24M
14M
11M
10M
63M
-946M
-621M
-1B
0.0
0.0
0.0
24M
60M
499M
0.0
(2.8B)
-626M
(3.2B)
-931M
-11.2B
-1.2B
-1.1B
-916M
-1.3B
-715M
-1.8B
-1.5B
-5.4B
-1.6B
-1.4B
-1.3B
-1.1B
-993M
-305M
-342M
FINANCING ACTIVITIES
30M
71M
95M
95M
-413M
-500M
-1.3B
-2.5B
-564M
-292M
0.0
-550M
-913M
-1.5B
-1.6B
-1.5B
-1.2B
-2B
-1.9B
784M
-3.8B
-531M
-2.9B
-899M
9.3B
478M
1.9B
0.0
665M
-56M
2.4B
-113M
3.1B
765M
733M
91M
473M
-79M
-51M
-543M
-348M
-590M
-586M
-573M
-530M
-473M
-423M
-376M
-315M
-268M
-910M
-1.1B
-1B
-804M
-709M
-688M
-632M
-546M
-704M
-364M
(0.0)
(0.0)
(0.0)
-32M
-600M
-500M
-1.3B
-2.5B
-564M
-292M
(0.0)
-550M
-913M
-1.5B
-1.6B
-1.5B
-1.2B
-2B
-1.9B
-737M
-107M
-31M
-63M
-61M
-138M
150M
308M
225M
307M
292M
-2B
356M
485M
404M
422M
334M
363M
680M
639M
0.0
-4.2B
-1.1B
-3.5B
-1.4B
8.2B
-345M
498M
-2.6B
93M
-324M
-481M
-1.4B
1.6B
-1.1B
-1.1B
-1.7B
-1B
-1.9B
-2B
-123M
CASH FLOW SUMMARY
84M
-96M
26M
-76M
-47M
57M
-5M
-63M
102M
-27M
-195M
-79M
-18M
-57M
-33M
-124M
-96M
1M
25M
-74M
-446M
-784M
1.5B
-1.2B
-780M
401M
1.5B
-1.6B
617M
588M
-712M
192M
-537M
365M
220M
-101M
655M
-408M
54M
1.6B
2.4B
3.2B
1.7B
3B
3.7B
3.3B
1.8B
3.4B
2.8B
2.2B
2.9B
2.7B
3.3B
2.9B
2.7B
2.8B
2.1B
2.5B
2.5B
841M
2B
2.4B
3.2B
1.7B
3B
3.7B
3.3B
1.8B
3.4B
2.8B
2.2B
2.9B
2.7B
3.3B
2.9B
2.7B
2.8B
2.1B
2.5B
2.5B
323M
559M
1.3B
576M
1.5B
1.2B
1.4B
1.4B
1.1B
935M
860M
2.3B
2.5B
1.9B
1.9B
2B
1.9B
1.6B
1.6B
1.7B

SEC Filings

BAX - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 08, 2026
May 04, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 30, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 29, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 23, 2026
May 05, 2026
2026
8-K

8-K 2026

N/A

March 19, 2026
March 19, 2026
2026
8-K

8-K 2026

N/A

March 16, 2026
March 15, 2026
2026
10-K

10-K 2025 FY

FY

February 12, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 12, 2026
February 10, 2026
2026
8-K

8-K 2025

N/A

December 22, 2025
December 22, 2025
2025
8-K

8-K 2025

N/A

December 04, 2025
December 04, 2025
2025
Showing 1 to 10 of 512 filings